secwatch.observer — SEC 8-K summary
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Issuer:     OP Bancorp (OPBK)
CIK:        0001722010
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001628280-23-001615
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OP Bancorp Q4 2022 net income $8.0M ($0.51 EPS); dividend raised 20% to $0.12/share
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- Net income $8.0M, diluted EPS $0.51, vs $9.1M, $0.59 in Q4 2021; net interest income up 18% to $20.2M.
- Total loans $1.7B (+23% YoY); total deposits $1.9B (+23% YoY); noninterest-bearing deposits 37.2% of total.
- Credit quality: nonperforming loans 0.18% of gross loans; allowance/loans 1.13%; net charge-offs 0.03% annualized.
- CET1 ratio 11.70%; book value $11.59 per share, up 6% YoY.
- Quarterly cash dividend declared $0.12 per share, a 20% increase from prior $0.10, payable Feb 23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722010/000162828023001615/0001628280-23-001615-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722010/000162828023001615/opbk-20230126.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-001615

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer