---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-013650"
form_type: "8-K"
ticker: "OPBK"
cik: "0001722010"
company_name: "OP Bancorp"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T09:11:18.218581+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OP Bancorp Q1 net income $7.5M ($0.48 EPS); dividend raised 20% to $0.12

## Summary
- Net income $7.5M ($0.48 diluted EPS) vs $8.2M ($0.53) in Q1 2022, down 7.6%.
- Net interest margin narrowed to 3.56% from 4.12%; net interest income $17.9M vs $17.3M.
- Board declared $0.12 quarterly dividend (20% increase from $0.10), payable May 25 to holders of record May 11.
- Nonperforming loans rose to $4.36M (0.26% of loans) from $2.81M (0.20%) a year ago.
- Adopted CECL on Jan 1, adding $2.1M to allowance; reversed $338K credit losses vs $341K provision in Q1 2022.

## SEC filing metadata
- accession: 0001628280-23-013650
- form_type: 8-K
- ticker: OPBK
- cik: 0001722010
- company_name: OP Bancorp
- filed_at: 2023-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722010/000162828023013650/0001628280-23-013650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722010/000162828023013650/opbk-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-013650
- JSON: https://secwatch.observer/filing/0001628280-23-013650.json
- Plain text: https://secwatch.observer/filing/0001628280-23-013650.txt

## Key facts
- Earnings Releases
  OP Bancorp reported first quarter ended March 31, 2023 results: net income Net income of $7.5 million, EPS diluted earnings per share of $0.48.
  - Period: first quarter ended March 31, 2023
  - Net income: Net income of $7.5 million
  - EPS: diluted earnings per share of $0.48
  - Result: reported results
  source text: On April 27, 2023, OP Bancorp, (the “Company”), the holding company of Open Bank, issued a press release announcing preliminary unaudited results for the first quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722010/000162828023013650/0001628280-23-013650-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.