OP Bancorp Q2 2023 net income $6.1M ($0.39 EPS), down 28% YoY; NIM 3.40% vs 4.21%; $0.12 dividend

OP Bancorp

2023-Q2 EPS reported $0.88 revenue$991,000

Net income $6.1M ($0.39 diluted EPS) vs $8.5M ($0.54) in Q2 2022; net interest income $17.3M vs $19.1M.
Net interest margin 3.40% vs 4.21% a year ago; no provision for credit losses vs $996K provision in Q2 2022.
Gross loans $1.7B (+16% YoY), total deposits $1.9B (+7% YoY); book value per share $12.16 vs $11.16.
Nonperforming loans 0.20% of gross loans vs 0.12% a year ago; criticized loans 0.44% vs 0.18%.
Declared quarterly cash dividend of $0.12 per share, payable Aug 24, 2023 to holders of record Aug 10.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

OP Bancorp reported the second quarter ended June 30, 2023 results: net income $6.1 million, EPS $0.39 per diluted common share.

Period: the second quarter ended June 30, 2023
Net income: $6.1 million
EPS: $0.39 per diluted common share
Result: preliminary results

Exact text from the filing

OP BANCORP REPORTS NET INCOME FOR 2023 SECOND QUARTER OF $6.1 MILLION AND DILUTED EARNINGS PER SHARE OF $0.39

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Source: SEC EDGAR

accession 0001628280-23-025957

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