---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-025957"
form_type: "8-K"
ticker: "OPBK"
cik: "0001722010"
company_name: "OP Bancorp"
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:40:33.353993+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-025957
- form_type: 8-K
- ticker: OPBK
- cik: 0001722010
- company_name: OP Bancorp
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722010/000162828023025957/0001628280-23-025957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722010/000162828023025957/opbk-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-025957
- JSON: https://secwatch.observer/filing/0001628280-23-025957.json
- Plain text: https://secwatch.observer/filing/0001628280-23-025957.txt

## Key facts
- Earnings Releases
  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
  source text: OP BANCORP REPORTS NET INCOME FOR 2023 SECOND QUARTER OF $6.1 MILLION AND DILUTED EARNINGS PER SHARE OF $0.39
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722010/000162828023025957/0001628280-23-025957-index.htm

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