secwatch.observer — SEC 8-K summary
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Issuer:     OP Bancorp (OPBK)
CIK:        0001722010
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001628280-23-025957
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722010/000162828023025957/0001628280-23-025957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722010/000162828023025957/opbk-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025957

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