---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-035339"
form_type: "8-K"
ticker: "OPBK"
cik: "0001722010"
company_name: "OP Bancorp"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T07:08:12.095519+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# OP Bancorp Q3 net income $5.1M ($0.33 EPS), down 41% YoY; NIM narrows to 3.38%

## Summary
- Net income $5.1M, diluted EPS $0.33 vs $6.1M ($0.39) in Q2'23 and $8.7M ($0.55) in Q3'22.
- Net interest margin 3.38% vs 3.40% QoQ and 4.31% YoY; provision for credit losses $1.4M vs $0 in Q2.
- Nonperforming loans to gross loans 0.24% (up from 0.20% QoQ); criticized loans to gross loans 0.78% (up from 0.44% QoQ).
- Book value per share $12.17; CET1 ratio 12.09%; announced share repurchase of up to 750,000 shares.
- Quarterly dividend maintained at $0.12 per share, payable Nov 23 to record Nov 9.

## SEC filing metadata
- accession: 0001628280-23-035339
- form_type: 8-K
- ticker: OPBK
- cik: 0001722010
- company_name: OP Bancorp
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722010/000162828023035339/0001628280-23-035339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722010/000162828023035339/opbk-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-035339
- JSON: https://secwatch.observer/filing/0001628280-23-035339.json
- Plain text: https://secwatch.observer/filing/0001628280-23-035339.txt

## Key facts
- Earnings Releases
  OP Bancorp reported preliminary financial results for the third quarter ended September 30, 2023.
  - Period: the third quarter ended September 30, 2023
  - Result: preliminary results
  source text: On October 26, 2023, OP Bancorp, (the “Company”), the holding company of Open Bank, issued a press release announcing preliminary unaudited results for the third quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722010/000162828023035339/0001628280-23-035339-index.htm

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