---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-002244"
form_type: "8-K"
ticker: "OPBK"
cik: "0001722010"
company_name: "OP Bancorp"
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:23:38.169859+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# OP Bancorp Q4 net income $5.2M, EPS $0.34; NIM narrows to 3.12%; NPLs rise to 0.34%

## Summary
- Net income $5.2M ($0.34 diluted EPS) vs $5.1M ($0.33) Q3 and $8.0M ($0.51) Q4'22.
- Net interest margin 3.12%, down 26 bps QoQ and 96 bps YoY; interest expense rose 12.1% QoQ to $15.6M.
- Nonperforming loans $6.1M (0.34% of loans) vs $4.2M (0.24%) Q3; allowance for credit losses at 1.25%.
- Book value per share $12.84 (+5.5% QoQ); CET1 ratio 12.52%; declared $0.12/sh dividend, repurchased 150k shares at $8.72 avg.

## SEC filing metadata
- accession: 0001628280-24-002244
- form_type: 8-K
- ticker: OPBK
- cik: 0001722010
- company_name: OP Bancorp
- filed_at: 2024-01-25T23:59:59+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/1722010/000162828024002244/0001628280-24-002244-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722010/000162828024002244/opbk-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-002244
- JSON: https://secwatch.observer/filing/0001628280-24-002244.json
- Plain text: https://secwatch.observer/filing/0001628280-24-002244.txt

## Key facts
- Earnings Releases
  OP Bancorp reported fourth quarter ended December 31, 2023 results: net income $5.2 million, EPS $0.34 per diluted common share.
  - Period: fourth quarter ended December 31, 2023
  - Net income: $5.2 million
  - EPS: $0.34 per diluted common share
  - Result: preliminary results
  source text: OP Bancorp, (the “Company”), the holding company of Open Bank, issued a press release announcing preliminary unaudited results for the fourth quarter ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1722010/000162828024002244/0001628280-24-002244-index.htm

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