{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-018225","form_type":"8-K","ticker":"OPBK","cik":"0001722010","company_name":"OP Bancorp","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.740435+00:00","generated_at":"2026-06-03T08:06:59.604400+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"OP Bancorp Q1 net income $5.2M flat QoQ, down 30.6% YoY; NIM falls to 3.06%","bullets":["Net income $5.23M ($0.34 EPS) vs $5.17M ($0.34) Q4 2023 and $7.5M ($0.48) Q1 2023.","Net interest margin 3.06%, down 6bp QoQ and 51bp YoY; net interest income $15.98M, -10.7% YoY.","Gross loans $1.80B (+2.2% QoQ), deposits $1.90B (+4.9% QoQ) with mix shift to higher-cost time deposits.","Credit quality improved: NPLs ratio 0.24% (from 0.34%), criticized loans 0.64% (from 0.76%).","Declared $0.12/share dividend payable May 23; repurchased 49,697 shares at avg $10.02."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-018225","json":"https://secwatch.observer/filing/0001628280-24-018225.json","markdown":"https://secwatch.observer/filing/0001628280-24-018225.md","text":"https://secwatch.observer/filing/0001628280-24-018225.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1722010/000162828024018225/0001628280-24-018225-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1722010/000162828024018225/opbk-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T08:06:59.604400+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5febfd9cf043fd8362c0fbc6709f388a70beb363","claim":"OP Bancorp reported preliminary financial results for the first quarter ended March 31, 2024.","evidence_excerpt":"issued a press release announcing preliminary unaudited results for the first quarter ended March 31, 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1722010/000162828024018225/0001628280-24-018225-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}