secwatch.observer — SEC 8-K summary
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Issuer:     OP Bancorp (OPBK)
CIK:        0001722010
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001628280-24-033006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OP Bancorp Q2 net income $5.4M, EPS $0.36; NIM down to 2.96%; loan growth 3.6%
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- Net income $5.4M, diluted EPS $0.36, up 4% and 5.9% QoQ but down 10.8% and 7.7% YoY.
- Net interest margin 2.96% vs 3.06% prior quarter, down 10 bps QoQ and 44 bps YoY.
- Gross loans $1.87B (+3.6% QoQ); total deposits $1.94B (+2.4% QoQ).
- Criticized loans 0.88% of gross loans vs 0.64% prior quarter; NPLs remain low at 0.23%.
- Quarterly dividend of $0.12 per share declared, payable Aug 22, record Aug 8, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722010/000162828024033006/0001628280-24-033006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722010/000162828024033006/opbk-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-033006

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