earnings
confidence high
sentiment neutral
materiality 0.65
OP Bancorp Q3 net income $5.4M flat QoQ; loans and deposits grow
OP Bancorp
2024-Q3 EPS reported
$1.06
revenue$2,294,000
- Net income $5.4M, diluted EPS $0.36, unchanged from Q2 2024; net interest margin 2.95%.
- Gross loans grew 3.3% QoQ to $1.93B; total deposits up 6.4% to $2.06B.
- Nonperforming loans fell to 0.19% of gross loans (Q2: 0.23%); ACL 1.19%.
- Board declares $0.12 per share cash dividend, payable Nov 21, 2024.
- Repurchased 4,610 shares at avg $10.09 during Q3; book value per share $13.75.