secwatch.observer — SEC 8-K summary
======================================

Issuer:     OP Bancorp (OPBK)
CIK:        0001722010
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001628280-24-043634
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OP Bancorp Q3 net income $5.4M flat QoQ; loans and deposits grow
----------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722010/000162828024043634/0001628280-24-043634-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722010/000162828024043634/opbk-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-043634

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer