OP Bancorp Q1 net income $5.6M, EPS $0.37; loans up 4.4%, deposits up 8.0%

OP Bancorp

2025-Q1 EPS reported $0.37 revenue$1,000,000

Net income of $5.6M, diluted EPS $0.37 vs. $0.33 in Q4 2024 and $0.34 in Q1 2024; net interest margin rose 5 bps to 3.01%.
Gross loans grew 4.4% to $2.04B, total deposits up 8.0% to $2.19B; criticized loans increased to 1.13% of gross loans.
Nonperforming loans rose to $10.4M (0.51% of loans) from $7.8M, driven by two home mortgage loans with sufficient collateral; net charge-offs remained low at 0.02%.
Board declared quarterly cash dividend of $0.12 per share, payable May 22, 2025, to holders of record May 8, 2025.
Efficiency ratio 62.13%; CET1 ratio 11.08%; book value per share $14.09, up 1.9% from prior quarter.

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