---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-019719"
form_type: "8-K"
ticker: "OPBK"
cik: "0001722010"
company_name: "OP Bancorp"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:09:25.873872+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-019719
- form_type: 8-K
- ticker: OPBK
- cik: 0001722010
- company_name: OP Bancorp
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1722010/000162828025019719/0001628280-25-019719-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1722010/000162828025019719/opbk-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-019719
- JSON: https://secwatch.observer/filing/0001628280-25-019719.json
- Plain text: https://secwatch.observer/filing/0001628280-25-019719.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.