secwatch.observer — SEC 8-K summary
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Issuer:     OP Bancorp (OPBK)
CIK:        0001722010
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001628280-25-019719
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1722010/000162828025019719/0001628280-25-019719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1722010/000162828025019719/opbk-20250424.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-019719

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