secwatch / observer

OP Bancorp — fact timeline

Source-grounded facts extracted from OP Bancorp's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

OPBK OP Bancorp JSON
Shareholder Votes

OP Bancorp shareholders approved Ratification of appointment of Crowe LLP as independent registered public accounting firm for the year ending December 31, 2026 (Proposal 3) at the 2026-05-28 meeting.

“Proposal 3 - Ratification of Independent Registered Public Accounting Firm Votes For Votes Against Abstain 11,410,721 43,574 63,002”
Shareholder Votes

OP Bancorp shareholders approved Advisory vote to approve executive compensation (Proposal 2) at the 2026-05-28 meeting.

“Proposal 2 - Advisory Vote to Approve Executive Compensation Votes For Votes Against Abstain Broker Non-Votes 9,617,976 286,108 75,816 1,537,397”
Shareholder Votes

OP Bancorp shareholders approved Election of all seven director nominees named in the 2026 Proxy Statement for a one-year term expiring at the 2027 annual meeting at the 2026-05-28 meeting.

“Proposal 1 - Election of Directors Nominee Votes For Votes Withheld Broker Non-Votes Hyung J. Kim 9,298,322 681,578 1,537,397 Min J. Kim 9,666,480 313,420 1,537,397 Sunny Kwon 9,615,961 363,939 1,537,397 Sang K. Oh 9,877,129 102,771 1,537,397 Yong Sin Shin 9,202,308 777,592 1,537,397 Myung Shin Sohn 9,847,412 132,488 1,537,397 Ki Won Yoon 9,392,396 587,504 1,537,397”
Earnings Releases

OP Bancorp reported first quarter ended March 31, 2026 results: revenue 24,555, net income $ 7,234, EPS $ 0.48.

“($ in thousands, except per share data) As of and For the Quarter First Quarter Highlights 1Q2026 4Q2025 1Q2025 Comparisons reflect 1Q26 vs. 4Q25 Income Statement: Income Statement Net interest income $ 20,523 $ 20,863 $ 17,418 • Revenue continued to grow. • Net income increased 3%, benefiting from higher revenue and reductions in both provision and noninterest expenses. • Diluted EPS improved modestly by $0.01. Noninterest income 4,032 3,418 4,816 Revenue 24,555 24,281 22,234 Provision for credit losses 412 463 736 Noninterest expense 14,233 14,293 13,814 Net income $ 7,234 $ 7,038 $ 5,560 Diluted Earnings Per Share (“EPS”) $ 0.48 $ 0.47 $ 0.37”
Debt Financings

OP Bancorp incurred debt of $25 million at 7.50% per annum fixed from issuance to November 15, 2030, then floating at 3-mon maturing November 15, 2035.

“On November 7, 2025, OP Bancorp (the “Company”), the parent company of Open Bank (the “Bank”), completed a private placement of $25 million principal amount of fixed-to-floating rate subordinated note due 2035 (the “Note”) pursuant to a subordinated note purchase agreement in a private placement (the “Agreement”).”

Sang K. Oh was appointed as President and Chief Executive Officer at OP Bancorp.

“On May 29, 2025, OP Bancorp (the “Company”), the holding company for Open Bank (the “Bank”), announced the appointment of Sang K. Oh as President and Chief Executive Officer of the Company and the Bank, effective as of July 1, 2025.”

Jaehyun Park was appointed as Executive Vice President and Chief Financial Officer at OP Bancorp.

“On March 3, 2025, the Company also announced the appointment of Jaehyun Park, age 53, the current Senior Vice President and Controller of the Company and the Bank, to succeed Ms. Oh as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of March 3, 2025.”

Christine Oh was appointed as Executive Vice President and Chief Operating Officer at OP Bancorp.

“On March 3, 2025, OP Bancorp (the “Company”), the holding company for Open Bank (the “Bank”), issued a press release announcing the appointment of Christine Oh, age 57, as Executive Vice President and Chief Operating Officer of the Company and the Bank, effective as of March 3, 2025.”

Sang Oh was appointed as President and Chief Executive Officer at OP Bancorp.

“the selection of current Chief Credit Officer Sang Oh to succeed Ms. Kim as President and Chief Executive Officer”

Min Kim changed role as Chair of the Board at OP Bancorp.

“the expected retirement of its President and Chief Executive Officer, Min Kim, and Ms. Kim’s succession to Mr. Choi as Chair of the Board”

Brian Choi departed as Chairman of the Board at OP Bancorp.

“the planned retirement of its Chairman of the Board, Brian Choi”

Ernest E. Dow retired as Director at OP Bancorp.

“the Nomination & Governance Committee (“Committee”) of the Registrant’s Board of Directors (“Board”) received notification from Director Ernest E. Dow that he intend to retire from the Board at the Registrant’s Annual Meeting of Shareholders convened on Thursday, June 27, 2024.”
Earnings Releases

OP Bancorp reported preliminary financial results for the first quarter ended March 31, 2024.

“issued a press release announcing preliminary unaudited results for the first quarter ended March 31, 2024”
Earnings Releases

OP Bancorp reported fourth quarter ended December 31, 2023 results: net income $5.2 million, EPS $0.34 per diluted common share.

“OP Bancorp, (the “Company”), the holding company of Open Bank, issued a press release announcing preliminary unaudited results for the fourth quarter ended December 31, 2023.”
Earnings Releases

OP Bancorp reported preliminary financial results for the third quarter ended September 30, 2023.

“On October 26, 2023, OP Bancorp, (the “Company”), the holding company of Open Bank, issued a press release announcing preliminary unaudited results for the third quarter ended September 30, 2023.”
Earnings Releases

OP Bancorp reported the second quarter ended June 30, 2023 results: net income $6.1 million, EPS $0.39 per diluted common share.

“OP BANCORP REPORTS NET INCOME FOR 2023 SECOND QUARTER OF $6.1 MILLION AND DILUTED EARNINGS PER SHARE OF $0.39”
Shareholder Votes

OP Bancorp shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2023-06-22 meeting.

“On June 22, 2023, the Company held its 2023 annual meeting of shareholders; 12,747,915 shares were represented by valid proxies or voted at the meeting, or 83.72% of the total shares outstanding. At the meeting, shareholders elected all of the seven director nominees named in the 2023 Proxy Statement for a one-year term expiring at the 2024 annual meeting of shareholders and to serve until his or her successor is elected and qualified. The shareholders also ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for 2023. Final voting results from the meeting are as follows: Proposal 1 - Election of Directors Nominee Votes For Votes Withheld Broker Non-Votes Brian Choi 11,449,419 96,573 1,201,923 Ernest E. Dow 11,458,999 86,993 1,201,923 Soo Hun Jung 11,458,993 86,999 1,201,923 Hyung J. Kim 11,541,161 4,831 1,201,923 Min J. Kim 11,511,732 34,260 1,201,923 Sunny Kwon 11,541,178 4,814 1,201,923 Yong Sin Shin 11,475,221 70,771 1,201,923 Proposa”
Shareholder Votes

OP Bancorp shareholders approved Election of Directors at the 2023-06-22 meeting.

“On June 22, 2023, the Company held its 2023 annual meeting of shareholders; 12,747,915 shares were represented by valid proxies or voted at the meeting, or 83.72% of the total shares outstanding. At the meeting, shareholders elected all of the seven director nominees named in the 2023 Proxy Statement for a one-year term expiring at the 2024 annual meeting of shareholders and to serve until his or her successor is elected and qualified. The shareholders also ratified the appointment of Crowe LLP as the Company’s independent registered public accounting firm for 2023. Final voting results from the meeting are as follows: Proposal 1 - Election of Directors Nominee Votes For Votes Withheld Broker Non-Votes Brian Choi 11,449,419 96,573 1,201,923 Ernest E. Dow 11,458,999 86,993 1,201,923 Soo Hun Jung 11,458,993 86,999 1,201,923 Hyung J. Kim 11,541,161 4,831 1,201,923 Min J. Kim 11,511,732 34,260 1,201,923 Sunny Kwon 11,541,178 4,814 1,201,923 Yong Sin Shin 11,475,221 70,771 1,201,923 Proposa”
Earnings Releases

OP Bancorp reported first quarter ended March 31, 2023 results: net income Net income of $7.5 million, EPS diluted earnings per share of $0.48.

“On April 27, 2023, OP Bancorp, (the “Company”), the holding company of Open Bank, issued a press release announcing preliminary unaudited results for the first quarter ended March 31, 2023.”

Myung Ja (Susan) Park resigned as Director at OP Bancorp.

“received notification from Directors Ock Hee Kim and Myung Ja (Susan) Park that they intend to retire and have declined to stand for reelection to the Board at the Registrant’s Annual Meeting of Shareholders presently scheduled to be convened on Thursday, June 22, 2023.”

Ock Hee Kim resigned as Director at OP Bancorp.

“received notification from Directors Ock Hee Kim and Myung Ja (Susan) Park that they intend to retire and have declined to stand for reelection to the Board at the Registrant’s Annual Meeting of Shareholders presently scheduled to be convened on Thursday, June 22, 2023.”
Earnings Releases

OP Bancorp reported the fourth quarter ended December 31, 2022 results: net income $8.0 million, EPS $0.51 per diluted common share.

“LOS ANGELES, January 26, 2023 — OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank, today reported its financial results for the fourth quarter of 2022. Net income for the fourth quarter of 2022 was $8.0 million, or $0.51 per diluted common share, compared with $8.7 million, or $0.55 per diluted common share, for the third quarter of 2022, and $9.1 million, or $0.59 per diluted common share, for the fourth quarter of 2021.”
Earnings Releases

OP Bancorp reported the third quarter ended September 30, 2022 results: net income $8.7 million, EPS $0.55.

“OP BANCORP REPORTS NET INCOME FOR 2022 THIRD QUARTER OF $8.7 MILLION AND DILUTED EARNINGS PER SHARE OF $0.55”

Jason Hwang departed as director at OP Bancorp.

“On April 27, 2022, the Company was informed of the death of director Jason Hwang, who passed away on April 25, 2022.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.