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OPBK

OP Bancorp

OPBK

OP Bancorp • NASDAQ
$13.45 ▼ -0.81% (-0.11)
Market Cap $200.21 M
52w High $18.57
52w Low $10.43
Dividend Yield 0.48%
P/E 8.51
Volume 19.45K
Outstanding Shares 14.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $42.652M ▲ $13.629M ▼ $6.703M ▲ 15.716% ▲ $0.45 ▲ $14.564M ▲
Q2-2025 $41.633M ▲ $14.037M ▲ $6.333M ▲ 15.211% ▲ $0.42 ▲ $8.84M ▲
Q1-2025 $39.675M ▲ $13.814M ▲ $5.56M ▲ 14.014% ▲ $0.37 ▲ $8.031M ▲
Q4-2024 $39.468M ▼ $13.133M ▲ $4.971M ▼ 12.595% ▼ $0.33 ▼ $6.993M ▼
Q3-2024 $39.539M $12.72M $5.436M 13.748% $0.36 $7.913M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $2.614B ▲ $2.393B ▲ $221.499M ▲
Q2-2025 $205.531M ▲ $2.564B ▲ $2.35B ▲ $213.718M ▲
Q1-2025 $199.023M ▲ $2.513B ▲ $2.303B ▲ $210.089M ▲
Q4-2024 $135.065M ▼ $2.366B ▼ $2.161B ▼ $204.993M ▲
Q3-2024 $366.229M $2.388B $2.184B $203.603M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $6.333M ▲ $-6.984M ▼ $-23.811M ▲ $37.322M ▼ $6.527M ▼ $-7.704M ▼
Q1-2025 $5.56M ▲ $5.645M ▲ $-81.818M ▼ $140.091M ▲ $63.918M ▲ $4.221M ▼
Q4-2024 $4.971M ▼ $5.29M ▼ $-17.947M ▲ $-19.156M ▼ $-31.813M ▼ $4.475M ▼
Q3-2024 $5.436M $13.393M ▼ $-56.266M ▲ $81.953M ▲ $39.08M ▲ $12.813M ▼
Q2-2024 $5.436M $15.815M $-78.684M $51.299M $-11.57M $15.738M

Revenue by Products

Product Q2-2020Q3-2020Q4-2020Q1-2021
Overdraft And Nonsufficient Funds Fees Income
Overdraft And Nonsufficient Funds Fees Income
 $0 ▲$0 ▲$0 ▲$0 ▲
Service Fees And Transaction Based Fees Income
Service Fees And Transaction Based Fees Income
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement OP Bancorp’s revenue has grown nicely over the past few years, showing that the bank has been able to attract more business and expand its lending and services. However, profits peaked a couple of years ago and have eased since then. Earnings are still healthy, but not as strong as the best year in the recent past, suggesting pressure on margins from higher funding costs, competition for deposits, or more conservative lending. Overall, this looks like a bank that has grown its top line steadily but is currently operating in a tougher profitability environment than during the low‑rate years.

Balance Sheet

Balance Sheet The balance sheet shows steady growth, with total assets and shareholder equity both moving upward over time. That points to measured expansion and a stronger capital base. Cash levels have risen recently, which gives the bank more flexibility and resilience, although they’re not excessive. Borrowing has increased compared with earlier years, which is common for growing regional banks, but it does mean the bank is more sensitive to interest costs and funding conditions than before. In general, the balance sheet looks reasonably sound and gradually stronger, but with a bit more reliance on wholesale or other debt funding than in the past.

Cash Flow

Cash Flow Cash generation from operations has been positive in most years, with one weak year in the middle of the period. The recent trend shows continued ability to produce cash, though not as strong as the best year. Free cash flow largely mirrors operating cash because the bank spends very little on physical capital expenditures, which is typical for a lender. The overall picture is a business that can fund itself from its core activities most of the time, though cash flows can swing with the credit cycle, deposit flows, and interest‑rate environment.

Competitive Edge

Competitive Edge OP Bancorp operates as a focused community bank serving mainly Korean-American and other minority communities, which gives it a clear niche and a loyal customer base. Its strengths lie in cultural and language familiarity, relationship-driven lending, and a strong presence in small business and SBA lending. These are not easy for big generic banks to replicate. The bank also offers trade finance and services well suited to import/export businesses, deepening ties with its core customers. The flip side is that this specialization can create concentration risk in specific communities, industries, and geographies, and it still faces competitive pressure from both larger banks and other community lenders chasing the same clients.

Innovation and R&D

Innovation and R&D As a bank, OP Bancorp does not focus on traditional R&D, but it has been innovating mainly in how it delivers services to its niche customers. It uses standard digital tools—online and mobile banking, treasury and cash management—but tailors them with multilingual support and culturally informed service. The recent hire of a seasoned Chief Technology Officer suggests an intention to upgrade technology and possibly expand digital offerings, though the exact roadmap is not yet public. The key opportunity is to enhance digital convenience without losing the high-touch, relationship-based model that differentiates the bank.

Summary

OP Bancorp appears to be a steadily grown community-focused bank that has built a defensible position in a clearly defined niche, especially among Korean-American small businesses and trade-oriented clients. Revenue growth has been solid, but profitability has come off its peak as the interest-rate and competitive backdrop has become more challenging. The balance sheet has expanded and strengthened over time, with rising equity and cash levels, though with somewhat higher use of debt than in the past. Cash flows are generally supportive of ongoing operations. The main opportunities lie in deepening its niche, expanding into similar communities in new markets, and using technology to scale its model. The main risks include credit quality in its lending book, dependence on a specific demographic and regional base, and the challenge of maintaining its community feel as it grows and digitizes.

NEWS

November 10, 2025 · 4:30 PM UTC

OP Bancorp Announces Closing of $25 million of 7.50% Fixed-to-Floating Rate Subordinated Note

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October 23, 2025 · 4:30 PM UTC

OP Bancorp Reports Third Quarter 2025 Net Income of $6.7 Million, Diluted EPS of $0.45

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