OP Bancorp — Form 8-K
Filed July 23, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
OP Bancorp reported Q2 2026 net income of $8.0 million (diluted EPS $0.53) vs. Q1 2026 $7.2 million ($0.48) and Q2 2025 $6.3 million ($0.42). Key drivers: revenue growth to $25.7 million, reversal of $149 thousand provision (payoff of $4.1 million nonaccrual CRE loan), loan growth +1% to $2.26 billion, deposit growth +2% to $2.37 billion. Board declared quarterly dividend of $0.14 per share (payable ~August 20, 2026). Net interest margin declined 11 bps to 3.08% due to one-time Federal Reserve Bank account accrual adjustment. Capital remains robust: CET1 10.98%, book value per share $15.99.
Why this rating
Solid earnings growth (+10% YoY, +26% H1 2026) and stable credit quality are encouraging for a $158M market-cap bank. However, size-relative impact is moderate: $8.0M quarterly net income is ~5% of market cap annualized (low return), and net interest margin compression pressures profitability. Growth rates (1-2% assets/loans) are modest. No transformational event, M&A, or strategic shift disclosed.
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