OP Bancorp

Community and Regional Banks are Choosing FIS to Accelerate Modernization

FIS announced record first-half core wins across its community and regional banking segment, representing millions of accounts added across account origination, digital banking and core modernization. Among the publicly disclosed wins, Open Bank, a Los Angeles community bank traded as OP Bancorp (Nasdaq: OPBK), selected the FIS Origination Suite as part of its digital transformation strategy. FIS also highlighted AI capabilities in production and pilot, including Policy Optimizer 2.0, AgentEdge, and a Financial Crimes AI Agent developed through its strategic partnership with Anthropic. The release provides no hard financial figures, so it reads as a demand-momentum and share-gain signal rather than a quantifiable earnings driver.

•1mo ago

OPBK: 10-Q · periodic report

OP Bancorp reported Q2 2026 net income of $8.0 million, up 26% from $6.3 million a year earlier, with diluted EPS of $0.53 versus $0.42. First-half net income rose 28% to $15.2 million, or $1.02 per share, driven by a $149 thousand provision reversal and a 134% jump in gains on SBA loan sales. The Los Angeles-based bank holding company grew gross loans 3% to $2.26 billion and deposits 4% to $2.37 billion since year-end, lifting total assets to $2.74 billion. Q2 net interest margin compressed 15 basis points year-over-year to 3.08% amid lower loan yields, but ROAA improved to 1.18% and the efficiency ratio to 57.64%. Credit remains benign but worsening at the margin: nonperforming loans jumped 23% to $17.3 million (0.76% of loans, up 12 bps), and allowance coverage of NPLs fell 36% to 163%. The Bank remains well-capitalized with a 10.98% common equity Tier 1 ratio. A new SBA eligibility rule effective March 1, 2026 could shrink the borrower pool for a signature lending line, and uninsured deposits stand at $1.18 billion, half of total deposits. The company declared a $0.14 per share Q2 dividend and trades on Nasdaq under OPBK.

SEC 10-Q•2mo ago

OP Bancorp Reports Second Quarter 2026 Net Income of $8.0 Million, Diluted EPS of $0.53

OP Bancorp reported second quarter 2026 net income of $8.0 million, or diluted EPS of $0.53, representing a 10% increase from the prior quarter and 26% growth from the year-ago period. Results were bolstered by revenue growth of $25.7 million, a reversal of the credit loss provision, and an improved efficiency ratio of 57.64%, although net interest margin contracted slightly due to one-time adjustments. The Board of Directors declared a quarterly cash dividend of $0.14 per share, payable in August, while maintaining robust capital levels with a CET1 ratio of 10.98%.

•3mo ago

OP Bancorp Declares Quarterly Cash Dividend of $0.14 per Share 

OP Bancorp declared a quarterly cash dividend of $0.14 per share. The dividend is payable on or about August 20, 2026 to shareholders of record as of the close of business on August 6, 2026. OP Bancorp is the holding company for Open Bank, operating branches in California, Texas, and Nevada.

•3mo ago

OPBK: 10-Q · periodic report

OP Bancorp reported first-quarter 2026 net income of $7.2 million, a 30% year-over-year increase driven by an 18% rise in net interest income to $20.5 million. The bank’s net interest margin expanded 18 basis points to 3.19%, benefiting from loan growth and stable deposit costs, while the efficiency ratio improved significantly to 57.97%. Total assets grew 2% to $2.70 billion, with gross loans increasing $40.6 million to $2.23 billion, primarily due to commercial real estate and SBA loan originations. Total deposits also rose 2% to $2.33 billion, maintaining a stable funding base with a loans-to-deposits ratio of 95%. Nonperforming loans increased 30% to $18.3 million, largely due to a single $4.1 million CRE relationship moving to nonaccrual status. Management states this loan is in active resolution and expects full payoff by the second quarter of 2026, limiting the impact on overall asset quality.

SEC 10-Q•5mo ago