OP Bancorp Reports Third Quarter 2026 Net Income of $7.8 Million, Diluted EPS of $0.52
OP Bancorp reported Q3 2026 net income of $7.8 million with diluted EPS of $0.52, up 16% year-over-year but down 3% from Q2's $8.0 million. Net interest income rose 11% sequentially to $22.2 million on loan growth, lifting net interest margin 19 bps to 3.27%; average loans and deposits each grew 4% quarter-over-quarter. Credit metrics showed early stress: criticized loans more than doubled to $77.6 million (from $33.4 million), driven by $42.9 million of new Special Mention CRE loans, and the provision swung to $1.6 million from a prior-quarter reversal.
Key figures
- Eps
- 0.52
- Revenue
- $27,502 thousand
- Roaa
- 1.11%
- Roae
- 12.94%
- Net income
- 7763000
- Average loans
- $2,334,125 thousand
- Net income qoq
- -3%
- Net income yoy
- 16%
- Nii qoq growth
- 11%
- Total deposits
- $2,430,427 thousand
- Tier 1 leverage
- 9.09%
- Criticized loans
- $77,556 thousand
- Efficiency ratio
- 56.40
- Dividend per share
- $0.14
- Net interest income
- 22207000
- Net interest margin
- 3.27%
- Noninterest expense
- 15512000
- Nonperforming loans
- $18,032 thousand
- Book value per share
- $16.07
- Provision credit losses
- 1597000
AI analysis
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