OP Bancorp (OPBK) Form 10-Q — May 15, 2026
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%.
Key figures
- Eps
- 0.49
- Eps Beat
- 0
- Net Income
- 7234
- Debt Amount
- 25000
- Total Assets
- 2698627
- Cash Position
- 160260
- Deal Value Usd
- 0
- Interest Rate
- 7.5
- Maturity Date
- 2035-11-15
- Gross Proceeds
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Shares Outstanding
- 14894239
- Gross Loans
- 2234259
- Total Deposits
- 2327294
- Efficiency Ratio
- 57.97
- Net Interest Income
- 20523
- Net Interest Margin
- 3.19
- Nonperforming Loans
- 18297
- Allowance For Credit Losses
- 28406
Price after filing
Close on the filing date to close N calendar days later (from $14.07). Historical, not a forecast.
AI analysis
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