OP Bancorp (OPBK) Form 8-K — Oct 22, 2026
OP Bancorp (NASDAQ: OPBK) reported Q3 2026 net income of $7.8 million and diluted EPS of $0.52, up 16% year-over-year from $6.7 million but down 3% from the prior quarter's $8.0 million. Net interest income rose 11% sequentially to $22.2 million and net interest margin expanded 19 bps to 3.27%, driven by 4% average loan growth and stable deposit costs. The board declared a quarterly dividend of $0.14 per share payable November 19, 2026. The main negative is credit migration: criticized loans jumped 132% QoQ to $77.6 million, concentrated in $42.9 million of new Special Mention CRE loans, and the provision rose to $1.6 million.
Key figures
- Eps
- 0.52
- Revenue
- 27502000
- Net Income
- 7763000
- Total Assets
- 2809435000
- Cash Position
- 242899000
- Shares Outstanding
- 14932615
- Roaa
- 1.11%
- Roae
- 12.94%
- Gross loans
- 2287829000
- Sba loans sold
- $51.1 million at 8.06% premium
- Total deposits
- 2430427000
- Criticized loans
- 77556000
- Efficiency ratio
- 56.40%
- Dividend per share
- 0.14
- Net interest income
- 22207000
- Net interest margin
- 3.27%
- Noninterest expense
- 15512000
- Nonperforming loans
- 18032000
- Book value per share
- 16.07
- Diluted eps year ago
- 0.45
- Dividend record date
- 2026-11-05
- Tier1 leverage ratio
- 9.09%
- Dividend payable date
- 2026-11-19
- Diluted eps prior quarter
- 0.53
- Provision for credit losses
- 1597000
- Net charge offs to avg loans
- 0.14%
AI analysis
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