Quarterly ResultMay 15, 2026, 04:44 PM
OP Bancorp Q1 Net Income $7.23M, EPS $0.49
AI Summary
OP Bancorp reported a net income of $7.23 million for the first quarter of 2026, an increase from $5.56 million in the same period last year, with diluted earnings per share rising to $0.48 from $0.37. The company saw growth in total assets, net loans, and deposits, reaching $2.70 billion, $2.21 billion, and $2.33 billion respectively. Net interest income also improved to $20.52 million, and the provision for credit losses decreased. However, nonaccrual loans increased to $18.30 million as of March 31, 2026.
Key Highlights
- Net income for Q1 2026 was $7.23 million, up from $5.56 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.48, up from $0.37 in Q1 2025.
- Total assets grew to $2.70 billion as of March 31, 2026, from $2.65 billion at December 31, 2025.
- Net loans increased to $2.21 billion as of March 31, 2026, from $2.17 billion at December 31, 2025.
- Total deposits reached $2.33 billion as of March 31, 2026, up from $2.28 billion at December 31, 2025.
- Net interest income rose to $20.52 million in Q1 2026 from $17.42 million in Q1 2025.
- Provision for credit losses decreased to $412 thousand in Q1 2026 from $736 thousand in Q1 2025.
- Nonaccrual loans increased to $18.30 million as of March 31, 2026, from $14.07 million at December 31, 2025.
Price Impact
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