Quarterly ResultJul 23, 2026, 04:32 PM
OP Bancorp Q2 Net Income $8.0M, EPS $0.53; Declares $0.14 Dividend
AI Summary
OP Bancorp reported strong preliminary unaudited financial results for the second quarter ended June 30, 2026, with net income increasing to $8.0 million and diluted EPS rising to $0.53. The company experienced continued revenue growth, a reversal of provision for credit losses, and improved operating efficiency. Additionally, the Board of Directors declared a quarterly cash dividend of $0.14 per share, payable on August 20, 2026, to shareholders of record as of August 6, 2026.
Key Highlights
- Net income increased to $8.0 million, up 10% from $7.2 million in Q1 2026.
- Diluted EPS rose to $0.53, an increase from $0.48 in Q1 2026.
- Revenue grew to $25.7 million, up 5% from $24.6 million in Q1 2026.
- Reversal of provision for credit losses was $149 thousand, compared to a $412 thousand provision in Q1 2026.
- Net interest margin was 3.08%, down from 3.19% in Q1 2026.
- Total deposits increased 2% to $2.37 billion from $2.33 billion in Q1 2026.
- Book value per share increased to $15.99 from $15.62 in Q1 2026.
- Declared a quarterly cash dividend of $0.14 per share.
Price Impact
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