Quarterly ResultAug 7, 2026, 04:40 PM
OP Bancorp Q2 Net Income Up 26% to $8.0M; EPS $0.54
AI Summary
OP Bancorp reported a strong second quarter for 2026, with net income increasing by 26% to $8.0 million and basic earnings per share rising to $0.54. The company also saw growth in its balance sheet, with total assets reaching $2.74 billion and total deposits increasing to $2.37 billion. A reversal in the provision for credit losses further contributed to the positive financial performance.
Key Highlights
- Net income for Q2 2026 increased 26% to $7.98 million from $6.33 million in Q2 2025.
- Basic EPS for Q2 2026 rose 28.6% to $0.54 from $0.42 in Q2 2025.
- Total assets grew 3.55% to $2.74 billion as of June 30, 2026, from $2.65 billion at year-end 2025.
- Total deposits increased 3.85% to $2.37 billion as of June 30, 2026, from $2.28 billion at year-end 2025.
- Net loans increased 3.01% to $2.23 billion as of June 30, 2026, from $2.17 billion at year-end 2025.
- Net interest income for Q2 2026 increased 1.76% to $20.07 million from $19.72 million in Q2 2025.
- The company recorded a reversal of provision for credit losses of $0.15 million in Q2 2026, compared to a provision of $1.21 million in Q2 2025.
- Cash dividends declared increased to $0.14 per share in Q2 2026 from $0.12 per share in Q2 2025.
Price Impact
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