OP Bancorp Reports Net Income for 2024 Second Quarter of $5.4 Million and Diluted Earnings Per Share of $0.36
OP Bancorp (OPBK)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Business Wire
2024 Second Quarter Highlights compared with 2024 First Quarter:Financial Results:Net income of $5.4 million, a 4.0% increase compared to $5.2 millionDiluted earnings per share of $0.36, a 5.9% increase compared to $0.34Net interest income of $16.2 million, compared to $16.0 millionNet interest margin of 2.96%, compared to 3.06%Provision for credit losses of $617 thousand, compared to $145 thousandTotal assets of $2.29 billion, a 2.5% increase compared to $2.23 billionGross loans of $1.87 billion, a 3.6% increase compared to $1.80 billionTotal deposits of $1.94 billion, a 2.4% increase compared to $1.90 billionCredit Quality:Allowance for credit losses to gross loans of 1.22%, compared to 1.23%Net charge-offs(1) to average gross loans(2) of (0.00)%, compared to 0.01%Loans past due 30-89 days to gross loans of 0.36%, compared to 0.22%Nonperforming loans to gross loans of 0.23%, compared to 0.24%Criticized loans(3) to gross loans of 0.88%, compared to 0.64%Capital Levels:Remained well-c
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OPBK
News
- OP Bancorp (NASDAQ: OPBK) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $13.00 price target on the stock.MarketBeat
- OP Bancorp Announces Leadership Succession PlansBusiness Wire
- OP Bancorp (NASDAQ:OPBK) Passed Our Checks, And It's About To Pay A US$0.12 Dividend [Yahoo! Finance]Yahoo! Finance
- OP Bancorp (NASDAQ: OPBK) had its price target raised by analysts at Keefe, Bruyette & Woods from $11.00 to $13.00. They now have a "market perform" rating on the stock.MarketBeat
- OP Bancorp Declares Quarterly Cash Dividend of $0.12 per ShareBusiness Wire
OPBK
Earnings
- 4/25/24 - Beat
OPBK
Analyst Actions
- 8/26/24 - Keefe, Bruyette & Woods
OPBK
Sec Filings
- 8/23/24 - Form 8-K
- 8/16/24 - Form 4
- 8/14/24 - Form 10-Q
- OPBK's page on the SEC website