NASDAQ : OPBK
OP Bancorp — Financial statements
Financials · Banks - Regional · United States
Last price 15.08 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 225.18M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 144.16M | 136.87M | 124.36M | 110.46M | 82.86M | 62.45M |
| Interest Income on Investments | 13.23M | 13.45M | 13.26M | 11.20M | 5.35M | 1.71M |
| Total Interest Income | 157.39M | 150.33M | 137.62M | 121.67M | 88.21M | 64.16M |
| Interest Paid on Deposits | 68.97M | 68.85M | 68.12M | 49.44M | 11.21M | 3.13M |
| Interest Paid on Borrowings | 4.76M | 3.13M | 3.89M | 3.54M | 91.00K | |
| Total Interest Expense | 73.73M | 71.98M | 72.01M | 52.98M | 11.30M | 3.13M |
| Net Interest Income | 83.66M | 78.35M | 65.61M | 68.69M | 76.91M | 61.03M |
| Gain (Loss) on Sale of Investments | 114.00K | 114.00K | -32.00K | 48.00K | -431.00K | |
| Other Non-Interest Income | 6.10M | 5.94M | 4.88M | 4.17M | 4.09M | 3.25M |
| Total Non-Interest Income | 18.40M | 16.33M | 16.43M | 14.18M | 17.62M | 16.02M |
| Revenues Before Loan Losses | 102.06M | 94.68M | 82.03M | 82.87M | 94.53M | 77.04M |
| Provision for Loan Losses | 2.32M | 3.58M | 2.76M | 1.65M | 2.98M | 522.00K |
| Revenue | 99.73M | 91.10M | 79.28M | 81.22M | 91.55M | 76.52M |
| Salaries and Employee Benefits | 37.01M | 35.29M | 30.53M | 28.30M | 26.01M | 20.70M |
| Occupancy Expenses | 4.34M | 3.64M | 3.34M | 3.37M | 3.06M | 2.61M |
| Federal Deposit Insurance | 1.55M | 1.78M | 1.67M | 1.46M | 813.00K | 583.00K |
| Selling, General & Administrative | 9.29M | 8.25M | 9.47M | 9.39M | 9.01M | 7.63M |
| Other Non-Interest Expense | 3.68M | 4.24M | 3.08M | 2.81M | 2.54M | 1.46M |
| Total Non-Interest Expense | 58.86M | 55.77M | 50.20M | 47.73M | 44.83M | 35.87M |
| EBT Excluding Unusual Items | 40.87M | 35.33M | 29.08M | 33.49M | 46.72M | 40.66M |
| Pretax Income | 40.87M | 35.33M | 29.08M | 33.49M | 46.72M | 40.66M |
| Income Tax Expense | 10.86M | 9.69M | 8.01M | 9.57M | 13.41M | 11.82M |
| Net Income | 30.01M | 25.64M | 21.07M | 23.92M | 33.31M | 28.84M |
| Preferred Dividends & Other Adjustments | 375.00K | 476.00K | 704.00K | 330.00K | ||
| Net Income to Common | 30.01M | 25.64M | 20.69M | 23.44M | 32.61M | 28.51M |
| Basic Shares Outstanding | 14.90M | 14.87M | 14.87M | 15.15M | 15.17M | 15.09M |
| Diluted Shares Outstanding | 14.94M | 14.91M | 14.87M | 15.16M | 15.23M | 15.16M |
| EPS (Basic) | 2.01 | 1.72 | 1.39 | 1.55 | 2.15 | 1.89 |
| EPS (Diluted) | 2.01 | 1.72 | 1.39 | 1.55 | 2.14 | 1.88 |
| Dividend Per Share | 0.52 | 0.48 | 0.48 | 0.48 | 0.44 | 0.34 |
| Effective Tax Rate | 26.56% | 27.43% | 27.55% | 28.58% | 28.71% | 29.06% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 242.90M | 167.31M | 134.94M | 91.22M | 82.97M | 115.46M |
| Investment Securities | 18.71M | 27.64M | 24.61M | 26.36M | 15.64M | 3.80M |
| Trading Asset Securities | 368.00K | |||||
| Mortgage-Backed Securities | 187.15M | 187.16M | 180.12M | 188.34M | 209.81M | 150.44M |
| Total Investments | 205.86M | 214.80M | 205.10M | 214.69M | 225.45M | 154.25M |
| Gross Loans | 2.29B | 2.19B | 1.96B | 1.77B | 1.68B | 1.31B |
| Allowance for Loan Losses | -28.84M | -27.98M | -24.80M | -21.99M | -19.24M | -16.12M |
| Other Adjustments to Gross Loans | -331.00K | -702.00K | ||||
| Net Loans | 2.26B | 2.17B | 1.93B | 1.74B | 1.66B | 1.30B |
| Property, Plant & Equipment | 12.92M | 14.55M | 12.86M | 13.74M | 13.50M | 13.26M |
| Loans Held for Sale | 6.16M | 11.44M | 4.58M | 1.79M | 44.34M | 89.43M |
| Accrued Interest Receivable | 10.34M | 10.48M | 9.19M | 8.26M | 7.18M | 4.58M |
| Long-Term Deferred Tax Assets | 15.05M | 12.44M | 14.89M | 13.31M | 14.32M | 8.41M |
| Other Real Estate Owned & Foreclosed | 1.24M | |||||
| Other Long-Term Assets | 57.22M | 40.35M | 38.54M | 48.33M | 39.22M | 36.41M |
| Total Assets | 2.81B | 2.65B | 2.37B | 2.15B | 2.09B | 1.73B |
| Interest Bearing Deposits | 1.07B | 1.08B | 956.54M | 850.91M | 827.99M | 552.02M |
| Institutional Deposits | 818.59M | 683.96M | 565.81M | 433.89M | 356.20M | 207.29M |
| Non-Interest Bearing Deposits | 539.26M | 520.87M | 504.93M | 522.75M | 701.58M | 774.75M |
| Total Deposits | 2.43B | 2.28B | 2.03B | 1.81B | 1.89B | 1.53B |
| Short-Term Borrowings | 888.00K | 579.00K | ||||
| Current Portion of Long-Term Debt | 95.00M | |||||
| Current Portion of Leases | 3.04M | |||||
| Accrued Interest Payable | 16.52M | 14.60M | 16.07M | 12.63M | 2.77M | 558.00K |
| Long-Term Debt | 24.65M | 24.59M | ||||
| Federal Home Loan Bank Debt, Long-Term | 75.00M | 75.00M | 105.00M | |||
| Long-Term Leases | 9.75M | 8.14M | 7.86M | 9.34M | 10.21M | 10.31M |
| Other Long-Term Liabilities | 13.13M | 15.54M | 14.23M | 20.58M | 18.83M | 16.54M |
| Total Liabilities | 2.57B | 2.42B | 2.16B | 1.96B | 1.92B | 1.56B |
| Common Stock | 73.02M | 73.02M | 73.70M | 76.28M | 79.33M | 78.72M |
| Additional Paid-In Capital | 12.25M | 11.85M | 11.93M | 10.94M | 9.74M | 8.64M |
| Retained Earnings | 170.30M | 153.28M | 134.78M | 120.86M | 105.69M | 79.06M |
| Comprehensive Income & Other | -15.62M | -10.26M | -15.41M | -15.45M | -17.84M | -1.20M |
| Shareholders' Equity | 239.95M | 227.89M | 204.99M | 192.63M | 176.92M | 165.22M |
| Total Liabilities & Equity | 2.81B | 2.65B | 2.37B | 2.15B | 2.09B | 1.73B |
| Total Debt | 109.40M | 111.65M | 103.44M | 114.34M | 10.21M | 10.31M |
| Net Cash (Debt) | 133.50M | 55.77M | 31.98M | -23.03M | 72.85M | 105.25M |
| Net Cash Per Share | 8.93 | 3.74 | 2.15 | -1.52 | 4.78 | 6.94 |
| Filing Date Shares Outstanding | 14.93M | 14.89M | 14.91M | 14.96M | 15.34M | 15.14M |
| Total Common Shares Outstanding | 14.93M | 14.89M | 14.82M | 15.00M | 15.27M | 15.14M |
| Book Value Per Share | 16.07 | 15.31 | 13.83 | 12.84 | 11.59 | 10.91 |
| Tangible Book Value | 239.95M | 227.89M | 204.99M | 192.63M | 176.92M | 165.22M |
| Tangible Book Value Per Share | 16.07 | 15.31 | 13.83 | 12.84 | 11.59 | 10.91 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 25.64M | 21.07M | 23.92M | 33.31M | 28.84M | |
| Depreciation & Amortization | 7.26M | 4.65M | 4.47M | 5.75M | 4.85M | |
| Gain (Loss) on Sale of Investments | 1.76M | 1.51M | ||||
| Total Asset Writedown | 56.00K | |||||
| Provision for Credit Losses | 3.58M | 2.76M | 1.65M | 2.98M | 522.00K | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -2.52M | 2.69M | 46.98M | 54.02M | -59.37M | |
| Accrued Interest Receivable | -2.28M | 10.45M | -8.13M | -2.40M | 242.00K | |
| Change in Other Net Operating Assets | -3.40M | 8.91M | ||||
| Other Operating Activities | 206.00K | -2.28M | -617.00K | -479.00K | -255.00K | |
| Operating Cash Flow | 26.16M | 31.24M | 67.76M | 83.73M | -28.28M | |
| Capital Expenditures | -2.80M | -1.56M | -2.18M | -1.41M | -1.12M | |
| Investment in Securities | -4.39M | 4.31M | 15.88M | -84.76M | -63.26M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -235.28M | -189.98M | -85.54M | -364.13M | -220.70M | |
| Other Investing Activities | -541.00K | -87.00K | -4.04M | -11.48M | -963.00K | |
| Investing Cash Flow | -243.01M | -187.32M | -75.89M | -461.78M | -286.04M | |
| Long-Term Debt Issued | 149.57M | 20.00M | 105.00M | |||
| Total Debt Issued | 149.57M | 20.00M | 105.00M | |||
| Long-Term Debt Repaid | -145.00M | -30.00M | -5.00M | |||
| Total Debt Repaid | -145.00M | -30.00M | -5.00M | |||
| Net Debt Issued (Repaid) | 4.57M | -10.00M | 105.00M | -5.00M | ||
| Issuance of Common Stock | 160.00K | 888.00K | 608.00K | 89.00K | ||
| Repurchase of Common Stock | -1.48M | -2.94M | -4.03M | -81.00K | -462.00K | |
| Common Dividends Paid | -7.13M | -7.14M | -7.27M | -6.68M | -5.13M | |
| Net Increase (Decrease) in Deposit Accounts | 253.26M | 219.73M | -78.21M | 351.70M | 333.98M | |
| Financing Cash Flow | 249.22M | 199.80M | 16.37M | 345.56M | 323.47M | |
| Net Cash Flow | 32.37M | 43.73M | 8.24M | -32.49M | 9.15M | |
| Free Cash Flow | 23.36M | 29.68M | 65.57M | 82.32M | -29.40M | |
| Free Cash Flow Margin | 25.64% | 37.44% | 80.74% | 89.92% | -38.42% | |
| Free Cash Flow Per Share | 1.57 | 2.00 | 4.33 | 5.41 | -1.94 | |
| Cash Interest Paid | 73.45M | 68.57M | 43.12M | 9.09M | 3.60M | |
| Cash Income Tax Paid | 7.47M | 8.26M | 8.39M | 14.49M | 10.78M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 225.18M | 210.18M | 234.17M | 164.24M | 169.63M | 193.10M |
| Last Close Price | 15.08 | 13.75 | 14.85 | 9.86 | 9.55 | 10.53 |
| PE Ratio | 7.50 | 8.20 | 11.32 | 7.01 | 5.20 | 6.77 |
| PS Ratio | 2.26 | 2.31 | 2.95 | 2.02 | 1.85 | 2.52 |
| PB Ratio | 0.94 | 0.92 | 1.14 | 0.85 | 0.96 | 1.17 |
| P/FCF Ratio | 8.34 | 9.00 | 7.89 | 2.50 | 2.06 | |
| P/OCF Ratio | 8.07 | 8.03 | 7.50 | 2.42 | 2.03 | |
| Debt / Equity Ratio | 0.46 | 0.49 | 0.51 | 0.59 | 0.06 | 0.06 |
| Debt / FCF Ratio | 4.78 | 3.48 | 1.74 | 0.12 | ||
| Net Debt / Equity Ratio | -0.56 | -0.24 | -0.16 | 0.12 | -0.41 | -0.64 |
| Net Debt / FCF Ratio | -2.39 | -1.08 | 0.35 | -0.89 | 3.58 | |
| Return on Equity (ROE) | 13.01% | 11.84% | 10.60% | 12.95% | 19.47% | 18.69% |
| Return on Assets (ROA) | 1.11% | 1.02% | 0.93% | 1.13% | 1.74% | 1.86% |
| Earnings Yield | 13.33% | 12.20% | 9.00% | 14.56% | 19.64% | 14.94% |
| FCF Yield | 11.99% | 11.11% | 12.68% | 39.92% | 48.53% | -15.23% |
| Dividend Yield | 3.71% | 3.40% | 3.04% | 4.38% | 3.96% | 2.67% |
| Payout Ratio | 26.87% | 27.82% | 33.90% | 30.39% | 20.04% | 17.79% |
| Buyback Yield / Dilution | -0.53% | -0.23% | 1.89% | 0.48% | -0.50% | 0.45% |
| Total Shareholder Return | 3.19% | 3.17% | 4.93% | 4.86% | 3.46% | 3.12% |