March 29, 2017 12:19 PM ET

Banks

Company Overview of OP Bancorp

Company Overview

OP Bancorp provides banking products and services in California. It generates certificates of deposit, installment accounts, money market accounts, retirement accounts, and savings accounts, as well as various personal and business checking accounts. The company also provides commercial lending products, including business line of credit, business term loan, and commercial real estate term loan; trade financing products and services comprising issuance of letters of credit, import and export financing, revolving lines of credit, clean and documentary collections, and others; small business administration lending products; and home mortgage financial solutions. In addition, it offers online b...

1000 Wilshire Boulevard

Suite 500

Los Angeles, CA 90017

United States

Founded in 2005

Phone:

213-892-9999

Fax:

213-892-1199

Key Executives for OP Bancorp

OP Bancorp does not have any Key Executives recorded.

OP Bancorp Key Developments

OP Bancorp Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2016

OP Bancorp reported unaudited earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported interest income of $8,766,000, net interest income of $7,879,000, income before income taxes of $3,662,000, net income of $2,255,000 or $0.17 per diluted share, return on average assets of 1.21% and return on average equity of 11.27% compared to the interest income of $6,811,000, net interest income of $5,962,000, income before income taxes of $2,641,000, net income of $1,556,000 or $0.12 per diluted share, return on average assets of 1.00% and return on average equity of 8.69% for the same quarter a year ago. For the year, the company reported interest income of $31,701,000, net interest income of $28,330,000, income before income taxes of $12,321,000, net income of $7,427,000 or $0.56 per diluted share, return on average assets of 1.08% and return on average equity of 9.69% compared to the interest income of $25,192,000, net interest income of $22,503,000, income before income taxes of $10,133,000, net income of $5,963,000 or $0.46 per diluted share, return on average assets of 1.16% and return on average equity of 9.46% for the same period a year ago. Book Value per share was $6.30 as on December 31, 2016 against was $5.71 as on December 31, 2015.

OP Bancorp to Report Q4, 2016 Results on Jan 26, 2017

OP Bancorp announced that they will report Q4, 2016 results on Jan 26, 2017

OP Bancorp Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Reports Net Charge-Offs for the Third Quarter Ended September 30, 2016

OP Bancorp reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported net interest income of $7,421,000 against $5,953,000 a year ago. Income before income taxes was $3,441,000 against $2,590,000 a year ago. Net income was $2,052,000 or $0.15 per diluted share against $1,523,000 or $0.14 per basic and diluted share a year ago. Book value per share was $6.12 against $5.59 per share a year ago. Return on average assets was 1.18% against 1.05% a year ago. Return on average equity was 10.51% against 8.72% a year ago. Net interest income before loan loss provision was $7.4 million for the three months ended September 30, 2016, compared to $6.8 million for the second quarter of 2016, and $6.0 million for the third quarter of 2015. The increases from the second quarter of 2016 and the third quarter of 2015 were primarily the result of continued growth in interest earning assets, mostly loans. For the nine months, the company reported net interest income of $20,451,000 against $16,541,000 a year ago. Income before income taxes was $8,646,000 against $7,493,000 a year ago. Net income was $8,646,000 or $0.39 per diluted share against $4,408,000 or $0.34 per diluted share a year ago. Book value per share was $6.12 against $5.59 per share a year ago. Return on average assets was 1.04% against 1.07% a year ago. Return on average equity was 9.13% against 8.61% a year ago. For the quarter, the company reported net charge-offs of $141,000.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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