OP Bancorp (OPBK) Income Statement Analysis

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Complete financial analysis of OP Bancorp (OPBK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of OP Bancorp, a leading company in the Banks – Regional industry within the Financial Services sector.

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OP Bancorp (OPBK)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.myopenbank.com

About OP Bancorp

OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services in California. It offers demand, checking, savings, money market, and time deposit accounts, as well as certificates of deposit. The company also provides commercial real estate, small business administration, commercial and industrial business, single-family residential, term, consumer, and home mortgage loans; trade financing products; and letters of credit, and SWIFT and export advice. In addition, it offers debit and credit card, online transfer and bill payment, electronic delivery of customer statements, and mobile banking solutions for iPhone and Android phones, including remote check deposit with mobile bill pay; direct deposits, cashier's checks, person to person payments, wire transfers, and automated clearing house (ACH) services; and cash management services, including balance reporting, transfers between accounts, wire transfer initiation, ACH origination, and stop payment services, as well as remote deposit capture, positive pay, zero balance accounts, and sweep accounts. As of January 27, 2022, the company operated nine full branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Gardena, Buena Park, and Santa Clara in California; and Carrollton, Texas. It also had four loan production offices in Atlanta, Georgia; Aurora, Colorado; and Lynnwood and Seattle in Washington. The company was founded in 2005 and is headquartered in Los Angeles, California.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2006	2005
Revenue	81.22M	94.53M	77.04M	56.14M	55.70M	50.29M	44.70M	37.34M	30.48M	25.21M	16.92M	12.98M	5.32M	1.10M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	81.22M	94.53M	77.04M	56.14M	55.70M	50.29M	44.70M	37.34M	30.48M	25.21M	16.92M	12.98M	5.32M	1.10M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	31.73M	30.77M	24.43M	22.86M	22.96M	20.68M	18.97M	16.69M	14.09M	12.00M	9.01M	6.17M	3.07M	1.21M
Selling & Marketing	614.00K	543.00K	684.00K	467.00K	806.00K	814.00K	630.68K	556.81K	532.48K	468.02K	421.62K	331.68K	0.00	0.00
SG&A	32.34M	31.31M	25.11M	23.33M	23.77M	21.50M	19.60M	17.24M	14.62M	12.47M	9.43M	6.50M	3.07M	1.21M
Other Expenses	50.52M	-11.68M	-61.50M	-61.18M	-57.39M	-43.21M	-40.66M	-37.47M	-31.01M	-27.48M	-21.09M	-16.09M	-5.55M	-4.61M
Operating Expenses	82.87M	2.16M	-36.39M	-37.85M	-33.62M	-21.72M	-21.06M	-20.23M	-16.39M	-15.01M	-11.66M	-9.58M	-2.48M	-3.39M
Cost & Expenses	82.87M	2.16M	-36.39M	-37.85M	-33.62M	-21.72M	-21.06M	-20.23M	-16.39M	-15.01M	-11.66M	-9.58M	-2.48M	-3.39M
Interest Income	121.67M	88.21M	64.16M	53.66M	58.78M	50.07M	40.28M	31.70M	25.19M	18.26M	11.27M	7.46M	8.85M	1.68M
Interest Expense	52.98M	11.30M	3.13M	8.29M	14.51M	9.11M	4.57M	3.37M	2.69M	1.54M	1.12M	765.86K	4.65M	719.00K
Depreciation & Amortization	1.34M	1.37M	1.31M	1.30M	1.15M	1.04M	1.01M	1.08M	940.40K	732.13K	332.71K	128.37K	0.00	0.00
EBITDA	34.83M	48.09M	41.97M	19.54M	23.22M	20.50M	18.14M	13.40M	11.07M	0.00	0.00	0.00	2.84M	-2.29M
EBITDA Ratio	42.88%	62.83%	54.48%	34.89%	41.69%	62.94%	55.14%	48.72%	49.31%	43.36%	33.03%	27.17%	53.40%	-208.27%
Operating Income	34.83M	58.03M	40.66M	18.29M	22.08M	28.57M	23.64M	17.10M	14.09M	10.20M	5.25M	3.40M	2.84M	-2.29M
Operating Income Ratio	42.88%	61.38%	52.77%	32.57%	39.64%	56.81%	52.88%	45.81%	46.23%	40.46%	31.06%	26.18%	53.40%	-208.27%
Total Other Income/Expenses	-1.34M	-4.21M	-3.47M	-1.78M	-645.00K	-1.85M	-1.33M	0.00	-908.35K	-227.88K	-221.76K	412.00	0.00	-7.51M
Income Before Tax	33.49M	46.72M	40.66M	18.29M	22.08M	19.46M	17.13M	12.32M	10.13M	7.62M	3.41M	2.21M	0.00	-3.01M
Income Before Tax Ratio	41.24%	49.43%	52.77%	32.57%	39.64%	38.69%	38.32%	33.00%	33.24%	30.22%	20.15%	17.02%	0.00%	-273.57%
Income Tax Expense	9.57M	13.41M	11.80M	5.11M	5.32M	5.20M	7.89M	4.89M	4.17M	3.14M	-1.54M	-3.98M	1.81M	1.00K
Net Income	23.92M	33.31M	28.84M	13.13M	16.76M	14.25M	9.24M	7.43M	5.96M	4.48M	4.95M	6.19M	-1.81M	-3.01M
Net Income Ratio	29.45%	35.24%	37.43%	23.38%	30.09%	28.34%	20.67%	19.89%	19.56%	17.78%	29.28%	47.71%	-34.02%	-273.66%
EPS	1.55	2.15	1.89	0.85	1.04	0.92	0.68	0.55	0.37	0.45	0.68	0.86	-0.82	-1.37
EPS Diluted	1.55	2.14	1.88	0.85	1.03	0.89	0.66	0.53	0.37	0.42	0.68	0.86	-0.82	-1.37
Weighted Avg Shares Out	15.15M	15.17M	15.09M	15.20M	15.74M	15.49M	13.06M	12.79M	15.19M	9.94M	7.23M	7.23M	2.20M	2.20M
Weighted Avg Shares Out (Dil)	15.16M	15.23M	15.16M	15.22M	15.94M	16.01M	13.49M	13.16M	15.19M	10.72M	7.23M	7.23M	2.20M	2.20M

OP Bancorp Reports Fourth Quarter and Year End Results For 2020

January 28, 2021businesswire.com

LOS ANGELES--(BUSINESS WIRE)--OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), today reported unaudited financial results for the fourth quarter of 2020. Net income for the fourth quarter of 2020 was $3.9 million, or $0.25...

OP Bancorp Reports Fourth Quarter and Year End Results For 2020

January 28, 2021businesswire.com

LOS ANGELES--(BUSINESS WIRE)--OP Bancorp Reports Fourth Quarter and Year End Results For 2020

OP Bancorp Reports Third Quarter Result of 2020

October 22, 2020businesswire.com

LOS ANGELES--(BUSINESS WIRE)--OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), today reported unaudited financial results for the third quarter of 2020. Net income for the third quarter of 2020 was $3.6 million, or $0.23...

OP Bancorp Reports Third Quarter Result of 2020

October 22, 2020businesswire.com

LOS ANGELES--(BUSINESS WIRE)--OP Bancorp Reports Third Quarter Result of 2020

Analysts Expect OP Bancorp (NASDAQ:OPBK) Will Post Earnings of $0.19 Per Share

October 22, 2020thelincolnianonline.com

Brokerages forecast that OP Bancorp (NASDAQ:OPBK) will report earnings of $0.19 per share for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for OP Bancorp’s earnings, with estimates ranging from $0.15 to $0.22. OP Bancorp reported...

OP Bancorp Declares Quarterly Cash Dividend of $0.07 per Share

October 22, 2020businesswire.com

OP Bancorp Declares Quarterly Cash Dividend of $0.07 per Share

OP Bancorp Appoints Sang Kyo Oh Chief Credit Officer

September 30, 2020businesswire.com

LOS ANGELES--(BUSINESS WIRE)--OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), announced today that Sang Kyo Oh has been appointed Executive Vice President of the Company and the Bank and Chief Credit Officer of the...

OP Bancorp Announces a Four-Year Extension of Chief Executive Officer’s Employment Term

September 30, 2020businesswire.com

LOS ANGELES--(BUSINESS WIRE)--OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), announced today that the employment term of Ms. Min J. Kim, President and Chief Executive Officer of the Company, will be extended from December...