OP Bancorp : First Quarter 2026 OPBK Earnings Presentation

Published: 2026-04-24 18:31:07 ET OPBK

Published on 04/24/2026 at 06:31 pm EDT

Net Income

$7.2M

Diluted EPS

$0.48

ROA (1)

1.08%

ROE (1)

12.56%

NIM

3.19%

Efficiency

57.97%

Earnings & Profitability

Net income of $7.2 million, compared to $7.0 million

Diluted earnings per share of $0.48, compared to $0.47

ROA(1) and ROE(1) of 1.08% and 12.56%, compared to 1.07% and 12.53%, respectively

Net interest margin of 3.19%, compared to 3.25%

Efficiency ratio of 57.97%, compared to 58.87%

Balance Sheet Growth

Total assets of $2.70 billion, a 2% increase compared to $2.65 billion

Gross loans of $2.23 billion, a 2% increase compared to $2.19 billion

Total deposits of $2.33 billion, a 2% increase compared to $2.28 billion

Net (charge-offs) (1) to average gross loans of (0.01)%, compared to (0.03)%

Nonperforming loans (2) to gross loans of 0.82%, compared to 0.64%.

Criticized loans(2)(3) to gross loans of 1.49%, compared to 1.46%

Credit Quality

Remained well-capitalized with a Common Equity Tier 1 ("CET1") ratio of 10.82%

Book value per common share increased to $15.62, compared to $15.31

Paid quarterly cash dividend of $0.14 per share, a 17% increase from the prior dividend of

$0.12 per share

Capital Adequacy

Annualized.

Excludes the guaranteed portion of SBA loans that are in liquidation.

Includes special mention, substandard, doubtful, and loss categories.

Total Assets ($mm)

Gross Loans ($mm)

Total Deposits ($mm)

Total Equity ($mm) & Book Value Per Share ($)

Loan Composition ($mm)

Loan Originations* ($mm)

Commercial Real Estate Concentration (%)

Loan Yields (%)

* Excludes changes in line utilization.

Composition by Interest Rate Type (%)

Hybrid Loan Repricing Schedule ($mm)

Contractual Rates by Interest Rate Type (%)

Loan Maturity Schedule ($mm)

CRE* Portfolio by Collateral Type

CRE* Portfolio by Property Type

* Based on Call Report definitions, which includes real estate loans and SBA real estate loans.

CRE Portfolio * by Location

CRE Portfolio ** by Loan-to-Value Ratio (LTV)

* Based on Call Report definitions, which includes real estate loans and SBA real estate loans.

** Excludes SBA loans and USDA loans.

Home Loan Portfolio by Location

Home Loan Portfolio by Occupancy Type

Home Loan Portfolio by LTV

SBA Portfolio by Location

SBA Portfolio by Industry

SBA Portfolio* by LTV

SBA Portfolio by Collateral Type

* Excludes $23.5 million in SBA C&I loans.

Deposit Composition ($mm)

Noninterest Bearing Deposits ($mm)

Cost of Deposits (%)

CD Maturity Schedule ($mm)

Net Interest Income ($mm) & Net Interest Margin (%) *

Noninterest Income ($mm)

Interest Income & Interest Expense ($mm)

Noninterest Income Components ($mm)

* Annualized.

Noninterest Expense ($mm)

Efficiency Ratio (%)

Noninterest Expense Components ($mm)

Efficiency Ratio Components (%) *

* Ratios for Efficiency Ratio Components are percentages of average assets and are annualized.

Provision for Loan Losses ($mm)

Pre-Provision Net Revenue ($mm)*

Net Income ($mm) & Diluted EPS ($)

Return on Assets & Return on Equity (%)

* Pre-provision net revenue is a non-GAAP financial measure. See reconciliation of GAAP to non-GAAP measures on Page 19.

Source: Target Fed Funds Rate per Federal Open Market Committee guidance.

Nonperforming Loans ($mm)

Criticized Loans ($mm)

Allowance for Credit Losses* ($mm)

Net (Charge-Offs)** ($mm)

* Exclude the guaranteed portion of SBA loans that are in liquidation.

** Annualized

Liquidity Assets ($mm)

Total Available Liquidity* ($mm)

Tier 1 Leverage ($mm)

Total Risk Based Capital ($mm)

* Represent the sum of liquid assets and available borrowings.

Disclaimer

OP Bancorp published this content on April 24, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 24, 2026 at 22:30 UTC.