Filing Analysis
OP Bancorp announced preliminary unaudited financial results for the second quarter of 2026 and declared a quarterly cash dividend of $0.14 per share.
📋 Key Facts
- Preliminary unaudited Q2 2026 financial results were released on July 23, 2026.
- Board of Directors declared a quarterly cash dividend of $0.14 per share.
- Dividend is payable on August 20, 2026, to shareholders of record as of August 6, 2026.
OP Bancorp held its 2026 annual meeting of shareholders on May 28, 2026, where shareholders elected seven directors, approved executive compensation on an advisory basis, and ratified the appointment of Crowe LLP as the independent auditor. All three proposals passed.
📋 Key Facts
- Annual Meeting date: May 28, 2026
- Total shares represented: 11,517,297 (77.33% of total shares outstanding)
- Proposal 1: All seven director nominees were elected for one-year terms
- Proposal 2: Executive compensation for 2025 was approved on a non-binding, advisory basis (9,617,976 votes for)
- Proposal 3: Appointment of Crowe LLP as the independent registered public accounting firm for 2026 was ratified (11,410,721 votes for)
OP Bancorp announced its preliminary unaudited financial results for the first quarter ended March 31, 2026, and declared a quarterly cash dividend. The company also provided an investor presentation and set the dividend payment for May 21, 2026.
📋 Key Facts
- Reported preliminary unaudited financial results for Q1 2026 on April 23, 2026.
- Declared a quarterly cash dividend of $0.14 per share on common stock.
- Dividend record date is set for May 7, 2026, with a payment date of May 21, 2026.
- Furnished an investor presentation (Exhibit 99.3) containing summary financial information for analyst discussions.
OP Bancorp announced preliminary unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025. Additionally, the Board declared a quarterly cash dividend of $0.12 per share.
📋 Key Facts
- Announced preliminary unaudited Q4 and FY 2025 financial results on January 22, 2026.
- Declared a quarterly cash dividend of $0.12 per share on common stock.
- Dividend payable date: February 19, 2026.
- Record date for dividend: February 5, 2026.
OP Bancorp completed a $25 million private placement of fixed-to-floating rate subordinated notes due 2035. The proceeds are intended to strengthen the Bank's regulatory capital and support growth.
🚩 Red Flags
- None identified; this is a standard capital raising activity for a financial institution.
📋 Key Facts
- Completed a private placement of $25 million in principal amount of subordinated notes.
- Notes mature on November 15, 2035.
- Interest structure: Fixed at 7.50% per annum until Nov 15, 2030; thereafter floating rate (3-month SOFR + 411 bps).
- The Note is designed to qualify as Tier 2 capital under regulatory guidelines.
- Company holds an option to redeem the notes in whole or part after the fifth anniversary of issuance.
OP Bancorp announced preliminary unaudited third quarter 2025 financial results, a summary investor presentation, and the declaration of a quarterly cash dividend.
📋 Key Facts
- Preliminary unaudited Q3 2025 financial results released on October 23, 2025.
- Board declared a quarterly cash dividend of $0.12 per share.
- Dividend is payable on November 20, 2025, to shareholders of record as of November 6, 2025.
OP Bancorp announced that its Board of Directors has approved a new stock repurchase program. The program authorizes the company to buy back up to 700,000 shares of common stock.
📋 Key Facts
- Board approval granted on August 28, 2025.
- Repurchase authorization: Up to 700,000 shares of common stock.
- Conducted in accordance with Rule 10b-18 of the Securities Exchange Act of 1934.
- The company maintains sole discretion to suspend or terminate the program at any time.
OP Bancorp announced preliminary unaudited financial results for the second quarter of 2025, issued an investor presentation, and declared a quarterly cash dividend.
📋 Key Facts
- Preliminary unaudited Q2 2025 financial results released on July 24, 2025.
- Board of Directors declared a quarterly cash dividend of $0.12 per share.
- Dividend payable date: August 21, 2025.
- Record date for dividend: August 7, 2025.
OP Bancorp held its 2025 annual meeting of shareholders on June 26, 2025. Shareholders voted on director elections, executive compensation advisory votes, and the ratification of the company's independent auditor.
📋 Key Facts
- Annual Meeting held on June 26, 2025.
- Total shares represented at meeting: 11,062,842 (74.50% of total shares outstanding).
- All seven director nominees were elected to one-year terms expiring in 2026.
- Shareholders approved the non-binding advisory vote on 2024 executive compensation.
- Shareholders voted for a one-year frequency for future non-binding advisory votes on executive compensation.
- Crowe LLP was ratified as the independent registered public accounting firm for 2025.
OP Bancorp announced the appointment of Sang K. Oh as President and CEO, effective July 1, 2025. This move is part of a previously disclosed management transition plan.
🚩 Red Flags
- None identified; this is a planned leadership succession rather than an abrupt departure.
📋 Key Facts
- Sang K. Oh appointed President and CEO of OP Bancorp and Open Bank, effective July 1, 2025.
- Mr. Oh currently serves as Executive Vice President and Chief Executive Officer In Transit.
- Compensation includes an annual base salary of $400,000 and eligibility for a management incentive plan.
- The appointment follows a transition plan first announced on August 23, 2024.
OP Bancorp announced preliminary unaudited financial results for the first quarter of 2025, reporting net income of $5.6 million and diluted EPS of $0.37. Additionally, the Board declared a quarterly cash dividend of $0.12 per share.
📋 Key Facts
- Preliminary Q1 2025 Net Income: $5.6 million
- Preliminary Q1 2025 Diluted Earnings Per Share (EPS): $0.37
- Quarterly Dividend declared: $0.12 per share
- Dividend Record Date: May 8, 2025
- Dividend Payment Date: May 22, 2025
OP Bancorp announced a leadership transition involving the promotion of Christine Oh to COO and the appointment of Jaehyun Park as the new CFO, effective March 3, 2025.
📋 Key Facts
- Christine Oh appointed Executive Vice President and Chief Operating Officer (COO) effective March 3, 2025.
- Jaehyun Park appointed Executive Vice President and Chief Financial Officer (CFO) effective March 3, 2025.
- Ms. Oh has served as CFO of the Bank since July 2010 and Company since March 2016.
- Mr. Park's new base salary is $250,000 per year.
- Mr. Park is eligible for restricted stock units (RSUs) with a cash value equal to 40% of his annual salary, vesting over five years.
OP Bancorp announced preliminary unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024. The company also declared a quarterly cash dividend of $0.12 per share.
📋 Key Facts
- Reported preliminary net income for Q4 2024 was $5.0 million.
- Reported diluted earnings per share (EPS) for Q4 2024 was $0.33.
- Declared a quarterly cash dividend of $0.12 per share.
- The filing includes preliminary unaudited results as of the period ending December 31, 2024.
OP Bancorp announced the appointment of Yeong Gwon Pak as Executive Vice President and Chief Credit Officer, effective December 30, 2024. Mr. Pak brings over 20 years of banking experience in the Los Angeles area to the role.
📋 Key Facts
- Appointment of Yeong Gwon Pak as EVP and Chief Credit Officer, effective Dec 30, 2024.
- Mr. Pak previously served as SVP and District Manager at Bank of Hope.
- Compensation includes a $250,000 annual salary and eligibility for management incentive plans starting in 2025.
- Potential RSU grant equal to 40% of annual salary, vesting over five years.
OP Bancorp announced preliminary unaudited third-quarter 2024 financial results and declared a quarterly cash dividend. The filing includes earnings per share data and an investor presentation.
📋 Key Facts
- Reported Net Income for Q3 2024: $5.4 million
- Reported Diluted Earnings Per Share (EPS) for Q3 2024: $0.36
- Declared a cash dividend of $0.12 per common share
- Dividend payable on or about November 21, 2024, to holders of record as of November 7, 2024
OP Bancorp announced a significant leadership succession plan involving the retirement of its Chairman, Brian Choi, and CEO, Min Kim. The transition is expected to conclude by June 30, 2025.
🚩 Red Flags
- Simultaneous departure of both the Chairman and the CEO creates significant leadership transition risk.
📋 Key Facts
- Chairman Brian Choi will retire and not stand for reelection to the Board of Directors.
- President and CEO Min Kim will retire; she is slated to succeed Mr. Choi as Chair of the Board.
- Chief Credit Officer Sang Oh has been selected to succeed Ms. Kim as President and CEO.
- The transition/succession plan is expected to begin at the 2025 Annual Meeting of Shareholders.
- All leadership changes are expected to be concluded no later than June 30, 2025.
OP Bancorp announced its preliminary unaudited financial results for the second quarter ended June 30, 2024. The company reported a net income of $5.4 million and declared a quarterly cash dividend.
📋 Key Facts
- Reported Net Income for Q2 2024: $5.4 million
- Diluted Earnings Per Share (EPS): $0.36
- Declared Quarterly Cash Dividend: $0.12 per share
- Reporting period: Second Quarter ended June 30, 2024
- Filing date: July 25, 2024
OP Bancorp announced the retirement of Director Ernest E. Dow during the company's 2024 annual meeting of shareholders on June 27, 2024. The filing also details the results of shareholder votes for director elections and the ratification of Crowe LLP as the independent auditor.
📋 Key Facts
- Director Ernest E. Dow retired from the Board effective June 27, 2024.
- The 2024 annual meeting of shareholders saw 12,018,845 shares represented (80.55% of total shares outstanding).
- All seven director nominees were elected to one-year terms expiring in 2025.
- Shareholders ratified the appointment of Crowe LLP as the independent registered public accounting firm for 2024.
OP Bancorp announced its preliminary unaudited financial results for the first quarter ended March 31, 2024. The filing also includes a press release regarding the declaration of a quarterly cash dividend.
📋 Key Facts
- Reported date: April 25, 2024
- Reporting period: First Quarter ended March 31, 2024
- Announced preliminary unaudited results for Q1 2024
- Declared a quarterly cash dividend (referenced in Exhibit 99.2)
- Provided an earnings presentation slide deck (Exhibit 99.3)
OP Bancorp announced its preliminary unaudited financial results for the fourth quarter ended December 31, 2023. The filing also includes a press release regarding the declaration of a quarterly cash dividend.
📋 Key Facts
- Announced preliminary unaudited results for Q4 2023 on January 25, 2024.
- Declared a quarterly cash dividend (referenced in Exhibit 99.2).
- Provided an earnings presentation slide deck as Exhibit 99.3.