OP Bancorp posted $0.53 EPS, crushing the $0.445 consensus by 19%, as aggressive SBA loan sales at 8.17% premiums overwhelmed net interest margin pressure and drove a 26% year-over-year surge in net income to $7.98 million.
OP Bancorp :
OPBK
OPBK
Stock Data
$14.79
$0.06 (0.41%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
OP Bancorp is a California-based bank holding company for Open Bank, offering a wide range of banking services. Its offerings include various types of accounts such as checking, savings, and certificates of deposit, alongside a comprehensive suite of loan products including commercial real estate and small business loans. The company also provides modern banking solutions like online bill payments, mobile banking for iOS and Android, and advanced cash management services. With branches across California and Texas, and loan production offices in Georgia, Colorado, and Washington, OP Bancorp caters to a diverse clientele since its inception in 2005.
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