OP Bancorp

OPBK · NASDAQ · Financial Services / Banks - Regional

14.97USD+0.01 (+0.07%)

Price History

Full chart

Market Stats

Previous Close14.96

Open15.05

Day Range14.85 – 15.05

52-Week Range12.18 – 16.68

Volume30.69K

Market Cap227.13M

P/E (TTM)7.80

Forward P/E9.01

EPS1.95

Dividend Yield3.69%

Beta0.58

50-Day Avg15.38

200-Day Avg14.43

About

OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services. It offers demand, savings, money market, and time deposit accounts, as well as certificates of deposit. It also provides commercial real estate, small business administration, home mortgage, and consumer loans. It operates full branch offices in Los Angeles and Orange Counties in California, as well as Santa Clara, California; Carrollton, Texas; Las Vegas, Nevada Pleasanton, California; Atlanta, Georgia; Aurora, Colorado; Lynnwood, Washington; and Fairfax, Virginia. The company was founded in 2005 and is headquartered in Los Angeles, California.

Company Details

SectorFinancial Services
IndustryBanks - Regional
CEOMr. Sang Kyo Oh
Employees249
Headquarters1000 Wilshire Boulevard, Los Angeles, CA, United States, 90017, USA
Websitehttps://www.myopenbank.com

Leadership

Mr. Sang Kyo OhPresident, CEO & Director · b. 1972
Ms. Christine Yoon OhEVP & Chief Operating Officer · b. 1967
Mr. Jimmy M. BangEVP & Chief Lending Officer · b. 1973
Mr. Jaehyun ParkExecutive VP, CFO, CAO & Secretary · b. 1972
Mr. Wesley WonEVP & Chief Technology Officer · b. 1972
Mr. Jae H. ParkEVP & Chief Risk Officer · b. 1979
Mr. Yeong Gwon PakEVP & Chief Credit Officer · b. 1971

Financials

Income Statement

Currency: USD	2005-12-31	2006-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	1.10M	5.32M	13.75M	18.04M	26.75M	33.17M	40.71M	49.27M	59.40M	70.20M	64.43M	80.17M	105.83M	135.85M	154.05M	166.66M
Growth (%)	-	+383.20%	+158.45%	+31.18%	+48.33%	+23.99%	+22.72%	+21.03%	+20.56%	+18.20%	-8.23%	+24.44%	+32.00%	+28.36%	+13.40%	+8.19%
Cost of Revenue	1.29M	6.34M	3.04M	2.49M	2.54M	3.24M	5.05M	5.88M	10.38M	15.61M	14.25M	3.65M	14.28M	54.63M	74.77M	75.56M
Gross Profit	1.10M	5.32M	10.71M	15.54M	24.21M	29.93M	35.66M	43.38M	49.02M	54.60M	50.17M	76.52M	91.55M	81.22M	79.28M	91.10M
Gross Margin	100.00%	100.00%	77.90%	86.17%	90.51%	90.23%	87.59%	88.06%	82.53%	77.77%	77.88%	95.44%	86.51%	59.79%	51.46%	54.66%
Operating Expense	3.39M	2.48M	8.50M	12.13M	16.60M	19.79M	23.34M	26.26M	29.56M	32.52M	31.94M	35.87M	44.83M	47.73M	50.20M	55.77M
Operating Income	-2.29M	2.84M	2.21M	3.41M	7.62M	10.13M	12.32M	17.13M	19.46M	22.08M	18.23M	40.66M	46.72M	33.49M	29.08M	35.33M
Operating Margin	-208.27%	53.40%	16.08%	18.90%	28.48%	30.55%	30.26%	34.76%	32.76%	31.45%	28.30%	50.71%	44.15%	24.65%	18.88%	21.20%
EBITDA	-2.29M	2.84M	2.34M	3.74M	8.35M	11.07M	13.40M	18.14M	20.50M	23.22M	19.54M	41.97M	48.09M	34.83M	30.44M	42.59M
EBITDA Margin	-208.27%	53.40%	17.01%	20.75%	31.21%	33.38%	32.93%	36.81%	34.51%	33.08%	30.32%	52.35%	45.44%	25.64%	19.76%	25.56%
Net Income	-3.01M	-1.81M	6.19M	4.95M	4.48M	5.96M	7.42M	9.24M	14.25M	16.76M	13.13M	28.84M	33.31M	23.92M	21.07M	25.66M
Net Income Margin	-273.66%	-34.02%	45.06%	27.46%	16.76%	17.98%	18.24%	18.75%	24.00%	23.87%	20.37%	35.97%	31.47%	17.61%	13.68%	15.39%
Interest Expense	719.00K	4.65M	765.86K	1.12M	1.54M	2.69M	3.37M	4.57M	9.11M	14.51M	8.29M	3.13M	11.30M	52.98M	72.01M	71.98M
Interest Expense % of Total Revenue	65.30%	87.42%	5.57%	6.20%	5.75%	8.11%	8.28%	9.28%	15.34%	20.66%	12.87%	3.91%	10.68%	39.00%	46.75%	43.19%

Balance Sheet

Currency: USD	2005-12-31	2006-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	100.83M	161.15M	206.14M	342.28M	528.19M	617.35M	761.25M	901.00M	1.04B	1.18B	1.37B	1.73B	2.09B	2.15B	2.37B	2.65B
Total Liabilities	81.96M	143.99M	180.25M	311.09M	462.75M	544.87M	679.97M	809.52M	914.40M	1.04B	1.22B	1.56B	1.92B	1.96B	2.16B	2.42B
Total Equity	18.86M	17.16M	25.89M	31.19M	65.44M	72.48M	81.28M	91.48M	129.79M	140.58M	143.37M	165.22M	176.92M	192.63M	204.99M	227.89M
Cash	11.41M	2.56M	25.15M	18.51M	64.75M	37.40M	20.13M	63.25M	77.73M	86.04M	106.31M	115.46M	82.97M	91.31M	135.04M	434.00M
Total Debt	-	-	10.00M	-	30.00M	20.00M	10.00M	50.00M	-	10.13M	13.43M	10.31M	10.21M	114.34M	102.86M	121.94M
Net Debt	-11.41M	-2.56M	-15.15M	-18.51M	-34.75M	-17.40M	-10.13M	-13.25M	-77.73M	-75.91M	-92.88M	-105.15M	-72.76M	23.03M	-32.19M	-312.06M

Cash Flow

Currency: USD	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-3.63M	-2.90M	24.87M	8.95M	10.58M	-2.15M	30.61M	18.16M	-4.96M	-28.28M	83.73M	67.84M	31.34M	26.16M
Investing Cash Flow	-48.53M	-134.04M	-156.17M	-117.85M	-160.07M	-81.68M	-146.28M	-118.03M	-147.07M	-286.04M	-461.78M	-75.97M	-187.42M	-243.01M
Financing Cash Flow	57.71M	130.31M	177.53M	81.55M	132.22M	126.95M	130.15M	107.56M	172.39M	323.47M	345.56M	16.37M	199.80M	249.22M
Capital Expenditure	917.78K	2.36M	2.54M	1.88M	259.00K	421.00K	1.20M	1.74M	619.00K	1.13M	1.41M	2.18M	1.56M	2.80M
Free Cash Flow	-4.55M	-5.26M	22.34M	7.07M	10.32M	-2.57M	29.41M	16.42M	-5.58M	-29.40M	82.32M	65.66M	29.78M	23.36M
Dividends Paid	-	-	-	-	3.15M	3.15M	3.15M	3.15M	4.26M	5.13M	6.68M	7.27M	7.14M	7.13M
FCF to OCF	125.28%	181.41%	89.80%	79.00%	97.55%	119.61%	96.10%	90.43%	112.49%	103.98%	98.31%	96.78%	95.02%	89.29%
Dividend Paid to FCF	-	-	-	-	30.52%	-122.70%	10.71%	19.19%	-76.45%	-17.45%	8.11%	11.07%	23.98%	30.54%

Earnings

Report Date	Oct 27, 2016	Apr 25, 2017	Jul 26, 2017	Oct 25, 2017	Jan 30, 2018	Apr 26, 2018	Jul 26, 2018	Oct 25, 2018	Jan 25, 2019	Apr 26, 2019	Jul 25, 2019	Oct 24, 2019	Jan 23, 2020	Apr 23, 2020	Jul 23, 2020	Oct 22, 2020	Jan 28, 2021	Apr 22, 2021	Jul 22, 2021	Oct 28, 2021	Jan 27, 2022	Apr 28, 2022	Jul 28, 2022	Oct 27, 2022	Jan 26, 2023	Apr 27, 2023	Jul 27, 2023	Oct 26, 2023	Jan 25, 2024	Apr 25, 2024	Jul 25, 2024	Oct 24, 2024	Jan 23, 2025	Apr 24, 2025	Jul 24, 2025	Oct 23, 2025	Jan 22, 2026	Apr 23, 2026	Jul 23, 2026	Oct 22, 2026
EPS Estimate	0.00	-	-	-	-	0.24	0.22	0.23	0.22	0.21	0.24	0.24	0.24	0.20	0.13	0.19	0.24	0.26	0.29	0.41	0.52	0.52	0.56	0.57	0.57	0.44	0.38	0.38	0.36	0.28	0.30	0.32	0.34	0.32	0.38	0.44	0.49	0.41	0.46	0.53
EPS Actual	0.13	0.13	0.15	0.17	0.23	0.22	0.23	0.21	0.23	0.23	0.23	0.24	0.26	0.21	0.16	0.23	0.25	0.33	0.42	0.54	0.59	0.53	0.54	0.55	0.51	0.48	0.39	0.33	0.34	0.34	0.36	0.36	0.33	0.37	0.42	0.45	0.47	0.48	0.53	-
Surprise	-	-	-	-	-	-8.33%	4.55%	-8.70%	4.55%	9.52%	-4.17%	0.00%	8.33%	5.00%	23.08%	21.05%	4.17%	26.92%	44.83%	31.71%	13.46%	1.92%	-3.57%	-3.51%	-10.53%	9.09%	2.63%	-13.16%	-5.56%	21.43%	20.00%	12.50%	-2.94%	15.63%	10.53%	2.27%	-4.08%	17.07%	15.22%	-
Timing	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	After-hours	After-hours	After-hours	Pre-market	Pre-market	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours	After-hours

Key Statistics & Ratios

Market Cap227.13M

Enterprise Value161.66M

Trailing P/E7.80

Forward P/E9.01

PEG Ratio0.97

Price / Sales2.34

Price / Book0.93

EPS1.95

Book Value15.99

Revenue (TTM)97.13M

Gross Profit (TTM)97.13M

Profit Margin29.81%

Operating Margin47.32%

Return on Equity12.80%

Return on Assets1.09%

Shares Outstanding14.93M

Shares Float11.85M

Beta0.58

Dividend Yield3.69%

Dividend Rate0.56

Payout Ratio26.94%

Analyst Ratings

Buy

Based on 2 analystsTarget 17.75

Strong Buy
1
Hold
1

Ownership Breakdown

Institutions: 76.56%
Insiders: 20.15%
Retail / Other: 3.29%

Top Institutional Holders

DIVERSIFY WEALTH MANAGEMENT, LLC
1.84M12.30%
BlackRock Inc
744.96K4.99%
Dimensional Fund Advisors, Inc.
678.64K4.54%
AllianceBernstein L.P.
649.75K4.35%
Manufacturers Life Insurance Co
567.09K3.80%
Vanguard Capital Management, LLC
559.26K3.75%
Maltese Capital Management LLC
273.97K1.83%
Gator Capital Management, LLC
270.88K1.81%
Geode Capital Management, LLC
266.75K1.79%
Truffle Hound Capital, LLC
260.00K1.74%
Acadian Asset Management LLC
255.38K1.71%
Bridgeway Capital Management, LLC
189.39K1.27%
Arrowstreet Capital Limited Partnership
155.59K1.04%
Connor Clark & Lunn Inv Mgmt Ltd
150.77K1.01%
State Street Corp
149.53K1.00%

Top Fund Holders

Vanguard MStar Total Stk Mkt Idx Invest
378.24K2.53%
iShares Russell 2000 ETF
339.22K2.27%
JHancock Regional Bank A
337.30K2.26%
JH Financial Opportunities
182.41K1.22%
DFA US Small Cap Value I
172.73K1.16%

Dividends

20264×

0.14Nov 5, 20260.14Aug 6, 20260.14May 7, 20260.12Feb 5, 2026

20254×

0.12Nov 6, 20250.12Aug 7, 20250.12May 8, 20250.12Feb 6, 2025

20244×

0.12Nov 7, 20240.12Aug 8, 20240.12May 8, 20240.12Feb 7, 2024

20234×

0.12Nov 8, 20230.12Aug 9, 20230.12May 10, 20230.12Feb 8, 2023

20224×

0.12Nov 9, 20220.12Aug 10, 20220.10May 11, 20220.10Feb 9, 2022

20214×

0.10Nov 9, 20210.10Aug 4, 20210.07May 5, 20210.07Feb 10, 2021