OP Bancorp
Runs Open Bank for community deposits and CRE, SBA, C&I, and mortgage lending.
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Profile
Operates through Open Bank, a Los Angeles-based community bank serving small and medium-sized businesses, professionals, and retail customers, with emphasis on Korean and other ethnic-minority communities. Lending centers on CRE, SBA, C&I, and home mortgages, funded by deposits and reported as a single consolidated segment.
Conducts substantially all business through Open Bank, an FDIC-insured, state-chartered commercial bank based in Los Angeles. The franchise serves small and medium-sized businesses, professionals, and retail customers, with a documented emphasis on Korean and other ethnic-minority communities.
The banking mix combines deposit accounts with commercial real estate, SBA, commercial and industrial, home-mortgage, and smaller consumer lending. Its physical footprint spans branches and loan-production offices across California and several other U.S. states.
Execution depends on relationship banking in targeted communities, deposit funding, and a loan-led balance sheet. Financial reporting is managed as a single consolidated operating segment, so product mix matters more than formal segment separation.
Company facts
Categories
Key statistics
Year to date +8.2% · Average volume (30d) 54.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 28, 2026 | DA Davidson | Reiterate | Buy | $17 | $18 |
| Oct 28, 2025 | DA Davidson | Reiterate | Buy | $16.50 | $17 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 23, 2026Q2 FY26 | $0.45 | $0.53 | +19.1% | $25.2M | $25.7M | +2.3% | +5.88% |
| Apr 23, 2026Q1 FY26 | $0.41 | $0.48 | +17.1% | $24.5M | $24.6M | +0.2% | +1.70% |
| Jan 22, 2026Q4 FY25 | $0.52 | $0.47 | −9.6% | $24.9M | $24.3M | −2.3% | −5.95% |
| Oct 23, 2025Q3 FY25 | $0.44 | $0.45 | +2.3% | $24.6M | $24.5M | −0.3% | +1.87% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $39.7M | $41.6M | $42.7M | $42.7M | $42.6M | $43.8M | |
| Gross profit | $21.5M | $22.5M | $23.3M | $23.8M | $24.1M | $25.9M | |
| Operating income | $7.7M | $8.4M | $9.7M | $9.5M | $9.9M | $11.0M | |
| Net income | $5.6M | $6.3M | $6.7M | $7.1M | $7.2M | $8.0M | |
| Diluted EPS | $0.37 | $0.42 | $0.45 | $0.47 | $0.48 | $0.53 | |
| Gross margin | 54.2% | 54.0% | 54.6% | 55.8% | 56.7% | 59.0% | |
| Operating margin | 19.4% | 20.3% | 22.7% | 22.3% | 23.3% | 25.2% |
Fiscal years (4-quarter sums)FY21 $80.2M · FY22 $105.8M · FY23 $135.8M · FY24 $154.0M · FY25 $166.7M
Balance sheet, Jun 30, 2026Cash & short-term investments $224.3M · Total debt $109.5M · Total assets $2.74B · Shareholders' equity $238.6M
Dividends
Raised for 6 straight years — most recently to $0.14 from $0.12 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 6, 2026 | Aug 6 | Aug 20 | $0.14 | |
| May 7, 2026 | May 7 | May 21 | $0.14 | raised from $0.12 |
| Feb 5, 2026 | Feb 5 | Feb 19 | $0.12 | |
| Nov 6, 2025 | Nov 6 | Nov 20 | $0.12 | |
| Aug 7, 2025 | Aug 7 | Aug 21 | $0.12 | |
| May 8, 2025 | May 8 | May 22 | $0.12 | |
| Feb 6, 2025 | Feb 6 | Feb 20 | $0.12 | |
| Nov 7, 2024 | Nov 7 | Nov 21 | $0.12 |
Ownership
Shares outstanding 14.89M · Float 11.85M · 79.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Diversify Wealth Management, LLC | 1.84M | 12.33% | 13F | May 1, 2026 |
| Brian Choi · director | 1.31M | 8.78% | Form 4 | Jun 27, 2025 |
| BlackRock, Inc. | 825.5K | 5.50% | 13G | Jul 29, 2026 |
| AllianceBernstein L.P. | 649.8K | 4.36% | 13F | May 15, 2026 |
| Dimensional Fund Advisors LP | 636.1K | 4.27% | 13F | May 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 12, 2026 | Christine Yoon Oh | officer: Chief Operating Officer | −1,549 | $14.20 |
| Jun 11, 2026 | Christine Yoon Oh | officer: Chief Operating Officer | −8,251 | $14.08 |
| Jun 10, 2026 | Christine Yoon Oh | officer: Chief Operating Officer | −12,018 | $14.29 |
| Mar 12, 2026 | Jaehyun Park | officer: Chief Financial Officer | −958 | $12.91 |
Peers
- Bank of Hope
Largest Korean-American bank and broadest direct community-bank peer
- Hanmi Financial
Second-largest Korean-American bank with close loan and deposit overlap
- PCB
Close Los Angeles Korean-American community-bank and SBA peer
- RBB
Asian-American community bank overlapping in SoCal CRE and business loans
- Cathay General Bancorp
Large Asian-American bank overlapping in CRE, SBA, mortgages, and deposits
- Preferred Bank
Los Angeles commercial bank overlapping in CRE, C&I, deposits, and trade
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| OP Bancorp | $15.13 | 0.00% | $225.3M | 7.8 | 7.5 | 1.3 | +8.6% |
| Bank of Hope | $13.92 | 0.00% | $1.78B | 13.9 | 10.7 | 1.8 | +56.3% |
| Hanmi Financial | $31.14 | +0.06% | $926.9M | 10.5 | 9.6 | 2.4 | +10.1% |
| PCB | $27.49 | −0.25% | $391.3M | 9.5 | 9.4 | 1.8 | +4.8% |
| RBB | $26.28 | +0.06% | $445.0M | 10.8 | 11.1 | 1.8 | −7.6% |
| Cathay General Bancorp | $61.87 | +0.03% | $4.15B | 12.1 | 10.8 | 3.0 | +12.5% |
| Preferred Bank | $103.53 | +0.15% | $1.23B | 9.5 | 9.6 | 2.4 | +4.0% |
| Median | 10.6 | 10.2 | 2.1 | +7.4% |