OP Bancorp
For the period ended Jul 25, 2024. Filed Jul 25, 2024.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Jul 25, 2024 · Filed Jul 25, 2024
Contents
EX-99.1 · •Capital Levels:
Capital Levels:
Remained well-capitalized with a Common Equity Tier 1 (“CET1”) ratio of 12.01%
Book value per common share increased to $13.22, compared to $13.00
Repurchased 224,321 shares of common stock at an average price of $9.64 per share
Paid quarterly cash dividend of $0.12 per share for the periods
(1) Annualized.
(2) Includes loans held for sale.
(3) Includes special mention, substandard, doubtful, and loss categories.
LOS ANGELES, July 25, 2024 — OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), today reported its financial results for the second quarter of 2024. Net income for the second quarter of 2024 was $5.4 million, or $0.36 per diluted common share, compared with $5.2 million, or $0.34 per diluted common share, for the first quarter of 2024, and $6.1 million, or $0.39 per diluted common share, for the second quarter of 2023.
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