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OP Bancorp

For the period ended Jun 30, 2025. Filed Aug 11, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 11, 2025

OPBK$14.76-0.1%Stored close · as of Nov 6, 2026

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13 — Earnings Per Share

Note 13— Earnings Per Share

Basic EPS is calculated using the two-class method. Under the two-class method, all earnings (distributed and undistributed) are allocated to common stock and participating securities. The Company grants restricted stock awards, which entitle recipients to receive nonforfeitable dividends during the vesting period on a basis equivalent to dividends paid to holders of the Company's common stock. These restricted stock awards meet the definition of participating securities based on their respective rights to receive nonforfeitable dividends, and they are treated as a separate class of securities in computing basic EPS. Participating securities are not included as incremental shares in computing diluted EPS.

Diluted EPS incorporates the potential impact of contingently issuable shares. Diluted EPS is calculated under both the two-class and treasury stock methods, and the more dilutive amount is reported. For each of the periods presented in the table below, diluted EPS calculated under two-class method was more dilutive.

The following table presents the calculation of net income applicable to common stockholders and basic and diluted EPS for the three and six months ended June 30, 2025 and 2024:

Three Months Ended June 30,Six Months Ended June 30,
($ in thousands, except share and per share data)2025202420252024
Basic
Net income$6,333$5,436$11,893$10,662
Distributed and undistributed earnings allocated to participating securities(53)(103)(127)(201)
Net income allocated to common shares$6,280$5,333$11,766$10,461
Weighted average common shares outstanding14,859,71814,868,34414,858,48314,930,090
Basic earnings per common share$0.42$0.36$0.79$0.70
Diluted
Net income allocated to common shares$6,280$5,333$11,766$10,461
Weighted average common shares outstanding for basic earnings per common share14,859,71814,868,34414,858,48314,930,090
Add: Dilutive effects of assumed exercises of stock options (1)————
Average shares and dilutive potential common shares14,859,71814,868,34414,858,48314,930,090
Diluted earnings per common share$0.42$0.36$0.79$0.70

(1)No share of common stock was antidilutive for the three and six months ended June 30, 2025 and 2024.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.