OP Bancorp (OPBK)

OP Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	121.55	110.46	82.86	62.45	51.83	55.72
Interest Income on Investments	12.81	11.2	5.35	1.71	1.83	3.06
Total Interest Income	134.35	121.67	88.21	64.16	53.66	58.78
Interest Paid on Deposits	65.07	49.44	11.21	3.13	8.29	14.51
Interest Paid on Borrowings	4.38	3.54	0.09	-	-	-
Total Interest Expense	69.44	52.98	11.3	3.13	8.29	14.51
Net Interest Income	64.91	68.69	76.91	61.03	45.36	44.27
Net Interest Income Growth (YoY)	-10.66%	-10.69%	26.03%	34.53%	2.47%	8.09%
Gain (Loss) on Sale of Investments	-	-	-	-	0.08	-
Other Non-Interest Income	4.68	4.17	4.09	3.25	3.17	2.31
Total Non-Interest Income	15.69	14.18	17.62	16.02	10.77	10.23
Non-Interest Income Growth (YoY)	14.33%	-19.51%	10.00%	48.70%	5.33%	9.62%
Revenues Before Loan Losses	80.6	82.87	94.53	77.04	56.14	54.5
Provision for Loan Losses	1.84	1.65	2.98	0.52	5.96	1.1
Revenue	78.76	81.22	91.55	76.52	50.17	53.4
Revenue Growth (YoY)	-6.66%	-11.29%	19.65%	52.51%	-6.03%	8.93%
Salaries and Employee Benefits	29.79	28.3	26.01	20.7	18.94	19.66
Occupancy Expenses	3.48	3.37	3.06	2.61	2.47	2.15
Federal Deposit Insurance	1.38	1.46	0.81	0.58	0.45	0.26
Selling, General & Administrative	9.43	9.4	9.01	7.63	7.55	7.33
Other Non-Interest Expense	2.82	2.81	2.54	1.46	1.19	1.54
Total Non-Interest Expense	49.05	47.73	44.83	35.87	31.94	32.52
EBT Excluding Unusual Items	29.71	33.49	46.72	40.66	18.23	20.88
Other Unusual Items	-	-	-	-	-	1.2
Pretax Income	29.71	33.49	46.72	40.66	18.23	22.08
Income Tax Expense	8.44	9.57	13.41	11.82	5.11	5.32
Net Income	21.27	23.92	33.31	28.84	13.13	16.76
Preferred Dividends & Other Adjustments	0.48	0.48	0.7	0.33	0.2	0.38
Net Income to Common	20.79	23.44	32.61	28.51	12.93	16.37
Net Income Growth	-20.56%	-28.20%	15.50%	119.70%	-21.66%	17.57%
Basic Shares Outstanding	15	15	15	15	15	16
Diluted Shares Outstanding	15	15	15	15	15	16
Shares Change (YoY)	-1.67%	-0.48%	0.50%	-0.45%	-4.46%	2.47%
EPS (Basic)	1.39	1.55	2.15	1.89	0.85	1.04
EPS (Diluted)	1.39	1.55	2.14	1.88	0.85	1.03
EPS Growth	-19.38%	-27.69%	13.83%	121.18%	-17.48%	15.73%
Dividend Per Share	0.480	0.480	0.440	0.340	0.280	0.200
Dividend Growth	0%	9.09%	29.41%	21.43%	40.00%	-
Effective Tax Rate	28.41%	28.58%	28.71%	29.06%	28.01%	24.09%

Source: S&P Capital IQ. Banks template. Financial Sources.