OP Bancorp (OPBK)

OP Bancorp Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	124.36	110.46	82.86	62.45	51.83
Interest Income on Investments	13.26	11.2	5.35	1.71	1.83
Total Interest Income	137.62	121.67	88.21	64.16	53.66
Interest Paid on Deposits	68.12	49.44	11.21	3.13	8.29
Interest Paid on Borrowings	3.89	3.54	0.09	-	-
Total Interest Expense	72.01	52.98	11.3	3.13	8.29
Net Interest Income	65.61	68.69	76.91	61.03	45.36
Net Interest Income Growth (YoY)	-4.48%	-10.69%	26.03%	34.52%	2.47%
Gain (Loss) on Sale of Investments	-	-	-	-	0.08
Other Non-Interest Income	4.85	4.17	4.09	3.25	3.17
Total Non-Interest Income	16.43	14.18	17.62	16.02	10.77
Non-Interest Income Growth (YoY)	15.84%	-19.51%	10.00%	48.70%	5.33%
Revenues Before Loan Losses	82.04	82.87	94.53	77.04	56.14
Provision for Loan Losses	2.76	1.65	2.98	0.52	5.96
Revenue	79.28	81.22	91.55	76.52	50.17
Revenue Growth (YoY)	-2.39%	-11.29%	19.65%	52.51%	-6.03%
Salaries and Employee Benefits	31.72	28.3	26.01	20.7	18.94
Occupancy Expenses	6.67	3.37	3.06	2.61	2.47
Federal Deposit Insurance	1.67	1.46	0.81	0.58	0.45
Selling, General & Administrative	4.95	9.4	9.01	7.63	7.55
Other Non-Interest Expense	3.08	2.81	2.54	1.46	1.19
Total Non-Interest Expense	50.2	47.73	44.83	35.87	31.94
EBT Excluding Unusual Items	29.08	33.49	46.72	40.66	18.23
Pretax Income	29.08	33.49	46.72	40.66	18.23
Income Tax Expense	8.01	9.57	13.41	11.82	5.11
Net Income	21.07	23.92	33.31	28.84	13.13
Preferred Dividends & Other Adjustments	-	0.48	0.7	0.33	0.2
Net Income to Common	21.07	23.44	32.61	28.51	12.93
Net Income Growth	-11.91%	-28.20%	15.50%	119.70%	-21.66%
Basic Shares Outstanding	15	15	15	15	15
Diluted Shares Outstanding	15	15	15	15	15
Shares Change (YoY)	-1.89%	-0.48%	0.50%	-0.45%	-4.46%
EPS (Basic)	1.42	1.55	2.15	1.89	0.85
EPS (Diluted)	1.39	1.55	2.14	1.88	0.85
EPS Growth	-10.17%	-27.69%	13.83%	121.18%	-17.48%
Dividend Per Share	0.480	0.480	0.440	0.340	0.280
Dividend Growth	-	9.09%	29.41%	21.43%	40.00%
Effective Tax Rate	27.55%	28.58%	28.71%	29.06%	28.01%

Updated Jan 23, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q