OP Bancorp

NasdaqGM:OPBK 株式レポート

時価総額：US$208.7m

OP Bancorp マネジメント

マネジメント 基準チェック /14

OP Bancorpの CEO はSang Kyo Ohで、 Jul2025年に任命され、 の在任期間は 1 年未満です。 の年間総報酬は$ 1.16Mで、 29.3%給与と70.7%のボーナス（会社の株式とオプションを含む）で構成されています。 は、会社の株式の0.24%を直接所有しており、その価値は$ 504.35K 。経営陣と取締役会の平均在任期間はそれぞれ1.2年と2.4年です。

主要情報

Sang Kyo Oh

最高経営責任者

US$1.2m

報酬総額

CEO給与比率29.35%
CEO在任期間less than a year
CEOの所有権0.2%
経営陣の平均在職期間1.2yrs
取締役会の平均在任期間2.4yrs

経営陣の近況

Recent updates

分析記事 • Jan 27

OP Bancorp (NASDAQ:OPBK) Is Paying Out A Dividend Of $0.12

OP Bancorp's ( NASDAQ:OPBK ) investors are due to receive a payment of $0.12 per share on 19th of February. This means...
Seeking Alpha • Jan 23

OP Bancorp: No Cause For Concern

Summary OP Bancorp posted strong Q4 results, with revenues up 14% year-over-year and EPS beating consensus expectations. I maintain a neutral rating on OPBK, citing stable operations, slow loan growth, and a 3.5% dividend yield. Net interest margin remained flat at 3.25%, though lower than historical levels, and asset quality trends warrant monitoring. Efficiency ratio and return metrics improved year-over-year, while deposits and loans showed steady, healthy growth. Read the full article on Seeking Alpha
分析記事 • Oct 28

OP Bancorp (NASDAQ:OPBK) Has Affirmed Its Dividend Of $0.12

The board of OP Bancorp ( NASDAQ:OPBK ) has announced that it will pay a dividend of $0.12 per share on the 20th of...
分析記事 • Aug 01

OP Bancorp's (NASDAQ:OPBK) Dividend Will Be $0.12

The board of OP Bancorp ( NASDAQ:OPBK ) has announced that it will pay a dividend on the 21st of August, with investors...
分析記事 • Jan 27

OP Bancorp (NASDAQ:OPBK) Has Affirmed Its Dividend Of $0.12

The board of OP Bancorp ( NASDAQ:OPBK ) has announced that it will pay a dividend on the 20th of February, with...
分析記事 • Oct 29

OP Bancorp (NASDAQ:OPBK) Is Paying Out A Dividend Of $0.12

OP Bancorp ( NASDAQ:OPBK ) has announced that it will pay a dividend of $0.12 per share on the 21st of November. This...
分析記事 • Jul 30

OP Bancorp (NASDAQ:OPBK) Is Due To Pay A Dividend Of $0.12

OP Bancorp ( NASDAQ:OPBK ) will pay a dividend of $0.12 on the 22nd of August. This means the dividend yield will be...
分析記事 • Apr 30

OP Bancorp (NASDAQ:OPBK) Is Paying Out A Dividend Of $0.12

OP Bancorp ( NASDAQ:OPBK ) will pay a dividend of $0.12 on the 23rd of May. The dividend yield will be 5.2% based on...
分析記事 • Jan 29

OP Bancorp (NASDAQ:OPBK) Is Due To Pay A Dividend Of $0.12

The board of OP Bancorp ( NASDAQ:OPBK ) has announced that it will pay a dividend of $0.12 per share on the 22nd of...
分析記事 • Aug 01

OP Bancorp (NASDAQ:OPBK) Will Pay A Dividend Of $0.12

OP Bancorp ( NASDAQ:OPBK ) will pay a dividend of $0.12 on the 24th of August. Based on this payment, the dividend...
分析記事 • Mar 14

With EPS Growth And More, OP Bancorp (NASDAQ:OPBK) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Seeking Alpha • Sep 30

OP Bancorp: Californian Economy, Interest Rates To Drive Earnings

Summary Loan growth will likely slow down from the first half’s level. However, strong regional markets will keep loan growth at a moderate level. The margin is moderately rate sensitive. The December 2022 target price suggests a high upside from the current market price. Further, OPBK is offering a good dividend yield. Earnings of OP Bancorp (OPBK) will likely increase this year thanks to moderate loan growth, which will, in turn, be driven by strong regional economies. Further, the margin will benefit from rising interest rates. Overall, I'm expecting OP Bancorp to report earnings of $2.25 per share for 2022, up 19% year-over-year. Compared to my last report on the company, I've barely changed my earnings estimate. For 2023, I'm expecting OP Bancorp to report earnings of $2.39 per share, up 6% year-over-year. The year-end target price suggests a high upside from the current market price. Therefore, I'm maintaining a buy rating on OP Bancorp. California’s Economic Factors to Sustain Loan Growth OP Bancorp’s loan growth slowed to 3.9% in the second quarter from 8.8% in the first quarter of 2022. Going forward, loan growth will likely decelerate even further as the increasing interest rates will tone down credit demand. On the plus side, regional economic strength will likely continue to support loan growth. OP Bancorp mostly operates in California, with a concentration in Los Angeles. The company also has some presence in Atlanta GA, Aurora CO, Lynnwood WA, Seattle WA, and Carrollton TX. OP Bancorp focuses on Korean Americans, but it's not limited to them alone. The coincident economic activity index for California paints a promising picture, which should keep loan growth elevated in that region. Federal Reserve Bank of Philadelphia Further, the unemployment rate for the state has improved considerably, as shown below. Data by YCharts Considering these factors, I'm expecting the loan portfolio to grow by 3% every quarter till the end of 2023. This will lead to loan growth of 19.9% for 2022. In my last report on OP Bancorp, I projected a loan growth of 18.9% for 2022. I’ve slightly increased my loan growth estimate because the second quarter’s performance beat my previous expectation. Meanwhile, I'm expecting deposits and other balance sheet items to grow somewhat in line with loans. The following table shows my balance sheet estimates. FY18 FY19 FY20 FY21 FY22E FY23E Financial Position Net Loans 865 980 1,084 1,298 1,556 1,752 Growth of Net Loans 17.1% 13.2% 10.6% 19.7% 19.9% 12.6% Other Earning Assets 63 68 129 251 270 292 Deposits 905 1,021 1,200 1,534 1,848 2,080 Borrowings and Sub-Debt - 10 13 10 10 11 Common equity 130 141 143 165 184 215 Tangible BVPS ($) 8.3 8.8 9.4 10.9 12.1 14.1 Source: SEC Filings, Author's Estimates (In USD million unless otherwise specified) Loan and Deposit Mixes Make the Margin Moderately Rate Sensitive The average loan yield is moderately rate-sensitive thanks to the presence of variable-rate loans, which make up 36.9% of total loans, as mentioned in the latest earnings presentation. Further, hybrid loans totaling $23 million will reprice within one year, representing 2% of total loans. The deposit cost, on the other hand, will be somewhat sticky as around 47% of the deposit book comprised of non-interest-bearing deposits at the end of June 2022. However, money market and other interest-bearing deposits that reprice frequently made up 30% of total deposits. These quick-to-reprice deposits will let the average deposit cost rise as interest rates increase. Additionally, certificates of deposits totaling around $160 million will mature in the third quarter and around $59 million will mature in the fourth quarter of 2022, altogether representing 13% of total deposits. The results of the management's interest rate sensitivity analysis given in the 10-Q filing showed that a 200-basis points hike in interest rates could increase the non-interest income by 5.46% over twelve months. 2Q 2022 10-Q Filing Historically as well, the margin has been only slightly rate-sensitive. 2Q 2022 Earnings Presentation Considering these factors, I'm expecting the margin to grow by 20 basis points in the second half of 2022 and by 5 basis points in 2023. Compared to my last report on OP Bancorp, I’ve slightly increased my margin estimate as my interest rate outlook is now more hawkish than before. Expecting Earnings to Grow by 19% The anticipated loan growth and margin expansion will be the key drivers of earnings in the next year and a half. On the other hand, growth in non-interest expenses will restrict the increase in earnings. OP Bancorp reported a surge of 19% in non-interest expenses during the second quarter, which exceeded my expectations. Going forward, non-interest expenses will likely remain elevated due to the impact of inflation on salary expenses. Additionally, the low unemployment rate is already leading to wage pressure as OP Bancorp cannot afford to lose its employees in the current market. Meanwhile, the provisioning will likely remain at a normal level through the end of 2023. Non-performing loans were 0.15% of total loans, while allowances were 1.19% of total loans at the end of June 2022. This allowance coverage appears somewhat excessive; therefore, I'm not expecting economic headwinds, including high inflation, to lead to higher provisioning in future quarters. I'm expecting the net provision expenses to make up around 0.21% of total loans every quarter till the end of 2023, which is the same as the average for the last five years. Overall, I'm expecting OP Bancorp to report earnings of $2.25 per share for 2022, up 19% year-over-year. Further, I'm expecting the company to report earnings of $2.39 per share for 2023, up 6% year-over-year. The following table shows my income statement estimates. FY18 FY19 FY20 FY21 FY22E FY23E Income Statement Net interest income 41 44 45 61 78 92 Provision for loan losses 1 1 6 1 3 4 Non-interest income 9 11 11 16 19 18 Non-interest expense 30 33 32 36 45 50 Net income - Common Sh. 14 16 13 29 34 36 EPS - Diluted ($) 0.89 1.03 0.85 1.88 2.25 2.39 Source: SEC Filings, Earnings Releases, Author's Estimates (In USD million unless otherwise specified) Although I have increased my net interest income estimate, my updated full-year earnings estimate for 2022 is lower than my previous estimate of $2.28 per share given in my last report on the company. My earnings estimate has slightly declined because of the substantial jump in non-interest expenses.
分析記事 • Aug 02

OP Bancorp (NASDAQ:OPBK) Is Increasing Its Dividend To $0.12

The board of OP Bancorp ( NASDAQ:OPBK ) has announced that it will be paying its dividend of $0.12 on the 25th of...
Seeking Alpha • Jul 28

OP Bancorp raises dividend by 20% to $0.12

OP Bancorp  (NASDAQ:OPBK) declares $0.12/share quarterly dividend, 20% increase from prior dividend of $0.10. Forward yield 4.4% Payable Aug. 25; for shareholders of record Aug. 11; ex-div Aug. 10. See OPBK Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jul 16

OP Bancorp: Strong Loan Growth To Drive Earnings This Year

After remarkable loan growth during the first quarter of the year, loan growth will likely decelerate but remain quite decent for the remainder of 2022. Thanks to the large balances of variable-rate loans and non-interest-bearing deposits, the net interest income is quite sensitive to interest rate changes. Provisioning will likely remain slightly above normal due to approaching economic headwinds. The December 2022 target price suggests a high upside from the current market price. Further, OPBK is offering a decent dividend yield. Earnings of OP Bancorp (OPBK) will likely surge this year on the back of remarkable loan growth. Regional economic factors will likely boost loan portfolio size this year. Further, the rate-sensitive loan portfolio will ensure that earnings benefit from a rising interest-rate environment. On the other hand, slightly higher-than-average provision expenses will likely restrict earnings growth. Overall, I'm expecting OP Bancorp to report earnings of $2.28 per share for 2022, up 21% year-over-year. The year-end target price suggests a high upside from the current market price. Therefore, I'm adopting a buy rating on OP Bancorp. Loan Growth to Decelerate but Remain Satisfactory OP Bancorp’s loan portfolio grew by an astounding 8.8% during the first quarter of 2022, or 35% annualized. Such high loan growth is unsustainable; therefore, the growth rate will likely naturally decelerate for the second and third quarters of the year. Nevertheless, loan growth will remain at a decent level thanks to regional economic factors. OP Bancorp’s loan portfolio is heavy on commercial and small business loans. Further, the portfolio is geographically concentrated in California. Therefore, the California Coincident Index of the Federal Reserve Bank of Philadelphia is a good indicator of economic activity, and consequently the credit demand for the near future. As shown below, the index’s upward trajectory is somewhat steep. Data by YCharts However, high interest rates are likely to take a toll on credit demand during the back half of the year. The Federal Reserve’s projections suggest that interest rates will peak in late 2022 or 2023 before trending downwards. As a result, it would make sense for commercial borrowers to delay their borrowing for capital expenditure by a few quarters. As a result, loan growth will likely slow down by the end of 2022 before picking up pace again next year. Overall, I'm expecting the loan portfolio to increase by 18.9% by the end of 2022 from the end of 2021. Meanwhile, I'm expecting other balance sheet items to grow more or less in line with loans for the last three quarters of the year. The following table shows my balance sheet estimates. FY18 FY19 FY20 FY21 FY22E Financial Position Net Loans 865 980 1,084 1,298 1,543 Growth of Net Loans 17.1% 13.2% 10.6% 19.7% 18.9% Other Earning Assets 63 68 129 251 282 Deposits 905 1,021 1,200 1,534 1,827 Borrowings and Sub-Debt - 10 13 10 11 Common equity 130 141 143 165 188 Tangible BVPS ($) 8.3 8.8 9.4 10.9 12.3 Source: SEC Filings, Author's Estimates (In USD million unless otherwise specified) Loan and Deposit Mixes are Well-Positioned for Rate Hikes OP Bancorp’s loan portfolio is quite rate-sensitive because variable-rate loans made up 41.1% of total loans at the end of March 2022, as mentioned in the earnings presentation. Further, $40 million of hybrid loans, representing 3% of total loans, will re-price within one year. Additionally, the large balance of non-interest-bearing deposits will hold back the average deposit cost as rates rise. Non-interest-bearing deposits made up a whopping 50.7% of total deposits at the end of March 2022. Money-market and other deposits that will reprice quickly after every rate hike made up a much lower 27% of total deposits at the end of March 2022. The management’s interest-rate sensitivity analysis given in the 10-Q filing shows that a 200-basis points increase in interest rates can boost the net interest income by 10.94% over twelve months. 1Q 2022 10-Q Filing The above analysis assumes an immediate hike in interest rates. In reality, the rate hikes have been gradual this year. Therefore, the impact on net interest income will be less than 10.94%. Considering these factors, I'm expecting the margin to increase by 14 basis points in the last three quarters of 2022 from 4.12% in the first quarter of the year. Higher Interest Rates, Threats of a Recession to Keep Provisioning Slightly Above Normal OP Bancorp’s nonperforming loans were well covered at the end of March 2022. Nonperforming loans made up 0.20% of total loans, while allowances made up 1.17% of total loans at the end of the first quarter, as mentioned in the presentation. Due to the significant cushion, I'm not too concerned that high interest rates and threats of a recession will push up provisioning costs by a large amount. In my opinion, provisioning will likely be only slightly above normal for the remainder of this year. The significant loan additions will likely further boost provisioning for expected loan losses. Overall, I'm expecting OP Bancorp to report a net provision expense of 0.17% of total loans in 2022. In comparison, the net provision expense averaged 0.15% of total loans from 2017 to 2019. Expecting Earnings to Grow by 21% The significant loan additions in 2022 will likely be the biggest driver of earnings growth. Further, the anticipated margin expansion will lift the bottom line. On the other hand, slightly above normal provision expense will likely constrain earnings growth. Overall, I'm expecting OP Bancorp to report earnings of $2.28 per share for 2022, up 21% year-over-year. The following table shows my income statement estimates. FY18 FY19 FY20 FY21 FY22E Income Statement Net interest income 41 44 45 61 75 Provision for loan losses 1 1 6 1 3 Non-interest income 9 11 11 16 17 Non-interest expense 30 33 32 36 40 Net income - Common Sh. 14 16 13 29 35 EPS - Diluted ($) 0.89 1.03 0.85 1.88 2.28 Source: SEC Filings, Earnings Releases, Author's Estimates (In USD million unless otherwise specified)
分析記事 • Jun 14

If You Like EPS Growth Then Check Out OP Bancorp (NASDAQ:OPBK) Before It's Too Late

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

CEO報酬分析

OP Bancorp の収益と比較して、Sang Kyo Oh の報酬はどのように変化したか？
日付総報酬給与会社業績
Mar 31 2026n/an/a

US$27m

Dec 31 2025US$1mUS$342k

US$26m

Sep 30 2025n/an/a

US$23m

Jun 30 2025n/an/a

US$22m

Mar 31 2025n/an/a

US$21m

Dec 31 2024US$362kUS$287k

US$21m

Sep 30 2024n/an/a

US$21m

Jun 30 2024n/an/a

US$21m

Mar 31 2024n/an/a

US$21m

Dec 31 2023US$392kUS$276k

US$23m

Sep 30 2023n/an/a

US$26m

Jun 30 2023n/an/a

US$30m

Mar 31 2023n/an/a

US$32m

Dec 31 2022US$382kUS$251k

US$33m

Sep 30 2022n/an/a

US$34m

Jun 30 2022n/an/a

US$33m

Mar 31 2022n/an/a

US$31m

Dec 31 2021US$835kUS$260k

US$29m

Sep 30 2021n/an/a

US$23m

Jun 30 2021n/an/a

US$19m

Mar 31 2021n/an/a

US$15m

Dec 31 2020US$163kUS$41k

US$13m

報酬と市場: Sang Kyoの 総報酬 ($USD 1.16M ) は、 US市場 ($USD 1.74M ) の同様の規模の企業の平均を下回っています。

報酬と収益: Sang Kyoの報酬は過去 1 年間で 20% 以上増加しました。

CEO

Sang Kyo Oh (52 yo)

less than a year
在職期間
US$1,164,923
報酬

Mr. Sang Kyo Oh has been Chief Executive Officer, President & Director at Open Bank since July 2025 and was its Executive Vice President since August 2024 until June 30, 2025. He has been Chief Executive O...

リーダーシップ・チーム

名称ポジション在職期間報酬所有権
Sang Kyo Oh
Presidentless than a yearUS$1.16m0.24%
$ 504.4k
Christine Oh
EVP & Chief Operating Officer1.2yrsUS$502.90k0.94%
$ 2.0m
Jimmy Bang
EVP & Chief Lending Officer1.2yrsUS$451.47kデータなし
Jaehyun Park
Executive VP1.2yrsデータなしデータなし
Wesley Won
EVP & Chief Technology Officer1.2yrsデータなし0.21%
$ 428.9k
Jae Park
EVP & Chief Risk Officer3.9yrsデータなし0.052%
$ 107.8k
Yeong Pak
EVP & Chief Credit Officer1.4yrsデータなし0.0058%
$ 12.2k
1.2yrs
平均在職期間
53yo
平均年齢

経験豊富な経営陣: OPBKの経営陣は 経験豊富 とはみなされません ( 1.2年の平均在職年数)。これは新しいチームを示唆しています。

取締役

名称ポジション在職期間報酬所有権
Sang Kyo Oh
Presidentless than a yearUS$1.16m0.24%
$ 504.4k
Min Kim
Chairman16.1yrsUS$921.09k4.11%
$ 8.6m
Yong Shin
Independent Director10.3yrsUS$90.00k3.34%
$ 7.0m
Brian Choi
Chairman Emeritusless than a yearUS$77.00k8.78%
$ 18.3m
Ki Won Yoon
Directorless than a yearUS$60.00k0.34%
$ 706.2k
Hyung Kim
Independent Director2.9yrsUS$90.00k0.046%
$ 95.7k
Sunny Kwon
Independent Director2.9yrsUS$90.00k0.046%
$ 95.7k
Myung Sohn
Independent Director1.9yrsUS$90.00k0.098%
$ 204.9k
2.4yrs
平均在職期間
64yo
平均年齢

経験豊富なボード: OPBKの 取締役会 は 経験豊富 ではない ( 2.4年の平均在任期間) ため、新しい取締役会が必要であると考えられます。

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/21 23:09
終値2026/05/21 00:00
収益2026/03/31
年間収益2025/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

OP Bancorp 2 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3

アナリスト機関
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