Announcement • May 12
OP Bancorp announced delayed 10-Q filing On 05/11/2026, OP Bancorp announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • Apr 24
OP Bancorp Declares Quarterly Cash Dividend, Payable on or About May 21, 2026 OP Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share, representing a 17% increase from the prior quarterly dividend of $0.12 per share, on its common stock. The dividend is payable on or about May 21, 2026 to shareholders of record as of the close of business on May 7, 2026. Announcement • Apr 17
OP Bancorp, Annual General Meeting, May 28, 2026 OP Bancorp, Annual General Meeting, May 28, 2026. Location: 1000 wilshire boulevard, suite 500, california 90017, los angeles United States Announcement • Jan 23
OP Bancorp Declares Quarterly Cash Dividend, Payable on or About February 19, 2026 OP Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about February 19, 2026 to shareholders of record as of the close of business on February 5, 2026. Announcement • Jul 25
OP Bancorp Declares Quarterly Cash Dividend, Payable on or about August 21, 2025 OP Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about August 21, 2025 to all shareholders of record as of the close of business on August 7, 2025. Announcement • Jun 29
Op Bancorp Approves Election of Ki Won Yoon as Director On June 26, 2025, OP Bancorp held its 2025 annual meeting of shareholders and approved election of Ki Won Yoon as Director. Announcement • May 19
OP Bancorp, Annual General Meeting, Jun 26, 2025 OP Bancorp, Annual General Meeting, Jun 26, 2025. Location: 1000 wilshire boulevard, suite 500, california 90017, los angeles United States Announcement • Mar 18
OP Bancorp announced delayed annual 10-K filing On 03/17/2025, OP Bancorp announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Mar 05
OP Bancorp and Open Bank Announce Chief Financial Officer Changes OP Bancorp (the Company), the holding company for Open Bank (the Bank), announced the appointment of Jaehyun Park, age 53, the current Senior Vice President and Controller of the Company and the Bank, to succeed Ms. Christine Oh, age 57, as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of March 3, 2025. Ms. Oh has served as Executive Vice President and Chief Financial Officer of the Bank since July 2010 and of the Company since its formation in March 2016. Ms. Oh has more than 34 years of banking experience. Mr. Park has served his current position since he joined the Bank in June 2014. Prior to joining the Bank, Mr. Park had served various roles in finance areas at Nara Bank (now Bank of Hope), headquartered in Los Angeles, California since April 2005. Mr. Park holds a Bachelor of Science in Economics from Korea University, South Korea, a Master of Science in Finance and a Juris Doctor from Suffolk University in Boston, Massachusetts. Announcement • Mar 04
OP Bancorp and Open Bank Announces Executive Changes OP Bancorp announced that it has appointed Christine Oh, age 57, as Executive Vice President and Chief Operating Officer of the Company and the Bank, effective as of March 3, 2025. Ms. Oh has served as Executive Vice President and Chief Financial Officer of the Bank since July 2010 and of the Company since its formation in March 2016. Ms. Oh has more than 34 years of banking experience. The Company also announced the appointment of Jaehyun Park, age 53, the current Senior Vice President and Controller of the Company and the Bank, to succeed Ms. Oh as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of March 3, 2025. Mr. Park has served his current position since he joined the Bank in June 2014. Prior to joining the Bank, Mr. Park had served various roles in finance areas at Nara Bank (now Bank of Hope), headquartered in Los Angeles, California since April 2005. Mr. Park holds a Bachelor of Science in Economics from Korea University, South Korea, a Master of Science in Finance and a Juris Doctor from Suffolk University in Boston, Massachusetts. Announcement • Dec 14
Op Bancorp and Open Bank Announces Executive Changes OP Bancorp and Open Bank announces that it has appointed Yeong Gwon Pak as the Executive Vice President and Chief Credit Officer of the Company and the Bank, effective December 30, 2024. Mr. Pak will succeed Sang Oh, who currently serves as Chief Credit Officer and who will succeed Ms. Min Kim as the Company’s Chief Executive Officer in accordance with its previously announced succession plans beginning in 2025. Mr. Pak, age 54, previously served as Senior Vice President and District Manager at Bank of Hope from July 2022 until his departure in December 2024. Prior to that he had served in various executive roles at Commonwealth Business Bank since June 2015, including, most recently, as Executive Vice President and Chief Lending Officer from June 2020 to June 2022. Mr. Pak has more than 20 years of banking experience in community banks throughout the greater Los Angeles area, and has a Bachelor of Arts in Molecular and Cellular Biology from the University of California, Berkeley. Declared Dividend • Nov 04
Third quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 7th November 2024 Payment date: 21st November 2024 Dividend yield will be 3.4%, which is lower than the industry average of 4.8%. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (29% forecast payout ratio). The dividend has increased by an average of 16% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 22% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 25
Third quarter 2024 earnings released: EPS: US$0.37 (vs US$0.33 in 3Q 2023) Third quarter 2024 results: EPS: US$0.37 (up from US$0.33 in 3Q 2023). Revenue: US$20.3m (up 9.4% from 3Q 2023). Net income: US$5.44m (up 8.2% from 3Q 2023). Profit margin: 27% (in line with 3Q 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Oct 25
OP Bancorp Declares Cash Dividend, Payable on or about November 21, 2024 On October 24, 2024, OP Bancorp announced that its Board of Directors had declared a cash dividend of $0.12 per common share, payable on or about November 21, 2024, to holders of record as of November 7, 2024. Announcement • Aug 24
OP Bancorp Announces Executive Changes, Effective as of June 30, 2025 OP Bancorp announced a number of expected personnel changes associated with the successful implementation of its leadership succession plan. These changes are to commence immediately and will be completed no later than June 30, 2025. Chief Executive Officer Min Kim has announced her retirement after more than forty years as a banking executive and nearly fifteen years as the President of the Company and the Bank. Ms. Kim’s retirement will be effective as of June 30, 2025. She will continue to serve as a director of the Company and the Bank and, following the Company’s Annual Meeting of Shareholders scheduled to occur in June 2025, she will become the Chair of the Board. In that role, Ms. Kim will succeed retiring Chairman Brian Choi, who will not stand for reelection to the Board at the 2025 Annual Meeting and who will assume the role of Chairman Emeritus. Recent Insider Transactions • Aug 18
Insider recently sold €90k worth of stock On the 15th of August, Ki Won Yoon sold around 8k shares on-market at roughly €11.19 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €44k more than they bought in the last 12 months. Declared Dividend • Aug 05
Second quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 8th August 2024 Payment date: 22nd August 2024 Dividend yield will be 4.2%, which is lower than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 16% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 5.4% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 28
Second quarter 2024 earnings released: EPS: US$0.37 (vs US$0.39 in 2Q 2023) Second quarter 2024 results: EPS: US$0.37 (down from US$0.39 in 2Q 2023). Revenue: US$19.8m (down 5.3% from 2Q 2023). Net income: US$5.44m (down 8.9% from 2Q 2023). Profit margin: 28% (down from 29% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jul 26
OP Bancorp Declares Quarterly Cash Dividend, Payable on or about August 22, 2024 OP Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about August 22, 2024 to all shareholders of record as of the close of business on August 8, 2024. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €10.10, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 42% over the past three years. Announcement • May 19
OP Bancorp, Annual General Meeting, Jun 27, 2024 OP Bancorp, Annual General Meeting, Jun 27, 2024. Location: 1000 wilshire boulevard, suite 500, california 90017, los angeles United States Declared Dividend • May 06
First quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 8th May 2024 Payment date: 23rd May 2024 Dividend yield will be 5.2%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 19% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 2.7% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 27
OP Bancorp Declares Quarterly Cash Dividend, Payable on or About May 23, 2024 OP Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about May 23, 2024 to all shareholders of record as of the close of business on May 9, 2024. New Risk • Apr 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.07% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.07% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$0.35 (vs US$0.48 in 1Q 2023) First quarter 2024 results: EPS: US$0.35 (down from US$0.48 in 1Q 2023). Revenue: US$19.4m (down 14% from 1Q 2023). Net income: US$5.23m (down 29% from 1Q 2023). Profit margin: 27% (down from 33% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: US$1.55 (vs US$2.15 in FY 2022) Full year 2023 results: EPS: US$1.55 (down from US$2.15 in FY 2022). Revenue: US$81.2m (down 11% from FY 2022). Net income: US$23.4m (down 28% from FY 2022). Profit margin: 29% (down from 36% in FY 2022). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.37% (down from 4.18% in FY 2022). Cost-to-income ratio: 57.6% (up from 47.4% in FY 2022). Non-performing loans: 0.34% (up from 0.12% in FY 2022). Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Feb 05
Fourth quarter dividend of US$0.12 announced Shareholders will receive a dividend of US$0.12. Ex-date: 7th February 2024 Payment date: 22nd February 2024 Dividend yield will be 4.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (30% payout ratio) and is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 19% per year over the past 5 years and payments have been stable during that time. EPS is expected to decline by 7.5% over the next 2 years. However, it would need to fall by 66% to increase the payout ratio to a potentially unsustainable range. New Risk • Jan 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.6% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jan 27
Full year 2023 earnings released: EPS: US$1.58 (vs US$2.15 in FY 2022) Full year 2023 results: EPS: US$1.58 (down from US$2.15 in FY 2022). Revenue: US$81.2m (down 11% from FY 2022). Net income: US$23.9m (down 27% from FY 2022). Profit margin: 29% (down from 36% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 18% per year. Announcement • Jan 26
Op Bancorp Declares Quarterly Cash Dividend, Payable on or About February 22, 2024 OP Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about February 22, 2024 to all shareholders of record as of the close of business on February 8, 2024. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €9.85, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 87% over the past three years. Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: US$0.34 (vs US$0.56 in 3Q 2022) Third quarter 2023 results: EPS: US$0.34 (down from US$0.56 in 3Q 2022). Revenue: US$18.6m (down 24% from 3Q 2022). Net income: US$5.12m (down 40% from 3Q 2022). Profit margin: 28% (down from 35% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
OP Bancorp Reports Net Charge Offs for the Third Quarter of 2023 OP Bancorp reported net charge offs for the third quarter of 2023. For the quarter, the company reported Net charge-offs were $488,000 or 0.11% of average loans. Announcement • Oct 27
OP Bancorp Declares Quarterly Cash Dividend, Payable on or About November 23, 2023 OP Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about November 23, 2023 to all shareholders of record as of the close of business on November 9, 2023. New Risk • Aug 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: US$0.40 (vs US$0.55 in 2Q 2022) Second quarter 2023 results: EPS: US$0.40 (down from US$0.55 in 2Q 2022). Revenue: US$20.9m (down 11% from 2Q 2022). Net income: US$6.09m (down 26% from 2Q 2022). Profit margin: 29% (down from 35% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Banks industry in Europe are expected to grow by 4.0%. Announcement • Jul 29
OP Bancorp Reports Net Charge Off for the Second Quarter Ended June 30, 2023 OP Bancorp reported net charge off for the second quarter ended June 30, 2023. For the quarter, the company reported net charge-offs of $12,000. Announcement • Jul 28
OP Bancorp Declares Quarterly Cash Dividend, Payable on or About August 24, 2023 OP Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about August 24, 2023 to all shareholders of record as of the close of business on August 10, 2023. Recent Insider Transactions • Jun 16
Independent Director recently bought €51k worth of stock On the 14th of June, Yong Shin bought around 6k shares on-market at roughly €7.83 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €56k. Insiders have collectively bought €3.3m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 07
Independent Chairman of the Board recently bought €56k worth of stock On the 2nd of June, Brian Choi bought around 7k shares on-market at roughly €7.61 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €279k. Brian has been a buyer over the last 12 months, purchasing a net total of €3.0m worth in shares. Recent Insider Transactions • May 23
Independent Chairman of the Board recently sold €84k worth of stock On the 19th of May, Brian Choi sold around 11k shares on-market at roughly €7.39 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Brian has been a net buyer over the last 12 months, purchasing a net total of €3.0m worth of shares. Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: US$2.15 (vs US$1.89 in FY 2021) Full year 2022 results: EPS: US$2.15 (up from US$1.89 in FY 2021). Revenue: US$91.6m (up 20% from FY 2021). Net income: US$32.6m (up 14% from FY 2021). Profit margin: 36% (down from 37% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.18% (up from 4.02% in FY 2021). Cost-to-income ratio: 47.4% (up from 46.5% in FY 2021). Non-performing loans: 0.18% (down from 0.24% in FY 2021). Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in Europe. Reported Earnings • Mar 19
Full year 2022 earnings released: EPS: US$2.15 (vs US$1.89 in FY 2021) Full year 2022 results: EPS: US$2.15 (up from US$1.89 in FY 2021). Revenue: US$91.6m (up 20% from FY 2021). Net income: US$32.6m (up 14% from FY 2021). Profit margin: 36% (down from 37% in FY 2021). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.18% (up from 4.02% in FY 2021). Cost-to-income ratio: 47.4% (up from 46.5% in FY 2021). Non-performing loans: 0.18% (down from 0.24% in FY 2021). Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in Europe. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €8.60, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 11x in the Mortgage industry in Europe. Total loss to shareholders of 27% over the past year. Recent Insider Transactions • Mar 16
Independent Chairman of the Board recently bought €279k worth of stock On the 13th of March, Brian Choi bought around 30k shares on-market at roughly €9.29 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €303k. Brian has been a buyer over the last 12 months, purchasing a net total of €3.1m worth in shares. Recent Insider Transactions • Feb 03
Independent Chairman of the Board recently bought €104k worth of stock On the 1st of February, Brian Choi bought around 10k shares on-market at roughly €10.39 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth €339k. Brian has been a buyer over the last 12 months, purchasing a net total of €3.0m worth in shares. Announcement • Jan 28
OP Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022 OP Bancorp reported net charge-offs for the fourth quarter ended December 31, 2022. For the quarter, Net charge-offs were $105,000 or 0.03% of average loans in the fourth quarter of 2022, compared to $168,000, or 0.05%, of average loans in the fourth quarter of 2021. Reported Earnings • Jan 28
Full year 2022 earnings released: EPS: US$2.20 (vs US$1.89 in FY 2021) Full year 2022 results: EPS: US$2.20 (up from US$1.89 in FY 2021). Revenue: US$91.6m (up 20% from FY 2021). Net income: US$33.3m (up 17% from FY 2021). Profit margin: 36% (in line with FY 2021). Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Mortgage industry in Europe. Announcement • Jan 27
OP Bancorp Declares Quarterly Cash Dividend, Payable on or About February 23, 2023 OP Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about February 23, 2023 to all shareholders of record as of the close of business on February 9, 2023. Recent Insider Transactions • Dec 08
Independent Director recently bought €339k worth of stock On the 6th of December, Ock Kim bought around 30k shares on-market at roughly €11.19 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €395k. Insiders have collectively bought €3.8m more in shares than they have sold in the last 12 months. Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: US$0.56 (vs US$0.54 in 3Q 2021) Third quarter 2022 results: EPS: US$0.56 (up from US$0.54 in 3Q 2021). Revenue: US$24.5m (up 17% from 3Q 2021). Net income: US$8.46m (up 3.9% from 3Q 2021). Profit margin: 35% (down from 39% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Mortgage industry in Europe. Board Change • Nov 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. Independent Director Ernest Dow was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 04
Independent Chairman of the Board recently bought €395k worth of stock On the 2nd of November, Brian Choi bought around 35k shares on-market at roughly €11.38 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €427k. Brian has been a buyer over the last 12 months, purchasing a net total of €2.6m worth in shares. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: US$0.57 (vs US$0.54 in 3Q 2021) Third quarter 2022 results: EPS: US$0.57 (up from US$0.54 in 3Q 2021). Revenue: US$24.5m (up 17% from 3Q 2021). Net income: US$8.65m (up 6.3% from 3Q 2021). Profit margin: 35% (down from 39% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Mortgage industry in Europe. Announcement • Oct 28
OP Bancorp Declares Quarterly Cash Dividend, Payable on or About November 24, 2022 OP Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about November 24, 2022 to all shareholders of record as of the close of business on November 10, 2022. Recent Insider Transactions • Aug 31
Independent Chairman of the Board recently bought €192k worth of stock On the 29th of August, Brian Choi bought around 15k shares on-market at roughly €12.59 per share. This transaction amounted to 1.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €427k. Brian has been a buyer over the last 12 months, purchasing a net total of €2.1m worth in shares. Recent Insider Transactions • Aug 05
Independent Chairman of the Board recently bought €123k worth of stock On the 3rd of August, Brian Choi bought around 11k shares on-market at roughly €11.15 per share. In the last 3 months, they made an even bigger purchase worth €287k. Brian has been a buyer over the last 12 months, purchasing a net total of €1.2m worth in shares. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: US$0.56 (vs US$0.42 in 2Q 2021) Second quarter 2022 results: EPS: US$0.56 (up from US$0.42 in 2Q 2021). Revenue: US$23.4m (up 31% from 2Q 2021). Net income: US$8.48m (up 34% from 2Q 2021). Profit margin: 36% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 11% growth forecast for the industry in Germany. Announcement • Jul 29
OP Bancorp Declares Quarterly Cash Dividend, Payable on or About August 25, 2022 OP Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about August 25, 2022 to all shareholders of record as of the close of business on August 11, 2022. Recent Insider Transactions • Jun 15
Independent Chairman of the Board recently bought €130k worth of stock On the 10th of June, Brian Choi bought around 12k shares on-market at roughly €10.96 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of €758k worth in shares. Announcement • May 14
OP Bancorp, Annual General Meeting, Jun 23, 2022 OP Bancorp, Annual General Meeting, Jun 23, 2022, at 10:00 Pacific Daylight. Location: 1000 wilshire boulevard, suite 500, los angeles, california 90017. California United States Agenda: To elect 7 members of the board of directors, each for a term of one year; to ratify the selection of crowe llp as the company’s independent registered public accounting firm for the year ending december 31, 2022; and to consider other matters if any. Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: US$0.54 (vs US$0.33 in 1Q 2021) First quarter 2022 results: EPS: US$0.54 (up from US$0.33 in 1Q 2021). Revenue: US$21.2m (up 40% from 1Q 2021). Net income: US$8.15m (up 62% from 1Q 2021). Profit margin: 39% (up from 33% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 15%, compared to a 11% growth forecast for the industry in Germany. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. Independent Director Ernest Dow was the last director to join the board, commencing their role in 2016. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 09
Independent Director recently bought €400k worth of stock On the 7th of March, Ock Kim bought around 33k shares on-market at roughly €12.06 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.4m more in shares than they have sold in the last 12 months. Recent Insider Transactions • Mar 01
Independent Director recently bought €78k worth of stock On the 25th of February, Ock Kim bought around 7k shares on-market at roughly €11.50 per share. In the last 3 months, there was an even bigger purchase from another insider worth €301k. Insiders have collectively bought €993k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Feb 14
Independent Chairman of the Board recently bought €119k worth of stock On the 10th of February, Brian Choi bought around 10k shares on-market at roughly €11.93 per share. This was the largest purchase by an insider in the last 3 months. Brian has been a buyer over the last 12 months, purchasing a net total of €223k worth in shares. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improved over the past week After last week's 18% share price gain to €12.50, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Mortgage industry in Europe. Total returns to shareholders of 105% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €24.83 per share. Reported Earnings • Jan 29
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$1.91 (up from US$0.85 in FY 2020). Revenue: US$76.5m (up 53% from FY 2020). Net income: US$28.9m (up 123% from FY 2020). Profit margin: 38% (up from 26% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.4%. Over the next year, revenue is forecast to grow 1.4%, compared to a 14% growth forecast for the banks industry in Germany. Announcement • Jan 29
OP Bancorp Announces Net Charge Offs for the Fourth Quarter Ended December 31, 2021 OP Bancorp announced net charge offs for the fourth quarter ended December 31, 2021. Net charge-offs were $168,000 or 0.05% of average loans. In comparison, there were no net charge-offs recorded in the fourth quarter 2020. Announcement • Jan 28
OP Bancorp Declares Quarterly Cash Dividend, Payable on or About February 10, 2022 OP Bancorp announced that its Board of Directors declared a quarterly cash dividend of $0.10 per share of its common stock. The dividend is payable on or about February 10, 2022 to all shareholders of record as of the close of business on February 24, 2022. Recent Insider Transactions • Dec 21
Independent Director recently bought €55k worth of stock On the 14th of December, Ock Kim bought around 5k shares on-market at roughly €11.08 per share. In the last 3 months, they made an even bigger purchase worth €873k. Insiders have collectively bought €399k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Nov 07
Independent Director recently bought €873k worth of stock On the 3rd of November, Ock Kim bought around 80k shares on-market at roughly €10.91 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €147k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 21% share price gain to €10.80, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 9x in the Mortgage industry in Europe. Total returns to shareholders of 103% over the past year. Reported Earnings • Oct 30
Third quarter 2021 earnings released: EPS US$0.55 (vs US$0.23 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$21.0m (up 61% from 3Q 2020). Net income: US$8.25m (up 132% from 3Q 2020). Profit margin: 39% (up from 27% in 3Q 2020). The increase in margin was driven by higher revenue. Announcement • Jul 23
OP Bancorp Reports Net Charge Offs for the Second Quarter Ended June 30, 2021 OP Bancorp reported net charge offs for the second quarter ended June 30, 2021. For the quarter, the company's net charge-offs were $27,000. Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS US$0.42 (vs US$0.16 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$17.9m (up 67% from 2Q 2020). Net income: US$6.38m (up 169% from 2Q 2020). Profit margin: 36% (up from 22% in 2Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • May 12
First quarter 2021 earnings released: EPS US$0.33 (vs US$0.21 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$15.1m (up 19% from 1Q 2020). Net income: US$5.03m (up 55% from 1Q 2020). Profit margin: 33% (up from 26% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS US$0.34 (vs US$0.21 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$15.1m (up 19% from 1Q 2020). Net income: US$5.08m (up 57% from 1Q 2020). Profit margin: 34% (up from 26% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Mar 17
Full year 2020 earnings released: EPS US$0.85 (vs US$1.04 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$50.2m (down 6.0% from FY 2019). Net income: US$12.9m (down 21% from FY 2019). Profit margin: 26% (down from 31% in FY 2019). Net interest margin (NIM): 3.72% (down from 4.19% in FY 2019). Cost-to-income ratio: 56.9% (down from 58.4% in FY 2019). Non-performing loans: 0.09% (down from 0.16% in FY 2019). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improved over the past week After last week's 29% share price gain to US$9.96, the stock is trading at a trailing P/E ratio of 12.7x, up from the previous P/E ratio of 9.8x. This compares to an average P/E of 13x in the Mortgage industry in Europe. Is New 90 Day High Low • Feb 23
New 90-day high: €7.70 The company is up 25% from its price of €6.15 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.97 per share. Valuation Update With 7 Day Price Move • Feb 11
Investor sentiment improved over the past week After last week's 17% share price gain to US$7.37, the stock is trading at a trailing P/E ratio of 10.4x, up from the previous P/E ratio of 8.8x. This compares to an average P/E of 13x in the Mortgage industry in Europe. Is New 90 Day High Low • Feb 06
New 90-day high: €6.76 The company is up 24% from its price of €5.45 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Mortgage industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.44 per share. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS US$0.87 (vs US$1.04 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$50.2m (down 6.0% from FY 2019). Net income: US$13.2m (down 20% from FY 2019). Profit margin: 26% (down from 31% in FY 2019). Net interest margin (NIM): 3.72% (down from 4.19% in FY 2019). 
