OP Bancorp (OPBK) investor relations material

Executive summary

• Net income for Q1 2026 was $7.2 million, up 3% sequentially and 30% year-over-year, with diluted EPS of $0.48, reflecting higher revenue and improved operating efficiency.

• Book value per share climbed to $15.62, and a quarterly dividend of $0.14 per share was paid, up 17%.

• Total assets, gross loans, and total deposits each increased by 2% quarter-over-quarter.

• Revenue reached $24.6 million, up from $24.3 million in Q4 2025 and $20.9 million in Q1 2025, driven by loan and deposit growth and higher noninterest income from loan sales.

• Credit quality remained sound, with low net charge-offs and stable allowance for credit losses at 1.27% of gross loans.

Financial highlights

• Net interest income was $20.5 million, with a net interest margin of 3.19%, down from 3.25% in Q4-25 but up 18% year-over-year.

• Noninterest income totaled $4.0 million, stable sequentially but up 18% from the prior quarter, mainly from higher gains on SBA loan sales.

• Noninterest expense was $14.2 million, with an efficiency ratio improving to 57.97% from 58.87% sequentially and 62.13% year-over-year.

• Provision for loan losses was $0.4 million, down from $0.5 million in Q4-25, reflecting lower reserves and portfolio changes.

Outlook and guidance

• Management expects continued sustainable growth, supported by a solid capital base and disciplined expense management.

• Forward-looking statements caution about risks and uncertainties impacting future results, as described in the latest 10-K and SEC filings.