Short answer
OP Bancorp (OPBK) filed its Q1 2026 10-Q quarterly report on May 15, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $463,000 (down 53.7% year over year) with net income of $7M.
Q1 2026 key financials · XBRL
- Revenue
- $463,000
- −53.7% YoY
- Net income
- $7M
- +30.1% YoY
- EPS (diluted)
- $0.48
- +29.7% YoY
Source: XBRL data from the OP Bancorp (OPBK) Q1 2026 10-Q on SEC EDGAR. USD.
OP Bancorp Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net interest income $20.5M, up 18% YoY from $17.4M; net interest margin 3.19% vs 3.01%
- Net income $7.2M, up 30% YoY from $5.6M; ROAA 1.08% vs 0.92%, ROAE 12.56% vs 10.73%
- CRE strongest loan segment, up $41.1M to $1.17B; consumer weakest, down $961K to $392K
- Deposits increased $46.7M to $2.33B; gross loans rose $40.6M to $2.23B
- Rate outlook data-dependent amid uneven inflation, softening labor indicators, geopolitical tensions, and elevated oil prices
Risk Factors
- SBA eligibility revision effective March 1, 2026 eliminated limited non-U.S. ownership exception, potentially reducing eligible borrowers and originations
- AI-enabled third-party services expanded oversight obligations, including data governance, model risk, bias, explainability, and compliance
- Federal government shutdowns could suspend SBA 7(a) and 504 approvals, delaying loan closings and related income
- Elevated interest rates and Iran-related energy concerns could weaken borrower credit quality and increase provision expense
- Deposit concentration among relatively few clients could force higher-cost funding and reduce net interest income
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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