OP Bancorp
opbancorp.q4ir.comWhat Do They Do?
Provides commercial and consumer banking, including loans and deposit accounts, to small and medium-sized businesses and individuals, especially in Korean-American communities.
10-K for FY2025, filed Mar 13, 2026Founded in 2005 as First Standard Bank, and rebranded as Open Bank in 2010, we formed OP Bancorp as our holding company in 2016. OP…View ↗
We provide our customers with a high degree of service, convenience and the financial products we believe they need to achieve their…View ↗
Our principal business is commercial and consumer lending focused on businesses and individuals located primarily in Southern California.…View ↗
Our loan products include CRE loans, SBA loans, C&I loans, mortgage warehouse lines of credit, residential mortgage loans, and unsecured…View ↗
How Do They Make Money?
The bank earns interest on loans and related products, less the interest it pays on deposits and other borrowings. It also collects deposit fees and gains from selling and servicing SBA loans.
10-K for FY2025, filed Mar 13, 2026Our results of operations depend primarily on net interest income generated through Open Bank, which represents the interest we earn on…View ↗
$3.2M
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10-K for FY2025, filed Mar 13, 2026
$3.2M ↗
Who Are Their Customers?
Commercial borrowers work with branch staff, commercial bankers, loan officers and specialized teams; SBA loans also reach borrowers through brokers, while residential mortgages come through correspondent relationships and third-party originators.
10-K for FY2025, filed Mar 13, 2026
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue and turned 729 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 2.1x in 4 years, from $1.6M in FY2021 to $3.2M in FY2025, about 20% a year.
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