Financial Snapshot

Revenue
$2.294M
TTM
Gross Margin
Net Earnings
$21.17M
TTM
Current Assets
Current Liabilities
$27.90M
Q3 2024
Current Ratio
Total Assets
$2.388B
Q3 2024
Total Liabilities
$2.184B
Q3 2024
Book Value
$203.6M
Q3 2024
Cash
Q3 2024
P/E
12.77
Nov 29, 2024 EST
Free Cash Flow
$23.74M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $2.123M $1.675M $64.16M $53.66M $58.78M $50.07M $40.28M $31.70M
YoY Change 26.75% -97.39% 19.57% -8.72% 17.4% 24.29% 27.07%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue $2.123M $1.675M $64.16M $53.66M $58.78M $50.07M $40.28M $31.70M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.336M $1.400M $1.300M $1.300M $1.100M $1.000M $1.000M $940.0K $940.0K
YoY Change -4.57% 7.69% 0.0% 18.18% 10.0% 0.0% 6.38% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Interest Expense $52.98M $11.30M $3.132M $8.292M $14.51M $9.111M $4.573M
YoY Change 368.79% 260.82% -62.23% -42.84% 59.23% 99.23%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Pretax Income $33.49M $46.72M $40.66M $18.23M $22.08M $19.46M $17.13M $12.32M $10.13M
YoY Change -28.32% 14.93% 122.97% -17.4% 13.46% 13.6% 39.03% 21.62% 32.94%
Income Tax $9.573M $13.41M $11.82M $5.107M $5.319M $5.204M $7.892M $4.894M $4.170M
% Of Pretax Income 28.58% 28.71% 29.06% 28.01% 24.09% 26.75% 46.08% 39.72% 41.16%
Net Earnings $23.44M $33.31M $28.84M $13.13M $16.76M $14.25M $9.236M $7.425M $5.960M
YoY Change -29.62% 15.5% 119.7% -21.66% 17.57% 54.32% 24.39% 24.58% 33.04%
Net Earnings / Revenue 1104.19% 1988.66% 44.95% 24.47% 28.51% 28.47% 22.93% 23.42%
Basic Earnings Per Share $1.55 $2.15 $1.89 $0.85 $1.04 $0.92 $0.68 $0.55
Diluted Earnings Per Share $1.55 $2.14 $1.88 $0.85 $1.03 $0.89 $0.66 $0.53 $392.4K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $13.75M $13.50M $13.30M $11.30M $13.50M $4.600M $4.500M $5.100M $5.900M
YoY Change 1.84% 1.48% 17.7% -16.3% 193.48% 2.22% -11.76% -13.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.31M $14.32M $8.400M $5.200M $3.200M $3.700M $3.400M $3.300M $1.600M
YoY Change -7.03% 70.43% 61.54% 62.5% -13.51% 8.82% 3.03% 106.25%
Total Long-Term Assets
YoY Change
Total Assets $2.148B $2.094B $1.727B $1.367B $1.180B $1.044B $901.0M $761.3M $617.3M
YoY Change
Accounts Payable $12.63M $2.771M $600.0K $1.000M $2.700M $1.700M $400.0K $300.0K $300.0K
YoY Change 355.72% 361.83% -40.0% -62.96% 58.82% 325.0% 33.33% 0.0%
Accrued Expenses $9.341M $10.21M $10.30M $8.400M $10.10M
YoY Change -8.54% -0.84% 22.62% -16.83%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $21.97M $12.98M $10.90M $9.400M $12.80M $1.700M $400.0K $300.0K $300.0K
YoY Change 69.2% 19.12% 15.96% -26.56% 652.94% 325.0% 33.33% 0.0%
Long-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $20.58M $18.78M $16.50M $8.900M $5.400M $7.500M $10.80M $7.900M $4.800M
YoY Change 9.59% 13.79% 85.39% 64.81% -28.0% -30.56% 36.71% 64.58%
Total Long-Term Liabilities $20.58M $18.78M $16.50M $8.900M $5.400M $7.500M $10.80M $7.900M $4.800M
YoY Change 9.59% 13.79% 85.39% 64.81% -28.0% -30.56% 36.71% 64.58%
Total Liabilities $1.955B $1.918B $1.562B $1.224B $1.039B $914.4M $809.5M $680.0M $544.9M
YoY Change 1.96% 22.8% 27.63% 17.77% 13.62% 12.96% 19.04% 24.79%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $270.46 Million

About OP Bancorp

OP Bancorp operates as a bank holding company, which engages in the provision of general commercial banking services through its subsidiary. The company is headquartered in Los Angeles, California and currently employs 222 full-time employees. The company went IPO on 2005-07-22. The Bank is engaged in commercial banking business in Los Angeles, Orange, and Santa Clara Counties in California, the Dallas metropolitan area in Texas, and Clark County in Nevada. The Bank is focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. The Bank’s lending activities are diversified and include commercial real estate, commercial and industrial, small business administration (SBA), home mortgage, and consumer loans. The Bank attracts retail deposits through its branch network which offers a range of deposit products for business and consumer banking customers. The Bank operates about 11 full-service branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Cerritos, Gardena, Buena Park, and Santa Clara, California, Carrollton, Texas and Las Vegas, Nevada.

Industry: State Commercial Banks Peers: Bogota Financial Corp. BV Financial, Inc. ESSA Bancorp, Inc. NorthEast Community Bancorp, Inc./MD/ Oconee Federal Financial Corp. ONITY GROUP INC. Rocket Companies, Inc. Territorial Bancorp Inc. Western New England Bancorp, Inc. William Penn Bancorporation