OP Bancorp Files 8-K on Financial Results & Condition

Ticker: OPBK · Form: 8-K · Filed: Jan 25, 2024 · CIK: 1722010

Op Bancorp 8-K Filing Summary
FieldDetail
CompanyOp Bancorp (OPBK)
Form Type8-K
Filed DateJan 25, 2024
Risk Levelmedium
Pages2
Reading Time2 min
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: financial-results, 8-K, corporate-filing

TL;DR

**OPBK just dropped an 8-K on financial results, get ready for potential stock movement.**

AI Summary

OP Bancorp filed an 8-K on January 25, 2024, to report its financial results and condition. This filing indicates that the company is providing an update on its performance, which is crucial for investors to understand the bank's current health and future prospects. For shareholders, this means new information is available to assess their investment, potentially influencing stock price based on whether the results are positive or negative.

Why It Matters

This filing signals that OP Bancorp is releasing its latest financial performance, which directly impacts investor confidence and the stock's valuation.

Risk Assessment

Risk Level: medium — The risk level is medium because the filing itself doesn't contain the results, but merely announces their release, creating uncertainty until the actual numbers are analyzed.

Analyst Insight

A smart investor would await the full disclosure and analysis of the 'Results of Operations and Financial Condition' before making any significant investment decisions regarding OP Bancorp stock.

Key Players & Entities

  • OP Bancorp (company) — the registrant filing the 8-K
  • January 25, 2024 (date) — date of earliest event reported and filing date
  • 001-38437 (other) — Commission File Number for OP Bancorp
  • 1000 Wilshire Blvd, Suite 500, Los Angeles, CA 90017 (other) — principal executive offices address
  • NASDAQ Global Market (other) — exchange where Common Stock is registered

Forward-Looking Statements

  • OP Bancorp's stock price (OPBK) will react to the detailed financial results once they are fully disclosed and analyzed. (OPBK) — high confidence, target: within 1 week of full disclosure
  • Analysts will issue updated ratings or price targets for OPBK based on the reported financial condition. (OPBK) — medium confidence, target: within 2 weeks of full disclosure

FAQ

What is the purpose of OP Bancorp's 8-K filing dated January 25, 2024?

The purpose of OP Bancorp's 8-K filing on January 25, 2024, is to report on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits' as per the ITEM INFORMATION section of the filing.

What is the exact name of the registrant as specified in its charter?

The exact name of the registrant as specified in its charter is OP BANCORP, as stated in the FORM 8-K section.

Where are OP Bancorp's principal executive offices located?

OP Bancorp's principal executive offices are located at 1000 Wilshire Blvd, Suite 500, Los Angeles, CA 90017, according to the filing's business address information.

On which exchange is OP Bancorp's Common Stock registered?

OP Bancorp's Common Stock, with no par value, is registered on the NASDAQ Global Market, as indicated under 'Securities registered pursuant to Section 12(b) of the Act'.

Is OP Bancorp considered an emerging growth company according to this filing?

No, OP Bancorp is not indicated as an emerging growth company, as the checkbox for 'Emerging growth company' is unchecked (☐) in the filing.

Filing Stats: 565 words · 2 min read · ~2 pages · Grade level 12.6 · Accepted 2024-01-25 16:23:12

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition On January 25, 2024, OP Bancorp, (the "Company"), the holding company of Open Bank, issued a press release announcing preliminary unaudited results for the fourth quarter ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 to this Current Report and is incorporated herein by reference. Also attached as Exhibit 99.3 is a slide presentation for the results for the fourth quarter. The information in this report set forth under this Item 2.02 shall not be treated as "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Exchange Act or the Securities Act of 1934 as amended, except as expressly stated by specific reference in such filing.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Number Exhibit Description 99.1 Press Release of OP Bancorp, issued January 25 , 202 4 , announcing financial results for the fourth quarter of 2023 99.2 Press Release of OP Bancorp, issued Janu ary 25 , 202 4 , announcing the declaration of a quarterly cash dividend 99.3 Earnings Presentation, 2023 Fourth Quarter 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. OP Bancorp Date: January 25, 2024 By: /s/ Christine Oh Christine Oh Executive Vice President and Chief Financial Officer 3

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