OP Bancorp Files 8-K on Financials and Operations

Ticker: OPBK · Form: 8-K · Filed: Oct 24, 2024 · CIK: 1722010

Op Bancorp 8-K Filing Summary
FieldDetail
CompanyOp Bancorp (OPBK)
Form Type8-K
Filed DateOct 24, 2024
Risk Levellow
Pages3
Reading Time3 min
Key Dollar Amounts$0.12, $5.4 Million, $0.36
Sentimentneutral

Sentiment: neutral

Topics: financial-reporting, operations, sec-filing

TL;DR

OP Bancorp dropped its 8-K on 10/24, check financials.

AI Summary

On October 24, 2024, OP Bancorp filed an 8-K report detailing its financial results and operations. The filing includes information on the company's financial condition and disclosures under Regulation FD, along with financial statements and exhibits. The report was filed with the SEC, indicating ongoing financial reporting requirements for the California-based commercial bank.

Why It Matters

This filing provides investors and the public with updated financial information and operational disclosures for OP Bancorp, crucial for assessing the company's performance and stability.

Risk Assessment

Risk Level: low — This is a routine financial filing (8-K) that provides standard disclosures and does not appear to contain any immediately alarming information.

Key Numbers

  • 2024-10-24 — Report Date (Date of the earliest event reported in the 8-K filing.)

Key Players & Entities

  • OP Bancorp (company) — Registrant
  • California (location) — State of incorporation
  • 1000 Wilshire Blvd, Suite 500, Los Angeles, CA 90017 (address) — Principal executive offices
  • 213-892-9999 (phone_number) — Registrant's telephone number

FAQ

What specific financial results are detailed in this 8-K filing?

The filing indicates it contains information on 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits', but the specific details of these results are not provided in the provided text.

What is the significance of the 'Regulation FD Disclosure' item?

Regulation FD (Fair Disclosure) ensures that material non-public information is disclosed to all investors simultaneously, preventing selective disclosure.

When was OP Bancorp incorporated, and where is it headquartered?

OP Bancorp is incorporated in California and its principal executive offices are located at 1000 Wilshire Blvd, Suite 500, Los Angeles, CA 90017.

What is the Commission File Number for OP Bancorp?

The Commission File Number for OP Bancorp is 001-38437.

What is the SIC code for OP Bancorp?

The Standard Industrial Classification (SIC) code for OP Bancorp is 6022, which corresponds to STATE COMMERCIAL BANKS.

Filing Stats: 782 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2024-10-24 16:30:32

Key Financial Figures

  • $0.12 — rectors had declared a cash dividend of $0.12 per common share, payable on or about N
  • $5.4 Million — ts Net Income for 2024 Third Quarter of $5.4 Million and Diluted Earnings Per Share of $0.36
  • $0.36 — llion and Diluted Earnings Per Share of $0.36 99.2 Press Release, dated Oc t ober 2

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On October 24, 2024, OP Bancorp, (the "Company"), the holding company of Open Bank, issued a press release announcing preliminary unaudited results for the third quarter ended September 30, 2024. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Also attached as Exhibit 99.3 is a slide presentation for the results for the third quarter. The information in this Current Report set forth under this Item 2.02, including the exhibit hereto, shall not be treated as "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended ("Exchange Act"), nor shall it be deemed incorporated by reference into any registration statement or other filing pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as expressly stated by specific reference in such filing.

01 Regulation FD

Item 7.01 Regulation FD On October 24, 2024, the registrant issued a press release announcing that its Board of Directors had declared a cash dividend of $0.12 per common share, payable on or about November 21, 2024, to holders of record as of November 7, 2024. A copy of that release is furnished as Exhibit 99.2 of this Current Report. On October 24, 2024, the registrant disclosed its investor presentation for the third quarter of 2024. A copy of that presentation is furnished as Exhibit 99.3 of this Current Report. The information disclosed in response to this Item 7.01, including the exhibits identified herein and the contents thereof, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liabilities under that section and shall not be deemed to be incorporated by reference into any document filed under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language 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, dated O ctober 24 , 2024, of OP Bancorp entitled "OP Bancorp Reports Net Income for 2024 Third Quarter of $5.4 Million and Diluted Earnings Per Share of $0.36 99.2 Press Release, dated Oc t ober 24 , 2024, of OP Bancorp entitled "OP Bancorp Declares Quarterly Cash Dividend of $0.12 Per Share 99.3 Earnings Presentation, 2024 Third 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: October 24, 2024 By: /s/ Christine Oh Christine Oh Executive Vice President and Chief Financial Officer 3

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