OPBK

MKT CAP:$211M

OP Bancorp

Market Cap

$211M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$14.17+$0.19 (+1.36%)

Apr 22, 2026

Company Details

OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services in California. It offers demand, checking, savings, money market, and time deposit accounts, as well as certificates of deposit. The c...

CEO

Sang Kyo Oh

IPO Date

Aug 8, 2005

Website

www.myopenbank.com

Key Metrics TTM

Revenue

$170M

+7.8% YoY

Net Income

$27M

EPS (Diluted)

$1.82

Free Cash Flow

$20M

Revenue / Share

$11.36

Gross Margin

55.3%

Operating Margin

22.1%

Net Margin

16.1%

FCF Margin

11.7%

P/S

1.2x

P/E

7.7x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$43M+7.3%EPS $0.48

FY 2025

Mar 13, 2026

$167M+8.2%EPS $1.72

Q4 2025

Mar 13, 2026

$43M+8.2%EPS $0.47

Q3 2025

Nov 7, 2025

$43M+7.9%EPS $0.45

Q2 2025

Aug 8, 2025

$42M+8.0%EPS $0.42

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$26M	$23M	$12M
Q3 22	$28M	$25M	$12M
Q4 22	$30M	$22M	$11M
Q1 23	$33M	$23M	$11M
Q2 23	$34M	$21M	$9M
Q3 23	$34M	$19M	$7M
Q4 23	$35M	$19M	$7M
Q1 24	$36M	$19M	$7M
Q2 24	$39M	$20M	$8M
Q3 24	$40M	$20M	$8M
Q4 24	$39M	$20M	$7M
Q1 25	$40M	$21M	$8M
Q2 25	$42M	$22M	$8M
Q3 25	$43M	$23M	$10M
Q4 25	$43M	$24M	$10M
Q1 26	$43M	$24M	$10M

Valuation

Quarter	P/S	P/E
Q2 22	1.7x	4.7x
Q3 22	1.7x	5.1x
Q4 22	1.6x	5.1x
Q1 23	1.2x	4.3x
Q2 23	1.0x	4.2x
Q3 23	1.1x	5.1x
Q4 23	1.2x	6.8x
Q1 24	1.1x	6.9x
Q2 24	1.0x	6.8x
Q3 24	1.2x	8.7x
Q4 24	1.5x	11.0x
Q1 25	1.2x	8.5x
Q2 25	1.2x	8.7x
Q3 25	1.3x	8.8x
Q4 25	1.3x	8.2x
Q1 26	1.1x	7.0x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$13M	$12M
Q2 22	$22M	$22M
Q3 22	$46M	$46M
Q4 22	$3M	$3M
Q1 23	$45M	$44M
Q2 23	$9M	$8M
Q3 23	$15M	$15M
Q4 23	-$1M	-$2M
Q1 24	-$3M	-$3M
Q2 24	$16M	$16M
Q3 24	$13M	$13M
Q4 24	$5M	$4M
Q1 25	$6M	$4M
Q2 25	-$7M	-$8M
Q3 25	$24M	$23M
Q4 25	$4M	-$13.0K

Capital Expenditures

Quarter	CapEx
Q1 22	$545.0K
Q2 22	$263.0K
Q3 22	$240.0K
Q4 22	$364.0K
Q1 23	$581.0K
Q2 23	$785.0K
Q3 23	$587.0K
Q4 23	$231.0K
Q1 24	$90.0K
Q2 24	$77.0K
Q3 24	$580.0K
Q4 24	$815.0K
Q1 25	$1M
Q2 25	$720.0K
Q3 25	$554.0K
Q4 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+45.2%	+60.8%
Q3 22	+34.3%	+69.0%
Q4 22	+19.9%	+55.5%
Q1 23	+48.4%	+109.0%
Q2 23	+32.1%	+85.4%
Q3 23	+20.4%	+68.5%
Q4 23	+17.8%	+48.3%
Q1 24	+11.0%	+31.3%
Q2 24	+14.3%	+23.1%
Q3 24	+17.0%	+19.4%
Q4 24	+11.3%	+16.5%
Q1 25	+8.7%	+9.4%
Q2 25	+8.0%	+7.2%
Q3 25	+7.9%	+3.2%
Q4 25	+8.2%	+1.1%
Q1 26	+7.3%	+2.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$215.0K	1.0%
Q2 22	$387.0K	1.5%
Q3 22	$256.0K	0.9%
Q4 22	$321.0K	1.1%
Q1 23	$324.0K	1.0%
Q2 23	$314.0K	0.9%
Q3 23	$323.0K	1.0%
Q4 23	$336.0K	0.9%
Q1 24	$319.0K	0.9%
Q2 24	$317.0K	0.8%
Q3 24	$272.0K	0.7%
Q4 24	$275.0K	0.7%
Q1 25	$160.0K	0.4%
Q2 25	$153.0K	0.4%
Q3 25	$174.0K	0.4%
Q4 25	$212.0K	0.5%

OpEx Breakdown

Quarter	G&A	S&M
Q2 22	$7M	$165.0K
Q3 22	$8M	$177.0K
Q4 22	$6M	$12.0K
Q1 23	$8M	$162.0K
Q2 23	$8M	$159.0K
Q3 23	$8M	$207.0K
Q4 23	$8M	$86.0K
Q1 24	$8M	$149.0K
Q2 24	$8M	$151.0K
Q3 24	$9M	$151.0K
Q4 24	$9M	$82.0K
Q1 25	$9M	$156.0K
Q2 25	$418.0K	$232.0K
Q3 25	$9M	$126.0K
Q4 25	$11M	—
Q1 26	$14M	$120.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$133M	$175M	$308M
Q3 22	$107M	$186M	$294M
Q4 22	$83M	$210M	$293M
Q1 23	$182M	$213M	$394M
Q2 23	$144M	$202M	$346M
Q3 23	$106M	$191M	$297M
Q4 23	$91M	$194M	$286M
Q1 24	$139M	$187M	$327M
Q2 24	$128M	$199M	$327M
Q3 24	$167M	$199M	$366M
Q4 24	$135M	$22.0K	$135M
Q1 25	$199M	$62.0K	$199M
Q2 25	$205M	$38.0K	$206M
Q3 25	$167M	$18.0K	$167M
Q4 25	$434M	$30.0K	$434M
Q1 26	$160M	$9M	$170M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	15M	-0.1%	+0.7%
Q3 22	15M	+0.3%	+0.5%
Q4 22	15M	-0.1%	+0.2%
Q1 23	15M	+0.3%	+0.5%
Q2 23	15M	-0.9%	-0.4%
Q3 23	15M	-0.2%	-0.9%
Q4 23	15M	-0.7%	-1.5%
Q1 24	15M	-0.3%	-2.1%
Q2 24	15M	-0.8%	-2.0%
Q3 24	15M	-0.4%	-2.2%
Q4 24	15M	+0.0%	-1.5%
Q1 25	15M	+0.3%	-0.9%
Q2 25	15M	+0.0%	-0.1%
Q3 25	15M	+0.4%	+0.7%
Q4 25	15M	-0.0%	+0.7%
Q1 26	15M	+0.1%	+0.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$132.2K	193
Q3 22	$145.4K	193
Q4 22	$136.2K	221
Q1 23	$148.8K	221
Q2 23	$152.5K	221
Q3 23	$152.9K	221
Q4 23	$159.7K	222
Q1 24	$164.4K	222
Q2 24	$173.6K	222
Q3 24	$178.1K	222
Q4 24	$170.9K	231
Q1 25	$171.8K	231
Q2 25	$180.2K	231
Q3 25	$184.6K	231
Q4 25	$171.5K	249
Q1 26	$171.0K	249

Revenue / Employee