OP BancorpOPBK
What OP Bancorp does.
Founded in 2005 as First Standard Bank, and rebranded as Open Bank in 2010, we formed OP Bancorp as our holding company in 2016. OP Bancorp, headquartered in Los Angeles, California, operates its commercial community banking activities through Open Bank ("Open Bank" or the "Bank"), our wholly owned banking subsidiary. We provide commercial banking services to small and medium-sized businesses, their owners, and retail customers, with a focus on the Korean-American community. We currently operate twelve full service branches: nine branches across Los Angeles and Orange Counties in California, as well as one branch each in Santa Clara, California; Carrollton, Texas; and Las Vegas, Nevada. Additionally, we maintain five loan production offices located in Pleasanton, California; Atlanta, Georgia; Aurora, Colorado; Lynnwood, Washington; and Fairfax, Virginia. Substantially all our business activities are conducted through the Bank.
We provide our customers with a high degree of service, convenience and the financial products we believe they need to achieve their financial objectives, by offering a customer-oriented product mix, competitive pricing, and convenient locations. Our lending activities are diversified and include commercial real estate ("CRE"), commercial and industrial ("C&I"), Small Business Administration (“SBA”) , home mortgage, and consumer loans. We generally lend in markets where we have a physical presence through our branch and loan production offices. We attract retail deposits through our branch network which offers a wide range of deposit products for business and consumer banking customers. We offer a multitude of other banking products and services to our customers to complement our lending and deposit business.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $1.4M | $1.6M | $1.7M | $2.1M | $3.3M | $3.2M |
| Net income | $13.1M | $28.8M | $33.3M | $23.9M | $21.1M | $25.6M |
| Free cash flow | -$5.5M | -$29.4M | $82.3M | $65.6M | $29.7M | $23.4M |
More on OPBK.
- OP Bancorp summary
- OP Bancorp financial statements
- OP Bancorp key metrics
- OP Bancorp health scores and style box
- OP Bancorp earnings
- OP Bancorp dividends
- OP Bancorp valuation
- OP Bancorp ownership and insiders
- OP Bancorp peers
Figures from OP Bancorp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.