OP Bancorp Q2 net income rises 26% to $7.98 million year over year; net interest margin narrows 15 bps to 3.08%

Reuters2026/08/07 20:34

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OP Bancorp posted Q2 net income of $7.98 million, up 26% from a year earlier; basic EPS rose to $0.54.
Net interest income edged up 2% to $20.07 million, while net interest margin narrowed 15 basis points to 3.08%.
Provision for credit losses swung to a $149,000 reversal from a $1.21 million expense a year earlier.
Noninterest income climbed 42% to $5.65 million on higher gains on sale of loans; noninterest expense increased 6% to $14.83 million.
Total assets rose 4% since Dec. 31 to $2.74 billion, with gross loans up 3% to $2.26 billion; management plans to elect the CBLR framework in Q3.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OP Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001722010-26-000020), on August 07, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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OP Bancorp Q2 net income rises 26% to $7.98 million year over year; net interest margin narrows 15 bps to 3.08%

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