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OP Bancorp operates as the bank holding company for Open Bank that provides banking products and services. It offers demand, savings, money market, and time deposit accounts, as well as certificates of deposit. It also provides commercial real estate, small business administration, home mortgage, and consumer loans. It operates full branch offices in Los Angeles and Orange Counties in California, as well as Santa Clara, California; Carrollton, Texas; Las Vegas, Nevada Pleasanton, California; Atlanta, Georgia; Aurora, Colorado; Lynnwood, Washington; and Fairfax, Virginia. The company was founded in 2005 and is headquartered in Los Angeles, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $95M | - | $26M | $23M | 11.2% | 15.4% | 21.7% |
| 2024 | $82M | - | $21M | $30M | 10.3% | -1.0% | -11.9% |
| 2023 | $83M | - | $24M | $66M | 12.4% | -12.3% | -28.2% |
| 2022 | $95M | - | $33M | $82M | 18.8% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 94.53 | 82.87 | 82.04 | 94.68 |
| Operating Revenue | - | 94.53 | 82.87 | 82.04 | 94.68 |
| Selling General And Administration | - | 29.23 | 32.34 | 34.56 | 38.95 |
| Interest Income | - | 88.21 | 121.66 | 137.62 | 150.33 |
| Interest Expense | - | 11.30 | 52.98 | 72.01 | 71.98 |
| Net Interest Income | - | 76.91 | 68.69 | 65.61 | 78.35 |
| Pretax Income | - | 46.72 | 33.49 | 29.08 | 35.33 |
| Tax Provision | - | 13.41 | 9.57 | 8.01 | 9.69 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 33.31 | 23.92 | 21.07 | 25.64 |
| Net Income From Continuing And Discontinued Operation | - | 33.31 | 23.92 | 21.07 | 25.64 |
| Net Income From Continuing Operation Net Minority Interest | - | 33.31 | 23.92 | 21.07 | 25.64 |
| Net Income | - | 33.31 | 23.92 | 21.07 | 25.64 |
| Net Income Common Stockholders | - | 32.61 | 23.44 | 20.69 | 25.64 |
| Net Income Including Noncontrolling Interests | - | 33.31 | 23.92 | 21.07 | 25.64 |
| Normalized Income | - | 33.31 | 23.92 | 21.07 | 25.64 |
| Diluted NI Availto Com Stockholders | - | 32.61 | 23.44 | 20.69 | 25.64 |
| Basic Average Shares | - | 15.17 | 15.15 | 14.87 | 14.87 |
| Diluted Average Shares | - | 15.23 | 15.16 | 14.87 | 14.91 |
| Reconciled Depreciation | - | 1.37 | 4.47 | 4.65 | 7.26 |
| Total Unusual Items | -2.89 | - | - | - | - |
| Total Unusual Items Excluding Goodwill | -2.89 | - | - | - | - |
| Special Income Charges | -2.89 | - | - | - | - |
| Other Special Charges | 2.89 | - | - | - | - |
| General And Administrative Expense | - | 28.68 | 31.73 | 34.03 | 38.45 |
| Other Gand A | 2 | - | - | - | - |
| Salaries And Wages | - | 27.87 | 30.27 | 32.36 | 36.66 |
| Insurance And Claims | - | 0.81 | 1.46 | 1.67 | 1.78 |
| Selling And Marketing Expense | - | 0.54 | 0.61 | 0.53 | 0.50 |
| Otherunder Preferred Stock Dividend | 0.33 | 0.70 | 0.48 | 0.38 | - |
| Occupancy And Equipment | - | 5.96 | 6.49 | 6.67 | 6.76 |
| Professional Expense And Contract Services Expense | - | 1.62 | 1.57 | 1.54 | 1.79 |
| Other Non Interest Expense | - | 8.02 | 7.32 | 7.43 | 8.27 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| OP Bancorpthis co. | OPBK | $209M | 8.16↓ discount | 0.92 | 11.2% | - |
| Oportun Financial Corporation | OPRT | $220M | 8.73 | 0.57 | 6.5% | - |
| Meridian Corporation | MRBK | $220M | 10.09 | 1.10 | 10.9% | - |
| Kingstone Companies, Inc. | KINS | $219M | 5.38 | 1.79 | 33.2% | - |
| First Internet Bancorp | INBK | $211M | -6.01 |
| - |
| - |
| - |
| 0.59 |
| -9.8% |
| - |
| First Capital, Inc. | FCAP | $210M | 12.81 | 1.52 | 11.9% | - |
| CPI Card Group Inc. | PMTS | $203M | 13.59 | -11.73 | -86.3% | 6.22 |
| Consumer Portfolio Services, Inc. | CPSS | $200M | 10.37 | 0.65 | 6.2% | - |
| Citizens Community Bancorp, Inc. | CZWI | $198M | 13.74 | 1.05 | 7.7% | - |
| Peer Median | - | 10.23 | 0.85 | 7.1% | 6.22 | |