OP Bancorp (OPBK) Q3 2025 earnings summary

Executive summary

• Net income for Q3 2025 was $6.7 million, up 6% sequentially and 23% year-over-year, with diluted EPS of $0.45, reflecting higher revenue and improved efficiency.

• Total assets reached $2.61 billion, up 2% from the prior quarter and 10% since year-end 2024, with gross loans up 4% sequentially and 10% year-over-year, and deposits up 1% sequentially and 12% year-over-year.

• Return on assets improved to 1.04% and return on equity to 12.36%, both up year-over-year.

• Revenue increased 3% from the prior quarter and 10% year-over-year, driven by loan growth and stable deposit balances.

• Credit quality remained stable, with low net charge-offs and allowance for credit losses at 1.27% of gross loans.

Financial highlights

• Net interest income for Q3 2025 was $20.3 million, up 3% sequentially and 23% year-over-year, with a net interest margin of 3.26%.

• Noninterest income totaled $4.1 million, up 4% sequentially but down 3% year-over-year, while noninterest expense was $13.6 million, resulting in an efficiency ratio of 55.68%.

• Book value per share increased to $14.88 from $14.36.

• Allowance for credit losses on loans was $27.3 million (1.27% of gross loans), up from $24.8 million at year-end 2024.

• Nonperforming loans increased to $12.3 million, or 0.57% of gross loans.

Outlook and guidance

• Management highlighted that forward-looking statements are subject to risks and uncertainties, including interest rate volatility, political uncertainty, and evolving economic conditions.

• The company completed a $25 million subordinated note offering in November 2025 to support regulatory capital and growth.