OP Bancorp Raises Quarterly Dividend 17% to $0.14 per Share
OP Bancorp, the holding company for Open Bank, declared a quarterly cash dividend of $0.14 per share, marking a 17% increase from its prior quarterly dividend of $0.12. The dividend is payable to shareholders of record as of May 7, 2026.
OP Bancorp (NASDAQ: OPBK), the holding company for Open Bank, a Los Angeles-based commercial bank serving small and medium-sized businesses, declared a quarterly cash dividend of $0.14 per share on April 23, 2026. The dividend represents a 17% increase from the company's prior quarterly dividend of $0.12 per share. Read more dividend announcements.
The dividend is payable on May 21, 2026, to shareholders of record as of the close of business on May 7, 2026.
| Dividend Details | Date/Amount |
|---|---|
| Dividend Amount | $0.14 per share |
| Previous Amount | $0.12 per share |
| Increase | 17% |
| Record Date | May 7, 2026 |
| Payment Date | May 21, 2026 |
First Quarter 2026 Financial Performance
The dividend declaration accompanied the company's announcement of first quarter 2026 results, which showed net income of $7.2 million and diluted earnings per share of $0.48.
The company reported total assets of $2.67 billion as of March 31, 2026, up from $2.64 billion in the prior quarter and $2.41 billion a year earlier. Total deposits reached $2.30 billion, compared with $2.26 billion at December 31, 2025.
Net interest income for the first quarter totaled $20.5 million with a net interest margin of 3.19%, compared with $20.9 million and a margin of 3.25% in the fourth quarter of 2025. The cost of deposits declined to 2.97% from 3.03% in the prior quarter.
Capital Position
OP Bancorp maintained strong capital ratios well above regulatory requirements. The company's total risk-based capital ratio stood at 13.17% as of March 31, 2026, compared with 13.31% in the prior quarter. The Tier 1 leverage ratio was 9.07%, up from 8.99% at December 31, 2025.
During the first quarter, no shares were repurchased under the company's stock repurchase program approved in August 2025. The principal source of funds for dividend payments comes from dividends received from Open Bank.
Liquidity
The company reported liquid assets of $369.3 million as of March 31, 2026, consisting of $160.3 million in cash and cash equivalents and $209.0 million in available-for-sale debt securities. Liquid assets represented 14% of total assets.
Total available borrowings from various financial institutions, including the Federal Home Loan Bank of San Francisco and the Federal Reserve Bank, stood at $721.9 million, or 27% of total assets. Combined liquid assets and available borrowings totaled 47% of total deposits.