Company Quick10K Filing
OP Bancorp
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 16 $158
10-K 2020-03-16 Annual: 2019-12-31
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-14 Quarter: 2019-03-31
10-K 2019-03-15 Annual: 2018-12-31
10-Q 2018-11-13 Quarter: 2018-09-30
10-Q 2018-08-13 Quarter: 2018-06-30
10-Q 2018-05-15 Quarter: 2018-03-31
S-1 2018-03-05 Public Filing
8-K 2020-02-28 Other Events, Exhibits
8-K 2020-01-23 Earnings, Other Events, Exhibits
8-K 2019-10-24 Earnings, Other Events, Exhibits
8-K 2019-08-28 Other Events, Exhibits
8-K 2019-07-25 Earnings, Other Events, Exhibits
8-K 2019-07-25 Shareholder Vote
8-K 2019-04-26 Earnings, Other Events, Exhibits
8-K 2019-01-25 Earnings, Other Events, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-08-23 Shareholder Vote
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-03-29 Enter Agreement, Other Events, Exhibits
8-K 2018-03-27 Enter Agreement, Other Events, Exhibits

OP Bancorp Financials

OPBK Metrics, Comps, Filings

Annual | Quarterly

Business

We are a bank holding company headquartered in Los Angeles, California. Our commercial banking activities are operated through Open Bank, our banking subsidiary. We offer commercial banking services to small and medium-sized businesses, their owners and retail customers with a focus on the Korean-American community. Having grown our branch and loan production office network over the past eight years, we now operate through eight full service branches located in the greater metropolitan area of Los Angeles, California, Orange County, California, and Santa Clara County, and five loan production offices in the Korean-American communities in Atlanta, Georgia, Aurora, Colorado, Dallas, Texas, and Lynnwood and Seattle, Washington. We opened our newest branch in Santa Clara, California in the second quarter of 2018, and we intend to open a full service branch in Carrollton, Texas in the second quarter of 2019.

As of December 31, 2018, we had consolidated total assets of $1.04 billion, total deposits of $ 905.2 million, total loans outstanding (net of allowance for loan losses) of $ 865.4 million, and total shareholders' equity of $129.8 million. We completed our initial public offering in March 2018 and our common stock was listed on the Nasdaq Global Market.

We believe that we provide our customers with a high degree of service, convenience and the financial products 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 CRE, commercial and industrial, 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 products and services to our customers to complement our lending and deposit business.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Level One Bancorp (LEVL) 201 6.9 1% 1,509 1,341 0 0 15 39 268
Northeast Bancorp (NBN) 177 0.5 2% 1,231 1,078 0 0 19 46 25
C&F Financial (CFFI) 182 0% 5.5 1% 1,619 1,457 95 0 18 33 182
Ohio Valley Banc (OVBC) 178 5.9 1% 1,046 921 0 0 10 18 108
Evans Bancorp (EVBN) 182 0% 8.9 0% 1,456 1,311 9 0 0 17 147
Community Bankers Trust (ESXB) 193 0% 7.4 1% 1,423 1,270 2 0 12 26 193
Mackinac Financial (MFNC) 166 0% 3.4 1% 1,355 1,195 1 0 11 24 83
Bank7 (BSVN) 193 3.6 1% 827 726 0 0 9 23 82
Capital Bancorp (CBNK) 196 3.8 1% 1,311 1,184 0 0 15 37 141
Peoples Bancorp of North Carolina (PEBK) 171 2.1 1% 1,223 1,091 0 0 14 20 41
Hawthorn Bancshares (HWBK) 149 2.8 1% 1,449 1,337 0 0 17 37 105
Oak Valley Bancorp (OVLY) 138 1.6 1% 1,101 992 0 0 9 14 22
FNCB Bancorp (FNCB) 158 0% 9.0 1% 1,197 1,065 2 0 8 23 211
OP Bancorp (OPBK) 158 0% 1.8 1% 1,152 1,014 1 0 16 38 69
Union Bankshares (UNB) 140 9.9 1% 845 774 0 0 7 14 140
First Financial Northwest (FFNW) 153 0% 4.6 1% 1,308 1,153 3 0 10 30 139
Colony Bankcorp (CBAN) 149 5.0 1% 1,478 1,348 0 0 7 19 93
First Community (FCCO) 151 0% 6.6 1% 1,130 1,011 1 0 11 18 118
Stewardship Financial (SSFN) 134 6.1 1% 964 880 0 0 7 20 122
Standard AVB Financial (STND) 130 9.9 0% 991 850 0 0 0 10 100

Balance Sheet ($MM)2018-12-31
Cash78
Accounts Receivable
Inventory
PP&E5
Assets1,044
Accounts Payable
Long-Term Debt
Liabilities914
Stockholders' Equity130
Income Statement ($MM)2018-12-31
Revenue2
Cost of Revenue
Gross Profit
R&D
SG&A
Tax5
Net Income14
Cash Flow ($MM)2018-12-31
Cash Operating31
Cash Investing-146
Cash Financing130