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open bank Banking Together , Sharing Together News Release OP Bancorp Reports Second Quarter 2026 Net Income of $ 8.0 Million , Diluted EPS of $ 0.53 compared with first quarter 2026 net income of $ 7.2 million , diluted EPS of $ 0.48 , and second quarter 2025 net income of $ 6.3 million , diluted EPS of $ 0.42 Revenue growth ; reversal of provision for credit losses ; improved operating efficiency Los Angeles , CA ( July 23 , 2026 ) - OP Bancorp ( the " Company " ) ( NASDAQ : OPBK ) , parent company of Open Bank , today reported : ( $ in thousands , except per share data ) Income Statement : Net interest income Noninterest income Revenue ( Reversal of ) provision for credit losses As of and For the Quarter 2Q2026 $ 20,068 5,651 $ 25,719 1Q2026 20,523 4,032 24,555 2Q2025 19,721 3,968 23,689 First Quarter Highlights Comparisons reflect 2Q26 vs. 1Q26 Income Statement Revenue continued to grow . Reversal of provision reflected the payoff of a previously reserved nonaccrual CRE loan . Net income increased 10 % , benefiting from strong revenue growth and reversal of provision Diluted EPS improved by $ 0.05 to $ 0.53 . Net interest margin decreased due to a one - time accrual adjustment related to Federal Reserve account . ( 149 ) 412 1,206 Noninterest expense 14,826 14,233 14,037 Net income 7,978 7,234 $ 6,333 Diluted Earnings Per Share ( " EPS " ) $ 0.53 $ 0.48 $ Net interest margin ( 1 ) Efficiency ratio ( 2 ) 3.08 % 57.64 3.19 % 0.42 3.23 % 57.97 59.25 Balance Sheet : Balance Sheet Average loans ( 3 ) Average deposits 2,253,270 $ 2,315,821 2,226,749 2,300,455 $ 2,095,168 2,223,575 Average loans increased 1 % . Average deposits increased 1 % . Credit Quality : Net charge - offs ( recoveries ) ( 1 ) to average gross loans Credit Quality ⚫ Net charge - offs remained low . 0.03 % ( 0.01 ) % 0.06 % Allowance for credit losses on loans to gross loans ⚫ Allowance coverage remained robust at 1.24 % of gross loans . 1.24 1.27 1.27 Selected Ratios : Performance and Capital Book value per share 15.99 15.62 14.36 Return on average assets ( " ROAA " ) ( 1 ) ⚫ Book value per share continued to increase , reflecting growth in stockholders ' equity . ROAA and ROAE improved , reflecting stronger profitability 1.18 % 1.08 % 1.00 % Return on average equity ( " ROAE " ) ( 1 ) 13.61 12.56 11.97 Stockholders ' equity to asset ratio 8.70 8.62 8.34 Common equity tier 1 capital ( " CET1 " ) 10.98 10.83 11.01 • Stockholders ' equity to asset increased , supporting the Company's capital strength . CET1 remained robust , reflecting a solid capital position . Annualized . Represents noninterest expense divided by the sum of net interest income and noninterest income . Includes loans held - for - sale .