OP Bancorp Declares Quarterly Cash Dividend of $0.12 per Share

Rhea-AI Summary

OP Bancorp (NASDAQ: OPBK), the holding company of Open Bank, has announced a quarterly cash dividend of $0.12 per share of common stock. The dividend will be paid on November 21, 2024, to shareholders of record as of the close of business on November 7, 2024.

Positive

• Maintaining consistent quarterly dividend payments, indicating financial stability
• Direct return of capital to shareholders through $0.12 per share dividend

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about November 21, 2024 to all shareholders of record as of the close of business on November 7, 2024.

About OP Bancorp

OP Bancorp, the holding company for Open Bank (the “Bank”), is a California corporation whose common stock is quoted on the Nasdaq Global Market under the ticker symbol, “OPBK.” The Bank is engaged in the general commercial banking business in Los Angeles, Orange, and Santa Clara Counties in California, the Dallas metropolitan area in Texas, and Clark County in Nevada and is focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. The Bank currently operates with eleven full service branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Cerritos, Gardena, Buena Park, and Santa Clara, California, Carrollton, Texas, and Las Vegas, Nevada. The Bank also has five loan production offices in Pleasanton, California, Atlanta, Georgia, Aurora, Colorado, Lynnwood, Washington, and Fairfax, Virginia. The Bank commenced its operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank in October 2010. Its headquarters is located at 1000 Wilshire Blvd., Suite 500, Los Angeles, California 90017. Phone 213.892.9999; www.myopenbank.com Member FDIC, Equal Housing Lender.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241024469637/en/

Investor Relations

OP Bancorp

Christine Oh

EVP & CFO

213.892.1192

Christine.oh@myopenbank.com

Source: OP Bancorp

FAQ

What is OP Bancorp's (OPBK) dividend amount for Q4 2024?

OP Bancorp (OPBK) declared a quarterly cash dividend of $0.12 per share for Q4 2024.

When is OP Bancorp's (OPBK) next dividend payment date?

OP Bancorp's dividend will be paid on November 21, 2024.

What is the record date for OP Bancorp's (OPBK) Q4 2024 dividend?

The record date for OP Bancorp's Q4 2024 dividend is November 7, 2024.

How often does OP Bancorp (OPBK) pay dividends?

OP Bancorp pays dividends on a quarterly basis.