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 February 20, 2025, to shareholders of record as of the close of business on February 6, 2025.

Positive

• Regular quarterly dividend payment of $0.12 per share maintains consistent shareholder returns
• Continued ability to distribute dividends indicates stable financial position

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 February 20, 2025 to all shareholders of record as of the close of business on February 6, 2025.

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/20250123245145/en/

Investor Relations

OP Bancorp

Christine Oh

EVP & CFO

213.892.1192

Christine.oh@myopenbank.com

Source: OP Bancorp

FAQ

When is OPBK's next dividend payment date in 2025?

OP Bancorp's next dividend payment is scheduled for February 20, 2025.

What is the dividend amount for OPBK stock in Q1 2025?

OP Bancorp declared a quarterly cash dividend of $0.12 per share.

What is the record date for OPBK's February 2025 dividend?

The record date for OP Bancorp's dividend is February 6, 2025.

How much will OPBK shareholders receive per share in the February 2025 dividend?

OPBK shareholders will receive $0.12 per share in the February 2025 dividend payment.