OP Bancorp(OPBK) - 2024 Q1 - Quarterly Results
OP Bancorp(OPBK)2024-04-26 04:47
Exhibit 99.1 OP BANCORP REPORTS NET INCOME FOR 2024 FIRST QUARTER OF $5.2 MILLION AND DILUTED EARNINGS PER SHARE OF $0.34 2024 First Quarter Highlights compared with 2023 Fourth Quarter: • Financial Results: ◦ Net income of $5.23 million, compared to $5.17 million ◦ Diluted earnings per share of $0.34, compared to $0.34 ◦ Net interest income of $16.0 million, compared to $16.2 million ◦ Net interest margin of 3.06%, compared to 3.12% ◦ Provision for credit losses of $0.1 million, compared to $0.6 million ◦ ...