Filing Flows › OP Bancorp (OPBK) › Q1 2025
OP Bancorp (OPBK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
OP Bancorp (OPBK) reported revenue of $22.2M for the first quarter 2025 (Q1 2025), +14% from a year earlier and +4% from the quarter before. Operating margin was 34.6%, net earnings $5.6M (25.0% of revenue).
OP Bancorp, Q1 2025: revenue $22.2M (+14% year over year), operating margin 34.6%, net earnings $5.6M, operating cash flow $5.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.2M | +4% | +14% |
| Operating profit | $7.7M | +15% | +6% |
| Net earnings | $5.6M | +12% | +6% |
| Operating cash flow | $5.6M | +6% | — |
| Free cash flow | $4.2M | -6% | — |
What changed
Revenue was $22.2M in Q1 2025, up 14% year over year and up 4% from the previous quarter.
Operating profit was $7.7M, a 34.6% margin (down 2.6 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, below the 37% margin then. Total costs grew 18% against revenue growth of 14%. The fastest-growing cost line was Credit loss provision (+408%). Net earnings were $5.6M, up 6% year over year. The effective tax rate was 27.6%.
Operating cash flow was $5.6M, 101% of net earnings. Non-cash charges added back $347K of depreciation and $160K of share-based compensation. Working capital and other items used $450K. Capital expenditures of $1.4M left free cash flow of $4.2M.
Questions
What was OP Bancorp's revenue in the first quarter 2025?
OP Bancorp (OPBK) reported revenue of $22.2M for the first quarter 2025 (Q1 2025), +14% from a year earlier and +4% from the quarter before.
Was OP Bancorp profitable in the first quarter 2025?
Operating profit was $7.7M (34.6% of revenue) and net earnings $5.6M.
Source: OP Bancorp 10-Q on SEC EDGAR.