Filing Flows › OP Bancorp (OPBK) › Q1 2026
OP Bancorp (OPBK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
OP Bancorp (OPBK) reported revenue of $24.6M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +1% from the quarter before. Operating margin was 40.4%, net earnings $7.2M (29.5% of revenue).
OP Bancorp, Q1 2026: revenue $24.6M (+10% year over year), operating margin 40.4%, net earnings $7.2M, operating cash flow $7.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $24.6M | +1% | +10% |
| Operating profit | $9.9M | +4% | +29% |
| Net earnings | $7.2M | +3% | +30% |
| Operating cash flow | $7.7M | +117% | +37% |
| Free cash flow | $7.6M | +120% | +81% |
What changed
Revenue was $24.6M in Q1 2026, up 10% year over year and up 1% from the previous quarter.
Operating profit was $9.9M, a 40.4% margin (up 5.8 points year over year). Of the extra revenue versus Q1 2025, 96% reached operating profit, above the 35% margin then. Total costs grew 1% against revenue growth of 10%. Net earnings were $7.2M, up 30% year over year. The effective tax rate was 27.0%.
Operating cash flow was $7.7M (up 37% year over year), 107% of net earnings. Non-cash charges added back $2.1M of depreciation and amortization and $180K of share-based compensation. Working capital and other items used $1.8M. Capital expenditures of $114K left free cash flow of $7.6M.
Questions
What was OP Bancorp's revenue in the first quarter 2026?
OP Bancorp (OPBK) reported revenue of $24.6M for the first quarter 2026 (Q1 2026), +10% from a year earlier and +1% from the quarter before.
Was OP Bancorp profitable in the first quarter 2026?
Operating profit was $9.9M (40.4% of revenue) and net earnings $7.2M.
Source: OP Bancorp 10-Q on SEC EDGAR.