OP Bancorp’s FY 2025 earnings snapshot

OP Bancorp (OPBK) closed FY 2025 with fourth quarter revenue of US$23.8 million and basic EPS of US$0.47. Trailing twelve month revenue reached US$91.1 million and EPS came in at US$1.73 alongside 24% earnings growth over the past year. Over recent periods the company has seen revenue move from US$79.3 million and EPS of US$1.39 on a trailing basis in late 2024 to US$91.1 million and US$1.73 respectively. The trailing net profit margin stepped up from 26.1% to 28.2%. For investors, that combination of higher earnings, firmer margins and revenue momentum sets the stage for a results season that is very much about the quality and durability of profitability.

See our full analysis for OP Bancorp.

With the numbers on the table, the next step is to see how this earnings run rate and margin profile line up with the widely held narratives around OP Bancorp, and where those stories might need adjusting.

Net margin at 28.2% on trailing basis

• Over the last twelve months, OP Bancorp earned US$25.7 million of net income on US$91.1 million of revenue, which works out to a 28.2% net profit margin compared with 26.1% a year earlier in the supplied data.
• What stands out for a bullish view is that this margin sits alongside trailing EPS of US$1.73 and 24% earnings growth over the past year. This heavily supports the idea of high quality profitability, but also raises the question of how sensitive that margin could be if revenue or costs shift from the patterns seen in the 2024 and 2025 quarterly figures.

Loan book passes US$2.1b with mixed credit signals

• Total loans in the quarterly data sit at US$2.15b in 4Q 2025 versus US$1.96b in 4Q 2024, while non performing loans are US$12.3 million in 3Q 2025 compared with US$7.8 million in 4Q 2024 and US$3.6 million in 3Q 2024.
• Bears focusing on asset quality can point to non performing loans rising within this period, yet the bank still produced US$7.1 million of net income in 4Q 2025 and kept cost to income ratios in a range between 55.68% and 62.13%. This challenges a bearish view that rising problem loans have already put clear pressure on overall profitability.
  • Net interest margin in the quarterly data runs between 2.95% and 3.26%, so critics worried about margin stress do not see that concern clearly reflected in the figures provided for 2024 and 2025.
  • At the same time, the increase in non performing loans from US$3.6 million in 3Q 2024 to US$12.3 million in 3Q 2025 gives bears a concrete data point to keep watching rather than treating credit risk as purely theoretical.

8.1x P/E and DCF fair value gap

• Based on the trailing twelve month EPS of US$1.73 and a share price of US$13.92, OP Bancorp trades on a P/E of 8.1x compared with 12.1x for the US Banks industry and 12.6x for peers, while the provided DCF fair value of US$29.93 sits well above the current share price.
• Supporters of a bullish narrative often highlight this valuation gap, and the combination of 24% trailing earnings growth with a P/E discount to both industry and peers gives that view clear numerical backing. It is equally true that investors need to judge for themselves whether the difference between US$13.92 and the US$29.93 DCF fair value simply reflects caution about sustaining the current earnings run rate.
  • The data also include an analyst price target level of US$16.50, which is above the current share price but well below the DCF fair value figure, showing that not all valuation anchors point to the same upside.
  • For anyone weighing these signals, the gap between the 8.1x P/E at US$13.92 and the higher industry P/E benchmarks is one of the clearest numeric reasons bulls see room for the market view to shift.

To see how this valuation picture fits with different long term views on growth and risk, take a look at the full narrative range for OP Bancorp. 📊 Read the full OP Bancorp Consensus Narrative.

Next Steps

Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on OP Bancorp's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.

See What Else Is Out There

OP Bancorp’s rising non performing loans, along with questions about how durable its current margins and earnings run rate might be, leaves some investors uneasy about risk.

If those balance sheet and credit quality worries feel a bit too close for comfort, shift your focus to solid balance sheet and fundamentals stocks screener (388 results) and zero in on companies built on sturdier financial footing.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.