OP Bancorp | 10-Q: FY2025 Q3 Revenue: USD 42.65 M

Revenue: As of FY2025 Q3, the actual value is USD 42.65 M.

EPS: As of FY2025 Q3, the actual value is USD 0.45, beating the estimate of USD 0.44.

EBIT: As of FY2025 Q3, the actual value is USD -10.67 M.

Interest Income: $38,522 thousand for the three months ended September 30, 2025, compared to $35,299 thousand for the same period in 2024. For the nine months ended September 30, 2025, interest income was $111,046 thousand, compared to $102,569 thousand in 2024.

Net Interest Income: $20,346 thousand for the three months ended September 30, 2025, compared to $16,506 thousand for the same period in 2024. For the nine months ended September 30, 2025, net interest income was $57,485 thousand, compared to $48,679 thousand in 2024.
Provision for Credit Losses: $1,175 thousand for the three months ended September 30, 2025, compared to $448 thousand for the same period in 2024. For the nine months ended September 30, 2025, provision for credit losses was $3,117 thousand, compared to $1,210 thousand in 2024.
Noninterest Income: $4,130 thousand for the three months ended September 30, 2025, compared to $4,240 thousand for the same period in 2024. For the nine months ended September 30, 2025, noninterest income was $12,914 thousand, compared to $12,010 thousand in 2024.
Noninterest Expense: $13,629 thousand for the three months ended September 30, 2025, compared to $12,720 thousand for the same period in 2024. For the nine months ended September 30, 2025, noninterest expense was $41,480 thousand, compared to $37,066 thousand in 2024.
Net Income: $6,703 thousand for the three months ended September 30, 2025, compared to $5,436 thousand for the same period in 2024. For the nine months ended September 30, 2025, net income was $18,596 thousand, compared to $16,098 thousand in 2024.

Net Cash Provided by Operating Activities: $22,606 thousand for the nine months ended September 30, 2025, compared to $25,945 thousand for the same period in 2024.
Net Cash Used in Investing Activities: -$210,117 thousand for the nine months ended September 30, 2025, compared to -$169,365 thousand for the same period in 2024.
Net Cash Provided by Financing Activities: $219,316 thousand for the nine months ended September 30, 2025, compared to $218,960 thousand for the same period in 2024.

Allowance for Credit Losses on Loans: $27,299 thousand as of September 30, 2025, compared to $24,796 thousand as of December 31, 2024.

Core Business Focus: The company plans to continue leveraging its strong customer loyalty and management expertise to navigate the evolving banking environment, particularly in response to changes in interest rates and economic conditions.
Non-Core Business: The company maintains a focus on expanding its loan production offices and enhancing its service offerings to meet the needs of its diverse customer base.