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Regional Pacific Banks
Sure, here is some general information about Opus Bank, which trades under the stock symbol "OPBK" on the Nasdaq stock exchange:
* Opus Bank is a community bank located in Irvine, California, with $11.8 billion in assets.
* Opus Bank provides a range of banking services including personal banking, business banking, and loan services.
* The bank has 50 branches across the Western United States.
* Opus was established in 2004 and trades on the Nasdaq under the ticker symbol OPBK.
With a focus on H, Earnings, and Growth:
* The bank has continually expanded its services to include residential and commercial real estate lending, commercial loans, commercial deposit products, treasury management, credit, and debit cards, and a variety of retirement and savings accounts.
* Opus Bank reported net income of $25.5 million for the 2022 first quarter, which showed a rise from $20.6 million, or 24%, from the previous year.
* Opus Bank saw a 20.2% annualized growth rate in the first quarter, topping analyst estimates of 18.3%.
* At March 31, 28, 2022, loans and leases were $7.9 billion, an increase of $1.2 billion, or 18.1%, from $6.7 billion at December 31, 2022.
* Deposits increased $1.1 billion, or 18.25, from December 31, 2022, to stand at $7.6 billion as of March 31, 2022.
* Non-interest-bearing accounts made up 54.4% of total deposits at March 31, 2022, compared to 56.9% at December 31, 2022.
* Cost of deposits was 0.46% in the first quarter of 2022, a rise from the previous year's 0.36%.
In summary, Opus Bank (OPBK) is a community bank with a focus on commercial and retail banking services with a solid track record and growth potential.