I my case, moving the (hi-res) splash bitmap from drawable to drawable-xxhdpi was the solution.
I had the same problem. I didn’t suspect my splash screen to be the problem, since it is displayed when the app is started, but it turned out the splash screen is the problem.
The splash screen in my case has xxhdpi resolution, and it was mistakenly placed in the drawable folder, instead of drawable-xxhdpi. This made Android assume the splash screen had mdpi resolution and scale the image to 3*3 times it’s required size and trying to create a bitmap.