Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its third quarter and nine months ended September 30, 2026.
For the third quarter of 2026, the Company reported net income of $35.6 million, or $0.28 per diluted common share, up 8% from net income of $33.0 million, or $0.26 per diluted common share, for the second quarter of 2026, and up 16% from net income of $30.8 million, or $0.24 per diluted common share, for the third quarter of 2025. Excluding notable items, which consisted of merger-related costs, third quarter 2026 net income(1) was $37.5 million, or $0.29 per diluted common share(1).
“Revenue growth and positive operating leverage drove strong quarter-over-quarter and year-over-year growth in pre-provision net revenue(1) and net income in the third quarter,” said Kevin S. Kim, Chairman, President and Chief Executive Officer of the Company. “Through our continued focus on improving profitability, many key drivers contributed to this quarter’s results, including loan growth, lower deposit costs, net interest margin expansion, growth in customer fee income and disciplined expense management.”
Kim continued, “On October 1, 2026, we completed the acquisition of the Commercial Banking Unit of SMBC MANUBANK (“MANUBANK”), an important milestone in the continued evolution of Bank of Hope. The acquisition advances our core strategic priority to create long-term stockholder value by expanding our presence in Southern California, enhancing our deposit base, adding specialty deposit banking capabilities and broadening our ability to serve multinational customers with U.S. operations. Our Collaboration and Partnership Agreement with Sumitomo Mitsui Banking Corporation (“SMBC”), which became effective upon closing, opened a meaningful channel to connect customers across markets. We warmly welcome the MANUBANK team and customers as we begin our next chapter together.”
“We remain focused on sustainable and profitable earnings growth across a range of operating environments, the results of which are demonstrated in our year-to-date earnings momentum. The strategic benefits of the MANUBANK acquisition will help bolster continued progress in 2027 and beyond,” concluded Kim. “We sincerely thank all our colleagues for their dedication and contributions to the ongoing integration process and the success of Bank of Hope.”
|
(1) |
Net income excluding notable items, earnings per diluted common share excluding notable items and pre-provision net revenue are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 to 12. Notable items in the second quarter of 2026 included merger-related costs; notable items for the prior periods are detailed on Table Pages 10 to 12. |
|
Operating Results for the Third Quarter of 2026
Net interest income and net interest margin. Net interest income totaled $135.4 million for the third quarter of 2026, up $6.4 million, or 5%, compared with $129.0 million for the second quarter of 2026, and up $8.8 million, or 7%, from the third quarter of 2025. Net interest margin for the third quarter of 2026 was 3.02%, up six basis points from 2.96% for the second quarter of 2026, and up 13 basis points from 2.89% for the year-ago quarter.
The sequential quarter increase in net interest income was primarily driven by growth in average earning asset balances, higher loan yields and lower deposit costs. The quarter-over-quarter net interest margin expansion was primarily attributable to higher earning asset yields and a favorable funding mix shift. The yield on average loans increased five basis points sequentially to 5.78% for the third quarter of 2026, while the cost of total deposits declined by two basis points to 2.58%.
Noninterest income. For the third quarter of 2026, noninterest income totaled $22.1 million, up $3.3 million, or 17%, compared with $18.9 million for the second quarter of 2026, and up $6.7 million, or 44%, compared with noninterest income of $15.4 million for the third quarter of 2025. The sequential quarter increase in noninterest income reflects growth in customer-related income and fees and higher net gains on sales of Small Business Administration (“SBA”) loans, as well as $3.1 million in net gain on sales of other loans partially offset by a $1.2 million decrease in net gains on sales of securities available for sale. The Company sold $72.2 million of SBA loans in the third quarter of 2026 for a net gain of $4.7 million, compared with $67.9 million of SBA loans sold for a net gain of $4.4 million in the second quarter of 2026.
Noninterest expense. Noninterest expense for the third quarter of 2026 was $102.8 million, up $4.3 million, or 4%, from $98.5 million for the second quarter of 2026, and up $5.9 million, or 6%, from $96.9 million for the third quarter of 2025. Noninterest expense excluding notable items(2) for the third quarter of 2026 was $100.1 million.
In the third quarter of 2026, the reported efficiency ratio improved to 65.3%, down from 66.6% in the prior quarter and 68.2% in the year-ago quarter, as revenue growth outpaced noninterest expense growth. This positive operating leverage also drove growth in pre-provision net revenue(2), which totaled $54.7 million, up 11% quarter-over-quarter and 21% year-over-year. Excluding notable items(2), the efficiency ratio for the third quarter of 2026 was 63.6%, and pre-provision net revenue(2) was $57.3 million.
Income tax provision and tax rate. For the third quarter of 2026, the Company recorded an income tax provision of $10.5 million, compared with an income tax provision of $9.6 million for the second quarter of 2026 and $5.6 million for the third quarter of 2025. The year-to-date effective tax rate for the first nine months of 2026 was 22.5%.
Balance Sheet Summary
Total assets. At September 30, 2026, total assets were $19.19 billion, compared with $18.99 billion at June 30, 2026, and $18.51 billion at September 30, 2025.
Loans. At September 30, 2026, gross loans totaled $15.12 billion, up 1% from $15.03 billion at June 30, 2026, and up 3% from $14.62 billion at September 30, 2025. Year-to-date, gross loans were up 2%. Third quarter 2026 average loans were $14.97 billion, up 1%, equivalent to 5% annualized, from $14.79 billion for the second quarter of 2026, and up 3% from $14.52 billion for the third quarter of 2025. Quarter-over-quarter, loan growth was primarily driven by increases in commercial and industrial and residential mortgage loans. Year-over-year, all of our major loan portfolios of commercial and industrial, residential mortgage and commercial real estate grew.
|
(2) |
Noninterest expense excluding notable items, efficiency ratio excluding notable items, pre-provision net revenue and pre-provision net revenue excluding notable items are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 to 12. |
|
The following table sets forth the loan portfolio composition at September 30, 2026, June 30, 2026, and September 30, 2025:
|
(dollars in thousands) (unaudited) |
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
||||||||||||
|
|
Balance |
|
Percentage |
|
Balance |
|
Percentage |
|
Balance |
|
Percentage |
||||||
|
Commercial real estate (“CRE”) loans |
$ |
8,501,707 |
|
56.3 |
% |
|
$ |
8,583,967 |
|
57.1 |
% |
|
$ |
8,434,919 |
|
57.7 |
% |
|
Commercial and industrial (“C&I”) loans |
|
4,009,821 |
|
26.5 |
% |
|
|
3,896,116 |
|
25.9 |
% |
|
|
3,752,111 |
|
25.6 |
% |
|
Residential mortgage and other loans |
|
2,606,317 |
|
17.2 |
% |
|
|
2,554,104 |
|
17.0 |
% |
|
|
2,436,607 |
|
16.7 |
% |
|
Gross loans (including held for sale) |
$ |
15,117,845 |
|
100.0 |
% |
|
$ |
15,034,187 |
|
100.0 |
% |
|
$ |
14,623,637 |
|
100.0 |
% |
Deposits. At September 30, 2026, deposits totaled $16.12 billion, up 2% from $15.88 billion at June 30, 2026, and up 2% compared with $15.83 billion at September 30, 2025. On a sequential quarter basis, end-of-period noninterest bearing demand deposits declined 1%; money market, interest bearing demand and savings deposits increased 10% in aggregate, and time deposits decreased 5%. On an average basis, noninterest bearing demand deposits increased 4% quarter-over-quarter. The planned reduction in time deposits reflected our ongoing efforts to improve the funding mix and reduce the overall cost of funds. The share of time deposits in our deposit mix decreased to 36.7% at September 30, 2026, down from 39.9% a year ago.
The following table sets forth the deposit composition at September 30, 2026, June 30, 2026, and September 30, 2025:
|
(dollars in thousands) (unaudited) |
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
||||||||||||
|
|
Balance |
|
Percentage |
|
Balance |
|
Percentage |
|
Balance |
|
Percentage |
||||||
|
Noninterest bearing demand deposits |
$ |
3,501,963 |
|
21.7 |
% |
|
$ |
3,548,452 |
|
22.4 |
% |
|
$ |
3,507,659 |
|
22.2 |
% |
|
Money market, interest bearing demand, and savings deposits |
|
6,708,100 |
|
41.6 |
% |
|
|
6,079,728 |
|
38.3 |
% |
|
|
5,995,488 |
|
37.9 |
% |
|
Time deposits |
|
5,906,106 |
|
36.7 |
% |
|
|
6,248,363 |
|
39.3 |
% |
|
|
6,328,115 |
|
39.9 |
% |
|
Total deposits |
$ |
16,116,169 |
|
100.0 |
% |
|
$ |
15,876,543 |
|
100.0 |
% |
|
$ |
15,831,262 |
|
100.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Gross loan-to-deposit ratio |
|
|
93.8 |
% |
|
|
|
94.7 |
% |
|
|
|
92.4 |
% |
|||
Credit Quality and Allowance for Credit Losses
Criticized loans. Criticized loan balances remained essentially stable quarter-over-quarter and improved year-over-year. Criticized loans were $334.8 million at September 30, 2026, compared with $334.3 million at June 30, 2026, and down $38.1 million, or 10%, year-over-year from $372.9 million at September 30, 2025. The criticized loan ratio improved to 2.22% of total loans receivable at September 30, 2026, compared with 2.24% at June 30, 2026, and down 34 basis points from 2.56% at September 30, 2025.
Nonperforming assets. Nonperforming assets declined $4.4 million from the prior quarter to $108.5 million, or 0.57% of total assets, at September 30, 2026, compared with 0.59% of total assets at June 30, 2026, and 0.61% of total assets at September 30, 2025. The quarter-over-quarter improvement primarily reflected a reduction in nonaccrual loans.
The following table sets forth the components of nonperforming assets at September 30, 2026, June 30, 2026, and September 30, 2025:
|
(dollars in thousands) (unaudited) |
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
||||||
|
Loans on nonaccrual status (1) |
$ |
107,797 |
|
|
$ |
111,973 |
|
|
$ |
110,010 |
|
|
Accruing delinquent loans past due 90 days or more |
|
— |
|
|
|
515 |
|
|
|
2,149 |
|
|
Total nonperforming loans |
|
107,797 |
|
|
|
112,488 |
|
|
|
112,159 |
|
|
Other real estate owned |
|
661 |
|
|
|
365 |
|
|
|
— |
|
|
Total nonperforming assets |
$ |
108,458 |
|
|
$ |
112,853 |
|
|
$ |
112,159 |
|
|
|
|
|
|
|
|
|
|
|
|||
|
Nonperforming assets/total assets |
|
0.57 |
% |
|
|
0.59 |
% |
|
|
0.61 |
% |
|
(1) Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $17.3 million, $17.1 million and $15.3 million at September 30, 2026, June 30, 2026, and September 30, 2025, respectively. |
|||||||||||
Net charge-offs. The Company recorded net charge-offs of $7.0 million for the third quarter of 2026, equivalent to 0.19%, annualized, of average loans. This compares with net charge-offs of $9.0 million, or 0.24%, annualized, of average loans for the second quarter of 2026, and $5.1 million, or 0.14%, annualized, of average loans for the third quarter of 2025.
Provision for credit losses. For the third quarter of 2026, the Company recorded a provision for credit losses of $8.6 million, compared with $6.8 million for the second quarter of 2026 and $8.7 million for the third quarter of 2025. The sequential quarter increase in the provision for credit losses reflected higher loan balances, partially offset by lower net charge-offs in the third quarter of 2026 compared with the prior quarter.
Allowance for credit losses. The allowance for credit losses totaled $154.3 million at September 30, 2026, compared with $153.2 million at June 30, 2026, and $152.5 million at September 30, 2025. The allowance coverage ratio was 1.03% of loans receivable at September 30, 2026, unchanged from June 30, 2026, and compared with 1.05% at September 30, 2025.
The following table sets forth the allowance for credit losses and the coverage ratios at September 30, 2026, June 30, 2026, and September 30, 2025:
|
(dollars in thousands) (unaudited) |
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
||||||
|
Allowance for credit losses |
$ |
154,325 |
|
|
$ |
153,218 |
|
|
$ |
152,509 |
|
|
Allowance for credit losses/loans receivable |
|
1.03 |
% |
|
|
1.03 |
% |
|
|
1.05 |
% |
Capital
At September 30, 2026, the capital ratios of the Company and the Bank continued to exceed all regulatory capital requirements generally required to meet the definition of a “well-capitalized” financial institution.
The following table sets forth the capital ratios for the Company at September 30, 2026, June 30, 2026, and September 30, 2025:
|
(unaudited) |
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
|
Minimum Guideline for “Well-Capitalized” |
|
Common Equity Tier 1 Capital Ratio |
12.25% |
|
12.27% |
|
12.14% |
|
6.50% |
|
Tier 1 Capital Ratio |
12.93% |
|
12.95% |
|
12.83% |
|
8.00% |
|
Total Capital Ratio |
13.92% |
|
13.95% |
|
13.85% |
|
10.00% |
|
Leverage Ratio |
11.01% |
|
11.07% |
|
10.86% |
|
5.00% |
|
Tangible Common Equity (“TCE”) Ratio(3) |
9.28% |
|
9.58% |
|
9.64% |
|
N/A |
During the third quarter of 2026, the Company continued to return capital to stockholders through its quarterly common stock dividend of 14 cents per share.
At September 30, 2026, total stockholders’ equity was $2.26 billion, compared with $2.30 billion at June 30, 2026, reflecting growth in retained earnings, return of capital to stockholders, and the net change in accumulated other comprehensive income (“AOCI”), which decreased due to the negative impact of rising interest rates on the fair value of available-for-sale securities. Book value per share at September 30, 2026, was $17.67, compared with $17.97 at June 30, 2026; and TCE per share(3) was $13.55 at September 30, 2026, compared with $13.85 at June 30, 2026.
Subsequent Events
Acquisition of SMBC MANUBANK Commercial Banking Unit. On October 1, 2026, the Company completed the acquisition of the Commercial Banking Unit of SMBC MANUBANK. As part of the closing of the MANUBANK transaction, the Company received an estimated(4) net cash settlement of $307.4 million from the seller, SMBC.
As of the acquisition date of October 1, 2026, loans acquired from MANUBANK totaled approximately $2.20 billion before purchase and other accounting adjustments, comprising $1.35 billion of real estate loans and $0.85 billion of commercial loans, which included $0.20 billion in SBA loans purchased by MANUBANK in the secondary market. Excluding these SBA loans, MANUBANK’s loan portfolio had a weighted average coupon rate of approximately 5.69% at October 1, 2026, before purchase and other accounting adjustments. MANUBANK’s SBA loan portfolio consisted of purchased guaranteed portions of 7(a) loans and these loans would have had a relatively low effective yield for the Company after acquisition; therefore, it was subsequently sold on October 21, 2026, for total net proceeds of $191.3 million with no gain or loss recognized on the sale.
Deposits acquired from MANUBANK totaled approximately $2.60 billion before purchase and other accounting adjustments, comprising $0.66 billion of noninterest bearing demand deposits, $1.77 billion of interest bearing non-maturity deposits, and $0.18 billion of time deposits. The acquired deposits had a weighted average cost of 2.22% at October 1, 2026, before purchase and other accounting adjustments.
|
(3) |
TCE ratio and TCE per share are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 to 12. |
|
|
(4) |
The net cash settlement is based on an estimated final closing statement and is subject to adjustment. |
|
Investor Conference Call
The Company previously announced that it will host an investor conference call on Wednesday, October 28, 2026, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review its unaudited financial results for its third quarter and nine months ended September 30, 2026. Investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (international) and asking for the “Hope Bancorp Call.” A presentation to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp’s website at www.ir-hopebancorp.com. Other interested parties are invited to listen to a live webcast of the call available at the Investor Relations section of Hope Bancorp’s website. After the live webcast, a replay will remain available at the Investor Relations section of Hope Bancorp’s website for at least one year. A telephonic replay of the call will be available at 855-669-9658 (domestic) or 412-317-0088 (international) for one week through November 4, 2026, with the replay access code 6995890.
Non-GAAP Financial Metrics
This news release and accompanying financial tables contain certain non-GAAP financial measure disclosures, including net income excluding notable items, earnings per diluted common share excluding notable items, revenue excluding notable items, noninterest expense excluding notable items, efficiency ratio excluding notable items, effective tax rate excluding notable items, PPNR, PPNR excluding notable items, ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, TCE per share and TCE ratio. Management believes these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s operational performance and the Company’s capital levels and has included these figures in response to market participant interest in these financial metrics. These non-GAAP financial measures supplement, and do not replace, results prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and should be considered together with, and not as an alternative to, the most directly comparable GAAP financial measures. These non-GAAP financial measures may not be comparable to similarly titled measures used by other companies. Quantitative reconciliations of the most directly comparable GAAP to financial measures to the non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 through 12.
About Hope Bancorp, Inc.
Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company for Bank of Hope, a leading regional bank serving multicultural customers across the continental United States and Hawaii, with $19.19 billion in total assets as of September 30, 2026. Headquartered in Los Angeles, California, Bank of Hope offers a comprehensive range of commercial, corporate, and consumer banking products and services, including commercial and commercial real estate lending, SBA lending, residential mortgage and consumer lending, treasury management, foreign exchange solutions, interest rate derivatives, and international trade finance. Bank of Hope’s branch network comprises 45 full-service branches operating under the Bank of Hope banner across California, New York, New Jersey, Washington, Texas, Illinois, Alabama and Georgia, and 28 branches in Hawaii under the Territorial Savings banner; following the acquisition of MANUBANK branches on October 1, 2026, seven additional locations in California were added. Bank of Hope also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices throughout the United States, and a representative office in Seoul, South Korea. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to www.bankofhope.com for Bank of Hope and www.tsbhawaii.bank for Territorial Savings, a division of Bank of Hope. By including the foregoing website address links, the Company does not intend to incorporate by reference any material contained or accessible therein.
Forward-Looking Statements
Some statements in this news release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will”, “believes”, “expects”, “anticipates”, “intends”, “plans”, “estimates”, “projects”, and similar expressions and statements regarding Hope Bancorp’s strategic initiatives, the acquisition of the Commercial Banking Unit of SMBC MANUBANK (“MANUBANK”), and Hope Bancorp’s future financial and operational results and capital allocation strategy. With respect to any such forward-looking statements, Hope Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. With respect to the acquisition of MANUBANK, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among other things: difficulties and delays in integrating Hope Bancorp and MANUBANK and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; and deposit attrition, operating costs, customer loss and business disruption following the acquisition, including difficulties in maintaining relationships with employees and customers, which may be greater than expected. For additional information concerning these and other risk factors, see Hope Bancorp’s most recent Annual Report on Form 10‑K and other documents Hope Bancorp files with the SEC from time to time. Hope Bancorp does not undertake, and specifically disclaims, any obligation to update any forward‑looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share data)
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Assets: |
9/30/2026 |
|
6/30/2026 |
|
% change |
|
9/30/2025 |
|
% change |
||||||||
|
Cash and due from banks |
$ |
491,894 |
|
|
$ |
640,443 |
|
|
(23 |
)% |
|
$ |
454,909 |
|
|
8 |
% |
|
Investment securities |
|
2,395,438 |
|
|
|
2,179,253 |
|
|
10 |
% |
|
|
2,266,034 |
|
|
6 |
% |
|
Federal Home Loan Bank (“FHLB”) stock and other investments |
|
66,115 |
|
|
|
70,436 |
|
|
(6 |
)% |
|
|
106,411 |
|
|
(38 |
)% |
|
Gross loans, including loans held for sale |
|
15,117,845 |
|
|
|
15,034,187 |
|
|
1 |
% |
|
|
14,623,637 |
|
|
3 |
% |
|
Allowance for credit losses |
|
(154,325 |
) |
|
|
(153,218 |
) |
|
1 |
% |
|
|
(152,509 |
) |
|
1 |
% |
|
Accrued interest receivable |
|
55,392 |
|
|
|
53,592 |
|
|
3 |
% |
|
|
53,159 |
|
|
4 |
% |
|
Premises and equipment, net |
|
74,115 |
|
|
|
69,968 |
|
|
6 |
% |
|
|
69,152 |
|
|
7 |
% |
|
Goodwill and intangible assets |
|
525,997 |
|
|
|
526,890 |
|
|
0 |
% |
|
|
524,503 |
|
|
0 |
% |
|
Other assets |
|
617,017 |
|
|
|
570,365 |
|
|
8 |
% |
|
|
565,503 |
|
|
9 |
% |
|
Total assets |
$ |
19,189,488 |
|
|
$ |
18,991,916 |
|
|
1 |
% |
|
$ |
18,510,799 |
|
|
4 |
% |
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Liabilities: |
|
|
|
|
|
|
|
|
|
||||||||
|
Deposits |
$ |
16,116,169 |
|
|
$ |
15,876,543 |
|
|
2 |
% |
|
$ |
15,831,262 |
|
|
2 |
% |
|
FHLB and Federal Reserve Bank (“FRB”) borrowings |
|
374,000 |
|
|
|
472,000 |
|
|
(21 |
)% |
|
|
24,878 |
|
|
1,403 |
% |
|
Subordinated debentures and convertible notes, net |
|
112,040 |
|
|
|
111,675 |
|
|
0 |
% |
|
|
110,610 |
|
|
1 |
% |
|
Accrued interest payable |
|
62,823 |
|
|
|
63,865 |
|
|
(2 |
)% |
|
|
74,376 |
|
|
(16 |
)% |
|
Other liabilities |
|
266,998 |
|
|
|
171,981 |
|
|
55 |
% |
|
|
210,713 |
|
|
27 |
% |
|
Total liabilities |
$ |
16,932,030 |
|
|
$ |
16,696,064 |
|
|
1 |
% |
|
$ |
16,251,839 |
|
|
4 |
% |
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Stockholders’ Equity: |
|
|
|
|
|
|
|
|
|
||||||||
|
Common stock, $0.001 par value |
$ |
146 |
|
|
$ |
146 |
|
|
0 |
% |
|
$ |
146 |
|
|
0 |
% |
|
Additional paid-in capital |
|
1,528,289 |
|
|
|
1,525,555 |
|
|
0 |
% |
|
|
1,521,669 |
|
|
0 |
% |
|
Retained earnings |
|
1,216,813 |
|
|
|
1,199,120 |
|
|
1 |
% |
|
|
1,155,874 |
|
|
5 |
% |
|
Treasury stock, at cost |
|
(273,384 |
) |
|
|
(273,384 |
) |
|
0 |
% |
|
|
(264,667 |
) |
|
(3 |
)% |
|
Accumulated other comprehensive loss, net |
|
(214,406 |
) |
|
|
(155,585 |
) |
|
(38 |
)% |
|
|
(154,062 |
) |
|
(39 |
)% |
|
Total stockholders’ equity |
|
2,257,458 |
|
|
|
2,295,852 |
|
|
(2 |
)% |
|
|
2,258,960 |
|
|
0 |
% |
|
Total liabilities and stockholders’ equity |
$ |
19,189,488 |
|
|
$ |
18,991,916 |
|
|
1 |
% |
|
$ |
18,510,799 |
|
|
4 |
% |
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Common stock shares – authorized |
|
300,000,000 |
|
|
|
300,000,000 |
|
|
|
|
|
300,000,000 |
|
|
|
||
|
Common stock shares – outstanding |
|
127,758,427 |
|
|
|
127,741,836 |
|
|
|
|
|
128,185,271 |
|
|
|
||
|
Treasury stock shares |
|
18,155,561 |
|
|
|
18,155,561 |
|
|
|
|
|
17,382,835 |
|
|
|
||
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
|
Three Months Ended |
|
Nine Months Ended |
|||||||||||||||||||||||
|
|
9/30/2026 |
|
6/30/2026 |
|
% change |
|
9/30/2025 |
|
% change |
|
9/30/2026 |
|
9/30/2025 |
|
% change |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Interest and fees on loans |
$ |
218,216 |
|
$ |
211,378 |
|
3 |
% |
|
$ |
216,774 |
|
1 |
% |
|
$ |
635,513 |
|
|
$ |
623,098 |
|
|
2 |
% |
|
Interest on investment securities |
|
21,631 |
|
|
20,359 |
|
6 |
% |
|
|
21,467 |
|
1 |
% |
|
|
61,208 |
|
|
|
55,128 |
|
|
11 |
% |
|
Interest on cash and deposits at other banks |
|
4,051 |
|
|
3,808 |
|
6 |
% |
|
|
5,273 |
|
(23 |
)% |
|
|
11,637 |
|
|
|
19,261 |
|
|
(40 |
)% |
|
Interest on other investments and FHLB dividends |
|
1,260 |
|
|
632 |
|
99 |
% |
|
|
1,186 |
|
6 |
% |
|
|
3,121 |
|
|
|
3,471 |
|
|
(10 |
)% |
|
Total interest income |
|
245,158 |
|
|
236,177 |
|
4 |
% |
|
|
244,700 |
|
0 |
% |
|
|
711,479 |
|
|
|
700,958 |
|
|
2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Interest on deposits |
|
103,493 |
|
|
101,785 |
|
2 |
% |
|
|
115,425 |
|
(10 |
)% |
|
|
306,733 |
|
|
|
347,862 |
|
|
(12 |
)% |
|
Interest on borrowings |
|
6,300 |
|
|
5,423 |
|
16 |
% |
|
|
2,718 |
|
132 |
% |
|
|
16,355 |
|
|
|
8,267 |
|
|
98 |
% |
|
Total interest expense |
|
109,793 |
|
|
107,208 |
|
2 |
% |
|
|
118,143 |
|
(7 |
)% |
|
|
323,088 |
|
|
|
356,129 |
|
|
(9 |
)% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Net interest income |
|
135,365 |
|
|
128,969 |
|
5 |
% |
|
|
126,557 |
|
7 |
% |
|
|
388,391 |
|
|
|
344,829 |
|
|
13 |
% |
|
Provision for credit losses |
|
8,560 |
|
|
6,770 |
|
26 |
% |
|
|
8,710 |
|
(2 |
)% |
|
|
23,980 |
|
|
|
24,602 |
|
|
(3 |
)% |
|
Net interest income after provision |
|
126,805 |
|
|
122,199 |
|
4 |
% |
|
|
117,847 |
|
8 |
% |
|
|
364,411 |
|
|
|
320,227 |
|
|
14 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Service fees on deposit accounts |
|
3,439 |
|
|
3,395 |
|
1 |
% |
|
|
3,235 |
|
6 |
% |
|
|
10,169 |
|
|
|
9,262 |
|
|
10 |
% |
|
Net gains on sales of SBA loans |
|
4,674 |
|
|
4,447 |
|
5 |
% |
|
|
2,774 |
|
68 |
% |
|
|
12,387 |
|
|
|
9,903 |
|
|
25 |
% |
|
Other customer driven income and fees |
|
8,332 |
|
|
7,721 |
|
8 |
% |
|
|
5,936 |
|
40 |
% |
|
|
23,185 |
|
|
|
17,958 |
|
|
29 |
% |
|
Net gains (losses) on sales of securities available for sale |
|
— |
|
|
1,172 |
|
(100 |
)% |
|
|
— |
|
0 |
% |
|
|
1,776 |
|
|
|
(38,856 |
) |
|
NM |
|
|
Other noninterest income |
|
5,667 |
|
|
2,115 |
|
168 |
% |
|
|
3,440 |
|
65 |
% |
|
|
10,412 |
|
|
|
9,850 |
|
|
6 |
% |
|
Total noninterest income |
|
22,112 |
|
|
18,850 |
|
17 |
% |
|
|
15,385 |
|
44 |
% |
|
|
57,929 |
|
|
|
8,117 |
|
|
614 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Salaries and employee benefits |
|
58,697 |
|
|
56,901 |
|
3 |
% |
|
|
54,910 |
|
7 |
% |
|
|
171,821 |
|
|
|
156,204 |
|
|
10 |
% |
|
Occupancy, furniture and equipment |
|
11,737 |
|
|
11,353 |
|
3 |
% |
|
|
11,596 |
|
1 |
% |
|
|
33,656 |
|
|
|
31,525 |
|
|
7 |
% |
|
Software-related, data and item processing |
|
10,773 |
|
|
10,350 |
|
4 |
% |
|
|
9,683 |
|
11 |
% |
|
|
30,976 |
|
|
|
25,843 |
|
|
20 |
% |
|
Amortization of investments in affordable housing partnerships |
|
2,740 |
|
|
2,554 |
|
7 |
% |
|
|
3,216 |
|
(15 |
)% |
|
|
7,768 |
|
|
|
7,607 |
|
|
2 |
% |
|
FDIC assessment |
|
2,622 |
|
|
2,783 |
|
(6 |
)% |
|
|
2,942 |
|
(11 |
)% |
|
|
8,219 |
|
|
|
7,932 |
|
|
4 |
% |
|
FDIC special assessment expense (reversal) |
|
— |
|
|
— |
|
0 |
% |
|
|
— |
|
0 |
% |
|
|
(58 |
) |
|
|
— |
|
|
NM |
|
|
Earned interest credit |
|
3,109 |
|
|
2,501 |
|
24 |
% |
|
|
3,529 |
|
(12 |
)% |
|
|
7,993 |
|
|
|
9,926 |
|
|
(19 |
)% |
|
Merger related costs |
|
2,650 |
|
|
2,058 |
|
29 |
% |
|
|
958 |
|
177 |
% |
|
|
4,942 |
|
|
|
20,758 |
|
|
(76 |
)% |
|
Other noninterest expense |
|
10,466 |
|
|
9,964 |
|
5 |
% |
|
|
10,027 |
|
4 |
% |
|
|
30,396 |
|
|
|
30,400 |
|
|
0 |
% |
|
Total noninterest expense |
|
102,794 |
|
|
98,464 |
|
4 |
% |
|
|
96,861 |
|
6 |
% |
|
|
295,713 |
|
|
|
290,195 |
|
|
2 |
% |
|
Income before income taxes |
|
46,123 |
|
|
42,585 |
|
8 |
% |
|
|
36,371 |
|
27 |
% |
|
|
126,627 |
|
|
|
38,149 |
|
|
232 |
% |
|
Income tax provision |
|
10,546 |
|
|
9,554 |
|
10 |
% |
|
|
5,595 |
|
88 |
% |
|
|
28,479 |
|
|
|
11,027 |
|
|
158 |
% |
|
Net income |
$ |
35,577 |
|
$ |
33,031 |
|
8 |
% |
|
$ |
30,776 |
|
16 |
% |
|
$ |
98,148 |
|
|
$ |
27,122 |
|
|
262 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Earnings per common share (“EPS”) – diluted |
$ |
0.28 |
|
$ |
0.26 |
|
8 |
% |
|
$ |
0.24 |
|
17 |
% |
|
$ |
0.76 |
|
|
$ |
0.22 |
|
|
245 |
% |
|
Weighted average shares outstanding – diluted |
|
128,624,630 |
|
|
128,308,861 |
|
|
|
|
128,593,874 |
|
|
|
|
128,509,496 |
|
|
|
126,110,136 |
|
|
|
|||
Hope Bancorp, Inc.
Selected Financial Data
Unaudited
|
Three Months Ended |
|
Nine Months Ended |
|||||||||||||||||
|
Profitability measures (annualized, except as noted): |
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
|
9/30/2026 |
|
9/30/2025 |
||||||||||
|
Earnings per common share – diluted (not annualized) |
$ |
0.28 |
|
|
$ |
0.26 |
|
|
$ |
0.24 |
|
|
$ |
0.76 |
|
|
$ |
0.22 |
|
|
Earnings per common share – diluted excluding notable items (not annualized) (1) |
$ |
0.29 |
|
|
$ |
0.27 |
|
|
$ |
0.25 |
|
|
$ |
0.79 |
|
|
$ |
0.63 |
|
|
Return on average assets (“ROA”) |
|
0.75 |
% |
|
|
0.71 |
% |
|
|
0.66 |
% |
|
|
0.70 |
% |
|
|
0.20 |
% |
|
ROA excluding notable items (1) |
|
0.79 |
% |
|
|
0.74 |
% |
|
|
0.68 |
% |
|
|
0.72 |
% |
|
|
0.58 |
% |
|
Return on average equity (“ROE”) |
|
6.19 |
% |
|
|
5.76 |
% |
|
|
5.50 |
% |
|
|
5.70 |
% |
|
|
1.64 |
% |
|
ROE excluding notable items (1) |
|
6.52 |
% |
|
|
6.02 |
% |
|
|
5.64 |
% |
|
|
5.90 |
% |
|
|
4.78 |
% |
|
Return on average tangible common equity (“ROTCE”) (1) |
|
8.03 |
% |
|
|
7.48 |
% |
|
|
7.19 |
% |
|
|
7.39 |
% |
|
|
2.13 |
% |
|
ROTCE excluding notable items (1) |
|
8.45 |
% |
|
|
7.81 |
% |
|
|
7.36 |
% |
|
|
7.65 |
% |
|
|
6.20 |
% |
|
Net interest margin |
|
3.02 |
% |
|
|
2.96 |
% |
|
|
2.89 |
% |
|
|
2.96 |
% |
|
|
2.71 |
% |
|
Efficiency ratio (not annualized) |
|
65.28 |
% |
|
|
66.61 |
% |
|
|
68.24 |
% |
|
|
66.26 |
% |
|
|
82.22 |
% |
|
Efficiency ratio excluding notable items (not annualized) (1) |
|
63.59 |
% |
|
|
65.22 |
% |
|
|
67.56 |
% |
|
|
65.16 |
% |
|
|
68.77 |
% |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
(1) Earnings per common share – diluted excluding notable items, ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, and efficiency ratio excluding notable items are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 through 12. |
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
|
Three Months Ended |
||||||||||||||||||||||||||
|
|
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
|||||||||||||||||||||
|
|
|
|
Interest |
|
Annualized |
|
|
|
Interest |
|
Annualized |
|
|
|
Interest |
|
Annualized |
|||||||||
|
|
Average |
|
Income/ |
|
Average |
|
Average |
|
Income/ |
|
Average |
|
Average |
|
Income/ |
|
Average |
|||||||||
|
|
Balance |
|
Expense |
|
Yield/Cost |
|
Balance |
|
Expense |
|
Yield/Cost |
|
Balance |
|
Expense |
|
Yield/Cost |
|||||||||
|
INTEREST EARNING ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
Loans, including loans held for sale |
$ |
14,967,728 |
|
$ |
218,216 |
|
5.78 |
% |
|
$ |
14,790,642 |
|
$ |
211,378 |
|
5.73 |
% |
|
$ |
14,522,425 |
|
$ |
216,774 |
|
5.92 |
% |
|
Investment securities |
|
2,305,772 |
|
|
21,631 |
|
3.72 |
% |
|
|
2,221,334 |
|
|
20,359 |
|
3.68 |
% |
|
|
2,256,228 |
|
|
21,467 |
|
3.77 |
% |
|
Interest earning cash and deposits at other banks |
|
437,305 |
|
|
4,051 |
|
3.68 |
% |
|
|
420,971 |
|
|
3,808 |
|
3.63 |
% |
|
|
488,992 |
|
|
5,273 |
|
4.28 |
% |
|
FHLB stock and other investments |
|
51,749 |
|
|
1,260 |
|
9.66 |
% |
|
|
51,839 |
|
|
632 |
|
4.89 |
% |
|
|
97,584 |
|
|
1,186 |
|
4.82 |
% |
|
Total interest earning assets |
$ |
17,762,554 |
|
$ |
245,158 |
|
5.48 |
% |
|
$ |
17,484,786 |
|
$ |
236,177 |
|
5.42 |
% |
|
$ |
17,365,229 |
|
$ |
244,700 |
|
5.59 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
INTEREST BEARING LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
Deposits: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
Money market, interest bearing demand and savings |
$ |
6,363,113 |
|
$ |
47,120 |
|
2.94 |
% |
|
$ |
6,085,142 |
|
$ |
43,728 |
|
2.88 |
% |
|
$ |
6,045,464 |
|
$ |
49,458 |
|
3.25 |
% |
|
Time deposits |
|
6,033,130 |
|
|
56,373 |
|
3.71 |
% |
|
|
6,244,929 |
|
|
58,057 |
|
3.73 |
% |
|
|
6,359,578 |
|
|
65,967 |
|
4.12 |
% |
|
Total interest bearing deposits |
|
12,396,243 |
|
|
103,493 |
|
3.31 |
% |
|
|
12,330,071 |
|
|
101,785 |
|
3.31 |
% |
|
|
12,405,042 |
|
|
115,425 |
|
3.69 |
% |
|
FHLB and FRB borrowings |
|
433,276 |
|
|
4,018 |
|
3.68 |
% |
|
|
357,510 |
|
|
3,180 |
|
3.57 |
% |
|
|
27,286 |
|
|
273 |
|
3.97 |
% |
|
Subordinated debentures and convertible notes |
|
107,905 |
|
|
2,282 |
|
8.28 |
% |
|
|
107,550 |
|
|
2,243 |
|
8.25 |
% |
|
|
106,485 |
|
|
2,445 |
|
8.98 |
% |
|
Total interest bearing liabilities |
$ |
12,937,424 |
|
$ |
109,793 |
|
3.37 |
% |
|
$ |
12,795,131 |
|
$ |
107,208 |
|
3.36 |
% |
|
$ |
12,538,813 |
|
$ |
118,143 |
|
3.74 |
% |
|
Noninterest bearing demand deposits |
|
3,501,796 |
|
|
|
|
|
|
3,362,934 |
|
|
|
|
|
|
3,506,559 |
|
|
|
|
||||||
|
Total funding liabilities/cost of funds |
$ |
16,439,220 |
|
|
|
2.65 |
% |
|
$ |
16,158,065 |
|
|
|
2.66 |
% |
|
$ |
16,045,372 |
|
|
|
2.92 |
% |
|||
|
Net interest income/net interest spread |
|
|
$ |
135,365 |
|
2.11 |
% |
|
|
|
$ |
128,969 |
|
2.06 |
% |
|
|
|
$ |
126,557 |
|
1.85 |
% |
|||
|
Net interest margin |
|
|
|
|
3.02 |
% |
|
|
|
|
|
2.96 |
% |
|
|
|
|
|
2.89 |
% |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
Cost of deposits: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||
|
Noninterest bearing demand deposits |
$ |
3,501,796 |
|
$ |
— |
|
— |
% |
|
$ |
3,362,934 |
|
$ |
— |
|
— |
% |
|
$ |
3,506,559 |
|
$ |
— |
|
— |
% |
|
Interest bearing deposits |
|
12,396,243 |
|
|
103,493 |
|
3.31 |
% |
|
|
12,330,071 |
|
|
101,785 |
|
3.31 |
% |
|
|
12,405,042 |
|
|
115,425 |
|
3.69 |
% |
|
Total deposits |
$ |
15,898,039 |
|
$ |
103,493 |
|
2.58 |
% |
|
$ |
15,693,005 |
|
$ |
101,785 |
|
2.60 |
% |
|
$ |
15,911,601 |
|
$ |
115,425 |
|
2.88 |
% |
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
|
|
Nine Months Ended |
|
|
|
|
|
|
||||||||||||||||
|
|
9/30/2026 |
|
9/30/2025 |
|
|
||||||||||||||||||
|
|
|
|
Interest |
|
Annualized |
|
|
|
Interest |
|
Annualized |
|
|
|
|
|
|
||||||
|
|
Average |
|
Income/ |
|
Average |
|
Average |
|
Income/ |
|
Average |
|
|
|
|
|
|
||||||
|
|
Balance |
|
Expense |
|
Yield/Cost |
|
Balance |
|
Expense |
|
Yield/Cost |
|
|
|
|
|
|
||||||
|
INTEREST EARNING ASSETS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Loans, including loans held for sale |
$ |
14,816,982 |
|
$ |
635,513 |
|
5.73 |
% |
|
$ |
14,139,046 |
|
$ |
623,098 |
|
5.89 |
% |
|
|
|
|
|
|
|
Investment securities |
|
2,226,139 |
|
|
61,208 |
|
3.68 |
% |
|
|
2,178,155 |
|
|
55,128 |
|
3.38 |
% |
|
|
|
|
|
|
|
Interest earning cash and deposits at other banks |
|
432,086 |
|
|
11,637 |
|
3.60 |
% |
|
|
607,549 |
|
|
19,261 |
|
4.24 |
% |
|
|
|
|
|
|
|
FHLB stock and other investments |
|
51,757 |
|
|
3,121 |
|
8.06 |
% |
|
|
94,272 |
|
|
3,471 |
|
4.92 |
% |
|
|
|
|
|
|
|
Total interest earning assets |
$ |
17,526,964 |
|
$ |
711,479 |
|
5.43 |
% |
|
$ |
17,019,022 |
|
$ |
700,958 |
|
5.51 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
INTEREST BEARING LIABILITIES: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Deposits: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Money market, interest bearing demand and savings |
$ |
6,105,493 |
|
$ |
132,270 |
|
2.90 |
% |
|
$ |
5,927,729 |
|
$ |
151,960 |
|
3.43 |
% |
|
|
|
|
|
|
|
Time deposits |
|
6,210,790 |
|
|
174,463 |
|
3.76 |
% |
|
|
6,131,577 |
|
|
195,902 |
|
4.27 |
% |
|
|
|
|
|
|
|
Total interest bearing deposits |
|
12,316,283 |
|
|
306,733 |
|
3.33 |
% |
|
|
12,059,306 |
|
|
347,862 |
|
3.86 |
% |
|
|
|
|
|
|
|
FHLB and FRB borrowings |
|
359,117 |
|
|
9,606 |
|
3.58 |
% |
|
|
65,441 |
|
|
993 |
|
2.03 |
% |
|
|
|
|
|
|
|
Subordinated debentures and convertible notes |
|
107,554 |
|
|
6,749 |
|
8.27 |
% |
|
|
106,153 |
|
|
7,274 |
|
9.04 |
% |
|
|
|
|
|
|
|
Total interest bearing liabilities |
$ |
12,782,954 |
|
$ |
323,088 |
|
3.38 |
% |
|
$ |
12,230,900 |
|
$ |
356,129 |
|
3.89 |
% |
|
|
|
|
|
|
|
Noninterest bearing demand deposits |
|
3,404,500 |
|
|
|
|
|
|
3,439,051 |
|
|
|
|
|
|
|
|
|
|
||||
|
Total funding liabilities/cost of funds |
$ |
16,187,454 |
|
|
|
2.67 |
% |
|
$ |
15,669,951 |
|
|
|
3.04 |
% |
|
|
|
|
|
|
||
|
Net interest income/net interest spread |
|
|
$ |
388,391 |
|
2.05 |
% |
|
|
|
$ |
344,829 |
|
1.62 |
% |
|
|
|
|
|
|
||
|
Net interest margin |
|
|
|
|
2.96 |
% |
|
|
|
|
|
2.71 |
% |
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Cost of deposits: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
|
Noninterest bearing demand deposits |
$ |
3,404,500 |
|
$ |
— |
|
— |
% |
|
$ |
3,439,051 |
|
$ |
— |
|
— |
% |
|
|
|
|
|
|
|
Interest bearing deposits |
|
12,316,283 |
|
|
306,733 |
|
3.33 |
% |
|
|
12,059,306 |
|
|
347,862 |
|
3.86 |
% |
|
|
|
|
|
|
|
Total deposits |
$ |
15,720,783 |
|
$ |
306,733 |
|
2.61 |
% |
|
$ |
15,498,357 |
|
$ |
347,862 |
|
3.00 |
% |
|
|
|
|
|
|
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
|
Three Months Ended |
|
Nine Months Ended |
|||||||||||||||||||||
|
AVERAGE BALANCES: |
9/30/2026 |
|
6/30/2026 |
|
% change |
|
9/30/2025 |
|
% change |
|
9/30/2026 |
|
9/30/2025 |
|
% change |
||||||||
|
Gross loans, including loans held for sale |
$ |
14,967,728 |
|
$ |
14,790,642 |
|
1 |
% |
|
$ |
14,522,425 |
|
3 |
% |
|
$ |
14,816,982 |
|
$ |
14,139,046 |
|
5 |
% |
|
Interest earning assets |
|
17,762,554 |
|
|
17,484,786 |
|
2 |
% |
|
|
17,365,229 |
|
2 |
% |
|
|
17,526,964 |
|
|
17,019,022 |
|
3 |
% |
|
Goodwill and intangible assets |
|
526,532 |
|
|
527,594 |
|
0 |
% |
|
|
525,022 |
|
0 |
% |
|
|
526,556 |
|
|
505,782 |
|
4 |
% |
|
Total assets |
|
18,991,587 |
|
|
18,707,236 |
|
2 |
% |
|
|
18,548,982 |
|
2 |
% |
|
|
18,741,699 |
|
|
18,126,058 |
|
3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
Noninterest bearing demand deposits |
|
3,501,796 |
|
|
3,362,934 |
|
4 |
% |
|
|
3,506,559 |
|
0 |
% |
|
|
3,404,500 |
|
|
3,439,051 |
|
(1 |
)% |
|
Interest bearing deposits |
|
12,396,243 |
|
|
12,330,071 |
|
1 |
% |
|
|
12,405,042 |
|
0 |
% |
|
|
12,316,283 |
|
|
12,059,306 |
|
2 |
% |
|
Total deposits |
|
15,898,039 |
|
|
15,693,005 |
|
1 |
% |
|
|
15,911,601 |
|
0 |
% |
|
|
15,720,783 |
|
|
15,498,357 |
|
1 |
% |
|
Stockholders’ equity |
|
2,299,264 |
|
|
2,293,446 |
|
0 |
% |
|
|
2,237,375 |
|
3 |
% |
|
|
2,297,305 |
|
|
2,203,641 |
|
4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
End of Period |
|
|
|
|
|
|
||||||||||||||||
|
LOAN PORTFOLIO: |
9/30/2026 |
|
6/30/2026 |
|
% change |
|
9/30/2025 |
|
% change |
|
|
|
|
|
|
||||||||
|
Loans receivable (held for investment) |
$ |
15,050,474 |
|
$ |
14,941,520 |
|
1 |
% |
|
$ |
14,590,519 |
|
3 |
% |
|
|
|
|
|
|
|||
|
Loans held for sale |
|
67,371 |
|
|
92,667 |
|
(27 |
)% |
|
|
33,118 |
|
103 |
% |
|
|
|
|
|
|
|||
|
Gross loans |
$ |
15,117,845 |
|
$ |
15,034,187 |
|
1 |
% |
|
$ |
14,623,637 |
|
3 |
% |
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
End of Period |
|
|
|
|
|
|
||||||||||||||||
|
CRE LOANS HELD FOR INVESTMENT BY PROPERTY TYPE: |
9/30/2026 |
|
6/30/2026 |
|
% change |
|
9/30/2025 |
|
% change |
|
|
|
|
|
|
||||||||
|
Multi-tenant retail |
$ |
1,541,629 |
|
$ |
1,585,528 |
|
(3 |
)% |
|
$ |
1,612,673 |
|
(4 |
)% |
|
|
|
|
|
|
|||
|
Industrial warehouses |
|
1,289,124 |
|
|
1,303,250 |
|
(1 |
)% |
|
|
1,285,752 |
|
0 |
% |
|
|
|
|
|
|
|||
|
Multifamily |
|
1,158,229 |
|
|
1,171,422 |
|
(1 |
)% |
|
|
1,219,701 |
|
(5 |
)% |
|
|
|
|
|
|
|||
|
Gas stations and car washes |
|
1,158,067 |
|
|
1,177,756 |
|
(2 |
)% |
|
|
1,116,447 |
|
4 |
% |
|
|
|
|
|
|
|||
|
Hotels/motels |
|
831,473 |
|
|
820,725 |
|
1 |
% |
|
|
771,089 |
|
8 |
% |
|
|
|
|
|
|
|||
|
Mixed-use facilities |
|
721,321 |
|
|
728,108 |
|
(1 |
)% |
|
|
665,239 |
|
8 |
% |
|
|
|
|
|
|
|||
|
Single-tenant retail |
|
638,472 |
|
|
631,319 |
|
1 |
% |
|
|
629,269 |
|
1 |
% |
|
|
|
|
|
|
|||
|
Office |
|
320,194 |
|
|
348,708 |
|
(8 |
)% |
|
|
330,736 |
|
(3 |
)% |
|
|
|
|
|
|
|||
|
All other |
|
804,087 |
|
|
749,908 |
|
7 |
% |
|
|
787,888 |
|
2 |
% |
|
|
|
|
|
|
|||
|
Total CRE loans |
$ |
8,462,596 |
|
$ |
8,516,724 |
|
(1 |
)% |
|
$ |
8,418,794 |
|
1 |
% |
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
End of Period |
|
|
|
|
|
|
||||||||||||||||
|
DEPOSIT COMPOSITION: |
9/30/2026 |
|
6/30/2026 |
|
% change |
|
9/30/2025 |
|
% change |
|
|
|
|
|
|
||||||||
|
Noninterest bearing demand deposits |
$ |
3,501,963 |
|
$ |
3,548,452 |
|
(1 |
)% |
|
$ |
3,507,659 |
|
0 |
% |
|
|
|
|
|
|
|||
|
Money market, interest bearing demand, and savings |
|
6,708,100 |
|
|
6,079,728 |
|
10 |
% |
|
|
5,995,488 |
|
12 |
% |
|
|
|
|
|
|
|||
|
Time deposits |
|
5,906,106 |
|
|
6,248,363 |
|
(5 |
)% |
|
|
6,328,115 |
|
(7 |
)% |
|
|
|
|
|
|
|||
|
Total deposits |
$ |
16,116,169 |
|
$ |
15,876,543 |
|
2 |
% |
|
$ |
15,831,262 |
|
2 |
% |
|
|
|
|
|
|
|||
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
| CAPITAL & CAPITAL RATIOS: |
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
|
|
|
|
|
|
|
|
||||||||||||||
|
Total stockholders’ equity |
$ |
2,257,458 |
|
|
$ |
2,295,852 |
|
|
$ |
2,258,960 |
|
|
|
|
|
|
|
|
|
||||||||
|
Total capital |
$ |
2,206,215 |
|
|
$ |
2,183,720 |
|
|
$ |
2,128,319 |
|
|
|
|
|
|
|
|
|
||||||||
|
Common equity tier 1 ratio |
|
12.25 |
% |
|
|
12.27 |
% |
|
|
12.14 |
% |
|
|
|
|
|
|
|
|
||||||||
|
Tier 1 capital ratio |
|
12.93 |
% |
|
|
12.95 |
% |
|
|
12.83 |
% |
|
|
|
|
|
|
|
|
||||||||
|
Total capital ratio |
|
13.92 |
% |
|
|
13.95 |
% |
|
|
13.85 |
% |
|
|
|
|
|
|
|
|
||||||||
|
Leverage ratio |
|
11.01 |
% |
|
|
11.07 |
% |
|
|
10.86 |
% |
|
|
|
|
|
|
|
|
||||||||
|
Total risk weighted assets |
$ |
15,851,445 |
|
|
$ |
15,658,083 |
|
|
$ |
15,371,526 |
|
|
|
|
|
|
|
|
|
||||||||
|
Book value per common share |
$ |
17.67 |
|
|
$ |
17.97 |
|
|
$ |
17.62 |
|
|
|
|
|
|
|
|
|
||||||||
|
Tangible common equity (“TCE”) per share (1) |
$ |
13.55 |
|
|
$ |
13.85 |
|
|
$ |
13.53 |
|
|
|
|
|
|
|
|
|
||||||||
|
TCE ratio (1) |
|
9.28 |
% |
|
|
9.58 |
% |
|
|
9.64 |
% |
|
|
|
|
|
|
|
|
||||||||
|
(1) TCE per share and TCE ratio are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Page 10. |
|||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
|
ALLOWANCE FOR CREDIT LOSSES CHANGES: |
Three Months Ended |
|
Nine Months Ended |
||||||||||||||||||||||||
|
9/30/2026 |
|
6/30/2026 |
|
3/31/2026 |
|
12/31/2025 |
|
9/30/2025 |
|
9/30/2026 |
|
9/30/2025 |
|||||||||||||||
|
Balance at beginning of period |
$ |
153,218 |
|
|
$ |
155,114 |
|
|
$ |
156,661 |
|
|
$ |
152,509 |
|
|
$ |
149,505 |
|
|
$ |
156,661 |
|
|
$ |
150,527 |
|
|
Initial allowance for purchased credit deteriorated (“PCD”) loans and purchased seasoned loans (“PSL”) acquired (2) |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,971 |
|
|
Provision for losses on loans |
|
8,100 |
|
|
|
7,100 |
|
|
|
9,200 |
|
|
|
7,800 |
|
|
|
8,100 |
|
|
|
24,400 |
|
|
|
23,392 |
|
|
Recoveries |
|
910 |
|
|
|
203 |
|
|
|
322 |
|
|
|
1,694 |
|
|
|
1,517 |
|
|
|
1,435 |
|
|
|
4,594 |
|
|
Charge offs |
|
(7,903 |
) |
|
|
(9,199 |
) |
|
|
(11,069 |
) |
|
|
(5,342 |
) |
|
|
(6,613 |
) |
|
|
(28,171 |
) |
|
|
(29,975 |
) |
|
Balance at end of period |
$ |
154,325 |
|
|
$ |
153,218 |
|
|
$ |
155,114 |
|
|
$ |
156,661 |
|
|
$ |
152,509 |
|
|
$ |
154,325 |
|
|
$ |
152,509 |
|
|
(2) During the fourth quarter of 2025, the Company adopted ASU 2025-08 effective January 1, 2025, and applied the guidance to the acquisition of Territorial Bancorp, which was completed on April 2, 2025. The presentation of prior periods has been adjusted accordingly. |
|||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
|
|
9/30/2026 |
|
6/30/2026 |
|
3/31/2026 |
|
12/31/2025 |
|
9/30/2025 |
|
|
|
|
||||||||||||||
|
Allowance for unfunded loan commitments |
$ |
2,913 |
|
|
$ |
2,453 |
|
|
$ |
2,783 |
|
|
$ |
3,333 |
|
|
$ |
3,933 |
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||||||||||||||||||
|
|
9/30/2026 |
|
6/30/2026 |
|
3/31/2026 |
|
12/31/2025 |
|
9/30/2025 |
|
9/30/2026 |
|
9/30/2025 |
||||||||||||||
|
Provision for losses on loans |
$ |
8,100 |
|
|
$ |
7,100 |
|
|
$ |
9,200 |
|
|
$ |
7,800 |
|
|
$ |
8,100 |
|
|
$ |
24,400 |
|
|
$ |
23,392 |
|
|
(Credit) provision for unfunded loan commitments |
|
460 |
|
|
|
(330 |
) |
|
|
(550 |
) |
|
|
(600 |
) |
|
|
610 |
|
|
|
(420 |
) |
|
|
1,210 |
|
|
Provision for credit losses |
$ |
8,560 |
|
|
$ |
6,770 |
|
|
$ |
8,650 |
|
|
$ |
7,200 |
|
|
$ |
8,710 |
|
|
$ |
23,980 |
|
|
$ |
24,602 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||||||||||||||||||
|
NET CHARGE OFFS (RECOVERIES): |
9/30/2026 |
|
6/30/2026 |
|
3/31/2026 |
|
12/31/2025 |
|
9/30/2025 |
|
9/30/2026 |
|
9/30/2025 |
||||||||||||||
|
CRE loans |
$ |
3,340 |
|
|
$ |
389 |
|
|
$ |
817 |
|
|
$ |
(1,467 |
) |
|
$ |
(933 |
) |
|
$ |
4,546 |
|
|
$ |
(877 |
) |
|
C&I loans |
|
3,656 |
|
|
|
8,656 |
|
|
|
9,931 |
|
|
|
5,169 |
|
|
|
5,978 |
|
|
|
22,243 |
|
|
|
25,191 |
|
|
Residential mortgage and other loans |
|
(3 |
) |
|
|
(49 |
) |
|
|
(1 |
) |
|
|
(54 |
) |
|
|
51 |
|
|
|
(53 |
) |
|
|
1,067 |
|
|
Net charge offs |
$ |
6,993 |
|
|
$ |
8,996 |
|
|
$ |
10,747 |
|
|
$ |
3,648 |
|
|
$ |
5,096 |
|
|
$ |
26,736 |
|
|
$ |
25,381 |
|
|
Net charge offs/average loans (annualized) |
|
0.19 |
% |
|
|
0.24 |
% |
|
|
0.29 |
% |
|
|
0.10 |
% |
|
|
0.14 |
% |
|
|
0.24 |
% |
|
|
0.24 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
| NONPERFORMING ASSETS: |
9/30/2026 |
|
6/30/2026 |
|
3/31/2026 |
|
12/31/2025 |
|
9/30/2025 |
||||||||||
|
Loans on nonaccrual status (1) |
$ |
107,797 |
|
|
$ |
111,973 |
|
|
$ |
109,512 |
|
|
$ |
131,747 |
|
|
$ |
110,010 |
|
|
Accruing delinquent loans past due 90 days or more |
|
— |
|
|
|
515 |
|
|
|
10,642 |
|
|
|
3,943 |
|
|
|
2,149 |
|
|
Total nonperforming loans |
|
107,797 |
|
|
|
112,488 |
|
|
|
120,154 |
|
|
|
135,690 |
|
|
|
112,159 |
|
|
Other real estate owned (“OREO”) |
|
661 |
|
|
|
365 |
|
|
|
365 |
|
|
|
365 |
|
|
|
— |
|
|
Total nonperforming assets |
$ |
108,458 |
|
|
$ |
112,853 |
|
|
$ |
120,519 |
|
|
$ |
136,055 |
|
|
$ |
112,159 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Nonperforming assets/total assets |
|
0.57 |
% |
|
|
0.59 |
% |
|
|
0.65 |
% |
|
|
0.73 |
% |
|
|
0.61 |
% |
|
Nonperforming loans/loans receivable |
|
0.72 |
% |
|
|
0.75 |
% |
|
|
0.82 |
% |
|
|
0.92 |
% |
|
|
0.77 |
% |
|
Nonaccrual loans/loans receivable |
|
0.72 |
% |
|
|
0.75 |
% |
|
|
0.75 |
% |
|
|
0.90 |
% |
|
|
0.75 |
% |
|
Allowance for credit losses/loans receivable |
|
1.03 |
% |
|
|
1.03 |
% |
|
|
1.06 |
% |
|
|
1.07 |
% |
|
|
1.05 |
% |
|
Allowance for credit losses/nonperforming loans |
|
143.16 |
% |
|
|
136.21 |
% |
|
|
129.10 |
% |
|
|
115.46 |
% |
|
|
135.98 |
% |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
(1) Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $17.3 million, $17.1 million, $19.4 million, $15.6 million, and $15.3 million, at September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025, and September 30, 2025, respectively. |
|||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
NONACCRUAL LOANS BY TYPE: |
9/30/2026 |
|
6/30/2026 |
|
3/31/2026 |
|
12/31/2025 |
|
9/30/2025 |
||||||||||
|
CRE loans |
$ |
44,818 |
|
|
$ |
63,647 |
|
|
$ |
52,920 |
|
|
$ |
65,106 |
|
|
$ |
54,016 |
|
|
C&I loans |
|
44,497 |
|
|
|
31,724 |
|
|
|
42,538 |
|
|
|
53,136 |
|
|
|
45,494 |
|
|
Residential mortgage and other loans |
|
18,482 |
|
|
|
16,602 |
|
|
|
14,054 |
|
|
|
13,505 |
|
|
|
10,500 |
|
|
Total nonaccrual loans |
$ |
107,797 |
|
|
$ |
111,973 |
|
|
$ |
109,512 |
|
|
$ |
131,747 |
|
|
$ |
110,010 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
| ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE: |
9/30/2026 |
|
6/30/2026 |
|
3/31/2026 |
|
12/31/2025 |
|
9/30/2025 |
|||||
|
30 – 59 days past due |
$ |
43,098 |
|
$ |
11,700 |
|
$ |
29,621 |
|
$ |
19,056 |
|
$ |
15,788 |
|
60 – 89 days past due |
|
22,177 |
|
|
7,306 |
|
|
59 |
|
|
4,244 |
|
|
5,117 |
|
Total accruing delinquent loans 30-89 days past due |
$ |
65,275 |
|
$ |
19,006 |
|
$ |
29,680 |
|
$ |
23,300 |
|
$ |
20,905 |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|||||
|
ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE BY TYPE: |
9/30/2026 |
|
6/30/2026 |
|
3/31/2026 |
|
12/31/2025 |
|
9/30/2025 |
|||||
|
CRE loans |
$ |
54,523 |
|
$ |
15,917 |
|
$ |
11,819 |
|
$ |
12,064 |
|
$ |
14,872 |
|
C&I loans |
|
8,471 |
|
|
810 |
|
|
604 |
|
|
2,209 |
|
|
3,356 |
|
Residential mortgage and other loans |
|
2,281 |
|
|
2,279 |
|
|
17,257 |
|
|
9,027 |
|
|
2,677 |
|
Total accruing delinquent loans 30-89 days past due |
$ |
65,275 |
|
$ |
19,006 |
|
$ |
29,680 |
|
$ |
23,300 |
|
$ |
20,905 |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|||||
|
CRITICIZED LOANS: |
9/30/2026 |
|
6/30/2026 |
|
3/31/2026 |
|
12/31/2025 |
|
9/30/2025 |
|||||
|
Special mention loans |
$ |
124,399 |
|
$ |
128,994 |
|
$ |
72,668 |
|
$ |
94,003 |
|
$ |
131,384 |
|
Classified loans |
|
210,356 |
|
|
205,283 |
|
|
252,410 |
|
|
257,113 |
|
|
241,483 |
|
Total criticized loans |
$ |
334,755 |
|
$ |
334,277 |
|
$ |
325,078 |
|
$ |
351,116 |
|
$ |
372,867 |
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
|
Reconciliation of GAAP financial measures to non-GAAP financial measures |
||||||||||||||||||||
|
|
|
|
|
|
|
|||||||||||||||
|
Management reviews select non-GAAP financial measures in evaluating the Company’s and the Bank’s financial performance and in response to market participant interest. Reconciliations of the most directly comparable GAAP to non-GAAP financial measures utilized by management are provided below. |
||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
TANGIBLE COMMON EQUITY (“TCE”) |
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
|
|
|
|
|||||||||||
|
Total stockholders’ equity |
$ |
2,257,458 |
|
|
$ |
2,295,852 |
|
|
$ |
2,258,960 |
|
|
|
|
|
|||||
|
Goodwill and core deposit intangible assets, net |
|
(525,997 |
) |
|
|
(526,890 |
) |
|
|
(524,503 |
) |
|
|
|
|
|||||
|
TCE |
$ |
1,731,461 |
|
|
$ |
1,768,962 |
|
|
$ |
1,734,457 |
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Total assets |
$ |
19,189,488 |
|
|
$ |
18,991,916 |
|
|
$ |
18,510,799 |
|
|
|
|
|
|||||
|
Goodwill and core deposit intangible assets, net |
|
(525,997 |
) |
|
|
(526,890 |
) |
|
|
(524,503 |
) |
|
|
|
|
|||||
|
Tangible assets |
$ |
18,663,491 |
|
|
$ |
18,465,026 |
|
|
$ |
17,986,296 |
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
TCE ratio (TCE / tangible assets) |
|
9.28 |
% |
|
|
9.58 |
% |
|
|
9.64 |
% |
|
|
|
|
|||||
|
Common shares outstanding |
|
127,758,427 |
|
|
|
127,741,836 |
|
|
|
128,185,271 |
|
|
|
|
|
|||||
|
Book value per share (GAAP) |
$ |
17.67 |
|
|
$ |
17.97 |
|
|
$ |
17.62 |
|
|
|
|
|
|||||
|
TCE per share |
$ |
13.55 |
|
|
$ |
13.85 |
|
|
$ |
13.53 |
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
|||||||||||||||||
|
RETURN ON AVERAGE TANGIBLE COMMON EQUITY (“ROTCE”) |
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
|
9/30/2026 |
|
9/30/2025 |
|||||||||||
|
Average stockholders’ equity |
$ |
2,299,264 |
|
|
$ |
2,293,446 |
|
|
$ |
2,237,375 |
|
|
$ |
2,297,305 |
|
|
$ |
2,203,641 |
|
|
|
Average goodwill and core deposit intangible assets, net |
|
(526,532 |
) |
|
|
(527,594 |
) |
|
|
(525,022 |
) |
|
|
(526,556 |
) |
|
|
(505,782 |
) |
|
|
Average TCE |
$ |
1,772,732 |
|
|
$ |
1,765,852 |
|
|
$ |
1,712,353 |
|
|
$ |
1,770,749 |
|
|
$ |
1,697,859 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
|
Net income (GAAP) |
$ |
35,577 |
|
|
$ |
33,031 |
|
|
$ |
30,776 |
|
|
$ |
98,148 |
|
|
$ |
27,122 |
|
|
|
ROTCE (annualized) |
|
8.03 |
% |
|
|
7.48 |
% |
|
|
7.19 |
% |
|
|
7.39 |
% |
|
|
2.13 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
|||||||||||||||||||||||||
|
PRE-PROVISION NET REVENUE (“PPNR”) |
9/30/2026 |
|
6/30/2026 |
|
% change |
|
9/30/2025 |
|
% change |
|
9/30/2026 |
|
9/30/2025 |
|
% change |
|||||||||||||
|
Net interest income |
$ |
135,365 |
|
|
$ |
128,969 |
|
|
5 |
% |
|
$ |
126,557 |
|
|
7 |
% |
|
$ |
388,391 |
|
|
$ |
344,829 |
|
|
13 |
% |
|
Noninterest income |
|
22,112 |
|
|
|
18,850 |
|
|
17 |
% |
|
|
15,385 |
|
|
44 |
% |
|
|
57,929 |
|
|
|
8,117 |
|
|
614 |
% |
|
Revenue |
|
157,477 |
|
|
|
147,819 |
|
|
7 |
% |
|
|
141,942 |
|
|
11 |
% |
|
|
446,320 |
|
|
|
352,946 |
|
|
26 |
% |
|
Less: Noninterest expense |
|
102,794 |
|
|
|
98,464 |
|
|
4 |
% |
|
|
96,861 |
|
|
6 |
% |
|
|
295,713 |
|
|
|
290,195 |
|
|
2 |
% |
|
PPNR |
$ |
54,683 |
|
|
$ |
49,355 |
|
|
11 |
% |
|
$ |
45,081 |
|
|
21 |
% |
|
$ |
150,607 |
|
|
$ |
62,751 |
|
|
140 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Notable items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Loss on investment portfolio repositioning |
$ |
— |
|
|
$ |
— |
|
|
|
|
$ |
— |
|
|
|
|
$ |
— |
|
|
$ |
38,856 |
|
|
|
|||
|
FDIC special assessment expense (reversal) |
|
— |
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
(58 |
) |
|
|
— |
|
|
|
|||
|
Merger related costs |
|
2,650 |
|
|
|
2,058 |
|
|
|
|
|
958 |
|
|
|
|
|
4,942 |
|
|
|
20,758 |
|
|
|
|||
|
Total notable items included in PPNR |
|
2,650 |
|
|
|
2,058 |
|
|
|
|
|
958 |
|
|
|
|
|
4,884 |
|
|
|
59,614 |
|
|
|
|||
|
PPNR, excluding notable items |
$ |
57,333 |
|
|
$ |
51,413 |
|
|
12 |
% |
|
$ |
46,039 |
|
|
25 |
% |
|
$ |
155,491 |
|
|
$ |
122,365 |
|
|
27 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
|||||||||||||||||||||||||
|
PROFITABILITY EXCLUDING NOTABLE ITEMS |
9/30/2026 |
|
6/30/2026 |
|
% change |
|
9/30/2025 |
|
% change |
|
9/30/2026 |
|
9/30/2025 |
|
% change |
|||||||||||||
|
Net income (GAAP) |
$ |
35,577 |
|
|
$ |
33,031 |
|
|
8 |
% |
|
$ |
30,776 |
|
|
16 |
% |
|
$ |
98,148 |
|
|
$ |
27,122 |
|
|
262 |
% |
|
Notable items: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Merger-related provision for credit losses |
|
— |
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
553 |
|
|
|
|||
|
Loss on investment portfolio repositioning |
|
— |
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
38,856 |
|
|
|
|||
|
FDIC special assessment expense (reversal) |
|
— |
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
(58 |
) |
|
|
— |
|
|
|
|||
|
Merger related costs |
|
2,650 |
|
|
|
2,058 |
|
|
|
|
|
958 |
|
|
|
|
|
4,942 |
|
|
|
20,758 |
|
|
|
|||
|
Total notable items included in pre-tax income |
|
2,650 |
|
|
|
2,058 |
|
|
|
|
|
958 |
|
|
|
|
|
4,884 |
|
|
|
60,167 |
|
|
|
|||
|
Tax effect on notable items in pre-tax income |
|
(759 |
) |
|
|
(590 |
) |
|
|
|
|
(208 |
) |
|
|
|
|
(1,399 |
) |
|
|
(13,170 |
) |
|
|
|||
|
Notable impact from California state tax apportionment law change |
|
— |
|
|
|
— |
|
|
|
|
|
— |
|
|
|
|
|
— |
|
|
|
4,878 |
|
|
|
|||
|
Total notable items, net of tax |
|
1,891 |
|
|
|
1,468 |
|
|
|
|
|
750 |
|
|
|
|
|
3,485 |
|
|
|
51,875 |
|
|
|
|||
|
Net income excluding notable items |
$ |
37,468 |
|
|
$ |
34,499 |
|
|
9 |
% |
|
$ |
31,526 |
|
|
19 |
% |
|
$ |
101,633 |
|
|
$ |
78,997 |
|
|
29 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||
|
Diluted common shares |
|
128,624,630 |
|
|
|
128,308,861 |
|
|
|
|
|
128,593,874 |
|
|
|
|
|
128,509,496 |
|
|
|
126,110,136 |
|
|
|
|||
|
EPS excluding notable items |
$ |
0.29 |
|
|
$ |
0.27 |
|
|
7 |
% |
|
$ |
0.25 |
|
|
16 |
% |
|
$ |
0.79 |
|
|
$ |
0.63 |
|
|
25 |
% |
|
Average assets |
$ |
18,991,587 |
|
|
$ |
18,707,236 |
|
|
|
|
$ |
18,548,982 |
|
|
|
|
$ |
18,741,699 |
|
|
$ |
18,126,058 |
|
|
|
|||
|
ROA excluding notable items (annualized) |
|
0.79 |
% |
|
|
0.74 |
% |
|
|
|
|
0.68 |
% |
|
|
|
|
0.72 |
% |
|
|
0.58 |
% |
|
|
|||
|
Average equity |
$ |
2,299,264 |
|
|
$ |
2,293,446 |
|
|
|
|
$ |
2,237,375 |
|
|
|
|
$ |
2,297,305 |
|
|
$ |
2,203,641 |
|
|
|
|||
|
ROE excluding notable items (annualized) |
|
6.52 |
% |
|
|
6.02 |
% |
|
|
|
|
5.64 |
% |
|
|
|
|
5.90 |
% |
|
|
4.78 |
% |
|
|
|||
|
Average TCE |
$ |
1,772,732 |
|
|
$ |
1,765,852 |
|
|
|
|
$ |
1,712,353 |
|
|
|
|
$ |
1,770,749 |
|
|
$ |
1,697,859 |
|
|
|
|||
|
ROTCE excluding notable items (annualized) |
|
8.45 |
% |
|
|
7.81 |
% |
|
|
|
|
7.36 |
% |
|
|
|
|
7.65 |
% |
|
|
6.20 |
% |
|
|
|||
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
|
Three Months Ended |
|
Nine Months Ended |
|||||||||||||||||
|
NONINTEREST INCOME EXCLUDING NOTABLE ITEMS |
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
|
9/30/2026 |
|
9/30/2025 |
||||||||||
|
Noninterest income |
$ |
22,112 |
|
|
$ |
18,850 |
|
|
$ |
15,385 |
|
|
$ |
57,929 |
|
|
$ |
8,117 |
|
|
Notable items: |
|
|
|
|
|
|
|
|
|
||||||||||
|
Loss on investment portfolio repositioning |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
38,856 |
|
|
Noninterest income excluding notable items |
$ |
22,112 |
|
|
$ |
18,850 |
|
|
$ |
15,385 |
|
|
$ |
57,929 |
|
|
$ |
46,973 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||||||||||
|
EFFICIENCY RATIO EXCLUDING NOTABLE ITEMS |
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
|
9/30/2026 |
|
9/30/2025 |
||||||||||
|
Noninterest expense |
$ |
102,794 |
|
|
$ |
98,464 |
|
|
$ |
96,861 |
|
|
$ |
295,713 |
|
|
$ |
290,195 |
|
|
Notable items: |
|
|
|
|
|
|
|
|
|
||||||||||
|
FDIC special assessment expense reversal |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
58 |
|
|
|
— |
|
|
Merger related costs |
|
(2,650 |
) |
|
|
(2,058 |
) |
|
|
(958 |
) |
|
|
(4,942 |
) |
|
|
(20,758 |
) |
|
Noninterest expense excluding notable items |
$ |
100,144 |
|
|
$ |
96,406 |
|
|
$ |
95,903 |
|
|
$ |
290,829 |
|
|
$ |
269,437 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Revenue |
$ |
157,477 |
|
|
$ |
147,819 |
|
|
$ |
141,942 |
|
|
$ |
446,320 |
|
|
$ |
352,946 |
|
|
Notable items: |
|
|
|
|
|
|
|
|
|
||||||||||
|
Loss on investment portfolio repositioning |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
38,856 |
|
|
Revenue excluding notable items |
$ |
157,477 |
|
|
$ |
147,819 |
|
|
$ |
141,942 |
|
|
$ |
446,320 |
|
|
$ |
391,802 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Efficiency ratio excluding notable items |
|
63.59 |
% |
|
|
65.22 |
% |
|
|
67.56 |
% |
|
|
65.16 |
% |
|
|
68.77 |
% |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
Three Months Ended |
|
Nine Months Ended |
||||||||||||||||
|
EFFECTIVE TAX RATE EXCLUDING NOTABLE ITEMS |
9/30/2026 |
|
6/30/2026 |
|
9/30/2025 |
|
9/30/2026 |
|
9/30/2025 |
||||||||||
|
Income before income taxes |
$ |
46,123 |
|
|
$ |
42,585 |
|
|
$ |
36,371 |
|
|
$ |
126,627 |
|
|
$ |
38,149 |
|
|
Notable items before tax effect |
|
2,650 |
|
|
|
2,058 |
|
|
|
958 |
|
|
|
4,884 |
|
|
|
60,167 |
|
|
Income before tax excluding notable items |
$ |
48,773 |
|
|
$ |
44,643 |
|
|
$ |
37,329 |
|
|
$ |
131,511 |
|
|
$ |
98,316 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
GAAP income tax provision |
$ |
10,546 |
|
|
$ |
9,554 |
|
|
$ |
5,595 |
|
|
$ |
28,479 |
|
|
$ |
11,027 |
|
|
Tax effect on notable items in pre-tax income |
|
759 |
|
|
|
590 |
|
|
|
208 |
|
|
|
1,399 |
|
|
|
13,170 |
|
|
Notable impact from California state tax apportionment law change |
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(4,878 |
) |
|
Income tax provision excluding notable items |
$ |
11,305 |
|
|
$ |
10,144 |
|
|
$ |
5,803 |
|
|
$ |
29,878 |
|
|
$ |
19,319 |
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Effective tax rate (GAAP) |
|
22.86 |
% |
|
|
22.44 |
% |
|
|
15.38 |
% |
|
|
22.49 |
% |
|
|
28.91 |
% |
|
Effective tax rate excluding notable items |
|
23.18 |
% |
|
|
22.72 |
% |
|
|
15.55 |
% |
|
|
22.72 |
% |
|
|
19.65 |
% |
|
|
|
|
|
|
|
|
|
|
|
||||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20261028135300/en/
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