Hope Bancorp Stock Price, News & Analysis

Hope Bancorp (NASDAQ: HOPE) reported Q1 2025 net income of $21.1 million, or $0.17 per diluted share. Excluding notable items, net income was $22.9 million ($0.19 per share), down from Q4 2024's $24.3 million ($0.20 per share).

Key financial metrics for Q1 2025:

• Net interest income: $100.8 million, down 1% from Q4
• Net interest margin: 2.54%, up from 2.50%
• Total deposits: $14.49 billion, up 1%
• Loans receivable: $13.34 billion, down 2%
• Nonperforming assets: $83.9 million (0.49% of total assets)

The company completed its acquisition of Territorial Bancorp on April 2, 2025, adding approximately $1.7 billion in core deposits and $1.0 billion in residential mortgage loans. Capital ratios improved quarter-over-quarter, with the tangible common equity ratio increasing to 10.20%.

Hope Bancorp (NASDAQ: HOPE) has announced it will release its 2025 first quarter financial results before markets open on Tuesday, April 22, 2025. The company will host a conference call to discuss the results on the same day at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time.

A presentation deck will be available on the company's investor relations website. Institutional investors and analysts can join via phone, while other interested parties can access a live webcast through Hope Bancorp's investor relations website. The archived webcast will remain available for one year, and a telephonic replay will be accessible until April 29, 2025.

Hope Bancorp (NASDAQ: HOPE) has completed its merger with Territorial Bancorp, expanding its presence into Hawaii. The merger, effective April 2, 2025, will see Territorial Savings Bank operate as a division of Bank of Hope, maintaining its century-old brand legacy and community commitment.

Under the merger agreement, Territorial shareholders will receive 0.8048 shares of Hope Bancorp common stock for each Territorial share. Following this strategic combination, Bank of Hope has positioned itself as the largest regional bank serving multi-cultural customers across the continental United States and Hawaii.

Hope Bancorp (NASDAQ: HOPE) and Territorial Bancorp have received all regulatory approvals for their previously announced merger, expected to complete in April 2025. The merged entity will operate in Hawaii under the trade name 'Territorial Savings, a division of Bank of Hope', maintaining Territorial's century-old legacy and community commitment.

The merger aims to create the largest regional bank serving multi-cultural customers across continental US and Hawaiian Islands. The combined organization will benefit from Territorial's stable, low-cost deposit base and residential mortgage portfolio with strong asset quality, strengthening Hope Bancorp's position as a leading Asian American bank.

Post-merger, Territorial's operations will leverage the combined company's expanded balance sheet, resources, and broader banking services portfolio to enhance market share and customer experience.

Hope Bancorp (NASDAQ: HOPE) has announced its participation in the 2025 KBW Winter Financial Services Conference in Boca Raton, Florida, scheduled for February 12-14, 2025. The company will be represented by Chairman, President and CEO Kevin S. Kim and EVP & CFO Julianna Balicka.

The company will make its investor presentation materials available to the public through the Investor Relations section of their website at www.ir-hopebancorp.com starting February 12, 2025.

Hope Bancorp (NASDAQ: HOPE) has announced a quarterly cash dividend declaration of $0.14 per common share. The dividend will be distributed to stockholders of record as of February 6, 2025, with payment scheduled for February 20, 2025.

Hope Bancorp (NASDAQ: HOPE) reported Q4 2024 net income of $24.3 million ($0.20 per diluted share), compared to $24.2 million in Q3 2024. Full-year 2024 net income was $99.6 million ($0.82 per diluted share).

Q4 highlights include a 14% increase in pre-provision net revenue to $40.4 million, an 11% decrease in criticized loans, and a 13% reduction in nonperforming assets. The company's total revenue grew to $118.0 million, up 1% from Q3, driven by strong noninterest income growth.

Key metrics as of December 31, 2024: loans receivable remained stable at $13.62 billion, total deposits decreased 3% to $14.33 billion, and the allowance for credit losses was $150.5 million (1.11% of loans receivable). The tangible common equity ratio stood at 10.05%.

The company is in final stages of preparing for the integration of Territorial Savings Bank, with the merger expected to complete in Q1 2025, subject to regulatory approvals.

Hope Bancorp (NASDAQ: HOPE) has announced it will release its fourth quarter and full-year 2024 financial results before market open on Monday, January 27, 2025. The company will host a conference call to discuss the results at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time on the same day.

A presentation deck will be available on the company's investor relations website. Institutional investors and analysts can join via phone, while other interested parties can access the live webcast through Hope Bancorp's investor relations website. The archived webcast will remain available for one year, and a telephonic replay will be accessible until February 3, 2025.

Blue Hill Advisors has issued an open letter to Territorial Bancorp shareholders regarding their $12.50 per share cash offer, representing a 25% premium over Hope Bancorp's current offer. The letter challenges Territorial's Board's reluctance to engage with their proposal, arguing that the Hope merger agreement allows exploration of potentially superior offers. Blue Hill emphasizes that Hope cannot terminate the deal if the Board conducts due diligence on their proposal. The investor group urges shareholders to vote against the Hope sale at the November 6 meeting, allowing time for proper evaluation of their offer, which includes an option for existing holders to retain up to 49% ownership.