Welcome to our dedicated page for Hope Bancorp news (Ticker: HOPE), a resource for investors and traders seeking the latest updates and insights on Hope Bancorp stock.
Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company for Bank of Hope, a California-chartered commercial bank described by the company as the only regional Korean American bank in the United States. Through Bank of Hope and the Territorial Savings division, the organization focuses on commercial, corporate and consumer banking across the continental United States and Hawaii. This news page aggregates company-issued updates and market-moving announcements related to HOPE stock and its banking operations.
Visitors can review earnings news releases that discuss Hope Bancorp’s results of operations and financial condition, including loan and deposit composition, credit quality metrics, and capital ratios, as summarized in the company’s public communications. The company also uses news releases to announce quarterly cash dividend declarations on its common stock, providing details on dividend amounts, record dates and payment dates.
In addition to financial results and dividends, Hope Bancorp issues news about corporate developments such as the completion of the Territorial Bancorp Inc. acquisition, changes in board composition and participation in investor conferences. The company regularly announces the timing of upcoming earnings releases, conference calls and webcasts, inviting institutional investors, analysts and other interested parties to follow its presentations.
This HOPE news feed offers a centralized view of these disclosures, helping readers track themes such as commercial and commercial real estate lending trends, SBA loan sales, residential mortgage growth, deposit mix changes and the bank’s stated focus on multicultural customers. For investors and observers of regional commercial banks, the updates provide ongoing context on how Hope Bancorp communicates its strategy, financial performance and governance decisions over time.
Hope Bancorp (NASDAQ: HOPE) reported a net loss of $27.9 million, or $(0.22) per diluted share, for Q2 2025. Excluding notable items, net income was $24.5 million, or $0.19 per share. The quarter was marked by three significant events: the completion of Territorial Bancorp acquisition, a strategic securities portfolio repositioning, and changes to California's tax law.
Key financial metrics include 17% growth in net interest income, a 15 basis point expansion in net interest margin to 2.69%, and an 8% increase in loans to $14.43 billion. Total deposits grew 10% to $15.94 billion, while the cost of average total deposits decreased by 22 basis points to 2.96%.
The securities portfolio repositioning is expected to contribute approximately $12 million to annual interest income. Credit quality metrics showed mixed results with criticized loans decreasing 8% but nonperforming assets increasing to 0.61% of total assets.
Hope Bancorp (NASDAQ: HOPE) has scheduled its 2025 second quarter financial results announcement for Tuesday, July 22, 2025, before market open. 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 can join via phone, while others can access the live webcast through Hope Bancorp's IR website. The archived webcast will remain available for one year, and a telephonic replay will be accessible until July 29, 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 the close of business on May 2, 2025, with payment scheduled for May 16, 2025.
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.
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