Hope Bancorp Stock Price, News & Analysis

Hope Bancorp, Inc. (NASDAQ: HOPE) announced that its Chairman and CEO, Kevin S. Kim, along with COO Peter Koh, will participate in the Piper Sandler 2023 Western Financial Services Conference in Del Mar, California on March 2, 2023. An investor presentation will be accessible on their website from the same date. Hope Bancorp operates as the parent company of Bank of Hope, the only super-regional Korean American bank in the U.S., with total assets of $19.16 billion as of December 31, 2022. The bank serves diverse customers across 53 branches in various states including California and Texas.

Hope Bancorp (NASDAQ: HOPE) announced that Peter Koh, Senior Executive Vice President and COO, will attend the Keefe, Bruyette & Woods 2023 Winter Financial Services Conference in Boca Raton, Florida from February 15-17, 2023. An investor presentation will be accessible on the company’s website on February 15, 2023.

As of December 31, 2022, Hope Bancorp holds $19.16 billion in total assets and is the only super regional Korean American bank in the U.S. It operates 54 branches across several states including California, New York, and Texas.

Hope Bancorp, Inc. (NASDAQ: HOPE) declared a quarterly cash dividend of $0.14 per common share, payable on February 16, 2023, to stockholders recorded by February 2, 2023. The company will host an investor conference call on January 24, 2023, to discuss its unaudited financial results for Q4 and the full year ended December 31, 2022. With total assets of $19.16 billion as of year-end 2022, Hope Bancorp is a significant player in the banking sector, focusing on services for small and medium-sized businesses.

Hope Bancorp, Inc. (NASDAQ: HOPE) reported its 2022 fourth quarter financial results, posting net income of $51.7 million or $0.43 per diluted share, a slight decrease from $53.7 million in Q3 2022. Annual net income rose to $218.3 million, up from $204.6 million in 2021. Pre-provision net revenue for Q4 2022 was $78.1 million, down from $82.6 million in Q3 2022 but increased 16.2% year-over-year. Loan originations totaled $793 million in Q4 with a year-over-year increase in loans receivable of 10.4%. Nonperforming assets decreased 28% quarter-over-quarter, showcasing improvement in asset quality.

Hope Bancorp, Inc. (NASDAQ: HOPE) announced the resignation of Senior Executive Vice President and Chief Financial Officer, Alex Ko, effective January 6, 2023. His departure is not due to disagreements, and he will serve as a consultant until March 31, 2023. David P. Malone, who has extensive experience with the company, has been appointed as Interim Chief Financial Officer. Malone has been a director since May 2014 and has previously served in various executive roles, ensuring continuity during this transition period.

Hope Bancorp, Inc. (NASDAQ: HOPE) will release its 2022 fourth quarter and full year financial results on January 23, 2023, after market close. A conference call is scheduled for January 24, 2023, at 9:30 a.m. PT to discuss these results. Interested parties can access the call via phone or a live webcast on the company's investor relations website. As of September 30, 2022, Hope Bancorp reported total assets of $19.08 billion.

Hope Bancorp, Inc. (NASDAQ: HOPE) has declared a quarterly cash dividend of $0.14 per share, payable on November 17, 2022, to stockholders of record by November 3, 2022. The announcement follows their previous notice of an investor conference call scheduled for October 25, 2022, at 9:30 AM PT, to discuss third-quarter financial results as of September 30, 2022. With total assets reaching $19.08 billion, Hope Bancorp operates as a super regional Korean American bank with 54 branches across several states.

Hope Bancorp (NASDAQ: HOPE) reported impressive financial results for Q3 2022, with net income at $53.7 million ($0.45 per share), a rise from the prior quarter's $52.1 million. Loan originations hit a record $1.35 billion, with commercial loans constituting 55%. Net interest income grew by 8% quarter-over-quarter and 18% year-over-year, driven by a 6.5% increase in loans receivable. Despite a $9.2 million provision for credit losses due to economic risks, nonperforming assets declined by 12%, indicating improving asset quality. The company remains optimistic about sustaining strong financial performance.

Hope Bancorp, Inc. (NASDAQ: HOPE) will report its 2022 third quarter financial results on October 24, 2022, after market close. A conference call to discuss these results is scheduled for October 25, 2022, at 9:30 a.m. PT. Investors can access the call via phone or a live webcast on their Investor Relations website. The company is the first super regional Korean American bank in the U.S., with total assets of $18.09 billion as of June 30, 2022.