Hope Bancorp Stock Price, News & Analysis

Hope Bancorp (NASDAQ: HOPE) declared a quarterly cash dividend of $0.14 per common share, payable on May 12, 2022, to stockholders of record by April 28, 2022. The announcement indicates a consistent approach to shareholder returns and reflects the company's commitment to providing income for investors. Additionally, an investor conference call will be held on April 19, 2022, to discuss financial results for the first quarter ending March 31, 2022.

Hope Bancorp, Inc. (NASDAQ: HOPE) reported a strong Q1 2022, with net income rising 18% to $60.7 million, or $0.50 per diluted share, a 39% increase year-over-year. The company recorded a record $1.03 billion in loan originations, representing a 21% increase from Q1 2021. Criticized loans fell significantly, leading to an $11.0 million negative provision for credit losses. Additionally, the net interest margin expanded to 3.21%. The efficiency ratio improved to 51.50%, indicating effective management of noninterest expenses.

Hope Bancorp, Inc. (NASDAQ: HOPE) will report its financial results for Q1 2022 after market close on April 18, 2022. A conference call will follow on April 19, 2022, at 9:30 a.m. PT. Investors can access the call via phone or a live webcast on the company's website. Hope Bancorp, a leading Korean American bank in the U.S. with $17.89 billion in total assets as of December 31, 2021, provides essential banking services across multiple states.

Hope Bancorp, Inc. (NASDAQ: HOPE) announced that its Chairman and CEO, Kevin S. Kim, along with CFO Alex Ko, will participate in the Keefe, Bruyette & Woods 2022 Winter Financial Services Symposium in Boca Raton, Florida, from February 17-18, 2022. An investor presentation for the event will be available on their Investor Relations website on the same date. Hope Bancorp operates as the holding company for Bank of Hope, the only super regional Korean American bank in the U.S. with $17.89 billion in assets as of December 31, 2021.

Hope Bancorp, Inc. (NASDAQ: HOPE) has initiated a new stock repurchase program, allowing the company to buy back up to $50 million of its common stock. This decision reflects the board's confidence in the company's long-term prospects, supported by strong financial performance in Q4 2021. The repurchase program has no expiration date and can be modified at the company's discretion. Repurchases may occur through various means depending on market conditions. An investor conference call detailing Q4 results is scheduled for January 25, 2022.

Hope Bancorp (NASDAQ: HOPE) declared a quarterly cash dividend of $0.14 per share, payable on February 17, 2022 to shareholders of record by February 3, 2022. The company, headquartered in Los Angeles, operates as the first super regional Korean American bank in the U.S., managing total assets of $17.89 billion as of December 31, 2021. Additionally, an investor conference call is scheduled for January 25, 2022 to discuss financial results for Q4 and the full year ended December 31, 2021.

Hope Bancorp, Inc. (NASDAQ: HOPE) reported strong financial results for Q4 and full year 2021. Q4 net income was $51.6 million ($0.43 per diluted share), down from $55.5 million in Q3 2021 but significantly up from $28.3 million in Q4 2020. Full year net income reached $204.6 million ($1.66 per diluted share), doubling 2020's results. Loan originations soared 23% to $1.24 billion, driving loans receivable up 4%. Pre-provision net revenue also increased by 10% quarter-over-quarter, indicating robust performance amid a challenging environment. The company is cautiously optimistic for 2022 with improved efficiencies and a focus on traditional growth.

Hope Bancorp, Inc. (NASDAQ: HOPE) will announce its 2021 fourth quarter and full-year financial results after market close on January 24, 2022. A conference call discussing these results is scheduled for January 25, 2022, at 9:30 a.m. PT / 12:30 p.m. ET. Institutional investors can join by dialing 866-235-9917, while others may participate via a live webcast available on the company’s investor relations site. The company operates Bank of Hope, the only super regional Korean American bank in the U.S., with total assets of $17.81 billion as of September 30, 2021.

Hope Bancorp, Inc. (NASDAQ: HOPE) announced the opening of a new full-service branch in Duluth, Georgia, aimed at serving Atlanta's Korean American community. This branch increases the total number of Bank of Hope branches to 54 nationwide. Chairman Kevin S. Kim emphasized the company's growth strategy and commitment to capturing economic opportunities in the region. As of September 30, 2021, Bank of Hope reported total assets of $17.8 billion, positioning itself as a key player in the financial sector for small and medium-sized businesses.