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Hope Bancorp, Inc. 8-K Filings

HOPE NASDAQ

Every 8-K that Hope Bancorp, Inc. (HOPE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow HOPE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HOPE filings page.

Rhea-AI Summary

Hope Bancorp, Inc. (HOPE) announced that its wholly owned subsidiary, Bank of Hope, has received all required regulatory approvals to complete the previously announced acquisition of the Commercial Banking Unit of SMBC MANUBANK, a subsidiary of SMBC Americas Holdings, Inc. and Sumitomo Mitsui Banking Corporation. Approvals were granted by the Federal Deposit Insurance Corporation and the California Department of Financial Protection and Innovation. The transaction is expected to close early in the fourth quarter of 2026, subject to the satisfaction of customary closing conditions.

Bank of Hope and SMBC have also entered into a collaboration and partnership agreement under which Bank of Hope will provide commercial and consumer banking services in the United States to SMBC’s Japan-based middle market and retail customers after closing. Hope Bancorp reports that Bank of Hope had $18.99 billion in total assets as of June 30, 2026 and operates 45 full-service branches in eight U.S. states under the Bank of Hope banner and 28 branches in Hawaii under the Territorial Savings banner, plus additional loan production offices and a representative office in Seoul.

Rhea-AI Summary

Hope Bancorp, Inc. (HOPE) reports that on August 24, 2026 it and its subsidiary Bank of Hope entered into an Extension of Employment Agreement with Kevin S. Kim. Under this extension, Mr. Kim will continue as President and Chief Executive Officer of Hope Bancorp and Chief Executive Officer of Bank of Hope. The Initial Term of his employment agreement will now end, unless earlier terminated under the agreement, on August 31, 2031, and the agreement’s overall Term will not be extended under its automatic renewal provisions beyond August 31, 2033. The company has filed the full Extension as Exhibit 10.1.

Rhea-AI Summary

Hope Bancorp, Inc. reported stronger profitability for the quarter ended June 30, 2026. Net income was $33.0 million, or $0.26 per diluted share, up 12% from the prior quarter and reversing a loss in the year-ago period. Net income excluding notable items was $34.5 million, or $0.27 per diluted share, up 16% sequentially and 40% year over year.

Net interest income rose to $129.0 million with net interest margin expanding to 2.96%, helped by loan growth, higher loan yields and lower funding costs. Gross loans reached $15.03 billion and deposits $15.88 billion, with a 94.7% loan-to-deposit ratio. Asset quality remained solid: nonperforming assets were 0.59% of total assets and criticized loans fell meaningfully versus a year earlier. Capital ratios stayed well above well-capitalized levels, including a 13.95% total capital ratio and 9.58% tangible common equity ratio. The board declared a quarterly cash dividend of $0.14 per share and the company continued preparations for its pending acquisition of the Commercial Banking Unit of SMBC MANUBANK.

Rhea-AI Summary

Hope Bancorp, Inc. reported the results of its 2026 annual meeting of stockholders held virtually on May 21, 2026. Of 127,946,655 common shares outstanding as of the record date, 113,267,099 shares were represented and voted, a turnout of 88.53%.

All director nominees were elected with support generally in the mid‑90 million vote range and broker non-votes of 6,496,057 for each. Stockholders also ratified Crowe LLP as independent registered public accounting firm, with 109,712,291 shares voting for, and approved on an advisory basis 2025 compensation for Named Executive Officers, with 95,925,166 shares voting for.

Rhea-AI Summary

Hope Bancorp, Inc. reported solid first‑quarter 2026 results with net income of $29.5 million, or $0.23 per diluted share, up 40% from the prior‑year quarter. Revenue (net interest income plus noninterest income) rose to $141.0 million from $116.5 million a year earlier, driving pre‑provision net revenue of $46.6 million, up sharply year over year.

Net interest margin held steady at 2.90% as the cost of interest‑bearing deposits declined to 3.37%. Total loans were $14.74 billion and deposits were $15.73 billion at March 31, 2026, for a gross loan‑to‑deposit ratio of 93.7%. Asset quality remained manageable with criticized loans at 2.22% of total loans and nonperforming assets at 0.65% of total assets, though net charge‑offs increased to 0.29% of average loans, annualized.

Capital ratios stayed well above “well‑capitalized” levels, including a total capital ratio of 14.07% and a tangible common equity ratio of 9.68%. The Board declared a quarterly cash dividend of $0.14 per share and the company repurchased about 0.5% of outstanding shares in the quarter. Hope also highlighted its pending all‑cash acquisition of the Commercial Banking Unit of SMBC MANUBANK, expected to close in the second half of 2026, and reaffirmed its 2026 outlook calling for double‑digit growth in loans, revenue, and pre‑provision net revenue.

Rhea-AI Summary

Hope Bancorp, Inc. announced a leadership change at its bank subsidiary, Bank of Hope. Effective April 1, 2026, Peter J. Koh is promoted from Senior Executive Vice President and Chief Operating Officer to President & Chief Operating Officer of the Bank.

Kevin S. Kim will continue as Chairman and Chief Executive Officer of both the Company and the Bank, and as President of the Company. In connection with the promotion, Mr. Koh’s base salary increases to $600,000, and his target opportunities under both the short-term and long-term incentive plans rise to 80% of base salary.

Rhea-AI Summary

Hope Bancorp announced that its subsidiary Bank of Hope has agreed to acquire the Commercial Banking Unit of SMBC MANUBANK in an all-cash deal. The acquisition adds approximately $2.5 billion in loans and $2.7 billion in deposits based on December 31, 2025 balances, expanding its Los Angeles footprint and Asian-focused commercial banking platform. Hope expects the transaction to be over 20% accretive to earnings per share in 2027, with about 4.5% tangible book value dilution and an earn-back period of roughly two years. Pro forma tangible common equity ratio is estimated at 8.1%. The deal is unanimously approved by the boards and is expected to close in the second half of 2026, subject to customary regulatory approvals and conditions.

Rhea-AI Summary

Hope Bancorp, Inc. reported planned board changes at its 2026 Annual Meeting of Stockholders. Directors David P. Malone and Lisa K. Pai each notified the company on March 19, 2026 that they intend to retire from the board and will not stand for re-election at that meeting.

Mr. Malone will continue serving as a director and chair of the Board Risk Committee, and Ms. Pai will remain a director and member of the Board Risk Committee and Executive Committee, until their current terms end at the Annual Meeting. The company stated that their decisions to retire were not due to any disagreement related to its operations, policies, or practices.

Rhea-AI Summary

Hope Bancorp, Inc. announced that it released a news release covering its results of operations and financial condition for the fourth quarter and full year ended December 31, 2025, and made an accompanying earnings presentation available on its investor relations website. The company is also hosting an investor conference call on January 27, 2026, to review these financial results.

In addition, the Board of Directors declared a quarterly cash dividend of $0.14 per common share, payable on or about February 20, 2026, to stockholders of record as of the close of business on February 6, 2026. These disclosures provide shareholders with updated performance information and confirm the continuation of regular cash returns through the declared dividend.

Rhea-AI Summary

Hope Bancorp, Inc. reported several corporate governance updates and an upcoming board change. Director Scott Yoon-Suk Whang notified the board that he will retire at the 2026 Annual Meeting and will not stand for re-election. He will continue to serve as a director, Chair of the Nomination & Governance Committee, and a member of other committees until his term ends, and the board size will be reduced to nine directors at the meeting. The company stated his retirement does not stem from any disagreement over operations, policies, or practices.

The board approved amended and restated bylaws effective January 15, 2026. Key changes include adopting a majority voting standard in uncontested director elections, revised procedures for stockholder nominations and proposals, requirements for stockholders seeking to act by consent or call special meetings to first request a record date, updated indemnification and advancement provisions, confirming the board’s sole authority to fill vacancies, and a new voting standard for stockholder bylaw amendments. The board also enhanced its Corporate Governance Guidelines and Lead Independent Director Guidelines and added CEO succession planning guidelines.

Rhea-AI Summary

Hope Bancorp, Inc. (HOPE) furnished its third‑quarter 2025 results and declared a cash dividend. The company announced Q3 and nine‑month results via a news release and posted an accompanying earnings presentation on its investor relations website.

The Board declared a quarterly cash dividend of $0.14 per common share, payable on or about November 21, 2025, to stockholders of record as of the close of business on November 7, 2025. The company also hosted an investor conference call on October 28, 2025, at 9:30 a.m. Pacific / 12:30 p.m. Eastern to review the quarter.

Rhea-AI Summary

Hope Bancorp announced that Steven S. Koh, Honorary Chairman and board member, will retire from the board effective December 1, 2025. The company thanked him for his service and stated his decision was not due to any disagreement with the company on operations, policies or practices.

The filing notes that after Mr. Koh's retirement the board is expected to be fixed at 10 directors and that a press release announcing the retirement was issued on August 29, 2025 and is attached as Exhibit 99.1.

Rhea-AI Summary

Hope Bancorp (HOPE) filed a Form 8-K dated July 22, 2025. Under Item 2.02 the bank furnished a news release (Ex. 99.1) covering second-quarter and year-to-date results ended June 30, 2025; specific revenue, EPS or credit metrics are contained only in the exhibit. Management will review the numbers on an investor conference call the same day at 9:30 a.m. PT / 12:30 p.m. ET, supported by an earnings presentation (Ex. 99.2) posted to the company’s IR website.

Dividend action: Item 8.01 reports that the Board declared a quarterly cash dividend of $0.14 per common share, payable August 15, 2025, to shareholders of record as of August 1, 2025. No other material transactions or guidance were disclosed.