See more : Patrimoine et Commerce SA (PAT.PA) Income Statement Analysis – Financial Results
Complete financial analysis of Hope Bancorp, Inc. (HOPE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Hope Bancorp, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Hope Bancorp, Inc. (HOPE)
About Hope Bancorp, Inc.
Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides banking services for small and medium-sized businesses, and individuals in the United States. The company accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. Its loan products include commercial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, and other business related financing needs; real estate loans; small business administration loans; and consumer loans, such as single-family mortgage, home equity, auto, credit card, and personal loans. The company also offers trade finance services, including the issuance and negotiation of letters of credit, as well as handles documentary collections; warehouse lines of credit to mortgage loan originators; and commercial equipment lease financing. In addition, it provides cash management services, such as remote deposit capture, lock box, and ACH origination services; investment and wealth management services; mobile banking services; debit card services; foreign exchanges services, safe deposit boxes, and other customary bank services; internet banking services; and automated teller machine services. As of December 31, 2021, the company operated 47 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, and Alabama; SBA loan production offices in Atlanta, Houston, Dallas, Denver, Portland, Seattle, Fremont, and Southern California; and a representative office in Seoul, Korea. Hope Bancorp, Inc. was incorporated in 2000 and is headquartered in Los Angeles, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 571.44M | 623.92M | 551.96M | 514.11M | 511.30M | 545.24M | 547.21M | 412.22M | 314.81M | 300.64M | 295.65M | 277.63M | 152.95M | 132.87M | 110.81M | 111.93M | 119.78M | 113.88M | 99.77M | 79.12M | 65.87M | 53.11M | 46.21M | 40.97M | 25.36M | 12.55M | 9.08M | 6.00M |
| Cost of Revenue | -523.02M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.78M | 9.01M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.09B | 623.92M | 551.96M | 514.11M | 511.30M | 545.24M | 547.21M | 412.22M | 314.81M | 300.64M | 286.87M | 268.62M | 152.95M | 132.87M | 110.81M | 111.93M | 119.78M | 113.88M | 99.77M | 79.12M | 65.87M | 53.11M | 46.21M | 40.97M | 25.36M | 12.55M | 9.08M | 6.00M |
| Gross Profit Ratio | 191.53% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 97.03% | 96.75% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 225.14M | 210.97M | 190.59M | 177.81M | 175.84M | 174.33M | 162.02M | 123.51M | 98.17M | 88.95M | 77.71M | 65.30M | 35.98M | 34.18M | 29.18M | 28.89M | 28.43M | 27.10M | 23.93M | 22.18M | 20.20M | 17.25M | 16.04M | 13.63M | 8.17M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 7.47M | 8.71M | 6.28M | 9.15M | 9.41M | 10.28M | 7.32M | 5.09M | 5.43M | 5.18M | 5.08M | 2.49M | 2.02M | 1.67M | 2.03M | 1.99M | 2.35M | 2.15M | 1.85M | 1.39M | 1.52M | 857.77K | 324.11K | 231.61K | 0.00 | 0.00 | 0.00 |
| SG&A | 225.14M | 218.44M | 199.30M | 184.09M | 184.98M | 183.74M | 172.30M | 130.83M | 103.26M | 94.38M | 82.89M | 70.37M | 38.46M | 36.20M | 30.85M | 30.92M | 30.42M | 29.45M | 26.07M | 24.04M | 21.60M | 18.78M | 16.90M | 13.96M | 8.40M | 0.00 | 0.00 | 0.00 |
| Other Expenses | 346.30M | -71.60M | -475.99M | -555.92M | -469.94M | -311.26M | -59.96M | -47.23M | 0.00 | 0.00 | 0.00 | 0.00 | -116.56M | -142.16M | -87.89M | -67.76M | -15.83M | -25.91M | -42.52M | -51.23M | -48.35M | -36.15M | -47.79M | -41.17M | -20.21M | -3.25M | -2.17M | -1.20M |
| Operating Expenses | 571.44M | 13.78M | -276.69M | -371.82M | -284.95M | -127.52M | 25.24M | 13.88M | 10.68M | 11.31M | 10.38M | 8.96M | -78.10M | -105.95M | -57.04M | -36.84M | 14.59M | 3.54M | -16.45M | -27.19M | -26.76M | -17.37M | -30.89M | -27.21M | -11.81M | -3.25M | -2.17M | -1.20M |
| Cost & Expenses | 571.44M | 13.78M | -276.69M | -371.82M | -284.95M | -127.52M | 25.24M | 13.88M | 10.68M | 11.31M | 19.16M | 17.97M | -78.10M | -105.95M | -57.04M | -36.84M | 14.59M | 3.54M | -16.45M | -27.19M | -26.76M | -17.37M | -30.89M | -27.21M | -11.81M | -3.25M | -2.17M | -1.20M |
| Interest Income | 1.05B | 716.12M | 566.53M | 598.88M | 684.79M | 650.17M | 572.10M | 421.93M | 313.66M | 302.66M | 283.07M | 267.89M | 161.90M | 150.44M | 158.05M | 166.93M | 175.77M | 155.83M | 116.51M | 77.07M | 61.42M | 48.57M | 47.86M | 41.36M | 25.22M | 18.66M | 13.28M | 8.75M |
| Interest Expense | 523.02M | 137.69M | 53.76M | 131.38M | 218.19M | 162.25M | 90.72M | 58.58M | 40.62M | 36.06M | 30.02M | 29.65M | 32.08M | 42.05M | 65.70M | 70.71M | 78.57M | 61.22M | 37.65M | 18.69M | 15.93M | 13.46M | 16.97M | 14.15M | 7.92M | 6.11M | 4.20M | 2.75M |
| Depreciation & Amortization | -195.86M | 1.90M | 10.20M | 10.30M | 10.50M | 11.80M | 12.00M | 9.80M | -4.53M | -13.13M | -13.43M | -21.36M | 8.69M | 10.98M | 5.01M | 2.82M | 3.14M | 4.53M | 4.02M | 3.30M | 1.62M | -125.23K | -425.88K | -183.61K | 414.75K | 0.00 | 0.00 | 0.00 |
| EBITDA | 1.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 138.83M | 51.46M | 0.00 | 0.00 | 0.00 | 69.26M | 66.39M | 54.64M | 39.71M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.81M |
| EBITDA Ratio | 0.31% | 69.52% | 49.87% | 27.68% | 44.27% | 76.61% | 62.07% | 60.21% | 60.81% | 56.36% | 50.99% | 52.56% | 54.62% | 28.52% | 53.05% | 69.60% | 114.80% | 107.08% | 87.55% | 69.80% | 61.84% | 67.05% | 72.80% | 76.17% | 55.06% | 74.13% | 76.04% | 80.09% |
| Operating Income | 197.66M | 433.74M | 275.27M | 142.29M | 226.35M | 417.73M | 354.56M | 249.78M | 195.97M | 182.58M | 164.17M | 167.28M | 74.85M | 26.91M | 53.78M | 75.09M | 134.37M | 117.42M | 83.32M | 51.92M | 39.11M | 35.74M | 15.32M | 13.76M | 13.55M | 9.30M | 6.90M | 4.81M |
| Operating Income Ratio | 34.59% | 69.52% | 49.87% | 27.68% | 44.27% | 76.61% | 64.79% | 60.59% | 62.25% | 60.73% | 55.53% | 60.25% | 48.94% | 20.26% | 48.53% | 67.09% | 112.18% | 103.10% | 83.52% | 65.63% | 59.38% | 67.29% | 33.16% | 33.58% | 53.42% | 74.13% | 76.04% | 80.09% |
| Total Other Income/Expenses | -19.77M | -8.74M | -13.21M | -15.51M | -9.29M | -13.73M | -41.29M | -45.45M | -20.00M | -28.46M | -32.36M | -6.71M | -11.10M | -15.14M | -11.92M | -1.71M | 0.00 | 0.00 | 0.00 | -2.60M | -15.93M | -17.66M | 1.78M | 3.48M | -7.92M | -1.57M | -540.00K | -429.00K |
| Income Before Tax | 177.89M | 296.05M | 275.27M | 142.29M | 226.35M | 255.48M | 263.83M | 191.20M | 155.35M | 146.52M | 136.92M | 137.63M | 42.78M | -15.14M | -11.92M | 4.38M | 55.80M | 56.20M | 45.67M | 33.24M | 23.18M | 18.08M | 17.10M | 17.24M | 5.63M | 4.93M | 3.81M | 1.96M |
| Income Before Tax Ratio | 31.13% | 47.45% | 49.87% | 27.68% | 44.27% | 46.86% | 48.21% | 46.38% | 49.35% | 48.74% | 46.31% | 49.57% | 27.97% | -11.39% | -10.76% | 3.91% | 46.58% | 49.35% | 45.78% | 42.01% | 35.19% | 34.04% | 37.00% | 42.08% | 22.20% | 39.25% | 41.96% | 32.67% |
| Income Tax Expense | 44.21M | 77.77M | 70.70M | 30.78M | 55.31M | 65.89M | 124.39M | 77.45M | 63.09M | 57.91M | 53.43M | 54.41M | 15.66M | -7.90M | -6.20M | 1.63M | 22.60M | 22.40M | 18.81M | 13.46M | 8.87M | 6.78M | 6.32M | 6.78M | 1.66M | 1.73M | 1.11M | -99.00K |
| Net Income | 133.67M | 218.28M | 204.57M | 111.52M | 171.04M | 189.59M | 139.45M | 113.75M | 92.26M | 88.62M | 83.48M | 83.22M | 27.12M | -7.24M | -5.72M | 2.76M | 33.20M | 33.81M | 26.86M | 19.78M | 14.31M | 15.50M | 10.78M | 10.46M | 3.97M | 3.20M | 2.70M | 2.06M |
| Net Income Ratio | 23.39% | 34.98% | 37.06% | 21.69% | 33.45% | 34.77% | 25.48% | 27.59% | 29.31% | 29.48% | 28.24% | 29.98% | 17.73% | -5.45% | -5.16% | 2.46% | 27.72% | 29.68% | 26.92% | 25.00% | 21.73% | 29.18% | 23.33% | 25.52% | 15.66% | 25.47% | 29.72% | 34.32% |
| EPS | 1.11 | 1.82 | 1.67 | 0.90 | 1.35 | 1.44 | 1.03 | 1.10 | 1.16 | 1.11 | 1.03 | 0.99 | 0.53 | -0.19 | -0.20 | 0.09 | 1.27 | 1.31 | 1.11 | 0.85 | 0.59 | 0.63 | 0.49 | 0.54 | 0.21 | 0.17 | 0.20 | 0.18 |
| EPS Diluted | 1.11 | 1.81 | 1.66 | 0.90 | 1.35 | 1.44 | 1.03 | 1.10 | 1.16 | 1.11 | 1.03 | 0.99 | 0.53 | -0.19 | -0.20 | 0.09 | 1.25 | 1.28 | 1.07 | 0.80 | 0.59 | 0.60 | 0.46 | 0.51 | 0.20 | 0.16 | 0.19 | 0.18 |
| Weighted Avg Shares Out | 120.43M | 119.82M | 122.32M | 123.50M | 126.60M | 131.72M | 135.35M | 103.29M | 79.55M | 79.49M | 79.04M | 78.01M | 42.19M | 37.92M | 28.36M | 26.20M | 26.17M | 25.81M | 24.20M | 23.17M | 21.80M | 21.99M | 22.01M | 19.36M | 18.91M | 18.80M | 13.66M | 11.29M |
| Weighted Avg Shares Out (Dil) | 120.39M | 120.47M | 123.13M | 123.89M | 126.88M | 131.95M | 135.68M | 103.53M | 79.61M | 79.61M | 79.26M | 78.09M | 42.21M | 37.92M | 28.36M | 26.42M | 26.50M | 26.41M | 25.10M | 24.73M | 23.27M | 23.08M | 23.32M | 20.50M | 19.86M | 19.98M | 14.01M | 11.29M |
Hope Bancorp to Report 2024 Third Quarter Financial Results on Monday, October 28, 2024
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that the Company will report financial results for its third quarter and nine months ended September 30, 2024, before the markets open on Monday, October 28, 2024. A conference call to...
Blue Hill Advisors and Investors Reiterate Superior Proposal for Territorial Bancorp and Refute Territorial's Assertions
Reaffirm Commitment to Superior $12.50 Per Share Cash Offer for Territorial Correct the Record on Board's Misleading Claims About the Hope Merger and Investor Proposal Call on Shareholders to Remain Opposed to Merger with Hope as Board Refuses to Engage...
Capricor Therapeutics to Present Long-Term Data from HOPE-2 Open Label Extension Study at 2024 World Muscle Society Congress
SAN DIEGO, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Capricor Therapeutics (NASDAQ: CAPR), a biotechnology company developing transformative cell and exosome-based therapeutics for the treatment of rare diseases, announced today that the Company will present the three-year safety and efficacy results...
Blue Hill Advisors Announces ISS Recommendation AGAINST Territorial Bancorp Merger with Hope Bancorp
Concludes that Proposed Merger with Hope "Does Not Appear to Maximize Value for Shareholders" Competing Offer "Appears Sufficiently Credible to Mitigate the Downside Risk of Rejecting the Proposed Merger" Recommends Territorial Shareholders Vote Against All Proposals at the Upcoming Special...
Blue Hill Advisors Announces Increased Cash Offer for Territorial Bancorp
Raises Cash Offer from $12.00 to $12.50, a 27% Premium to the Value of the Hope Takeover Releases Presentation: "A Better Deal for Territorial" Launches www.NewTerritorial.com to Keep Stakeholders Informed of the Latest Developments HONOLULU , Sept. 26, 2024 /PRNewswire/ --...
Blue Hill Advisors and Other Leading Bank Investors Reiterate Commitment to Superior Cash Offer for Territorial Bancorp
Territorial Shareholders Would Receive $12.00 Per Share in Cash, a 29% Premium1 Strong Capital Support from Veteran Bank Funds Exceeds Required Capital Territorial Would Remain a Hawaii Institution Under Local Hawaii Leadership HONOLULU , Sept. 17, 2024 /PRNewswire/ -- Blue...
FanDuel Continues Commitment to Financial Literacy with Expansion of Operation HOPE Partnership
Free financial counseling expands in Kentucky one year after the launch of mobile sports betting Partnership with leading organization dedicated to providing access to financial education and empowerment aims to help individuals understand how to best manage their personal finances...
WellCare of North Carolina Donates $100,000 to Support Camp HOPE America
Funding will Support Youth Impacted by Domestic Violence Across the State RALEIGH, N.C. , Sept. 4, 2024 /PRNewswire/ -- WellCare of North Carolina (WellCare), a Medicaid health plan and a Centene Corporation (NYSE: CNC) company, announced today a $100,000 donation...
Hope Bancorp, Inc. (HOPE) Q2 2024 Earnings Call Transcript
Hope Bancorp, Inc. (NASDAQ:HOPE ) Q2 2024 Earnings Call Transcript July 29, 2024 12:30 PM ET Company Participants Angie Yang - Director of IR Kevin Kim - Chairman, President, and CEO Julianna Balicka - CFO Conference Call Participants Matthew Clark...
Hope Bancorp (HOPE) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for Hope Bancorp (HOPE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Source: https://incomestatements.info
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