See more : Kesko Oyj (KESKOB.HE) 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 (HOPE) Matches Q2 Earnings Estimates
Hope Bancorp (HOPE) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.32 per share a year ago.
Hope Bancorp Reports 2024 Second Quarter Financial Results
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its second quarter and six months ended June 30, 2024. For the three months ended June...
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ATLANTA--(BUSINESS WIRE)--Operation HOPE, a national nonprofit dedicated to helping low- and moderate-income Americans thrive in an ever-changing economy, is pleased to announce that The PNC Financial Services Group, Inc. (PNC) has joined as an elite Founder's Circle Member. Its $1...
Hope Bancorp to Participate in D.A. Davidson's 26th Annual Financial Institutions Conference
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that Executive Vice President and Chief Financial Officer Julianna Balicka will be participating in D.A. Davidson's 26th Annual Financial Institutions Conference in Colorado Springs, Colo., May 9, 2024. A copy of...
TERRITORIAL BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Territorial Bancorp Inc. - TBNK
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Territorial Bancorp Inc. (NasdaqGS: TBNK) to Hope Bancorp, Inc. (NasdaqGS: HOPE)....
Hope Bancorp, Inc. (HOPE) Q1 2024 Earnings Call Transcript
Hope Bancorp, Inc. (NASDAQ:HOPE ) Q1 2024 Earnings Conference Call April 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 Gary Tenner...
Hope Bancorp (HOPE) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Hope Bancorp (HOPE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street...
Hope Bancorp (HOPE) Misses Q1 Earnings and Revenue Estimates
Hope Bancorp (HOPE) came out with quarterly earnings of $0.23 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.33 per share a year ago.
Hope Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per common share. The dividend is payable on or about May 23, 2024, to all stockholders of...
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