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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 Reports 2024 First Quarter Financial Results; Signs Definitive Merger With Territorial Bancorp
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (“Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (“Bank”), today reported unaudited financial results for its first quarter ended March 31, 2024. For the three months ended March 31, 2024, net income totaled...
Hope Bancorp and Territorial Bancorp Announce Definitive Merger Agreement
LOS ANGELES & HONOLULU--(BUSINESS WIRE)--Hope Bancorp, Inc. (“Hope Bancorp”) (NASDAQ: HOPE), the holding company of Bank of Hope, and Territorial Bancorp Inc. (“Territorial”) (NASDAQ: TBNK), the stock holding company of Territorial Savings Bank, today jointly announced the signing of a...
Hope Bancorp to Report 2024 First Quarter Financial Results on Monday, April 29, 2024
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that the Company will report financial results for its 2024 first quarter before the markets open on Monday, April 29, 2024. A conference call to discuss 2024 first quarter financial results...
Hope Bancorp to Participate in the Piper Sandler 2024 Western Financial Services 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 the Piper Sandler 2024 Western Financial Services Conference in Las Vegas, February 28-29, 2024. A copy of...
Hope Bancorp to Participate in the 2024 KBW Winter Financial Services Conference
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that Chairman, President and Chief Executive Officer Kevin S. Kim and Executive Vice President and Chief Financial Officer Julianna Balicka will be participating in the 2024 KBW Winter Financial Services Conference...
Hope Bancorp, Inc. (HOPE) Q4 2023 Earnings Call Transcript
Hope Bancorp, Inc. (HOPE) Q4 2023 Earnings Call Transcript
Hope Bancorp (HOPE) Reports Q4 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Hope Bancorp (HOPE) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the 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 February 23, 2024, to all stockholders of...
Hope Bancorp Reports 2023 Fourth Quarter and Full-Year 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 fourth quarter and full year ended December 31, 2023. For the three months ended December...
Hope Bancorp to Report 2023 Fourth Quarter Financial Results on Tuesday, January 30, 2024
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that the Company will report financial results for its 2023 fourth quarter before the markets open on Tuesday, January 30, 2024. A conference call to discuss 2023 fourth quarter financial results...
Source: https://incomestatements.info
Category: Stock Reports