Hope Bancorp, Inc. (HOPE) Income Statement Analysis

See more : DonkeyRepublic Holding A/S (DONKEY.CO) 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)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.bankofhope.com

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

Why Hope Bancorp (HOPE) Might Surprise This Earnings Season

January 16, 2024zacks.com

Hope Bancorp (HOPE) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Hope Bancorp (HOPE) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

January 15, 2024zacks.com

Hope Bancorp (HOPE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Is Hope Bancorp (HOPE) Stock Undervalued Right Now?

December 28, 2023zacks.com

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...

Hope Bancorp, Inc. (HOPE) Q3 2023 Earnings Call Transcript

October 23, 2023seekingalpha.com

Hope Bancorp, Inc. (NASDAQ:HOPE ) Q3 2023 Earnings Conference Call October 23, 2023 12:30 PM ET Company Participants Angie Yang - Director, IR Kevin Kim - Chairman, President & CEO Julianna Balicka - EVP & CFO Peter Koh - SEVP...

Compared to Estimates, Hope Bancorp (HOPE) Q3 Earnings: A Look at Key Metrics

October 23, 2023zacks.com

Although the revenue and EPS for Hope Bancorp (HOPE) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago...

Hope Bancorp (HOPE) Lags Q3 Earnings Estimates

October 23, 2023zacks.com

Hope Bancorp (HOPE) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.45 per share a year ago.

Hope Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share

October 23, 2023businesswire.com

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 November 16, 2023 to all stockholders of...

Hope Bancorp Reports 2023 Third Quarter Financial Results; Announces Strategic Reorganization

October 23, 2023businesswire.com

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 third quarter and nine months ended September 30, 2023. For the three months ended September...

Analysts Estimate Hope Bancorp (HOPE) to Report a Decline in Earnings: What to Look Out for

October 16, 2023zacks.com

Hope Bancorp (HOPE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Hope Bancorp to Report 2023 Third Quarter Financial Results on Monday, October 23, 2023

October 10, 2023businesswire.com

LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that the company will report financial results for its 2023 third quarter before the markets open on Monday, October 23, 2023. A conference call to discuss 2023 third quarter financial results...

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Category: Stock Reports

Hope Bancorp, Inc. (HOPE) Income Statement Analysis – Financial Results

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