See more : Uniroyal Global Engineered Products, Inc. (UNIR) 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) 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 2023, it could be worth looking at how some of its key metrics compare to Wall Street...
Hope Bancorp (HOPE) Q1 Earnings and Revenues Lag Estimates
Hope Bancorp (HOPE) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.50 per share a year ago.
Hope Bancorp Reports 2023 First 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 first quarter ended March 31, 2023. For the three months ended March 31, 2023, net...
Hope Bancorp Appoints Julianna Balicka Chief Financial Officer
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) (the “Company”), the holding company of Bank of Hope (the “Bank”), today announced the appointment of Julianna Balicka as Executive Vice President and Chief Financial Officer of the Company and Bank, effective immediately....
Hope Bancorp Announces Notification to Holders of 2.00% Convertible Senior Notes of Their Contractual Put Right
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE) announced today that it is notifying holders of its 2.00% Convertible Senior Notes due 2038 (CUSIP NUMBER 43940TAB5) (the “Notes”) that they have the right to surrender their Notes for repurchase...
Hope Bancorp to Report 2023 First Quarter Financial Results on Monday, April 24, 2023
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that the company will report financial results for its 2023 first quarter after the markets close on Monday, April 24, 2023. A conference call to discuss 2023 first quarter financial results...
Hope Bancorp to Participate in the Piper Sandler 2023 Western 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 Senior Executive Vice President and Chief Operating Officer Peter Koh will be participating in the Piper Sandler 2023 Western Financial...
Hope Bancorp to Participate in the KBW 2023 Winter Financial Services Conference
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that Senior Executive Vice President and Chief Operating Officer Peter Koh will be participating in the Keefe, Bruyette & Woods 2023 Winter Financial Services Conference in Boca Raton, Florida, February 15-17,...
New Strong Sell Stocks for January 27th
CIVI, MTDR and HOPE have been added to the Zacks Rank #5 (Strong Sell) List on January 27, 2023.
Hope Bancorp, Inc. (HOPE) Q4 2022 Earnings Call Transcript
Hope Bancorp, Inc. (NASDAQ:HOPE ) Q4 2022 Earnings Conference Call January 24, 2023 12:30 PM ET Company Participants Angie Yang - Director, Investor Relations and Corporate Communications Kevin Kim - Chairman, President and Chief Executive Officer David Malone - Interim...
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