Piper Sandler downgraded Territorial Bancorp from Neutral to Underweight and set a new price target of $24.00 from $27.00 previously

The Company's tier one leverage and risk-based capital ratios were 11.68% and 28.96%, respectively, and the Company is considered to be "well-capitalized" at December 31, 2024.Ratio of non-performing assets to total assets of 0.09% at December 31, 2024. HONOLULU, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, reported a net loss of $1.72 million, or $0.20 per diluted share, for the three months ended December 31, 2024. Results reflect $1.53 million of pre-tax merger-related expenses. The Board of Directors approved a dividend of $0.01 per share. The dividend

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 twelve months ended December 31, 2024. For the three months ended December 31, 2024, net income totaled $24.3 million, or $0.20 per diluted common share. This compares with net income of $24.2 million, or $0.20 per diluted common share, in the third quarter of 2024. For the full year ended December 31, 2024, net income totaled $99.6 million, or $0.82 per diluted common share. Excluding notable items(1), net income for the 2024 full year was $103.4 million, or $0.85 per diluted common share. "For the 2024 fourth quarter, o

HONOLULU, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") today announced that the Company's Board of Directors has reaffirmed its recommendation that Territorial shareholders vote "FOR" the merger with Hope Bancorp, Inc. ("Hope Bancorp") (NASDAQ:HOPE) at the November 6, 2024, Special Meeting of Stockholders. On October 25, 2024, Territorial received additional information from Blue Hill Advisors ("Blue Hill") with respect to its preliminary indication of interest to acquire the Company. Territorial's Board of Directors (the "Territorial Board"), with the assistance of its legal and financial advisors, over the course of sever

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, 2024. For the three months ended September 30, 2024, net income totaled $24.2 million, or $0.20 per diluted common share. This compares with net income of $25.3 million, or $0.21 per diluted common share, in the second quarter of 2024. Excluding notable items(1), net income for the 2024 third quarter was $25.2 million, or $0.21 per diluted common share. "We are pleased to see a higher level of productivity from our banking teams, along with the continued success of our core deposit gathering

The Company's tier one leverage and risk-based capital ratios were 11.57% and 29.07%, respectively, and the Company is considered to be "well-capitalized" at September 30, 2024.Ratio of non-performing assets to total assets of 0.11% at September 30, 2024. HONOLULU, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, reported a net loss of $1,318,000, or $0.15 per diluted share, for the three months ended September 30, 2024. The Board of Directors approved a dividend of $0.01 per share. The dividend is expected to be paid on November 22

Board of Directors Continues its Refusal to Consider a Superior Offer from Blue Hill Advisors, Potentially Breaching their Fiduciary Duty WESTPORT, Conn., Oct. 24, 2024 /PRNewswire/ -- Yakira Capital Management, an investment manager based in Westport, CT, has been compelled to issue an additional public response regarding Territorial Bancorp's (NASDAQ:TBNK) Board of Directors' rejection to consider a superior acquisition offer from the Blue Hill Advisors consortium, in favor of a merger with Hope Bancorp "Hope" (NASDAQ:HOPE). With 111,247 shares (approximately 1.23%), Yakira is one of the largest shareholders of Territorial, and has urged the Board of Directors to at least examine an acquis

ISS Recommends Territorial Shareholders Vote "FOR" Hope Bancorp Transaction ISS Recognizes Value Creation Upside of the Hope Bancorp Merger and Risks and Uncertainty Associated with Blue Hill's Preliminary Indication of Interest Territorial Board Urges Shareholders to Follow ISS's Recommendation and Vote "FOR" the Hope Bancorp Merger Today HONOLULU, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") today announced that leading independent proxy advisory firm Institutional Shareholder Services ("ISS") has reissued its report assessing Territorial's proposed merger with Hope Bancorp, Inc. (NASDAQ:HOPE) ("Hope Bancorp"). In its repor

No Proof of Committed Financing and/or Information to Validate Its Claims that a Transaction Could Receive Regulatory Approval and Be Completed Hope Bancorp Merger Is the Only Opportunity that Provides Tangible Value, has a Clear Path to Close and Creates a Stronger Territorial Territorial Urges Shareholders to Vote FOR Hope Bancorp Merger in Advance of Special Meeting on November 6, 2024 at 8:30 a.m. Hawai‘i Time HONOLULU, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") is mailing the following letter to Territorial shareholders in connection with the Company's upcoming Special Meeting of Stockholders (the "Special Meeting") to

Blue Hill's Inability to Address Questions About How It Would Pay for or Complete an Acquisition Further Adds to Uncertainty, Risk and Doubt About Its Preliminary Indication of Interest Territorial Reiterates Board's Unanimous Recommendation that Shareholders Vote FOR Hope Bancorp Merger Visit www.TerritorialandHopeCombination.com for More Information HONOLULU, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial") issued the following statement regarding the presentation released today by Blue Hill Advisors ("Blue Hill"): For the fourth time, Blue Hill has failed to address questions that are fundamental in any bank M&A transaction –

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 30, 2024, net income totaled $25.3 million, or $0.21 per diluted common share. This compares with net income of $25.9 million, or $0.21 per diluted common share, in the first quarter of 2024. Excluding notable items(1), net income for the 2024 second quarter was $26.6 million, or $0.22 per diluted common share. "During the 2024 second quarter, our net interest margin expanded, our operating expenses decreased, and our return on assets improved, compared with

Hope Bancorp, Inc. ("Hope Bancorp") (NASDAQ:HOPE), the holding company of Bank of Hope, and Territorial Bancorp Inc. ("Territorial") (NASDAQ:TBNK), the holding company of Territorial Savings Bank, today jointly announced receipt of all required regulatory approvals to complete their previously announced merger (the "Merger"). Upon completion of the Merger, it is intended that the legacy Territorial franchise in Hawai‘i will operate under the trade name Territorial Savings, a division of Bank of Hope, preserving the 100-plus year legacy of the Territorial brand, culture and commitment to local communities. The combination of the two banks is expected to create the largest regional bank cater

The Company's tier one leverage and risk-based capital ratios were 11.68% and 28.96%, respectively, and the Company is considered to be "well-capitalized" at December 31, 2024.Ratio of non-performing assets to total assets of 0.09% at December 31, 2024. HONOLULU, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, reported a net loss of $1.72 million, or $0.20 per diluted share, for the three months ended December 31, 2024. Results reflect $1.53 million of pre-tax merger-related expenses. The Board of Directors approved a dividend of $0.01 per share. The dividend

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 twelve months ended December 31, 2024. For the three months ended December 31, 2024, net income totaled $24.3 million, or $0.20 per diluted common share. This compares with net income of $24.2 million, or $0.20 per diluted common share, in the third quarter of 2024. For the full year ended December 31, 2024, net income totaled $99.6 million, or $0.82 per diluted common share. Excluding notable items(1), net income for the 2024 full year was $103.4 million, or $0.85 per diluted common share. "For the 2024 fourth quarter, o

HONOLULU, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") announced that its shareholders voted to approve the Company's proposed merger with Hope Bancorp, Inc. ("Hope Bancorp") (NASDAQ:HOPE) at the Special Meeting of Territorial Stockholders held today. Territorial shareholders' support for the Hope Bancorp merger underscores the value it delivers and the benefits it creates for customers, employees and communities across Hawai‘i. Through this all-stock merger, Territorial shareholders will be able to participate in the significant upside value creation of a scaled, more diversified regional bank with an attractive dividend and co

Hope Cannot Walk Away if Board Allows Investors to Perform Due Diligence Hope Can Only Walk Away if Board Changes Recommendation or Breaches Merger Agreement Calls on Board to Exercise Risk-Free Option to Explore Potentially Superior Offer Encourages Territorial Shareholders to Force Another Postponement by Voting AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024 Responds to Illogical Board Excuses for not Engaging with Investors HONOLULU, Oct. 29, 2024 /PRNewswire/ -- Blue Hill Advisors today issued the following open letter to shareholders of Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ:TBNK). Dear Fellow Territorial Sharehol

HONOLULU, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") today announced that the Company's Board of Directors has reaffirmed its recommendation that Territorial shareholders vote "FOR" the merger with Hope Bancorp, Inc. ("Hope Bancorp") (NASDAQ:HOPE) at the November 6, 2024, Special Meeting of Stockholders. On October 25, 2024, Territorial received additional information from Blue Hill Advisors ("Blue Hill") with respect to its preliminary indication of interest to acquire the Company. Territorial's Board of Directors (the "Territorial Board"), with the assistance of its legal and financial advisors, over the course of sever

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, 2024. For the three months ended September 30, 2024, net income totaled $24.2 million, or $0.20 per diluted common share. This compares with net income of $25.3 million, or $0.21 per diluted common share, in the second quarter of 2024. Excluding notable items(1), net income for the 2024 third quarter was $25.2 million, or $0.21 per diluted common share. "We are pleased to see a higher level of productivity from our banking teams, along with the continued success of our core deposit gathering

The Company's tier one leverage and risk-based capital ratios were 11.57% and 29.07%, respectively, and the Company is considered to be "well-capitalized" at September 30, 2024.Ratio of non-performing assets to total assets of 0.11% at September 30, 2024. HONOLULU, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, reported a net loss of $1,318,000, or $0.15 per diluted share, for the three months ended September 30, 2024. The Board of Directors approved a dividend of $0.01 per share. The dividend is expected to be paid on November 22

Confidentially Provide Information Detailing Financial Wherewithal, Regulatory Experience and Oversubscribed Investor Interest Reduce Minimum Tender Requirement from 70% to 51% Call on Board to Recognize that Offer is "Reasonably Likely to Lead to a Superior Proposal" Remind Shareholders That Board Has Failed to Justify Territorial's Sale to Hope Urge Territorial Shareholders to Vote AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024 HONOLULU, Oct. 25, 2024 /PRNewswire/ -- Investors behind a proposal submitted on August 26 to the Board of Directors (the "Board") of Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ:TBNK) have disclosed

Glass Lewis Recognizes the Value Creation and Additional Upside that the Hope Bancorp Merger Provides to Territorial Shareholders Glass Lewis Acknowledges the Substantial Concerns and Risks Posed by Blue Hill's Secrecy, Lack of Transparency and the Absence of Crucial, Material Information Glass Lewis Agrees with Board's Decision Not to Consider the Blue Hill Preliminary Indication of Interest a Superior Proposal Territorial Board Urges Shareholders to Follow the Recommendations from Glass Lewis and ISS and Vote "FOR" the Hope Bancorp Merger TODAY HONOLULU, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) ("Territorial" or the "Company") today announced that lea