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 January 26, 2021, the company operated 58 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, and Alabama; SBA loan production offices in Seattle, Denver, Dallas, Atlanta, Portland, Oregon, New York City, Northern California, and Houston; commercial loan production office in Northern California and Seattle; residential mortgage loan production offices in Southern California; and a representative office in Seoul, Korea. The company was formerly known as BBCN Bancorp, Inc. and changed its name to Hope Bancorp, Inc. in August 2016. Hope Bancorp, Inc. was incorporated in 2000 and is headquartered in Los Angeles, California.
IPO Year:
Exchange: NASDAQ
Website: bankofhope.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/30/2024 | $12.50 | Neutral → Buy | DA Davidson |
5/18/2022 | $20.00 → $16.00 | Buy → Neutral | DA Davidson |
11/15/2021 | $17.00 → $18.00 | Neutral → Buy | DA Davidson |
11/15/2021 | Neutral → Buy | DA Davidson |
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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 August 22, 2024, to all stockholders of record as of the close of business on August 8, 2024. About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ:HOPE) is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with $17.38 billion in total assets as of June 30, 2024. Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, the Bank provides a full suite of commercial, corporate and consumer loans, incl
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
The Company's tier one leverage and risk-based capital ratios were 11.62% and 28.98%, respectively, and the Company is considered to be "well-capitalized" at June 30, 2024.Ratio of non-performing assets to total assets of 0.06% at June 30, 2024.Strong liquidity position with $83 million in cash balances and access to liquidity totaling $951 million as of June 30, 2024. HONOLULU, Hawaii, July 26, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced a net loss of $775,000, or $(0.09) per diluted share, for the three months ended June 30, 2024. The Board of Director
– Conference Call and Webcast to be Held on Monday, July 29, 2024 – Hope Bancorp, Inc. (NASDAQ:HOPE) today announced that the Company will report financial results for its second quarter and six months ended June 30, 2024, before the markets open on Monday, July 29, 2024. A conference call to discuss 2024 second quarter financial results will be held on Monday, July 29, 2024, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time. A presentation deck to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp's website at www.ir-hopebancorp.com. Institutional investors and analysts are invited to access the conference call by dialing 866-235-9917 (d
The Company's tier one leverage and risk-based capital ratios were 11.58% and 28.84%, respectively, and the Company is considered to be "well-capitalized" at March 31, 2024.Ratio of non-performing assets to total assets of 0.10% at March 31, 2024.Strong liquidity position with $90 million in cash balances and access to liquidity totaling $901.70 million as of March 31, 2024. HONOLULU, Hawaii, May 03, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced a net loss of $482,000, or $(0.06) per diluted share, for the three months ended March 31, 2024. Hope Banc
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 record as of the close of business on May 9, 2024. About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ:HOPE) is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with $18.09 billion in total assets as of March 31, 2024. Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, the Bank provides a full suite of commercial, corporate and consumer loans, including
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 $25.9 million, or $0.21 per diluted common share. This compares with net income of $26.5 million, or $0.22 per diluted common share, in the fourth quarter of 2023. "We are pleased with the progress we are making in our strategic transformation, realigning our structure around lines of business and products," stated Kevin S. Kim, Chairman, President and Chief Executive Officer. "All our business lines exceeded their deposit goals for the first quarter o
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 definitive merger agreement, which is expected to create the largest regional bank catering to multi-ethnic customers across the continental United States and the Hawaiian Islands. As of December 31, 2023, Territorial had total assets of $2.24 billion, total loans of $1.31 billion and total deposits of $1.64 billion. Territorial Savings Bank, a state-chartered savings bank, originally chartered in 1921 by the Territory of Hawai‘i, conducts business
-- Conference Call and Webcast to be Held on Monday, April 29, 2024 -- 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 will be held on Monday, April 29, 2024, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time. A presentation deck to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp's website at www.ir-hopebancorp.com. Institutional investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (in
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 record as of the close of business on February 9, 2024. Investor Conference Call The Company previously announced that it will host an investor conference call on Tuesday, January 30, 2024, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review unaudited financial results for its fourth quarter and full year ended December 31, 2023. Investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (int
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 August 22, 2024, to all stockholders of record as of the close of business on August 8, 2024. About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ:HOPE) is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with $17.38 billion in total assets as of June 30, 2024. Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, the Bank provides a full suite of commercial, corporate and consumer loans, incl
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
The Company's tier one leverage and risk-based capital ratios were 11.62% and 28.98%, respectively, and the Company is considered to be "well-capitalized" at June 30, 2024.Ratio of non-performing assets to total assets of 0.06% at June 30, 2024.Strong liquidity position with $83 million in cash balances and access to liquidity totaling $951 million as of June 30, 2024. HONOLULU, Hawaii, July 26, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced a net loss of $775,000, or $(0.09) per diluted share, for the three months ended June 30, 2024. The Board of Director
– Conference Call and Webcast to be Held on Monday, July 29, 2024 – Hope Bancorp, Inc. (NASDAQ:HOPE) today announced that the Company will report financial results for its second quarter and six months ended June 30, 2024, before the markets open on Monday, July 29, 2024. A conference call to discuss 2024 second quarter financial results will be held on Monday, July 29, 2024, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time. A presentation deck to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp's website at www.ir-hopebancorp.com. Institutional investors and analysts are invited to access the conference call by dialing 866-235-9917 (d
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 the investor presentation being used for meetings with institutional investors will be available in the Investor Relations section of the Company's website at www.ir-hopebancorp.com effective May 9, 2024. About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ:HOPE) is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with $18.09 billion in total assets as of March 31,
The Company's tier one leverage and risk-based capital ratios were 11.58% and 28.84%, respectively, and the Company is considered to be "well-capitalized" at March 31, 2024.Ratio of non-performing assets to total assets of 0.10% at March 31, 2024.Strong liquidity position with $90 million in cash balances and access to liquidity totaling $901.70 million as of March 31, 2024. HONOLULU, Hawaii, May 03, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ:TBNK) (the "Company"), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced a net loss of $482,000, or $(0.06) per diluted share, for the three months ended March 31, 2024. Hope Banc
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 record as of the close of business on May 9, 2024. About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ:HOPE) is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with $18.09 billion in total assets as of March 31, 2024. Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, the Bank provides a full suite of commercial, corporate and consumer loans, including
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 $25.9 million, or $0.21 per diluted common share. This compares with net income of $26.5 million, or $0.22 per diluted common share, in the fourth quarter of 2023. "We are pleased with the progress we are making in our strategic transformation, realigning our structure around lines of business and products," stated Kevin S. Kim, Chairman, President and Chief Executive Officer. "All our business lines exceeded their deposit goals for the first quarter o
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 definitive merger agreement, which is expected to create the largest regional bank catering to multi-ethnic customers across the continental United States and the Hawaiian Islands. As of December 31, 2023, Territorial had total assets of $2.24 billion, total loans of $1.31 billion and total deposits of $1.64 billion. Territorial Savings Bank, a state-chartered savings bank, originally chartered in 1921 by the Territory of Hawai‘i, conducts business
-- Conference Call and Webcast to be Held on Monday, April 29, 2024 -- 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 will be held on Monday, April 29, 2024, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time. A presentation deck to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp's website at www.ir-hopebancorp.com. Institutional investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (in
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Keefe, Bruyette & Woods analyst Christopher Mcgratty maintains Hope Bancorp (NASDAQ:HOPE) with a Market Perform and lowers the price target from $13 to $12.
DA Davidson analyst Gary Tenner upgrades Hope Bancorp (NASDAQ:HOPE) from Neutral to Buy and announces $12.5 price target.
Wedbush analyst David Chiaverini maintains Hope Bancorp (NASDAQ:HOPE) with a Neutral and lowers the price target from $12 to $11.
Shares of Clever Leaves Holdings Inc. (NASDAQ:CLVR) fell sharply during Monday's session after the company announced that it will voluntarily delist its common shares from the Nasdaq and deregister its Securities to terminate and suspend its reporting obligations. Clever Leaves Holdings shares dipped 60% to $1.6498 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Deciphera Pharmaceuticals, Inc. (NASDAQ:DCPH) shares climbed 73% to $25.36 after the company announced it will be acquired by ONO Pharmaceutical for $25.60 per share in cash. Collective Audience, Inc. (NASDAQ:CAUD) gained 50.4% to $0.6002 after the company announced a strategic partne
Hope Bancorp (NASDAQ:HOPE) reported quarterly earnings of $0.23 per share which missed the analyst consensus estimate of $0.26 by 11.54 percent. This is a 30.3 percent decrease over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $123.333 million which missed the analyst consensus estimate of $130.428 million by 5.44 percent. This is a 14.86 percent decrease over sales of $144.856 million the same period last year.
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 definitive merger agreement, which is expected to create the largest regional bank catering to multi-ethnic customers across the continental United States and the Hawaiian Islands.As of December 31, 2023, Territorial had total assets of $2.24 billion, total loans of $1.31 billion and total deposits of $1.64 billion. Territorial Savings Bank, a state-chartered savings bank, originally chartered in 1921 by the Territory of Hawai‘i, conducts business from
Wednesday marks the last chance for investors to receive the next dividend payout from Hope Bancorp (NASDAQ:HOPE). What's Happening The company announced on Tuesday that it would pay shareholders a quarterly dividend of 14 cents per share. On Thursday, Hope Bancorp will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 14 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own HOPE as of the end of Wednesday's session are eligible to receive the 14 cents dividen
Wedbush analyst David Chiaverini maintains Hope Bancorp (NASDAQ:HOPE) with a Neutral and lowers the price target from $13 to $12.
Hope Bancorp (NASDAQ:HOPE) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $0.21 by 52.38 percent. This is a 25.58 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $135.20 million which missed the analyst consensus estimate of $138.35 million by 2.28 percent. This is a 16.87 percent decrease over sales of $162.63 million the same period last year.
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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. David P. Malone, who stepped in as Interim Chief Financial Officer since January 6, 2023, has agreed to stay on through April 30, 2023, to assist in the transition process. "On behalf of the Board, I thank Dave for his seamless leadership of all CFO-related responsibilities during our search for a permanent Chief Financial Officer," said Kevin S. Kim, Chairman, President and Chief Executive Officer. "I am also very pleased to welcome Jul
Hope Bancorp, Inc. (NASDAQ:HOPE) (the "Company"), the holding company of Bank of Hope (the "Bank"), today announced that Alex Ko has resigned from his position as Senior Executive Vice President and Chief Financial Officer of the Company and Bank, effective January 6, 2023, in order to pursue other opportunities. The resignation of Ko did not result from any disagreement with the Company, and Ko has agreed to serve as a consultant through March 31, 2023, to assist in the transition process. A formal search has been initiated and until such time when a new Chief Financial Officer is appointed, the Company announced that David P. Malone will step in and serve as Interim Chief Financial Offic
Hope Bancorp, Inc. (the "Company") (NASDAQ:HOPE), the holding company of Bank of Hope (the "Bank"), today announced the appointment of Lisa K. Pai to the Board of Directors of the Company and Bank effective immediately. Ms. Pai will serve as a member of the Board Risk Committee. This appointment increases the membership of the Board of Directors from 11 to 12. Ms. Pai, age 61, brings 26 years of experience serving in general counsel and corporate secretary capacities at various Korean American banks in the Los Angeles area, including Bank of Hope and its root banks. Most recently, she served as Executive Vice President, General Counsel and Corporate Secretary of Hope Bancorp, Inc. and Bank
Hope Bancorp, Inc. (the "Company") (NASDAQ:HOPE), the holding company of Bank of Hope (the "Bank"), today announced the planned retirement of President and Chief Operating Officer of Bank of Hope David P. Malone effective December 31, 2021. Mr. Malone will continue to serve as a member of the board of directors of the Hope Bancorp and Bank of Hope. The Company also announced the promotion of Peter Koh to Senior Executive Vice President and Chief Operating Officer of Bank of Hope effective January 1, 2022. In connection with the retirement of Mr. Malone as President of the Bank, Chairman, President and Chief Executive Officer of the Company and Chairman and Chief Executive Officer of the Ba
Hope Bancorp, Inc. (the "Company") (NASDAQ:HOPE), the holding company of Bank of Hope (the "Bank"), today announced the appointment of Mary E. ("Mimi") Thigpen to the Board of Directors of the Company and Bank effective August 1, 2021. Ms. Thigpen will serve as a member of the Board Risk Committee and Audit Committee. This appointment increases the membership of the Board of Directors from 10 to 11. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210802005651/en/Technology Intrapreneur Mary E. "Mimi" Thigpen joins Hope Bancorp, Inc. Board of Directors Ms. Thigpen, age 61, is an innovative strategic business executive and consultan
DA Davidson upgraded Hope Bancorp from Neutral to Buy and set a new price target of $12.50
DA Davidson downgraded Hope Bancorp from Buy to Neutral and set a new price target of $16.00 from $20.00 previously
DA Davidson upgraded Hope Bancorp from Neutral to Buy and set a new price target of $18.00 from $17.00 previously
DA Davidson upgraded Hope Bancorp from Neutral to Buy