Hope Bancorp Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2026
Hope Bancorp reported Q3 2026 net income of $35.6 million, or $0.28 per diluted share, up 16% year-over-year and 8% sequentially, with net income excluding merger costs of $37.5 million. Net interest margin expanded 13 basis points YoY to 3.02%, noninterest income jumped 44% YoY, and the efficiency ratio improved to 65.3% on positive operating leverage; criticized loans and nonperforming assets both declined year-over-year.
Key figures
- Eps
- 0.28
- Revenue
- 157477000
- Revenue Yoy
- 11%
- Ppnr
- 54700000
- Ppnr yoy
- 21%
- Gross loans
- 15120000000
- Total assets
- 19190000000
- Net income q3
- 35600000
- Net income qoq
- 8%
- Net income yoy
- 16%
- Total deposits
- 16120000000
- Eps ex notables
- 0.29
- Net charge offs
- 7000000
- Efficiency ratio
- 65.3%
- Noninterest income
- 22100000
- Net interest income
- 135400000
- Net interest margin
- 3.02%
- Book value per share
- 17.67
- Net income ex notables
- 37500000
- Manubank loans acquired
- 2200000000
- Provision credit losses
- 8600000
- Manubank deposits acquired
- 2600000000
- Manubank net cash settlement
- 307400000
- Quarterly dividend per share
- 0.14
AI analysis
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