Hope Bancorp Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2026
Hope Bancorp reported second quarter 2026 net income of $33.0 million, or $0.26 per diluted share, representing a 12% increase from the prior quarter and a significant reversal from the net loss recorded in the year-ago period. The growth was driven by a 4% rise in net interest income to $129.0 million and a 6 basis point sequential expansion in net interest margin to 2.96%, alongside improved operational efficiency.
Key figures
- Eps
- 0.26
- Revenue
- 147819000
- Guidance
- Pending acquisition of SMBC MANUBANK Commercial Banking Unit anticipated to close and improve 2027 earnings
- Total assets
- 18991916000
- Efficiency ratio
- 66.6%
- Net interest income
- 128969000
- Net interest margin
- 2.96%
- Book value per share
- 17.97
- Shares repurchased ytd
- 772726
- Provision for credit losses
- 6800000
- Tangible common equity ratio
- 9.58%
AI analysis
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