Hope Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share

Rhea-AI Summary

Hope Bancorp, Inc. (NASDAQ: HOPE) declared a quarterly cash dividend of $0.14 per common share, payable on or about May 21, 2021, to stockholders recorded by May 7, 2021. The company will also host an investor conference call on April 28, 2021, at 9:30 a.m. PT to discuss its first quarter financial results ending March 31, 2021. Hope Bancorp, with $17.2 billion in total assets, serves a diverse customer base through its 53 branches across multiple states and specializes in banking products for small and medium-sized businesses.

Positive

• Declaration of a quarterly cash dividend of $0.14 per share, indicating company profitability and confidence.
• The upcoming investor conference call provides transparency and engagement with shareholders.

Negative

• None.

Hope Bancorp, Inc. (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 21, 2021 to all stockholders of record as of the close of business on May 7, 2021.

Investor Conference Call

The Company previously announced that it will host an investor conference call on Wednesday, April 28, 2021 at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review financial results for its first quarter ended March 31, 2021. Investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (international) and asking for the “Hope Bancorp Call.” A presentation to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp’s website at www.ir-hopebancorp.com. Other interested parties are invited to listen to a live webcast of the call available at the Investor Relations section of Hope Bancorp’s website. After the live webcast, a replay will remain available at the Investor Relations section of Hope Bancorp’s website for one year. A telephonic replay of the call will be available at 877-344-7529 (domestic) or 412-317-0088 (international) for one week through May 5, 2021, replay access code 10154357.

About Hope Bancorp, Inc.

Hope Bancorp, Inc. is the holding company of Bank of Hope, the first and only super regional Korean-American bank in the United States with $17.2 billion in total assets as of March 31, 2021. Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, Bank of Hope operates 53 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia and Alabama. The Bank also operates SBA loan production offices in Seattle, Denver, Dallas, Atlanta, Portland, Oregon, New York City, Northern California and Houston; commercial loan production offices in Northern California and Seattle; residential mortgage loan production offices in Southern California; and a representative office in Seoul, Korea. Bank of Hope specializes in core business banking products for small and medium-sized businesses, with an emphasis in commercial real estate and commercial lending, SBA lending and international trade financing. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to bankofhope.com. By including the foregoing website address link, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210427006120/en/

FAQ

What is the dividend amount declared by Hope Bancorp?

The dividend amount declared by Hope Bancorp is $0.14 per common share.

When will the dividend for HOPE be paid?

The dividend will be payable on or about May 21, 2021.

What is the record date for the dividend payment of HOPE?

The record date for the dividend payment is May 7, 2021.

When is the investor conference call scheduled for Hope Bancorp?

The investor conference call is scheduled for April 28, 2021, at 9:30 a.m. Pacific Time.

What will be discussed during the investor conference call for HOPE?

The investor conference call will review financial results for the first quarter ended March 31, 2021.