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 February 16, 2023, to stockholders recorded by February 2, 2023. The company will host an investor conference call on January 24, 2023, to discuss its unaudited financial results for Q4 and the full year ended December 31, 2022. With total assets of $19.16 billion as of year-end 2022, Hope Bancorp is a significant player in the banking sector, focusing on services for small and medium-sized businesses.

Positive

• Declared a quarterly cash dividend of $0.14 per share.
• Dividend payment date set for February 16, 2023.
• Total assets of $19.16 billion as of December 31, 2022.

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- 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 February 16, 2023 to all stockholders of record as of the close of business on February 2, 2023.

Investor Conference Call

The Company previously announced that it will host an investor conference call on Tuesday, January 24, 2023 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, 2022. 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 January 31, 2023, replay access code 9204177.

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 $19.16 billion in total assets as of December 31, 2022. Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, Bank of Hope operates 54 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Alabama and Georgia. 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/20230123005751/en/

Angie Yang

SVP, Director of Investor Relations & Corporate Communications

213-251-2219

angie.yang@bankofhope.com

Source: Hope Bancorp, Inc.

FAQ

When is the dividend for HOPE going to be paid?

The dividend for HOPE will be paid on February 16, 2023.

What is the amount of the HOPE dividend?

The amount of the HOPE dividend is $0.14 per share.

What is the record date for the HOPE dividend?

The record date for the HOPE dividend is February 2, 2023.

When is the investor conference call for HOPE?

The investor conference call for HOPE is scheduled for January 24, 2023.

What were HOPE's total assets as of December 31, 2022?

HOPE's total assets were $19.16 billion as of December 31, 2022.