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Hope Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share

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(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

Hope Bancorp, Inc. (NASDAQ: HOPE) has declared a quarterly cash dividend of $0.14 per share, payable on November 17, 2022, to stockholders of record by November 3, 2022. The announcement follows their previous notice of an investor conference call scheduled for October 25, 2022, at 9:30 AM PT, to discuss third-quarter financial results as of September 30, 2022. With total assets reaching $19.08 billion, Hope Bancorp operates as a super regional Korean American bank with 54 branches across several states.

Positive
  • Quarterly cash dividend of $0.14 per share announced.
  • Dividend payable on November 17, 2022, reflects ongoing company profitability.
  • Total assets of $19.08 billion as of September 30, 2022, indicate a strong financial position.
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 November 17, 2022 to all stockholders of record as of the close of business on November 3, 2022.

Investor Conference Call

The Company previously announced that it will host an investor conference call on Tuesday, October 25, 2022 at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review financial results for its third quarter ended September 30, 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 November 1, 2022, replay access code 7421375.

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 $19.08 billion in total assets as of September 30, 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.

Alex Ko

Senior EVP & Chief Financial Officer

213-427-6560

alex.ko@bankofhope.com

Angie Yang

SVP, Director of Investor Relations & Corporate Communications

213-251-2219

angie.yang@bankofhope.com

Source: Hope Bancorp, Inc.

FAQ

What is the dividend amount for Hope Bancorp, Inc. (HOPE)?

The declared dividend amount is $0.14 per share.

When will the dividend for HOPE be paid?

The dividend is scheduled to be paid on November 17, 2022.

What is the record date for the HOPE dividend?

The record date for the dividend is November 3, 2022.

When is the investor conference call for Hope Bancorp?

The investor conference call is on October 25, 2022, at 9:30 AM PT.

What financial results will be discussed in the investor call for HOPE?

The call will review the financial results for the third quarter ended September 30, 2022.

Hope Bancorp, Inc.

NASDAQ:HOPE

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HOPE Stock Data

1.47B
114.67M
5.05%
90.9%
1.77%
Banks - Regional
National Commercial Banks
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United States of America
LOS ANGELES