Hope Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share

Rhea-AI Summary

Hope Bancorp, Inc. (NASDAQ: HOPE) has declared a quarterly cash dividend of $0.14 per share, payable on May 18, 2023 to stockholders of record as of May 4, 2023. This move reflects the company’s ongoing commitment to returning value to its shareholders.

The company will also host an investor conference call on April 25, 2023, at 9:30 a.m. PT to discuss its unaudited financial results for Q1 ended March 31, 2023. Interested parties can join the call by dialing the provided numbers or via a live webcast on the company’s website.

Positive

• Quarterly cash dividend of $0.14 per share declared, demonstrating shareholder return commitment.
• Company to review first quarter financial results in an upcoming call, indicating transparency.

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 May 18, 2023 to all stockholders of record as of the close of business on May 4, 2023.

Investor Conference Call

The Company previously announced that it will host an investor conference call on Tuesday, April 25, 2023 at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review unaudited financial results for its first quarter ended March 31, 2023. 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 2, 2023, replay access code 9620853.

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 $20.57 billion in total assets as of March 31, 2023. 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, 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, Seattle and Tampa, Fla.; 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/20230424005857/en/

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 in 2023?

Hope Bancorp has declared a dividend of $0.14 per share for Q2 2023.

When is the dividend payable for Hope Bancorp?

The dividend is payable on May 18, 2023.

What date is the record for the dividend payment for Hope Bancorp?

The record date for the dividend payment is May 4, 2023.

When will Hope Bancorp hold its investor conference call?

The investor conference call is scheduled for April 25, 2023, at 9:30 a.m. PT.

What will be discussed in the investor conference call for Hope Bancorp?

The call will review the unaudited financial results for the first quarter ended March 31, 2023.