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Hope Bancorp, Inc. - HOPE STOCK NEWS

Welcome to our dedicated page for Hope Bancorp news (Ticker: HOPE), a resource for investors and traders seeking the latest updates and insights on Hope Bancorp stock.

Hope Bancorp, Inc. (symbol: HOPE) is a premier bank holding company headquartered in Los Angeles, California, known for providing a diverse range of financial services. Over its 35-year history, the company has evolved to become the first and only super-regional Korean-American bank in the United States, following the merger of BBCN Bank and Wilshire Bank. As of July 30, 2016, Bank of Hope boasted total assets exceeding $13 billion.

Operating through 85 full-service branches across California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia, and Alabama, the company's reach is extensive. Additionally, it maintains Small Business Administration (SBA) loan production offices in Seattle, Denver, Dallas, Atlanta, Northern California, Annandale (Virginia), Portland (Oregon), and Fremont (California). Residential mortgage loan production offices are located in California, with a representative office in Seoul, Korea.

Hope Bancorp specializes in delivering core business banking products tailored for small and medium-sized enterprises (SMEs). Key services include commercial real estate and commercial lending, SBA lending, and international trade financing. The bank also offers a comprehensive suite of personal banking services such as online and mobile banking, mortgage loans, credit cards, and investment and wealth management services.

Recent achievements highlight the company's commitment to innovation and customer service. Notably, its financial condition remains strong, underpinned by substantial assets and a robust network of branches and offices. Strategic partnerships and forward-looking projects continue to enhance its service offerings and market reach.

Bank of Hope’s operational excellence and broad geographic footprint make it a significant player in the financial services sector, catering to a multi-ethnic customer base across the U.S. With its deep-rooted commitment to community and business growth, Hope Bancorp stands poised for sustained success.

Rhea-AI Summary
Hope Bancorp, Inc. (HOPE) has declared a quarterly cash dividend of $0.14 per common share, payable on a specified date. This announcement is expected to impact the company's stock performance and investor sentiment.
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Hope Bancorp, Inc. reported unaudited financial results for its fourth quarter and full year ended December 31, 2023. Net income for the fourth quarter was $26.5 million, or $0.22 per diluted common share. Full year net income totaled $133.7 million, or $1.11 per diluted common share. Notable items impacting net income were $8.7 million of restructuring costs and $3.1 million of accrued FDIC special assessment. Nonperforming assets decreased 26%, and criticized loans declined 11% from September 30, 2023. The Company's total capital ratio was 13.9% and common equity tier 1 capital ratio was 12.3% at December 31, 2023.
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Hope Bancorp, Inc. (NASDAQ: HOPE) will report its 2023 fourth quarter financial results on Tuesday, January 30, 2024, followed by a conference call and webcast to discuss the results. The call will be accessible to institutional investors, analysts, and other interested parties via phone or live webcast. The earnings call presentation deck will be available on Hope Bancorp's investor relations website. Additionally, the archived webcast and a telephonic replay will be available for one year and one week, respectively.
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Hope Bancorp announces quarterly cash dividend of $0.14 per common share and upcoming investor conference call.
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Hope Bancorp, Inc. (NASDAQ: HOPE) reported unaudited financial results for Q3 2023. Net income declined compared to the previous quarter due to a provision for credit losses and the absence of certain one-time gains. However, net interest margin expanded and net interest income grew. The company also announced a strategic reorganization expected to generate over $40 million in cost savings. Total deposits and total capital ratio increased, positioning the company well for future growth opportunities.
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Hope Bancorp, Inc. will report financial results for its 2023 third quarter on October 23, 2023. A conference call and webcast will be held to discuss the results.
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FAQ

What is the current stock price of Hope Bancorp (HOPE)?

The current stock price of Hope Bancorp (HOPE) is $12.37 as of December 20, 2024.

What is the market cap of Hope Bancorp (HOPE)?

The market cap of Hope Bancorp (HOPE) is approximately 1.5B.

What is Hope Bancorp, Inc.?

Hope Bancorp, Inc. (symbol: HOPE) is a bank holding company providing a variety of financial services, with a strong focus on small and medium-sized businesses.

Where is Hope Bancorp headquartered?

Hope Bancorp is headquartered in Los Angeles, California.

How many branches does Bank of Hope operate?

Bank of Hope operates 85 full-service branches across multiple states including California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia, and Alabama.

What services does Bank of Hope offer?

Bank of Hope offers core business banking products, commercial lending, SBA lending, international trade financing, online banking, mobile banking, mortgage loans, credit cards, and investment and wealth management services.

What is the significance of the merger between BBCN Bank and Wilshire Bank?

The merger between BBCN Bank and Wilshire Bank formed Bank of Hope, making it the first super-regional Korean-American bank in the U.S.

What are the recent achievements of Hope Bancorp?

Recent achievements include strong financial performance, innovation in services, and expanding its market reach through strategic partnerships and projects.

Does Bank of Hope have any international presence?

Yes, Bank of Hope has a representative office in Seoul, Korea.

What types of loans does Bank of Hope specialize in?

Bank of Hope specializes in commercial real estate loans, commercial lending, and SBA loans.

What is the asset size of Hope Bancorp?

As of July 30, 2016, Hope Bancorp reported total assets exceeding $13 billion.

Who are the primary customers of Bank of Hope?

Bank of Hope primarily serves small and medium-sized businesses and a multi-ethnic customer base across the United States.

Hope Bancorp, Inc.

Nasdaq:HOPE

HOPE Rankings

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