Hope Bancorp (NASDAQ:HOPE) Announces Quarterly Earnings Results

Hope Bancorp (NASDAQ:HOPE) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29, FiscalAI reports. Hope Bancorp had a return on equity of 5.71% and a net margin of 12.53%. The company had revenue of $157.48 million for the quarter, compared to analyst estimates of $151.34 million. During the same quarter last year, the company posted $0.25 earnings per share.

Here are the key takeaways from Hope Bancorp’s conference call:

• Third-quarter earnings momentum continued: revenue rose 7% sequentially and 11% year over year, while adjusted diluted EPS increased to $0.29 from $0.27 in the prior quarter.
• Net interest margin expanded to 3.02%, supported by higher loan yields and lower deposit costs, as non-maturity deposits grew and the share of time deposits declined to 37%.
• The completed MANUBANK acquisition adds approximately $2.6 billion of deposits, excess liquidity, commercial banking capabilities and an expanded Korean and Japanese customer base; management expects more than 40% fully phased-in cost savings, though the full benefit is delayed until 2028.
• Asset quality improved, with non-performing assets declining, criticized loans down 10% year over year, and annualized net charge-offs falling to 19 basis points; management also raised its 2026 outlook for revenue growth to 16%–18% and pre-provision net revenue growth to 23%–25%.
• The acquisition is expected to reduce the common equity Tier 1 ratio to approximately 10.2%, about 200 basis points below the September 30 level, while the acquired business will temporarily add significant operating expenses before the planned cost savings are fully realized.

Hope Bancorp Trading Down 1.7%

Shares of Hope Bancorp stock opened at $13.88 on Thursday. The company has a 50-day moving average of $13.76 and a two-hundred day moving average of $12.80. The stock has a market cap of $1.77 billion, a PE ratio of 13.88 and a beta of 0.87. Hope Bancorp has a 12-month low of $9.80 and a 12-month high of $14.59. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25.

Hope Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Saturday, November 7th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, November 6th. Hope Bancorp’s dividend payout ratio is presently 56.00%.

Insider Buying and Selling

In other Hope Bancorp news, Director Daisy Ha sold 26,995 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $14.24, for a total value of $384,408.80. Following the sale, the director owned 346,120 shares of the company’s stock, valued at approximately $4,928,748.80. This represents a 7.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.27% of the company’s stock.

Hope Bancorp News Summary

Here are the key news stories impacting Hope Bancorp this week:

• Positive Sentiment: Hope Bancorp declared a quarterly dividend of $0.14 per share, payable November 20 to shareholders of record November 7. The annualized dividend is $0.56 per share, representing an approximate 4.0% yield; the stock’s ex-dividend date is November 6.
• Positive Sentiment: Third-quarter revenue reached $157.48 million, exceeding the $151.34 million analyst consensus. Net income was $35.6 million, while earnings increased to $0.29 per share from $0.25 a year earlier. Hope Bancorp reports third quarter 2026 net income
• Neutral Sentiment: Management discussed the quarter and the outlook during its earnings call, including the potential impact of the MANUBANK transaction, which could reshape expectations for the company’s future business and financial performance. Hope Bancorp Q3 2026 earnings call summary
• Negative Sentiment: Although earnings matched the commonly cited $0.29 consensus, another estimate placed expectations at $0.30 per share, making the result a modest miss under that benchmark. The mixed earnings picture contributed to a decline in the shares despite the revenue beat. Hope Bancorp shares decline despite higher Q3 earnings and revenue
• Negative Sentiment: Investors are also reviewing the company’s reported net charge-offs and the implications of the MANUBANK deal, which may keep attention focused on credit quality and execution risks. Hope Bancorp reports third-quarter net charge-offs

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Weiss Ratings raised Hope Bancorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. DA Davidson increased their price objective on Hope Bancorp from $15.00 to $16.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Benchmark raised shares of Hope Bancorp to a “hold” rating in a report on Wednesday, September 23rd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Hope Bancorp from $14.00 to $15.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Hope Bancorp presently has an average rating of “Moderate Buy” and an average target price of $15.50.

About Hope Bancorp

Hope Bancorp, Inc is the holding company for Bank of Hope, a full-service commercial bank headquartered in Los Angeles, California. The bank serves businesses, individuals and communities throughout the United States, with a particular focus on Korean American and other multicultural markets.

Bank of Hope offers a range of banking products and services, including business and consumer deposit accounts, commercial and industrial lending, commercial real estate financing, small business loans, residential mortgage lending and wealth management services.