---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-057061"
form_type: "8-K"
ticker: null
cik: "0001447051"
company_name: "Territorial Bancorp Inc."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:05:40.153301+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Territorial Bancorp posts Q1 net loss; signs merger with Hope Bancorp for ~$78.6M

## Summary
- Net loss of $482,000 ($0.06 per diluted share) for Q1 2024 vs net income in prior year.
- Signed definitive merger with Hope Bancorp (HOPE); shareholders get 0.8048 HOPE shares per TBNK share.
- Transaction valued at ~$78.6M based on HOPE's April 26 close; expected to close subject to approvals.
- Tier 1 leverage ratio 11.58%, risk-based capital 28.84%; well-capitalized status maintained.
- Non-performing assets to total assets were 0.10%; delinquent loans 90+ days fell to $87,000.

## SEC filing metadata
- accession: 0001104659-24-057061
- form_type: 8-K
- cik: 0001447051
- company_name: Territorial Bancorp Inc.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1447051/000110465924057061/0001104659-24-057061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1447051/000110465924057061/tm2413297d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-057061
- JSON: https://secwatch.observer/filing/0001104659-24-057061.json
- Plain text: https://secwatch.observer/filing/0001104659-24-057061.txt

## Key facts
- Earnings Releases
  Territorial Bancorp Inc. reported three months ended March 31, 2024 results: revenue $17.99 million, net income $482,000, EPS $(0.06).
  - Period: three months ended March 31, 2024
  - Revenue: $17.99 million
  - Net income: $482,000
  - EPS: $(0.06)
  - Result: reported results
  source text: of other customary closing conditions. Interest Income Net interest income decreased by $3.33 million for the three months ended March 31, 2024. Total interest income was $17.99 million for the three months ended March 31, 2024, compared to $16.72 million for the three months ended March 31, 2023. The $1.27 million increase in total interest income was primarily
  evidence_url: https://www.sec.gov/Archives/edgar/data/1447051/000110465924057061/0001104659-24-057061-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.