secwatch.observer — SEC 8-K summary
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Issuer:     Territorial Bancorp Inc. (—)
CIK:        0001447051
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001104659-24-057061
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1447051/000110465924057061/0001104659-24-057061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1447051/000110465924057061/tm2413297d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-057061

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