Hope Bancorp Q2 net income $53.8M ($0.43 EPS) up 23% QoQ; declares $0.14 dividend

HOPE BANCORP INC

2021-Q2 EPS reported $0.78

Net income of $53.8M ($0.43 diluted EPS) vs $43.7M ($0.35) in Q1 2021 and $26.8M ($0.22) a year ago.
Net interest income $126.6M; NIM expanded 5 bps to 3.11%; negative provision for credit losses of $7.0M.
Loan originations record $894M; loans receivable down 2% to $13.42B from hotel/motel sales and PPP forgiveness.
Total deposits $14.73B, up 3% QoQ; cost of deposits fell to 0.30% from 0.36%.
Board declared $0.14 per share cash dividend, payable August 13 to holders of record July 30.

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