secwatch.observer — SEC 8-K summary
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Issuer:     HOPE BANCORP INC (HOPE)
CIK:        0001128361
Form:       8-K
Filed at:   2021-07-21T23:59:59+00:00
Accession:  0001128361-21-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1128361/000112836121000029/0001128361-21-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1128361/000112836121000029/hope-20210720.htm
  HTML page:      https://secwatch.observer/filing/0001128361-21-000029

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