secwatch.observer — SEC 8-K summary
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Issuer:     HOPE BANCORP INC (HOPE)
CIK:        0001128361
Form:       8-K
Filed at:   2021-10-25T23:59:59+00:00
Accession:  0001128361-21-000044
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 Q3 net income $55.5M ($0.45 EPS), record loan originations $1.01B, dividend $0.14
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- Net income $55.5M ($0.45 diluted EPS) up 3% QoQ and 82% YoY; NIM 3.07% down 4 bps.
- Record loan originations $1.01B (up 13% QoQ); loans flat at $13.42B due to PPP forgiveness and loan sales.
- Record deposits $15.06B (up 2% QoQ); noninterest bearing demand deposits 40% of total.
- Negative provision for credit losses $10.0M; net charge-offs $42.7M from strategic de-risking; nonaccrual loans down 51% QoQ.
- Declared $0.14 quarterly dividend payable Nov 18; $50M buyback program, $47.2M repurchased.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1128361/000112836121000044/0001128361-21-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1128361/000112836121000044/hope-20211025.htm
  HTML page:      https://secwatch.observer/filing/0001128361-21-000044

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