earnings
confidence high
sentiment positive
materiality 0.80
Hope Bancorp Q4 net income $51.6M ($0.43 EPS); record loan originations $1.24B; $50M buyback
HOPE BANCORP INC
2021-FY EPS reported
$1.66
- Q4 net income $51.6M ($0.43 diluted EPS) vs $28.3M ($0.23) a year ago; full-year 2021 net income $204.6M ($1.66) vs $111.5M ($0.90).
- Record Q4 loan originations $1.24B, up 23% QoQ; loans receivable up 4% QoQ or 4.9% ex-PPP.
- Net interest income $133.3M, up 2% QoQ; pre-provision net revenue increased 18% YoY.
- Board declares $0.14 per share quarterly cash dividend payable Feb 17, 2022 to record holders Feb 3.
- Board authorizes new $50M stock repurchase program with no expiration date.