earnings
confidence high
sentiment neutral
materiality 0.65
Hope Bancorp Q2 net income $52.1M ($0.43 EPS); record loan originations $1.29B
HOPE BANCORP INC
2022-Q2 EPS reported
$0.93
- Net income of $52.1M, down from $60.7M in Q1; diluted EPS $0.43 vs $0.50 prior quarter.
- Net interest income $141.5M (+6% QoQ); net interest margin expanded 15 bps to 3.36%.
- Record loan originations of $1.29B (+25% QoQ); net loans $14.4B, up 16% annualized excl. PPP.
- Deposits grew 3.5% to $15.0B; cost of deposits rose 9 bps to 0.33%.
- Board declared $0.14/share quarterly dividend, payable Aug 12 to holders of record Jul 29.