secwatch.observer — SEC 8-K summary
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Issuer:     HOPE BANCORP INC (HOPE)
CIK:        0001128361
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0001128361-22-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Hope Bancorp Q3 net income $53.7M; PPNR record $82.6M, NIM 3.49%, dividend $0.14
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- Net income $53.7M ($0.45 EPS) vs $52.1M in Q2 and $55.5M year-ago; record PPNR of $82.6M (+11.8% QoQ).
- Net interest margin expanded 13 bps QoQ to 3.49%; net interest income +8% QoQ and +18% YoY.
- Loans receivable +6.5% QoQ, 11% YTD; total deposits +3.1% QoQ; cost of deposits rose 46 bps.
- Provision for credit losses $9.2M reflecting loan growth and recession risk; nonperforming assets down 12%.
- Quarterly cash dividend $0.14 per share, payable Nov 17 to holders of record Nov 3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1128361/000112836122000036/0001128361-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1128361/000112836122000036/hope-20221024.htm
  HTML page:      https://secwatch.observer/filing/0001128361-22-000036

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