Hope Bancorp Q4 net income $51.7M ($0.43 EPS); declares $0.14 dividend; criticized loans down 8%

HOPE BANCORP INC

2022-FY EPS reported $1.81

Q4 net income $51.7M ($0.43 diluted EPS) vs Q3 $53.7M ($0.45) and year-ago $51.6M ($0.43).
Full year 2022 net income $218.3M ($1.81 EPS) vs 2021 $204.6M ($1.66 EPS).
Loan originations $793M (commercial 54%); loans receivable -0.6% QoQ but +10.4% YoY.
Criticized loans -8.0% QoQ; nonperforming assets -28.4% QoQ to 0.36% of total assets.
Quarterly cash dividend $0.14 per share declared; payable Feb 16, record Feb 2.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HOPE BANCORP INC reported the full year ended December 31, 2022 results: revenue $305.6 million, net income $218.3 million, EPS $1.81 per diluted common share.

Period: the full year ended December 31, 2022
Revenue: $305.6 million
Net income: $218.3 million
EPS: $1.81 per diluted common share
Result: reported results

Exact text from the filing

For the full year ended December 31, 2022, net income totaled $218.3 million, or $1.81 per diluted common share, compared with $204.6 million, or $1.66 per diluted common share for the year ended December 31, 2021. Pre-provision net revenue for the full year 2022 increased 16.2% to $305.6 million from $263.1 million for 2021.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HOPE BANCORP INC reported the three months ended December 31, 2022 results: revenue $78.1 million, net income $51.7 million, EPS $0.43 per diluted common share.

Period: the three months ended December 31, 2022
Revenue: $78.1 million
Net income: $51.7 million
EPS: $0.43 per diluted common share
Result: reported results

Exact text from the filing

For the three months ended December 31, 2022, net income totaled $51.7 million, or $0.43 per diluted common share. This compares with net income of $53.7 million, or $0.45 per diluted common share, in the preceding third quarter and $51.6 million, or $0.43 per diluted common share, in the year-ago fourth quarter. Pre-provision net revenue (1) totaled $78.1 million for the 2022 fourth quarter, versus $82.6 million for the 2022 third quarter and $72.2 million for the 2021 fourth quarter.

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Source: SEC EDGAR

accession 0001128361-23-000007

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