Hope Bancorp Q2 net income $38.0M ($0.32 EPS); PPNR up 11% QoQ; dividend $0.14

HOPE BANCORP INC

2023-Q2 EPS reported $0.64

Net income $38.0M ($0.32 diluted EPS) vs $39.1M ($0.33) in Q1 2023.
PPNR of $60.4M, up 11% QoQ from $54.5M.
Total capital ratio 12.64%, TCE ratio 8.04%. Loans $14.86B (-1% QoQ, +2% YoY); deposits $15.62B (-1% QoQ, +4% YoY).
Efficiency ratio improved 325 bps to 59.1%. Nonperforming assets ratio 0.38%.
Declared quarterly dividend $0.14/share, payable Aug 17 to holders of record Aug 3.

item 2.02 item 7.01 item 9.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HOPE BANCORP INC reported the second quarter and six months ended June 30, 2023 results: net income $38.0 million, EPS $0.32 per diluted common share.

Period: the second quarter and six months ended June 30, 2023
Net income: $38.0 million
EPS: $0.32 per diluted common share
Result: reported results

Exact text from the filing

Hope Bancorp, Inc. (the "Company") (NASDAQ: HOPE), the holding company of Bank of Hope (the "Bank"), today reported unaudited financial results for its second quarter and six months ended June 30, 2023. For the three months ended June 30, 2023, net income totaled $38.0 million, or $0.32 per diluted common share.

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Source: SEC EDGAR

accession 0001128361-23-000036

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