secwatch.observer — SEC 8-K summary
======================================

Issuer:     HOPE BANCORP INC (HOPE)
CIK:        0001128361
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0001128361-24-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Hope Bancorp Q4 net income $26.5M; adjusted $38.3M (+26% QoQ); declares $0.14 dividend
--------------------------------------------------------------------------------

- Net income $26.5M ($0.22 diluted EPS) vs $30.0M in Q3 2023; full-year net income $133.7M ($1.11 EPS).
- Excluding FDIC assessment ($3.1M after tax) and restructuring ($8.7M), adjusted net income $38.3M ($0.32 EPS), up 26% QoQ.
- Net interest margin fell 13 bps to 2.70% on higher deposit costs; net interest income down 7% QoQ to $125.9M.
- Credit quality improved: nonperforming assets down 26%, criticized loans down 11% QoQ; net charge-offs 5 bps annualized.
- Board declared $0.14 quarterly dividend, payable Feb 23 to holders of record Feb 9; tangible book value up 6% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1128361/000112836124000002/0001128361-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1128361/000112836124000002/hope-20240130.htm
  HTML page:      https://secwatch.observer/filing/0001128361-24-000002

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer