Hope Bancorp Q1 net income $25.9M; signs $78.6M all-stock merger with Territorial

HOPE BANCORP INC

Q1 net income $25.9M ($0.21 EPS), vs $26.5M ($0.22 EPS) in Q4 2023.
Tangible common equity ratio 9.33%, total capital ratio 14.19% as of March 31.
Declared quarterly dividend of $0.14/share, payable May 23 to record date May 9.
Signed definitive merger for Territorial Bancorp: 0.8048 Hope shares per Territorial share, value ~$78.6M.
Transaction expected to close by year-end 2024; immediately accretive to Hope's earnings.

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 first quarter ended March 31, 2024 results: net income $25.9 million, EPS $0.21 per diluted common share.

Period: first quarter ended March 31, 2024
Net income: $25.9 million
EPS: $0.21 per diluted common share
Result: reported results

Exact text from the filing

For the three months ended March 31, 2024, net income totaled $25.9 million , or $0.21 per diluted common share.

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Source: SEC EDGAR

accession 0001128361-24-000013

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