---
schema_version: "secwatch.filing_event.v1"
accession: "0001128361-24-000013"
form_type: "8-K"
ticker: "HOPE"
cik: "0001128361"
company_name: "HOPE BANCORP INC"
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:23:56.328816+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001128361-24-000013
- form_type: 8-K
- ticker: HOPE
- cik: 0001128361
- company_name: HOPE BANCORP INC
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1128361/000112836124000013/0001128361-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1128361/000112836124000013/hope-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001128361-24-000013
- JSON: https://secwatch.observer/filing/0001128361-24-000013.json
- Plain text: https://secwatch.observer/filing/0001128361-24-000013.txt

## Key facts
- Earnings Releases
  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
  source text: For the three months ended March 31, 2024, net income totaled $25.9 million , or $0.21 per diluted common share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1128361/000112836124000013/0001128361-24-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.