Hope Bancorp Q2 net income $25.3M ($0.21 EPS); net interest margin expands 7 bps to 2.62%

HOPE BANCORP INC

2024-Q2 EPS reported $0.42

Net income $25.3M ($0.21 diluted EPS); adjusted net income $26.6M ($0.22 EPS).
Net interest margin expanded 7 bps to 2.62% QoQ; cost of total deposits up 3 bps to 3.39%.
Nonperforming assets decreased 37% to $67.3M at June 30, 2024.
Declared $0.14 quarterly cash dividend, payable Aug 22 to holders of record Aug 8.
Merger with Territorial Bancorp (TBNK) signed April 26; integration planning underway.

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