earnings
confidence high
sentiment neutral
materiality 0.60
Hope Bancorp Q3 net income $24.2M ($0.20 EPS); declares $0.14 dividend
HOPE BANCORP INC
2024-Q3 EPS reported
$0.62
- Net income $24.2M, down from $25.3M in Q2; GAAP diluted EPS $0.20, adjusted $0.21.
- Net interest margin 2.55%, down 7 bps QoQ; total deposit costs declined 9 bps to 3.34%.
- Customer deposits grew 11% annualized QoQ; loans receivable grew 2% annualized.
- Pending merger with Territorial Bancorp (TBNK) mentioned; regulatory capital ratios highest since 2016.
- Quarterly dividend $0.14/share, payable Nov 21, 2024 to holders of record Nov 7.