HOPE

Hope Bancorp’s second quarter results were met with a positive market reaction, as the company delivered revenue and non-GAAP earnings per share above Wall Street expectations. Management attributed quarterly outperformance to growth in commercial and industrial lending, continued improvement in deposit mix, and expanded net interest margin, with CEO Kevin S. Kim highlighting “solid progress during the first half of the year in executing against our key operating priorities.” Non-interest income also benefited from higher gains on sales of Small Business Administration (SBA) loans and increased customer-related fees. Is now the time to buy HOPE? Find out in our full research report (it’s free). Revenue: $145.8 million vs analyst estimates of $146.4 million (10.1% year-on-year growth, in line) Adjusted EPS: $0.27 vs analyst estimates of $0.26 (4.9% beat) Market Capitalization: $1.79 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Matthew Clark (Piper Sandler) asked about the outlook for deposit costs and net interest margin. CFO Julianna Balicka explained that incremental margin expansion is expected but at a slower pace, and that deposit pricing remains competitive. Matthew Clark (Piper Sandler) also inquired about the sustainability of SBA loan sale gains. CEO Kevin S. Kim said premiums remain healthy, but projected annual SBA gains will likely be steady rather than increase further. Gary Tenner (D.A. Davidson) questioned the company’s ability to further reduce reliance on time deposits. Balicka responded that while the goal is to approach industry norms, the transition will be gradual due to customer preferences and the time required. Kelly Motta (KBW) sought clarification on the timing and contribution of the MANUBANK acquisition. CEO Kevin S. Kim reiterated expectations for a second half closing, while Balicka noted that guidance assumes a quarter’s contribution from MANUBANK, subject to regulatory approval. Timothy Coffey (Brean Capital) asked about new loan yields and buyback plans. Balicka shared that new loan yields are higher than average, particularly in SBA lending, and Kim confirmed ongoing share repurchases under an existing plan. In the coming quarters, the StockStory team will be monitoring (1) the pace and quality of loan origination, especially as MANUBANK assets are integrated; (2) sustained progress in improving deposit mix, particularly reductions in higher-cost time deposits; and (3) execution of the SMBC partnership to attract new multinational clients. Continued growth in noninterest income and prudent management of funding costs will also be key areas of focus. Hope Bancorp currently trades at $13.79, up from $13.45 just before the earnings. Is there an opportunity in the stock? Find out in our full research report (it’s free for active Edge members). ONE MORE THING: Top 6 Stocks for This Week. This market is separating quality stocks from expensive ones fast. AI is taking down whole sectors with no warning. In a rotation this fast, you need more than a list of good companies. Our AI system flagged Palantir before it ran 1,662% between October 2022 and February 2026. AppLovin before it ran 753% between February 2024 and February 2026. Nvidia before it ran 1,178% between January 2023 and February 2026. Each week it produces 6 new names that pass the same tests. Get Our Top 6 Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,552% between June 2020 and June 2025). Find your next big winner with StockStory today.

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Hope Bancorp (HOPE) drew fresh investor attention after reporting second quarter 2026 results that shifted from a loss a year ago to a profit and showed higher net interest income. See our latest analysis for Hope Bancorp. At a share price of US$14.12, Hope Bancorp has seen momentum build over 2026, with a 28.6% year to date share price return and a 44.11% one year total shareholder return. The stronger share price performance lines up with the latest earnings beat, return to profitability, ongoing SMBC MANUBANK acquisition process, dividend affirmation, and continued share buybacks. Together, these developments have influenced how investors view both growth prospects and risk. If the earnings rebound at Hope Bancorp has you reassessing bank stocks, it can also be a useful moment to broaden your search through 18 top founder-led companies After a sharp rebound and a share price close to analyst targets, Hope Bancorp now trades with only a small discount. Are investors simply catching up to improving results, or are they still pricing in real risks that may influence valuation next? The most followed narrative currently places Hope Bancorp's fair value at $14.38, slightly above the latest close at $14.12, which points to only a small implied discount and a valuation story built around execution on earnings assumptions. Read the complete narrative. Read the complete narrative. Curious what sits behind that fair value gap? The narrative focuses on fast compounding revenue, rising margins, and a future earnings multiple that is presented as conservative relative to those projections. The discount rate used is fixed and clearly stated. The key consideration is how these elements interact over the coming years. Result: Fair Value of $14.38 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, investors in Hope Bancorp still need to weigh its concentrated commercial real estate exposure, as well as higher noninterest costs from integration work that could pressure future earnings assumptions. Find out about the key risks to this Hope Bancorp narrative. The small 1.8% discount to the US$14.38 fair value from the narrative contrasts with Simply Wall St's DCF model, which puts Hope Bancorp's value at US$6.16 per share. On that view, the stock screens as expensive. Which framework do you think better fits the risks and growth assumptions? Look into how the SWS DCF model arrives at its fair value. Simply Wall St performs a discounted cash flow (DCF) on every stock in the world every day (check out Hope Bancorp for example). We show the entire calculation in full. You can track the result in your watchlist or portfolio and be alerted when this changes, or use our stock screener to discover 49 high quality undervalued stocks. If you save a screener we even alert you when new companies match - so you never miss a potential opportunity. With sentiment leaning cautiously optimistic around Hope Bancorp, it makes sense to review the full picture quickly and decide where you stand. To see which potential upsides are already on investors' radar, take a look at the 4 key rewards. If Hope Bancorp has sharpened your thinking, do not stop there. Use the Simply Wall St screener to spot fresh opportunities that could suit your approach. Target potential value opportunities by scanning 49 high quality undervalued stocks that currently combine quality fundamentals with prices that may not fully reflect them. Strengthen your income watchlist by reviewing 8 dividend fortresses that offer higher yields with a focus on sustainability. Prioritise resilience first by filtering for 83 resilient stocks with low risk scores that score well on financial stability and downside protection. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include HOPE. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Sequential earnings growth was primarily driven by a 5% revenue increase and a six-basis-point expansion in net interest margin. Management attributed the margin improvement to higher loan yields and a deliberate reduction in high-cost time deposits. Loan growth of 2% for the quarter was led by commercial and industrial lending, alongside contributions from commercial real estate and residential mortgages. The deposit mix is being intentionally shifted toward non-maturity deposits to lower the overall cost of funds and improve funding efficiency. The pending acquisition of SMBC ManuBank's commercial banking unit is expected to add approximately $2.3 billion in loans and $2.6 billion in deposits. A new partnership with SMBC will provide a strategic channel to serve Japanese multinational and retail customers entering the U.S. market. Asset quality remained stable, characterized by a 19% year-over-year reduction in criticized loans and a decrease in net charge-offs to 24 basis points. Full-year 2026 guidance assumes loan growth of approximately 20% and revenue growth between 15% and 20%, inclusive of the ManuBank transaction. Management expects the ManuBank acquisition to close in the second half of 2026, contributing roughly one quarter of operations to the fiscal year results. Net interest margin is projected to expand by a few basis points each quarter, supported by the ongoing repricing of the certificate of deposit portfolio. The company anticipates SBA gains on sale to reach between $16 million and $17 million for the full year 2026 based on healthy secondary market premiums. Capital management strategy includes utilizing the remaining $27 million share repurchase authorization through an existing 10b5-1 plan. Reported earnings included merger-related costs that impacted pre-provision net revenue by approximately $2 million during the second quarter. The acquisition of Territorial Savings in Hawaii has provided a strategic advantage by offering a lower-cost deposit market compared to the mainland. A temporary spike in non-interest-bearing demand deposits was partially driven by an inflow of tariff refund money to commercial and small business customers. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management noted that the cost of new money for incremental interest-bearing deposits currently ranges between 3.50% and 3.80%. The bank is seeing lower deposit pricing in its Hawaii franchise compared to mainland operations. Secondary market premiums for SBA loans remain healthy, currently ranging from the low to mid-8% level. The bank will continue to balance immediate gain-on-sale economics against the long-term benefits of portfolio retention. Management acknowledged that reducing the concentration of CDs will take time as they are a preferred product for the core customer base. The strategy involves diversifying the franchise through acquisitions like ManuBank to bring in different, lower-cost deposit sources. New loan yields in the quarter ranged from just over 6% for commercial real estate to nearly 8% for SBA loans. The bank is prioritizing relationship economics and credit quality over aggressive headline growth despite a robust pipeline.

This article first appeared on GuruFocus. Revenue: $148 million for the second-quarter of 2026. Diluted Earnings Per Share (EPS): $0.26, up 12% quarter-over-quarter; excluding notable items, EPS was $0.27, up 17% sequentially. Pre-Provision Net Revenue: $49 million, up 6% sequentially; excluding notable items, $51 million, up 10% from the prior quarter. Gross Loans: $15 billion as of June 30, 2026, up 2% quarter-over-quarter. Deposits: $15.9 billion as of June 30, 2026, up 1% quarter-over-quarter. Net Interest Income: $129 million for the second-quarter of 2026, up 4% from the first-quarter. Net Interest Margin: 2.96%, up 6 basis points from the prior quarter. Non-Interest Income: $19 million, up 11% from the prior quarter. Non-Interest Expense: $98 million, up from $94 million in the first-quarter; excluding merger-related costs, $96 million. Efficiency Ratio: 65.2%, improved from 66.9% in the prior quarter. Criticized Loans: $334 million as of June 30, 2026, down 19% from the year-ago period. Non-Performing Assets: $113 million, or 59 basis points of total assets. Net Charge-Offs: $9 million, or annualized 24 basis points of average loans. Provision for Credit Losses: $7 million in the second-quarter of 2026. Allowance for Credit Losses: $153 million with a coverage ratio of 1.03% of loans receivable. Common Equity Tier 1 Ratio: 12.27% as of June 30, 2026. Total Capital Ratio: 13.95% as of June 30, 2026. Share Repurchases: Approximately 773,000 shares repurchased at an average price of $11.25 per share, totaling $9 million. Quarterly Dividend: $0.14 per share declared. Warning! GuruFocus has detected 7 Warning Signs with HOPE. Is HOPE fairly valued? Test your thesis with our free DCF calculator. Release Date: July 27, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hope Bancorp Inc (NASDAQ:HOPE) reported a strong second-quarter revenue of $148 million, driving a 12% increase in diluted earnings per share quarter-over-quarter. The company achieved a 5% revenue growth and a 6 basis point expansion in net interest margin, contributing to positive operating leverage. Gross loans increased by 2% quarter-over-quarter, reaching $15 billion, while deposits grew by 1% to $15.9 billion. The company's capital position is robust, with a common equity Tier 1 ratio of 12.27% and a total capital ratio of 13.95%, supporting organic growth and acquisitions. Hope Bancorp Inc (NASDAQ:HOPE) is progressing with the acquisition of SMBC MANUBANK's commercial banking unit, expected to enhance core earnings and expand multinational banking capabilities. Non-interest expense increased to $98 million in the second-quarter, reflecting a 2% rise from the prior quarter, indicating higher operating costs. Criticized loans increased by $9 million from the previous quarter, totaling $334 million, although they are down year-over-year. The provision for credit losses was $7 million in the second-quarter, indicating ongoing credit risk management challenges. The competitive deposit landscape remains challenging, with efforts to improve deposit mix and manage funding costs. The timing of the MANUBANK acquisition closure is dependent on regulatory approvals, which could impact financial projections. Q: Can you provide the spot rate on deposits at the end of June and thoughts on deposit costs moving forward? A: The spot rate on deposits at the end of June was 2.58%, and for interest-bearing deposits, it was 3.32%. We expect a few basis points increase in net interest margin each quarter, though not as significant as the first to second quarter. The net interest margin in June was 2.98%. We continue to benefit from the repricing of our CDI portfolio, which supports margin expansion. Q: What is the outlook for SBA loan sales and gains? A: The premiums in the secondary market remain healthy, ranging from mid to low eights. We aim to balance gain on sales with portfolio retention. Our current outlook for 2026 is around $16 million to $17 million in SBA gains on sale. Q: What are your plans for reducing time deposits as a percentage of the overall portfolio? A: We aim to reduce our reliance on CDs over time, though it takes time to shift the mix. The acquisition of Territorial Bank Corp and the pending acquisition of MANUBANK will help diversify our deposit sources and lower the percentage of CDs. However, this will take time to align closer to industry norms. Q: Can you provide an update on the pending MANUBANK transaction and its expected contribution? A: We expect the MANUBANK transaction to close in the second half of 2026, depending on regulatory approvals. Our guidance assumes a quarter's worth of contribution from MANUBANK operations, though the timing is subject to approvals and other factors. Q: What is the cost of new money coming in, and how does it compare to existing deposits? A: The cost of new money ranges between 350 and 380 basis points for incremental interest-bearing deposits, depending on sub-market and sub-product. Time deposits are on the higher end, money markets on the lower end, and low-cost IB deposits even lower. The competitive deposit cost is between 350 and 380 basis points. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Second quarter 2026 net income of $33.0 million, up 12% quarter-over-quarter LOS ANGELES, July 27, 2026--(BUSINESS WIRE)--Hope Bancorp, Inc. (the "Company") (NASDAQ: HOPE), the holding company of Bank of Hope (the "Bank"), today reported unaudited financial results for its second quarter and six months ended June 30, 2026. For the second quarter of 2026, the Company reported net income of $33.0 million, or $0.26 per diluted common share, up 12% from net income of $29.5 million, or $0.23 per diluted common share, for the first quarter of 2026, and up from a net loss of $24.8 million, or $(0.19) per diluted common share, for the second quarter of 2025. Net income excluding notable items(1) for the second quarter of 2026 was $34.5 million, or $0.27 per diluted common share, up 16% from $29.7 million, or $0.23 per diluted common share, for the first quarter of 2026, and up 40% from net income of $24.6 million, or $0.19 per diluted common share, for the second quarter of 2025. "Overall, we delivered strong quarterly results and are pleased with the continued progress made to improve the profitability and core operating performance of the Bank. Second quarter 2026 earnings growth reflected a combination of revenue growth and positive operating leverage, driven by loan growth, net interest margin expansion, lower funding costs, increased fee income and expense discipline," said Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp, Inc. "As we enter the second half of 2026, we are well-positioned to continue our momentum in executing on our key priorities. We are focused on building a more profitable and resilient franchise through disciplined balance sheet management, prudent expense control and the strengthening of client relationships to deliver long-term value for our stockholders," continued Kim. "Our pending acquisition of the Commercial Banking Unit of SMBC MANUBANK(2) is closely aligned with our priorities and represents an important opportunity to expand our middle market and multinational banking capabilities, develop specialty deposit verticals, and broaden our footprint in Southern California. The transaction is anticipated to improve our 2027 earnings and returns on tangible common equity, enhance our long-term earnings capacity, and support effective capital management," concluded Kim. Operating Results for the Second Quarter of 2026 Net interest income and net interest margin. Net interest income totaled $129.0 million for the second quarter of 2026, up $4.9 million, or 4%, compared with $124.1 million for the first quarter of 2026, and up $11.5 million, or 10%, from the second quarter of 2025. Net interest margin for the second quarter of 2026 was 2.96%, up six basis points from 2.90% for the first quarter of 2026, and up 27 basis points from 2.69% for the year-ago quarter. The sequential quarter net interest income growth and net interest margin expansion were primarily driven by average earning asset growth, earning asset yield expansion and a lower cost of funds. The second quarter 2026 yield on average loans was 5.73%, up four basis points sequentially, and the cost of interest bearing deposits was 3.31%, down six basis points sequentially. Year-over-year, the cost of interest bearing deposits was down 46 basis points, reflecting Fed Funds target rate cuts over the period as well as the positive impact of the Territorial Bancorp acquisition, which closed on April 2, 2025, and contributed lower cost deposits to the Bank’s funding mix. Noninterest income. For the second quarter of 2026, noninterest income totaled $18.9 million, up $1.9 million, or 11%, compared with $17.0 million for the first quarter of 2026, and up $3.0 million, or 19%, compared with noninterest income excluding notable items(3) of $15.9 million for the second quarter of 2025. Second quarter 2025 reported noninterest income was $(23.0) million and included a $38.9 million loss on an investment portfolio repositioning. The sequential quarter growth in second quarter 2026 noninterest income reflected increased net gains on sales of Small Business Administration ("SBA") loans, growth in customer-driven income and fees, and an increase in net gains on sales of available-for-sale securities. The Company sold $67.9 million of SBA loans in the second quarter of 2026 for a net gain of $4.4 million, compared with $53.0 million of SBA loans sold for a net gain of $3.3 million in the first quarter of 2026. Noninterest expense. Noninterest expense for the second quarter of 2026 was $98.5 million, up $4.0 million, or 4%, from $94.5 million for the first quarter of 2026, and down $11.0 million, or 10%, from $109.5 million for the second quarter of 2025. Noninterest expense excluding notable items(3) for the second quarter of 2026 was $96.4 million, up $2.1 million, or 2%, from $94.3 million for the first quarter of 2026, and up $4.2 million, or 5%, from $92.2 million for the second quarter of 2025. Growth in the second quarter 2026 noninterest expense was well controlled across all key areas of operating expenses. In the second quarter of 2026, revenue growth outpaced expense growth, resulting in positive operating leverage and an improved efficiency ratio. The reported efficiency ratio for the second quarter of 2026 was 66.6%, improving from 67.0% in the prior quarter and 115.8% in the year-ago quarter. The efficiency ratio excluding notable items(3) for the second quarter of 2026 was 65.2%, improving from 66.9% in the prior quarter and 69.1% in the year-ago quarter. Income tax provision and tax rate. For the second quarter of 2026, the Company recorded an income tax provision of $9.6 million, compared with an income tax provision of $8.4 million for the first quarter of 2026 and an income tax benefit of $(1.3) million for the second quarter of 2025. The year-to-date effective tax rate for the first half of 2026 was 22.3%. Balance Sheet Summary Total assets. At June 30, 2026, total assets were $18.99 billion, compared with $18.66 billion at March 31, 2026, and $18.55 billion at June 30, 2025. Loans. At June 30, 2026, gross loans totaled $15.03 billion, up 2%, equivalent to 8% annualized, from $14.74 billion at March 31, 2026, and up 4% from $14.45 billion at June 30, 2025. Second quarter 2026 average loans were $14.79 billion, up 1%, equivalent to 3% annualized, from $14.69 billion for the first quarter of 2026, and up 3% from $14.43 billion for the second quarter of 2025. Quarter-over-quarter and year-over-year loan growth was broad-based across the Company’s major lending portfolios of commercial and industrial, commercial real estate and residential mortgage. The following table sets forth the loan portfolio composition at June 30, 2026, March 31, 2026, and June 30, 2025: Deposits. Total deposits were $15.88 billion at June 30, 2026, up 1%, equivalent to 4% annualized, from $15.73 billion at March 31, 2026, and down 0.4% compared with $15.94 billion at June 30, 2025. Quarter-over-quarter, noninterest bearing demand deposits increased 5%; money market, interest bearing demand and savings deposits increased 1%, and time deposits decreased 1%. Compared with the year-ago quarter, noninterest bearing demand deposits increased 2%, while time deposits decreased 2%. The quarter-over-quarter and year-over-year decreases in time deposits were planned, to support continued reduction in the Bank’s cost of funds. The following table sets forth the deposit composition at June 30, 2026, March 31, 2026, and June 30, 2025: Credit Quality and Allowance for Credit Losses Criticized loans. Overall credit quality remained stable quarter-over-quarter and improved meaningfully year-over-year. Criticized loans were $334.3 million at June 30, 2026, up $9.2 million, or 3%, quarter-over-quarter, and down $80.5 million, or 19%, year-over-year. The criticized loan ratio was 2.24% of total loans receivable at June 30, 2026, compared with 2.22% at March 31, 2026, and down 63 basis points from 2.87% at June 30, 2025. Nonperforming assets. Nonperforming assets declined $7.7 million from the prior quarter to $112.9 million, or 0.59% of total assets, at June 30, 2026, compared with 0.65% of total assets at March 31, 2026, and 0.61% of total assets at June 30, 2025. The quarter-over-quarter improvement primarily reflected a reduction in accruing delinquent loans past due 90 days or more. The following table sets forth the components of nonperforming assets at June 30, 2026, March 31, 2026, and June 30, 2025: Net charge-offs. The Company recorded net charge-offs of $9.0 million for the second quarter of 2026, equivalent to 0.24%, annualized, of average loans. This compares with net charge-offs of $10.7 million, or 0.29%, annualized, of average loans for the first quarter of 2026, and $12.0 million, or 0.33%, annualized, of average loans for the second quarter of 2025. Provision for credit losses. For the second quarter of 2026, the Company recorded a provision for credit losses of $6.8 million, compared with $8.7 million for the first quarter of 2026 and $11.1 million for the second quarter of 2025. The sequential quarter decrease in the provision for credit losses primarily reflected lower net charge-offs in the second quarter of 2026 compared with the prior quarter. Allowance for credit losses. The allowance for credit losses totaled $153.2 million at June 30, 2026, compared with $155.1 million at March 31, 2026, and $149.5 million at June 30, 2025. The allowance coverage ratio was 1.03% of loans receivable at June 30, 2026, compared with 1.06% at March 31, 2026, and 1.04% at June 30, 2025. The following table sets forth the allowance for credit losses and the coverage ratios at June 30, 2026, March 31, 2026, and June 30, 2025: Capital At June 30, 2026, the capital ratios of the Company and the Bank continued to exceed all regulatory capital requirements generally required to meet the definition of a "well-capitalized" financial institution. The following table sets forth the capital ratios for the Company at June 30, 2026, March 31, 2026, and June 30, 2025: Year-to-date through June 30, 2026, the Company returned $44.6 million of capital to stockholders through cash dividends and common stock repurchases. Year-to-date in 2026, the Company repurchased 772,726 shares of common stock, equivalent to 0.6% of outstanding shares at December 31, 2025, at an average price of $11.25 per share, for a total of $8.7 million, pursuant to its existing $50.0 million share repurchase authorization. As of June 30, 2026, $26.6 million remained available under the authorization. The Company also returned capital to stockholders through quarterly common stock dividends of 14 cents per share declared in both the first and the second quarters of 2026. At June 30, 2026, total stockholders’ equity was $2.30 billion, up 1% compared with December 31, 2025. Book value per share at June 30, 2026, was $17.97, up 1% compared with $17.81 at December 31, 2025. TCE per share(4) was $13.85 at June 30, 2026, up 1% compared with $13.71 at December 31, 2025. Investor Conference Call The Company previously announced that it will host an investor conference call on Monday, July 27, 2026, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review its unaudited financial results for its second quarter ended June 30, 2026. Investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (international) and asking for the "Hope Bancorp Call." A presentation to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp’s website at www.ir-hopebancorp.com. Other interested parties are invited to listen to a live webcast of the call available at the Investor Relations section of Hope Bancorp’s website. After the live webcast, a replay will remain available at the Investor Relations section of Hope Bancorp’s website for at least one year. A telephonic replay of the call will be available at 855-669-9658 (domestic) or 412-317-0088 (international) for one week through August 3, 2026, with the replay access code 7252988. Non-GAAP Financial Metrics This news release and accompanying financial tables contain certain non-GAAP financial measure disclosures, including net income excluding notable items, earnings per share excluding notable items, noninterest income excluding notable items, noninterest expense excluding notable items, efficiency ratio excluding notable items, effective tax rate excluding notable items, PPNR, PPNR excluding notable items, ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, TCE per share and TCE ratio. Management believes these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s operational performance and the Company’s capital levels and has included these figures in response to market participant interest in these financial metrics. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 through 12. About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company for Bank of Hope, with $18.99 billion in total assets as of June 30, 2026. Following the addition of Territorial Savings as a division of Bank of Hope, the Company became the largest regional bank serving multicultural customers across the continental United States and Hawaii. Headquartered in Los Angeles, California, Bank of Hope offers a comprehensive range of commercial, corporate, and consumer banking products and services, including commercial and commercial real estate lending, SBA lending, residential mortgage and consumer lending, treasury management, foreign exchange solutions, interest rate derivatives, and international trade finance. Bank of Hope operates 45 full-service branches in California, New York, New Jersey, Washington, Texas, Illinois, Alabama and Georgia under the Bank of Hope banner, and 28 branches in Hawaii under the Territorial Savings banner. Bank of Hope also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices throughout the United States, and a representative office in Seoul, South Korea. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to www.bankofhope.com for Bank of Hope and www.tsbhawaii.bank for Territorial Savings, a division of Bank of Hope. By including the foregoing website address links, the Company does not intend to incorporate by reference any material contained or accessible therein. Forward-Looking Statements Some statements in this news release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words "will", "believes", "expects", "anticipates", "intends", "plans", "estimates", "projects", and similar expressions and statements regarding Hope Bancorp’s strategic initiatives, the pending acquisition of the Commercial Banking Unit of SMBC MANUBANK ("MANUBANK"), and Hope Bancorp’s future financial and operational results and capital allocation strategy. With respect to any such forward-looking statements, Hope Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. With the consummation of the pending acquisition of MANUBANK, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among other things: the failure of the conditions to closing to be satisfied or waived; difficulties and delays in integrating Hope Bancorp and MANUBANK and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; and deposit attrition, operating costs, customer loss and business disruption following the acquisition, including difficulties in maintaining relationships with employees and customers, which may be greater than expected. The closing of the proposed transaction is subject to regulatory approvals and the satisfaction of other customary closing conditions. Other risks and uncertainties include, but are not limited to: possible deterioration of economic conditions in Hope Bancorp’s areas of operation and in the U.S. generally or elsewhere, including as a result of the interest rate environment, supply chain disruptions, inflation, labor shortages, changes in the housing and real estate markets, consumer confidence and spending habits; risk of adverse economic or political conditions in South Korea; interest rate risk associated with volatile interest rates and related asset‑liability matching risk; liquidity risks; the possibility that Hope Bancorp may discontinue or otherwise limit repurchases of its common stock; risk of significant non‑earning assets and net credit losses that could occur, particularly in times of weak economic conditions or rising interest rates; the failure of or changes to assumptions and estimates underlying Hope Bancorp’s allowance for credit losses; risk of natural disasters; risk of cybersecurity incidents; potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations; the outcome of any legal proceedings that may be instituted against Hope Bancorp; and the impact of U.S. and global trade policies, including changes in, or the imposition of, tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom fluctuations in commodity prices such as oil, as well as geopolitical instability and international tensions. For additional information concerning these and other risk factors, see Hope Bancorp’s most recent Annual Report on Form 10‑K and other documents Hope Bancorp files with the SEC from time to time. Hope Bancorp does not undertake, and specifically disclaims, any obligation to update any forward‑looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law. Hope Bancorp, Inc.Selected Financial DataUnaudited (dollars in thousands, except share and per share data) Reconciliation of GAAP financial measures to non-GAAP financial measures Management reviews select non-GAAP financial measures in evaluating the Company’s and the Bank’s financial performance and in response to market participant interest. Reconciliations of the most directly comparable GAAP to non-GAAP financial measures utilized by management are provided below. View source version on businesswire.com: https://www.businesswire.com/news/home/20260727546817/en/ Contacts Julianna BalickaExecutive Vice President & Chief Financial [email protected] Maxime OlivanSenior Vice President & Investor Relations [email protected]

Hope Bancorp (HOPE) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.85%. A quarter ago, it was expected that this bank holding company would post earnings of $0.22 per share when it actually produced earnings of $0.23, delivering a surprise of +4.55%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Hope Bancorp, which belongs to the Zacks Banks - West industry, posted revenues of $147.82 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.69%. This compares to year-ago revenues of $133.43 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Hope Bancorp shares have added about 22.7% since the beginning of the year versus the S&P 500's gain of 8.3%. While Hope Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Hope Bancorp was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.30 on $156.6 million in revenues for the coming quarter and $1.13 on $624.3 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the broader Zacks Finance sector, Centerspace (CSR), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 3. This real estate investment trust is expected to post quarterly earnings of $1.22 per share in its upcoming report, which represents a year-over-year change of -4.7%. The consensus EPS estimate for the quarter has been revised 2.1% higher over the last 30 days to the current level. Centerspace's revenues are expected to be $67.6 million, down 1.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hope Bancorp, Inc. (HOPE) : Free Stock Analysis Report Centerspace (CSR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Hope Bancorp, Inc.? Here are five stocks we like better. Second-quarter performance improved: Revenue rose 12% sequentially to $148 million, while adjusted EPS increased 17% to $0.27. Results benefited from a six-basis-point expansion in net interest margin to 2.96%, higher loan yields, lower funding costs and positive operating leverage. Loan and deposit trends strengthened: Gross loans grew 2% sequentially to $15 billion, led by commercial and industrial lending, while deposits increased 1% to $15.9 billion. Non-interest-bearing deposits rose 5% as the bank continued shifting away from higher-cost time deposits. MANUBANK acquisition and outlook remain on track: Hope expects to close its all-cash acquisition of SMBC MANUBANK’s commercial banking unit in the second half of 2026, adding approximately $2.3 billion in loans and $2.6 billion in deposits. Full-year guidance was unchanged, including 15%–20% revenue growth and approximately 20% end-of-period loan growth. Hope Bancorp (NASDAQ:HOPE) reported higher second-quarter earnings and revenue as net interest margin expanded, loan growth accelerated and the company continued to improve its deposit mix ahead of its planned acquisition of SMBC MANUBANK’s commercial banking unit. The company reported second-quarter revenue of $148 million and diluted earnings per share of $0.26, up 12% from the first quarter. Earnings per share excluding notable items, primarily merger-related costs, were $0.27, up 17% sequentially from $0.23 and 40% from $0.19 a year earlier. → MarketBeat Week in Review – 07/20- 07/24 Chairman, President and CEO Kevin Kim said second-quarter earnings growth was supported by 5% revenue growth, a 6-basis-point expansion in net interest margin and positive operating leverage. “Overall, we delivered a strong second quarter and made solid progress during the first half of the year in executing against our key operating priorities,” Kim said. → Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Net interest income totaled $129 million, increasing $5 million, or 4%, from the first quarter and $12 million, or 10%, from the second quarter of 2025. Chief Financial Officer Julianna Balicka said the company’s net interest margin rose to 2.96% from 2.90% in the prior quarter and 2.69% a year earlier. The margin improvement was primarily driven by higher loan yields and lower funding costs. Balicka said the June net interest margin was 2.98%, while the end-of-June deposit spot rate was 2.58% and the spot rate on interest-bearing deposits was 3.32%. → 2 Stocks Built to Thrive If Inflation Refuses to Fade Management expects continued margin expansion through the remainder of 2026, though Balicka said quarterly improvement is expected to be more modest than the increase recorded from the first to second quarter. The company continues to benefit from repricing within its certificate of deposit portfolio, she said. Non-interest income was $19 million, up 11% from the prior quarter and 19% year over year excluding notable items. The increase reflected higher gains on sales of Small Business Administration loans, customer-related income and fees, and gains on available-for-sale securities. Hope sold $68 million of SBA loans during the quarter, generating a $4 million gain on sale, compared with $53 million of sales and a $3 million gain in the first quarter. Kim said secondary-market premiums remained healthy, in the mid- to low-8% range, and the company’s current outlook calls for $16 million to $17 million in SBA gains on sale for the full year. Non-interest expense totaled $98 million, up from $94 million in the first quarter. Excluding merger-related costs, expenses were $96 million, a 2% sequential increase and a 5% increase from a year earlier. Revenue growth outpaced expense growth, bringing the efficiency ratio excluding notable items to 65.2%, compared with 66.9% in the first quarter and 69.1% a year earlier. Gross loans increased 2% sequentially, or 8% on an annualized basis, to $15 billion at June 30. Loan growth was led by commercial and industrial lending, with additional contributions from commercial real estate and residential mortgage lending. Average loans totaled $14.8 billion during the quarter, up 1% from the first quarter and 3% from a year earlier. Kim said loan production was “pretty robust” during the second quarter and that the pipeline entering the third quarter remained solid. He said the company is prioritizing relationship economics, loan structure and credit quality over headline growth. Balicka said new loan yields ranged from a little above 6% for commercial real estate loans to close to 8% for SBA lending, with an overall average of roughly 6%. Deposits rose 1% sequentially, or 4% annualized, to $15.9 billion. Non-interest-bearing demand deposits increased 5% from the prior quarter, while time deposits declined 1% as the company sought to reduce funding costs and improve its deposit composition. Balicka said the company saw tariff refund funds flow into accounts held by some commercial and small-business customers during the quarter, helping support demand-deposit growth. She added that incremental interest-bearing deposit costs were generally between 3.50% and 3.80%, depending on product and market. Management said it intends to reduce the proportion of CDs in the deposit base over time, although Balicka said the shift will take time because CDs remain a preferred product among the company’s core customers. She said the prior acquisition of Territorial Bancorp and the pending MANUBANK transaction are expected to broaden deposit sources. Customer retail deposits in Hawaii grew 6% year to date, with pricing lower than mainland deposits, according to management. Asset quality remained broadly stable, according to the company. Criticized loans totaled $334 million at June 30, up $9 million from the prior quarter but down $80 million, or 19%, from a year earlier. The criticized loan ratio improved to 2.24% of loans receivable from 2.87% a year ago. Non-performing assets were $113 million, or 59 basis points of total assets, compared with 65 basis points in the first quarter and 61 basis points a year earlier. Net charge-offs were $9 million, or an annualized 24 basis points of average loans, down from $11 million, or 29 basis points, in the first quarter. The provision for credit losses declined to $7 million from $9 million in the prior quarter. The allowance for credit losses totaled $153 million, representing 1.03% of loans receivable. Hope reported a common equity Tier 1 ratio of 12.27% and a total capital ratio of 13.95% at June 30. Year to date, the company returned $45 million to shareholders through dividends and common-stock repurchases, including approximately 773,000 shares repurchased for $9 million at an average price of $11.25 per share. About $27 million remained available under its existing repurchase authorization at quarter-end. The company continues to expect its acquisition of SMBC MANUBANK’s commercial banking unit to close during the second half of 2026, subject to regulatory approvals and customary closing conditions. Based on June 30 balances and before fair-value marks, the all-cash transaction is expected to add approximately $2.3 billion in loans and $2.6 billion in deposits. Management’s full-year outlook was unchanged. Hope expects approximately 20% end-of-period loan growth, including MANUBANK loan balances, along with revenue growth of 15% to 20% and pre-provision net revenue growth of 25% to 30%. The revenue and pre-provision outlook excludes notable items and includes an assumed quarter of MANUBANK operations in the fourth quarter. The board declared a quarterly dividend of $0.14 per share, payable on or around Aug. 20 to shareholders of record as of Aug. 6. Hope Bancorp, Inc operates as the bank holding company for Hope Bank, a California-chartered financial institution serving small and middle-market businesses, professionals and affluent individuals. The company's principal activities include accepting a variety of deposit products—such as checking accounts, savings and money market accounts, and time deposits—and extending commercial credit facilities. With a focus on community banking, Hope Bancorp tailors its offerings to meet the needs of clients in diverse industries, including real estate, professional services and import/export trade. In its lending business, Hope Bancorp provides commercial real estate loans, construction financing, working capital lines of credit and equipment financing. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Hope Bancorp Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.