Hope Bancorp | 8-K: FY2026 Q2 Revenue: USD 147.82 M

Revenue: As of FY2026 Q2, the actual value is USD 147.82 M.

EPS: As of FY2026 Q2, the actual value is USD 0.26.

EBIT: As of FY2026 Q2, the actual value is USD 42.59 M.

Operational Metrics

Hope Bancorp, Inc.’s Board of Directors declared a quarterly cash dividend of $0.14 per common share, payable on or about August 20, 2026, to stockholders of record as of August 6, 2026. This is equivalent to an annualized dividend of $0.56 per share and an annualized dividend yield of 4.09% at June 30, 2026.

Capital

At June 30, 2026, Hope Bancorp, Inc. reported a total capital ratio of 13.95% and a tangible common equity (TCE) ratio of 9.58%. The company repurchased approximately 773 thousand common shares in the first half of 2026 at an average price of $11.25 per share, with $27 million remaining under the current share repurchase authorization at June 30, 2026. The Leverage Ratio was 11.07% at June 30, 2026, compared to 11.11% at March 31, 2026, and 10.58% at June 30, 2025. The Common Equity Tier 1 (CET1) Capital Ratio was 12.27% at June 30, 2026, 12.36% at March 31, 2026, and 12.08% at June 30, 2025. The Tier 1 Capital Ratio stood at 12.95% at June 30, 2026, 13.05% at March 31, 2026, and 12.77% at June 30, 2025. TCE per share was $13.85 at June 30, 2026, an increase from $13.73 at March 31, 2026, and $13.28 at June 30, 2025.

Deposits

Total deposits reached $15.9 billion at June 30, 2026, representing a 1% quarter-over-quarter (QoQ) increase (4% annualized) and a slight decrease year-over-year (YoY). Specifically, total deposits were $15,876.5 million at June 30, 2026. Non-maturity interest-bearing deposits increased by 1% QoQ, while noninterest-bearing demand deposits were up 5% QoQ. Average interest-bearing deposits for Q2 2026 were $12.3 billion, and average non-interest-bearing deposits were $3.4 billion. Deposit composition at June 30, 2026, included $3.6 billion (22%) in noninterest-bearing demand deposits, $6.1 billion (38%) in money market, interest-bearing demand & savings deposits, and $6.2 billion (40%) in time deposits. California represents 59% of total deposits.

Loans

Gross loans totaled $15.0 billion at June 30, 2026, marking a 2% QoQ increase (8% annualized) and a 4% YoY increase. The gross loan-to-deposit ratio was 94.7% at June 30, 2026. Loan growth was led by commercial & industrial (C&I), with additional contributions from commercial real estate (CRE) and residential mortgage. Loan composition at June 30, 2026, included $4.6 billion (30%) in nonowner-occupied CRE, $3.9 billion (26%) in C&I, $2.5 billion (17%) in owner-occupied CRE, $2.8 billion (19%) in residential mortgage & other, and $1.2 billion (8%) in multifamily residential loans. Average loans for Q2 2026 were $14.8 billion.

Asset Quality

Asset quality remained stable QoQ with meaningful improvement YoY. Criticized loans were $334 million (2.24% of total loans receivable) at June 30, 2026, up 3% QoQ but down 19% YoY. Classified loans were $205 million (1.37% of total loans receivable) at June 30, 2026, down 19% QoQ and down 26% YoY. Nonperforming assets (NPA) decreased by 6% QoQ to $113 million at June 30, 2026, representing 0.59% of total assets. The Allowance for Credit Losses (ACL) was $153 million, with an ACL coverage ratio of 1.03% of loans receivable at June 30, 2026. Net charge-offs (NCO) for Q2 2026 were $9 million, or 24 basis points (bps) of average loans annualized, down from $11 million (29 bps of average loans annualized) in Q1 2026. The provision for credit losses was $7 million in Q2 2026, compared to $9 million in Q1 2026.

Earnings (Q2 2026 Highlights)

Net interest income (NII) for Q2 2026 was $129 million, up 4% QoQ and 10% YoY from $117 million. The net interest margin (NIM) was 2.96%, an increase of 6 bps QoQ and 27 bps YoY. Noninterest income, excluding notable items, increased to $19 million, up $2 million QoQ and $3 million YoY. GAAP noninterest income was $18,850 thousand for Q2 2026, compared to $16,967 thousand in Q1 2026 and -$22,956 thousand in Q2 2025. GAAP noninterest expense was $98.5 million, up 4% QoQ, including $2 million of merger-related costs. Noninterest expense, excluding notable items, increased by 2% QoQ to $96,406 thousand from $94,279 thousand in Q1 2026, and $92,192 thousand in Q2 2025. The efficiency ratio, excluding notable items, improved to 65.2% in Q2 2026, down from 66.9% for Q1 2026 and 69.1% for Q2 2025. Net income was $33,031 thousand for Q2 2026, an increase of 12% QoQ from $29,540 thousand in Q1 2026, and a significant improvement from -$24,750 thousand in Q2 2025. Net income, excluding notable items, was $34,499 thousand, up 16% QoQ and 40% YoY. The return on average assets (ROA) was 0.71%, with ROA excluding notable items at 0.74%. The return on average equity (ROE) was 5.76%, with ROE excluding notable items at 6.02%. Pre-Provision Net Revenue (PPNR) was $49,355 thousand for Q2 2026, compared to $46,569 thousand in Q1 2026 and -$14,974 thousand in Q2 2025.

Other Financial Metrics

Total assets were $18,991.9 million at June 30, 2026, up 2% QoQ and 2% YoY. Total liabilities were $16,696.0 million, up 2% QoQ and 2% YoY. Total stockholders’ equity was $2,295.9 million, up 1% QoQ and 3% YoY. Book value per share was $17.97 at June 30, 2026, up 1% QoQ and 3% YoY.

Outlook / Guidance

Hope Bancorp, Inc. anticipates approximately 20% growth in end-of-period gross loans for the full year 2026 versus 2025, including organic growth and the impact of the pending MANUBANK acquisition expected to close in the second half of 2026. Total revenue (excluding notable items) is projected to grow by approximately 15-20%, assuming no Federal Funds target rate cuts or hikes in 2026. Pre-provision net revenue (excluding notable items) is expected to see approximately 25-30% growth, with cost savings from the MANUBANK acquisition anticipated to begin in 2027.