NasdaqGS:HOPEBanks
Hope Bancorp (HOPE) Margin Falls to 11.2%, Challenging Profitability Narrative After $20.7M Loss
Hope Bancorp (HOPE) reported a sharp drop in profitability this period, with net profit margin contracting to 11.2% from 21.1% a year ago. The slide followed a one-off $20.7 million loss, and capped off another challenging year in which earnings declined by 13.7% annually over the last five years, capped by negative earnings growth in the most recent twelve months. With forecasts now pointing to annual earnings growth of 60.5% over the next three years, which is well above the US market's...