Hope Bancorp Past Earnings Performance

Past criteria checks 1/6

Hope Bancorp's earnings have been declining at an average annual rate of -1.5%, while the Banks industry saw earnings growing at 7% annually. Revenues have been growing at an average rate of 3.1% per year. Hope Bancorp's return on equity is 4.7%, and it has net margins of 21%.

Key information

-1.5%

Earnings growth rate

-0.4%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	3.1%
Return on equity	4.7%
Net Margin	21.0%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Hope Bancorp GAAP EPS of $0.43 beats by $0.02, revenue of $154.29M beats by $4.22M

Jul 19

Hope Bancorp: Strong Topline Growth Likely To Compensate For Above-Average Provisioning

Jun 29

Hope Bancorp (NASDAQ:HOPE) Will Pay A Dividend Of US$0.14

Apr 22

Hope Bancorp: Leading Korean Bank

Feb 09

Hope Bancorp: Expansion Efforts, Well-Positioned Portfolio To Bear Fruit This Year

Feb 03

Hope Bancorp (NASDAQ:HOPE) Has Announced A Dividend Of US$0.14

Jan 28

Hope Bancorp (NASDAQ:HOPE) Has Affirmed Its Dividend Of US$0.14

Oct 29

Revenue & Expenses Breakdown

How Hope Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:HOPE Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
30 Sep 24	484	102	253
30 Jun 24	498	108	260
31 Mar 24	521	120	268
31 Dec 23	542	134	276
30 Sep 23	562	159	281
30 Jun 23	592	183	281
31 Mar 23	605	197	279
31 Dec 22	620	218	269
30 Sep 22	605	218	265
30 Jun 22	600	220	262
31 Mar 22	596	222	258
31 Dec 21	569	205	245
30 Sep 21	528	181	247
30 Jun 21	491	156	238
31 Mar 21	449	129	231
31 Dec 20	426	112	233
30 Sep 20	447	126	238
30 Jun 20	461	138	243
31 Mar 20	486	154	250
31 Dec 19	509	171	250
30 Sep 19	514	172	246
30 Jun 19	516	176	241
31 Mar 19	524	181	241
31 Dec 18	533	190	239
30 Sep 18	542	163	240
30 Jun 18	547	161	238
31 Mar 18	541	154	229
31 Dec 17	530	139	225
30 Sep 17	526	162	220
30 Jun 17	503	144	212
31 Mar 17	453	126	192
31 Dec 16	406	114	170
30 Sep 16	349	96	148
30 Jun 16	318	95	134
31 Mar 16	314	95	133
31 Dec 15	309	92	133
30 Sep 15	306	92	132
30 Jun 15	302	88	130
31 Mar 15	300	88	126
31 Dec 14	298	89	123
30 Sep 14	290	84	120
30 Jun 14	290	86	116
31 Mar 14	287	86	113
31 Dec 13	276	82	109

Quality Earnings: HOPE has high quality earnings.

Growing Profit Margin: HOPE's current net profit margins (21%) are lower than last year (28.3%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HOPE's earnings have declined by 1.5% per year over the past 5 years.

Accelerating Growth: HOPE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HOPE had negative earnings growth (-35.9%) over the past year, making it difficult to compare to the Banks industry average (-11.8%).

Return on Equity

High ROE: HOPE's Return on Equity (4.7%) is considered low.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 10:10
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Hope Bancorp, Inc. is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Peter Winter	BMO Capital Markets Equity Research
Leanne Caravaggio	BMO Capital Markets Equity Research
Lana Chan	BMO Capital Markets U.S. (Historical)

Hope Bancorp Past Earnings Performance

Past criteria checks 1/6

Key information

Recent past performance updates

Hope Bancorp, Inc. Reports Net Charge Offs for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Hope Bancorp, Inc. to Report Q3, 2024 Results on Oct 28, 2024

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Hope Bancorp, Inc. to Report Q2, 2024 Results on Jul 29, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Recent updates

Director recently sold US$388k worth of stock

Director notifies of intention to sell stock

Honorary Chairman of the Board recently sold US$1.3m worth of stock

Independent Director recently sold US$375k worth of stock

Hope Bancorp (NASDAQ:HOPE) Is Due To Pay A Dividend Of $0.14

Third quarter dividend of US$0.14 announced

Hope Bancorp, Inc. Reports Net Charge Offs for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Hope Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About November 21, 2024

Hope Bancorp, Inc. to Report Q3, 2024 Results on Oct 28, 2024

Independent Director recently sold US$185k worth of stock

Independent Director notifies of intention to sell stock

Second quarter dividend of US$0.14 announced

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Price target increased by 12% to US$12.70

Now 21% undervalued

Hope Bancorp Declares Quarterly Cash Dividend, Payable on or About August 22, 2024

Investor sentiment improves as stock rises 18%

Hope Bancorp, Inc. to Report Q2, 2024 Results on Jul 29, 2024

Honorary Chairman of the Board recently sold US$349k worth of stock

Now 21% undervalued

Hope Bancorp: Dividend Yield Is Attractive, Acquisition Is The Biggest Catalyst

Hope Bancorp (NASDAQ:HOPE) Is Paying Out A Dividend Of $0.14

First quarter dividend of US$0.14 announced

Hope Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About May 23, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Hope Bancorp, Inc. (NasdaqGS:HOPE) signed a definitive merger agreement to acquire Territorial Bancorp Inc. (NasdaqGS:TBNK) for $77.89 million.

Hope Bancorp, Inc., Annual General Meeting, May 23, 2024

Hope Bancorp, Inc. to Report Q1, 2024 Results on Apr 29, 2024

Chairman exercised options to buy US$247k worth of stock.

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Hope Bancorp: Deposits Drop, So Does Shareholder Confidence

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Hope Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About February 23, 2024

Hope Bancorp, Inc. to Report Q4, 2023 Results on Jan 30, 2024

Price target increased by 7.2% to US$10.40

Hope Bancorp (NASDAQ:HOPE) Will Pay A Dividend Of $0.14

Hope Bancorp, Inc. Reports Net Charge Offs for the Third Quarter Ended September 30, 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Hope Bancorp, Inc. to Report Q3, 2023 Results on Oct 23, 2023

Price target decreased by 7.5% to US$9.80

Hope Bancorp (NASDAQ:HOPE) Is Paying Out A Dividend Of $0.14

Price target increased by 7.1% to US$10.60

Hope Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About August 17, 2023

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Hope Bancorp, Inc. to Report Q2, 2023 Results on Jul 24, 2023

Hope Bancorp, Inc. to Report Q2, 2023 Results on Jul 24, 2023

Hope Bancorp, Inc.(NasdaqGS:HOPE) dropped from S&P Banks Select Industry Index

Investor sentiment improves as stock rises 17%

Independent Director recently bought US$101k worth of stock

Investor sentiment deteriorates as stock falls 17%

Price target decreased by 9.8% to US$10.10

Hope Bancorp (NASDAQ:HOPE) Will Pay A Dividend Of $0.14

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 10% to US$11.20

Chairman exercised options to buy US$312k worth of stock.

Investor sentiment deteriorates as stock falls 15%

Is Now The Time To Put Hope Bancorp (NASDAQ:HOPE) On Your Watchlist?

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 15%

Hope Bancorp (NASDAQ:HOPE) Is Paying Out A Dividend Of $0.14

Price target decreased by 8.2% to US$13.50

Full year 2022 earnings: EPS and revenues miss analyst expectations

Hope Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About February 16, 2023

Hope Bancorp, Inc. to Report Q4, 2022 Results on Jan 23, 2023

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Hope Bancorp, Inc. Reports Net Charge Offs for the Third Quarter Ended September 30, 2022

Hope Bancorp, Inc. to Report Q3, 2022 Results on Oct 24, 2022

Independent Director recently sold US$107k worth of stock