Hope Bancorp Q2 2024 Earnings Report

Hope Bancorp EPS Results

• Actual EPS: $0.22
• Consensus EPS: $0.22
• Beat/Miss: Met Expectations
• One Year Ago EPS: $0.32

Hope Bancorp Revenue Results

• Actual Revenue: $116.90 million
• Expected Revenue: $121.27 million
• Beat/Miss: Missed by -$4.37 million
• YoY Revenue Growth: -20.90%

Hope Bancorp Announcement Details

• Quarter: Q2 2024
• Date: 7/29/2024
• Time: Before Market Opens

Hope Bancorp (NASDAQ:HOPE) operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals in the United States. It accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. The company also offers loans comprising commercial and industrial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance, other business-related financing, and loans syndication services; commercial real estate loans; residential mortgage loans; small business administration loans; and consumer loans, such as single-family mortgage, home equity, automobile, credit card, and personal loans. In addition, it provides internet banking and bill-pay, remote deposit capture, lock box, and ACH origination services; treasury management services; foreign currency exchange transactions; interest rate contracts and wealth management services; automated teller machine services; and engages in investment activities. Hope Bancorp, Inc. was founded in 1986 and is headquartered in Los Angeles, California.