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Hope Bancorp, Inc. 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 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 syndicated and leveraged loans 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 automated clearing house 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $499M | - | $62M | $151M | 2.7% | 5.2% | -38.2% |
| 2024 | $474M | - | $100M | $107M | 4.7% | -17.1% | -25.5% |
| 2023 | $571M | - | $134M | $461M | 6.3% | -9.3% | -38.8% |
| 2022 | $630M | - | $218M | $476M | 10.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 629.82 | 571.44 | 473.92 | 498.70 |
| Operating Revenue | - | 629.82 | 571.44 | 473.92 | 498.70 |
| Selling General And Administration | - | 210.97 | 225.14 | 189.36 | 224.40 |
| Interest Income | - | 716.12 | 1,048.88 | 953.98 | 941.16 |
| Interest Expense | - | 137.69 | 523.02 | 526.13 | 468.93 |
| Net Interest Income | - | 578.42 | 525.86 | 427.85 | 472.23 |
| Pretax Income | - | 296.05 | 177.89 | 132.96 | 77.28 |
| Tax Provision | - | 77.77 | 44.21 | 33.33 | 15.69 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -2.88 | -1.16 | -4.37 |
| Net Income Continuous Operations | - | 218.28 | 133.67 | 99.63 | 61.59 |
| Net Income From Continuing And Discontinued Operation | - | 218.28 | 133.67 | 99.63 | 61.59 |
| Net Income From Continuing Operation Net Minority Interest | - | 218.28 | 133.67 | 99.63 | 61.59 |
| Net Income | - | 218.28 | 133.67 | 99.63 | 61.59 |
| Net Income Common Stockholders | - | 218.28 | 133.67 | 99.63 | 61.59 |
| Net Income Including Noncontrolling Interests | - | 218.28 | 133.67 | 99.63 | 61.59 |
| Normalized Income | - | 218.28 | 142.37 | 103.09 | 78.75 |
| Diluted NI Availto Com Stockholders | - | 218.28 | 133.67 | 99.63 | 61.59 |
| Basic Average Shares | - | 119.82 | 120.13 | 120.76 | 128.20 |
| Diluted Average Shares | - | 120.47 | 120.39 | 121.11 | 128.20 |
| Total Unusual Items | - | 0 | -11.58 | -4.62 | -21.53 |
| Total Unusual Items Excluding Goodwill | - | 0 | -11.58 | -4.62 | -21.53 |
| Special Income Charges | - | 0 | -11.58 | -4.62 | -21.53 |
| Gain On Sale Of Business | - | 0 | 0 | 1.01 | - |
| Impairment Of Capital Assets | 2.15 | 0 | 0 | - | - |
| Restructuring And Mergern Acquisition | - | 0 | 11.58 | 4.62 | 21.53 |
| Gain On Sale Of Security | - | 0 | 0 | 0.94 | -37.69 |
| General And Administrative Expense | - | 210.97 | 225.14 | 189.36 | 224.40 |
| Other Gand A | 10.33 | - | - | - | - |
| Salaries And Wages | - | 204.72 | 207.87 | 177.86 | 214.11 |
| Insurance And Claims | - | 6.25 | 17.27 | 11.50 | 10.29 |
| Selling And Marketing Expense | 8.71 | 7.47 | - | - | - |
| Occupancy And Equipment | - | 47.70 | 53.02 | 51.44 | 66.23 |
| Professional Expense And Contract Services Expense | - | 6.31 | 6.46 | 8.97 | 8.61 |
| Other Non Interest Expense | - | 50.20 | 57.57 | 60.24 | 58.30 |
| Securities Amortization | - | 8.74 | 8.20 | 9.05 | 10.55 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hope Bancorp, Inc.this co. | HOPE | $1.6B | 26.13↑ premium | 0.70 | 2.7% | - |
| Pathward Financial, Inc. | CASH | $1.7B | 9.01 | 1.94 | 21.6% | - |
| Dime Community Bancshares, Inc. | DCOM | $1.7B | 14.97 | 1.22 | 8.1% | - |
| Republic Bancorp, Inc. | RBCAA | $1.7B | 12.58 | 1.50 | 11.9% | - |
| FirstSun Capital Bancorp | FSUN | $1.6B |
| - |
| - |
| - |
| - |
| - |
| 16.83 |
| 1.43 |
| 8.5% |
| - |
| German American Bancorp, Inc. | GABC | $1.6B | 14.58 | 1.41 | 9.7% | - |
| S&T Bancorp, Inc. | STBA | $1.6B | 12.15 | 1.11 | 9.2% | - |
| TriCo Bancshares | TCBK | $1.6B | 13.41 | 1.23 | 9.2% | - |
| Bank First Corporation | BFC | $1.6B | 21.96 | 2.44 | 11.1% | - |
| Peer Median | - | 13.99 | 1.42 | 9.4% | - | |