Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Hope Bancorp ( (HOPE) ) has shared an update.
On January 27, 2025, Hope Bancorp reported its financial results for the fourth quarter and full year ending December 31, 2024. The company achieved a net income of $24.3 million for the fourth quarter and $99.6 million for the full year. Hope Bancorp’s pre-provision net revenue increased by 14% from the previous quarter, driven by growth in noninterest income and reduced noninterest expenses. The company’s asset quality improved, with reductions in criticized loans and nonperforming assets. Additionally, Hope Bancorp is preparing to integrate Territorial Savings Bank to enhance its deposit base and residential mortgage portfolio. In response to the wildfires in Greater Los Angeles, the bank has committed to supporting the community’s rebuilding efforts through donations.
More about Hope Bancorp
Hope Bancorp, Inc., the holding company of Bank of Hope, is a financial institution headquartered in Los Angeles. The company focuses on providing banking services, including loans and deposit products, with a strategic emphasis on strengthening its deposit base and enhancing asset quality.
YTD Price Performance: 1.17%
Average Trading Volume: 675,686
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.46B
For an in-depth examination of HOPE stock, go to TipRanks’ Stock Analysis page.
