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Hope Bancorp (HOPE)
:HOPE
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.13Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 27, 2025
|% Change Since: -9.02%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlights improvements in efficiency, capital ratios, and income growth, with a positive outlook for 2025. However, challenges remain with deposit decreases, margin pressure, and elevated charge-offs.Company Guidance
During the Hope Bancorp 2024 Fourth Quarter Earnings Conference Call, management provided comprehensive guidance on the company's financial outlook and strategic initiatives. For the fourth quarter, Hope Bancorp reported a net income of $24.3 million, or $0.20 per diluted share, with a pre-provision net revenue of $40 million, representing a 14% increase from the previous quarter. The company achieved a significant reduction in brokered deposits to 7% of total deposits and managed a slight increase in loans receivable to $13.6 billion. For 2025, Hope Bancorp anticipates high single-digit loan growth, low double-digit net interest income growth, and mid-teen non-interest income growth. The pending merger with Territorial Bancorp is expected to close in the first quarter of 2025, bringing low-cost core deposits and high-quality residential mortgage loans into the portfolio. Capital ratios remain robust, with a tangible common equity ratio over 10% and a total capital ratio of nearly 15%. The board declared a $0.14 per share dividend, and management expressed optimism for improved financial performance and earnings growth in the upcoming year.Improved Efficiency and Profitability
Pre-provision net revenue was $40 million, up 14% from the previous quarter, with revenue growing and expenses decreasing.
Strong Capital Ratios
Tangible common equity ratio was over 10% and total capital ratio nearly 15% as of December 31, 2024.
Loan and Deposit Management
Broker deposits lowered to 7% of total deposits, down from a peak of 15% in April 2023. Loans receivable increased by 1% on an annualized basis.
Positive Outlook for 2025
Expectations for accelerating earnings growth and profitability driven by improved deposit mix, organic loan growth, and strong fee income growth.
Non-Interest Income Growth
Non-interest income increased by 34% from the third quarter, driven by gains on the sale of SBA loans and swap fee income.
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HOPE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HOPE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 27, 2025 | $11.98 | $12.10 | +1.00% |
| Oct 28, 2024 | $12.20 | $12.26 | +0.49% |
| Jul 29, 2024 | $13.07 | $12.53 | -4.13% |
| Apr 29, 2024 | $10.46 | $9.47 | -9.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hope Bancorp (HOPE) report earnings?
Hope Bancorp (HOPE) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Hope Bancorp (HOPE) earnings time?
Hope Bancorp (HOPE) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HOPE EPS forecast?
HOPE EPS forecast for the fiscal quarter 2025 (Q1) is 0.13.
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