Hope Bancorp IncHOPE

NasdaqFinanceNational Commercial Banks
Price (close)
$13.72
Market cap
$1.8B
P/E
13.7x
Revenue (TTM)
$576.5M
Net income
$127.8M
Dividend yield
4.08%
1-year total return
32.5%
Net margin
22.2%
Revenue growth
29.4%
Debt / equity
0.21x

What Hope Bancorp Inc does.

Hope Bancorp, Inc. (“Hope Bancorp” on a parent-only basis, and the “Company,” “we” or “our” on a consolidated basis with the Bank of Hope) is a bank holding company headquartered in Los Angeles, California. Hope Bancorp was incorporated in Delaware in the year 2000. We offer commercial and retail banking loan and deposit products through our wholly-owned subsidiary, Bank of Hope, a California state-chartered bank (the “Bank” or “Bank of Hope”). From our roots as a Korean-American focused bank, we have grown to be one of the largest independent commercial banks headquartered in California and serve a multi-ethnic population of customers around the United States. Our network of branches and loan production offices includes locations in California, New York, Texas, Hawaii, Washington, Illinois, New Jersey, Georgia, Florida, Alabama, Colorado, and Oregon, and includes a representative office in Seoul, South Korea. Our headquarters are located at 3200 Wilshire Boulevard, Suite 1400, Los Angeles, California 90010, and our telephone number at that address is (213) 639-1700.

The Bank’s deposits are insured by the Federal Deposit Insurance Corporation (the “FDIC”), up to applicable limits. In addition to the Bank, the Hope Bancorp has unconsolidated subsidiaries used as business trusts in connection with issuance of trust-preferred securities as described in Note 1 0 “Convertible Notes and Subordinated Debentures" in Item 8 of this Form 10-K.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$520.9M$556.4M$629.8M$571.4M$474.9M$498.7M
Net income$111.5M$204.6M$218.3M$133.7M$99.6M$61.6M
Free cash flow$160.9M$317.0M$476.4M$460.7M$106.9M$151.5M

More on HOPE.

Figures from Hope Bancorp Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.