HOPE BANCORP INC

Other than the risk factor set forth below, management is not aware of any material changes to the risk factors discussed in Part 1, Item 1A, of the Annual Report on Form 10-K for the year ended December 31, 2024. In addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the risk factors discussed in Part 1, Item 1A, of the Annual Report on Form 10-K for the year ended December 31, 2024, which could materially and adversely affect the Company’s business, financial condition, results of operations, and stock price. The risks described in the Annual Report on Form 10-K and this Quarterly Report on Form 10-Q are not the only risks facing the Company. Additional risks and uncertainties not presently known to management, or that management presently believes not to be material, may also result in material and adverse effects on the Company’s business, financial condition, results of operations, and stock price.

The banking industry and broader economy may be subject to new or changing government policy, legislation and regulation, or the prolonged effects of a government shutdown.

The Company’s success depends, in part, on local, national, and global economic and political conditions. The current U.S. administration has, and continues to implement, significant and rapid changes in federal government operations and policies, including international trade policies, which may impact economic stability, the financial markets and the financial services industry. In addition, budget disputes in Congress has led to a federal government shutdown, which may continue for an indeterminate period of time. Conditions such as an economic recession, rising unemployment, and the effects of tariffs, trade wars, government shutdowns, inflationary prices, tax law changes, and other factors beyond the Company’s control may adversely affect the local and national economy. The occurrence of any of the foregoing events could have a material adverse effect on the Company’s business, financial condition, or results of operations.

The Company did not have any unregistered sales of equity securities during the three months ended September 30, 2025.

In January 2022, the Company’s Board of Directors approved a stock repurchase program that authorized the Company to repurchase up to $50.0 million of its common stock. The stock repurchase authorization does not have an expiration date and may be modified, amended, suspended, or discontinued at the Company’s discretion at any time without notice. The Company did not repurchase any shares as part of this program during the three months ended September 30, 2025. $35.3 million remains available for the repurchase of additional stock as of September 30, 2025.

The following table summarizes stock repurchase activities during the three months ended September 30, 2025:

None.

Not Applicable.

During the three months ended September 30, 2025, no director or officer of the Company adopted orterminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as defined in Item 408 of Regulation S-K.