HOPE BANCORP INC
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
HOPE$13.24-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (Dollars in thousands) | |||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net income | $61,588 | $99,630 | $133,673 |
| Adjustments to reconcile net income to net cash from operating activities: | |||
| Discount accretion, net of depreciation and amortization | 70,188 | 52,712 | 23,462 |
| Stock-based compensation expense | 7,706 | 8,917 | 12,342 |
| Provision for credit losses | 31,802 | 17,280 | 31,592 |
| Distribution gain from investments in tax credit structures | (120) | (2) | (5,819) |
| Write-down of ROU assets | — | — | 2,217 |
| Net gains on sales of loans | (14,324) | (8,534) | (4,322) |
| Gains on BOLI | (3,480) | (1,730) | (1,570) |
| Net change in fair value of derivatives | (6,824) | (13,365) | (16,225) |
| Net losses (gains) on sale of investment securities AFS | 37,688 | (936) | — |
| Net change in deferred income taxes | 6,244 | 5,283 | 4,140 |
| Proceeds from sales of loans held for sale | 200,300 | 63,749 | 135,464 |
| Originations of loans held for sale | (149,932) | (34,542) | (57,547) |
| Originations of servicing assets | (6,150) | (3,244) | (1,892) |
| Net change in accrued interest receivable | 4,176 | 10,551 | (9,186) |
| Net change in other assets | (25,439) | (3,563) | 107,834 |
| Net change in accrued interest payable | (16,418) | (74,390) | 141,506 |
| Net change in other liabilities | (32,459) | (1,094) | (21,892) |
| Net cash provided by operating activities | 164,546 | 116,722 | 473,777 |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Redemption of interest earning deposits in other financial institutions | — | — | 735 |
| Investment securities AFS: | |||
| Purchase of securities | (777,847) | (274,956) | (460,116) |
| Proceeds from matured, called, or paid-down securities | 245,096 | 304,331 | 317,418 |
| Proceeds from sale of securities | 1,133,470 | 276,252 | — |
| Investment securities HTM: | |||
| Purchase of securities | — | — | (5,545) |
| Proceeds from matured, called, or paid-down securities | 15,985 | 15,029 | 16,454 |
| Equity investments: | |||
| Purchase of investments | (48,318) | (1,581) | (1,297) |
| Proceeds from redemptions of investments | 47,331 | 539 | 3 |
| Proceeds from sales of loans held for sale previously classified as held for investment | 143,483 | 194,231 | 326,759 |
| Purchase of loans receivable | — | — | (3,666) |
| Net change in loans receivable | (279,199) | (17,810) | 1,124,918 |
| Purchase of FHLB and stock | — | — | (4,650) |
| Redemption of FHLB and FRB stock | 11,247 | — | 6,030 |
| Purchase of premises and equipment | (13,089) | (9,814) | (13,123) |
| Purchase of BOLI policy | — | — | (11,000) |
| Proceeds from BOLI death benefits | 2,810 | 633 | 587 |
| Investments in affordable housing partnerships | (6,133) | (3,157) | (5,733) |
| Investments in renewable energy tax credits | (36,420) | (17,242) | — |
| Proceeds from sales of OREO | — | 63 | 2,109 |
| Net cash received from the acquisition of Territorial | 86,897 | — | — |
| Net cash provided by investing activities | 525,313 | 466,518 | 1,289,883 |
| CASH FLOWS FROM FINANCING ACTIVITIES | |||
| Net change in deposits | (400,577) | (426,264) | (985,048) |
| Proceeds from FHLB advances | 390,000 | 600,100 | 5,450,000 |
| Repayment of FHLB advances | (365,000) | (600,100) | (5,950,000) |
| Proceeds from FRB borrowings | 311,200 | 1,258,100 | 36,104,000 |
| Repayment of FRB borrowings | (450,200) | (2,814,826) | (34,673,274) |
| Repurchase of convertible notes | — | — | (19,534) |
| Repayment of convertible notes | — | — | (197,107) |
| Cash dividends paid on common stock | (70,727) | (67,511) | (67,125) |
| Taxes paid in net settlement of restricted stock | (2,696) | (3,507) | (3,382) |
| Issuance of additional stock pursuant to various stock plans | 1 | — | 1 |
| Net cash used in financing activities | (587,999) | (2,054,008) | (341,469) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 101,860 | (1,470,768) | 1,422,191 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 458,199 | 1,928,967 | 506,776 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $560,059 | $458,199 | $1,928,967 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||
| Cash paid for interest | $484,818 | $599,204 | $379,910 |
| Cash paid for income taxes, net | 2,569 | 29,223 | 40,987 |
| SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES | |||
| Transfer from loans receivable to OREO | $365 | $— | $105 |
| Transfer from loans receivable to loans held for sale | 257,666 | 255,458 | 421,395 |
| Transfer from loans held for sale to loans receivable | 4,308 | 26,491 | 22,400 |
| Transfer from premises and equipment to premises held for sale | 1,526 | — | — |
| Lease liabilities arising from obtaining ROU assets | 10,400 | 6,151 | 8,008 |
| New commitments to fund investments in affordable housing partnerships | — | — | 15,000 |
| New commitments to fund investments in renewable energy tax credits | 46,195 | 20,000 | — |
| Acquisition of Territorial (See Note 19 “Business Combinations”): | |||
| Identifiable assets acquired, net of cash | 1,841,065 | — | — |
| Liabilities assumed | 1,871,102 | — | — |
| Goodwill | 16,466 | — | — |
| Issuance of common stock as consideration | 73,326 | — | — |
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