HOPE BANCORP INC
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 6, 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 1. FINANCIAL STATEMENTS
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
| (Unaudited) | ||
|---|---|---|
| June 30,2026 | December 31,2025 | |
| ASSETS · (Dollars in thousands, except share data) | ||
| Cash and cash equivalents: | ||
| Cash and due from banks | $214,045 | $209,478 |
| Interest earning cash in other banks | 426,398 | 350,581 |
| Total cash and cash equivalents | 640,443 | 560,059 |
| Interest earning deposits in other financial institutions | 7,936 | — |
| Investment securities available for sale (“AFS”), at fair value | 1,946,810 | 1,833,082 |
| Investment securities held to maturity (“HTM”), at amortized cost; fair value of $216,827 and $227,024 at June 30, 2026 and December 31, 2025, respectively | 232,443 | 239,782 |
| Equity investments | 45,250 | 42,476 |
| Loans held for sale, at lower of cost or fair value | 92,667 | 86,905 |
| Loans receivable, net of allowance for credit losses of $153,218 and $156,661 at June 30, 2026 and December 31, 2025, respectively | 14,788,302 | 14,544,351 |
| Federal Home Loan Bank (“FHLB”) stock, at cost | 17,250 | 17,700 |
| Premises and equipment, net | 69,968 | 69,589 |
| Accrued interest receivable | 53,592 | 52,211 |
| Deferred tax assets, net | 185,746 | 184,389 |
| Bank owned life insurance (“BOLI”) | 142,058 | 140,724 |
| Investments in affordable housing partnerships | 31,689 | 27,941 |
| Operating lease right-of-use assets (“ROU”), net | 54,581 | 57,443 |
| Goodwill | 484,129 | 480,916 |
| Core deposit intangible assets, net | 42,761 | 45,022 |
| Servicing assets, net | 14,654 | 12,954 |
| Other assets | 141,637 | 136,082 |
| Total assets | $18,991,916 | $18,531,626 |
(Continued)
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
| (Unaudited) | ||
|---|---|---|
| June 30,2026 | December 31,2025 | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY · (Dollars in thousands, except share data) | ||
| LIABILITIES: | ||
| Deposits: | ||
| Noninterest bearing | $3,548,452 | $3,371,759 |
| Interest bearing: | ||
| Money market and NOW accounts | 5,066,860 | 4,700,146 |
| Savings deposits | 1,012,868 | 1,156,227 |
| Time deposits | 6,248,363 | 6,375,011 |
| Total deposits | 15,876,543 | 15,603,143 |
| FHLB borrowings | 472,000 | 284,922 |
| Convertible notes and subordinated debentures, net | 111,675 | 110,962 |
| Accrued interest payable | 63,865 | 78,310 |
| Operating lease liabilities | 56,041 | 59,258 |
| Other liabilities | 115,940 | 111,763 |
| Total liabilities | $16,696,064 | $16,248,358 |
| Commitments and contingent liabilities (Note 9) | ||
| STOCKHOLDERS’ EQUITY: | ||
| Common stock, $0.001 par value; 300,000,000 and 300,000,000 authorized shares at June 30, 2026 and December 31, 2025, respectively: issued and outstanding 145,897,397 and 127,741,836 shares, respectively, at June 30, 2026, and issued and outstanding 145,584,490 and 128,201,655 shares, respectively, at December 31, 2025 | $146 | $146 |
| Additional paid-in capital | 1,525,555 | 1,523,702 |
| Retained earnings | 1,199,120 | 1,172,394 |
| Treasury stock, at cost; 18,155,561 and 17,382,835 shares at June 30, 2026 and December 31, 2025, respectively | (273,384) | (264,667) |
| Accumulated other comprehensive loss, net | (155,585) | (148,307) |
| Total stockholders’ equity | 2,295,852 | 2,283,268 |
| Total liabilities and stockholders’ equity | $18,991,916 | $18,531,626 |
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (Dollars in thousands, except per share data) | ||||
| INTEREST INCOME: | ||||
| Interest and fees on loans | $211,378 | $211,363 | $417,297 | $406,324 |
| Interest on investment securities | 20,359 | 17,769 | 39,577 | 33,661 |
| Interest on cash and deposits at other banks | 3,808 | 8,783 | 7,586 | 13,988 |
| Interest on other investments | 632 | 1,177 | 1,861 | 2,285 |
| Total interest income | 236,177 | 239,092 | 466,321 | 456,258 |
| INTEREST EXPENSE: | ||||
| Interest on deposits | 101,785 | 118,852 | 203,240 | 232,437 |
| Interest on FHLB borrowings | 3,180 | 364 | 5,588 | 720 |
| Interest on other debt | 2,243 | 2,421 | 4,467 | 4,829 |
| Total interest expense | 107,208 | 121,637 | 213,295 | 237,986 |
| NET INTEREST INCOME | 128,969 | 117,455 | 253,026 | 218,272 |
| PROVISION FOR CREDIT LOSSES | 6,770 | 11,092 | 15,420 | 15,892 |
| NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES | 122,199 | 106,363 | 237,606 | 202,380 |
| NONINTEREST INCOME: | ||||
| Service fees on deposit accounts | 3,395 | 3,106 | 6,730 | 6,027 |
| International service, wire transfer and foreign currency fees | 1,982 | 1,590 | 4,237 | 3,543 |
| Other customer-driven income and fees | 5,739 | 4,733 | 10,616 | 8,479 |
| Net gains on sales of SBA loans | 4,447 | 3,998 | 7,713 | 7,129 |
| Net gains (losses) on sales of investment securities AFS | 1,172 | (38,856) | 1,776 | (38,856) |
| Other noninterest income | 2,115 | 2,473 | 4,745 | 6,410 |
| Total noninterest income (loss) | 18,850 | (22,956) | 35,817 | (7,268) |
| NONINTEREST EXPENSE: | ||||
| Salaries and employee benefits | 56,901 | 52,834 | 113,124 | 101,294 |
| Occupancy, furniture and equipment | 11,353 | 11,093 | 21,919 | 19,929 |
| Software and subscriptions | 7,144 | 6,067 | 13,429 | 10,655 |
| Data and item processing | 3,206 | 3,143 | 6,774 | 5,505 |
| Amortization of investments in affordable housing partnerships | 2,554 | 2,430 | 5,028 | 4,391 |
| Federal Deposit Insurance Corporation (“FDIC”) assessments | 2,783 | 2,488 | 5,597 | 4,990 |
| FDIC special assessment (reversal) | — | — | (58) | — |
| Earned interest credit expense | 2,501 | 3,310 | 4,884 | 6,397 |
| Merger-related costs | 2,058 | 17,281 | 2,292 | 19,800 |
| Other noninterest expense | 9,964 | 10,827 | 19,930 | 20,373 |
| Total noninterest expense | 98,464 | 109,473 | 192,919 | 193,334 |
| INCOME (LOSS) BEFORE INCOME TAXES | 42,585 | (26,066) | 80,504 | 1,778 |
| INCOME TAX PROVISION (BENEFIT) | 9,554 | (1,316) | 17,933 | 5,432 |
| NET INCOME (LOSS) | $33,031 | $(24,750) | $62,571 | $(3,654) |
| EARNINGS (LOSS) PER COMMON SHARE | ||||
| Basic | $0.26 | $(0.19) | $0.49 | $(0.03) |
| Diluted | $0.26 | $(0.19) | $0.49 | $(0.03) |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| (Dollars in thousands) | ||||
| Net income (loss) | $33,031 | $(24,750) | $62,571 | $(3,654) |
| Other comprehensive (loss) income: | ||||
| Change in unrealized net holding (losses) gains on securities AFS | (4,679) | 10,480 | (13,398) | 43,185 |
| Change in unrealized net holding gains (losses) on interest rate contracts used in cash flow hedges | 855 | (856) | 3,642 | (2,040) |
| Reclassification adjustments for net (gains) losses realized in net income (loss) | (392) | 38,475 | (190) | 37,420 |
| Tax effect | 1,026 | (13,191) | 2,668 | (22,097) |
| Other comprehensive (loss) income, net of tax | (3,190) | 34,908 | (7,278) | 56,468 |
| Total comprehensive income | $29,841 | $10,158 | $55,293 | $52,814 |
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
| Common stock · Additional paid-in capital · Retained earnings · Treasury stock · Accumulated other comprehensive loss, net · Totalstockholders’ equity | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||||||
| (Dollars in thousands, except share and per share data) | |||||||||||
| BALANCE, MARCH 31, 2025 | 121,074,988 | $138 | $1,445,153 | $1,185,721 | $(264,667) | $(206,312) | $2,160,033 | ||||
| Issuance of shares pursuant to various stock plans, net of forfeitures and tax withholding cancellations | 72,716 | 1 | 1 | ||||||||
| Stock-based compensation, net of tax settlements | 1,657 | 1,657 | |||||||||
| Issuance of shares in exchange for Territorial Bancorp Inc. (“Territorial”) common stock | 6,976,754 | 7 | 73,319 | 73,326 | |||||||
| Cash dividends declared on common stock ($0.14 per share) | (17,927) | (17,927) | |||||||||
| Comprehensive income: | |||||||||||
| Net loss | (24,750) | (24,750) | |||||||||
| Other comprehensive income | 34,908 | 34,908 | |||||||||
| BALANCE, JUNE 30, 2025 | 128,124,458 | $146 | $1,520,129 | $1,143,044 | $(264,667) | $(171,404) | $2,227,248 | ||||
| BALANCE, MARCH 31, 2026 | 127,822,689 | $146 | $1,523,015 | $1,183,986 | $(271,372) | $(152,395) | $2,283,380 | ||||
| Issuance of shares pursuant to various stock plans, net of forfeitures and tax withholding cancellations | 87,712 | — | |||||||||
| Stock-based compensation, net of tax settlements | 2,540 | 2,540 | |||||||||
| Cash dividends declared on common stock ($0.14 per share) | (17,897) | (17,897) | |||||||||
| Comprehensive income: | |||||||||||
| Net income | 33,031 | 33,031 | |||||||||
| Other comprehensive loss | (3,190) | (3,190) | |||||||||
| Repurchase of treasury stock | (168,565) | (2,012) | (2,012) | ||||||||
| BALANCE, JUNE 30, 2026 | 127,741,836 | $146 | $1,525,555 | $1,199,120 | $(273,384) | $(155,585) | $2,295,852 | ||||
(Continued)
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
| Common stock · Additional paid-in capital · Retained earnings · Treasury stock · Accumulated other comprehensive loss, net · Totalstockholders’ equity | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount | |||||||||||
| (Dollars in thousands, except share and per share data) | |||||||||||
| BALANCE, DECEMBER 31, 2024 | 120,755,658 | $138 | $1,445,373 | $1,181,533 | $(264,667) | $(227,872) | $2,134,505 | ||||
| Issuance of shares pursuant to various stock plans, net of forfeitures and tax withholding cancellations | 392,046 | 1 | 1 | ||||||||
| Stock-based compensation, net of tax settlements | 1,437 | 1,437 | |||||||||
| Issuance of shares in exchange for Territorial common stock | 6,976,754 | 7 | 73,319 | 73,326 | |||||||
| Cash dividends declared on common stock ($0.28 per share) | (34,835) | (34,835) | |||||||||
| Comprehensive income: | |||||||||||
| Net loss | (3,654) | (3,654) | |||||||||
| Other comprehensive income | 56,468 | 56,468 | |||||||||
| BALANCE, JUNE 30, 2025 | 128,124,458 | $146 | $1,520,129 | $1,143,044 | $(264,667) | $(171,404) | $2,227,248 | ||||
| BALANCE, DECEMBER 31, 2025 | 128,201,655 | $146 | $1,523,702 | $1,172,394 | $(264,667) | $(148,307) | $2,283,268 | ||||
| Issuance of shares pursuant to various stock plans, net of forfeitures and tax withholding cancellations | 312,907 | — | |||||||||
| Stock-based compensation, net of tax settlements | 1,853 | 1,853 | |||||||||
| Cash dividends declared on common stock ($0.28 per share) | (35,845) | (35,845) | |||||||||
| Comprehensive income: | |||||||||||
| Net income | 62,571 | 62,571 | |||||||||
| Other comprehensive loss | (7,278) | (7,278) | |||||||||
| Repurchase of treasury stock | (772,726) | (8,717) | (8,717) | ||||||||
| BALANCE, JUNE 30, 2026 | 127,741,836 | $146 | $1,525,555 | $1,199,120 | $(273,384) | $(155,585) | $2,295,852 | ||||
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (Dollars in thousands) | ||
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) | $62,571 | $(3,654) |
| Adjustments to reconcile net income (loss) to net cash from operating activities: | ||
| Discount accretion, net of depreciation and amortization | 28,196 | 18,122 |
| Stock-based compensation expense | 3,712 | 3,572 |
| Provision for credit losses | 15,420 | 15,892 |
| Gains on BOLI | (1,335) | (1,101) |
| Net gains on sales of loans | (8,220) | (8,998) |
| Net change in fair value of derivatives | (5,332) | (3,243) |
| Net (gains) losses on sales of investment securities AFS | (1,776) | 38,856 |
| Net change in deferred income taxes | (1,909) | 409 |
| Proceeds from sales of loans held for sale | 174,229 | 85,510 |
| Originations of loans held for sale | (160,057) | (66,870) |
| Originations of servicing assets | (3,560) | (3,430) |
| Net change in accrued interest receivable | (1,381) | 2,798 |
| Net change in other assets | 11,877 | 6,081 |
| Net change in accrued interest payable | (14,445) | (22,724) |
| Net change in other liabilities | (23,774) | (25,299) |
| Net cash provided by operating activities | 74,216 | 35,921 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Investment in interest earning deposits in other financial institutions | (8,184) | — |
| Redemption of interest earning deposits in other financial institutions | 248 | — |
| Investment securities available for sale: | ||
| Purchase of securities | (493,279) | (686,655) |
| Proceeds from matured, called, or paid-down securities | 210,757 | 112,547 |
| Proceeds from sales of securities | 156,047 | 953,057 |
| Investment securities held to maturity: | ||
| Proceeds from matured, called, or paid-down securities | 8,930 | 6,787 |
| Equity investments: | ||
| Purchase of investments | (2,934) | (47,597) |
| Proceeds from redemptions of investments | 114 | 134 |
| Proceeds from sales of loans held for sale previously classified as held for investment | 62,026 | 108,662 |
| Net change in loans receivable | (325,633) | 119,173 |
| Redemption of FHLB and Federal Reserve Bank ("FRB") stock | 450 | 10,347 |
| Purchase of premises and equipment | (6,423) | (5,148) |
| Proceeds from BOLI death benefits | — | 964 |
| Investments in affordable housing partnerships | (8,776) | (2,824) |
| Investments in renewable energy tax credits | (4,969) | — |
| Proceeds from terminations of derivatives | 3,815 | — |
| Net cash received from the acquisition of Territorial | — | 86,696 |
| Net cash (used in) provided by investing activities | (407,811) | 656,143 |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net change in deposits | 273,400 | (54,560) |
| Proceeds from FHLB advances | 322,000 | 100,000 |
| Repayment of FHLB advances | (135,000) | (330,000) |
| Proceeds from FRB borrowings | 212,000 | 172,100 |
| Repayment of FRB borrowings | (212,000) | (311,100) |
| Purchase of treasury stock | (8,717) | — |
| Cash dividends paid on common stock | (35,845) | (34,835) |
| Taxes paid in net settlement of restricted stock | (1,859) | (2,135) |
| Issuance of additional stock pursuant to various stock plans | — | 1 |
| Net cash provided by (used in) financing activities | 413,979 | (460,529) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 80,384 | 231,535 |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 560,059 | 458,199 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $640,443 | $689,734 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | ||
| Cash paid for interest | $226,949 | $261,049 |
| Cash paid for income taxes, net | 5,316 | 1,799 |
| SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES | ||
| Transfer from loans receivable to loans held for sale | 74,584 | 115,879 |
| Transfer from loans held for sale to loans receivable | 125 | — |
| Lease liabilities arising from obtaining ROU assets | 5,501 | 3,297 |
| New commitments to fund investments in renewable energy tax credits | 25,000 | — |
| Merger with Territorial (See Note 15 - “Acquisitions”): | ||
| Identifiable assets acquired, net of cash | (3,213) | 1,844,093 |
| Liabilities assumed | — | 1,871,117 |
| Goodwill | 3,213 | 13,654 |
| Issuance of common stock as consideration | — | 73,326 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.