HOPE BANCORP INC

For the period ended Sep 30, 2026. Filed Nov 6, 2026.

About this filing

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.

Sep 30, 2026 · Filed Nov 6, 2026

HOPE$13.36+1.4%Stored close · as of Nov 9, 2026

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Contents

Item 1. FINANCIAL STATEMENTS

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Unaudited)
	September 30,2026	December 31,2025
ASSETS · (Dollars in thousands, except share data)
Cash and cash equivalents:
Cash and due from banks	$213,286	$209,478
Interest earning cash in other banks	278,608	350,581
Total cash and cash equivalents	491,894	560,059
Interest earning deposits in other financial institutions	3,472	—
Investment securities available for sale (“AFS”), at fair value	2,165,165	1,833,082
Investment securities held to maturity (“HTM”), at amortized cost; fair value of $204,666 and $227,024 at September 30, 2026 and December 31, 2025, respectively	230,273	239,782
Equity investments	45,393	42,476
Loans held for sale, at lower of cost or fair value	67,371	86,905
Loans receivable, net of allowance for credit losses of $154,325 and $156,661 at September 30, 2026 and December 31, 2025, respectively	14,896,149	14,544,351
Federal Home Loan Bank (“FHLB”) stock, at cost	17,250	17,700
Premises and equipment, net	74,115	69,589
Accrued interest receivable	55,392	52,211
Deferred tax assets, net	210,694	184,389
Bank owned life insurance (“BOLI”)	142,917	140,724
Investments in affordable housing partnerships	31,093	27,941
Operating lease right-of-use assets (“ROU”), net	51,302	57,443
Goodwill	484,129	480,916
Core deposit intangible assets, net	41,868	45,022
Servicing assets, net	15,833	12,954
Other assets	165,178	136,082
Total assets	$19,189,488	$18,531,626

(Continued)

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(Unaudited)
	September 30,2026	December 31,2025
LIABILITIES AND STOCKHOLDERS’ EQUITY · (Dollars in thousands, except share data)
LIABILITIES:
Deposits:
Noninterest bearing	$3,501,963	$3,371,759
Interest bearing:
Money market and NOW accounts	5,730,882	4,700,146
Savings deposits	977,218	1,156,227
Time deposits	5,906,106	6,375,011
Total deposits	16,116,169	15,603,143
FHLB borrowings	374,000	284,922
Convertible notes and subordinated debentures, net	112,040	110,962
Accrued interest payable	62,823	78,310
Operating lease liabilities	52,428	59,258
Other liabilities	214,570	111,763
Total liabilities	$16,932,030	$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 September 30, 2026 and December 31, 2025, respectively: issued and outstanding 145,913,988 and 127,758,427 shares, respectively, at September 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	1,528,289	1,523,702
Retained earnings	1,216,813	1,172,394
Treasury stock, at cost; 18,155,561 and 17,382,835 shares at September 30, 2026 and December 31, 2025, respectively	(273,384)	(264,667)
Accumulated other comprehensive loss, net	(214,406)	(148,307)
Total stockholders’ equity	2,257,458	2,283,268
Total liabilities and stockholders’ equity	$19,189,488	$18,531,626

CONSOLIDATED STATEMENTS OF INCOME

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
(Dollars in thousands, except per share data)
INTEREST INCOME:
Interest and fees on loans	$218,216	$216,774	$635,513	$623,098
Interest on investment securities	21,631	21,467	61,208	55,128
Interest on cash and deposits at other banks	4,051	5,273	11,637	19,261
Interest on other investments	1,260	1,186	3,121	3,471
Total interest income	245,158	244,700	711,479	700,958
INTEREST EXPENSE:
Interest on deposits	103,493	115,425	306,733	347,862
Interest on FHLB borrowings	4,018	273	9,606	993
Interest on other debt	2,282	2,445	6,749	7,274
Total interest expense	109,793	118,143	323,088	356,129
NET INTEREST INCOME	135,365	126,557	388,391	344,829
PROVISION FOR CREDIT LOSSES	8,560	8,710	23,980	24,602
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	126,805	117,847	364,411	320,227
NONINTEREST INCOME:
Service fees on deposit accounts	3,439	3,235	10,169	9,262
International service, wire transfer and foreign currency fees	1,861	2,122	6,098	5,665
Other customer-driven income and fees	6,471	3,814	17,087	12,293
Net gains on sales of SBA loans	4,674	2,774	12,387	9,903
Net gains (losses) on sales of investment securities AFS	—	—	1,776	(38,856)
Other noninterest income	5,667	3,440	10,412	9,850
Total noninterest income	22,112	15,385	57,929	8,117
NONINTEREST EXPENSE:
Salaries and employee benefits	58,697	54,910	171,821	156,204
Occupancy, furniture and equipment	11,737	11,596	33,656	31,525
Software and subscriptions	7,533	6,337	20,962	16,992
Data and item processing	3,240	3,346	10,014	8,851
Amortization of investments in affordable housing partnerships	2,740	3,216	7,768	7,607
Federal Deposit Insurance Corporation (“FDIC”) assessments	2,622	2,942	8,219	7,932
FDIC special assessment (reversal)	—	—	(58)	—
Earned interest credit expense	3,109	3,529	7,993	9,926
Merger-related costs	2,650	958	4,942	20,758
Other noninterest expense	10,466	10,027	30,396	30,400
Total noninterest expense	102,794	96,861	295,713	290,195
INCOME BEFORE INCOME TAXES	46,123	36,371	126,627	38,149
INCOME TAX PROVISION	10,546	5,595	28,479	11,027
NET INCOME	$35,577	$30,776	$98,148	$27,122
EARNINGS PER COMMON SHARE
Basic	$0.28	$0.24	$0.77	$0.22
Diluted	$0.28	$0.24	$0.76	$0.22

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

	Three Months Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
(Dollars in thousands)
Net income	$35,577	$30,776	$98,148	$27,122
Other comprehensive (loss) income:
Change in unrealized net holding (losses) gains on securities AFS	(83,069)	23,909	(96,467)	67,094
Change in unrealized net holding gains (losses) on interest rate contracts used in cash flow hedges	19	367	3,661	(1,673)
Reclassification adjustments for net losses (gains) realized in net income	607	(126)	417	37,294
Tax effect	23,622	(6,808)	26,290	(28,905)
Other comprehensive (loss) income, net of tax	(58,821)	17,342	(66,099)	73,810
Total comprehensive (loss) income	$(23,244)	$48,118	$32,049	$100,932

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, JUNE 30, 2025	128,124,458	$146		$1,520,129		$1,143,044		$(264,667)	$(171,404)	$2,227,248
Issuance of shares pursuant to various stock plans, net of forfeitures and tax withholding cancellations	60,813						—
Stock-based compensation, net of tax settlements		1,540					1,540
Cash dividends declared on common stock ($0.14 per share)			(17,946)				(17,946)
Comprehensive income:
Net income			30,776				30,776
Other comprehensive income					17,342		17,342
BALANCE, SEPTEMBER 30, 2025	128,185,271	$146		$1,521,669		$1,155,874		$(264,667)	$(154,062)	$2,258,960
BALANCE, JUNE 30, 2026	127,741,836	$146		$1,525,555		$1,199,120		$(273,384)	$(155,585)	$2,295,852
Issuance of shares pursuant to various stock plans, net of forfeitures and tax withholding cancellations	16,591						—
Stock-based compensation, net of tax settlements		2,734					2,734
Cash dividends declared on common stock ($0.14 per share)			(17,884)				(17,884)
Comprehensive loss:
Net income			35,577				35,577
Other comprehensive loss					(58,821)		(58,821)
BALANCE, SEPTEMBER 30, 2026	127,758,427	$146		$1,528,289		$1,216,813		$(273,384)	$(214,406)	$2,257,458

(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	452,859	1							1
Stock-based compensation, net of tax settlements			2,977					2,977
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 ($0.42 per share)				(52,781)				(52,781)
Comprehensive income:
Net income				27,122				27,122
Other comprehensive income						73,810		73,810
BALANCE, SEPTEMBER 30, 2025	128,185,271	$146		$1,521,669	$1,155,874		$(264,667)			$(154,062)	$2,258,960
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	329,498							—
Stock-based compensation, net of tax settlements			4,587					4,587
Cash dividends declared on common stock ($0.42 per share)				(53,729)				(53,729)
Comprehensive income:
Net income				98,148				98,148
Other comprehensive loss						(66,099)		(66,099)
Repurchase of treasury stock	(772,726)				(8,717)				(8,717)
BALANCE, SEPTEMBER 30, 2026	127,758,427	$146		$1,528,289	$1,216,813		$(273,384)			$(214,406)	$2,257,458

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Nine Months Ended September 30,
	2026	2025
(Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$98,148	$27,122
Adjustments to reconcile net income to net cash from operating activities:
Discount accretion, net of depreciation and amortization	43,592	46,463
Stock-based compensation expense	6,576	5,557
Provision for credit losses	23,980	24,602
Gains on BOLI	(2,267)	(1,795)
Net gains on sales of loans	(16,203)	(11,921)
Net change in fair value of derivatives	(4,384)	(5,565)
Net (gains) losses on sales of investment securities AFS	(1,776)	38,856
Net change in deferred income taxes	(3,234)	7,929
Proceeds from sales of loans held for sale	263,799	125,016
Originations of loans held for sale	(214,432)	(115,388)
Originations of servicing assets	(5,570)	(4,807)
Net change in accrued interest receivable	(3,181)	3,228
Net change in other assets	(7,538)	(13,504)
Net change in accrued interest payable	(15,487)	(20,352)
Net change in other liabilities	65,576	(17,389)
Net cash provided by operating activities	227,599	88,052
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	4,712	—
Investment securities available for sale:
Purchase of securities	(833,415)	(717,526)
Proceeds from matured, called, or paid-down securities	249,909	166,341
Proceeds from sales of securities	156,047	953,057
Investment securities held to maturity:
Proceeds from matured, called, or paid-down securities	11,797	11,429
Equity investments:
Purchase of investments	(3,243)	(47,945)
Proceeds from sales of loans held for sale previously classified as held for investment	112,664	137,185
Net change in loans receivable	(490,902)	(70,692)
Redemption of FHLB and Federal Reserve Bank ("FRB") stock	450	11,247
Purchase of premises and equipment	(13,680)	(9,710)
Proceeds from BOLI death benefits	75	2,809
Investments in affordable housing partnerships	(10,920)	(5,192)
Investments in renewable energy tax credits	(12,813)	(7,223)
Proceeds from terminations of derivatives	3,815	—
Proceeds from sales of OREO	333	—
Net cash received from the acquisition of Territorial	—	86,696
Net cash (used in) provided by investing activities	(833,355)	510,476
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits	513,026	(172,458)
Proceeds from FHLB advances	374,000	115,000
Repayment of FHLB advances	(285,000)	(350,000)
Proceeds from FRB borrowings	429,000	238,200
Repayment of FRB borrowings	(429,000)	(377,200)
Purchase of treasury stock	(8,717)	—
Cash dividends paid on common stock	(53,729)	(52,781)
Taxes paid in net settlement of restricted stock	(1,989)	(2,580)
Issuance of additional stock pursuant to various stock plans	—	1
Net cash provided by (used in) financing activities	537,591	(601,818)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(68,165)	(3,290)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	560,059	458,199
CASH AND CASH EQUIVALENTS, END OF PERIOD	$491,894	$454,909
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest	$337,419	$376,347
Cash paid for income taxes, net	6,736	1,799
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES
Transfer from loans receivable to OREO	$661	$—
Transfer from loans receivable to loans held for sale	131,761	153,609
Transfer from loans held for sale to loans receivable	4,631	—
Transfer from premises and equipment to premises held for sale	—	1,526
Lease liabilities arising from obtaining ROU assets	6,412	5,356
New commitments to fund investments in renewable energy tax credits	23,308	46,195
Merger with Territorial:
Identifiable assets acquired, net of cash	(3,213)	1,843,867
Liabilities assumed	—	1,871,117
Goodwill	3,213	13,880
Issuance of common stock as consideration	—	73,326

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