Earnings Releases·Oct 28, 2026, 7:45 AM ET

Hope Bancorp — Third Quarter 2026 Earnings Summary

Net income rose 8% sequentially to $35.6 million ($0.28/share) and 16% year-over-year to $35.6 million, while noninterest income surged 17% sequentially and 44% year-over-year to $22.1 million, driven by $4.7 million in net gains on SBA loan sales.
The company completed the acquisition of the SMBC MANUBANK Commercial Banking Unit on October 1, 2026, adding $2.20 billion in loans and $2.60 billion in deposits, with a net cash settlement of $307.4 million received from the seller.
Operating efficiency improved as the efficiency ratio fell to 65.3% (63.6% excluding notable items), supported by a 5% sequential increase in net interest income to $135.4 million and a shift in deposit mix away from time deposits to lower-cost funding.
Management expressed confidence in sustainable earnings growth for 2027 and beyond, citing strategic benefits from the SMBC collaboration, though they noted integration risks including potential operating costs and deposit attrition.
Total assets reached $19.19 billion with gross loans up 3% year-over-year to $15.12 billion, while the allowance for credit losses coverage ratio stood at 1.03% and the company paid a $0.14 per share quarterly dividend.