Hope Bancorp — Third Quarter 2026 Earnings Summary

Hope Bancorp reported third-quarter 2026 net income of $35.6 million, representing a 16% increase year-over-year and an 8% increase quarter-over-quarter. The company completed the acquisition of the Commercial Banking Unit of SMBC MANUBANK on October 1, 2026, adding approximately $2.2 billion in loans and $2.6 billion in deposits to its portfolio. Total assets reached $19.19 billion at the end of the quarter, while the net interest margin expanded to 3.02% driven by higher loan yields and lower deposit costs. Nonperforming assets declined to $108.5 million, and the allowance for credit losses stood at $154.3 million, maintaining a coverage ratio of 1.03% of loans receivable.