Hope Bancorp, Inc. (HOPE) Tops Q4 EPS by 1c, Beats on Revenues

Hope Bancorp, Inc. (NASDAQ: HOPE) reported Q4 EPS of $0.32, $0.01 better than the analyst estimate of $0.31. Revenue for the quarter came in at $153.19 million versus the consensus estimate of $139.34 million.

Q4 2017 Highlights:

• Q4 net income totals $18.0 million, or $0.13 per diluted common share
• One-time incremental tax expense of $25.4 million as a result of the enactment of the Tax Cuts and Jobs Act; excluding one-time tax charge, net income would have been $43.4 million, or $0.32 per diluted common share(1)
• Residential mortgage operations originate record $193 million in new loans in Q4
• Total new loan originations of $664 million in Q4, up 9% over Q3
• Improvement in asset quality with nonaccrual loans decreasing 23% from Q3
• Total assets increase to $14.21 billion, up 6% over 2016

For earnings history and earnings-related data on Hope Bancorp, Inc. (HOPE) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c
• Silexion Therapeutics (SLXN) Tops Q2 EPS by 793c