Hope Bancorp, Inc. (HOPE) Misses Q2 EPS by 1c

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Go back to Hope Bancorp, Inc. (HOPE) Misses Q2 EPS by 1c

Hope Bancorp Reports 2018 Second Quarter Financial Results

July 17, 2018 4:30 PM EDT

Q2 2018 Highlights:

New loan disbursements of $792.3 million, with more diversified mix of CRE, C&I and consumer loansLoans receivable of $11.67 billion reflects a 3% increase over Q1 2018Total deposits of $11.73 billion reflects a 2% increase over Q1 2018Total assets increase to $14.87 billion, up 3% over Q1 2018Q2 net income totals $47.5 million, or $0.36 per diluted common shareImproved asset quality with nonperforming loans down 7% linked quarter and net recoveries of $1.1 millionCompleted $217.5 million convertible senior notes offeringShare repurchases totaling $79.0 million reduces shares outstanding by 4.4 million shares

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