Hope Bancorp, Inc. (HOPE) Tops Q3 EPS by 6c

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Hope Bancorp Reports 2020 Third Quarter Financial Results

October 20, 2020 4:30 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Hope Bancorp, Inc. (the Company) (NASDAQ: HOPE), the holding company of Bank of Hope (the Bank), today reported unaudited financial results for its three and nine-month periods ended September 30, 2020.

For the three months ended September 30, 2020, net income totaled $30.5 million, or $0.25 per diluted common share, compared with $26.8 million, or $0.22 per diluted common share for the 2020 second quarter. In the year-ago third quarter, net income totaled $42.6 million, or $0.34 per diluted common share.

We continue to manage our business well in this most challenging operating environment as evidenced by the many positive... More