Hope Bancorp, Inc. (HOPE) Tops Q1 EPS by 11c

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Go back to Hope Bancorp, Inc. (HOPE) Tops Q1 EPS by 11c

Hope Bancorp Reports 2022 First Quarter Financial Results

April 18, 2022 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 first quarter ended March 31, 2022.

For the three months ended March 31, 2022, net income increased 18% to $60.7 million, or $0.50 per diluted common share, from $51.6 million, or $0.43 per diluted common share, in the 2021 fourth quarter and increased 39% from $43.7 million, or $0.35 per diluted common share, in the year-ago first quarter.

For the three months ended March 31, 2022, we delivered a strong quarter of profitability that is reflective of the strategic actions taken... More