Hope Bancorp, Inc. (HOPE)

Hope Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	837.16	892.56	660.73	528.17	554.97
Interest Income on Investments	116.82	156.32	55.38	38.36	43.91
Total Interest Income	953.98	1,049	716.12	566.53	598.88
Interest Paid on Deposits	495.45	441.23	114.84	42.01	110.37
Interest Paid on Borrowings	30.68	81.79	22.86	11.75	21.01
Total Interest Expense	526.13	523.02	137.69	53.76	131.38
Net Interest Income	427.85	525.86	578.42	512.77	467.5
Net Interest Income Growth (YoY)	-18.64%	-9.09%	12.80%	9.68%	0.19%
Gain (Loss) on Sale of Assets	1.01	-	-	-	-
Gain (Loss) on Sale of Investments	0.94	-	-	-	8.02
Other Non-Interest Income	26.64	31.72	25.23	23.44	24.97
Total Non-Interest Income	47.08	45.58	51.4	43.59	53.43
Non-Interest Income Growth (YoY)	3.29%	-11.32%	17.90%	-18.41%	7.55%
Revenues Before Loan Losses	474.93	571.44	629.82	556.36	520.93
Provision for Loan Losses	17.28	29.1	9.6	-12.2	95
Revenue	457.65	542.34	620.22	568.56	425.93
Revenue Growth (YoY)	-15.62%	-12.56%	9.08%	33.49%	-16.32%
Salaries and Employee Benefits	177.86	195.53	192.46	166.75	154.8
Federal Deposit Insurance	11.5	17.27	6.25	5.11	5.54
Selling, General & Administrative	61.12	80.66	76.96	77.87	78.39
Other Non-Interest Expense	68.57	51.23	39.76	30.34	21.95
Total Non-Interest Expense	319.06	352.88	324.17	291.15	277.69
EBT Excluding Unusual Items	138.59	189.46	296.05	277.42	148.24
Asset Writedown	-	-	-	-2.15	-
Other Unusual Items	-	-	-	-	-3.58
Pretax Income	132.96	177.89	296.05	275.27	142.29
Income Tax Expense	33.33	44.21	77.77	70.7	30.78
Net Income	99.63	133.67	218.28	204.57	111.52
Net Income to Common	99.63	133.67	218.28	204.57	111.52
Net Income Growth	-25.47%	-38.76%	6.70%	83.45%	-34.80%
Basic Shares Outstanding	121	120	120	122	124
Diluted Shares Outstanding	121	120	120	123	124
Shares Change (YoY)	0.59%	-0.07%	-2.16%	-0.61%	-2.35%
EPS (Basic)	0.82	1.11	1.82	1.67	0.90
EPS (Diluted)	0.82	1.11	1.81	1.66	0.90
EPS Growth	-26.13%	-38.67%	9.04%	84.44%	-33.33%
Dividend Per Share	0.560	0.560	0.560	0.560	0.560
Effective Tax Rate	25.07%	24.86%	26.27%	25.68%	21.63%

Source: S&P Capital IQ. Banks template. Financial Sources.