Hope Bancorp, Inc. (HOPE)

Hope Bancorp Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	854.35	892.56	660.73	528.17	554.97	627.67
Interest Income on Investments	142.23	156.32	55.38	38.36	43.91	57.11
Total Interest Income	996.58	1,049	716.12	566.53	598.88	684.79
Interest Paid on Deposits	495.11	441.23	114.84	42.01	110.37	190.16
Interest Paid on Borrowings	49.84	81.79	22.86	11.75	21.01	28.03
Total Interest Expense	544.95	523.02	137.69	53.76	131.38	218.19
Net Interest Income	451.63	525.86	578.42	512.77	467.5	466.6
Net Interest Income Growth (YoY)	-17.95%	-9.09%	12.80%	9.68%	0.19%	-4.37%
Gain (Loss) on Sale of Investments	-0.74	-	-	-	8.02	1.57
Other Non-Interest Income	30.96	31.72	25.23	23.44	24.97	25.69
Total Non-Interest Income	39.82	45.58	51.4	43.59	53.43	49.68
Non-Interest Income Growth (YoY)	-18.12%	-11.32%	17.90%	-18.41%	7.55%	-17.44%
Revenues Before Loan Losses	491.45	571.44	629.82	556.36	520.93	516.28
Provision for Loan Losses	7.19	29.1	9.6	-12.2	95	7.3
Revenue	484.26	542.34	620.22	568.56	425.93	508.98
Revenue Growth (YoY)	-13.79%	-12.56%	9.08%	33.49%	-16.32%	-4.54%
Salaries and Employee Benefits	173.14	195.53	192.46	166.75	154.8	155.89
Federal Deposit Insurance	15.93	17.27	6.25	5.11	5.54	3.88
Selling, General & Administrative	79.54	80.66	76.96	77.87	78.39	94.05
Other Non-Interest Expense	54.79	51.23	39.76	30.34	21.95	20.44
Total Non-Interest Expense	331.6	352.88	324.17	291.15	277.69	282.63
EBT Excluding Unusual Items	152.67	189.46	296.05	277.42	148.24	226.35
Asset Writedown	-	-	-	-2.15	-	-
Other Unusual Items	-0.41	-	-	-	-3.58	-
Pretax Income	136.14	177.89	296.05	275.27	142.29	226.35
Income Tax Expense	34.37	44.21	77.77	70.7	30.78	55.31
Net Income	101.77	133.67	218.28	204.57	111.52	171.04
Net Income to Common	101.77	133.67	218.28	204.57	111.52	171.04
Net Income Growth	-35.95%	-38.76%	6.70%	83.45%	-34.80%	-9.78%
Basic Shares Outstanding	120	120	120	122	124	127
Diluted Shares Outstanding	121	120	120	123	124	127
Shares Change (YoY)	0.64%	-0.07%	-2.16%	-0.61%	-2.35%	-3.85%
EPS (Basic)	0.85	1.11	1.82	1.67	0.90	1.35
EPS (Diluted)	0.84	1.11	1.81	1.66	0.90	1.35
EPS Growth	-36.33%	-38.67%	9.04%	84.44%	-33.33%	-6.21%
Dividend Per Share	0.560	0.560	0.560	0.560	0.560	0.560
Dividend Growth	0%	0%	0%	0%	0%	1.82%
Effective Tax Rate	25.24%	24.86%	26.27%	25.68%	21.63%	24.44%

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