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Hope Bancorp Reports Financial Results for the Third Quarter of 2025
Net income of $30.8 million, up 28% year-over-year LOS ANGELES--(BUSINESS WIRE)-- Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of
About this update from Hope Bancorp, Inc.
[{"type":"text","content":"\nNet income of $30.8 million, up 28% year-over-year\n\n\n LOS ANGELES--(BUSINESS WIRE)--\nHope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its third quarter ended September 30, 2025.\n\n\nFor the three months ended September 30, 2025, the Company recorded net income of $30.8 million, or $0.24 per diluted common share, up 28% from net income of $24.2 million, or $0.20 per diluted share, for the three months ended September 30, 2024, and up from a net loss of $27.9 million, or $(0.22) per diluted common share, for the three months ended June 30, 2025. The second quarter of 2025 reported loss reflected notable items related to a securities portfolio repositioning, the completion of the Territorial Bancorp Inc. (“Territorial”) acquisition on April 2, 2025, and a change to the California state tax apportionment law.\n\n\nExcluding notable items(1), net income for the third quarter of 2025 was $31.6 million, or $0.25 per diluted common share, up 26% from $25.2 million year-over-year, and up 29% from $24.5 million for the second quarter of 2025.\n\n\n“We are pleased to report strong earnings growth for the third quarter of 2025, driven by the momentum that we have been building in our business lines. Net interest income grew a robust 8% quarter-over-quarter, which was our highest linked quarter organic growth in three years,” commented Kevin S. Kim, Chairman, President and Chief Executive Officer. “In addition, positive operating leverage and lower credit costs contributed to the strong earnings growth and improved profitability this quarter.”\n\n\n“Highlights this quarter included diversified loan growth, lower cost of deposits and improved asset quality with a 10% reduction in criticized loans from June 30, 2025. We have been making sustained investments in talent at Bank of Hope to strengthen our loan production capabilities, and we remain focused on enhancing our deposit mix and reducing our cost of funds. The linked quarter net interest margin expansion of 20 basis points for the third quarter of 2025 was our widest since 2012.”\n\n\n“Our capital levels are strong, and our liquidity is ample. This quarter reflects progress that we have been making on our strategic priorities to improve our financial performance, laying a strong foun...