Hope Bancorp, Inc. · NASDAQ:HOPE
Hope Bancorp — Q2 2018 Earnings Presentation
11 slides from Hope Bancorp's earnings presentation, Jul 18, 2018
Slide 1: 2018 Second Quarter Earnings Conference Call
2018 Second Quarter Earnings Conference Call Wednesday, July 18, 2018 1
Slide 2: Forward Looking Statements & Additional Disclosures
Forward Looking Statements & Additional Disclosures This presentation may contain statements regarding future events or the future financial performance of the Company that constitute forward‐looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
Slide 3: Q2 2018 Financial Highlights
Q2 2018 Financial Highlights Net income of $47.5 million reflects 17% increase versus prior‐year Q2 Net EPS $0.36 per diluted common share up 20% over Q2 2017 Solid Net income decline Q‐o‐Q due to positive impact in Q1 2018 from increase in an equity investment Income Excluding 4bps impact f
Slide 4: Loan Production & Portfolio Trends
Loan Production & Portfolio Trends Total end‐of‐period loans receivable increased New Loan Originations Funded $379.0 million or 3% Q‐o‐Q and 13% annualized 4.79% YTD loan growth of 5%; on track to meet or exceed ($ millions) 4.56% 4.64% 4.40% 4.42% 4.15% 4.26% the higher end of targeted loan gr
Slide 5: Deposit Growth Trends and Deposit Composition
Deposit Growth Trends Deposit Composition Total end‐of‐period deposits increased 2% Q‐o‐Q to a record $11.73 billion ($ billions) $11.73 $11.51 With outlook for continued rate hikes, prudently $10.96 $10.99 building liquidity ahead of the curve to support $10.70 $10.64 $10.70 $10.85 robust loan
Slide 6: Net Interest Income and Margin
Net Interest Income and Margin Key Net Interest Income Drivers Net Interest Income & NIM Average Loans & Yield ($ millions) ($ billions) $11.4 $126.4 $122.8 $10.4 $10.4 $10.5 $10.7 $10.9 $11.1 $117.2 $116.8 $123.3 $120.1 $114.9 $9.7 $12.1 $8.5 $9.3 $103.5 $8.8 $10.0 $8.8 $8.4 $20.0 5.16% 5.07% 5.12%
Slide 7: Noninterest Income
Noninterest Income Noninterest Income ($ millions) $19.85 $18.19 $17.63 $16.12 $16.25 $16.45 $15.27 Total noninterest income decreased $4.6 million or 23% Q‐o‐Q to $15.3 million $14.15 $7.53 $10.40 $8.60 $6.62 $7.32 $7.27 $6.75 Quarter‐over‐Quarter Difference $6.71 $1.40 Other income and fees de
Slide 8: Noninterest Expense and Efficiency
Noninterest Expense and Efficiency Noninterest Expense and Efficiency Ratio Breakdown of Noninterest Expense and FTE ($ millions) $73.0 $71.6 ($ millions) $67.8 $66.7 $67.7 $68.4 $64.0 $61.8 $33.3 $31.1 $37.4 $32.6 $33.5 $29.0 $29.1 $25.9 57.68% 1,502 1,491 1,463 1,470 FTE 1,400 FTE FTE 51.09% 51.12
Slide 9: Asset Quality
Asset Quality Nonperforming Assets Provision Expense & Net Charge Offs ($ millions) ($ millions) $6.5 $8.3 $8.7 $5.6 $5.4 $21.8 $17.2 $10.8 $129.6 $27.5 $120.5 $22.0 $19.1 $114.4 $102.5 $108.5 0.24% $3.6 $89.5 $89.3 $86.3 $2.8 $2.5 0.90% 0.95% 0.13% $2.3 0.87% 0.83% 0.89% 0.88% 0.87% 0.10% 0.78% 0.0
Slide 10: Near-Term Outlook & Strategies
Near-Term Outlook & Strategies Continuation of positive trends from first half of 2018 Well positioned to meet or exceed loan growth guidance of 6‐8% for 2018 – Year‐to‐date loan growth of 5% – Supported by strong pipeline entering the second half Anticipate stable net interest margin for 2018
Slide 11: Earnings Conference Call Q&A
2018 First Quarter Earnings Conference Call Q&A 11