Hope Bancorp, Inc. · NASDAQ:HOPE
Hope Bancorp — Q1 2026 Earnings Presentation
23 slides from Hope Bancorp's earnings presentation, Apr 28, 2026
Slide 1: 2026 First Quarter Earnings Conference Call
2026 First Quarter Earnings Conference Call April 28, 2026
Slide 2: Forward Looking Statements & Additional Disclosures
Forward Looking Statements & Additional Disclosures Some statements in this news release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statemen
Slide 3: Q1 2026 Financial Overview
Q1 2026 Financial Overview Capital, Stockholder Returns & Strategic Acquisition • Total capital ratio was 14.07% at 03/31/26; tangible common equity (“TCE”) ratio(1) was 9.68% at 03/31/26 • Repurchased 0.5% of shares outstanding in 1Q26; quarterly common stock dividend of $0.14 per share • Announced
Slide 4: Capital Management
Hope 03/31/26 Actual Capital Management • Dividend: Quarterly common stock dividend of $0.14 per share, or $0.56 per share annualized. Equivalent to an annualized dividend yield of 5.01%, at 03/31/26 • Buybacks in 1Q26: Repurchased 604,161 shares of common stock (0.5% of shares outstanding), at an a
Slide 5: Well-Diversified Loan Portfolio, Diverse & Granular Deposit Base
Noninterest Bearing Demand Deposits Money Market, Interest Bearing Demand & Savings Deposits Time Deposits Well-Diversified Loan Portfolio, Diverse & Granular Deposit Base Loan Composition by Product Type Deposit Composition by Product Type $15.7B Total Deposits (at 03/31/26) Nonowner- Occupied CRE
Slide 6: Net Interest Income & Net Interest Margin
Net Interest Income & Net Interest Margin • 1Q26 net interest income (“NII”) of $124MM. QoQ decrease in NII reflected the impact of lower day count in 1Q and a modest decrease of 0.4% in avg. earning assets, in which avg. loans were up but other earning assets declined. 1Q26 NII up 23% YoY from $101
Slide 7: Average Loans, Deposits, Yields & Rates
$11.1 $12.6 $12.4 $12.3 $12.2 $3.4 $3.5 $3.5 $3.5 $3.3 1Q25 2Q25 3Q25 4Q25 1Q26 Avg Interest Bearing ("IB") Deposits Avg Non IB Deposits 93% 90% 91% 93% 94% 3.18% 2.96% 2.88% 2.75% 2.64% 4.14% 3.77% 3.69% 3.52% 3.37% 4.50% 4.50% 4.46% 4.02% 3.75% 1Q25 2Q25 3Q25 4Q25 1Q26 Cost of Total Deposits (annu
Slide 8: Noninterest Income
Noninterest Income • 1Q26 noninterest income totaled $17MM, up $1MM QoQ, and down $1MM YoY • QoQ change reflected less gains on sale of investment securities and lower customer-level swap fee income, the latter of which reflected lower underlying transaction activity in 1Q26 • Sold $53MM of the guar
Slide 9: Noninterest Expense & Efficiency
Noninterest Expense & Efficiency 72.0% 115.8% 68.2% 68.2% 67.0% 69.8% 69.1% 67.5% 68.2% 66.9% 1Q25 2Q25 3Q25 4Q25 1Q26 Efficiency Ratio (GAAP) Efficiency Ratio (ex. notable items) $48.0 $52.3 $54.1 $57.9 $56.2 $8.8 $11.1 $11.6 $11.5 $10.6$7.0 $9.2 $9.7 $9.8 $9.9$17.5 $19.6 $20.5 $20.1 $17.6 1Q25 2Q2
Slide 10: Stable Asset Quality
Stable Asset Quality • Allowance for credit losses (“ACL”) coverage ratio: 1.06% of loans receivable at 03/31/26 vs. 1.07% at 12/31/25 • Criticized loans of $325MM at 03/31/26, down $26MM, or 7%, QoQ. Included a 23% reduction in special mention loans and a 2% reduction in classified loans. Criticize
Slide 11: Management Financial Outlook for Full Year 2026 vs. 2025
Management Financial Outlook for Full Year 2026 vs. 2025 Metric 2025 ($ Millions) Outlook for 2026 (1) Comments End-of-Period Gross Loans $ 14,788 > 20% growth (raised from high-single digit) ▪ Impact of the pending MANUBANK acquisition + organic growth ▪ Moderating organic CRE loan growth ahead of
Slide 12: Appendix
APPENDIX
Slide 13: Enhancing Hope's Commercial Banking Capabilities, Market Footprint and Balance Sheet
Enhancing Hope’s Commercial Banking Capabilities, Market Footprint and Balance Sheet • Expands Scale and Reach: Transaction aligns with Hope’s core strategy to enhance its commercial banking capabilities and broaden Hope’s reach and ability to serve multicultural communities across the mainland U.S.
Slide 14: Pro Forma Combined Company Capital Ratios and Transaction Metrics
(1) Financial information contained in the slide reflects information published in the HOPE investor presentation regarding the acquisition, dated 3/31/26 and, as such, does not include updated results for the first quarter of 2026. (2) Based on Consensus 2027 EPS estimate for stand-alone HOPE as of
Slide 15: 1Q26: Summary Balance Sheet
1Q26: Summary Balance Sheet ($ in millions, except per share data) 03/31/2026 12/31/2025 QoQ % change 03/31/2025 YoY % change Cash and due from banks $594.8 $560.1 6% $733.5 -19% Investment securities 2,186.0 2,072.9 5% 2,088.6 5% Federal Home Loan Bank (“FHLB”) stock and other investments 68.8 60.2
Slide 16: 1Q26: Summary Income Statement
1Q26: Summary Income Statement ($ in thousands, except share and per share data) 1Q26 4Q25 QoQ % change 1Q25 YoY % change Net interest income $124,057 $127,405 -3% $100,817 23% Provision for credit losses 8,650 7,200 20% 4,800 80% Net interest income after provision for credit losses 115,407 120,205
Slide 17: 1Q26: Summary Profitability Ratios
1Q26: Summary Profitability Ratios (Ratios, except per share data; annualized, except as noted) 1Q26 4Q25 1Q25 Earnings per common share – diluted (not annualized) $0.23 $0.27 $0.17 Earnings per common share – diluted excluding notable items (not annualized)(1) $0.23 $0.27 $0.19 Return on average as
Slide 18: 1Q26: Non-GAAP Financial Measures Reconciliation
1Q26: Non-GAAP Financial Measures Reconciliation Management reviews select non-GAAP financial measures in evaluating the Company’s and the Bank’s financial performance and in response to market participant interest. Reconciliations of the most directly comparable GAAP to non-GAAP financial measures
Slide 19: 1Q26: Non-GAAP Financial Measures Reconciliation (cont'd)
1Q26: Non-GAAP Financial Measures Reconciliation (cont’d) Profitability & Ratios Excluding Notable Items ($ in thousands, except share and per share info) 1Q26 4Q25 1Q25 Net income (GAAP) $29,540 $34,466 $21,096 Notable items: FDIC special assessment expense (reversal) $(58) $(691) $— Merger and res
Slide 20: MANUBANK Pro Forma Non-GAAP Reconciliation - TCE Ratio
($ in millions) 12/31/25 HOPE Total Stockholders Equity $2,283 Estimated Equity Impact from MANUBANK (16) HOPE Goodwill and CDI (526) Estimated CDI (63) Estimated Pro Forma Tangible Common Equity (“TCE”) $1,678 HOPE Total Assets 18,532 Estimated MANUBANK Assets 2,723 Pro Forma Goodwill and Estimated
Slide 21: 1Q26: Diversified CRE Portfolio with Low LTVs
1Q26: Diversified CRE Portfolio with Low LTVs Total CRE: Distribution by LTV (excl. SBA) < 50%, 58% 50% - 55%: 11% > 55% - 60%: 9% > 70%: 8%$8.5B CRE Portfolio (at 03/31/26) 47% Weighted Avg LTV(1) (1) Excludes loans held for sale. (2) Weighted average loan-to-value (“LTV”): Current loan balance div
Slide 22: 1Q26: Granular CRE Portfolio, Diversified by Submarket
LA Fashion District Gateway Cities San Gabriel Valley South Bay LA Koreatown Other LA County (No exposure to downtown LA commercial business district) Orange County San Bernardino County Riverside County Other SoCal San Francisco, $44 Greater SF Bay Area Other NorCal Manhattan Queens County Kings Co
Slide 23: Thank you
ih Thank you Hope Bancorp