Hope Bancorp, Inc. · NASDAQ:HOPE
Hope Bancorp — Nara Bancorp — Friedman, Billings, Ramsey & Co. 2005 Investor Conference
19 slides from Hope Bancorp's conference presentation, Nov 29, 2005
Slide 1: FBR 2005 Investor Conference - Nara Bancorp, Inc.
Exhibit 99.1 FRIEDMAN, BILLINGS, RAMSEY & CO., INC. 2005 INVESTOR CONFERENCE November 29 & 30, 2005 NARA BANCORP, INC. Nasdaq: NARA
Slide 2: Safe Harbor Statement
The Company may make projections or other forward-looking statements under Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) regarding future events or the future financial performance
Slide 3: Korean-American Market Overview
KOREAN-AMERICAN MARKET KOREAN-AMERICAN MARKET OVERVIEW OVERVIEW Estimated 2.5 million Korean-American Estimated 2.5 million Korean-American Population in the U.S. * Population in the U.S. * High business ownership High business ownership High emphasis in business relationships High emphasis in busin
Slide 4: Company history and expansion
– – Founded Founded with with one one branch branch in in Los Los Angeles Angeles – – Expanded Expanded to to N. N. CA CA with with Silicon Silicon Valley Valley branch branch – – Expanded Expanded to to NY NY with with acquisition acquisition of of Korea Korea Exchange Exchange Bank Bank in in Flus
Slide 5: Company Profile
COMPANY PROFILE COMPANY PROFILE Korean-American Korean-American bank bank with with Largest Largest Nationwide Network Nationwide Network Largest Largest Korean-American Korean-American bank bank in in New New York York Largest Largest Korean-American Korean-American bank bank in in Northern Norther
Slide 6: Nationwide Network
S CA - 12 Branches N CA - 2 Branches NY - 4 Branches 8 LPOs – Oakland, Seattle, Denver, Dallas, Chicago, Atlanta, Virginia/Washington DC, and New Jersey NATIONWIDE NETWORK NATIONWIDE NETWORK
Slide 7: Financial Highlights
FINANCIAL HIGHLIGHTS FINANCIAL HIGHLIGHTS * As restated ** Annualized 4.89% ** 4.58% 4.46% 4.82% 5.33% 6.46% Net Interest Margin 1.20% 1.20% 1.25% 1.17% 1.33% 1.92% ALLL 48.85% ** 53.06% 58.21% 65.61% 62.69% 60.95% Efficiency Ratio 22.51% ** 21.44% 18.77% 22.64% 20.10% 31.02% ROE 1.53% ** 1.45% 1.26
Slide 8: Nara Business Strategy
NARA BUSINESS STRATEGY NARA BUSINESS STRATEGY Primarily focus on profitability Primarily focus on profitability Grow organically based on profitability Grow organically based on profitability Focus on market penetration Focus on market penetration - - California and New York California and New York
Slide 9: Asset Growth
ASSET GROWTH ASSET GROWTH $603 $679 $981 $1,260 $1,508 $1,789 $0 $500 $1,000 $1,500 $2,000 ($ in Millions) Total Assets $356 $499 $715 $985 $1,207 $1,410 $0 $500 $1,000 $1,500 ($ in Millions) Net Loans
Slide 10: Loan Portfolio
LOAN PORTFOLIO LOAN PORTFOLIO Real Estate 61% Consumer 5% Business, SBA & Trade Finance 34% Type of Type of Average Average Loan Loan Loan Size Loan Size Real Estate $890,000 Real Estate $890,000 Business Business 138,000 138,000 Consumer Consumer 14,000 14,000 Other 6% S. CA 53% NY 29% N. CA 12% Re
Slide 11: Outstanding Asset Quality
OUTSTANDING ASSET QUALITY OUTSTANDING ASSET QUALITY 0.38% 0.26% 0.22% 0.44% 0.19% 0.26% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% NPA / Total Assets 0.56% 0.35% 0.15% 0.51% 0.22% 0.27% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% NPL / Gross Loans
Slide 12: Deposit Growth & Mix
Core Deposits Distribution @ DEPOSIT GROWTH & MIX DEPOSIT GROWTH & MIX $1,544 $810 $734 $1,256 $850 $407 $1,061 $713 $349 $817 $549 $268 $590 $432 $158 $528 $402 $126 Jumbo CDs Core Deposits Total OTHER 13% MONEY MARKET 29% NON-INT. DDA 45% SAVINGS 13% ($ in Millions)
Slide 13: Net Income Growth
NET INCOME GROWTH NET INCOME GROWTH $10.8 $10.2 $13.9 $13.7 $19.8 $18.9 $0.0 $5.0 $10.0 $15.0 $20.0 $25.0 ($ in Millions) Net Income $0.51 $0.44 $0.60 $0.59 $0.80 $0.77 $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 Diluted EPS
Slide 14: Consistent Profitability
CONSISTENT PROFITABILITY CONSISTENT PROFITABILITY 2.25% 1.60% 1.76% 1.26% 1.45% 1.53% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% Return on Average Assets 31.02% 20.10% 22.64% 18.77% 21.44% 22.51% 0.00% 10.00% 20.00% 30.00% 40.00% Return on Average Equity
Slide 15: Net Interest Margin
NET INTEREST MARGIN NET INTEREST MARGIN 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% Net Interest Margin
Slide 16: Loan to Deposit Ratio
LOAN TO DEPOSIT RATIO LOAN TO DEPOSIT RATIO 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% Loan to Deposit Ratio
Slide 17: NIM vs LTD Ratio
NIM vs LTD RATIO NIM vs LTD RATIO 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% Net Interest Margin Loan to Deposit Ratio
Slide 18: Efficiency Ratio
EFFICIENCY RATIO EFFICIENCY RATIO 61.0% 62.7% 65.6% 58.2% 53.1% 48.9% 0.0% 20.0% 40.0% 60.0% 80.0% Efficiency Ratio
Slide 19: Stock Summary
STOCK SUMMARY STOCK SUMMARY Ticker Symbol: NARA Recent Price ¹ : $19.02 Shares Outstanding: 25.4 million Market Capitalization ¹ : $483 million Average Daily Volume ² : 137,682 shares Price/Earnings Ratio Trailing months ³ : 18.3 Analysts AVG: 18.0 Annual Dividend: $0.11 per share Current Dividend Y
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