Hope Bancorp Reports 2023 Fourth Quarter and Full-Year Financial Results

About this update from Hope Bancorp, Inc.

[{"type":"text","content":" 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 fourth quarter and full year ended December 31, 2023 . For the three months ended December 31, 2023 , net income totaled $26.5 million , or $0.22 per diluted common share. For the full year ended December 31, 2023 , net income totaled $133.7 million , or $1.11 per diluted common share.\n\n \n“Net income for the 2023 fourth quarter was $26.5 million , or $38.3 million excluding the FDIC special assessment and restructuring charges related to our strategic reorganization,” stated Kevin S. Kim , Chairman, President and Chief Executive Officer. “Excluding these notable items, our net income was up 26% quarter-over-quarter. Continued focus on expense discipline and improvements in our credit quality metrics were important contributors to our net income growth. Nonperforming assets decreased 26%, and criticized loans declined 11% from September 30, 2023 . Net charge offs for the 2023 fourth quarter were a very low five basis points, annualized, of average loans.\n\n \n“We grew tangible book value 6% year-over-year, and all our regulatory risk-based capital ratios expanded,” continued Kim. “At December 31, 2023 , the Company’s total capital ratio was 13.9% and common equity tier 1 capital ratio was 12.3%. Our strong capital positions the Bank well to support all our customers in their growth plans for the new year.\n\n \n“The 2023 fourth quarter was an important building quarter for the Company with the announcement of our strategic reorganization in October. We believe our realignment around lines of business and products will enable Bank of Hope to operate more efficiently, support high-quality loan and deposit growth, and deliver improved returns in the years to come, enhancing stockholder value over the long term,” concluded Kim. “I wish to thank all our team members at Bank of Hope for their continued dedication to our organization and their excellence in serving our customers.”\n\n \n Operating Results for the 2023 Fourth Quarter \n\n \n Net income and earnings per share. Net income for the 2023 fourth quarter was $26.5 million , or $0.22 per diluted common share, compared with $30.0 million , or $0.25 per diluted common share, for the immediately preceding third quarter. Notable items impacting net income in the fourth quarter of 2023 were $8.7 million of restructuring costs, after tax, related to the Company’s previously announced strategic reorganization, and $3.1 million , after tax, accrued for the Federal Deposit Insurance Corporation (“FDIC”) special assessment, which was approved by the FDIC Board of Directors in November 2023 . Excluding these notable items, net income for the 2023 fourth quarter was $38.3 million (1), up 26% from $30.4 million (excluding $376,000 , after tax, of restructuring costs) for the third quarter of 2023. Earnings per diluted common share excluding notable items(1) amounted to $0.32 for the three months ended December 31, 2023 , up 28% compared with $0.25 per diluted common share for the immediately preceding third quarter.\n\n \n Net interest income and net interest margin. Net interest income before provision for credit losses for the 2023 fourth quarter totaled $125.9 million , compared with $135.4 million in the immediately preceding third quarter, a decrease of 7% quarter-over-quarter. Fourth quarter 2023 net interest margin contracted 13 basis points to 2.70%, from 2.83% in the 2023 third quarter. The linked quarter change in net interest income and net interest margin reflected a higher cost of interest bearing deposits and a decrease in the average balance of loans, partially offset by higher yields on investment securities and other earning assets, as well as a decrease in the average balance of interest bearing deposits. In addition, the third quarter of 2023 included $3.1 million of recovered interest income related to one borrower relationship, which contributed eight basis points to the average loan yield and six basis points to the net interest margin in the third quarter.\n\n \n \n \n_____________________________________\n\n \n\n \n\n \n \n \n(1)\n\n \n\n \n\n \n \nNet income, excluding the FDIC special assessment and restructuring charges (also referred to collectively as the “notable items”), and earnings per diluted common share excluding notable items are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 and 11.\n\n \n\n \n\n \n \n Noninterest income. Noninterest income for the 2023 fourth quarter totaled $9.3 million , increasing 12% from $8.3 million in the immediately preceding third quarter. Growth was well distributed across various fee income lines. The Company did not sell any SBA 7(a) loans during the second half of 2023, retaining loan production on the balance sheet instead.\n\n \n Noninterest expense. Noninterest expense for the 2023 fourth quarter was $99.9 million , including $11.1 million of pre-tax restructuring costs, primarily comprising severance costs, planned branch consolidation charges and professional fees, and $4.0 million (pre-tax) accrued for the FDIC special assessment. Excluding these notable items, fourth quarter 2023 noninterest expense(2) was $84.8 million , down 2% from $86.4 million (excluding $500,000 , pre-tax, of restructuring charges) in the 2023 third quarter. Fourth quarter 2023 salaries and employee benefits expense decreased 7% to $47.4 million , down from $51.0 million in the 2023 third quarter, reflecting the reduction to total headcount related to the restructuring. Other noninterest expense increased quarter-over-quarter, primarily reflecting increased CRA investment expense and provision for unfunded loan commitments.\n\n \n Tax rate. The effective tax rate for the 2023 fourth quarter was 21.2%, compared with 24.9% for the immediately preceding third quarter. For the full year 2023, the effective tax rate was 24.9%, compared with 26.3% for the full year 2022.\n\n \n Balance Sheet Summary \n\n \n Cash and investment securities. At December 31, 2023 , cash and cash equivalents totaled $1.93 billion , compared with $2.50 billion at September 30, 2023 , primarily driven by a decrease in deposit balances. At December 31, 2022 , cash and equivalents were $506.8 million . Investment securities totaled $2.41 billion at December 31, 2023 , up from $2.26 billion at September 30, 2023 , and $2.24 billion at December 31, 2022 .\n\n \n Loans. Loans receivable of $13.85 billion at December 31, 2023 , decreased 3% from $14.31 billion at September 30, 2023 , reflecting declines in commercial and commercial real estate loans, partially offset by growth in residential mortgage loans. During the 2023 fourth quarter, the Company exited its residential mortgage warehouse line business, which accounted for $64.7 million of the linked quarter decrease in loans. Fourth quarter average loans of $14.05 billion decreased 3% quarter-over-quarter.\n\n \nThe following table sets forth the loan portfolio composition at December 31, 2023 , September 30, 2023 , and December 31, 2022 :\n\n \n \n \n(dollars in thousands) (unaudited)\n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Percentage \n\n \n\n \n\n \n \n\n \n\n \n\n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Percentage \n\n \n\n \n\n \n \n\n \n\n \n\n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Percentage \n\n \n\n \n\n \n \n \nCommercial real estate (“CRE”) loans\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n8,797,884\n\n \n\n \n\n \n \n\n \n\n \n\n \n63.6\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n8,972,886\n\n \n\n \n\n \n \n\n \n\n \n\n \n62.7\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n9,414,580\n\n \n\n \n\n \n \n\n \n\n \n\n \n61.1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nCommercial and industrial (“C&I”) loans\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n4,135,044\n\n \n\n \n\n \n \n\n \n\n \n\n \n29.8\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,450,341\n\n \n\n \n\n \n \n\n \n\n \n\n \n31.1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,109,532\n\n \n\n \n\n \n \n\n \n\n \n\n \n33.2\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nResidential mortgage and other loans\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n920,691\n\n \n\n \n\n \n \n\n \n\n \n\n \n6.6\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n882,966\n\n \n\n \n\n \n \n\n \n\n \n\n \n6.2\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n879,428\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.7\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nLoans receivable\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n13,853,619\n\n \n\n \n\n \n \n\n \n\n \n\n \n100.0\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n14,306,193\n\n \n\n \n\n \n \n\n \n\n \n\n \n100.0\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,403,540\n\n \n\n \n\n \n \n\n \n\n \n\n \n100.0\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n Deposits. Total deposits of $14.75 billion at December 31, 2023 , decreased 6% from $15.74 billion at September 30, 2023 . Fourth quarter 2023 average deposits of $15.26 billion decreased 3% quarter-over-quarter. During the fourth quarter of 2023, the Company reduced brokered time deposits by $449.9 million , or 25% from September 30, 2023 . Noninterest bearing demand deposits decreased in the fourth quarter of 2023 primarily due to seasonality of funds from commercial customers in the residential mortgage business; these customers were unrelated to the exit of residential mortgage warehouse lending.\n\n \n \n \n_____________________________________\n\n \n\n \n\n \n \n \n(2)\n\n \n\n \n\n \n \nNoninterest expense, excluding notable items, is a non-GAAP financial measure. A quantitative reconciliation of the most directly comparable GAAP to non-GAAP financial measures is provided in the accompanying financial information on Table Pages 10 and 11.\n\n \n\n \n\n \n \nThe gross loan-to-deposit ratio was 93.9% at December 31, 2023 , compared with 91.0% at September 30, 2023 , and 98.2% at December 31, 2022 .\n\n \nThe following table sets forth the deposit composition at December 31, 2023 , September 30, 2023 , and December 31, 2022 :\n\n \n \n \n(dollars in thousands) (unaudited)\n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Percentage \n\n \n\n \n\n \n \n\n \n\n \n\n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Percentage \n\n \n\n \n\n \n \n\n \n\n \n\n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Percentage \n\n \n\n \n\n \n \n \nNoninterest bearing demand deposits\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n3,914,967\n\n \n\n \n\n \n \n\n \n\n \n\n \n26.5\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n4,249,788\n\n \n\n \n\n \n \n\n \n\n \n\n \n27.0\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n4,849,493\n\n \n\n \n\n \n \n\n \n\n \n\n \n30.8\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nMoney market, interest bearing\n\n \n\n \ndemand, and savings deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n4,872,029\n\n \n\n \n\n \n \n\n \n\n \n\n \n33.0\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,855,683\n\n \n\n \n\n \n \n\n \n\n \n\n \n30.9\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,899,248\n\n \n\n \n\n \n \n\n \n\n \n\n \n37.5\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTime deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n5,966,757\n\n \n\n \n\n \n \n\n \n\n \n\n \n40.5\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n6,634,388\n\n \n\n \n\n \n \n\n \n\n \n\n \n42.1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,990,060\n\n \n\n \n\n \n \n\n \n\n \n\n \n31.7\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal deposits\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n14,753,753\n\n \n\n \n\n \n \n\n \n\n \n\n \n100.0\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,739,859\n\n \n\n \n\n \n \n\n \n\n \n\n \n100.0\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,738,801\n\n \n\n \n\n \n \n\n \n\n \n\n \n100.0\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nGross loan-to-deposit ratio\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n93.9\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n91.0\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n98.2\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n Borrowings. Federal Home Loan Bank and Federal Reserve Bank borrowings totaled $1.80 billion at December 31, 2023 , unchanged from September 30, 2023 , and up from $865.0 million at December 31, 2022 .\n\n \n Credit Quality and Allowance for Credit Losses \n\n \n Nonperforming assets. Nonperforming assets totaled $45.5 million at December 31, 2023 , a decrease of 26% from $61.7 million at September 30, 2023 . The nonperforming assets ratio was 0.24% of total assets at December 31, 2023 , an improvement from 0.31% of total assets at September 30, 2023 .\n\n \nThe following table sets forth the components of nonperforming assets at December 31, 2023 , September 30, 2023 , and December 31, 2022 :\n\n \n \n \n(dollars in thousands) (unaudited)\n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n \nLoans on nonaccrual status (1)\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n45,204\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n39,081\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n49,687\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nAccruing delinquent loans past due 90 days or more\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n261\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n21,579\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n401\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nAccruing troubled debt restructured loans (2)\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n16,931\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nTotal nonperforming loans\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n45,465\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n60,660\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n67,019\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nOther real estate owned\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n63\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,043\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,418\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nTotal nonperforming assets\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n45,528\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n61,703\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n69,437\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nNonperforming assets/total assets\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n0.24\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n0.31\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n0.36\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n_____________________________________\n\n \n\n \n\n \n \n \n(1)\n\n \n\n \n\n \n \nExcludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $11.4 million , $12.1 million and $9.8 million at December 31, 2023 , September 30, 2023 , and December 31, 2022 , respectively.\n\n \n\n \n\n \n \n \n(2)\n\n \n\n \n\n \n \nThe Company adopted ASU 2022-02 in 2023, which eliminated the concept of troubled debt restructured (“TDR”) loans from GAAP; therefore, accruing TDR loans are no longer included in nonperforming loans.\n\n \n\n \n\n \n \n Criticized loans. Criticized loans decreased 11% quarter-over-quarter to $322.4 million at December 31, 2023 , down from $360.8 million at September 30, 2023 . Both special mention and substandard loans decreased quarter-over-quarter. The decrease was largely driven by upgrades, along with payoffs and note sales. As of December 31, 2022 , criticized loans totaled $261.3 million .\n\n \n Net charge offs and provision for credit losses. The Company recorded net charge offs of $1.8 million in the 2023 fourth quarter, equivalent to 0.05%, annualized, of average loans. This was an improvement from net charge offs of $31.0 million , or 0.85%, annualized, of average loans in the immediately preceding third quarter. Accordingly, the Company recorded a provision for credit losses of $1.7 million for the 2023 fourth quarter, compared with $16.8 million in the immediately preceding third quarter. For the full year 2023, net charge offs were 0.22% of average loans, compared with net recoveries of (0.08)% of average loans for the full year 2022.\n\n \nThe following table sets forth net charge offs (recoveries) and the provision for credit losses for the three months ended December 31, 2023 , September 30, 2023 , and December 31, 2022 , and for the twelve months ended December 31, 2023 and 2022:\n\n \n \n \n \n\n \n\n \n\n \n \n For the Three Months Ended \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n For the Twelve Months Ended \n\n \n\n \n\n \n \n \n(dollars in thousands) (unaudited)\n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n \nNet charge offs (recoveries)\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n1,815\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n30,987\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n6,402\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n32,358\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n(12,209\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n \nNet charge offs (recoveries)/average loans receivable (annualized)\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n0.05\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n0.85\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n0.17\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n0.22\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(0.08\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nProvision for credit losses\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n1,700\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n16,800\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n8,200\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n29,100\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n9,600\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n Allowance for credit losses. The allowance for credit losses totaled $158.7 million at December 31, 2023 , compared with $158.8 million at September 30, 2023 . The allowance coverage ratio increased to 1.15% of loans receivable at December 31, 2023 , up from 1.11% at September 30, 2023 . Year-over-year, allowance coverage of loans receivable increased from 1.05% at December 31, 2022 .\n\n \nThe following table sets forth the allowance for credit losses and the coverage ratios at December 31, 2023 , September 30, 2023 , and December 31, 2022 :\n\n \n \n \n(dollars in thousands) (unaudited)\n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n \nAllowance for credit losses\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n158,694\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n158,809\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n162,359\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nAllowance for credit losses/loans receivable\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1.15\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1.11\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1.05\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n Capital \n\n \nThe Company’s capital ratios are strong and all regulatory risk-based capital ratios expanded quarter-over-quarter and year-over-year. At December 31, 2023 , the Company and the Bank continued to exceed all regulatory capital requirements generally required to meet the definition of a “well-capitalized” financial institution. The following table sets forth the capital ratios for the Company at December 31, 2023 , September 30, 2023 , and December 31, 2022 :\n\n \n \n \n(unaudited)\n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n Minimum Guideline for “Well-Capitalized” \n\n \n\n \n\n \n \n \nCommon Equity Tier 1 Capital Ratio\n\n \n\n \n\n \n \n12.28%\n\n \n\n \n\n \n \n\n \n\n \n\n \n11.67%\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.55%\n\n \n\n \n\n \n \n\n \n\n \n\n \n6.50%\n\n \n\n \n\n \n \n \nTier 1 Capital Ratio\n\n \n\n \n\n \n \n12.96%\n\n \n\n \n\n \n \n\n \n\n \n\n \n12.32%\n\n \n\n \n\n \n \n\n \n\n \n\n \n11.15%\n\n \n\n \n\n \n \n\n \n\n \n\n \n8.00%\n\n \n\n \n\n \n \n \nTotal Capital Ratio\n\n \n\n \n\n \n \n13.92%\n\n \n\n \n\n \n \n\n \n\n \n\n \n13.23%\n\n \n\n \n\n \n \n\n \n\n \n\n \n11.97%\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.00%\n\n \n\n \n\n \n \n \nLeverage Ratio\n\n \n\n \n\n \n \n10.11%\n\n \n\n \n\n \n \n\n \n\n \n\n \n9.83%\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.15%\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.00%\n\n \n\n \n\n \n \nAt December 31, 2023 , total stockholders’ equity was $2.12 billion , or $17.66 per common share. Quarter-over-quarter, stockholders’ equity increased 4%, or $90.8 million , primarily reflecting a positive change in accumulated other comprehensive income (“AOCI”) and growth in retained earnings. Tangible common equity (“TCE”) per share was $13.76 at December 31, 2023 , up 6% from September 30, 2023 , and the TCE ratio was 8.86%, up 90 basis points quarter-over-quarter.\n\n \nThe following table sets forth the TCE per share and the TCE ratio at December 31, 2023 , September 30, 2023 , and December 31, 2022 :\n\n \n \n \n(unaudited)\n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n \nTCE per share (1)\n\n \n\n \n\n \n \n $13.76 \n\n \n\n \n\n \n \n\n \n\n \n\n \n $13.01 \n\n \n\n \n\n \n \n\n \n\n \n\n \n $12.96 \n\n \n\n \n\n \n \n \nTCE ratio (1)\n\n \n\n \n\n \n \n8.86%\n\n \n\n \n\n \n \n\n \n\n \n\n \n7.96%\n\n \n\n \n\n \n \n\n \n\n \n\n \n8.29%\n\n \n\n \n\n \n \n \n \n_____________________________________\n\n \n\n \n\n \n \n \n(1)\n\n \n\n \n\n \n \nTCE per share and TCE ratio are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 and 11.\n\n \n\n \n\n \n \n Investor Conference Call \n\n \nThe Company previously announced that it will host an investor conference call on Tuesday, January 30, 2024 , at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review unaudited financial results for its fourth quarter and full year ended December 31, 2023 . Investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (international) and asking for the “Hope Bancorp Call.” A presentation to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp’s website at www.ir-hopebancorp.com . Other interested parties are invited to listen to a live webcast of the call available at the Investor Relations section of Hope Bancorp’s website. After the live webcast, a replay will remain available at the Investor Relations section of Hope Bancorp’s website for one year. A telephonic replay of the call will be available at 877-344-7529 (domestic) or 412-317-0088 (international) for one week through February 6, 2024 , replay access code 4752295.\n\n \n Non-GAAP Financial Metrics \n\n \nThis news release and accompanying financial tables contain certain non-GAAP financial measure disclosures, including net income excluding notable items, earnings per share excluding notable items, noninterest expense excluding notable items, TCE per share, TCE ratio, ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, efficiency ratio excluding notable items and noninterest expense / average assets excluding notable items. Management believes these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s operational performance and the Company’s capital levels and has included these figures in response to market participant interest in these financial metrics. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 and 11.\n\n \n About Hope Bancorp, Inc. \n\n \n Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company of Bank of Hope , the first and only super regional Korean American bank in the United States with $19.13 billion in total assets as of December 31, 2023 . Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, the Bank provides a full suite of commercial, corporate and consumer loans, including commercial and commercial real estate lending, SBA lending, residential mortgage and other consumer lending; deposit and fee-based products and services; international trade financing; cash management services, foreign currency exchange solutions, and interest rate derivative products, among others. Bank of Hope operates 54 full-service branches in California , Washington , Texas , Illinois , New York , New Jersey , Virginia , Alabama , and Georgia . The Bank also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices in the United States ; and a representative office in Seoul, Korea . Bank of Hope is a California -chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to bankofhope.com . By including the foregoing website address link, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein.\n\n \n Forward-Looking Statements \n\n \nSome 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. These forward-looking statements relate to, among other things, expectations regarding the business and economic environment in which we operate, projections of future performance, perceived opportunities in the market, statements regarding our business strategies, objectives and vision, and statements about our strategic reorganization. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” or similar expressions. With respect to any such forward-looking statements, the Company claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. The Company’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. The risks and uncertainties include, but are not limited to: possible further deterioration in economic conditions in our areas of operation; interest rate risk associated with volatile interest rates and related asset-liability matching risk; liquidity risks; risk of significant non-earning assets, and net credit losses that could occur, particularly in times of weak economic conditions or times of rising interest rates; the failure of or changes to assumptions and estimates underlying the Company’s allowances for credit losses; potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations. For additional information concerning these and other risk factors, see the Company’s most recent Annual Report on Form 10-K. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.\n\n \n \n \n Hope Bancorp, Inc. \n\n \n\n \n Selected Financial Data \n\n \n\n \nUnaudited (dollars in thousands, except share data)\n\n \n\n \n\n \n \n \n \n \n \n Assets: \n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\n\n \n\n \n\n \n \n \nCash and due from banks\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n1,928,967\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n2,500,323\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(23\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n506,776\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n281\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInvestment securities\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,408,971\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,260,837\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n7\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,243,195\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n7\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n Federal Home Loan Bank (“FHLB”) stock and other investments\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n61,000\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n60,433\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n61,761\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(1\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nLoans held for sale, at the lower of cost or fair value\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n3,408\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n19,502\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(83\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n49,245\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(93\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nLoans receivable\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n13,853,619\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n14,306,193\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(3\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n15,403,540\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(10\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nAllowance for credit losses\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n(158,694\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(158,809\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(162,359\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n(2\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nNet loans receivable\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n13,694,925\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n14,147,384\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(3\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n15,241,181\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(10\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nAccrued interest receivable\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n61,720\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n60,665\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n55,460\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nPremises and equipment, net\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n50,611\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n51,764\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(2\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n46,859\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n8\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n Goodwill and intangible assets\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n468,385\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n468,832\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n470,176\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nOther assets\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n453,535\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n506,624\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(10\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n489,838\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(7\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nTotal assets\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n19,131,522\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n20,076,364\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(5\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n19,164,491\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n Liabilities: \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nDeposits\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n14,753,753\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,739,859\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(6\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,738,801\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(6\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \n FHLB and Federal Reserve Bank (“FRB”) borrowings\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,795,726\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,795,726\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n865,000\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n108\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nSubordinated debentures and convertible notes, net\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n108,269\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n107,949\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n323,713\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(67\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nAccrued interest payable\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n168,174\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n166,831\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n26,668\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n531\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nOther liabilities\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n184,357\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n235,575\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(22\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n190,981\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(3\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nTotal liabilities\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n17,010,279\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n18,045,940\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(6\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n17,145,163\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(1\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n Stockholders’ Equity: \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nCommon stock, $0.001 par value\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n138\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n137\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n137\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nAdditional paid-in capital\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,439,963\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,436,769\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,431,003\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nRetained earnings\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,150,547\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,140,870\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,083,712\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n6\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n Treasury stock, at cost\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n(264,667\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(264,667\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(264,667\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nAccumulated other comprehensive loss, net\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n(204,738\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(282,685\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n28\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(230,857\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n11\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal stockholders’ equity\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,121,243\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,030,424\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,019,328\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal liabilities and stockholders’ equity\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n19,131,522\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n20,076,364\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(5\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n19,164,491\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nCommon stock shares - authorized\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n150,000,000\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n150,000,000\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n150,000,000\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nCommon stock shares - outstanding\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n120,126,786\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n120,026,220\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n119,495,209\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n Treasury stock shares\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n17,382,835\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n17,382,835\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n17,382,835\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n \n Hope Bancorp, Inc. \n\n \n\n \n Selected Financial Data \n\n \n\n \nUnaudited (dollars in thousands, except share and per share data)\n\n \n\n \n\n \n \n \n \n \n \n \n\n \n\n \n\n \n \n Three Months Ended \n\n \n\n \n\n \n \n\n \n\n \n\n \n Twelve Months Ended \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nInterest and fees on loans\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n221,020\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n229,937\n\n \n\n \n\n \n \n\n \n\n \n\n \n(4\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n207,958\n\n \n\n \n\n \n \n\n \n\n \n\n \n6\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n892,563\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n660,732\n\n \n\n \n\n \n \n\n \n\n \n\n \n35\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInterest on investment securities\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n18,398\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n17,006\n\n \n\n \n\n \n \n\n \n\n \n\n \n8\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n14,758\n\n \n\n \n\n \n \n\n \n\n \n\n \n25\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n66,063\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n52,220\n\n \n\n \n\n \n \n\n \n\n \n\n \n27\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInterest on cash and deposits at other banks\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n29,029\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n28,115\n\n \n\n \n\n \n \n\n \n\n \n\n \n3\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n942\n\n \n\n \n\n \n \n\n \n\n \n\n \nNM\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n87,361\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,295\n\n \n\n \n\n \n \n\n \n\n \n\n \nNM\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nInterest on other investments and FHLB dividends\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n777\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n735\n\n \n\n \n\n \n \n\n \n\n \n\n \n6\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n579\n\n \n\n \n\n \n \n\n \n\n \n\n \n34\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,891\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,868\n\n \n\n \n\n \n \n\n \n\n \n\n \n55\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal interest income\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n269,224\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n275,793\n\n \n\n \n\n \n \n\n \n\n \n\n \n(2\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n224,237\n\n \n\n \n\n \n \n\n \n\n \n\n \n20\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,048,878\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n716,115\n\n \n\n \n\n \n \n\n \n\n \n\n \n46\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nInterest on deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n121,305\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n117,854\n\n \n\n \n\n \n \n\n \n\n \n\n \n3\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n63,276\n\n \n\n \n\n \n \n\n \n\n \n\n \n92\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n441,231\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n114,839\n\n \n\n \n\n \n \n\n \n\n \n\n \n284\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInterest on borrowings\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n22,003\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n22,561\n\n \n\n \n\n \n \n\n \n\n \n\n \n(2\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10,440\n\n \n\n \n\n \n \n\n \n\n \n\n \n111\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n81,786\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n22,855\n\n \n\n \n\n \n \n\n \n\n \n\n \n258\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal interest expense\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n143,308\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n140,415\n\n \n\n \n\n \n \n\n \n\n \n\n \n2\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n73,716\n\n \n\n \n\n \n \n\n \n\n \n\n \n94\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n523,017\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n137,694\n\n \n\n \n\n \n \n\n \n\n \n\n \n280\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nNet interest income before provision for credit losses\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n125,916\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n135,378\n\n \n\n \n\n \n \n\n \n\n \n\n \n(7\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n150,521\n\n \n\n \n\n \n \n\n \n\n \n\n \n(16\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n525,861\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n578,421\n\n \n\n \n\n \n \n\n \n\n \n\n \n(9\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nProvision for credit losses\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,700\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n16,800\n\n \n\n \n\n \n \n\n \n\n \n\n \n(90\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n8,200\n\n \n\n \n\n \n \n\n \n\n \n\n \n(79\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n29,100\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,600\n\n \n\n \n\n \n \n\n \n\n \n\n \n203\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNet interest income after provision for credit losses\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n124,216\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n118,578\n\n \n\n \n\n \n \n\n \n\n \n\n \n5\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n142,321\n\n \n\n \n\n \n \n\n \n\n \n\n \n(13\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n496,761\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n568,821\n\n \n\n \n\n \n \n\n \n\n \n\n \n(13\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nService fees on deposit accounts\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,505\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,415\n\n \n\n \n\n \n \n\n \n\n \n\n \n4\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,159\n\n \n\n \n\n \n \n\n \n\n \n\n \n16\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,466\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n8,938\n\n \n\n \n\n \n \n\n \n\n \n\n \n6\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNet gains on sales of SBA loans\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,154\n\n \n\n \n\n \n \n\n \n\n \n\n \n(100\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,097\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n16,343\n\n \n\n \n\n \n \n\n \n\n \n\n \n(75\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nOther income and fees\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n6,775\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,890\n\n \n\n \n\n \n \n\n \n\n \n\n \n15\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n7,797\n\n \n\n \n\n \n \n\n \n\n \n\n \n(13\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n32,014\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n26,116\n\n \n\n \n\n \n \n\n \n\n \n\n \n23\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal noninterest income\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n9,280\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n8,305\n\n \n\n \n\n \n \n\n \n\n \n\n \n12\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n12,110\n\n \n\n \n\n \n \n\n \n\n \n\n \n(23\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n45,577\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n51,397\n\n \n\n \n\n \n \n\n \n\n \n\n \n(11\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nSalaries and employee benefits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n47,364\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n51,033\n\n \n\n \n\n \n \n\n \n\n \n\n \n(7\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n52,694\n\n \n\n \n\n \n \n\n \n\n \n\n \n(10\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n207,871\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n204,719\n\n \n\n \n\n \n \n\n \n\n \n\n \n2\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nOccupancy\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n7,231\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n7,149\n\n \n\n \n\n \n \n\n \n\n \n\n \n1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n7,072\n\n \n\n \n\n \n \n\n \n\n \n\n \n2\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n28,868\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n28,267\n\n \n\n \n\n \n \n\n \n\n \n\n \n2\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nFurniture and equipment\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n5,302\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,625\n\n \n\n \n\n \n \n\n \n\n \n\n \n(6\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,045\n\n \n\n \n\n \n \n\n \n\n \n\n \n5\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n21,378\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n19,434\n\n \n\n \n\n \n \n\n \n\n \n\n \n10\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nData processing and communications\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,976\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,891\n\n \n\n \n\n \n \n\n \n\n \n\n \n3\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,860\n\n \n\n \n\n \n \n\n \n\n \n\n \n4\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,606\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10,683\n\n \n\n \n\n \n \n\n \n\n \n\n \n9\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n FDIC assessment\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n3,141\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n3,683\n\n \n\n \n\n \n \n\n \n\n \n\n \n(15\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,596\n\n \n\n \n\n \n \n\n \n\n \n\n \n97\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n13,296\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n6,248\n\n \n\n \n\n \n \n\n \n\n \n\n \n113\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n FDIC special assessment\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n3,971\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n100\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n100\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n3,971\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n100\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nEarned interest credit\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n6,505\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n6,377\n\n \n\n \n\n \n \n\n \n\n \n\n \n2\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,002\n\n \n\n \n\n \n \n\n \n\n \n\n \n30\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n22,399\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10,998\n\n \n\n \n\n \n \n\n \n\n \n\n \n104\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nRestructuring costs\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n11,076\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n500\n\n \n\n \n\n \n \n\n \n\n \n\n \nNM\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n100\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,576\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n100\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nOther noninterest expense\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n12,325\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,615\n\n \n\n \n\n \n \n\n \n\n \n\n \n28\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10,249\n\n \n\n \n\n \n \n\n \n\n \n\n \n20\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n43,486\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n43,821\n\n \n\n \n\n \n \n\n \n\n \n\n \n(1\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nTotal noninterest expense\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n99,891\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n86,873\n\n \n\n \n\n \n \n\n \n\n \n\n \n15\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n84,518\n\n \n\n \n\n \n \n\n \n\n \n\n \n18\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n364,451\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n324,170\n\n \n\n \n\n \n \n\n \n\n \n\n \n12\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nIncome before income taxes\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n33,605\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n40,010\n\n \n\n \n\n \n \n\n \n\n \n\n \n(16\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n69,913\n\n \n\n \n\n \n \n\n \n\n \n\n \n(52\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n177,887\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n296,048\n\n \n\n \n\n \n \n\n \n\n \n\n \n(40\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nIncome tax provision\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n7,124\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,961\n\n \n\n \n\n \n \n\n \n\n \n\n \n(28\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n18,210\n\n \n\n \n\n \n \n\n \n\n \n\n \n(61\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n44,214\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n77,771\n\n \n\n \n\n \n \n\n \n\n \n\n \n(43\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \n Net income \n\n \n\n \n\n \n \n $ \n\n \n\n \n\n \n 26,481 \n\n \n\n \n\n \n \n\n \n\n \n\n \n $ \n\n \n\n \n\n \n 30,049 \n\n \n\n \n\n \n \n\n \n\n \n\n \n(12\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n $ \n\n \n\n \n\n \n 51,703 \n\n \n\n \n\n \n \n\n \n\n \n\n \n(49\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n $ \n\n \n\n \n\n \n 133,673 \n\n \n\n \n\n \n \n\n \n\n \n\n \n $ \n\n \n\n \n\n \n 218,277 \n\n \n\n \n\n \n \n\n \n\n \n\n \n(39\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nEarnings Per Common Share - Diluted\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n0.22\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n0.25\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n0.43\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n1.11\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n1.81\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nWeighted Average Shares Outstanding - Diluted\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n120,761,112\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n120,374,618\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n120,102,665\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n120,393,257\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n120,472,345\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n \n Hope Bancorp, Inc. \n\n \n\n \n Selected Financial Data \n\n \n\n \nUnaudited\n\n \n\n \n\n \n \n \n \n \n \n \n\n \n\n \n\n \n \n For the Three Months Ended \n\n \n\n \n\n \n \n\n \n\n \n\n \n For the Twelve Months Ended \n\n \n\n \n\n \n \n \n Profitability measures (annualized): \n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n \nROA\n\n \n\n \n\n \n \n0.54\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.60\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.10\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.67\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.20\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nROA excluding notable items (1)\n\n \n\n \n\n \n \n0.78\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.61\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.10\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.73\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.20\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nROE\n\n \n\n \n\n \n \n5.17\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.78\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.35\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n6.48\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.73\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nROE excluding notable items (1)\n\n \n\n \n\n \n \n7.49\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.85\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.35\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n7.05\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.73\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nROTCE (1)\n\n \n\n \n\n \n \n6.71\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n7.47\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n13.54\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n8.39\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n13.97\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nROTCE excluding notable items (1)\n\n \n\n \n\n \n \n9.71\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n7.56\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n13.54\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n9.13\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n13.97\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNet interest margin\n\n \n\n \n\n \n \n2.70\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.83\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.36\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.81\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.36\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nEfficiency ratio (not annualized)\n\n \n\n \n\n \n \n73.89\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n60.46\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n51.97\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n63.78\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n51.47\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nEfficiency ratio excluding notable items (not annualized) (1)\n\n \n\n \n\n \n \n62.76\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n60.11\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n51.97\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n61.06\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n51.47\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNoninterest expense / average assets\n\n \n\n \n\n \n \n2.04\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.73\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.79\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.84\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.78\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNoninterest expense / average assets, excluding notable items (1)\n\n \n\n \n\n \n \n1.73\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.72\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.79\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.76\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.78\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n(1) ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, efficiency ratio excluding notable items, and noninterest expense / average assets excluding notable items are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 and 11.\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n \n Hope Bancorp, Inc. \n\n \n\n \n Selected Financial Data \n\n \n\n \nUnaudited (dollars in thousands)\n\n \n\n \n\n \n \n \n \n \n \n \n\n \n\n \n\n \n \n Three Months Ended \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n Interest \n\n \n\n \n\n \n \n\n \n\n \n\n \n Annualized \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n Interest \n\n \n\n \n\n \n \n\n \n\n \n\n \n Annualized \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n Interest \n\n \n\n \n\n \n \n\n \n\n \n\n \n Annualized \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n Average \n\n \n\n \n\n \n \n\n \n\n \n\n \n Income/ \n\n \n\n \n\n \n \n\n \n\n \n\n \n Average \n\n \n\n \n\n \n \n\n \n\n \n\n \n Average \n\n \n\n \n\n \n \n\n \n\n \n\n \n Income/ \n\n \n\n \n\n \n \n\n \n\n \n\n \n Average \n\n \n\n \n\n \n \n\n \n\n \n\n \n Average \n\n \n\n \n\n \n \n\n \n\n \n\n \n Income/ \n\n \n\n \n\n \n \n\n \n\n \n\n \n Average \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Expense \n\n \n\n \n\n \n \n\n \n\n \n\n \n Yield/Cost \n\n \n\n \n\n \n \n\n \n\n \n\n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Expense \n\n \n\n \n\n \n \n\n \n\n \n\n \n Yield/Cost \n\n \n\n \n\n \n \n\n \n\n \n\n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Expense \n\n \n\n \n\n \n \n\n \n\n \n\n \n Yield/Cost \n\n \n\n \n\n \n \n \n INTEREST EARNING ASSETS: \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nLoans, including loans held for sale\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n14,052,953\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n221,020\n\n \n\n \n\n \n \n\n \n\n \n\n \n6.24\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n14,550,106\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n229,937\n\n \n\n \n\n \n \n\n \n\n \n\n \n6.27\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,393,843\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n207,958\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.36\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInvestment securities\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,283,613\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n18,398\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.20\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,275,133\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n17,006\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.97\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,254,678\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n14,758\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.60\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInterest earning cash and deposits at\n\n \n\n \nother banks\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,142,147\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n29,029\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.38\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,106,469\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n28,115\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.30\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n66,075\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n942\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.66\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nFHLB stock and other investments\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n47,587\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n777\n\n \n\n \n\n \n \n\n \n\n \n\n \n6.48\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n47,316\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n735\n\n \n\n \n\n \n \n\n \n\n \n\n \n6.16\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n48,002\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n579\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.79\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal interest earning assets\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n18,526,300\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n269,224\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.77\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n18,979,024\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n275,793\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.77\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n17,762,598\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n224,237\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.01\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n INTEREST BEARING LIABILITIES: \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nDeposits:\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nMoney market, interest bearing demand and\n\n \n\n \nsavings\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n4,821,222\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n45,662\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.76\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n4,533,430\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n38,814\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.40\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n6,030,576\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n35,959\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.37\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTime deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n6,327,191\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n75,643\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.74\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n6,862,038\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n79,040\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.57\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,276,655\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n27,317\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.53\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal interest bearing deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n11,148,413\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n121,305\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.32\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,395,468\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n117,854\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.10\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10,307,231\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n63,276\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.44\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nFHLB and FRB borrowings\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,795,740\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n19,224\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.25\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,809,322\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n19,821\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.35\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n838,335\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n6,988\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.31\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nSubordinated debentures and convertible\n\n \n\n \nnotes\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n104,198\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,779\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.44\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n103,873\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,740\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.32\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n319,498\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n3,452\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.23\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal interest bearing liabilities\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n13,048,351\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n143,308\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.36\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n13,308,663\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n140,415\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.19\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n11,465,064\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n73,716\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.55\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNoninterest bearing demand deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n4,113,680\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,312,117\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,174,306\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nTotal funding liabilities/cost of funds\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n17,162,031\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n3.31\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n17,620,780\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n3.16\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n16,639,370\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1.76\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNet interest income/net interest spread\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n125,916\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.41\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n135,378\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.58\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n150,521\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.46\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n Net interest margin \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n 2.70 \n\n \n\n \n\n \n % \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n 2.83 \n\n \n\n \n\n \n % \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3.36 \n\n \n\n \n\n \n % \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nCost of deposits:\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nNoninterest bearing demand deposits\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n4,113,680\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n4,312,117\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n5,174,306\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInterest bearing deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n11,148,413\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n121,305\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.32\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,395,468\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n117,854\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.10\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10,307,231\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n63,276\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.44\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal deposits\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n15,262,093\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n121,305\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.15\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,707,585\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n117,854\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.98\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,481,537\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n63,276\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.62\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n Hope Bancorp, Inc. \n\n \n\n \n Selected Financial Data \n\n \n\n \nUnaudited (dollars in thousands)\n\n \n\n \n\n \n \n \n \n \n \n \n\n \n\n \n\n \n \n Twelve Months Ended \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n Interest \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n Interest \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n Average \n\n \n\n \n\n \n \n\n \n\n \n\n \n Income/ \n\n \n\n \n\n \n \n\n \n\n \n\n \n Average \n\n \n\n \n\n \n \n\n \n\n \n\n \n Average \n\n \n\n \n\n \n \n\n \n\n \n\n \n Income/ \n\n \n\n \n\n \n \n\n \n\n \n\n \n Average \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Expense \n\n \n\n \n\n \n \n\n \n\n \n\n \n Yield/Cost \n\n \n\n \n\n \n \n\n \n\n \n\n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Expense \n\n \n\n \n\n \n \n\n \n\n \n\n \n Yield/Cost \n\n \n\n \n\n \n \n \n INTEREST EARNING ASSETS: \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nLoans, including loans held for sale\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n14,732,166\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n892,563\n\n \n\n \n\n \n \n\n \n\n \n\n \n6.06\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n14,634,627\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n660,732\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.51\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInvestment securities\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,262,840\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n66,063\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.92\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,415,621\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n52,220\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.16\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInterest earning cash and deposits at\n\n \n\n \nother banks\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,685,462\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n87,361\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.18\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n116,689\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,295\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.11\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nFHLB stock and other investments\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n47,249\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,891\n\n \n\n \n\n \n \n\n \n\n \n\n \n6.12\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n59,624\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,868\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.13\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal interest earning assets\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n18,727,717\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n1,048,878\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.60\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n17,226,561\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n716,115\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.16\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n INTEREST BEARING LIABILITIES: \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nDeposits:\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nMoney market, interest bearing demand and\n\n \n\n \nsavings\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n4,858,919\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n161,751\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.33\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n6,517,879\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n72,763\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.12\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTime deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n6,409,056\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n279,480\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.36\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n3,084,851\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n42,076\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.36\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal interest bearing deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n11,267,975\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n441,231\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.92\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,602,730\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n114,839\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.20\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nFHLB and FRB borrowings\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,618,292\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n69,365\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.29\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n528,342\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,525\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.18\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nSubordinated debentures and convertible\n\n \n\n \nnotes\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n181,125\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n12,421\n\n \n\n \n\n \n \n\n \n\n \n\n \n6.76\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n318,691\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,330\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.51\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal interest bearing liabilities\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n13,067,392\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n523,017\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.00\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n10,449,763\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n137,694\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.32\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNoninterest bearing demand deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n4,362,043\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,569,542\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nTotal funding liabilities/cost of funds\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n17,429,435\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n3.00\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n16,019,305\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n0.86\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNet interest income/net interest spread\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n525,861\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.60\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n578,421\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.84\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n Net interest margin \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n 2.81 \n\n \n\n \n\n \n % \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3.36 \n\n \n\n \n\n \n % \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nCost of deposits:\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nNoninterest bearing demand deposits\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n4,362,043\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n5,569,542\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInterest bearing deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n11,267,975\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n441,231\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.92\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,602,730\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n114,839\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.20\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal deposits\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n15,630,018\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n441,231\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.82\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,172,272\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n114,839\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.76\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n Hope Bancorp, Inc. \n\n \n\n \n Selected Financial Data \n\n \n\n \nUnaudited (dollars in thousands)\n\n \n\n \n\n \n \n \n \n \n \n \n\n \n\n \n\n \n \n Three Months Ended \n\n \n\n \n\n \n \n\n \n\n \n\n \n Twelve Months Ended \n\n \n\n \n\n \n \n \n AVERAGE BALANCES: \n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\n\n \n\n \n\n \n \n \nLoans, including loans held for sale\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n14,052,953\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n14,550,106\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(3\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,393,843\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(9\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n14,732,166\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n14,634,627\n\n \n\n \n\n \n \n\n \n\n \n\n \n1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInvestment securities\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,283,613\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,275,133\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,254,678\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,262,840\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,415,621\n\n \n\n \n\n \n \n\n \n\n \n\n \n(6\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nInterest earning cash and deposits at other banks\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,142,147\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,106,469\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n66,075\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \nNM\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,685,462\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n116,689\n\n \n\n \n\n \n \n\n \n\n \n\n \nNM\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nInterest earning assets\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n18,526,300\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n18,979,024\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(2\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n17,762,598\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n18,727,717\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n17,226,561\n\n \n\n \n\n \n \n\n \n\n \n\n \n9\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n Goodwill and intangible assets\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n468,622\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n469,079\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n470,442\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n469,298\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n471,176\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal assets\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n19,600,942\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n20,059,304\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(2\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n18,863,726\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n19,806,163\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n18,231,609\n\n \n\n \n\n \n \n\n \n\n \n\n \n9\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nNoninterest bearing demand deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n4,113,680\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,312,117\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(5\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,174,217\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(20\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,362,043\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,569,534\n\n \n\n \n\n \n \n\n \n\n \n\n \n(22\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nInterest bearing deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n11,148,413\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,395,468\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(2\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10,307,231\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n8\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,267,975\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,602,730\n\n \n\n \n\n \n \n\n \n\n \n\n \n17\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTotal deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n15,262,093\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n15,707,585\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(3\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n15,481,537\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(1\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n15,630,180\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n15,172,272\n\n \n\n \n\n \n \n\n \n\n \n\n \n3\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInterest bearing liabilities\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n13,048,351\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n13,308,663\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(2\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,465,064\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n14\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n13,067,392\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10,449,763\n\n \n\n \n\n \n \n\n \n\n \n\n \n25\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nStockholders’ equity\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,048,335\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,079,092\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(1\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,997,460\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n3\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,061,665\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,034,027\n\n \n\n \n\n \n \n\n \n\n \n\n \n1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n LOAN PORTFOLIO COMPOSITION: \n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nCommercial real estate (“CRE”) loans\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n8,797,884\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n8,972,886\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(2\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n9,414,580\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(7\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nCommercial and industrial (“C&I”) loans\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n4,135,044\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,450,341\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(7\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,109,532\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(19\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nResidential mortgage and other loans\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n920,691\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n882,966\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n879,428\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nLoans receivable\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n13,853,619\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n14,306,193\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(3\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n15,403,540\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(10\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nAllowance for credit losses\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n(158,694\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(158,809\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(162,359\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n(2\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nLoans receivable, net\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n13,694,925\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n14,147,384\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(3\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,241,181\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(10\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n CRE LOANS BY PROPERTY TYPE: \n\n \n\n \n\n \n \n 12/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 9/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\n\n \n\n \n\n \n \n\n \n\n \n\n \n 12/31/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nMulti-tenant retail\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n1,704,337\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n1,745,430\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(2\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n1,866,434\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(9\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nHotels/motels\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n796,267\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n826,732\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(4\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n952,579\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(16\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nGas stations and car washes\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,030,888\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,037,621\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(1\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,054,720\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(2\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nMixed-use facilities\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n870,664\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\...

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