Hope Bancorp Reports 2023 Second Quarter 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 second quarter and six months ended June 30, 2023 .\n\n \nFor the three months ended June 30, 2023 , net income totaled $38.0 million , or $0.32 per diluted common share. This compares with net income of $39.1 million , or $0.33 per diluted common share, in the preceding first quarter. Pre-provision net revenue (“PPNR”) (1) for the 2023 second quarter totaled $60.4 million , up 11% from $54.5 million in the preceding first quarter.\n\n \n“Throughout the second quarter, we continued to maintain high levels of capital and liquidity to prudently navigate an operating environment that is challenging for regional banks,” said Kevin S. Kim , Chairman, President and Chief Executive Officer. “Year-over-year, our total capital ratio increased 51 basis points to 12.64% at June 30, 2023 . At the end of the 2023 second quarter, our tangible common equity ratio (1) was a robust 8.04%.\n\n \n“Our asset quality remains healthy. We recorded net recoveries of $552 thousand for the 2023 second quarter, and nonperforming assets decreased 30% year-over-year. We have steadily built our allowance for credit losses, with coverage at 1.16% of loans receivable at June 30, 2023 .\n\n \n“Year-over-year, our loans receivable grew 2% to $14.9 billion , and our total deposits grew 4% to $15.6 billion at June 30, 2023 . With Bank of Hope’s strong balance sheet and continued investment in enhancing our products and services, we are focused on expanding our relationships with our customers and strengthening our market leadership in the Korean American community and beyond,” said Kim.\n\n \n Q2 2023 Highlights \n\n \n \n Capital growth. Total capital was $2.10 billion at June 30, 2023 , growing 2% from March 31, 2023 . The total capital ratio increased 39 basis points quarter-over-quarter to 12.64% at June 30, 2023 . Book value per common share at June 30, 2023 , was $17.23 , and tangible common equity (“TCE”) per share (1) was $13.32 , up 0.3% and 0.5%, respectively, quarter-over-quarter. The TCE ratio of 8.04% as of June 30, 2023 , expanded 13 basis points from March 31, 2023 .\n\n \n \n Strong liquidity. Cash and cash equivalents increased to $2.30 billion at June 30, 2023 , up from $2.21 billion at March 31, 2023 . Available borrowing capacity, together with cash and cash equivalents and unpledged investment securities, totaled $7.75 billion , equivalent to 50% of total deposits at June 30, 2023 .\n\n \n \n Healthy asset quality. Nonperforming assets declined 3% quarter-over-quarter. The nonperforming assets ratio improved to 0.38% of total assets at June 30, 2023 , down from 0.39% at March 31, 2023 . The Company recorded net recoveries of $552 thousand during the 2023 second quarter, equivalent to 0.01% annualized of average loans.\n\n \n \n Total deposits of $15.62 billion at June 30, 2023 , decreased 1% quarter-over-quarter and grew 4% year-over-year. Uninsured deposits at June 30, 2023 , represented 36% of the Bank’s deposits, compared with 38% at March 31, 2023 .\n\n \n \n Loans receivable of $14.86 billion at June 30, 2023 , decreased 1% quarter-over-quarter and grew 2% year-over-year.\n\n \n \n Efficiency improvement. The efficiency ratio for the 2023 second quarter improved 325 basis points to 59.1% from 62.4% for the preceding first quarter.\n\n \n \n PPNR increase. PPNR for the 2023 second quarter totaled $60.4 million , up 11% from $54.5 million in the preceding first quarter.\n\n \n \n \n \n(1)\n\n \n\n \n\n \n \nPPNR, TCE ratio, and TCE per share are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Page 10.\n\n \n\n \n\n \n \n Financial Summary \n\n \n \n \n \n\n \n\n \n\n \n \n At or for the Three Months Ended \n\n \n\n \n\n \n \n \n(dollars in thousands, except per share data) (unaudited)\n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n \nNet income\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n38,022\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n39,121\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n52,088\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nDiluted earnings per share\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n0.32\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n0.33\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n0.43\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nNet interest income before provision for credit losses\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n130,689\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n133,878\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n141,538\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nPre-provision net revenue (“PPNR”) (1)\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n60,370\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n54,502\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n73,919\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nLoans receivable\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n14,864,810\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,064,849\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n14,546,049\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nDeposits\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n15,619,352\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,828,209\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,029,630\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nTotal assets\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n20,366,138\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n20,568,884\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n18,089,062\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nTotal equity\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n2,067,998\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n2,058,580\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n2,000,369\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nTotal capital ratio\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n12.64\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n12.25\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n12.13\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nTangible common equity (“TCE”) ratio (1)\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n8.04\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n7.91\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n8.68\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNet recoveries (charge offs)\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n552\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n(108\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n930\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nNet recoveries/average loans receivable (2)\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n0.01\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 \n0.03\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$\n\n \n\n \n\n \n172,996\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n163,544\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n151,580\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nAllowance for credit losses to loans receivable\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1.16\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 \n1.09\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1.04\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNonperforming assets to total assets (3)\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n0.38\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 \n0.39\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 \n0.61\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nReturn on average assets (“ROA”) (2)\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n0.74\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 \n0.82\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 \n1.17\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nReturn on average equity (“ROE”) (2)\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n7.34\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n7.65\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10.33\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nReturn on average TCE (“ROTCE”) (1) (2)\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n9.49\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 \n9.93\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n13.48\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nROA (PPNR) (1) (2)\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1.18\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 \n1.14\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1.65\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nROE (PPNR) (1) (2)\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n11.65\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10.65\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n14.66\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNet interest margin (2)\n\n \n\n \n\n \n \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 \n \n\n \n\n \n\n \n3.02\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n3.36\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNoninterest expense / average assets (2)\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1.71\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1.89\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1.80\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nEfficiency ratio\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n59.13\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 \n62.38\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 \n52.09\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n__________________\n\n \n \n (1) \n \n \nPPNR, TCE ratio, ROTCE, ROA (PPNR), and ROE (PPNR) 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 Page 10.\n\n \n\n \n\n \n \n \n(2)\n\n \n\n \n\n \n \nAnnualized.\n\n \n\n \n\n \n \n \n(3)\n\n \n\n \n\n \n \nExcludes delinquent Small Business Administration (“SBA”) loans that are guaranteed and currently in liquidation.\n\n \n\n \n\n \n \n Operating Results for the 2023 Second Quarter \n\n \n Net interest income. Net interest income before provision for credit losses for the 2023 second quarter totaled $130.7 million , a decrease of 2% compared with $133.9 million in the preceding first quarter. 2023 second quarter interest income of $267.2 million increased $30.5 million quarter-over-quarter, driven by growth in average interest earning cash and deposits at other banks, as well as expanding loan yields. This was offset by higher interest expense, which increased $33.7 million quarter-over-quarter, reflecting a higher cost of interest bearing deposits and a higher volume of average borrowings.\n\n \nThe net interest margin for the 2023 second quarter decreased 32 basis points to 2.70%, from 3.02% in the preceding first quarter, primarily reflecting a higher cost of funds and an increase in average borrowings, partially offset by loan yield expansion and growth in average interest earning cash and deposits at other banks.\n\n \nThe weighted average yield on loans for the 2023 second quarter was 5.99%, up 24 basis points from 5.75% in the preceding first quarter. This reflected increases in market interest rates and a significant increase in the average rate on new loans. The average rate on new loans originated in the 2023 second quarter was 8.37%, up 84 basis points quarter-over-quarter.\n\n \nThe weighted average cost of total deposits for the 2023 second quarter was 2.79%, up 42 basis points from 2.37% in the preceding first quarter, reflecting higher rates paid on interest bearing deposit accounts.\n\n \n Noninterest income. Noninterest income for the 2023 second quarter totaled $17.0 million , up 55% from $11.0 million in the preceding first quarter. Other income and fees for the 2023 second quarter included a $5.8 million cash distribution from a gain on an investment in an affordable housing partnership. During the 2023 second quarter, the Company sold $38.4 million of the guaranteed portion of SBA 7(a) loans and $6.6 million of residential mortgage loans, for a gain on loan sales of $2.0 million , compared with $40.7 million and $7.3 million , respectively, sold in the preceding first quarter for a gain on loan sales of $2.3 million .\n\n \n Noninterest expense. Noninterest expense for the 2023 second quarter decreased 3% to $87.3 million , down from $90.4 million in the preceding first quarter. The quarter-over-quarter change was primarily driven by lower salaries and employee benefits expense, partially offset by the impact of an industry-wide increase in the FDIC assessment rate of two basis points.\n\n \nThe Company’s efficiency ratio for the 2023 second quarter improved to 59.1% from 62.4% in the preceding first quarter. Annualized noninterest expense as a percentage of average assets was 1.71% for the 2023 second quarter, down from 1.89% for the 2023 first quarter.\n\n \n Tax rate. The effective tax rate for the 2023 second quarter was 26.1%, compared with 25.9% for the preceding first quarter. The year-to-date effective tax rate for the first six months of 2023 was 26.0%.\n\n \n Balance Sheet Summary \n\n \n Loans. New loan originations for the 2023 second quarter totaled $490.6 million , compared with $568.7 million for the preceding first quarter. The following table sets forth the components of new loan production for the quarters ended June 30, 2023 , March 31, 2023 , and June 30, 2022 .\n\n \n \n \n \n\n \n\n \n\n \n \n For the Three Months Ended \n\n \n\n \n\n \n \n \n(dollars in thousands) (unaudited)\n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n \nCommercial real estate (“CRE”) loans\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n115,444\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n176,798\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n522,093\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 \n318,063\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n344,194\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n544,639\n\n \n\n \n\n \n \n \nSBA loans\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n38,051\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n29,977\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n35,085\n\n \n\n \n\n \n \n \nResidential mortgage loans\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n18,736\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n14,317\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n181,408\n\n \n\n \n\n \n \n \nOther loans\n\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 \n3,375\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,770\n\n \n\n \n\n \n \n \nTotal new loan originations\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n490,574\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n568,661\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n1,285,995\n\n \n\n \n\n \n \nAt June 30, 2023 , loans receivable decreased 1% quarter-over-quarter to $14.86 billion from $15.06 billion at March 31, 2023 . Year-over-year, loans receivable grew 2%, up from $14.55 billion at June 30, 2022 . The following table sets forth the loan portfolio composition and percentage of total loans at June 30, 2023 , March 31, 2023 , and June 30, 2022 :\n\n \n \n \n(dollars in thousands) (unaudited)\n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Percentage \n\n \n\n \n\n \n \n\n \n\n \n\n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Percentage \n\n \n\n \n\n \n \n\n \n\n \n\n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Percentage \n\n \n\n \n\n \n \n \nC&I loans\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n4,805,126\n\n \n\n \n\n \n \n\n \n\n \n\n \n32.3\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n4,821,270\n\n \n\n \n\n \n \n\n \n\n \n\n \n32.0\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n4,395,738\n\n \n\n \n\n \n \n\n \n\n \n\n \n30.2\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nCRE loans\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n9,192,160\n\n \n\n \n\n \n \n\n \n\n \n\n \n61.9\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 \n9,373,529\n\n \n\n \n\n \n \n\n \n\n \n\n \n62.2\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 \n9,335,020\n\n \n\n \n\n \n \n\n \n\n \n\n \n64.2\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 \n867,524\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.8\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 \n870,050\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.8\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 \n815,291\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.6\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$\n\n \n\n \n\n \n14,864,810\n\n \n\n \n\n \n \n\n \n\n \n\n \n100.0\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,064,849\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 \n14,546,049\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. At June 30, 2023 , total deposits decreased 1% to $15.62 billion from $15.83 billion at March 31, 2023 . Year-over-year, total deposits grew 4%, up from $15.03 billion at June 30, 2022 . The following table sets forth the deposit composition and percentage of total deposits at June 30, 2023 , March 31, 2023 , and June 30, 2022 :\n\n \n \n \n(dollars in thousands) (unaudited)\n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Percentage \n\n \n\n \n\n \n \n\n \n\n \n\n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Percentage \n\n \n\n \n\n \n \n\n \n\n \n\n \n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Percentage \n\n \n\n \n\n \n \n \nNoninterest bearing demand deposits\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n4,229,247\n\n \n\n \n\n \n \n\n \n\n \n\n \n27.1\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n4,504,621\n\n \n\n \n\n \n \n\n \n\n \n\n \n28.4\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n5,689,992\n\n \n\n \n\n \n \n\n \n\n \n\n \n37.9\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nMoney market and interest bearing\n\n \n\n \ndemand deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n4,188,584\n\n \n\n \n\n \n \n\n \n\n \n\n \n26.8\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 \n4,331,998\n\n \n\n \n\n \n \n\n \n\n \n\n \n27.4\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 \n6,339,467\n\n \n\n \n\n \n \n\n \n\n \n\n \n42.2\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nSavings deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n224,495\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.4\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 \n231,704\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.5\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 \n326,927\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.1\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 \n6,977,026\n\n \n\n \n\n \n \n\n \n\n \n\n \n44.7\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 \n6,759,886\n\n \n\n \n\n \n \n\n \n\n \n\n \n42.7\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 \n2,673,244\n\n \n\n \n\n \n \n\n \n\n \n\n \n17.8\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$\n\n \n\n \n\n \n15,619,352\n\n \n\n \n\n \n \n\n \n\n \n\n \n100.0\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,828,209\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 \n15,029,630\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 Liquidity. At June 30, 2023 , cash and cash equivalents increased to $2.30 billion from $2.21 billion at March 31, 2023 , and up from $0.20 billion at June 30, 2022 . Available borrowing capacity, cash and cash equivalents, and unpledged investment securities totaled $7.75 billion , equivalent to 50% of total deposits at June 30, 2023 , and well exceeding the Bank’s uninsured deposit balances.\n\n \n Borrowings and Convertible Notes. Federal Home Loan Bank and Federal Reserve Bank borrowings were $2.26 billion at June 30, 2023 , compared with $2.13 billion at March 31, 2023 , and $0.57 billion at June 30, 2022 . At the expiration of the Optional Put for the holders of the Company’s 2% Convertible Senior Notes due 2038, $197 million of the principal amount was paid off on May 15, 2023 , with existing cash.\n\n \n Allowance for Credit Losses \n\n \nFor the 2023 second quarter, the Company recorded a provision for credit losses of $8.9 million , compared with $1.7 million in the preceding first quarter, building its allowance for credit losses. The allowance for credit losses increased to $173.0 million at June 30, 2023 , up from $163.5 million at March 31, 2023 . The allowance coverage ratio increased to 1.16% of loans receivable at June 30, 2023 , up from 1.09% a quarter ago.\n\n \nThe following table sets forth the allowance for credit losses and allowance coverage ratios at June 30, 2023 , March 31, 2023 , and June 30, 2022 :\n\n \n \n \n(dollars in thousands) (unaudited)\n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n \nAllowance for credit losses\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n172,996\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n163,544\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n151,580\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 \n1.16\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 \n1.09\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1.04\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n Credit Quality \n\n \nAsset quality continued to be healthy. The Company recorded net recoveries of $552 thousand in the 2023 second quarter, representing an annualized net recovery ratio of 0.01% of average loans. The following table sets forth net recoveries (charge offs) and net recoveries to average loans receivable, annualized, for the three months ended June 30, 2023 , March 31, 2023 , and June 30, 2022 :\n\n \n \n \n \n\n \n\n \n\n \n \n For the Three Months Ended \n\n \n\n \n\n \n \n \n(dollars in thousands) (unaudited)\n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n \nNet recoveries (charge offs)\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n552\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n(108\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n930\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nNet recoveries/average loans receivable (annualized)\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n0.01\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 \n0.03\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n Nonperforming assets. Nonperforming assets totaled $77.4 million at June 30, 2023 , a decrease of 3% quarter-over-quarter, and a decrease of 30% year-over-year. The nonperforming assets ratio improved to 0.38% of total assets at June 30, 2023 , down from 0.39% at March 31, 2023 , and down from 0.61% at June 30, 2022 . Nonperforming loans decreased 4% quarter-over-quarter to $76.4 million at June 30, 2023 , down from $79.2 million at March 31, 2023 , and decreased 30% year-over-year from $108.6 million at June 30, 2022 .\n\n \nThe following table sets forth the components of nonperforming assets at June 30, 2023 , March 31, 2023 , and June 30, 2022 :\n\n \n \n \n(dollars in thousands) (unaudited)\n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n \nLoans on nonaccrual status (1)\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n61,252\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n78,861\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n69,522\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 \n15,182\n\n \n\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\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n12,468\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 \n26,572\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 \n76,434\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n79,225\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n108,562\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 \n938\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n938\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,010\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$\n\n \n\n \n\n \n77,372\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n80,163\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n110,572\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\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 \n0.38\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 \n0.39\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 \n0.61\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 $11.9 million , $7.6 million and $13.2 million at June 30, 2023 , March 31, 2023 , and June 30, 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. Total criticized loans were $345.0 million at June 30, 2023 , compared with $304.7 million at March 31, 2023 , and $340.5 million at June 30, 2022 .\n\n \n Capital \n\n \nThe Company’s capital ratios remained strong. At June 30, 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 June 30, 2023 , March 31, 2023 , and June 30, 2022 :\n\n \n \n \n(unaudited)\n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n Minimum Guideline for\n“Well-Capitalized” \n\n \n\n \n\n \n \n \nCommon Equity Tier 1 Capital Ratio\n\n \n\n \n\n \n \n11.06%\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.75%\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.69%\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 \n11.68%\n\n \n\n \n\n \n \n\n \n\n \n\n \n11.36%\n\n \n\n \n\n \n \n\n \n\n \n\n \n11.33%\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 \n12.64%\n\n \n\n \n\n \n \n\n \n\n \n\n \n12.25%\n\n \n\n \n\n \n \n\n \n\n \n\n \n12.13%\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 \n9.57%\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.13%\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 \n5.00%\n\n \n\n \n\n \n \nThe following table sets forth the TCE per share and the TCE ratio at June 30, 2023 , March 31, 2023 , and June 30, 2022 :\n\n \n \n \n(unaudited)\n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n \nTCE per share (1)\n\n \n\n \n\n \n \n $13.32 \n\n \n\n \n\n \n \n\n \n\n \n\n \n $13.26 \n\n \n\n \n\n \n \n\n \n\n \n\n \n $12.80 \n\n \n\n \n\n \n \n \nTCE ratio (1)\n\n \n\n \n\n \n \n8.04%\n\n \n\n \n\n \n \n\n \n\n \n\n \n7.91%\n\n \n\n \n\n \n \n\n \n\n \n\n \n8.68%\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 Page 10.\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 Monday, July 24, 2023 at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review unaudited financial results for its second quarter ended June 30, 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 July 31, 2023 , replay access code 8610354.\n\n \n Non-GAAP Financial Metrics \n\n \nThis news release contains certain non-GAAP financial measure disclosures, including PPNR, TCE per share, TCE ratio, ROTCE, ROA (PPNR), and ROE (PPNR). 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 Page 10.\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 $20.37 billion in total assets as of June 30, 2023 . Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, Bank of Hope operates 53 full-service branches in California , Washington , Texas , Illinois , New York , New Jersey , Virginia , Alabama , and Georgia . The Bank also operates SBA loan production offices in Seattle , Denver , Dallas , Atlanta , Portland, New York City, Northern California and Houston ; commercial loan production offices in Northern California , Seattle and Tampa, Fla. ; residential mortgage loan production offices in Southern California ; and a representative office in Seoul, Korea . Bank of Hope specializes in core business banking products for small and medium-sized businesses, with an emphasis in commercial real estate lending, commercial and industrial lending, SBA lending, and international trade financing. 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 environment in which we operate, projections of future performance, perceived opportunities in the market and statements regarding our business strategies, objectives and vision. 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; regulatory risks associated with current and future regulations; and the COVID-19 pandemic and its impact on our financial position, results of operations, liquidity, and capitalization. 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\n \n \n \n Selected Financial Data \n\n \n\n \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 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \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 6/30/2022 \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 \n2,302,339\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n2,212,637\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n197,062\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,068\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 \n2,186,346\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,231,989\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 \n2,352,997\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 Federal Home Loan Bank (“FHLB”) stock and other investments\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n60,213\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n59,962\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n87,109\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(31\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 \n49,246\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n125,268\n\n \n\n \n\n \n \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 \n76,376\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(36\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 \n14,864,810\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n15,064,849\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 \n14,546,049\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 \nAllowance for credit losses\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n(172,996\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(163,544\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 \n\n \n\n \n \n\n \n\n \n\n \n(151,580\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 \nNet loans receivable\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n14,691,814\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n14,901,305\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 \n14,394,469\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 \nAccrued interest receivable\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n60,118\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n57,021\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 \n37,845\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n59\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 \n50,513\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n47,887\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 \n46,093\n\n \n\n \n\n \n \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 \nBank owned life insurance\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n88,238\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n87,842\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n77,692\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 Goodwill \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n464,450\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n464,450\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n464,450\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nServicing assets\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n11,532\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,628\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 \n11,215\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 \nOther intangible assets, net\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n4,830\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,278\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(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 \n6,698\n\n \n\n \n\n \n \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 \nOther assets\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n396,499\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n363,617\n\n \n\n \n\n \n \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 \n337,056\n\n \n\n \n\n \n \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 \nTotal assets\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n20,366,138\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n20,568,884\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$\n\n \n\n \n\n \n18,089,062\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n13\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n Liabilities: \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nDeposits\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n15,619,352\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,828,209\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(1\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,029,630\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 FHLB and Federal Reserve Bank (“FRB”) borrowings\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,260,000\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 \n2,130,000\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 \n\n \n\n \n \n\n \n\n \n\n \n573,000\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n294\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nConvertible notes, net\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n444\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n206,658\n\n \n\n \n\n \n \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 \n216,678\n\n \n\n \n\n \n \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 \nSubordinated debentures\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n107,188\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n106,875\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n105,953\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 \nAccrued interest payable\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n109,236\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n53,818\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n103\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,112\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,557\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 \n201,920\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n184,744\n\n \n\n \n\n \n \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 \n159,320\n\n \n\n \n\n \n \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 \nTotal liabilities\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n18,298,140\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n18,510,304\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 \n16,088,693\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\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \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 \n137\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n137\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\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 \n—\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 \n1,433,788\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,430,977\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,424,891\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 \n1,127,624\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,106,390\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 \n1,011,715\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 \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(228,884\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 \n(214,257\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(171,707\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \n(33\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 \n2,067,998\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,058,580\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,000,369\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 \nTotal liabilities and stockholders’ equity\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n20,366,138\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n20,568,884\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 \n18,089,062\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n13\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\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 \n120,014,888\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 \n119,865,732\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n119,473,939\n\n \n\n \n\n \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\n \n \n \n Selected Financial Data \n\n \n\n \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 Three Months Ended \n\n \n\n \n\n \n \n\n \n\n \n\n \n Six Months Ended \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \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 6/30/2022 \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 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n% change\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 \n225,671\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n215,935\n\n \n\n \n\n \n \n\n \n\n \n\n \n5\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n145,024\n\n \n\n \n\n \n \n\n \n\n \n\n \n56\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n441,606\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n277,696\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n59\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 \n15,534\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n15,125\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 \n12,308\n\n \n\n \n\n \n \n\n \n\n \n\n \n26\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n30,659\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n23,964\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 \nInterest on cash and deposits at other banks\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n25,295\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,922\n\n \n\n \n\n \n \n\n \n\n \n\n \n414\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n74\n\n \n\n \n\n \n \n\n \n\n \n\n \n34,082\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n30,217\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n211\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n14,221\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nInterest on other investments\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n684\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n695\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 \n418\n\n \n\n \n\n \n \n\n \n\n \n\n \n64\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,379\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n825\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n67\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 \n267,184\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n236,677\n\n \n\n \n\n \n \n\n \n\n \n\n \n13\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n157,824\n\n \n\n \n\n \n \n\n \n\n \n\n \n69\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n503,861\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n302,696\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n66\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\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 \n109,724\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n92,348\n\n \n\n \n\n \n \n\n \n\n \n\n \n19\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n12,220\n\n \n\n \n\n \n \n\n \n\n \n\n \n798\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n202,072\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n20,896\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n867\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 \n26,771\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10,451\n\n \n\n \n\n \n \n\n \n\n \n\n \n156\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,066\n\n \n\n \n\n \n \n\n \n\n \n\n \n558\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n37,222\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n7,086\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n425\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 \n136,495\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n102,799\n\n \n\n \n\n \n \n\n \n\n \n\n \n33\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n16,286\n\n \n\n \n\n \n \n\n \n\n \n\n \n738\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n239,294\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n27,982\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n755\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\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 (credit) for credit losses\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n130,689\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n133,878\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 \n141,538\n\n \n\n \n\n \n \n\n \n\n \n\n \n(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 \n264,567\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n274,714\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 \nProvision (credit) for credit losses\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n8,900\n\n \n\n \n\n \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 \n424\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n3,200\n\n \n\n \n\n \n \n\n \n\n \n\n \n178\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10,600\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(7,800\n\n \n\n \n\n \n)\n\n \n\n \n\n \n \n\n \n\n \n\n \nN/A\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nNet interest income after provision (credit) for credit losses\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n121,789\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n132,178\n\n \n\n \n\n \n \n\n \n\n \n\n \n(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 \n138,338\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 \n253,967\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n282,514\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 \nService fees on deposit accounts\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,325\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,221\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 \n2,270\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 \n4,546\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,244\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 \nNet gains on sales of SBA loans\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,872\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,225\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 \n5,804\n\n \n\n \n\n \n \n\n \n\n \n\n \n(68\n\n \n\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 \n11,407\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(64\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n \nNet gains on sales of residential mortgage loans\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n82\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n64\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 \n76\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 \n146\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n833\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(82\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 \n12,735\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n6,468\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 \n4,596\n\n \n\n \n\n \n \n\n \n\n \n\n \n177\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n19,203\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,448\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n103\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 \n17,014\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10,978\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\n \n\n \n\n \n \n\n \n\n \n\n \n12,746\n\n \n\n \n\n \n \n\n \n\n \n\n \n33\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n27,992\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n25,932\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\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\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 \n52,305\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n57,169\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 \n51,058\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 \n109,474\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n98,803\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 \nOccupancy\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n6,967\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n7,521\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 \n7,178\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 \n14,488\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n14,513\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\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 \n5,393\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,058\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 \n4,778\n\n \n\n \n\n \n \n\n \n\n \n\n \n13\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n10,451\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,422\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 \nData processing and communications\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,917\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,822\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 \n2,893\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 \n5,739\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,354\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 FDIC assessment\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n4,691\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,781\n\n \n\n \n\n \n \n\n \n\n \n\n \n163\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,450\n\n \n\n \n\n \n \n\n \n\n \n\n \n224\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n6,472\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n3,019\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n114\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 \n5,090\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,427\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 \n835\n\n \n\n \n\n \n \n\n \n\n \n\n \n510\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,517\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,311\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n626\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nOther\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n9,970\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(14\n\n \n\n \n\n \n)%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n12,173\n\n \n\n \n\n \n \n\n \n\n \n\n \n(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 \n21,546\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n23,316\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(8\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 \n87,333\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n90,354\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 \n80,365\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 \n177,687\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n155,738\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 \nIncome before income taxes\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n51,470\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n52,802\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 \n70,719\n\n \n\n \n\n \n \n\n \n\n \n\n \n(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 \n104,272\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n152,708\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(32\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 \n13,448\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n13,681\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 \n18,631\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 \n27,129\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n39,882\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(32\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 38,022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n $ \n\n \n\n \n\n \n 39,121 \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 \n 52,088 \n\n \n\n \n\n \n \n\n \n\n \n\n \n(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 \n 77,143 \n\n \n\n \n\n \n \n\n \n\n \n\n \n $ \n\n \n\n \n\n \n 112,826 \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(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\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\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 - Basic\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n0.32\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n0.33\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 \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 \n0.64\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n0.94\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \nEarnings Per Common Share - Diluted\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n0.32\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n0.33\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\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$\n\n \n\n \n\n \n0.64\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n0.93\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \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 - Basic\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n119,953,174\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n119,551,247\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n120,219,919\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n119,753,321\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n120,175,894\n\n \n\n \n\n \n \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 \n120,129,359\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n120,242,295\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n120,699,638\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n120,179,443\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n120,898,605\n\n \n\n \n\n \n \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\n \n \n \n Selected Financial Data \n\n \n\n \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 For the Three Months Ended \n\n \n\n \n\n \n \n\n \n\n \n\n \n For the Six Months Ended \n\n \n\n \n\n \n \n \n Profitability measures (annualized): \n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n \nROA\n\n \n\n \n\n \n \n0.74\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.82\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.17\n\n \n\n \n\n \n%\n\n \n\n \n\n \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 \n1.27\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nROE\n\n \n\n \n\n \n \n7.34\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n7.65\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.33\n\n \n\n \n\n \n%\n\n \n\n \n\n \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 \n10.99\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nROA (PPNR) (1)\n\n \n\n \n\n \n \n1.18\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.14\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.65\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.16\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.63\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nROE (PPNR) (1)\n\n \n\n \n\n \n \n11.65\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n10.65\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n14.66\n\n \n\n \n\n \n%\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 \n \n\n \n\n \n\n \n14.11\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nROTCE (1)\n\n \n\n \n\n \n \n9.49\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n9.93\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n13.48\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n9.70\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n14.27\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 \n3.02\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 \n2.85\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.28\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 \n59.13\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n62.38\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n52.09\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n60.74\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n51.80\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 \n1.71\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.89\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.80\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.80\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.75\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 \nROA (PPNR), ROE (PPNR), and ROTCE 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 Page 10.\n\n \n\n \n\n \n \n \n \n Hope Bancorp, Inc. \n\n \n\n \n\n \n \n \n Selected Financial Data \n\n \n\n \n\n \n \n \nUnaudited (dollars in thousands)\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 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n Average\n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Interest\nIncome/\n Expense \n\n \n\n \n\n \n \n\n \n\n \n\n \n Annualized\nAverage\n Yield/Cost \n\n \n\n \n\n \n \n\n \n\n \n\n \n Average\n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Interest\nIncome/\n Expense \n\n \n\n \n\n \n \n\n \n\n \n\n \n Annualized\nAverage\n Yield/Cost \n\n \n\n \n\n \n \n\n \n\n \n\n \n Average\n Balance \n\n \n\n \n\n \n \n\n \n\n \n\n \n Interest\nIncome/\n Expense \n\n \n\n \n\n \n \n\n \n\n \n\n \n Annualized\nAverage\n Yield/Cost \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \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 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$\n\n \n\n \n\n \n15,105,212\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n225,671\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.99\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,235,386\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n215,935\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.75\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n14,327,476\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n145,024\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.06\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 \n2,243,614\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n15,534\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.78\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 \n2,248,479\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n15,125\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.73\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,424,454\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n12,308\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.04\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 \n1,996,924\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n25,295\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.08\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n473,344\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,922\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.22\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 \n64,545\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n74\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.46\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 \n47,044\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n684\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.83\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 \n47,043\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n695\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.99\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n69,510\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n418\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.41\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$\n\n \n\n \n\n \n19,392,794\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n267,184\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.53\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n18,004,252\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n236,677\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.33\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n16,885,985\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n157,824\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.75\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \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 and interest bearing demand\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n4,279,819\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n34,377\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.22\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n5,341,057\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n41,399\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.14\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n6,487,890\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n8,655\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.54\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nSavings deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n216,060\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n674\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.25\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 \n256,194\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n827\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.31\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 \n323,114\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n937\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.16\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 \n6,890,035\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n74,673\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 \n5,543,369\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n50,122\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.67\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,277,938\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,628\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.46\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 \n11,385,914\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n109,724\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.87\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,140,620\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n92,348\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 \n \n\n \n\n \n\n \n9,088,942\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n12,220\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.54\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 \n2,177,264\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n23,622\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 \n676,444\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n6,698\n\n \n\n \n\n \n \n\n \n\n \n\n \n4.02\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n577,966\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,457\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.01\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nConvertible notes, net\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n96,621\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n598\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.45\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n217,114\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,322\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\n \n\n \n\n \n \n\n \n\n \n\n \n216,540\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,322\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.42\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nSubordinated debentures\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n103,123\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,551\n\n \n\n \n\n \n \n\n \n\n \n\n \n9.79\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 \n102,791\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,431\n\n \n\n \n\n \n \n\n \n\n \n\n \n9.46\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n101,880\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,287\n\n \n\n \n\n \n \n\n \n\n \n\n \n5.00\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$\n\n \n\n \n\n \n13,762,922\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n136,495\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.98\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n12,136,969\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n102,799\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.44\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n9,985,328\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n16,286\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.65\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 \n4,366,820\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,662,139\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,715,830\n\n \n\n \n\n \n \n\n \n\n \n\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$\n\n \n\n \n\n \n18,129,742\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n3.02\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n16,799,108\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2.48\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,701,158\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n0.42\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nNet interest income/net interest spread\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n130,689\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.55\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n133,878\n\n \n\n \n\n \n \n\n \n\n \n\n \n1.89\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n141,538\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.10\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 3.02 \n\n \n\n \n\n \n % \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \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$\n\n \n\n \n\n \n4,366,820\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n4,662,139\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n5,715,830\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n—\n\n \n\n \n\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 \n11,385,914\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n109,724\n\n \n\n \n\n \n \n\n \n\n \n\n \n3.87\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,140,620\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n92,348\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 \n \n\n \n\n \n\n \n9,088,942\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n12,220\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.54\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$\n\n \n\n \n\n \n15,752,734\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n109,724\n\n \n\n \n\n \n \n\n \n\n \n\n \n2.79\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,802,759\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n92,348\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\n \n\n \n\n \n$\n\n \n\n \n\n \n14,804,772\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n12,220\n\n \n\n \n\n \n \n\n \n\n \n\n \n0.33\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\n \n \n \n Selected Financial Data \n\n \n\n \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 Six Months Ended \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n 6/30/2022 \n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n Average\n Balance \n\n \n\n \n\n \n \n Interest\nIncome/\n Expense \n\n \n\n \n\n \n \n Annualized\nAverage\n Yield/Cost \n\n \n\n \n\n \n \n Average\n Balance \n\n \n\n \n\n \n \n Interest\nIncome/\n Expense \n\n \n\n \n\n \n \n Annualized\nAverage\n Yield/Cost \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 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 \nLoans, including loans held for sale\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n15,169,939\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n441,606\n\n \n\n \n\n \n \n5.87\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n14,100,983\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n277,696\n\n \n\n \n\n \n \n3.97\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 \n2,246,033\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n30,659\n\n \n\n \n\n \n \n2.75\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,522,293\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n23,964\n\n \n\n \n\n \n \n1.92\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 \n1,239,343\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n30,217\n\n \n\n \n\n \n \n4.92\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n173,836\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n211\n\n \n\n \n\n \n \n0.24\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 \n47,044\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,379\n\n \n\n \n\n \n \n5.91\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n68,974\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n825\n\n \n\n \n\n \n \n2.41\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$\n\n \n\n \n\n \n18,702,359\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n503,861\n\n \n\n \n\n \n \n5.43\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n16,866,086\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n302,696\n\n \n\n \n\n \n \n3.62\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n \n\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 \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 \nMoney market and interest bearing demand\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n4,807,506\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n75,775\n\n \n\n \n\n \n \n3.18\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n6,413,292\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n14,355\n\n \n\n \n\n \n \n0.45\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nSavings deposits\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n236,016\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,501\n\n \n\n \n\n \n \n1.28\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n320,824\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,865\n\n \n\n \n\n \n \n1.17\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 \n6,220,422\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n124,796\n\n \n\n \n\n \n \n4.05\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,447,771\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n4,676\n\n \n\n \n\n \n \n0.39\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 \n11,263,944\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n202,072\n\n \n\n \n\n \n \n3.62\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n9,181,887\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n20,896\n\n \n\n \n\n \n \n0.46\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 \n1,431,000\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n30,320\n\n \n\n \n\n \n \n4.27\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n411,187\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,144\n\n \n\n \n\n \n \n1.05\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nConvertible notes, net\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n156,535\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,920\n\n \n\n \n\n \n \n2.44\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n216,423\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,645\n\n \n\n \n\n \n \n2.43\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \nSubordinated debentures\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n102,958\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n4,982\n\n \n\n \n\n \n \n9.62\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n101,729\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,297\n\n \n\n \n\n \n \n4.49\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$\n\n \n\n \n\n \n12,954,437\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n239,294\n\n \n\n \n\n \n \n3.73\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n9,911,226\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n27,982\n\n \n\n \n\n \n \n0.57\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 \n4,513,664\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n5,694,418\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$\n\n \n\n \n\n \n17,468,101\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n2.76\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n15,605,644\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 \nNet interest income/net interest spread\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n264,567\n\n \n\n \n\n \n \n1.70\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n274,714\n\n \n\n \n\n \n \n3.05\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 2.85 \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 \n\n \n \n 3.28 \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\n \n\n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n \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 \nNoninterest bearing demand deposits\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n4,513,664\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n—\n\n \n\n \n\n \n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n5,694,418\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \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 \n11,263,944\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n202,072\n\n \n\n \n\n \n \n3.62\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n9,181,887\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n20,896\n\n \n\n \n\n \n \n0.46\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$\n\n \n\n \n\n \n15,777,608\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n202,072\n\n \n\n \n\n \n \n2.58\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n14,876,305\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n20,896\n\n \n\n \n\n \n \n0.28\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\n \n \n \n Selected Financial Data \n\n \n\n \n\n \n \n \nUnaudited (dollars in thousands)\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 Six Months Ended \n\n \n\n \n\n \n \n \n AVERAGE BALANCES: \n\n \n\n \n\n \n \n 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \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 6/30/2022 \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 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 6/30/2022 \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$\n\n \n\n \n\n \n15,105,212\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,235,386\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$\n\n \n\n \n\n \n14,327,476\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n15,169,939\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n14,100,983\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 \nInvestment securities\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n2,243,614\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,248,479\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,424,454\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 \n2,246,033\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,522,293\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 \nInterest earning cash and deposits at other banks\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n1,996,924\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n473,344\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n322\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n64,545\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2994\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n1,239,343\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n173,836\n\n \n\n \n\n \n \n\n \n\n \n\n \n613\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 \n19,392,794\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n18,004,252\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 \n16,885,985\n\n \n\n \n\n \n \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 \n18,702,359\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n16,866,086\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 assets\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n20,468,810\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n19,087,170\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 \n17,876,945\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 \n19,781,806\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n17,810,045\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 \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\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 \n11,385,914\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n11,140,620\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 \n9,088,942\n\n \n\n \n\n \n \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 \n11,263,944\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,181,887\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 \nInterest bearing liabilities\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n13,762,922\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n12,136,969\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n13\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,985,328\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n38\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n12,954,437\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,911,226\n\n \n\n \n\n \n \n\n \n\n \n\n \n31\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 \n4,366,820\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n4,662,139\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 \n5,715,830\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n(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 \n4,513,664\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n5,694,418\n\n \n\n \n\n \n \n\n \n\n \n\n \n(21\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 \n2,072,859\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,046,159\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 \n2,016,577\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 \n2,059,583\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n2,053,461\n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n \n \n\n \n\n \n\n \n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \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 6/30/2023 \n\n \n\n \n\n \n \n\n \n\n \n\n \n 3/31/2023 \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 6/30/2022 \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 and industrial (“C&I”) loans\n\n \n\n \n\n \n \n$\n\n \n\n \n\n \n4,805,126\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n4,821,270\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n—\n\n \n\n \n\n \n%\n\n \n\n \n\n \n \n\n \n\n \n\n \n$\n\n \n\n \n\n \n4,395,738\n\n \n\n \n\n \n \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 \nCommercial real estate (“CRE”) loans\n\n \n\n \n\n \n \n \n\n \n\n \n\n \n9,192,160\n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n \n\n \n\n \n\n \n9,373,529\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 \...

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