HOPE earnings analysis
What we found in HOPE's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Hope Bancorp reported strong Q1 2026 results with net income of $29.5 million, or $0.23 EPS, up from $21.1 million or $0.17 EPS year-over-year, demonstrating a 40% growth in earnings. Revenue was $141.0 million, slightly below consensus expectations of $145.1 million, indicating a revenue miss despite an overall positive trend in net interest income driven by improved margins. Management anticipates completing the acquisition of SMBC MANUBANK’s Commercial Banking Unit in H2 2026, highlighting growth strategies alongside increased provision for credit losses.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Up 40% YoY
- Diluted EPS rose to $0.23 from $0.17, marking a 40% increase compared to Q1 2025.
- Net Interest Income Growth
- Net interest income increased by $23.2 million to $124.1 million, a 23.1% rise YoY.
- Strong Noninterest Income Growth
- Noninterest income grew year-over-year, reaching $17.0 million from $15.7 million, an increase of 8.2%.
- Improved Net Interest Margin
- Net interest margin expanded by 36 basis points to 2.90%, up from 2.54% for the same period last year.
- Deposit Growth Maintained
- Total deposits rose to $15.73 billion, up $123.3 million or 0.8% from December 31, 2025.
- Decreased Nonperforming Assets
- Nonperforming assets decreased to $120.5 million, down 11.4% from December 31, 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Revenue Missed Consensus
- Actual revenue was $141.0 million, missing the consensus estimate of $145.1 million by $4.1 million.
- Increased Provision for Credit Losses
- Provision for credit losses rose to $8.7 million compared to $4.8 million for Q1 2025, reflecting increased risk assessments.
- Higher Noninterest Expenses
- Noninterest expense grew to $94.5 million from $83.9 million, a 12.6% increase year-over-year.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.23
What they said about what is next.
No numeric revenue or EPS guidance provided; expects to close the MANUBANK acquisition in H2 2026.
The filing reads about the same as the one before it.
What came before.
- 10-K · February 25, 2026
- Hope Bancorp completed the Territorial Bancorp acquisition on April 2, 2025 and finished the year with a strong operational rebound: Q4 2025 revenue of $258.0 million, gross margin 56.4%, operating margin 16.6%, diluted…
- 10-Q · May 8, 2025
- Hope Bancorp reported total revenue (net interest income before provision plus noninterest income) of $116,505,000 for the quarter and diluted EPS of $0.17, down from $0.21 a year earlier. Net income declined to…
- 10-Q · August 6, 2024
- Hope Bancorp reported Q2 results with revenue (net interest income before provision + noninterest income) of $116,931,000 and GAAP net income of $25,270,000 (diluted EPS $0.21), down versus the prior-year quarter. Key…
- 10-Q · May 7, 2024
- Hope Bancorp reported quarter results with net income of $25,864,000 and diluted EPS of $0.21 for the three months ended March 31, 2024, down materially from $39,121,000 and $0.33 a year ago. Total revenue (net interest…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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