Hope Bancorp, Inc. (HOPE) financial statements (2021 and earlier)

Company profile

Business Address 3200 WILSHIRE BLVD
LOS ANGELES, CA 90010
State of Incorp.
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments748598659613460523466
Cash and cash equivalents699549610613460523466
Short-term investments494949    
Total current assets:748598659613460523466
Noncurrent Assets
Operating lease, right-of-use asset596160 
Property, plant and equipment52535353545556
Intangible assets, net (including goodwill)476477477478479479480
Goodwill464464464464464464464
Intangible assets, net (excluding goodwill)12121314141515
Total noncurrent assets:587590590531532534536
Other undisclosed assets14,33314,19114,09014,25514,31414,17213,868
TOTAL ASSETS:15,66715,38015,33915,39915,30615,22914,870
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3481632332453454040
Total current liabilities:3481632332453454040
Noncurrent Liabilities
Long-term debt and lease obligation485049    
Operating lease, liability485049 
Liabilities, other than long-term debt28333441475838
Qualified affordable housing project investments, commitment28333441475838
Total noncurrent liabilities:76838341475838
Other undisclosed liabilities13,20713,10313,02813,16713,01113,22712,886
Total liabilities:13,63113,34913,34413,45213,40313,32512,964
Stockholders' equity
Stockholders' equity attributable to parent2,0362,0311,9951,9461,9031,9051,906
Common stock0000000
Treasury stock, value(164)(150)(150)(150)(150)(100)(79)
Additional paid in capital1,4281,4271,4251,4241,4231,4231,422
Accumulated other comprehensive income (loss)9177(15)(33)(54)(45)
Retained earnings762737712687662636608
Total stockholders' equity:2,0362,0311,9951,9461,9031,9051,906
TOTAL LIABILITIES AND EQUITY:15,66715,38015,33915,39915,30615,22914,870

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues153158159163163161155
Net investment income153158159158157153146
Cost of revenue(1)(2)(1)(3)(3)(7)(2)
Provision for loan, lease, and other losses(1)(2)(1)    
Financial services costs(3)(3)(7)(2)
Gross profit:152156157160160154153
Operating expenses(18)(18)(19)(59)(55)(54)(59)
Operating income:13313813910210510094
Interest and debt expense(52)(56)(56)(54)(50)(45)(37)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(26)(25)(26)9677
Income from continuing operations before income taxes:55575757616264
Income tax expense(12)(15)(14)(14)(16)(15)(17)
Net income available to common stockholders, diluted:43434343444648

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:43434343444648
Other undisclosed comprehensive income (loss)42   (11)  
Comprehensive income:85434343334648
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(50)10231733(9)(6)
Comprehensive income, net of tax, attributable to parent:35526560663741

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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