Hope Bancorp, Inc. (HOPE) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,345,3022,255,349549,907377,628266,379348,674
Cash and cash equivalents2,302,3392,212,637507,511335,304203,510292,000
Short-term investments42,96342,71242,39642,32462,86956,674
Total current assets:2,345,3022,255,349549,907377,628266,379348,674
Noncurrent Assets
Operating lease, right-of-use asset53,74453,21155,03455,36258,57350,209
Property, plant and equipment50,51347,88746,85946,16946,09345,642
Intangible assets, net (including goodwill)469,280469,728470,176470,662471,148471,634
Goodwill464,450464,450464,450464,450464,450464,450
Intangible assets, net (excluding goodwill)4,8305,2785,7266,2126,6987,184
Deferred income tax assets146,301139,262150,409149,383118,54190,172
Total noncurrent assets:719,838710,088722,478721,576694,355657,657
Other undisclosed assets17,300,99817,603,44717,892,10617,984,18417,128,32816,797,483
TOTAL ASSETS:20,366,13820,568,88419,164,49119,083,38818,089,06217,803,814
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,260,0002,130,000    
Total current liabilities:2,260,0002,130,000    
Noncurrent Liabilities
Long-term debt and lease obligation:    45,70048,80042,500
Liabilities, other than long-term debt52,92253,20857,11112,39914,4988,842
Operating lease, liability43,60043,60045,31945,70048,80042,500
Qualified affordable housing project investments, commitment9,3229,60811,79212,39914,4988,842
Total noncurrent liabilities:52,92253,20857,11158,09963,29851,342
Other undisclosed liabilities15,985,21816,327,09617,088,05217,049,56416,025,39515,711,415
Total liabilities:18,298,14018,510,30417,145,16317,107,66316,088,69315,762,757
Equity
Equity, attributable to parent2,067,9982,058,5802,019,3281,975,7252,000,3692,041,057
Common stock137137137137137137
Treasury stock, value(264,667)(264,667)(264,667)(264,667)(264,667)(250,000)
Additional paid in capital1,433,7881,430,9771,431,0031,428,0521,424,8911,422,602
Accumulated other comprehensive loss(228,884)(214,257)(230,857)(236,535)(171,707)(108,165)
Retained earnings1,127,6241,106,3901,083,7121,048,7381,011,715976,483
Total equity:2,067,9982,058,5802,019,3281,975,7252,000,3692,041,057
TOTAL LIABILITIES AND EQUITY:20,366,13820,568,88419,164,49119,083,38818,089,06217,803,814

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues241,287231,124222,736188,605157,408132,672
Net investment income241,205231,060222,716188,576157,332132,672
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(8,900)(1,700)(8,200)(9,200)(3,200) 
Gross profit:232,387229,424214,536179,405154,208132,672
Operating expenses(11,300)(11,886)(13,126)(12,086)(13,879)(13,643)
Operating income:221,087217,538201,410167,319140,329119,029
Interest and debt expense(136,495)(104,518)(73,716)(35,996)(16,286)(11,696)
Income from continuing operations before equity method investments, income taxes:84,592113,020127,694131,323124,043107,333
Other undisclosed loss from continuing operations before income taxes(33,122)(60,218)(57,781)(57,896)(53,324)(25,344)
Income from continuing operations before income taxes:51,47052,80269,91373,42770,71981,989
Income tax expense(13,448)(13,681)(18,210)(19,679)(18,631)(21,251)
Income from continuing operations:38,02239,12151,70353,74852,08860,738
Income before gain (loss) on sale of properties:53,74852,08860,738
Net income available to common stockholders, diluted:38,02239,12151,70353,74852,08860,738

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:38,02239,12151,70353,74852,08860,738
Comprehensive income:38,02239,12151,70353,74852,08860,738
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(14,627)16,6005,678(64,828)(63,542)(96,753)
Comprehensive income (loss), net of tax, attributable to parent:23,39555,72157,381(11,080)(11,454)(36,015)

Statements Sources

The financial statements are based on the Company's filings with 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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