Hope Bancorp, Inc. (HOPE) financial statements (2022 and earlier)

Company profile

Business Address 3200 WILSHIRE BLVD
LOS ANGELES, CA 90010
State of Incorp. DE
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments387439 460492437
Cash and cash equivalents329379 460492437
Short-term investments5860    
Total current assets:387439 460492437
Noncurrent Assets
Operating lease, right-of-use asset5348 
Property, plant and equipment4648 545755
Intangible assets, net (including goodwill)472474 479481482
Goodwill464464 464464463
Intangible assets, net (excluding goodwill)810 141719
Deferred income tax assets5048 
Total noncurrent assets:620618 532538538
Other undisclosed assets16,88216,050 14,31413,17712,467
TOTAL ASSETS:17,88917,107 15,30614,20713,441
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 150 345430 
Total current liabilities: 150 345430 
Noncurrent Liabilities
Long-term debt and lease obligation4538    
Operating lease, liability4538 
Liabilities, other than long-term debt1015 4738 
Qualified affordable housing project investments, commitment1015 4738 
Total noncurrent liabilities:5453 4738 
Other undisclosed liabilities15,74214,849 13,01111,81011,586
Total liabilities:15,79615,053 13,40312,27811,586
Commitments and contingencies     24
Stockholders' equity
Stockholders' equity attributable to parent2,0932,054 1,9031,9281,855
Common stock00 000
Treasury stock, value(250)(200) (150)  
Additional paid in capital1,4221,435 1,4231,4051,400
Accumulated other comprehensive income (loss)(11)33 (33)(22)(15)
Retained earnings933786 662545470
Other undisclosed stockholders' equity     (24)
Total stockholders' equity:2,0932,054 1,9031,9281,831
TOTAL LIABILITIES AND EQUITY:17,88917,107 15,30614,20713,441

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues533555 627569437
Net investment income528555 594530396
Cost of revenue (95) (15)(17)(9)
Provision for loan, lease, and other losses (95)  
Financial services costs(15)(17)(9)
Gross profit:533460 612552428
Operating expenses(60)(53) (224)(212)(175)
Operating income:473407 388339254
Interest and debt expense(54)(131) (162)(91)(59)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (134) 2915(4)
Income from continuing operations before equity method investments, income taxes:419142 255264191
Other undisclosed loss from continuing operations before income taxes(143)     
Income from continuing operations before income taxes:275142 255264191
Income tax expense(71)(31) (66)(124)(77)
Net income available to common stockholders, diluted:205112 190139114

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:205112 190139114
Other comprehensive income (loss)(44)24 (11)(4)(13)
Comprehensive income, net of tax, attributable to parent:160135 178136101

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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