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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments439 460492437298
Cash and cash equivalents379 460492437298
Short-term investments60     
Total current assets:439 460492437298
Noncurrent Assets
Operating lease, right-of-use asset48 
Property, plant and equipment48 54575535
Intangible assets, net (including goodwill)474 479481482108
Goodwill464 464464463105
Intangible assets, net (excluding goodwill)10 1417193
Deferred income tax assets48 
Total noncurrent assets:618 532538538143
Other undisclosed assets16,050 14,31413,17712,4677,471
TOTAL ASSETS:17,107 15,30614,20713,4417,913
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt150 345430  
Total current liabilities:150 345430  
Noncurrent Liabilities
Long-term debt and lease obligation38     
Operating lease, liability38 
Liabilities, other than long-term debt15 4738  
Qualified affordable housing project investments, commitment15 4738  
Total noncurrent liabilities:53 4738  
Other undisclosed liabilities14,849 13,01111,81011,5866,975
Total liabilities:15,053 13,40312,27811,5866,975
Commitments and contingencies    24 
Stockholders' equity
Stockholders' equity attributable to parent2,054 1,9031,9281,855938
Common stock0 0000
Treasury stock, value(200) (150)   
Additional paid in capital1,435 1,4231,4051,400542
Accumulated other comprehensive income (loss)33 (33)(22)(15)(2)
Retained earnings786 662545470398
Other undisclosed stockholders' equity    (24) 
Total stockholders' equity:2,054 1,9031,9281,831938
TOTAL LIABILITIES AND EQUITY:17,107 15,30614,20713,4417,913

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues555 627569437331
Net investment income555 594530396295
Cost of revenue(95) (15)(17)(9)(8)
Provision for loan, lease, and other losses(95)  
Financial services costs(15)(17)(9)(8)
Gross profit:460 612552428323
Operating expenses(53) (224)(212)(175)(126)
Operating income:407 388339254198
Interest and debt expense(131) (162)(91)(59)(41)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(134) 2915(4)(2)
Income from continuing operations before income taxes:142 255264191155
Income tax expense(31) (66)(124)(77)(63)
Net income available to common stockholders, diluted:112 19013911492

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:112 19013911492
Other comprehensive income (loss)24 (11)(4)(13) 
Comprehensive income:135 17813610192
Other undisclosed comprehensive loss, net of tax, attributable to parent     (4)
Comprehensive income, net of tax, attributable to parent:135 17813610189

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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