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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments748460492437298462
Cash and cash equivalents699460492437298462
Short-term investments49     
Disposal group, including discontinued operation     28
Total current assets:748460492437298490
Noncurrent Assets
Operating lease, right-of-use asset59
Property, plant and equipment525457553531
Intangible assets, net (including goodwill)476479481482108109
Goodwill464464464463105105
Intangible assets, net (excluding goodwill)1214171934
Total noncurrent assets:587532538538143140
Other undisclosed assets14,33314,31413,17712,4677,4716,510
TOTAL ASSETS:15,66715,30614,20713,4417,9137,140
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt348345430   
Total current liabilities:348345430   
Noncurrent Liabilities
Long-term debt and lease obligation48     
Operating lease, liability48
Liabilities, other than long-term debt284738   
Qualified affordable housing project investments, commitment284738  
Total noncurrent liabilities:764738   
Other undisclosed liabilities13,20713,01111,81011,5866,9756,258
Total liabilities:13,63113,40312,27811,5866,9756,258
Commitments and contingencies   24  
Stockholders' equity
Stockholders' equity attributable to parent2,0361,9031,9281,855938883
Common stock000000
Treasury stock, value(164)(150)    
Additional paid in capital1,4281,4231,4051,400542542
Accumulated other comprehensive income (loss)9(33)(22)(15)(2)2
Retained earnings762662545470398339
Other undisclosed stockholders' equity   (24)  
Total stockholders' equity:2,0361,9031,9281,831938883
TOTAL LIABILITIES AND EQUITY:15,66715,30614,20713,4417,9137,140

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues628627569437331324
Net investment income628594530396295287
Cost of revenue(7)(15)(17)(9)(8)(13)
Provision for loan, lease, and other losses(7) 
Financial services costs(15)(17)(9)(8)(13)
Gross profit:620612552428323311
Operating expenses(73)(224)(212)(175)(126)(129)
Operating income:547388339254198182
Nonoperating income (expense)
(gains on Sales of Other Real Estate)
     1
Interest and debt expense(218)(162)(91)(59)(41)(36)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(103)2915(4)(2)(0)
Income from continuing operations before income taxes:226255264191155147
Income tax expense(55)(66)(124)(77)(63)(58)
Net income available to common stockholders, diluted:1711901391149289

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1711901391149289
Other comprehensive income (loss)42(11)(4)(13)  
Comprehensive income:2131781361019289
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (4)12
Comprehensive income, net of tax, attributable to parent:21317813610189101

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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