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News Release


HOPE BANCORP REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2025
Net income of $30.8 million, up 28% year-over-year


LOS ANGELES – October 28, 2025 – Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its third quarter ended September 30, 2025.
For the three months ended September 30, 2025, the Company recorded net income of $30.8 million, or $0.24 per diluted common share, up 28% from net income of $24.2 million, or $0.20 per diluted share, for the three months ended September 30, 2024, and up from a net loss of $27.9 million, or $(0.22) per diluted common share, for the three months ended June 30, 2025. The second quarter of 2025 reported loss reflected notable items related to a securities portfolio repositioning, the completion of the Territorial Bancorp Inc. (“Territorial”) acquisition on April 2, 2025, and a change to the California state tax apportionment law.

Excluding notable items(1), net income for the third quarter of 2025 was $31.6 million, or $0.25 per diluted common share, up 26% from $25.2 million year-over-year, and up 29% from $24.5 million for the second quarter of 2025.

“We are pleased to report strong earnings growth for the third quarter of 2025, driven by the momentum that we have been building in our business lines. Net interest income grew a robust 8% quarter-over-quarter, which was our highest linked quarter organic growth in three years,” commented Kevin S. Kim, Chairman, President and Chief Executive Officer. “In addition, positive operating leverage and lower credit costs contributed to the strong earnings growth and improved profitability this quarter.”

“Highlights this quarter included diversified loan growth, lower cost of deposits and improved asset quality with a 10% reduction in criticized loans from June 30, 2025. We have been making sustained investments in talent at Bank of Hope to strengthen our loan production capabilities, and we remain focused on enhancing our deposit mix and reducing our cost of funds. The linked quarter net interest margin expansion of 20 basis points for the third quarter of 2025 was our widest since 2012.”

“Our capital levels are strong, and our liquidity is ample. This quarter reflects progress that we have been making on our strategic priorities to improve our financial performance, laying a strong foundation for the coming years. I want to extend my gratitude to all the bankers at Bank of Hope for their unwavering dedication and commitment to excellence. Their hard work is the driving force behind our continued growth and success, and I am proud of what we are building together as the leading regional bank catering to multicultural customers across the continental United States and Hawaii,” concluded Kim.


(1)    Net income excluding notable items is a non-GAAP financial measure. Notable items in the third quarter of 2025 and in the third quarter of 2024 comprised merger-related expenses. Notable items in the second quarter of 2025 comprised a loss on restructuring of investment securities, merger-related items and an impact of California state tax law change. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 to 12.
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2-2-2    NASDAQ: HOPE
Operating Results for the Third Quarter of 2025
Net interest income and net interest margin. Net interest income before provision for credit losses totaled $126.6 million for the third quarter of 2025, an increase of $9.1 million, or 8%, compared with $117.5 million for the second quarter of 2025. Net interest margin for the third quarter of 2025 expanded by 20 basis points to 2.89%, up from 2.69% for the second quarter of 2025.
The quarter-over-quarter increase in net interest income and expansion in net interest margin were primarily driven by average loan growth, higher yields on earning assets, and a lower cost of interest bearing deposits. Quarter-over-quarter, the yield on average investment securities increased 52 basis points to 3.77% for the third quarter of 2025, reflecting a securities portfolio repositioning executed in the second quarter of 2025. For the third quarter of 2025, the yield on average loans was up five basis points sequentially to 5.93% and the cost of average interest bearing deposits decreased eight basis points sequentially to 3.69%.
Noninterest income. For the third quarter of 2025, noninterest income totaled $15.4 million, compared with $(23.0) million for the second quarter of 2025. Noninterest income for the second quarter of 2025 included a net loss on sales of available-for-sale securities of $38.9 million, pre-tax, related to an investment securities portfolio repositioning executed in June 2025. Excluding the net loss on sales of securities, which the Company considered a notable item, noninterest income(2) for the third quarter of 2025 decreased $515 thousand quarter-over-quarter. Growth in deposit service fees, international service fees, loan-related fees, foreign exchange and wire fees was offset by decreases in customer swap fee income and lower net gains on the sale of SBA loans. The Company sold $48.1 million of SBA loans in the third quarter of 2025, compared with $67.4 million in the second quarter of 2025.

Noninterest expense. Noninterest expense for the third quarter of 2025 totaled $96.9 million, down from noninterest expense of $109.5 million for the second quarter of 2025. Excluding notable items, which consisted of merger-related expenses, noninterest expense(2) for the third quarter of 2025 was $95.9 million, up 4% from $92.2 million for the second quarter of 2025. The quarter-over-quarter change in noninterest expense, excluding notable items(2), was primarily driven by an increase in compensation-related costs, reflecting the Company’s sustained investment in talent to support growth. Revenue growth outpaced expense growth, generating positive operating leverage, and the efficiency ratio, excluding notable items(2), improved quarter-over-quarter to 67.5% for the third quarter of 2025, compared with 69.1% for the second quarter of 2025.

Income tax provision (benefit) and tax rate. For the third quarter of 2025, the Company recorded a provision for income tax of $5.6 million, compared with an income tax benefit of $2.0 million for the second quarter of 2025. For the second quarter of 2025, tax expense and tax rate included the impact of several notable items: a net loss on sales of securities related to an investment securities repositioning, merger-related items, and a change in California’s state tax apportionment law. For the third quarter of 2025, the reported effective tax rate was 15.4%.



(2) Noninterest income excluding notable items, noninterest expense excluding notable items, and efficiency ratio excluding notable items, are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 to 12.
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3-3-3    NASDAQ: HOPE
Balance Sheet Summary
Total assets. At September 30, 2025, total assets totaled $18.51 billion, compared with $18.55 billion as of June 30, 2025.

Loans. At September 30, 2025, gross loans totaled $14.62 billion, up 1.2%, or 4.8% annualized, from $14.45 billion at June 30, 2025. All major loan segments grew in the third quarter of 2025, led by residential mortgage, which increased 4.6% quarter-over-quarter.

The following table sets forth the loan portfolio composition at September 30, 2025, June 30, 2025, and September 30, 2024:

(dollars in thousands) (unaudited)9/30/20256/30/20259/30/2024
BalancePercentageBalancePercentageBalancePercentage
Commercial real estate (“CRE”) loans$8,418,797 57.6 %$8,385,764 58.0 %$8,630,757 63.3 %
Commercial and industrial (“C&I”) loans3,736,497 25.6 %3,725,295 25.8 %3,901,368 28.6 %
Residential mortgage and other loans2,431,605 16.6 %2,323,728 16.1 %1,085,863 7.9 %
    Loans receivable14,586,899 99.8 %14,434,787 99.9 %13,617,988 99.8 %
Loans held for sale33,118 0.2 %12,051 0.1 %25,714 0.2 %
Gross loans$14,620,017 100.0 %$14,446,838 100.0 %$13,643,702 100.0 %

Deposits. Total deposits of $15.83 billion at September 30, 2025, decreased 1% from $15.94 billion at June 30, 2025, reflecting a decrease in brokered deposits, partially offset by growth in customer deposit balances. During the third quarter of 2025, brokered deposits decreased $139.5 million, down 18% quarter-over-quarter. Noninterest bearing demand deposits grew 1% quarter-over-quarter.

The following table sets forth the deposit composition at September 30, 2025, June 30, 2025, and September 30, 2024:

(dollars in thousands) (unaudited)9/30/20256/30/20259/30/2024
BalancePercentageBalancePercentageBalancePercentage
Noninterest bearing demand deposits$3,507,659 22.2 %$3,485,502 21.9 %$3,722,985 25.3 %
Money market, interest bearing demand, and savings deposits5,995,488 37.9 %6,102,999 38.3 %5,013,305 34.0 %
Time deposits6,328,115 39.9 %6,354,854 39.8 %5,993,208 40.7 %
Total deposits$15,831,262 100.0 %$15,943,355 100.0 %$14,729,498 100.0 %
  Gross loan-to-deposit ratio92.3 %90.6 %92.6 %


Credit Quality and Allowance for Credit Losses
Criticized loans. Criticized loans decreased $41.9 million, or 10%, to $372.9 million at September 30, 2025, down from $414.7 million at June 30, 2025, driven by improvement in C&I criticized loans, which decreased 17% quarter-over-quarter. Total classified loans were down $35.9 million, or 13%, and total special mention loans were down $5.9 million, or 4%, from June 30, 2025. The criticized loans to total loans ratio improved to 2.56% at September 30, 2025, down 31 basis points from 2.87% at June 30, 2025.


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4-4-4    NASDAQ: HOPE
The following table sets forth the breakdown of criticized loans at September 30, 2025, June 30, 2025, and September 30, 2024:

(dollars in thousands) (unaudited)9/30/20256/30/20259/30/2024
Special mention loans
$131,384 $137,313 $184,443 
Classified loans
241,481 277,418 321,283 
Total criticized loans$372,865 $414,731 $505,726 
Criticized loans/total loans2.56 %2.87 %3.71 %

Nonperforming assets. Nonperforming assets totaled $112.2 million, or 0.61% of total assets, at September 30, 2025, compared with $112.9 million, or 0.61% of total assets, at June 30, 2025.

The following table sets forth the components of nonperforming assets at September 30, 2025, June 30, 2025, and September 30, 2024:

(dollars in thousands) (unaudited)9/30/20256/30/20259/30/2024
Loans on nonaccrual status (1)
$110,008 $110,739 $103,602 
Accruing delinquent loans past due 90 days or more
2,149 2,149 226 
Total nonperforming loans112,157 112,888 103,828 
Other real estate owned— — — 
Total nonperforming assets$112,157 $112,888 $103,828 
Nonperforming assets/total assets0.61 %0.61 %0.60 %
_____________________________________
(1)     Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $15.3 million, $15.3 million and $13.1 million at September 30, 2025, June 30, 2025, and September 30, 2024, respectively.

Net charge offs. The Company recorded net charge-offs of $5.1 million for the third quarter of 2025, equivalent to 0.14%, annualized, of average loans. This compares with net charge-offs of $12.0 million, or 0.33%, annualized, of average loans for the second quarter of 2025. The quarter-over-quarter improvement reflects lower charge-offs in C&I loans.

Allowance for credit losses. The allowance for credit losses totaled $152.5 million at September 30, 2025, compared with $149.5 million at June 30, 2025. The allowance coverage ratio was 1.05% of loans receivable at September 30, 2025, compared with 1.04% at June 30, 2025.

The following table sets forth the allowance for credit losses and the coverage ratios at September 30, 2025, June 30, 2025, and September 30, 2024:

(dollars in thousands) (unaudited)9/30/20256/30/20259/30/2024
Allowance for credit losses$152,509 $149,505 $153,270 
Allowance for credit losses/loans receivable1.05 %1.04 %1.13 %

Provision for credit losses. For the third quarter of 2025, the Company recorded provision for credit losses of $8.7 million. This compares with provision for credit losses of $15.0 million for the second quarter of 2025, which included $4.5 million of merger-related provision expenses that the Company considered a notable item. The quarter-over-quarter decrease in the provision for credit losses, excluding notable items(3), largely reflected lower net charge-offs during the third quarter of 2025.
(3)     Provision for credit losses excluding notable items is a non-GAAP financial measure. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 to 12.
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5-5-5    NASDAQ: HOPE

Capital

At September 30, 2025, the Company and the Bank’s strong capital ratios continued to exceed all regulatory capital requirements generally required to meet the definition of a “well-capitalized” financial institution. All capital ratios increased quarter-over-quarter from June 30, 2025. The completion of the Territorial acquisition on April 2, 2025, impacted prior year capital ratio comparisons.

The following table sets forth the capital ratios for the Company at September 30, 2025, June 30, 2025, and September 30, 2024:
(unaudited)
9/30/20256/30/20259/30/2024Minimum Guideline for “Well-Capitalized”
Common Equity Tier 1 Capital Ratio12.12%12.06%13.07%6.50%
Tier 1 Capital Ratio12.81%12.76%13.79%8.00%
Total Capital Ratio13.83%13.76%14.82%10.00%
Leverage Ratio10.85%10.57%11.61%5.00%

At September 30, 2025, total stockholders’ equity was $2.26 billion, an increase of 1% compared with $2.22 billion at June 30, 2025. Tangible common equity (“TCE”) per share(4) was $13.51 at September 30, 2025, compared with $13.26 at June 30, 2025. The TCE ratio(4) was 9.63% at September 30, 2025, up 20 basis points compared with 9.43% at June 30, 2025.

The following table sets forth the TCE per share and the TCE ratio at September 30, 2025, June 30, 2025, and September 30, 2024. The year-over-year changes between September 30, 2025, and September 30, 2024, primarily reflected the impact of the Territorial acquisition.

(unaudited)9/30/20256/30/20259/30/2024
TCE per share$13.51$13.26$14.10
TCE ratio9.63%9.43%10.08%



(4)    TCE per share and TCE ratio are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 to 12.
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6-6-6    NASDAQ: HOPE
Investor Conference Call
The Company previously announced that it will host an investor conference call on Tuesday, October 28, 2025, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review its unaudited financial results for its third quarter ended September 30, 2025. Investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (international) and asking for the “Hope Bancorp Call.” A presentation to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp’s website at www.ir-hopebancorp.com. Other interested parties are invited to listen to a live webcast of the call available at the Investor Relations section of Hope Bancorp’s website. After the live webcast, a replay will remain available at the Investor Relations section of Hope Bancorp’s website for at least one year. A telephonic replay of the call will be available at 877-344-7529 (domestic) or 412-317-0088 (international) for one week through November 4, 2025, replay access code 7734578.

Non-GAAP Financial Metrics
This news release and accompanying financial tables contain certain non-GAAP financial measure disclosures, including net income excluding notable items, earnings per share excluding notable items, noninterest income excluding notable items, noninterest expense excluding notable items, provision for credit losses excluding notable items, efficiency ratio excluding notable items, effective tax rate excluding notable items, PPNR, PPNR excluding notable items, ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, TCE per share and TCE ratio. Management believes these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s operational performance and the Company’s capital levels and has included these figures in response to market participant interest in these financial metrics. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 through 12.

About Hope Bancorp, Inc.
Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company of Bank of Hope, the only regional Korean American bank in the United States with $18.51 billion in total assets as of September 30, 2025. With the addition of Territorial Savings, a division of Bank of Hope, effective April 2, 2025, the Company became the largest regional bank catering to multicultural customers across the continental United States and Hawaii. Headquartered in Los Angeles, the Bank provides a full suite of commercial, corporate and consumer loans, deposit and fee-based products and services, including commercial and commercial real estate lending, SBA lending, residential mortgage and other consumer lending; treasury management services, foreign currency exchange solutions, interest rate derivative products, and international trade financing, among others. The Bank operates 45 full-service branches in California, New York, New Jersey, Washington, Texas, Illinois, Alabama and Georgia under the Bank of Hope banner, and 29 branches in Hawaii under the Territorial Savings banner. The Bank also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices throughout the United States, and a representative office in Seoul, South Korea. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to www.bankofhope.com for Bank of Hope and www.tsbhawaii.bank for Territorial Savings, a division of Bank of Hope. By including the foregoing website address links, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein.

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7-7-7    NASDAQ: HOPE

Forward-Looking Statements
Some statements in this news release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” and similar expressions. With respect to any such forward-looking statements, Hope Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. With the consummation of the acquisition of Territorial Bancorp, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among things: difficulties and delays in integrating Hope Bancorp and Territorial Bancorp and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; and deposit attrition, operating costs, customer loss and business disruption following the acquisition, including difficulties in maintaining relationships with employees and customers, may be greater than expected. Other risks and uncertainties include, but are not limited to: possible renewed deterioration in economic conditions in Hope Bancorp’s areas of operation or elsewhere; interest rate risk associated with volatile interest rates and related asset-liability matching risk; liquidity risks; risk of significant non-earning assets, and net credit losses that could occur, particularly in times of weak economic conditions or times of rising interest rates; the failure of or changes to assumptions and estimates underlying Hope Bancorp’s allowances for credit losses; potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations; the outcome of any legal proceedings that may be instituted against Hope Bancorp; the impact of U.S. and global trade policies and tensions, including changes in, or the imposition of, tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, and geopolitical instability; and risks from natural disasters. For additional information concerning these and other risk factors, see Hope Bancorp’s most recent Annual Report on Form 10-K. Hope Bancorp does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.




Contacts:
Julianna Balicka
Executive Vice President & Chief Financial Officer
213-235-3235
julianna.balicka@bankofhope.com



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(tables follow)

Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share data)

Assets:9/30/20256/30/2025% change9/30/2024% change
Cash and due from banks$454,909 $689,734 (34)%$680,857 (33)%
Investment securities2,266,034 2,268,889 — %2,177,301 4 %
Federal Home Loan Bank (“FHLB”) stock and other investments106,411 106,752 — %57,158 86 %
Gross loans, including loans held for sale14,620,017 14,446,838 1 %13,643,702 7 %
Allowance for credit losses(152,509)(149,505)2 %(153,270)— %
Accrued interest receivable53,159 53,589 (1)%51,898 2 %
Premises and equipment, net69,152 69,141 — %51,543 34 %
Goodwill and intangible assets524,503 525,428 — %467,182 12 %
Other assets566,059 536,151 6 %377,818 50 %
Total assets$18,507,735 $18,547,017 — %$17,354,189 7 %
Liabilities:
Deposits$15,831,262 $15,943,355 (1)%$14,729,498 7 %
FHLB and Federal Reserve Bank (“FRB”) borrowings24,878 29,752 (16)%100,000 (75)%
Subordinated debentures and convertible notes, net110,610 110,263 — %109,249 1 %
Accrued interest payable74,376 72,004 3 %107,017 (31)%
Other liabilities210,713 167,526 26 %138,640 52 %
Total liabilities$16,251,839 $16,322,900 — %$15,184,404 7 %
Stockholders’ Equity:
Common stock, $0.001 par value$146 $146 — %$138 6 %
Additional paid-in capital1,521,669 1,520,129 — %1,442,993 5 %
Retained earnings1,152,810 1,139,913 1 %1,174,100 (2)%
Treasury stock, at cost(264,667)(264,667)— %(264,667)— %
Accumulated other comprehensive loss, net(154,062)(171,404)10 %(182,779)16 %
Total stockholders’ equity2,255,896 2,224,117 1 %2,169,785 4 %
Total liabilities and stockholders’ equity$18,507,735 $18,547,017 — %$17,354,189 7 %
Common stock shares – authorized300,000,000 300,000,000 300,000,000 
Common stock shares – outstanding128,185,271 128,124,458 120,737,908 
Treasury stock shares17,382,835 17,382,835 17,382,835 
Table Page 1
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
Three Months EndedNine Months Ended
9/30/20256/30/2025% change9/30/2024% change9/30/20259/30/2024% change
Interest and fees on loans$216,859 $211,441 3 %$210,022 3 %$623,261 $633,331 (2)%
Interest on investment securities21,467 17,769 21 %16,741 28 %55,128 51,619 7 %
Interest on cash and deposits at other banks5,273 8,783 (40)%7,507 (30)%19,261 39,974 (52)%
Interest on other investments and FHLB dividends1,186 1,177 1 %814 46 %3,471 2,435 43 %
Total interest income244,785 239,170 2 %235,084 4 %701,121 727,359 (4)%
Interest on deposits 115,425 118,852 (3)%127,193 (9)%347,862 373,803 (7)%
Interest on borrowings2,718 2,785 (2)%3,082 (12)%8,267 27,840 (70)%
Total interest expense118,143 121,637 (3)%130,275 (9)%356,129 401,643 (11)%
Net interest income before provision126,642 117,533 8 %104,809 21 %344,992 325,716 6 %
Provision for credit losses8,710 15,000 (42)%3,280 166 %28,510 7,280 292 %
Net interest income after provision117,932 102,533 15 %101,529 16 %316,482 318,436 (1)%
Service fees on deposit accounts3,235 3,106 4 %2,651 22 %9,262 7,919 17 %
Net gains on sales of SBA loans2,774 3,998 (31)%2,722 2 %9,903 4,702 111 %
Net (losses) gains on sales of securities available for sale— (38,856)(100)%(326)(100)%(38,856)99 N/A
Other income and fees9,376 8,796 7 %6,792 38 %27,808 18,476 51 %
Total noninterest income (loss)15,385 (22,956)N/A11,839 30 %8,117 31,196 (74)%
Salaries and employee benefits54,910 52,834 4 %44,160 24 %156,204 135,844 15 %
Occupancy9,153 8,884 3 %6,940 32 %25,203 20,632 22 %
Furniture and equipment7,895 7,817 1 %5,341 48 %21,425 16,156 33 %
Data processing and communications4,231 3,602 17 %3,112 36 %10,740 9,099 18 %
Amortization of investments in affordable housing partnerships3,216 2,430 32 %2,206 46 %7,607 6,623 15 %
FDIC assessment2,942 2,488 18 %2,200 34 %7,932 8,129 (2)%
FDIC special assessment— — — %— — %— 691 (100)%
Earned interest credit3,529 3,310 7 %6,869 (49)%9,926 18,842 (47)%
Merger and restructuring related costs958 17,281 (94)%1,433 (33)%20,758 5,044 312 %
Other noninterest expense10,027 10,827 (7)%9,007 11 %30,400 26,034 17 %
Total noninterest expense96,861 109,473 (12)%81,268 19 %290,195 247,094 17 %
Income (loss) before income taxes36,456 (29,896)N/A32,100 14 %34,404 102,538 (66)%
Income tax provision (benefit) 5,613 (2,015)N/A7,941 (29)%10,346 27,245 (62)%
Net income (loss) $30,843 $(27,881)N/A$24,159 28 %$24,058 $75,293 (68)%
Earnings (loss) per common share – diluted$0.24 $(0.22)$0.20 $0.19 $0.62 
Weighted average shares outstanding – diluted128,593,874 128,223,991 121,159,977 126,110,136 121,027,793 
Table Page 2
Hope Bancorp, Inc.
Selected Financial Data
Unaudited
For the Three Months Ended
For the Nine Months Ended
Profitability measures (annualized):9/30/20256/30/20259/30/20249/30/20259/30/2024
Return on average assets (“ROA”) 0.67 %-0.60 %0.56 %0.18 %0.56 %
ROA excluding notable items (1)
0.68 %0.52 %0.58 %0.58 %0.59 %
Return on average equity (“ROE”)5.52 %-5.02 %4.52 %1.46 %4.73 %
ROE excluding notable items (1)
5.66 %4.42 %4.71 %4.78 %4.99 %
Return on average tangible common equity (“ROTCE”) (1)
7.22 %-6.58 %5.78 %1.89 %6.07 %
ROTCE excluding notable items (1)
7.39 %5.79 %6.02 %6.21 %6.40 %
Net interest margin2.89 %2.69 %2.55 %2.71 %2.57 %
Efficiency ratio (not annualized)68.20 %115.75 %69.67 %82.18 %69.23 %
Efficiency ratio excluding notable items (not annualized) (1)
67.52 %69.09 %68.44 %68.74 %67.62 %
(1) ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, and efficiency ratio excluding notable items are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 through 12.


Table Page 3
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
Three Months Ended
9/30/20256/30/20259/30/2024
InterestAnnualizedInterestAnnualizedInterestAnnualized
AverageIncome/AverageAverageIncome/AverageAverageIncome/ Average
BalanceExpenseYield/CostBalanceExpenseYield/CostBalanceExpense Yield/Cost
INTEREST EARNING ASSETS:
Loans, including loans held for sale$14,518,721 $216,859 5.93 %$14,423,923 $211,441 5.88 %$13,574,539 $210,022 6.16 %
Investment securities2,256,228 21,467 3.77 %2,192,533 17,769 3.25 %2,182,847 16,741 3.05 %
Interest earning cash and deposits at other banks488,992 5,273 4.28 %807,979 8,783 4.36 %570,754 7,507 5.23 %
FHLB stock and other investments97,584 1,186 4.82 %98,052 1,177 4.81 %48,956 814 6.61 %
Total interest earning assets$17,361,525 $244,785 5.59 %$17,522,487 $239,170 5.47 %$16,377,096 $235,084 5.71 %
 
INTEREST BEARING LIABILITIES:
Deposits:
Money market, interest bearing demand and savings$6,045,464 $49,458 3.25 %$6,278,578 $51,884 3.31 %$4,963,727 $50,707 4.06 %
Time deposits6,359,578 65,967 4.12 %6,353,525 66,968 4.23 %6,053,924 76,486 5.03 %
Total interest bearing deposits12,405,042 115,425 3.69 %12,632,103 118,852 3.77 %11,017,651 127,193 4.59 %
FHLB and FRB borrowings27,286 273 3.97 %48,671 364 3.00 %120,326 329 1.09 %
Subordinated debentures and convertible notes106,485 2,445 8.98 %106,150 2,421 9.02 %105,152 2,753 10.24 %
Total interest bearing liabilities$12,538,813 $118,143 3.74 %$12,786,924 $121,637 3.82 %$11,243,129 $130,275 4.61 %
Noninterest bearing demand deposits3,506,559 3,464,085 3,704,088 
Total funding liabilities/cost of funds$16,045,372 2.92 %$16,251,009 3.00 %$14,947,217 3.47 %
Net interest income/net interest spread$126,642 1.85 %$117,533 1.65 %$104,809 1.10 %
Net interest margin2.89 %2.69 %2.55 %
Cost of deposits:
Noninterest bearing demand deposits$3,506,559 $— — %$3,464,085 $— — %$3,704,088 $— — %
Interest bearing deposits12,405,042 115,425 3.69 %12,632,103 118,852 3.77 %11,017,651 127,193 4.59 %
Total deposits$15,911,601 $115,425 2.88 %$16,096,188 $118,852 2.96 %$14,721,739 $127,193 3.44 %

Table Page 4
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
Nine Months Ended
9/30/20259/30/2024
InterestAnnualizedInterestAnnualized
AverageIncome/AverageAverageIncome/Average
BalanceExpenseYield/CostBalanceExpenseYield/Cost
INTEREST EARNING ASSETS:
Loans, including loans held for sale$14,136,511 $623,261 5.89 %$13,637,335 $633,331 6.20 %
Investment securities2,178,155 55,128 3.38 %2,224,972 51,619 3.10 %
Interest earning cash and deposits at other banks607,549 19,261 4.24 %1,004,606 39,974 5.32 %
FHLB stock and other investments94,272 3,471 4.92 %48,520 2,435 6.70 %
Total interest earning assets$17,016,487 $701,121 5.51 %$16,915,433 $727,359 5.74 %
INTEREST BEARING LIABILITIES:
Deposits:
Money market, interest bearing demand and savings$5,927,729 $151,960 3.43 %$4,994,958 $149,560 4.00 %
Time deposits6,131,577 195,902 4.27 %5,987,121 224,243 5.00 %
Total interest bearing deposits12,059,306 347,862 3.86 %10,982,079 373,803 4.55 %
FHLB and FRB borrowings65,441 993 2.03 %672,332 19,612 3.90 %
Subordinated debentures and convertible notes106,153 7,274 9.04 %104,824 8,228 10.31 %
Total interest bearing liabilities$12,230,900 $356,129 3.89 %$11,759,235 $401,643 4.56 %
Noninterest bearing demand deposits3,439,051 3,724,716 
Total funding liabilities/cost of funds$15,669,951 3.04 %$15,483,951 3.46 %
Net interest income/net interest spread$344,992 1.62 %$325,716 1.18 %
Net interest margin2.71 %2.57 %
Cost of deposits:
Noninterest bearing demand deposits$3,439,051 $— — %$3,724,716 $— — %
Interest bearing deposits12,059,306 347,862 3.86 %10,982,079 373,803 4.55 %
Total deposits$15,498,357 $347,862 3.00 %$14,706,795 $373,803 3.40 %


Table Page 5
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except per share data)
 Three Months Ended Nine Months Ended
AVERAGE BALANCES:9/30/20256/30/2025% change9/30/2024% change9/30/20259/30/2024% change
Gross loans, including loans held for sale $14,518,721 $14,423,923 1 %$13,574,539 7 %$14,136,511 $13,637,335 4 %
Investment securities2,256,228 2,192,533 3 %2,182,847 3 %2,178,155 2,224,972 (2)%
Interest earning cash and deposits at other banks488,992 807,979 (39)%570,754 (14)%607,549 1,004,606 (40)%
Interest earning assets17,361,525 17,522,487 (1)%16,377,096 6 %17,016,487 16,915,433 1 %
Goodwill and intangible assets525,022 525,048 — %467,419 12 %505,782 467,822 8 %
Total assets18,545,851 18,724,864 (1)%17,369,169 7 %18,123,718 17,920,176 1 %
Noninterest bearing demand deposits3,506,559 3,464,085 1 %3,704,088 (5)%3,439,051 3,724,716 (8)%
Interest bearing deposits12,405,042 12,632,103 (2)%11,017,651 13 %12,059,306 10,982,079 10 %
Total deposits15,911,601 16,096,188 (1)%14,721,739 8 %15,498,357 14,706,795 5 %
Interest bearing liabilities12,538,813 12,786,924 (2)%11,243,129 12 %12,230,900 11,759,235 4 %
Stockholders’ equity2,234,244 2,220,633 1 %2,139,861 4 %2,201,301 2,121,169 4 %
LOAN PORTFOLIO COMPOSITION: 9/30/20256/30/2025% change9/30/2024% change
Commercial real estate (“CRE”) loans$8,418,797 $8,385,764 — %$8,630,757 (2)%
Commercial and industrial (“C&I”) loans3,736,497 3,725,295 — %3,901,368 (4)%
Residential mortgage and other loans2,431,605 2,323,728 5 %1,085,863 124 %
 Loans receivable14,586,899 14,434,787 1 %13,617,988 7 %
Loans held for sale33,118 12,051 175 %25,714 29 %
 Gross loans$14,620,017 $14,446,838 1 %$13,643,702 7 %
CRE LOANS BY PROPERTY TYPE:9/30/20256/30/2025% change9/30/2024% change
Multi-tenant retail$1,612,673 $1,589,994 1 %$1,640,769 (2)%
Industrial warehouses1,285,752 1,260,991 2 %1,244,891 3 %
Multifamily1,219,701 1,211,785 1 %1,204,734 1 %
Gas stations and car washes1,116,447 1,106,007 1 %1,021,537 9 %
Mixed-use facilities665,239 671,144 (1)%826,045 (19)%
Hotels/motels771,089 754,449 2 %800,707 (4)%
Single-tenant retail629,269 647,374 (3)%663,178 (5)%
Office330,736 340,329 (3)%396,131 (17)%
All other787,891 803,691 (2)%832,765 (5)%
  Total CRE loans$8,418,797 $8,385,764 — %$8,630,757 (2)%
DEPOSIT COMPOSITION:9/30/20256/30/2025% change9/30/2024% change
Noninterest bearing demand deposits$3,507,659 $3,485,502 1 %$3,722,985 (6)%
Money market, interest bearing demand, and savings5,995,488 6,102,999 (2)%5,013,305 20 %
Time deposits 6,328,115 6,354,854 — %5,993,208 6 %
  Total deposits$15,831,262 $15,943,355 (1)%$14,729,498 7 %

Table Page 6
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
CAPITAL & CAPITAL RATIOS:9/30/20256/30/20259/30/2024
Total stockholders’ equity$2,255,896 $2,224,117 $2,169,785 
Total capital$2,125,254 $2,092,212 $2,143,477 
Common equity tier 1 ratio12.12 %12.06 %13.07 %
Tier 1 capital ratio 12.81 %12.76 %13.79 %
Total capital ratio 13.83 %13.76 %14.82 %
Leverage ratio 10.85 %10.57 %11.61 %
Total risk weighted assets$15,368,455 $15,206,081 $14,466,152 
Book value per common share$17.60 $17.36 $17.97 
Tangible common equity (“TCE”) per share (1)
$13.51 $13.26 $14.10 
TCE ratio (1)
9.63 %9.43 %10.08 %
(1) TCE per share and TCE ratio are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Page 10.
ALLOWANCE FOR CREDIT LOSSES CHANGES:Three Months EndedNine Months Ended
9/30/20256/30/20253/31/202512/31/20249/30/20249/30/20259/30/2024
Balance at beginning of period$149,505 $147,412 $150,527 $153,270 $156,019 $150,527 $158,694 
Initial allowance for purchased credit deteriorated (“PCD”) loans acquired— 63 — — — 63 — 
Provision for credit losses on loans8,100 14,000 5,200 10,100 3,000 27,300 8,300 
Recoveries1,517 2,844 233 704 534 4,594 3,817 
Charge offs (6,613)(14,814)(8,548)(13,547)(6,283)(29,975)(17,541)
Balance at end of period$152,509 $149,505 $147,412 $150,527 $153,270 $152,509 $153,270 
9/30/20256/30/20253/31/202512/31/20249/30/2024
Allowance for unfunded loan commitments$3,933 $3,323 $2,323 $2,723 $2,823 
Three Months EndedNine Months Ended
9/30/20256/30/20253/31/202512/31/20249/30/20249/30/20259/30/2024
Provision for credit losses on loans$8,100 $14,000 $5,200 $10,100 $3,000 $27,300 $8,300 
Provision (credit) for unfunded loan commitments610 1,000 (400)(100)280 1,210 (1,020)
Provision for credit losses$8,710 $15,000 $4,800 $10,000 $3,280 $28,510 $7,280 
Table Page 7
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)

Three Months EndedNine Months Ended
NET LOAN CHARGE OFFS (RECOVERIES):9/30/20256/30/20253/31/202512/31/20249/30/20249/30/20259/30/2024
CRE loans$(933)$(843)$899 $156 $372 $(877)$389 
C&I loans5,978 11,829 7,384 12,607 5,287 25,191 13,259 
Residential mortgage and other loans51 984 32 80 90 1,067 76 
Net loan charge offs$5,096 $11,970 $8,315 $12,843 $5,749 $25,381 $13,724 
Net charge offs/average loans (annualized)0.14 %0.33 %0.25 %0.38 %0.17 %0.24 %0.13 %

NONPERFORMING ASSETS:9/30/20256/30/20253/31/202512/31/20249/30/2024
Loans on nonaccrual status (1)
$110,008 $110,739 $83,808 $90,564 $103,602 
Accruing delinquent loans past due 90 days or more2,149 2,149 98 229 226 
Total nonperforming loans112,157 112,888 83,906 90,793 103,828 
Other real estate owned (“OREO”)— — — — — 
Total nonperforming assets$112,157 $112,888 $83,906 $90,793 $103,828 
Nonperforming assets/total assets0.61 %0.61 %0.49 %0.53 %0.60 %
Nonperforming loans/loans receivable0.77 %0.78 %0.63 %0.67 %0.76 %
Nonaccrual loans/loans receivable0.75 %0.77 %0.63 %0.67 %0.76 %
Allowance for credit losses/loans receivable1.05 %1.04 %1.11 %1.11 %1.13 %
Allowance for credit losses/nonperforming loans135.98 %132.44 %175.69 %165.79 %147.62 %
(1) Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $15.3 million, $15.3 million, $11.8 million, $12.8 million, and $13.1 million, at September 30, 2025, June 30, 2025, March 31, 2025, December 31, 2024, and September 30, 2024, respectively.
NONACCRUAL LOANS BY TYPE:9/30/20256/30/20253/31/202512/31/20249/30/2024
CRE loans$54,016 $55,368 $24,106 $23,396 $72,228 
C&I loans45,494 46,945 50,544 60,807 24,963 
Residential mortgage and other loans10,498 8,426 9,158 6,361 6,411 
   Total nonaccrual loans$110,008 $110,739 $83,808 $90,564 $103,602 
Table Page 8
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE:9/30/20256/30/20253/31/202512/31/20249/30/2024
30 - 59 days past due$15,786 $4,909 $11,927 $8,681 $10,746 
60 - 89 days past due5,117 2,841 27,719 5,164 1,539 
   Total accruing delinquent loans 30-89 days past due$20,903 $7,750 $39,646 $13,845 $12,285 
ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE BY TYPE:9/30/20256/30/20253/31/202512/31/20249/30/2024
CRE loans$14,872 $4,377 $4,993 $3,205 $816 
C&I loans3,356 1,084 27,455 1,288 9,037 
Residential mortgage and other loans2,675 2,289 7,198 9,352 2,432 
   Total accruing delinquent loans 30-89 days past due$20,903 $7,750 $39,646 $13,845 $12,285 
CRITICIZED LOANS:9/30/20256/30/20253/31/202512/31/20249/30/2024
Special mention loans$131,384 $137,313 $184,659 $179,073 $184,443 
Classified loans241,481 277,418 264,064 270,896 321,283 
   Total criticized loans$372,865 $414,731 $448,723 $449,969 $505,726 
Table Page 9
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)


Reconciliation of GAAP financial measures to non-GAAP financial measures
Management reviews select non-GAAP financial measures in evaluating the Company’s and the Bank’s financial performance and in response to market participant interest. Reconciliations of the most directly comparable GAAP to non-GAAP financial measures utilized by management are provided below.
TANGIBLE COMMON EQUITY (“TCE”)9/30/20256/30/20259/30/2024
Total stockholders’ equity$2,255,896 $2,224,117 $2,169,785 
Goodwill and core deposit intangible assets, net(524,503)(525,428)(467,182)
TCE$1,731,393 $1,698,689 $1,702,603 
Total assets$18,507,735 $18,547,017 $17,354,189 
Goodwill and core deposit intangible assets, net(524,503)(525,428)(467,182)
Tangible assets$17,983,232 $18,021,589 $16,887,007 
TCE ratio9.63 %9.43 %10.08 %
Common shares outstanding128,185,271 128,124,458 120,737,908 
TCE per share$13.51 $13.26 $14.10 
Three Months EndedNine Months Ended
RETURN ON AVERAGE TANGIBLE COMMON EQUITY (“ROTCE”)9/30/20256/30/20259/30/20249/30/20259/30/2024
Average stockholders’ equity$2,234,244 $2,220,633 $2,139,861 $2,201,301 $2,121,169 
Average goodwill and core deposit intangible assets, net(525,022)(525,048)(467,419)(505,782)(467,822)
Average TCE$1,709,222 $1,695,585 $1,672,442 $1,695,519 $1,653,347 
Net income (loss) $30,843 $(27,881)$24,159 $24,058 $75,293 
ROTCE (annualized)7.22 %-6.58 %5.78 %1.89 %6.07 %
Three Months EndedNine Months Ended
PROVISION FOR CREDIT LOSSES EXCLUDING NOTABLE ITEMS9/30/20256/30/20259/30/20249/30/20259/30/2024
Provision for credit losses$8,710 $15,000 $3,280 $28,510 $7,280 
Notable items:
Merger-related provision for credit losses— (4,461)— (4,461)— 
Provision for credit losses excluding notable items$8,710 $10,539 $3,280 $24,049 $7,280 
Table Page 10
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)

Three Months EndedNine Months Ended
PRE-PROVISION NET REVENUE (“PPNR”)9/30/20256/30/20259/30/20249/30/20259/30/2024
Net interest income before provision for credit losses$126,642 $117,533 $104,809 $344,992 $325,716 
Noninterest income15,385 (22,956)11,839 8,117 31,196 
Revenue142,027 94,577 116,648 353,109 356,912 
Less: Noninterest expense96,861 109,473 81,268 290,195 247,094 
PPNR$45,166 $(14,896)$35,380 $62,914 $109,818 
Notable items:
Loss on investment portfolio repositioning$— $38,856 $— $38,856 $— 
FDIC special assessment expense— — — — 691 
Merger and restructuring-related costs958 17,281 1,433 20,758 5,044 
Total notable items included in PPNR958 56,137 1,433 59,614 5,735 
PPNR, excluding notable items$46,124 $41,241 $36,813 $122,528 $115,553 
Three Months EndedNine Months Ended
PROFITABILITY RATIOS EXCLUDING NOTABLE ITEMS9/30/20256/30/20259/30/20249/30/20259/30/2024
Net income (loss) $30,843 $(27,881)$24,159 $24,058 $75,293 
Notable items:
Merger-related provision for credit losses— 4,461 — 4,461 — 
Loss on investment portfolio repositioning— 38,856 — 38,856 — 
FDIC special assessment expense— — — — 691 
Merger and restructuring-related costs958 17,281 1,433 20,758 5,044 
Total notable items included in pre-tax income958 60,598 1,433 64,075 5,735 
Tax effect on notable items in pre-tax income(208)(13,064)(421)(14,013)(1,687)
Notable impact from California state tax apportionment law change— 4,878 — 4,878 — 
Total notable items, net of tax750 52,412 1,012 54,940 4,048 
Net income excluding notable items$31,593 $24,531 $25,171 $78,998 $79,341 
Diluted common shares128,593,874 128,223,991 121,159,977 126,110,136 121,027,793 
EPS excluding notable items$0.25 $0.19 $0.21 $0.63 $0.66 
Average assets$18,545,851 $18,724,864 $17,369,169 $18,123,718 $17,920,176 
ROA excluding notable items (annualized)0.68 %0.52 %0.58 %0.58 %0.59 %
Average equity$2,234,244 $2,220,633 $2,139,861 $2,201,301 $2,121,169 
ROE excluding notable items (annualized)5.66 %4.42 %4.71 %4.78 %4.99 %
Average TCE$1,709,222 $1,695,585 $1,672,442 $1,695,519 $1,653,347 
ROTCE excluding notable items (annualized)7.39 %5.79 %6.02 %6.21 %6.40 %
Table Page 11
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)

Three Months EndedNine Months Ended
NONINTEREST INCOME EXCLUDING NOTABLE ITEMS9/30/20256/30/20259/30/20249/30/20259/30/2024
Noninterest income (loss)$15,385 $(22,956)$11,839 $8,117 $31,196 
Notable items:
Loss on investment portfolio repositioning— 38,856 — 38,856 — 
Noninterest income excluding notable items$15,385 $15,900 $11,839 $46,973 $31,196 
Three Months EndedNine Months Ended
EFFICIENCY RATIO EXCLUDING NOTABLE ITEMS9/30/20256/30/20259/30/20249/30/20259/30/2024
Noninterest expense$96,861 $109,473 $81,268 $290,195 $247,094 
Notable items:
FDIC special assessment expense— — — — (691)
Merger and restructuring-related costs(958)(17,281)(1,433)(20,758)(5,044)
Noninterest expense excluding notable items$95,903 $92,192 $79,835 $269,437 $241,359 
Revenue$142,027 $94,577 $116,648 $353,109 $356,912 
Notable items:
Loss on investment portfolio repositioning— 38,856 — 38,856 — 
Revenue excluding notable items$142,027 $133,433 $116,648 $391,965 $356,912 
Efficiency ratio excluding notable items67.52 %69.09 %68.44 %68.74 %67.62 %
Three Months EndedNine Months Ended
EFFECTIVE TAX RATE EXCLUDING NOTABLE ITEMS9/30/20256/30/20259/30/20249/30/20259/30/2024
Income (loss) before income taxes$36,456 $(29,896)$32,100 $34,404 $102,538 
Notable items before tax effect958 60,598 1,433 64,075 5,735 
Income before tax excluding notable items$37,414 $30,702 $33,533 $98,479 $108,273 
GAAP income tax provision (benefit) $5,613 $(2,015)$7,941 $10,346 $27,245 
Tax effect on notable items in pre-tax income208 13,064 421 14,013 1,687 
Notable impact from California state tax apportionment law change— (4,878)— (4,878)— 
Income tax provision excluding notable items$5,821 $6,171 $8,362 $19,481 $28,932 
Effective tax rate excluding notable items15.56 %20.10 %24.94 %19.78 %26.72 %

Table Page 12