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News Release



HOPE BANCORP REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 2026

Second quarter 2026 net income of $33.0 million, up 12% quarter-over-quarter

LOS ANGELES – July 27, 2026 – Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its second quarter and six months ended June 30, 2026.
For the second quarter of 2026, the Company reported net income of $33.0 million, or $0.26 per diluted common share, up 12% from net income of $29.5 million, or $0.23 per diluted common share, for the first quarter of 2026, and up from a net loss of $24.8 million, or $(0.19) per diluted common share, for the second quarter of 2025. Net income excluding notable items(1) for the second quarter of 2026 was $34.5 million, or $0.27 per diluted common share, up 16% from $29.7 million, or $0.23 per diluted common share, for the first quarter of 2026, and up 40% from net income of $24.6 million, or $0.19 per diluted common share, for the second quarter of 2025.

“Overall, we delivered strong quarterly results and are pleased with the continued progress made to improve the profitability and core operating performance of the Bank. Second quarter 2026 earnings growth reflected a combination of revenue growth and positive operating leverage, driven by loan growth, net interest margin expansion, lower funding costs, increased fee income and expense discipline,” said Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp, Inc.

“As we enter the second half of 2026, we are well-positioned to continue our momentum in executing on our key priorities. We are focused on building a more profitable and resilient franchise through disciplined balance sheet management, prudent expense control and the strengthening of client relationships to deliver long-term value for our stockholders,” continued Kim.

“Our pending acquisition of the Commercial Banking Unit of SMBC MANUBANK(2) is closely aligned with our priorities and represents an important opportunity to expand our middle market and multinational banking capabilities, develop specialty deposit verticals, and broaden our footprint in Southern California. The transaction is anticipated to improve our 2027 earnings and returns on tangible common equity, enhance our long-term earnings capacity, and support effective capital management,” concluded Kim.


(1) Net income excluding notable items and earnings per share 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. Notable items in the second quarter of 2026 included merger-related costs; notable items for the prior periods are detailed on Table Pages 10 to 12.
(2) The pending acquisition of the Commercial Banking Unit of SMBC MANUBANK is subject to regulatory approvals and other customary closing conditions.
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2-2-2    NASDAQ: HOPE
Operating Results for the Second Quarter of 2026
Net interest income and net interest margin. Net interest income totaled $129.0 million for the second quarter of 2026, up $4.9 million, or 4%, compared with $124.1 million for the first quarter of 2026, and up $11.5 million, or 10%, from the second quarter of 2025. Net interest margin for the second quarter of 2026 was 2.96%, up six basis points from 2.90% for the first quarter of 2026, and up 27 basis points from 2.69% for the year-ago quarter. The sequential quarter net interest income growth and net interest margin expansion were primarily driven by average earning asset growth, earning asset yield expansion and a lower cost of funds. The second quarter 2026 yield on average loans was 5.73%, up four basis points sequentially, and the cost of interest bearing deposits was 3.31%, down six basis points sequentially. Year-over-year, the cost of interest bearing deposits was down 46 basis points, reflecting Fed Funds target rate cuts over the period as well as the positive impact of the Territorial Bancorp acquisition, which closed on April 2, 2025, and contributed lower cost deposits to the Bank’s funding mix.

Noninterest income. For the second quarter of 2026, noninterest income totaled $18.9 million, up $1.9 million, or 11%, compared with $17.0 million for the first quarter of 2026, and up $3.0 million, or 19%, compared with noninterest income excluding notable items(3) of $15.9 million for the second quarter of 2025. Second quarter 2025 reported noninterest income was $(23.0) million and included a $38.9 million loss on an investment portfolio repositioning. The sequential quarter growth in second quarter 2026 noninterest income reflected increased net gains on sales of Small Business Administration (“SBA”) loans, growth in customer-driven income and fees, and an increase in net gains on sales of available-for-sale securities. The Company sold $67.9 million of SBA loans in the second quarter of 2026 for a net gain of $4.4 million, compared with $53.0 million of SBA loans sold for a net gain of $3.3 million in the first quarter of 2026.

Noninterest expense. Noninterest expense for the second quarter of 2026 was $98.5 million, up $4.0 million, or 4%, from $94.5 million for the first quarter of 2026, and down $11.0 million, or 10%, from $109.5 million for the second quarter of 2025. Noninterest expense excluding notable items(3) for the second quarter of 2026 was $96.4 million, up $2.1 million, or 2%, from $94.3 million for the first quarter of 2026, and up $4.2 million, or 5%, from $92.2 million for the second quarter of 2025. Growth in the second quarter 2026 noninterest expense was well controlled across all key areas of operating expenses.

In the second quarter of 2026, revenue growth outpaced expense growth, resulting in positive operating leverage and an improved efficiency ratio. The reported efficiency ratio for the second quarter of 2026 was 66.6%, improving from 67.0% in the prior quarter and 115.8% in the year-ago quarter. The efficiency ratio excluding notable items(3) for the second quarter of 2026 was 65.2%, improving from 66.9% in the prior quarter and 69.1% in the year-ago quarter.

Income tax provision and tax rate. For the second quarter of 2026, the Company recorded an income tax provision of $9.6 million, compared with an income tax provision of $8.4 million for the first quarter of 2026 and an income tax benefit of $(1.3) million for the second quarter of 2025. The year-to-date effective tax rate for the first half of 2026 was 22.3%.
Balance Sheet Summary
Total assets. At June 30, 2026, total assets were $18.99 billion, compared with $18.66 billion at March 31, 2026, and $18.55 billion at June 30, 2025.

Loans. At June 30, 2026, gross loans totaled $15.03 billion, up 2%, equivalent to 8% annualized, from $14.74 billion at March 31, 2026, and up 4% from $14.45 billion at June 30, 2025. Second quarter 2026 average loans were $14.79 billion, up 1%, equivalent to 3% annualized, from $14.69 billion for the first quarter of 2026, and up 3% from $14.43 billion for the second quarter of 2025. Quarter-over-quarter and year-over-year loan growth was broad-based across the Company’s major lending portfolios of commercial and industrial, commercial real estate and residential mortgage.

(3) 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
The following table sets forth the loan portfolio composition at June 30, 2026, March 31, 2026, and June 30, 2025:

(dollars in thousands) (unaudited)6/30/20263/31/20266/30/2025
BalancePercentageBalancePercentageBalancePercentage
Commercial real estate (“CRE”) loans$8,583,967 57.1 %$8,498,246 57.7 %$8,385,764 58.0 %
Commercial and industrial (“C&I”) loans3,896,116 25.9 %3,734,978 25.3 %3,729,962 25.8 %
Residential mortgage and other loans2,554,104 17.0 %2,503,919 17.0 %2,334,816 16.2 %
Gross loans (including held for sale)
$15,034,187 100.0 %$14,737,143 100.0 %$14,450,542 100.0 %

Deposits. Total deposits were $15.88 billion at June 30, 2026, up 1%, equivalent to 4% annualized, from $15.73 billion at March 31, 2026, and down 0.4% compared with $15.94 billion at June 30, 2025. Quarter-over-quarter, noninterest bearing demand deposits increased 5%; money market, interest bearing demand and savings deposits increased 1%, and time deposits decreased 1%. Compared with the year-ago quarter, noninterest bearing demand deposits increased 2%, while time deposits decreased 2%. The quarter-over-quarter and year-over-year decreases in time deposits were planned, to support continued reduction in the Bank’s cost of funds.

The following table sets forth the deposit composition at June 30, 2026, March 31, 2026, and June 30, 2025:

(dollars in thousands) (unaudited)6/30/20263/31/20266/30/2025
BalancePercentageBalancePercentageBalancePercentage
Noninterest bearing demand deposits$3,548,452 22.4 %$3,387,757 21.5 %$3,485,502 21.9 %
Money market, interest bearing demand, and savings deposits6,079,728 38.3 %6,036,197 38.4 %6,102,999 38.3 %
Time deposits6,248,363 39.3 %6,302,488 40.1 %6,354,854 39.8 %
Total deposits$15,876,543 100.0 %$15,726,442 100.0 %$15,943,355 100.0 %
  Gross loan-to-deposit ratio94.7 %93.7 %90.6 %
Credit Quality and Allowance for Credit Losses
Criticized loans. Overall credit quality remained stable quarter-over-quarter and improved meaningfully year-over-year. Criticized loans were $334.3 million at June 30, 2026, up $9.2 million, or 3%, quarter-over-quarter, and down $80.5 million, or 19%, year-over-year. The criticized loan ratio was 2.24% of total loans receivable at June 30, 2026, compared with 2.22% at March 31, 2026, and down 63 basis points from 2.87% at June 30, 2025.

Nonperforming assets. Nonperforming assets declined $7.7 million from the prior quarter to $112.9 million, or 0.59% of total assets, at June 30, 2026, compared with 0.65% of total assets at March 31, 2026, and 0.61% of total assets at June 30, 2025. The quarter-over-quarter improvement primarily reflected a reduction in accruing delinquent loans past due 90 days or more.


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4-4-4    NASDAQ: HOPE
The following table sets forth the components of nonperforming assets at June 30, 2026, March 31, 2026, and June 30, 2025:

(dollars in thousands) (unaudited)6/30/20263/31/20266/30/2025
Loans on nonaccrual status (1)
$111,973 $109,512 $110,739 
Accruing delinquent loans past due 90 days or more
515 10,642 2,149 
Total nonperforming loans112,488 120,154 112,888 
Other real estate owned365 365 — 
Total nonperforming assets$112,853 $120,519 $112,888 
Nonperforming assets/total assets0.59 %0.65 %0.61 %
_____________________________________
(1)     Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $17.1 million, $19.4 million and $15.3 million at June 30, 2026, March 31, 2026, and June 30, 2025, respectively.

Net charge-offs. The Company recorded net charge-offs of $9.0 million for the second quarter of 2026, equivalent to 0.24%, annualized, of average loans. This compares with net charge-offs of $10.7 million, or 0.29%, annualized, of average loans for the first quarter of 2026, and $12.0 million, or 0.33%, annualized, of average loans for the second quarter of 2025.

Provision for credit losses. For the second quarter of 2026, the Company recorded a provision for credit losses of $6.8 million, compared with $8.7 million for the first quarter of 2026 and $11.1 million for the second quarter of 2025. The sequential quarter decrease in the provision for credit losses primarily reflected lower net charge-offs in the second quarter of 2026 compared with the prior quarter.

Allowance for credit losses. The allowance for credit losses totaled $153.2 million at June 30, 2026, compared with $155.1 million at March 31, 2026, and $149.5 million at June 30, 2025. The allowance coverage ratio was 1.03% of loans receivable at June 30, 2026, compared with 1.06% at March 31, 2026, and 1.04% at June 30, 2025.

The following table sets forth the allowance for credit losses and the coverage ratios at June 30, 2026, March 31, 2026, and June 30, 2025:

(dollars in thousands) (unaudited)6/30/20263/31/20266/30/2025
Allowance for credit losses$153,218 $155,114 $149,505 
Allowance for credit losses/loans receivable1.03 %1.06 %1.04 %



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Capital

At June 30, 2026, the capital ratios of the Company and the Bank continued to exceed all regulatory capital requirements generally required to meet the definition of a “well-capitalized” financial institution.

The following table sets forth the capital ratios for the Company at June 30, 2026, March 31, 2026, and June 30, 2025:
(unaudited)
6/30/20263/31/20266/30/2025Minimum Guideline for “Well-Capitalized”
Common Equity Tier 1 Capital Ratio12.27%12.36%12.08%6.50%
Tier 1 Capital Ratio12.95%13.05%12.77%8.00%
Total Capital Ratio13.95%14.07%13.78%10.00%
Leverage Ratio11.07%11.11%10.58%5.00%
Tangible Common Equity (“TCE”) Ratio(4)
9.58%9.68%9.44%N/A

Year-to-date through June 30, 2026, the Company returned $44.6 million of capital to stockholders through cash dividends and common stock repurchases. Year-to-date in 2026, the Company repurchased 772,726 shares of common stock, equivalent to 0.6% of outstanding shares at December 31, 2025, at an average price of $11.25 per share, for a total of $8.7 million, pursuant to its existing $50.0 million share repurchase authorization. As of June 30, 2026, $26.6 million remained available under the authorization. The Company also returned capital to stockholders through quarterly common stock dividends of 14 cents per share declared in both the first and the second quarters of 2026.

At June 30, 2026, total stockholders’ equity was $2.30 billion, up 1% compared with December 31, 2025. Book value per share at June 30, 2026, was $17.97, up 1% compared with $17.81 at December 31, 2025. TCE per share(4) was $13.85 at June 30, 2026, up 1% compared with $13.71 at December 31, 2025.

(4)    TCE ratio and TCE per share 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 Monday, July 27, 2026, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review its unaudited financial results for its second quarter ended June 30, 2026. 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 855-669-9658 (domestic) or 412-317-0088 (international) for one week through August 3, 2026, with the replay access code 7252988.

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, 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 for Bank of Hope, with $18.99 billion in total assets as of June 30, 2026. Following the addition of Territorial Savings as a division of Bank of Hope, the Company became the largest regional bank serving multicultural customers across the continental United States and Hawaii. Headquartered in Los Angeles, California, Bank of Hope offers a comprehensive range of commercial, corporate, and consumer banking products and services, including commercial and commercial real estate lending, SBA lending, residential mortgage and consumer lending, treasury management, foreign exchange solutions, interest rate derivatives, and international trade finance. Bank of Hope operates 45 full-service branches in California, New York, New Jersey, Washington, Texas, Illinois, Alabama and Georgia under the Bank of Hope banner, and 28 branches in Hawaii under the Territorial Savings banner. Bank of Hope 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 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”, “projects”, and similar expressions and statements regarding Hope Bancorp’s strategic initiatives, the pending acquisition of the Commercial Banking Unit of SMBC MANUBANK (“MANUBANK”), and Hope Bancorp’s future financial and operational results and capital allocation strategy. 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 pending acquisition of MANUBANK, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among other things: the failure of the conditions to closing to be satisfied or waived; difficulties and delays in integrating Hope Bancorp and MANUBANK 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, which may be greater than expected. The closing of the proposed transaction is subject to regulatory approvals and the satisfaction of other customary closing conditions. Other risks and uncertainties include, but are not limited to: possible deterioration of economic conditions in Hope Bancorp’s areas of operation and in the U.S. generally or elsewhere, including as a result of the interest rate environment, supply chain disruptions, inflation, labor shortages, changes in the housing and real estate markets, consumer confidence and spending habits; risk of adverse economic or political conditions in South Korea; interest rate risk associated with volatile interest rates and related asset‑liability matching risk; liquidity risks; the possibility that Hope Bancorp may discontinue or otherwise limit repurchases of its common stock; risk of significant non‑earning assets and net credit losses that could occur, particularly in times of weak economic conditions or rising interest rates; the failure of or changes to assumptions and estimates underlying Hope Bancorp’s allowance for credit losses; risk of natural disasters; risk of cybersecurity incidents; 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; and the impact of U.S. and global trade policies, including changes in, or the imposition of, tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom fluctuations in commodity prices such as oil, as well as geopolitical instability and international tensions. For additional information concerning these and other risk factors, see Hope Bancorp’s most recent Annual Report on Form 10‑K and other documents Hope Bancorp files with the SEC from time to time. 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.




Contact:
Julianna Balicka
Executive Vice President & Chief Financial Officer
InvestorRelations@bankofhope.com
Maxime Olivan
Senior Vice President & Investor Relations Manager
InvestorRelations@bankofhope.com



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Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share data)
Assets:6/30/20263/31/2026% change6/30/2025% change
Cash and due from banks$640,443 $594,769 8 %$689,734 (7)%
Investment securities2,179,253 2,185,952 — %2,268,889 (4)%
Federal Home Loan Bank (“FHLB”) stock and other investments70,436 68,800 2 %106,752 (34)%
Gross loans, including loans held for sale15,034,187 14,737,143 2 %14,450,542 4 %
Allowance for credit losses(153,218)(155,114)(1)%(149,505)2 %
Accrued interest receivable53,592 53,734 0 %53,589 0 %
Premises and equipment, net69,968 68,621 2 %69,141 1 %
Goodwill and intangible assets526,890 528,021 0 %525,428 0 %
Other assets570,365 574,938 (1)%535,578 6 %
Total assets$18,991,916 $18,656,864 2 %$18,550,148 2 %
Liabilities:
Deposits$15,876,543 $15,726,442 1 %$15,943,355 0 %
FHLB and Federal Reserve Bank (“FRB”) borrowings472,000 284,966 66 %29,752 NM
Subordinated debentures and convertible notes, net111,675 111,316 0 %110,263 1 %
Accrued interest payable63,865 68,399 (7)%72,004 (11)%
Other liabilities171,981 182,361 (6)%167,526 3 %
Total liabilities$16,696,064 $16,373,484 2 %$16,322,900 2 %
Stockholders’ Equity:
Common stock, $0.001 par value$146 $146 0 %$146 0 %
Additional paid-in capital1,525,555 1,523,015 0 %1,520,129 0 %
Retained earnings1,199,120 1,183,986 1 %1,143,044 5 %
Treasury stock, at cost(273,384)(271,372)(1)%(264,667)(3)%
Accumulated other comprehensive loss, net(155,585)(152,395)(2)%(171,404)9 %
Total stockholders’ equity2,295,852 2,283,380 1 %2,227,248 3 %
Total liabilities and stockholders’ equity$18,991,916 $18,656,864 2 %$18,550,148 2 %
Common stock shares – authorized300,000,000 300,000,000 300,000,000 
Common stock shares – outstanding127,741,836 127,822,689 128,124,458 
Treasury stock shares18,155,561 17,986,996 17,382,835 
Table Page 1
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
Three Months EndedSix Months Ended
6/30/20263/31/2026% change6/30/2025% change6/30/20266/30/2025% change
Interest and fees on loans$211,378 $205,919 3 %$211,363 0 %$417,297 $406,324 3 %
Interest on investment securities20,359 19,218 6 %17,769 15 %39,577 33,661 18 %
Interest on cash and deposits at other banks3,808 3,778 1 %8,783 (57)%7,586 13,988 (46)%
Interest on other investments and FHLB dividends632 1,229 (49)%1,177 (46)%1,861 2,285 (19)%
Total interest income236,177 230,144 3 %239,092 (1)%466,321 456,258 2 %
Interest on deposits 101,785 101,455 0 %118,852 (14)%203,240 232,437 (13)%
Interest on borrowings5,423 4,632 17 %2,785 95 %10,055 5,549 81 %
Total interest expense107,208 106,087 1 %121,637 (12)%213,295 237,986 (10)%
Net interest income128,969 124,057 4 %117,455 10 %253,026 218,272 16 %
Provision for credit losses6,770 8,650 (22)%11,092 (39)%15,420 15,892 (3)%
Net interest income after provision122,199 115,407 6 %106,363 15 %237,606 202,380 17 %
Service fees on deposit accounts3,395 3,335 2 %3,106 9 %6,730 6,027 12 %
Net gains on sales of SBA loans4,447 3,266 36 %3,998 11 %7,713 7,129 8 %
Other customer driven income and fees7,721 7,132 8 %6,323 22 %14,853 12,022 24 %
Net gains (losses) on sales of securities available for sale1,172 604 94 %(38,856)NM1,776 (38,856)NM
Other noninterest income2,115 2,630 (20)%2,473 (14)%4,745 6,410 (26)%
Total noninterest income (loss)18,850 16,967 11 %(22,956)NM35,817 (7,268)NM
Salaries and employee benefits56,901 56,223 1 %52,834 8 %113,124 101,294 12 %
Occupancy, furniture and equipment11,353 10,566 7 %11,093 2 %21,919 19,929 10 %
Software-related, data and item processing10,350 9,853 5 %9,210 12 %20,203 16,160 25 %
Amortization of investments in affordable housing partnerships2,554 2,474 3 %2,430 5 %5,028 4,391 15 %
FDIC assessment2,783 2,814 (1)%2,488 12 %5,597 4,990 12 %
FDIC special assessment expense (reversal)— (58)NM— 0 %(58)— NM
Earned interest credit2,501 2,383 5 %3,310 (24)%4,884 6,397 (24)%
Merger related costs2,058 234 NM17,281 NM2,292 19,800 NM
Other noninterest expense9,964 9,966 0 %10,827 (8)%19,930 20,373 (2)%
Total noninterest expense98,464 94,455 4 %109,473 (10)%192,919 193,334 0 %
Income (loss) before income taxes42,585 37,919 12 %(26,066)NM80,504 1,778 4,428 %
Income tax provision (benefit)9,554 8,379 14 %(1,316)NM17,933 5,432 230 %
Net income (loss)$33,031 $29,540 12 %$(24,750)NM$62,571 $(3,654)NM
Earnings (loss) per common share (“EPS”) – diluted$0.26 $0.23 12 %$(0.19)NM$0.49 $(0.03)NM
Weighted average shares outstanding – diluted128,308,861 128,723,654 128,001,605 128,474,397 124,426,400 
Table Page 2
Hope Bancorp, Inc.
Selected Financial Data
Unaudited
Three Months Ended Six Months Ended
Profitability measures (annualized, except as noted):6/30/20263/31/20266/30/20256/30/20266/30/2025
Earnings (loss) per common share - diluted (not annualized)$0.26 $0.23 $(0.19)$0.49 $(0.03)
Earnings (loss) per common share - diluted excluding notable items (not annualized) (1)
$0.27 $0.23 $0.19 $0.50 $0.38 
Return on average assets (“ROA”) 0.71 %0.64 %(0.53)%0.67 %(0.04)%
ROA excluding notable items (1)
0.74 %0.64 %0.53 %0.69 %0.53 %
Return on average equity (“ROE”)5.76 %5.14 %(4.45)%5.45 %(0.33)%
ROE excluding notable items (1)
6.02 %5.16 %4.42 %5.59 %4.34 %
Return on average tangible common equity (“ROTCE”) (1)
7.48 %6.66 %(5.83)%7.07 %(0.43)%
ROTCE excluding notable items (1)
7.81 %6.69 %5.79 %7.25 %5.62 %
Net interest margin2.96 %2.90 %2.69 %2.93 %2.62 %
Efficiency ratio (not annualized)66.61 %66.98 %115.85 %66.79 %91.63 %
Efficiency ratio excluding notable items (not annualized) (1)
65.22 %66.85 %69.13 %66.02 %69.45 %
(1) Earnings per common share - diluted excluding notable items, 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
6/30/20263/31/20266/30/2025
InterestAnnualizedInterestAnnualizedInterestAnnualized
AverageIncome/AverageAverageIncome/AverageAverageIncome/ Average
BalanceExpenseYield/CostBalanceExpenseYield/CostBalanceExpense Yield/Cost
INTEREST EARNING ASSETS:
Loans, including loans held for sale$14,790,642 $211,378 5.73 %$14,689,516 $205,919 5.69 %$14,427,785 $211,363 5.88 %
Investment securities2,221,334 20,359 3.68 %2,149,595 19,218 3.63 %2,192,533 17,769 3.25 %
Interest earning cash and deposits at other banks420,971 3,808 3.63 %437,990 3,778 3.50 %807,979 8,783 4.36 %
FHLB stock and other investments51,839 632 4.89 %51,682 1,229 9.64 %98,052 1,177 4.81 %
Total interest earning assets$17,484,786 $236,177 5.42 %$17,328,783 $230,144 5.39 %$17,526,349 $239,092 5.47 %
 
INTEREST BEARING LIABILITIES:
Deposits:
Money market, interest bearing demand and savings$6,085,142 $43,728 2.88 %$5,862,722 $41,422 2.87 %$6,278,578 $51,884 3.31 %
Time deposits6,244,929 58,057 3.73 %6,357,880 60,033 3.83 %6,353,525 66,968 4.23 %
Total interest bearing deposits12,330,071 101,785 3.31 %12,220,602 101,455 3.37 %12,632,103 118,852 3.77 %
FHLB and FRB borrowings357,510 3,180 3.57 %284,936 2,408 3.43 %48,671 364 3.00 %
Subordinated debentures and convertible notes107,550 2,243 8.25 %107,198 2,224 8.30 %106,150 2,421 9.02 %
Total interest bearing liabilities$12,795,131 $107,208 3.36 %$12,612,736 $106,087 3.41 %$12,786,924 $121,637 3.82 %
Noninterest bearing demand deposits3,362,934 3,347,070 3,464,085 
Total funding liabilities/cost of funds$16,158,065 2.66 %$15,959,806 2.70 %$16,251,009 3.00 %
Net interest income/net interest spread$128,969 2.06 %$124,057 1.98 %$117,455 1.65 %
Net interest margin2.96 %2.90 %2.69 %
Cost of deposits:
Noninterest bearing demand deposits$3,362,934 $— — %$3,347,070 $— — %$3,464,085 $— — %
Interest bearing deposits12,330,071 101,785 3.31 %12,220,602 101,455 3.37 %12,632,103 118,852 3.77 %
Total deposits$15,693,005 $101,785 2.60 %$15,567,672 $101,455 2.64 %$16,096,188 $118,852 2.96 %

Table Page 4
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
Six Months Ended
6/30/20266/30/2025
InterestAnnualizedInterestAnnualized
AverageIncome/AverageAverageIncome/Average
BalanceExpenseYield/CostBalanceExpenseYield/Cost
INTEREST EARNING ASSETS:
Loans, including loans held for sale$14,740,359 $417,297 5.71 %$13,944,180 $406,324 5.88 %
Investment securities2,185,663 39,577 3.65 %2,138,471 33,661 3.17 %
Interest earning cash and deposits at other banks429,433 7,586 3.56 %653,106 13,988 4.32 %
FHLB stock and other investments51,761 1,861 7.25 %92,589 2,285 4.98 %
Total interest earning assets$17,407,216 $466,321 5.40 %$16,828,346 $456,258 5.47 %
INTEREST BEARING LIABILITIES:
Deposits:
Money market, interest bearing demand and savings$5,974,547 $85,150 2.87 %$5,867,886 $102,503 3.52 %
Time deposits6,301,092 118,090 3.78 %6,015,687 129,934 4.36 %
Total interest bearing deposits12,275,639 203,240 3.34 %11,883,573 232,437 3.94 %
FHLB and FRB borrowings321,423 5,588 3.51 %84,835 720 1.71 %
Subordinated debentures and convertible notes107,375 4,467 8.27 %105,983 4,829 9.06 %
Total interest bearing liabilities$12,704,437 $213,295 3.39 %$12,074,391 $237,986 3.97 %
Noninterest bearing demand deposits3,355,046 3,404,738 
Total funding liabilities/cost of funds$16,059,483 2.68 %$15,479,129 3.10 %
Net interest income/net interest spread$253,026 2.01 %$218,272 1.50 %
Net interest margin2.93 %2.62 %
Cost of deposits:
Noninterest bearing demand deposits$3,355,046 $— — %$3,404,738 $— — %
Interest bearing deposits12,275,639 203,240 3.34 %11,883,573 232,437 3.94 %
Total deposits$15,630,685 $203,240 2.62 %$15,288,311 $232,437 3.07 %


Table Page 5
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except per share data)
 Three Months Ended Six Months Ended
AVERAGE BALANCES:6/30/20263/31/2026% change6/30/2025% change6/30/20266/30/2025% change
Gross loans, including loans held for sale $14,790,642 $14,689,516 1 %$14,427,785 3 %$14,740,359 $13,944,180 6 %
Interest earning assets17,484,786 17,328,783 1 %17,526,349 0 %17,407,216 16,828,346 3 %
Goodwill and intangible assets527,594 525,532 0 %525,048 0 %526,569 496,002 6 %
Total assets18,707,236 18,521,103 1 %18,728,721 0 %18,614,684 17,911,091 4 %
Noninterest bearing demand deposits3,362,934 3,347,070 0 %3,464,085 (3)%3,355,046 3,404,738 (1)%
Interest bearing deposits12,330,071 12,220,602 1 %12,632,103 (2)%12,275,639 11,883,573 3 %
Total deposits15,693,005 15,567,672 1 %16,096,188 (3)%15,630,685 15,288,311 2 %
Stockholders’ equity2,293,446 2,299,203 0 %2,224,489 3 %2,296,309 2,186,495 5 %
End of Period
LOAN PORTFOLIO:6/30/20263/31/2026% change6/30/2025% change
Loans receivable (held for investment)$14,941,520 $14,639,689 2 %$14,438,491 3 %
Loans held for sale92,667 97,454 (5)%12,051 NM
Gross loans$15,034,187 $14,737,143 2 %$14,450,542 4 %
End of Period
CRE LOANS HELD FOR INVESTMENT BY PROPERTY TYPE:6/30/20263/31/2026% change6/30/2025% change
Multi-tenant retail$1,585,528 $1,586,993 0 %$1,589,994 0 %
Industrial warehouses1,303,250 1,282,413 2 %1,260,991 3 %
Gas stations and car washes1,177,756 1,160,481 1 %1,106,007 6 %
Multifamily1,171,422 1,189,481 (2)%1,211,785 (3)%
Hotels/motels820,725 826,422 (1)%754,449 9 %
Mixed-use facilities728,108 677,227 8 %671,144 8 %
Single-tenant retail631,319 648,494 (3)%647,374 (2)%
Office348,708 331,939 5 %340,329 2 %
All other749,908 754,223 (1)%803,691 (7)%
  Total CRE loans$8,516,724 $8,457,673 1 %$8,385,764 2 %
End of Period
DEPOSIT COMPOSITION:6/30/20263/31/2026% change6/30/2025% change
Noninterest bearing demand deposits$3,548,452 $3,387,757 5 %$3,485,502 2 %
Money market, interest bearing demand, and savings6,079,728 6,036,197 1 %6,102,999 0 %
Time deposits 6,248,363 6,302,488 (1)%6,354,854 (2)%
  Total deposits$15,876,543 $15,726,442 1 %$15,943,355 0 %


Table Page 6
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
CAPITAL & CAPITAL RATIOS:6/30/20263/31/20266/30/2025
Total stockholders’ equity$2,295,852 $2,283,380 $2,227,248 
Total capital$2,183,849 $2,171,355 $2,095,343 
Common equity tier 1 ratio12.27 %12.36 %12.08 %
Tier 1 capital ratio 12.95 %13.05 %12.77 %
Total capital ratio 13.95 %14.07 %13.78 %
Leverage ratio 11.07 %11.11 %10.58 %
Total risk weighted assets$15,658,083 $15,428,025 $15,209,212 
Book value per common share$17.97 $17.86 $17.38 
Tangible common equity (“TCE”) per share (1)
$13.85 $13.73 $13.28 
TCE ratio (1)
9.58 %9.68 %9.44 %
(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 EndedSix Months Ended
6/30/20263/31/202612/31/20259/30/20256/30/20256/30/20266/30/2025
Balance at beginning of period$155,114 $156,661 $152,509 $149,505 $147,412 $156,661 $150,527 
Initial allowance for purchased credit deteriorated (“PCD”) loans and purchased seasoned loans (“PSL”) acquired (2)
— — — — 3,971 — 3,971 
Provision for losses on loans7,100 9,200 7,800 8,100 10,092 16,300 15,292 
Recoveries203 322 1,694 1,517 2,844 525 3,077 
Charge offs (9,199)(11,069)(5,342)(6,613)(14,814)(20,268)(23,362)
Balance at end of period$153,218 $155,114 $156,661 $152,509 $149,505 $153,218 $149,505 
(2) During the fourth quarter of 2025, the Company adopted ASU 2025-08 effective January 1, 2025, and applied the guidance to the acquisition of Territorial Bancorp, which was completed on April 2, 2025.
      The presentation of prior periods has been adjusted accordingly.
6/30/20263/31/202612/31/20259/30/20256/30/2025
Allowance for unfunded loan commitments$2,453 $2,783 $3,333 $3,933 $3,323 
Three Months EndedSix Months Ended
6/30/20263/31/202612/31/20259/30/20256/30/20256/30/20266/30/2025
Provision for losses on loans$7,100 $9,200 $7,800 $8,100 $10,092 $16,300 $15,292 
(Credit) provision for unfunded loan commitments(330)(550)(600)610 1,000 (880)600 
Provision for credit losses$6,770 $8,650 $7,200 $8,710 $11,092 $15,420 $15,892 
Table Page 7
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
Three Months EndedSix Months Ended
NET CHARGE OFFS (RECOVERIES):6/30/20263/31/202612/31/20259/30/20256/30/20256/30/20266/30/2025
CRE loans$389 $817 $(1,467)$(933)$(843)$1,206 $56 
C&I loans8,656 9,931 5,169 5,978 11,829 18,587 19,213 
Residential mortgage and other loans(49)(1)(54)51 984 (50)1,016 
Net charge offs$8,996 $10,747 $3,648 $5,096 $11,970 $19,743 $20,285 
Net charge offs/average loans (annualized)0.24 %0.29 %0.10 %0.14 %0.33 %0.27 %0.29 %

NONPERFORMING ASSETS:6/30/20263/31/202612/31/20259/30/20256/30/2025
Loans on nonaccrual status (1)
$111,973 $109,512 $131,747 $110,010 $110,739 
Accruing delinquent loans past due 90 days or more515 10,642 3,943 2,149 2,149 
Total nonperforming loans112,488 120,154 135,690 112,159 112,888 
Other real estate owned (“OREO”)365 365 365 — — 
Total nonperforming assets$112,853 $120,519 $136,055 $112,159 $112,888 
Nonperforming assets/total assets0.59 %0.65 %0.73 %0.61 %0.61 %
Nonperforming loans/loans receivable0.75 %0.82 %0.92 %0.77 %0.78 %
Nonaccrual loans/loans receivable0.75 %0.75 %0.90 %0.75 %0.77 %
Allowance for credit losses/loans receivable1.03 %1.06 %1.07 %1.05 %1.04 %
Allowance for credit losses/nonperforming loans136.21 %129.10 %115.46 %135.98 %132.44 %
(1) Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $17.1 million, $19.4 million, $15.6 million, $15.3 million, and $15.3 million, at June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, respectively.
NONACCRUAL LOANS BY TYPE:6/30/20263/31/202612/31/20259/30/20256/30/2025
CRE loans$63,647 $52,920 $65,106 $54,016 $55,368 
C&I loans31,724 42,538 53,136 45,494 46,945 
Residential mortgage and other loans16,602 14,054 13,505 10,500 8,426 
   Total nonaccrual loans$111,973 $109,512 $131,747 $110,010 $110,739 
Table Page 8
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE:6/30/20263/31/202612/31/20259/30/20256/30/2025
30 - 59 days past due$11,700 $29,621 $19,056 $15,788 $4,909 
60 - 89 days past due7,306 59 4,244 5,117 2,843 
   Total accruing delinquent loans 30-89 days past due$19,006 $29,680 $23,300 $20,905 $7,752 
ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE BY TYPE:6/30/20263/31/202612/31/20259/30/20256/30/2025
CRE loans$15,917 $11,819 $12,064 $14,872 $4,377 
C&I loans810 604 2,209 3,356 1,084 
Residential mortgage and other loans2,279 17,257 9,027 2,677 2,291 
   Total accruing delinquent loans 30-89 days past due$19,006 $29,680 $23,300 $20,905 $7,752 
CRITICIZED LOANS:6/30/20263/31/202612/31/20259/30/20256/30/2025
Special mention loans$128,994 $72,668 $94,003 $131,384 $137,313 
Classified loans205,283 252,410 257,113 241,483 277,418 
   Total criticized loans$334,277 $325,078 $351,116 $372,867 $414,731 
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”)6/30/20263/31/20266/30/2025
Total stockholders’ equity$2,295,852 $2,283,380 $2,227,248 
Goodwill and core deposit intangible assets, net(526,890)(528,021)(525,428)
TCE$1,768,962 $1,755,359 $1,701,820 
Total assets$18,991,916 $18,656,864 $18,550,148 
Goodwill and core deposit intangible assets, net(526,890)(528,021)(525,428)
Tangible assets$18,465,026 $18,128,843 $18,024,720 
TCE ratio (TCE / tangible assets)9.58 %9.68 %9.44 %
Common shares outstanding127,741,836 127,822,689 128,124,458 
Book value per share (GAAP)$17.97 $17.86 $17.38 
TCE per share$13.85 $13.73 $13.28 
Three Months EndedSix Months Ended
RETURN ON AVERAGE TANGIBLE COMMON EQUITY (“ROTCE”)6/30/20263/31/20266/30/20256/30/20266/30/2025
Average stockholders’ equity$2,293,446 $2,299,203 $2,224,489 $2,296,309 $2,186,495 
Average goodwill and core deposit intangible assets, net(527,594)(525,532)(525,048)(526,569)(496,002)
Average TCE$1,765,852 $1,773,671 $1,699,441 $1,769,740 $1,690,493 
Net income (loss) (GAAP)$33,031 $29,540 $(24,750)$62,571 $(3,654)
ROTCE (annualized)7.48 %6.66 %(5.83)%7.07 %(0.43)%
Table Page 10
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
Three Months EndedSix Months Ended
PRE-PROVISION NET REVENUE (“PPNR”)6/30/20263/31/2026% change6/30/2025% change6/30/20266/30/2025% change
Net interest income$128,969 $124,057 4 %$117,455 10 %$253,026 $218,272 16 %
Noninterest income18,850 16,967 11 %(22,956)NM35,817 (7,268)NM
Revenue147,819 141,024 5 %94,499 56 %288,843 211,004 37 %
Less: Noninterest expense98,464 94,455 4 %109,473 (10)%192,919 193,334 — %
PPNR$49,355 $46,569 6 %$(14,974)NM$95,924 $17,670 443 %
Notable items:
Loss on investment portfolio repositioning$— $— $38,856 $— $38,856 
FDIC special assessment expense (reversal)— (58)— (58)— 
Merger related costs2,058 234 17,281 2,292 19,800 
Total notable items included in PPNR2,058 176 56,137 2,234 58,656 
PPNR, excluding notable items$51,413 $46,745 10 %$41,163 25%$98,158 $76,326 29 %
Three Months EndedSix Months Ended
PROFITABILITY EXCLUDING NOTABLE ITEMS6/30/20263/31/2026% change6/30/2025% change6/30/20266/30/2025% change
Net income (loss) (GAAP)$33,031 $29,540 12 %$(24,750)NM$62,571 $(3,654)NM
Notable items:
Merger-related provision for credit losses— — 553 — 553 
Loss on investment portfolio repositioning— — 38,856 — 38,856 
FDIC special assessment expense (reversal)— (58)— (58)— 
Merger related costs2,058 234 17,281 2,292 19,800 
Total notable items included in pre-tax income2,058 176 56,690 2,234 59,209 
Tax effect on notable items in pre-tax income(590)(50)(12,221)(640)(12,962)
Notable impact from California state tax apportionment law change— — 4,878 — 4,878 
Total notable items, net of tax1,468 126 49,347 1,594 51,125 
Net income excluding notable items$34,499 $29,666 16 %$24,597 40 %$64,165 $47,471 35 %
Diluted common shares128,308,861 128,723,654 128,001,605 128,474,397 124,426,400 
EPS excluding notable items$0.27 $0.23 17 %$0.19 40 %$0.50 $0.38 31 %
Average assets$18,707,236 $18,521,103 $18,728,721 $18,614,684 $17,911,091 
ROA excluding notable items (annualized)0.74 %0.64 %0.53 %0.69 %0.53 %
Average equity$2,293,446 $2,299,203 $2,224,489 $2,296,309 $2,186,495 
ROE excluding notable items (annualized)6.02 %5.16 %4.42 %5.59 %4.34 %
Average TCE$1,765,852 $1,773,671 $1,699,441 $1,769,740 $1,690,493 
ROTCE excluding notable items (annualized)7.81 %6.69 %5.79 %7.25 %5.62 %
Table Page 11
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)

Three Months EndedSix Months Ended
NONINTEREST INCOME EXCLUDING NOTABLE ITEMS6/30/20263/31/20266/30/20256/30/20266/30/2025
Noninterest income (loss)$18,850 $16,967 $(22,956)$35,817 $(7,268)
Notable items:
Loss on investment portfolio repositioning— — 38,856 — 38,856 
Noninterest income excluding notable items$18,850 $16,967 $15,900 $35,817 $31,588 
Three Months EndedSix Months Ended
EFFICIENCY RATIO EXCLUDING NOTABLE ITEMS6/30/20263/31/20266/30/20256/30/20266/30/2025
Noninterest expense$98,464 $94,455 $109,473 $192,919 $193,334 
Notable items:
FDIC special assessment expense reversal— 58 — 58 — 
Merger related costs(2,058)(234)(17,281)(2,292)(19,800)
Noninterest expense excluding notable items$96,406 $94,279 $92,192 $190,685 $173,534 
Revenue$147,819 $141,024 $94,499 $288,843 $211,004 
Notable items:
Loss on investment portfolio repositioning— — 38,856 — 38,856 
Revenue excluding notable items$147,819 $141,024 $133,355 $288,843 $249,860 
Efficiency ratio excluding notable items65.22 %66.85 %69.13 %66.02 %69.45 %
Three Months EndedSix Months Ended
EFFECTIVE TAX RATE EXCLUDING NOTABLE ITEMS6/30/20263/31/20266/30/20256/30/20266/30/2025
Income (loss) before income taxes$42,585 $37,919 $(26,066)$80,504 $1,778 
Notable items before tax effect2,058 176 56,690 2,234 59,209 
Income before tax excluding notable items$44,643 $38,095 $30,624 $82,738 $60,987 
GAAP income tax provision (benefit)$9,554 $8,379 $(1,316)$17,933 $5,432 
Tax effect on notable items in pre-tax income590 50 12,221 640 12,962 
Notable impact from California state tax apportionment law change— — (4,878)— (4,878)
Income tax provision excluding notable items$10,144 $8,429 $6,027 $18,573 $13,516 
Effective tax rate excluding notable items22.72 %22.13 %19.68 %22.45 %22.16 %
Table Page 12