NASDAQ$HOPE

Hope Bancorp Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported a 23% increase in net income compared to the previous quarter, driven by sound management and economic recovery.

Hope Bancorp reported strong second-quarter results with a 23% increase in net income to $53.8 million, driven by improvements in deposit composition, net interest margin expansion, and a negative provision for credit losses.

  • Net income increased 23% quarter-over-quarter to $53.8 million, or $0.43 per diluted common share.
  • Net interest income before provision for credit losses increased 3% quarter-over-quarter to $126.6 million.
  • Loan originations reached a record high of $894 million.
  • A negative provision for credit losses of $7.0 million was recorded, driven by improved macroeconomic factors.

Headline financials

Total Revenue

$138M

Previous: $121M+13.7%
EPS (adj)

$0.43

Previous: $0.22+95.5%
Net Interest Margin

3.1%

Previous: 2.8%+11.5%
Efficiency Ratio

53.1%

Previous: 55.4%-4.1%
Capital Expenditures

-$2.67M

Previous: -$3.1M+13.9%
Free Cash Flow

$51.1M

Previous: $23.6M+116.0%
Net Income

$53.8M

Previous: $26.8M+101.0%
Operating Income

$95.1M

Previous: $47.5M+100.2%
Gross Profit

$131M

Previous: $104M+26.2%
Cash & Equivalents

$855M

Previous: $1.47B-41.8%
Total Assets

$17.5B

Previous: $17.2B+1.8%
Stock-Based Comp

$2.07M

Previous: $1.81M+14.1%

Revenue & EPS history

Hope Bancorp · Revenue · Quarterly

$138M

Q2 2021+13.7%vs Q2 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.1%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+1.2%

Avg return

30 days after

50%

33 / 66 earnings

Positive

+13.9%

Q1 2020

Best reaction

-8.6%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.1%-0.5%-1.0%
Q4 2025+3.2%+1.7%+0.0%
Q3 2025+1.0%-1.8%+0.3%
Q2 2025-0.6%-2.2%+3.1%
Q1 2025+1.8%+5.2%+5.4%
Q4 2024+1.1%-3.8%-10.8%
Q3 2024+0.0%-0.9%+10.4%
Q2 2024-2.6%-9.6%-6.1%
Q1 2024-8.6%-1.1%-7.7%
Q4 2023-7.3%-8.7%-8.2%
Q3 2023-4.6%-1.8%+12.7%
Q2 2023+4.1%+14.3%-0.9%
Q1 2023-6.0%-6.1%-13.0%
Q4 2022-4.2%-3.1%-0.8%
Q3 2022+1.1%+1.5%+3.0%
Q2 2022+3.7%+2.3%+10.6%
Q1 2022+3.5%-0.3%-10.3%
Q4 2021+11.9%+7.1%+7.0%
Q3 2021+0.0%-1.6%+5.1%
Q2 2021+6.0%+3.6%+7.8%
Q1 2021-2.1%-3.0%-0.6%
Q4 2020-7.2%-9.0%+8.7%
Q3 2020+3.3%+10.2%+22.2%
Q2 2020+0.0%+0.0%+1.8%
Q1 2020+13.9%+5.5%+10.9%
Q4 2019+0.9%-2.1%-2.5%
Q3 2019+2.6%-1.3%-1.1%
Q2 2019+2.4%+4.1%-3.9%
Q1 2019+0.5%-2.7%-0.1%
Q4 2018+3.8%+4.5%+5.3%
Q3 2018-4.3%-7.5%-5.6%
Q2 2018-3.5%-1.0%-0.6%
Q1 2018-5.5%-4.1%+0.6%
Q4 2017+2.6%+0.2%-2.7%
Q3 2017+2.1%+5.1%+0.5%
Q2 2017-3.3%-3.3%-9.4%
Q1 2017-5.7%-4.3%-6.5%
Q4 2016+5.6%-0.1%+1.7%
Q3 2016-4.8%-4.7%+12.7%
Q2 2016-1.5%-1.0%+11.5%
Q1 2016-0.5%
Q4 2015+2.2%
Q3 2015-0.2%
Q2 2015+0.8%
Q1 2015+0.0%
Q4 2014+0.6%
Q3 2014+1.9%
Q2 2014-0.2%
Q1 2014+3.4%
Q4 2013+2.4%
Q3 2013+0.6%
Q2 2013-0.1%
Q1 2013-0.5%
Q4 2012+3.8%
Q3 2012-0.8%
Q2 2012+0.1%
Q1 2011-2.0%
Q4 2011-2.0%
Q1 2012+2.0%
Q4 2009+5.2%
Q3 2011-4.6%
Q3 2010-4.6%
Q2 2011-5.2%
Q2 2010-5.2%
Q4 2010-5.2%
Q1 2010+10.2%

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