NASDAQ$HOPE
Hope Bancorp Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported strong financial results with record loan production and enhanced pre-provision net revenue.
Hope Bancorp reported net income of $52.1 million, or $0.43 per diluted common share, for the second quarter of 2022. The company achieved record loan production of $1.29 billion and a 15 basis point increase in net interest margin.
- Loan originations totaled a record $1.29 billion, up 25% over the preceding first quarter.
- Excluding PPP, loans receivable increased 16% quarter-over-quarter on an annualized basis.
- Company recorded net recoveries of $930 thousand, reflecting the third consecutive quarter of total net recoveries.
- Net interest margin expanded 15 basis points from the preceding first quarter, largely benefiting from higher loan yields.
Headline financials
Revenue & EPS history
Hope Bancorp · Revenue · Quarterly
$154M
Forward guidance
The company remains confident that investments made to strengthen and diversify the business model will continue to generate solid loan and deposit growth, despite the challenges of the current economy.
Tailwinds
- Investments made to strengthen and diversify our business model
- Solid loan and deposit growth
- Lower-risk, more diversified loan portfolio
- Enhanced credit administration framework
- Well positioned to navigate the potential challenges of a recessionary environment
Headwinds
- Challenges of the current economy
- Potential challenges of a recessionary environment
- Higher compensation expense environment
- Volatile interest rates
- Possible deterioration in economic conditions
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 2022
+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
| Quarter | Report date | Reaction (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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro