NASDAQ$HOPE
Hope Bancorp Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Hope Bancorp reported improved operational performance and profitability and took strategic actions to de-risk the loan portfolio.
Hope Bancorp reported a net income of $55.5 million, an increase of 3% compared to the previous quarter and 82% compared to the year-ago quarter. The company's business development was strong, with record new loan production of $1.01 billion and record high SBA origination volumes of $115.0 million. Deposits reached a record high of $15.1 billion, driven by growth in noninterest bearing demand deposits.
- Loan originations increased 13% quarter-over-quarter to a record high of $1.01 billion.
- Noninterest bearing demand deposits increased 7% quarter-over-quarter, contributing to record high deposits of $15.06 billion.
- Net income increased 3% quarter-over-quarter, totaling $55.5 million, or $0.45 per diluted common share.
- Nonaccrual loans decreased 51% quarter-over-quarter, and total criticized loans decreased 19%.
Headline financials
Revenue & EPS history
Hope Bancorp · Revenue · Quarterly
$141M
Forward guidance
The company is well positioned to drive stronger performance in the years ahead, due to improvements in asset quality, robust loan production and positive core deposit growth.
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 Q3 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
| 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