NASDAQ$HOPE
Hope Bancorp Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported solid financial results despite a challenging operating environment, reflecting a lower-risk and diversified loan portfolio.
Hope Bancorp reported a net income of $51.7 million, or $0.43 per diluted common share, for the fourth quarter of 2022. Loan originations totaled $793.4 million, with commercial loans accounting for 54% of the new production. Total deposits increased 1.5% quarter-over-quarter.
- Loan originations totaled $793.4 million, with commercial loans accounting for 54% of total originations for the quarter.
- Loans receivable decreased 0.6% quarter-over-quarter, but increased 10.4% year-over-year.
- Criticized loan balances decreased 8.0% quarter-over-quarter, or 47.7% year-over-year.
- Total nonperforming assets declined 28.4% quarter-over-quarter and represented 0.36% of total assets at year-end.
Headline financials
Revenue & EPS history
Hope Bancorp · Revenue · Quarterly
$163M
Forward guidance
While 2023 will bring further challenges, the progress made to strengthen and diversify the franchise over the past few years will serve well with more sustainable earnings power.
Tailwinds
- Ability to continue strengthening franchise value during an economic downturn.
- Generating profitable growth.
- Enhancing long-term shareholder value.
- Lower-risk, more diversified loan portfolio.
- Improvements in asset quality.
Headwinds
- Operating environment becoming more challenging.
- Market's expectations for the economic conditions to weaken further in 2023.
- Decline in loans receivable quarter-over-quarter.
- Migration to higher-yielding deposit accounts.
- Higher interest expense on deposits and borrowings.
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 Q4 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% | — | — |
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