NASDAQ$HOPE
Hope Bancorp Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Reported a decrease in net income due to FDIC special assessment and restructuring charges, but excluding these items, net income increased. Credit quality metrics improved, and capital ratios expanded.
Hope Bancorp reported a net income of $26.5 million for Q4 2023, or $0.22 per diluted common share. Excluding notable items such as the FDIC special assessment and restructuring charges, net income was $38.3 million, a 26% increase quarter-over-quarter. The company saw improvements in credit quality metrics and an expansion of regulatory risk-based capital ratios.
- Net income for the fourth quarter was $26.5 million, but excluding notable items, it was $38.3 million, up 26% quarter-over-quarter.
- Nonperforming assets decreased by 26%, and criticized loans declined by 11% from the previous quarter.
- Net charge-offs for the fourth quarter were 0.05%, annualized, of average loans.
- Tangible book value grew by 6% year-over-year, and all regulatory risk-based capital ratios expanded.
Headline financials
Revenue & EPS history
Hope Bancorp · Revenue · Quarterly
$135M
Forward guidance
Hope Bancorp's strategic reorganization aims to improve efficiency, support loan and deposit growth, and enhance stockholder value. However, economic conditions, interest rate volatility, liquidity risks, and potential regulatory changes could impact future performance.
Tailwinds
- Realignment around lines of business and products will enable Bank of Hope to operate more efficiently.
- Strategic reorganization will support high-quality loan and deposit growth.
- Realignment will deliver improved returns in the years to come.
- Strategic reorganization will enhance stockholder value over the long term.
- Strong capital positions the Bank well to support all our customers in their growth plans for the new year.
Headwinds
- Possible further deterioration in economic conditions in our areas of operation
- Interest rate risk associated with volatile interest rates and related asset-liability matching risk
- Liquidity risks
- Risk of significant non-earning assets, and net credit losses that could occur, particularly in times of weak economic conditions or times of rising interest rates
- Potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations
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 2023
+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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