Recent Updates — HOPE

Hope Bancorp reported third-quarter 2026 net income of $35.6 million, or $0.28 per diluted share, an 8% increase from the prior quarter and a 16% rise year-over-year. The bank also announced that its Board declared a quarterly cash dividend of $0.14 per common share, payable on or about November 20, 2026, to stockholders of record as of November 7, 2026. Additionally, the company completed the acquisition of the Commercial Banking Unit of SMBC MANUBANK on October 1, 2026, adding approximately $2.0 billion in loans and $2.6 billion in deposits to its balance sheet. Hope Bancorp is a regional bank holding company serving multicultural customers across the United States and Hawaii.

Hope Bancorp, Inc. completed the acquisition of the Commercial Banking Unit of SMBC MANUBANK on October 1, 2026, as previously agreed in a definitive March 31, 2026 agreement. The transaction adds an established commercial banking franchise and seasoned professionals to Bank of Hope, diversifying deposit segments and expanding its footprint in the Greater Los Angeles market. Seven additional branches are added to Bank of Hope's network following this acquisition. Concurrently, a Collaboration and Partnership Agreement between Bank of Hope and SMBC became effective, allowing Bank of Hope to provide financial solutions to SMBC’s Japan-based customers needing U.S. banking services. Hope Bancorp is the holding company for Bank of Hope, a regional bank serving multicultural customers across the continental United States and Hawaii.

On August 24, 2026, Hope Bancorp Inc. entered into an Extension of Employment Agreement with Kevin S. Kim, extending his term as President and Chief Executive Officer through August 31, 2031, with a maximum extension limit until August 31, 2033. This administrative retention of key executive leadership does not materially alter the company's operational outlook or valuation. Hope Bancorp Inc. operates in the banking industry, providing financial services through its subsidiary, Bank of Hope.

Hope Bancorp, Inc. reported second quarter 2026 net income of $33.0 million, or $0.26 per diluted common share, representing a 12% increase from the first quarter of 2026. Net interest income rose 4% sequentially to $129.0 million, while the net interest margin expanded to 2.96%. Total assets reached $18.99 billion as of June 30, 2026. The company also announced a quarterly cash dividend of $0.14 per common share, payable on or about August 20, 2026, to stockholders of record as of August 6, 2026. The company is currently pursuing the acquisition of the Commercial Banking Unit of SMBC MANUBANK. Hope Bancorp is a financial services company that operates as a bank holding company for Bank of Hope.