UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

July 24, 2023

Date of Report (Date of earliest event reported)

HOPE BANCORP INC
(Exact name of registrant as specified in its charter)		Delaware	000-50245	95-4849715
---	---	---
(State of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

3200 Wilshire Boulevard, Suite 1400

Los Angeles, California 90010

(Address of principal executives offices, including zip code)

(213) 639-1700

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Common Stock	,	par value $0.001 per share	HOPE	NASDAQ Global Select Market
(Title of class)			(Trading Symbol)	(Name of exchange on which registered)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 24, 2023, Hope Bancorp, Inc. (“HOPE” or the “Company”) issued a news release concerning its results of operations and financial condition for the second quarter and six months ended and as of June 30, 2023. A copy of the July 24, 2023 news release is furnished as Exhibit 99.1 and incorporated herein by reference.

The information furnished under Item 2.02, Item 7.01, and certain exhibits under Item 9.01 of this Current Report on Form 8-K (including Exhibits 99.1 and 99.2 to this Current Report on Form 8-K) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to liabilities under that Section, nor shall it be deemed incorporated by reference in any registration statement or other filings of the Company under the Securities Act of 1933 or the Exchange Act, except as shall be set forth as a specific reference in such filing.

Item 7.01. Regulation FD Disclosure

The Company previously announced that it will host an investor conference call on Monday, July 24, 2023 at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review financial results for its second quarter and six months ended and as of June 30, 2023. A presentation to accompany the conference call, which contains certain historical and forward-looking information relating to the Company (the “Presentation Materials”), has been made available at the Investor Relations section of Hope Bancorp’s website at www.ir-hopebancorp.com. A copy of the Presentation Materials is furnished as Exhibit 99.3 and incorporated herein by reference.

Item 8.01 Other Events.

On July 24, 2023, the Company issued a news release announcing that its Board of Directors declared a quarterly cash dividend of $0.14 per common share. The cash dividend is payable on or about August 17, 2023 to all stockholders of record as of the close of business on August 3, 2023. A copy of the July 24, 2023 news release is attached hereto as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Description of Exhibit
99.1	News release, dated July 24 , 2023, concerning the results of operations and financial condition for the second quarter ended and as of June 30 , 2023.
99.2	Presentation Materials, dated July 2 4 , 2023.
99.3	News release, dated July 24 , 2023, announcing the declaration of a quarterly cash dividend.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		HOPE BANCORP, INC.
Date: July 24, 2023	By:	/s/ Kevin S. Kim
		Kevin S. Kim
		Chairman, President and Chief Executive Officer

Document

News Release

HOPE BANCORP REPORTS 2023 SECOND QUARTER FINANCIAL RESULTS

LOS ANGELES - July 24, 2023 - Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its second quarter and six months ended June 30, 2023.

For the three months ended June 30, 2023, net income totaled $38.0 million, or $0.32 per diluted common share. This compares with net income of $39.1 million, or $0.33 per diluted common share, in the preceding first quarter. Pre-provision net revenue (“PPNR”) (1) for the 2023 second quarter totaled $60.4 million, up 11% from $54.5 million in the preceding first quarter.

“Throughout the second quarter, we continued to maintain high levels of capital and liquidity to prudently navigate an operating environment that is challenging for regional banks,” said Kevin S. Kim, Chairman, President and Chief Executive Officer. “Year-over-year, our total capital ratio increased 51 basis points to 12.64% at June 30, 2023. At the end of the 2023 second quarter, our tangible common equity ratio (1) was a robust 8.04%.

“Our asset quality remains healthy. We recorded net recoveries of $552 thousand for the 2023 second quarter, and nonperforming assets decreased 30% year-over-year. We have steadily built our allowance for credit losses, with coverage at 1.16% of loans receivable at June 30, 2023.

“Year-over-year, our loans receivable grew 2% to $14.9 billion, and our total deposits grew 4% to $15.6 billion at June 30, 2023. With Bank of Hope’s strong balance sheet and continued investment in enhancing our products and services, we are focused on expanding our relationships with our customers and strengthening our market leadership in the Korean American community and beyond,” said Kim.

Q2 2023 Highlights

•Capital growth. Total capital was $2.10 billion at June 30, 2023, growing 2% from March 31, 2023. The total capital ratio increased 39 basis points quarter-over-quarter to 12.64% at June 30, 2023. Book value per common share at June 30, 2023, was $17.23, and tangible common equity (“TCE”) per share (1) was $13.32, up 0.3% and 0.5%, respectively, quarter-over-quarter. The TCE ratio of 8.04% as of June 30, 2023, expanded 13 basis points from March 31, 2023.

•Strong liquidity. Cash and cash equivalents increased to $2.30 billion at June 30, 2023, up from $2.21 billion at March 31, 2023. Available borrowing capacity, together with cash and cash equivalents and unpledged investment securities, totaled $7.75 billion, equivalent to 50% of total deposits at June 30, 2023.

•Healthy asset quality. Nonperforming assets declined 3% quarter-over-quarter. The nonperforming assets ratio improved to 0.38% of total assets at June 30, 2023, down from 0.39% at March 31, 2023. The Company recorded net recoveries of $552 thousand during the 2023 second quarter, equivalent to 0.01% annualized of average loans.

•Total deposits of $15.62 billion at June 30, 2023, decreased 1% quarter-over-quarter and grew 4% year-over-year. Uninsured deposits at June 30, 2023, represented 36% of the Bank’s deposits, compared with 38% at March 31, 2023.

•Loans receivable of $14.86 billion at June 30, 2023, decreased 1% quarter-over-quarter and grew 2% year-over-year.

•Efficiency improvement. The efficiency ratio for the 2023 second quarter improved 325 basis points to 59.1% from 62.4% for the preceding first quarter.

•PPNR increase. PPNR for the 2023 second quarter totaled $60.4 million, up 11% from $54.5 million in the preceding first quarter.

(1) PPNR, TCE ratio, and TCE per share are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Page 10.

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Financial Summary

	At or for the Three Months Ended
(dollars in thousands, except per share data) (unaudited)	6/30/2023			3/31/2023			6/30/2022
Net income	$	38,022		$	39,121		$	52,088
Diluted earnings per share	$	0.32		$	0.33		$	0.43
Net interest income before provision for credit losses	$	130,689		$	133,878		$	141,538
Pre-provision net revenue (“PPNR”) (1)	$	60,370		$	54,502		$	73,919
Loans receivable	$	14,864,810		$	15,064,849		$	14,546,049
Deposits	$	15,619,352		$	15,828,209		$	15,029,630
Total assets	$	20,366,138		$	20,568,884		$	18,089,062
Total equity	$	2,067,998		$	2,058,580		$	2,000,369
Total capital ratio		12.64	%		12.25	%		12.13	%
Tangible common equity (“TCE”) ratio (1)		8.04	%		7.91	%		8.68	%
Net recoveries (charge offs)	$	552		$	(108)		$	930
Net recoveries/average loans receivable (2)		0.01	%		—	%		0.03	%
Allowance for credit losses	$	172,996		$	163,544		$	151,580
Allowance for credit losses to loans receivable		1.16	%		1.09	%		1.04	%
Nonperforming assets to total assets (3)		0.38	%		0.39	%		0.61	%
Return on average assets (“ROA”) (2)		0.74	%		0.82	%		1.17	%
Return on average equity (“ROE”) (2)		7.34	%		7.65	%		10.33	%
Return on average TCE (“ROTCE”) (1) (2)		9.49	%		9.93	%		13.48	%
ROA (PPNR) (1) (2)		1.18	%		1.14	%		1.65	%
ROE (PPNR) (1) (2)		11.65	%		10.65	%		14.66	%
Net interest margin (2)		2.70	%		3.02	%		3.36	%
Noninterest expense / average assets (2)		1.71	%		1.89	%		1.80	%
Efficiency ratio		59.13	%		62.38	%		52.09	%

__________________

(1) PPNR, TCE ratio, ROTCE, ROA (PPNR), and ROE (PPNR) are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Page 10.

(2) Annualized.

(3) Excludes delinquent Small Business Administration (“SBA”) loans that are guaranteed and currently in liquidation.

Operating Results for the 2023 Second Quarter

Net interest income. Net interest income before provision for credit losses for the 2023 second quarter totaled $130.7 million, a decrease of 2% compared with $133.9 million in the preceding first quarter. 2023 second quarter interest income of $267.2 million increased $30.5 million quarter-over-quarter, driven by growth in average interest earning cash and deposits at other banks, as well as expanding loan yields. This was offset by higher interest expense, which increased $33.7 million quarter-over-quarter, reflecting a higher cost of interest bearing deposits and a higher volume of average borrowings.

The net interest margin for the 2023 second quarter decreased 32 basis points to 2.70%, from 3.02% in the preceding first quarter, primarily reflecting a higher cost of funds and an increase in average borrowings, partially offset by loan yield expansion and growth in average interest earning cash and deposits at other banks.

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The weighted average yield on loans for the 2023 second quarter was 5.99%, up 24 basis points from 5.75% in the preceding first quarter. This reflected increases in market interest rates and a significant increase in the average rate on new loans. The average rate on new loans originated in the 2023 second quarter was 8.37%, up 84 basis points quarter-over-quarter.

The weighted average cost of total deposits for the 2023 second quarter was 2.79%, up 42 basis points from 2.37% in the preceding first quarter, reflecting higher rates paid on interest bearing deposit accounts.

Noninterest income. Noninterest income for the 2023 second quarter totaled $17.0 million, up 55% from $11.0 million in the preceding first quarter. Other income and fees for the 2023 second quarter included a $5.8 million cash distribution from a gain on an investment in an affordable housing partnership. During the 2023 second quarter, the Company sold $38.4 million of the guaranteed portion of SBA 7(a) loans and $6.6 million of residential mortgage loans, for a gain on loan sales of $2.0 million, compared with $40.7 million and $7.3 million, respectively, sold in the preceding first quarter for a gain on loan sales of $2.3 million.

Noninterest expense. Noninterest expense for the 2023 second quarter decreased 3% to $87.3 million, down from $90.4 million in the preceding first quarter. The quarter-over-quarter change was primarily driven by lower salaries and employee benefits expense, partially offset by the impact of an industry-wide increase in the FDIC assessment rate of two basis points.

The Company’s efficiency ratio for the 2023 second quarter improved to 59.1% from 62.4% in the preceding first quarter. Annualized noninterest expense as a percentage of average assets was 1.71% for the 2023 second quarter, down from 1.89% for the 2023 first quarter.

Tax rate. The effective tax rate for the 2023 second quarter was 26.1%, compared with 25.9% for the preceding first quarter. The year-to-date effective tax rate for the first six months of 2023 was 26.0%.

Balance Sheet Summary

Loans. New loan originations for the 2023 second quarter totaled $490.6 million, compared with $568.7 million for the preceding first quarter. The following table sets forth the components of new loan production for the quarters ended June 30, 2023, March 31, 2023, and June 30, 2022.

	For the Three Months Ended
(dollars in thousands) (unaudited)	6/30/2023		3/31/2023		6/30/2022
Commercial real estate (“CRE”) loans	$	115,444	$	176,798	$	522,093
Commercial and industrial (“C&I”) loans		318,063		344,194		544,639
SBA loans		38,051		29,977		35,085
Residential mortgage loans		18,736		14,317		181,408
Other loans		280		3,375		2,770
Total new loan originations	$	490,574	$	568,661	$	1,285,995

At June 30, 2023, loans receivable decreased 1% quarter-over-quarter to $14.86 billion from $15.06 billion at March 31, 2023. Year-over-year, loans receivable grew 2%, up from $14.55 billion at June 30, 2022. The following table sets forth the loan portfolio composition and percentage of total loans at June 30, 2023, March 31, 2023, and June 30, 2022:

(dollars in thousands) (unaudited)	6/30/2023				3/31/2023				6/30/2022
	Balance		Percentage		Balance		Percentage		Balance		Percentage
C&I loans	$	4,805,126	32.3	%	$	4,821,270	32.0	%	$	4,395,738	30.2	%
CRE loans	9,192,160		61.9	%	9,373,529		62.2	%	9,335,020		64.2	%
Residential mortgage and other loans	867,524		5.8	%	870,050		5.8	%	815,291		5.6	%
Loans receivable	$	14,864,810	100.0	%	$	15,064,849	100.0	%	$	14,546,049	100.0	%

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Deposits. At June 30, 2023, total deposits decreased 1% to $15.62 billion from $15.83 billion at March 31, 2023. Year-over-year, total deposits grew 4%, up from $15.03 billion at June 30, 2022. The following table sets forth the deposit composition and percentage of total deposits at June 30, 2023, March 31, 2023, and June 30, 2022:

(dollars in thousands) (unaudited)	6/30/2023				3/31/2023				6/30/2022
	Balance		Percentage		Balance		Percentage		Balance		Percentage
Noninterest bearing demand deposits	$	4,229,247	27.1	%	$	4,504,621	28.4	%	$	5,689,992	37.9	%
Money market and interest bearing<br> demand deposits	4,188,584		26.8	%	4,331,998		27.4	%	6,339,467		42.2	%
Savings deposits	224,495		1.4	%	231,704		1.5	%	326,927		2.1	%
Time deposits	6,977,026		44.7	%	6,759,886		42.7	%	2,673,244		17.8	%
Total deposits	$	15,619,352	100.0	%	$	15,828,209	100.0	%	$	15,029,630	100.0	%

Liquidity. At June 30, 2023, cash and cash equivalents increased to $2.30 billion from $2.21 billion at March 31, 2023, and up from $0.20 billion at June 30, 2022. Available borrowing capacity, cash and cash equivalents, and unpledged investment securities totaled $7.75 billion, equivalent to 50% of total deposits at June 30, 2023, and well exceeding the Bank’s uninsured deposit balances.

Borrowings and Convertible Notes. Federal Home Loan Bank and Federal Reserve Bank borrowings were $2.26 billion at June 30, 2023, compared with $2.13 billion at March 31, 2023, and $0.57 billion at June 30, 2022. At the expiration of the Optional Put for the holders of the Company’s 2% Convertible Senior Notes due 2038, $197 million of the principal amount was paid off on May 15, 2023, with existing cash.

Allowance for Credit Losses

For the 2023 second quarter, the Company recorded a provision for credit losses of $8.9 million, compared with $1.7 million in the preceding first quarter, building its allowance for credit losses. The allowance for credit losses increased to $173.0 million at June 30, 2023, up from $163.5 million at March 31, 2023. The allowance coverage ratio increased to 1.16% of loans receivable at June 30, 2023, up from 1.09% a quarter ago.

The following table sets forth the allowance for credit losses and allowance coverage ratios at June 30, 2023, March 31, 2023, and June 30, 2022:

(dollars in thousands) (unaudited)	6/30/2023			3/31/2023			6/30/2022
Allowance for credit losses	$	172,996		$	163,544		$	151,580
Allowance for credit losses/loans receivable		1.16	%		1.09	%		1.04	%

Credit Quality

Asset quality continued to be healthy. The Company recorded net recoveries of $552 thousand in the 2023 second quarter, representing an annualized net recovery ratio of 0.01% of average loans. The following table sets forth net recoveries (charge offs) and net recoveries to average loans receivable, annualized, for the three months ended June 30, 2023, March 31, 2023, and June 30, 2022:

	For the Three Months Ended
(dollars in thousands) (unaudited)	6/30/2023			3/31/2023			6/30/2022
Net recoveries (charge offs)	$	552		$	(108)		$	930
Net recoveries/average loans receivable (annualized)		0.01	%		—	%		0.03	%

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Nonperforming assets. Nonperforming assets totaled $77.4 million at June 30, 2023, a decrease of 3% quarter-over-quarter, and a decrease of 30% year-over-year. The nonperforming assets ratio improved to 0.38% of total assets at June 30, 2023, down from 0.39% at March 31, 2023, and down from 0.61% at June 30, 2022. Nonperforming loans decreased 4% quarter-over-quarter to $76.4 million at June 30, 2023, down from $79.2 million at March 31, 2023, and decreased 30% year-over-year from $108.6 million at June 30, 2022.

The following table sets forth the components of nonperforming assets at June 30, 2023, March 31, 2023, and June 30, 2022:

(dollars in thousands) (unaudited)	6/30/2023			3/31/2023			6/30/2022
Loans on nonaccrual status (1)	$	61,252		$	78,861		$	69,522
Accruing delinquent loans past due 90 days or more		15,182			364			12,468
Accruing troubled debt restructured loans (2)		—			—			26,572
Total nonperforming loans		76,434			79,225			108,562
Other real estate owned		938			938			2,010
Total nonperforming assets	$	77,372		$	80,163		$	110,572
Nonperforming assets/total assets		0.38	%		0.39	%		0.61	%

__________________

(1) Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $11.9 million, $7.6 million and $13.2 million at June 30, 2023, March 31, 2023, and June 30, 2022, respectively.

(2) The Company adopted ASU 2022-02 in 2023, which eliminated the concept of troubled debt restructured (“TDR”) loans from GAAP; therefore, accruing TDR loans are no longer included in nonperforming loans.

Criticized loans. Total criticized loans were $345.0 million at June 30, 2023, compared with $304.7 million at March 31, 2023, and $340.5 million at June 30, 2022.

Capital

The Company’s capital ratios remained strong. At June 30, 2023, the Company and the Bank continued to exceed all regulatory capital requirements generally required to meet the definition of a “well-capitalized” financial institution. The following table sets forth the capital ratios for the Company at June 30, 2023, March 31, 2023, and June 30, 2022:

(unaudited)	6/30/2023	3/31/2023	6/30/2022	Minimum Guideline for “Well-Capitalized”
Common Equity Tier 1 Capital Ratio	11.06%	10.75%	10.69%	6.50%
Tier 1 Capital Ratio	11.68%	11.36%	11.33%	8.00%
Total Capital Ratio	12.64%	12.25%	12.13%	10.00%
Leverage Ratio	9.57%	10.13%	10.32%	5.00%

The following table sets forth the TCE per share and the TCE ratio at June 30, 2023, March 31, 2023, and June 30, 2022:

(unaudited)	6/30/2023	3/31/2023	6/30/2022
TCE per share (1)	$13.32	$13.26	$12.80
TCE ratio (1)	8.04%	7.91%	8.68%

__________________

(1) TCE per share and TCE ratio are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Page 10.

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Investor Conference Call

The Company previously announced that it will host an investor conference call on Monday, July 24, 2023 at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review unaudited financial results for its second quarter ended June 30, 2023. Investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (international) and asking for the “Hope Bancorp Call.” A presentation to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp’s website at www.ir-hopebancorp.com. Other interested parties are invited to listen to a live webcast of the call available at the Investor Relations section of Hope Bancorp’s website. After the live webcast, a replay will remain available at the Investor Relations section of Hope Bancorp’s website for one year. A telephonic replay of the call will be available at 877-344-7529 (domestic) or 412-317-0088 (international) for one week through July 31, 2023, replay access code 8610354.

Non-GAAP Financial Metrics

This news release contains certain non-GAAP financial measure disclosures, including PPNR, TCE per share, TCE ratio, ROTCE, ROA (PPNR), and ROE (PPNR). Management believes these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s operational performance and the Company’s capital levels and has included these figures in response to market participant interest in these financial metrics. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Page 10.

About Hope Bancorp, Inc.

Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with $20.37 billion in total assets as of June 30, 2023. Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, Bank of Hope operates 53 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Alabama, and Georgia. The Bank also operates SBA loan production offices in Seattle, Denver, Dallas, Atlanta, Portland, New York City, Northern California and Houston; commercial loan production offices in Northern California, Seattle and Tampa, Fla.; residential mortgage loan production offices in Southern California; and a representative office in Seoul, Korea. Bank of Hope specializes in core business banking products for small and medium-sized businesses, with an emphasis in commercial real estate lending, commercial and industrial lending, SBA lending, and international trade financing. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to bankofhope.com. By including the foregoing website address link, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein.

7-7-7 NASDAQ: HOPE

Forward-Looking Statements

Some statements in this news release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things, expectations regarding the business environment in which we operate, projections of future performance, perceived opportunities in the market and statements regarding our business strategies, objectives and vision. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” or similar expressions. With respect to any such forward-looking statements, the Company claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. The Company’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. The risks and uncertainties include, but are not limited to: 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; the failure of or changes to assumptions and estimates underlying the Company’s allowances for credit losses; regulatory risks associated with current and future regulations; and the COVID-19 pandemic and its impact on our financial position, results of operations, liquidity, and capitalization. For additional information concerning these and other risk factors, see the Company’s most recent Annual Report on Form 10-K. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.

Contacts:

Julianna Balicka Angie Yang

EVP & Chief Financial Officer SVP, Director of Investor Relations & Corporate Communications

213-235-3235 213-251-2219

julianna.balicka@bankofhope.com angie.yang@bankofhope.com

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Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands, except share data)

Assets:	6/30/2023		3/31/2023		% change		6/30/2022		% change
Cash and due from banks	$	2,302,339	$	2,212,637	4	%	$	197,062	1,068	%
Investment securities	2,186,346		2,231,989		(2)	%	2,352,997		(7)	%
Federal Home Loan Bank (“FHLB”) stock and other investments	60,213		59,962		—	%	87,109		(31)	%
Loans held for sale, at the lower of cost or fair value	49,246		125,268		(61)	%	76,376		(36)	%
Loans receivable	14,864,810		15,064,849		(1)	%	14,546,049		2	%
Allowance for credit losses	(172,996)		(163,544)		6	%	(151,580)		14	%
Net loans receivable	14,691,814		14,901,305		(1)	%	14,394,469		2	%
Accrued interest receivable	60,118		57,021		5	%	37,845		59	%
Premises and equipment, net	50,513		47,887		5	%	46,093		10	%
Bank owned life insurance	88,238		87,842		—	%	77,692		14	%
Goodwill	464,450		464,450		—	%	464,450		—	%
Servicing assets	11,532		11,628		(1)	%	11,215		3	%
Other intangible assets, net	4,830		5,278		(8)	%	6,698		(28)	%
Other assets	396,499		363,617		9	%	337,056		18	%
Total assets	$	20,366,138	$	20,568,884	(1)	%	$	18,089,062	13	%
Liabilities:
Deposits	$	15,619,352	$	15,828,209	(1)	%	$	15,029,630	4	%
FHLB and Federal Reserve Bank (“FRB”) borrowings	2,260,000		2,130,000		6	%	573,000		294	%
Convertible notes, net	444		206,658		(100)	%	216,678		(100)	%
Subordinated debentures	107,188		106,875		—	%	105,953		1	%
Accrued interest payable	109,236		53,818		103	%	4,112		2,557	%
Other liabilities	201,920		184,744		9	%	159,320		27	%
Total liabilities	$	18,298,140	$	18,510,304	(1)	%	$	16,088,693	14	%
Stockholders’ Equity:
Common stock, $0.001 par value	$	137	$	137	—	%	$	137	—	%
Additional paid-in capital	1,433,788		1,430,977		—	%	1,424,891		1	%
Retained earnings	1,127,624		1,106,390		2	%	1,011,715		11	%
Treasury stock, at cost	(264,667)		(264,667)		—	%	(264,667)		—	%
Accumulated other comprehensive loss, net	(228,884)		(214,257)		(7)	%	(171,707)		(33)	%
Total stockholders’ equity	2,067,998		2,058,580		—	%	2,000,369		3	%
Total liabilities and stockholders’ equity	$	20,366,138	$	20,568,884	(1)	%	$	18,089,062	13	%
Common stock shares - authorized	150,000,000		150,000,000				150,000,000
Common stock shares - outstanding	120,014,888		119,865,732				119,473,939
Treasury stock shares	17,382,835		17,382,835				17,382,835

Table Page 1

Hope Bancorp, Inc.

Selected Financial Data

Unaudited

	Three Months Ended										Six Months Ended
	6/30/2023		3/31/2023		% change		6/30/2022		% change		6/30/2023		6/30/2022		% change
Interest and fees on loans	$	225,671	$	215,935	5	%	$	145,024	56	%	$	441,606	$	277,696	59	%
Interest on investment securities	15,534		15,125		3	%	12,308		26	%	30,659		23,964		28	%
Interest on cash and deposits at other banks	25,295		4,922		414	%	74		34,082	%	30,217		211		14,221	%
Interest on other investments	684		695		(2)	%	418		64	%	1,379		825		67	%
Total interest income	267,184		236,677		13	%	157,824		69	%	503,861		302,696		66	%
Interest on deposits	109,724		92,348		19	%	12,220		798	%	202,072		20,896		867	%
Interest on borrowings	26,771		10,451		156	%	4,066		558	%	37,222		7,086		425	%
Total interest expense	136,495		102,799		33	%	16,286		738	%	239,294		27,982		755	%
Net interest income before provision (credit) for credit losses	130,689		133,878		(2)	%	141,538		(8)	%	264,567		274,714		(4)	%
Provision (credit) for credit losses	8,900		1,700		424	%	3,200		178	%	10,600		(7,800)		N/A
Net interest income after provision (credit) for credit losses	121,789		132,178		(8)	%	138,338		(12)	%	253,967		282,514		(10)	%
Service fees on deposit accounts	2,325		2,221		5	%	2,270		2	%	4,546		4,244		7	%
Net gains on sales of SBA loans	1,872		2,225		(16)	%	5,804		(68)	%	4,097		11,407		(64)	%
Net gains on sales of residential mortgage loans	82		64		28	%	76		8	%	146		833		(82)	%
Other income and fees	12,735		6,468		97	%	4,596		177	%	19,203		9,448		103	%
Total noninterest income	17,014		10,978		55	%	12,746		33	%	27,992		25,932		8	%
Salaries and employee benefits	52,305		57,169		(9)	%	51,058		2	%	109,474		98,803		11	%
Occupancy	6,967		7,521		(7)	%	7,178		(3)	%	14,488		14,513		—	%
Furniture and equipment	5,393		5,058		7	%	4,778		13	%	10,451		9,422		11	%
Data processing and communications	2,917		2,822		3	%	2,893		1	%	5,739		5,354		7	%
FDIC assessment	4,691		1,781		163	%	1,450		224	%	6,472		3,019		114	%
Earned interest credit	5,090		4,427		15	%	835		510	%	9,517		1,311		626	%
Other	9,970		11,576		(14)	%	12,173		(18)	%	21,546		23,316		(8)	%
Total noninterest expense	87,333		90,354		(3)	%	80,365		9	%	177,687		155,738		14	%
Income before income taxes	51,470		52,802		(3)	%	70,719		(27)	%	104,272		152,708		(32)	%
Income tax provision	13,448		13,681		(2)	%	18,631		(28)	%	27,129		39,882		(32)	%
Net income	$	38,022	$	39,121	(3)	%	$	52,088	(27)	%	$	77,143	$	112,826	(32)	%
Earnings Per Common Share - Basic	$	0.32	$	0.33			$	0.43			$	0.64	$	0.94
Earnings Per Common Share - Diluted	$	0.32	$	0.33			$	0.43			$	0.64	$	0.93
Weighted Average Shares Outstanding - Basic	119,953,174		119,551,247				120,219,919				119,753,321		120,175,894
Weighted Average Shares Outstanding - Diluted	120,129,359		120,242,295				120,699,638				120,179,443		120,898,605

Table Page 2

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

	For the Three Months Ended						For the Six Months Ended
Profitability measures (annualized):	6/30/2023		3/31/2023		6/30/2022		6/30/2023		6/30/2022
ROA	0.74	%	0.82	%	1.17	%	0.78	%	1.27	%
ROE	7.34	%	7.65	%	10.33	%	7.49	%	10.99	%
ROA (PPNR) (1)	1.18	%	1.14	%	1.65	%	1.16	%	1.63	%
ROE (PPNR) (1)	11.65	%	10.65	%	14.66	%	11.15	%	14.11	%
ROTCE (1)	9.49	%	9.93	%	13.48	%	9.70	%	14.27	%
Net interest margin	2.70	%	3.02	%	3.36	%	2.85	%	3.28	%
Efficiency ratio (not annualized)	59.13	%	62.38	%	52.09	%	60.74	%	51.80	%
Noninterest expense / average assets	1.71	%	1.89	%	1.80	%	1.80	%	1.75	%
(1) ROA (PPNR), ROE (PPNR), and ROTCE are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Page 10.

Table Page 3

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

	Three Months Ended
	6/30/2023						3/31/2023						6/30/2022
			Interest		Annualized				Interest		Annualized				Interest		Annualized
	Average		Income/		Average		Average		Income/		Average		Average		Income/		Average
	Balance		Expense		Yield/Cost		Balance		Expense		Yield/Cost		Balance		Expense		Yield/Cost
INTEREST EARNING ASSETS:
Loans, including loans held for sale	$	15,105,212	$	225,671	5.99	%	$	15,235,386	$	215,935	5.75	%	$	14,327,476	$	145,024	4.06	%
Investment securities	2,243,614		15,534		2.78	%	2,248,479		15,125		2.73	%	2,424,454		12,308		2.04	%
Interest earning cash and deposits at <br> other banks	1,996,924		25,295		5.08	%	473,344		4,922		4.22	%	64,545		74		0.46	%
FHLB stock and other investments	47,044		684		5.83	%	47,043		695		5.99	%	69,510		418		2.41	%
Total interest earning assets	$	19,392,794	$	267,184	5.53	%	$	18,004,252	$	236,677	5.33	%	$	16,885,985	$	157,824	3.75	%
INTEREST BEARING LIABILITIES:
Deposits:
Money market and interest bearing demand	$	4,279,819	$	34,377	3.22	%	$	5,341,057	$	41,399	3.14	%	$	6,487,890	$	8,655	0.54	%
Savings deposits	216,060		674		1.25	%	256,194		827		1.31	%	323,114		937		1.16	%
Time deposits	6,890,035		74,673		4.35	%	5,543,369		50,122		3.67	%	2,277,938		2,628		0.46	%
Total interest bearing deposits	11,385,914		109,724		3.87	%	11,140,620		92,348		3.36	%	9,088,942		12,220		0.54	%
FHLB and FRB borrowings	2,177,264		23,622		4.35	%	676,444		6,698		4.02	%	577,966		1,457		1.01	%
Convertible notes, net	96,621		598		2.45	%	217,114		1,322		2.44	%	216,540		1,322		2.42	%
Subordinated debentures	103,123		2,551		9.79	%	102,791		2,431		9.46	%	101,880		1,287		5.00	%
Total interest bearing liabilities	$	13,762,922	$	136,495	3.98	%	$	12,136,969	$	102,799	3.44	%	$	9,985,328	$	16,286	0.65	%
Noninterest bearing demand deposits	4,366,820						4,662,139						5,715,830
Total funding liabilities/cost of funds	$	18,129,742			3.02	%	$	16,799,108			2.48	%	$	15,701,158			0.42	%
Net interest income/net interest spread			$	130,689	1.55	%			$	133,878	1.89	%			$	141,538	3.10	%
Net interest margin					2.70	%					3.02	%					3.36	%
Cost of deposits:
Noninterest bearing demand deposits	$	4,366,820	$	—	—	%	$	4,662,139	$	—	—	%	$	5,715,830	$	—	—	%
Interest bearing deposits	11,385,914		109,724		3.87	%	11,140,620		92,348		3.36	%	9,088,942		12,220		0.54	%
Total deposits	$	15,752,734	$	109,724	2.79	%	$	15,802,759	$	92,348	2.37	%	$	14,804,772	$	12,220	0.33	%

Table Page 4

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

	Six Months Ended
	6/30/2023						6/30/2022
			Interest		Annualized				Interest		Annualized
	Average		Income/		Average		Average		Income/		Average
	Balance		Expense		Yield/Cost		Balance		Expense		Yield/Cost
INTEREST EARNING ASSETS:
Loans, including loans held for sale	$	15,169,939	$	441,606	5.87	%	$	14,100,983	$	277,696	3.97	%
Investment securities	2,246,033		30,659		2.75	%	2,522,293		23,964		1.92	%
Interest earning cash and deposits at <br> other banks	1,239,343		30,217		4.92	%	173,836		211		0.24	%
FHLB stock and other investments	47,044		1,379		5.91	%	68,974		825		2.41	%
Total interest earning assets	$	18,702,359	$	503,861	5.43	%	$	16,866,086	$	302,696	3.62	%
INTEREST BEARING LIABILITIES:
Deposits:
Money market and interest bearing demand	$	4,807,506	$	75,775	3.18	%	$	6,413,292	$	14,355	0.45	%
Savings deposits	236,016		1,501		1.28	%	320,824		1,865		1.17	%
Time deposits	6,220,422		124,796		4.05	%	2,447,771		4,676		0.39	%
Total interest bearing deposits	11,263,944		202,072		3.62	%	9,181,887		20,896		0.46	%
FHLB and FRB borrowings	1,431,000		30,320		4.27	%	411,187		2,144		1.05	%
Convertible notes, net	156,535		1,920		2.44	%	216,423		2,645		2.43	%
Subordinated debentures	102,958		4,982		9.62	%	101,729		2,297		4.49	%
Total interest bearing liabilities	$	12,954,437	$	239,294	3.73	%	$	9,911,226	$	27,982	0.57	%
Noninterest bearing demand deposits	4,513,664						5,694,418
Total funding liabilities/cost of funds	$	17,468,101			2.76	%	$	15,605,644			0.36	%
Net interest income/net interest spread			$	264,567	1.70	%			$	274,714	3.05	%
Net interest margin					2.85	%					3.28	%
Cost of deposits:
Noninterest bearing demand deposits	$	4,513,664	$	—	—	%	$	5,694,418	$	—	—	%
Interest bearing deposits	11,263,944		202,072		3.62	%	9,181,887		20,896		0.46	%
Total deposits	$	15,777,608	$	202,072	2.58	%	$	14,876,305	$	20,896	0.28	%

Table Page 5

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

	Three Months Ended										Six Months Ended
AVERAGE BALANCES:	6/30/2023		3/31/2023		% change		6/30/2022		% change		6/30/2023		6/30/2022		% change
Loans, including loans held for sale	$	15,105,212	$	15,235,386	(1)	%	$	14,327,476	5	%	$	15,169,939	$	14,100,983	8	%
Investment securities	2,243,614		2,248,479		—	%	2,424,454		(7)	%	2,246,033		2,522,293		(11)	%
Interest earning cash and deposits at other banks	1,996,924		473,344		322	%	64,545		2994	%	1,239,343		173,836		613	%
Interest earning assets	19,392,794		18,004,252		8	%	16,885,985		15	%	18,702,359		16,866,086		11	%
Total assets	20,468,810		19,087,170		7	%	17,876,945		14	%	19,781,806		17,810,045		11	%
Interest bearing deposits	11,385,914		11,140,620		2	%	9,088,942		25	%	11,263,944		9,181,887		23	%
Interest bearing liabilities	13,762,922		12,136,969		13	%	9,985,328		38	%	12,954,437		9,911,226		31	%
Noninterest bearing demand deposits	4,366,820		4,662,139		(6)	%	5,715,830		(24)	%	4,513,664		5,694,418		(21)	%
Stockholders’ equity	2,072,859		2,046,159		1	%	2,016,577		3	%	2,059,583		2,053,461		—	%
LOAN PORTFOLIO COMPOSITION:	6/30/2023		3/31/2023		% change		6/30/2022		% change
Commercial and industrial (“C&I”) loans	$	4,805,126	$	4,821,270	—	%	$	4,395,738	9	%
Commercial real estate (“CRE”) loans	9,192,160		9,373,529		(2)	%	9,335,020		(2)	%
Residential mortgage and other loans	867,524		870,050		—	%	815,291		6	%
Loans receivable	14,864,810		15,064,849		(1)	%	14,546,049		2	%
Allowance for credit losses	(172,996)		(163,544)		6	%	(151,580)		14	%
Loans receivable, net	$	14,691,814	$	14,901,305	(1)	%	$	14,394,469	2	%
CRE LOANS BY PROPERTY TYPE:	6/30/2023		3/31/2023		% change		6/30/2022		% change
Multi-tenant retail	$	1,778,068	$	1,817,874	(2)	%	$	2,603,516	(32)	%
Hotels/motels	868,286		900,990		(4)	%	1,143,982		(24)	%
Gas stations and car washes	1,042,290		1,046,528		—	%	1,080,777		(4)	%
Mixed-use facilities	834,948		818,227		2	%	833,342		—	%
Industrial warehouses	1,301,075		1,309,763		(1)	%	1,279,647		2	%
Multifamily	1,257,971		1,302,597		(3)	%	989,840		27	%
Single-tenant retail	690,418		706,593		(2)	%	720,413		(4)	%
Office	463,998		464,703		—	%	440,593		5	%
All other	955,106		1,006,254		(5)	%	242,910		293	%
Total CRE loans	$	9,192,160	$	9,373,529	(2)	%	$	9,335,020	(2)	%
DEPOSIT COMPOSITION	6/30/2023		3/31/2023		% change		6/30/2022		% change
Noninterest bearing demand deposits	$	4,229,247	$	4,504,621	(6)	%	$	5,689,992	(26)	%
Money market and interest bearing demand	4,188,584		4,331,998		(3)	%	6,339,467		(34)	%
Savings deposits	224,495		231,704		(3)	%	326,927		(31)	%
Time deposits	6,977,026		6,759,886		3	%	2,673,244		161	%
Total deposits	$	15,619,352	$	15,828,209	(1)	%	$	15,029,630	4	%

Table Page 6

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands, except share and per share data)

CAPITAL & CAPITAL RATIOS:	6/30/2023			3/31/2023			6/30/2022
Total stockholders’ equity	$	2,067,998		$	2,058,580		$	2,000,369
Total capital	$	2,102,625		$	2,068,433		$	1,948,953
Common equity tier 1 ratio	11.06		%	10.75		%	10.69		%
Tier 1 capital ratio	11.68		%	11.36		%	11.33		%
Total capital ratio	12.64		%	12.25		%	12.13		%
Leverage ratio	9.57		%	10.13		%	10.32		%
Total risk weighted assets	$	16,639,593		$	16,886,419		$	16,066,709
Book value per common share	$	17.23		$	17.17		$	16.74
TCE per share (1)	$	13.32		$	13.26		$	12.80
TCE ratio (1)	8.04		%	7.91		%	8.68		%
(1) TCE per share and TCE ratio are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Page 10.
	Three Months Ended															Six Months Ended
ALLOWANCE FOR CREDIT LOSSES CHANGES:	6/30/2023			3/31/2023			12/31/2022			9/30/2022			6/30/2022			6/30/2023			6/30/2022
Balance at beginning of period	$	163,544		$	162,359		$	160,561		$	151,580		$	147,450		$	162,359		$	140,550
ASU 2022-02 day 1 adoption impact	—			(407)			—			—			—			(407)			—
Provision (credit) for credit losses	8,900			1,700			8,200			9,200			3,200			10,600			(7,800)
Recoveries	1,531			387			3,222			331			1,642			1,918			21,045
Charge offs	(979)			(495)			(9,624)			(550)			(712)			(1,474)			(2,215)
Balance at end of period	$	172,996		$	163,544		$	162,359		$	160,561		$	151,580		$	172,996		$	151,580
Net recoveries (charge offs)/average loans receivable (annualized)	0.01		%	—		%	(0.17)		%	(0.01)		%	0.03		%	0.01		%	0.27		%
	6/30/2023			3/31/2023			12/31/2022			9/30/2022			6/30/2022
Allowance for unfunded loan commitments	$	3,081		$	2,971		$	1,351		$	1,231		$	1,481
	Three Months Ended															Six Months Ended
NET LOAN RECOVERIES (CHARGE OFFS):	6/30/2023			3/31/2023			12/31/2022			9/30/2022			6/30/2022			6/30/2023			6/30/2022
CRE loans	$	(438)		$	109		$	(2,022)		$	(9)		$	508		$	(329)		$	16,926
C&I loans	1,091			(196)			(4,174)			(115)			461			895			1,990
Residential mortgage and other loans	(101)			(21)			(206)			(95)			(39)			(122)			(86)
Net loan recoveries (charge offs)	$	552		$	(108)		$	(6,402)		$	(219)		$	930		$	444		$	18,830

Table Page 7

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

NONPERFORMING ASSETS:			3/31/2023			12/31/2022			9/30/2022			6/30/2022
Loans on nonaccrual status (1)	61,252		$	78,861		$	49,687		$	64,571		$	69,522
Accruing delinquent loans past due 90 days or more			364			401			5,306			12,468
Accruing troubled debt restructured loans (2)			—			16,931			25,631			26,572
Total nonperforming loans			79,225			67,019			95,508			108,562
Other real estate owned (“OREO”)			938			2,418			1,480			2,010
Total nonperforming assets	77,372		$	80,163		$	69,437		$	96,988		$	110,572
Nonperforming assets/total assets		%	0.39		%	0.36		%	0.51		%	0.61		%
Nonperforming assets/loans receivable & OREO		%	0.53		%	0.45		%	0.63		%	0.76		%
Nonperforming assets/total capital		%	3.89		%	3.44		%	4.91		%	5.53		%
Nonperforming loans/loans receivable		%	0.53		%	0.44		%	0.62		%	0.75		%
Nonaccrual loans/loans receivable		%	0.52		%	0.32		%	0.42		%	0.48		%
Allowance for credit losses/loans receivable		%	1.09		%	1.05		%	1.04		%	1.04		%
Allowance for credit losses/nonperforming loans		%	206.43		%	242.26		%	168.11		%	139.63		%
(1) Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling 11.9 million, 7.6 million, 9.8 million, 9.9 million, and 13.2 million, at June 30, 2023, March 31, 2023, December 31, 2022, September 30, 2022, and June 30, 2022, respectively.
(2) The Company adopted ASU 2022-02 in 2023, which eliminated the concept of TDR from GAAP; therefore, accruing TDR loans are no longer included in nonperforming loans.
NONACCRUAL LOANS BY TYPE:			3/31/2023			12/31/2022			9/30/2022			6/30/2022
CRE loans	29,270		$	44,376		$	33,915		$	47,807		$	53,966
C&I loans			26,191			5,620			7,675			8,206
Residential mortgage and other loans			8,294			10,152			9,089			7,350
Total nonaccrual loans	61,252		$	78,861		$	49,687		$	64,571		$	69,522

All values are in US Dollars.

Table Page 8

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE:	6/30/2023		3/31/2023		12/31/2022		9/30/2022		6/30/2022
30 - 59 days past due	$	9,295	$	7,662	$	7,049	$	13,092	$	10,090
60 - 89 days past due	178		249		2,243		4,933		6,354
Total accruing delinquent loans 30-89 days past due	$	9,473	$	7,911	$	9,292	$	18,025	$	16,444
ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE BY TYPE:	6/30/2023		3/31/2023		12/31/2022		9/30/2022		6/30/2022
CRE loans	$	7,339	$	3,652	$	4,115	$	9,694	$	7,919
C&I loans	990		419		3,300		6,165		3,397
Residential mortgage and other loans	1,144		3,840		1,877		2,166		5,128
Total accruing delinquent loans 30-89 days past due	$	9,473	$	7,911	$	9,292	$	18,025	$	16,444
CRITICIZED LOANS:	6/30/2023		3/31/2023		12/31/2022		9/30/2022		6/30/2022
Special mention loans	$	210,806	$	166,472	$	157,263	$	79,399	$	95,797
Substandard loans	134,203		138,224		104,073		204,713		244,748
Total criticized loans	$	345,009	$	304,696	$	261,336	$	284,112	$	340,545

Table Page 9

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands, except share and per share data)

Reconciliation of GAAP financial measures to non-GAAP financial measures
Management reviews select non-GAAP financial measures in evaluating the Company’s and the Bank’s financial performance and in response to market participant interest. Reconciliations of the most directly comparable GAAP to non-GAAP financial measures utilized by management are provided below.
	Three Months Ended									Six Months Ended
RETURN ON AVERAGE TANGIBLE COMMON EQUITY	6/30/2023			3/31/2023			6/30/2022			6/30/2023			6/30/2022
Average stockholders’ equity	$	2,072,859		$	2,046,159		$	2,016,577		$	2,059,583		$	2,053,461
Less: Average goodwill and core deposit intangible assets, net	(469,515)			(469,992)			(471,421)			(469,752)			(471,669)
Average TCE	$	1,603,344		$	1,576,167		$	1,545,156		$	1,589,831		$	1,581,792
Net income	$	38,022		$	39,121		$	52,088		$	77,143		$	112,826
ROTCE (annualized)	9.49		%	9.93		%	13.48		%	9.70		%	14.27		%
TANGIBLE COMMON EQUITY	6/30/2023			3/31/2023			6/30/2022
Total stockholders’ equity	$	2,067,998		$	2,058,580		$	2,000,369
Less: Goodwill and core deposit intangible assets, net	(469,280)			(469,728)			(471,148)
TCE	$	1,598,718		$	1,588,852		$	1,529,221
Total assets	$	20,366,138		$	20,568,884		$	18,089,062
Less: Goodwill and core deposit intangible assets, net	(469,280)			(469,728)			(471,148)
Tangible assets	$	19,896,858		$	20,099,156		$	17,617,914
TCE ratio	8.04		%	7.91		%	8.68		%
Common shares outstanding	120,014,888			119,865,732			119,473,939
TCE per share	$	13.32		$	13.26		$	12.80
	Three Months Ended									Six Months Ended
PRE-PROVISION NET REVENUE	6/30/2023			3/31/2023			6/30/2022			6/30/2023			6/30/2022
Net interest income before provision (credit) for credit losses	$	130,689		$	133,878		$	141,538		$	264,567		$	274,714
Noninterest income	17,014			10,978			12,746			27,992			25,932
Revenue	147,703			144,856			154,284			292,559			300,646
Less noninterest expense	87,333			90,354			80,365			177,687			155,738
PPNR	$	60,370		$	54,502		$	73,919		$	114,872		$	144,908
Average assets	$	20,468,810		$	19,087,170		$	17,876,945		$	19,781,806		$	17,810,045
ROA (PPNR) (annualized)	1.18		%	1.14		%	1.65		%	1.16		%	1.63		%
Average stockholders’ equity	2,072,859			2,046,159			2,016,577			2,059,583			2,053,461
ROE (PPNR) (annualized)	11.65		%	10.65		%	14.66		%	11.15		%	14.11		%

Table Page 10

q223earningsslides

2023 Second Quarter Earnings Conference Call Monday, July 24, 2023

Forward Looking Statements & Additional Disclosures This presentation may contain statements regarding future events or the future financial performance of Hope Bancorp, Inc. (the “Company”) that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things, expectations regarding the business environment in which we operate, projections of future performance, perceived opportunities in the market, and statements regarding our business strategies, objectives and vision. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will,” “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates” or similar expressions. With respect to any such forward-looking statements, the Company claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. The Company’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. The risks and uncertainties include, but are not limited to: 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; the failure of or changes to assumptions and estimates underlying the Company’s allowances for credit losses, regulatory risks associated with current and future regulations; and the COVID-19 pandemic and its impact on our financial position, results of operations, liquidity, and capitalization. For additional information concerning these and other risk factors, see the Company’s most recent Annual Report on Form 10-K. The Company does not undertake, and specifically disclaims any obligation, to update any forward-looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law. 2

Strong Capital & Liquidity • Tangible common equity (“TCE”) ratio1 was 8.04% at 6/30/23, +13 bps Q-o-Q • Company’s total capital ratio was 12.64% at 6/30/23, +39 bps Q-o-Q • Avail. borrowing capacity, cash & equivalents, & unpledged investment securities: $7.7B, or 50% of deposits, at 6/30/23 Loans • New loan production for 2Q23 totaled $491MM • Loans receivable of $14.9B at 6/30/23, -1% Q-o-Q and +2% Y-o-Y Asset Quality • Asset quality continues to be healthy • Net recoveries of $552,000 for 2Q23 • Nonperforming assets (“NPA”) of $77MM, or 0.38% of total assets, at 6/30/23, -3% Q-o-Q and -30% Y-o-Y Deposits • Deposits of $15.6B at 6/30/23, -1% Q-o-Q and +4% Y-o-Y • Granular deposit base with 34% of deposits in consumer accounts. Consumer deposits increased 3% YTD and 13% Y-o-Y • Bank’s uninsured deposits ratio was 36% at 6/30/23, compared with 38% at 3/31/23 Earnings & Profitability • 2Q23 net income: $38MM, or $0.32 per diluted share • 2Q23 Pre-provision net revenue (“PPNR”) 1: $60MM, +11% Q-o-Q Q2 2023 Financial Highlights Total Capital & TCE Ratio at 6/30/23 12.64%/8.04% 2Q23 Net Recovery Ratio (annualized) 0.01% Gross Loans at 6/30/23 $14.9B Total Deposits at 6/30/23 $15.6B 3 2Q23 Net Income & EPS $38.0MM /$0.32 1 TCE ratio and PPNR are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the Appendix on Slide 20.

Strong Capital Ratios Common Equity Tier 1 Capital Ratio • Risk-based Capital ratios increased Q-o-Q. All regulatory capital ratios meaningfully above requirements for “well-capitalized” financial institutions. Holding Company total capital ratio of 12.64% and Bank-level total capital ratio of 12.42% at 6/30/23 • Proforma capital very strong: Adjustments for the allowance for credit losses (“ACL”) and hypothetical adjustments for investment security marks not otherwise already reflected in equity, still results in very strong capital ratios • Dividend: Quarterly common stock dividend of $0.14 per share, equivalent to $0.56 per share annualized. Equivalent to a dividend yield of 6.65% at 6/30/23 • No buybacks during 2Q23 • Equity: Book value per common share of $17.23 & TCE per share1 of $13.32 at 6/30/23 Tangible Common Equity Ratio1 Total Capital Ratio Leverage Ratio 4 Well Capitalized 6.50% Well Capitalized 10.00% Well Capitalized 5.00% 1 TCE ratio and TCE per share are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the Appendix on Slide 20. * Proforma ratios at 6/30/23 are non-GAAP financial measures and reflect (a) inclusion of on- and off-balance sheet allowance for credit losses (“ACL”) not already in capital; (b) treatment of held-to-maturity (“HTM”) securities as if they were available-for-sale (“AFS”), with unrealized losses in accumulated other comprehensive income (“AOCI”); and (c) removal of the AOCI opt-out in calculating regulatory capital.

Strong Balance Sheet & Liquidity Position 5 • Cash and cash equivalents increased to $2.3B at 6/30/23, up from $2.2B at 3/31/23. Reflects continued conservative approach to liquidity risk management, in response to the banking industry disruption earlier in year • Bank Term Funding Program: $1.7B outstanding at 6/30/23, with a weighted average rate of 4.47%. Positive carry and contribution to net interest income • Available borrowing capacity, cash and cash equivalents, and unpledged investment securities of $7.7B at 6/30/23, equivalent to 50% of total deposits • Investment securities of $2.2B on balance sheet at 6/30/23, represented 11% of total assets. Effective duration of 4.8 at 6/30/23. Predominantly debt securities AFS. Primarily fixed- rate portfolio • Company paid off $197MM of Convertible Senior Notes in May 2023 with existing cash At June 30, 2023 ($ in millions) Amortized Cost Fair Value Net Unrealized Loss AFS @ fair value $ 2,234 $ 1,917 $ (317) HTM @ amortized cost $ 270 $ 255 $ (15) Total Investment Securities Portfolio $ 2,504 $ 2,172 $ (332) Unpledged Securities $0.1 Bn FHLB Capacity $4.5 Bn FRB Capacity $0.4 Bn Fed Fund Lines at Other Banks $0.4 Bn Cash and Cash Equivalents $2.3 Bn $7.7B Available Borrowing Capacity, Cash & Cash Equivalents, and Unpledged Investment Securities (at 6/30/23) Investment Securities Portfolio

Diverse & Granular Deposit Base 6 Noninterest Bearing Demand Deposits 27% Money Market and Interest Bearing Demand 27% Savings Deposits 1% Time Deposits 45% $15.6B Total Deposits (at 6/30/23) Consumer 34% Commercial 66% • Average commercial deposit account size: approx. $300,000 • Average consumer deposit account size: approx. $50,000 • Consumer deposits increased 3% YTD and 13% Y-o-Y • Total deposits of $15.6B at 6/30/23, -1% Q-o-Q and +4% Y-o-Y • Bank’s insured or otherwise collateralized deposits totaled $10.0B at 6/30/23. Bank’s uninsured deposit ratio was 36% at 6/30/23, vs. 38% at 3/31/23 Deposit Composition by Product Type Deposit Composition by Segment $15.6B Total Deposits (at 6/30/23)

New Loan Production New Loan Originations Funded ($ Millions) 545 534 324 201 140 557 747 432 350 332 184 68 37 18 19 2Q22 3Q22 4Q22 1Q23 2Q23 Commercial Real Estate ("CRE") Commercial & Industrial ("C&I") Residential Mortgage and Other $569 $491 $1,286 $793 $1,349 • C&I production accounted for 68% of the volume in 2Q23 • Decrease in loan production reflects current market dynamics, declining customer demand in a high interest rate environment, and our disciplined pricing and conservative underwriting 7 4.26% 5.37% 6.71% 7.53% 8.37% 0.94% 2.35% 3.82% 4.69% 5.16% 2Q22 3Q22 4Q22 1Q23 2Q23 Avg Rate of New Loans Avg Fed Funds Rate Average Yield on New Loan Production • Average yield on new loans: 8.37% in 2Q23, +84 bps Q-o-Q and +411 bps Y-o-Y

Well-Balanced Loan Portfolio 8 • Loan portfolio well-diversified across major loan types of nonowner-occupied CRE, C&I, owner- occupied CRE, multifamily residential (“MFR”), and residential mortgage • Total loans receivable of $14.9B at 6/30/23, -1% Q-o-Q and +2% Y-o-Y • Aggregate payoffs and paydowns: $647MM in 2Q23, exceeded new production volume in quarter • C&I portfolio well-diversified by industry – C&I loans outstanding of $4.8B at 6/30/23: flat Q-o-Q and +9% Y-o-Y – Utilization rate of C&I loan commitments: 59% at 6/30/23 vs. 58% at 3/31/23 Nonowner- Occupied CRE 35% Owner-Occupied CRE 19% C&I 32% Residential Mortgage & Other 6% Multifamily Residential 8% $14.9B Loans Receivable (at 6/30/23) $0.9B Avg Size: $0.6MM $5.1B Avg Size: $1.8MM $2.8B Avg Size: $2.0MM $4.8B Avg Size: $1.6MM $1.3B Avg Size: $2.2MM

As a % of Total Loans: Avg Loan Size: Weighted Avg LTV1: 12% Multi-tenant Retail $1,778MM $2.3MM 44.3% 9% Industrial & Warehouse $1,301MM $2.2MM 38.1% 8% Multifamily (“MFR”) $1,258MM $2.2MM 52.2% 7% Gas Station & Car Wash $1,042MM $1.7MM 49.7% 6% Hotel/Motel $868MM $2.0MM 49.0% 6% Mixed Use $835MM $1.8MM 43.1% 5% Single-tenant Retail $691MM $1.3MM 48.0% 3% Office $464MM $2.3MM 48.2% 6% All Other $955MM $1.5MM 39.7% Diversified CRE Portfolio with Low LTVs Total CRE: Distribution by LTV (ex. SBA) < 50%: 59% > 50% - 55%: 13% > 55% - 60%: 12% > 60% - 65%: 8% > 65% - 70%: 5% > 70%: 3%$9.2B CRE Portfolio (at 6/30/23) 45.5% Weighted Avg LTV1 1 Weighted average loan-to-value (“LTV”): current loan balance divided by updated collateral value. Collateral value updates most recent available appraisal by using CoStar market and property-specific data, including submarket appreciation or depreciation, and changes to vacancy, debt service coverage or rent/sq foot. Previously disclosed LTVs were based on starting point values. Calculations exclude Small Business Administration (“SBA”) loans. • Total CRE loans of $9.2B at 6/30/23, -2% Q-o-Q and -2% Y-o-Y. Portfolio comprised $5.1B of nonowner-occupied CRE, $1.3B of MFR, and $2.8B of owner-occupied CRE. • CRE Office: only 3% of total loans at 6/30/23, with no central business district exposure. 99% of CRE Office portfolio was pass-graded at 6/30/23 9 $9.2B CRE Portfolio (at 6/30/23)

LA Fashion District Gateway Cities San Gabriel Valley South Bay LA Koreatown Other LA County (No exposure to downtown commercial business district) Orange County San Bernardino County Riverside County Other SoCal San Francisco, $42 Greater SF Bay Area Other NorCal Manhattan Queens County Kings County Other New York New Jersey Texas Washington Illinois Other States Granular CRE Portfolio, Diversified by Submarket CRE Portfolio by Geographic Submarket ($ Millions) Loan Size (at 6/30/23) Balance ($ Millions) # Loans Average Loan Size ($ Millions) Weighted Average LTV 1 > $30MM $ 324 8 $ 40.5 55.2% $20MM - $30MM $ 636 26 $ 24.5 48.8% $10MM - $20MM $ 1,264 93 $ 13.6 52.4% $5MM - $10MM $ 1,753 258 $ 6.8 47.5% $2MM - $5MM $ 2,654 857 $ 3.1 44.8% < $2MM $ 2,561 3,575 $ 0.7 39.1% Total CRE Portfolio $ 9,192 4,817 $ 1.9 45.5% • LTV ratios are consistently low across segments by size and by property type • Vast majority of CRE loans have full recourse and personal guarantees • 98% of total CRE portfolio was pass-graded at 6/30/23 CRE Portfolio by Size Segment 1 Weighted average LTV: current loan balance divided by updated collateral value. Collateral value updates most recent available appraisal by using CoStar market and property-specific data, including submarket appreciation or depreciation, and changes to vacancy, debt service coverage or rent/sq foot. Previously disclosed LTVs were based on starting point values. Calculations exclude SBA. $9.2B CRE Portfolio (at 6/30/23) SoCal NorCal NY/NJ Texas Washington Illinois Other States $340 10

Net Interest Income & Margin 11 • 2Q23 net interest income (“NII”) of $131MM, -2% Q-o-Q • 2Q23 average earning assets of $19.4B, +8% Q-o-Q, primarily driven by increase in interest earning cash & equivalents • 2Q23 average borrowings of $2.4B, up from $1.0B in 1Q23. Primarily consisting of the Bank Term Funding Program. Borrowings enhanced on-balance sheet liquidity and were a positive contributor to NII Net Interest Income & Net Interest Margin (“NIM”) ($ Millions) $142 $153 $151 $134 $131 3.36% 3.49% 3.36% 3.02% 2.70% 2Q22 3Q22 4Q22 1Q23 2Q23 2.70% 3.02% Loan yield expansion +20bps 2Q23 NIM change: -32bps Q-o-Q Net Interest Income NIM (annualized) Increase Decrease Total Q-o-Q change +8% -2% -11% -2% Q-o-Q Change in Net Interest Margin 1Q23 2Q23 -33bps • 2Q23 NIM of 2.70%, -32 bps Q-o-Q • Positive impact from expanding earning asset yields (+26 bps) and growth in average interest earning cash & equivalents (+15 bps), more than offset by -33 bps from a higher cost of funds, -33 bps from increase in average borrowings, and -7 bps from other balance sheet mix changes Growth in avg int-earn cash & equivalents +15bps Higher cost of funds -7bps Other earning assets yield expansion -33bps Increase in avg borrowings +6bps Other balance sheet mix changes

Average Loan Growth Trends & Yields 12 • 2Q23 average loans receivable of $15.1B, -1% Q-o-Q $14.3 $14.9 $15.4 $15.2 $15.1 12.25 12.75 13.25 13.75 14.25 14.75 15.25 15.75 2Q22 3Q22 4Q22 1Q23 2Q23 Average Loans Receivable ($ Billions) Q-o-Q change +3% -1% +4% -1% 4.06% 4.65% 5.36% 5.75% 5.99% 0.94% 2.35% 3.82% 4.69% 5.16% 2Q22 3Q22 4Q22 1Q23 2Q23 Avg Loan Yield (annualized) Avg Fed Funds Rate Average Loan Yield Relative to Fed Funds • 2Q23 average loan yield of 5.99%, +24 bps Q-o-Q

Average Deposit Growth Trends & Costs 13 Average Cost of Deposits (“COD”) Relative to Fed FundsAverage Deposits ($ Billions) 9.1 9.7 10.3 11.1 11.4 5.7 5.7 5.2 4.7 4.4 2Q22 3Q22 4Q22 1Q23 2Q23 Avg Interest Bearing (“IB”) Deposits Avg Non IB Deposits $15.5$15.4$14.8 $15.8$15.8 • 2Q23 total cost of deposits of 2.79%, +42 bps Q-o-Q, reflecting the accumulated impact of the Fed Funds rate hikes • 2Q23 average deposits of $15.8B, essentially flat Q-o-Q • Growth in IB deposits and decrease in noninterest bearing balances reflects industry-wide migration and customer preferences for higher yields in a high interest rate environment 0.33% 0.79% 1.62% 2.37% 2.79% 0.54% 1.25% 2.41% 3.36% 3.87% 0.94% 2.35% 3.82% 4.69% 5.16% 2Q22 3Q22 4Q22 1Q23 2Q23 Total COD (annualized) Cost of IB Deposits (annualized) Avg Fed Funds Rate Q-o-Q change +0% -0% +4% +2%

Noninterest Income 14 • 2Q23 noninterest income of $17MM, vs. $11MM in 1Q23 – Other income and fees included a $6MM cash distribution from an investment in an affordable housing partnership, which sold some of its properties – Other income includes customer swap fee income, which increased Q-o-Q due to higher volume of customer swap transactions – Q-o-Q growth in service fees on deposit accounts • Sold $38MM of the guaranteed portion of SBA 7(a) loans to the secondary market in 2Q23 for a gain of $2MM. In 1Q23, sold $41MM for a gain of $2MM 2.3 2.6 2.1 2.2 2.3 5.9 2.8 2.2 2.3 2.0 4.5 8.0 7.8 6.5 12.7 2Q22 3Q22 4Q22 1Q23 2Q23 Service Fees on Deposit Accounts Net Gains on Loan Sales Other Income and Fees $11.0 $17.0 $12.7 $13.4 $12.1 Noninterest Income ($ Millions) 1 Net gains on loan sales comprise net gains on sales of SBA and residential mortgage loans. 1

51.1 53.2 52.7 57.2 52.3 12.0 11.6 12.1 12.6 12.4 1.5 1.6 1.6 1.8 4.7 15.8 17.5 18.1 18.8 17.9 2Q22 3Q22 4Q22 1Q23 2Q23 Salary and employee benefits Occupancy and furniture FDIC Assessment All Other Expenses Efficiency Ratio & Noninterest Expense to Average Assets 52.1% 50.4% 52.0% 62.4% 59.1% 1.80% 1.82% 1.79% 1.89% 1.71% 2Q22 3Q22 4Q22 1Q23 2Q23 Efficiency Ratio Noninterest Expense/Avg Assets (annualized) Noninterest Expense & Efficiency 15 $87.3 $80.4 $83.9 $84.5 $90.4 Noninterest Expense ($ Millions) • 2Q23 noninterest expense of $87MM, -3% from $90MM in 1Q23 – Q-o-Q decrease largely driven by lower salary and employee benefits expense, partially offset by an industry-wide increase in the FDIC annual base assessment rate of two basis points • 2Q23 efficiency ratio improved to 59.1%, -325bps Q-o-Q from 62.4% for 1Q23

$152 $161 $162 $164 $173 1.04% 1.04% 1.05% 1.09% 1.16% 2Q22 3Q22 4Q22 1Q23 2Q23 ACL ACL Coverage Ratio • ACL built to $173MM at 6/30/23, up from $164MM. Coverage ratio increased to 1.16% at 6/30/23, up from 1.09% at 3/31/23 • Net recoveries of $552,000 in 2Q23, equivalent to 0.01% of average loans receivable, annualized • NPAs of $77MM at 6/30/23, -3% Q-o-Q and -30% Y-o-Y. NPA ratio improved both Q-o-Q and Y-o-Y. • Total criticized loans were $345MM at 6/30/23, vs. $305MM at 3/31/23. Decrease in substandard and increase in special mention loans. Criticized loans ratio of 2.32% at 6/30/23, up Q-o-Q and down Y-o-Y. Healthy Asset Quality 16 Provision for Credit Losses & Net Charge Offs (Recoveries) Nonperforming Assets RatioAllowance for Credit Losses & Coverage Ratio Criticized Loans Ratio $3.2 $9.2 $8.2 $1.7 $8.9 -$0.9 $0.2 $6.4 $0.1 -$0.6 (0.03)% 0.01% 0.17% 0.00% (0.01)% 2Q22 3Q22 4Q22 1Q23 2Q23 Provision for Credit Losses NCO (Recoveries) NCO (Recovery) Ratio (annualized) 2.34% 1.83% 1.70% 2.02% 2.32% 2Q22 3Q22 4Q22 1Q23 2Q23 Total Criticized Loans as a % of Total Loans ($ Millions) ($ Millions, except ratios) 0.61% 0.51% 0.36% 0.39% 0.38% 2Q22 3Q22 4Q22 1Q23 2Q23 NPAs/Total Assets

Management Outlook for 2H 2023  Loan Growth: expecting generally stable loan balances in second half of 2023, relative to 6/30/23  Net Interest Income: expecting continued moderate NII pressure in 2H 2023 in a higher-for-longer interest rate environment  Noninterest Income: expecting essentially stable noninterest income on a quarterly basis in 2H 2023, relative to 2Q23, excluding the affordable housing partnership gain in 2Q23  Noninterest Expenses: expecting essentially stable noninterest expenses on a quarterly basis in 2H 2023, relative to 2Q23, excluding earned interest credit expense, which is driven by interest rate changes  Asset Quality: expecting healthy asset quality, generally consistent with year-to- date experience 17

Q&A 2023 Second Quarter Earnings Conference Call 18

Appendix 19

($ in thousands, except per share info) 2Q22 1Q23 2Q23 Total stockholders’ equity $ 2,000,369 $ 2,058,580 $ 2,067,998 Less: Goodwill and core deposit intangible assets, net (471,148) (469,728) (469,280) TCE $ 1,529,221 $ 1,588,852 $ 1,598,718 Total assets $ 18,089,062 $ 20,568,884 $ 20,366,138 Less: Goodwill and core deposit intangible assets, net (471,148) (469,728) (469,280) Tangible assets $ 17,617,914 $ 20,099,156 $ 19,896,858 TCE Ratio 8.68% 7.91% 8.04% Common shares outstanding 119,473,939 119,865,732 120,014,888 TCE per share $ 12.80 $ 13.26 $ 13.32 Appendix: Non-GAAP Financials Management reviews select non-GAAP financial measures in evaluating the Company’s and the Bank’s financial performance and in response to market participant interest. Reconciliations of the most directly comparable GAAP to non-GAAP financial measures utilized by management are provided below. Pre-provision Net Revenue (PPNR) ($ in thousands) 2Q22 1Q23 2Q23 Net interest income before provision for credit losses $ 141,538 $ 133,878 $ 130,689 Noninterest income 12,746 10,978 17,014 Revenue 154,284 144,856 147,703 Less: Noninterest expense 80,365 90,354 87,333 PPNR $ 73,919 $ 54,502 $ 60,370 Average assets $ 17,876,945 $ 19,087,170 $ 20,468,810 ROA (PPNR) (annualized) 1.65% 1.14% 1.18% Average stockholders’ equity $ 2,016,577 2,046,159 $ 2,072,859 ROE (PPNR) (annualized) 14.66% 10.65% 11.65% Tangible Common Equity (TCE) 20 ($ in thousands) 2Q22 1Q23 2Q23 Average stockholders’ equity $ 2,016,577 $ 2,046,159 $ 2,072,859 Less: Average goodwill and core deposit intangible assets, net (471,421) (469,515) (469,515) Average TCE $ 1,545,156 $ 1,576,167 $ 1,603,344 Net income $ 52,088 $ 39,121 $ 38,022 ROTCE (annualized) 13.48% 9.93% 9.49% Return on Average Tangible Common Equity (ROTCE)

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News Release

HOPE BANCORP DECLARES QUARTERLY CASH DIVIDEND OF $0.14 PER SHARE

LOS ANGELES - July 24, 2023 - Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per common share. The dividend is payable on or about August 17, 2023 to all stockholders of record as of the close of business on August 3, 2023.

Investor Conference Call

About Hope Bancorp, Inc.

Contacts:

Julianna Balicka Angie Yang

EVP & Chief Financial Officer SVP, Director of Investor Relations & Corporate Communications

213-235-3235 213-251-2219

julianna.balicka@bankofhope.com angie.yang@bankofhope.com