Hope Bancorp Inc 8-K, filed Oct 28, 2026

Hope Bancorp Inc (HOPE)

8-K 2026-10-28 For: 2026-10-28

Added on October 28, 2026

About this 8-K

Hope Bancorp Inc filed this 8-K on October 28, 2026.

Hope Bancorp reported third-quarter 2026 net income of $35.6 million, up 16% year-over-year, and declared a $0.14 per common share dividend payable on or about November 20, 2026 to stockholders of record November 7, 2026. AI summary

Items reported

Item 2.02: Financial results
Item 7.01: Regulation FD disclosure
Item 8.01: Other events
Item 9.01: Financial statements and exhibits

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Exhibit No.						Description of Exhibit

99.1						News release, dated October 28, 2026, concerning the results of operations and financial condition for the third quarter and nine months ended and as of September30, 2026.
99.2						2026 Third Quarter Earnings Presentation, dated October 28, 2026.
99.3						News release, dated October 28, 2026, announcing the declaration of a quarterly cash dividend.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)


		HOPE BANCORP, INC.

Date: October 28, 2026	By:	/s/ Kevin S. Kim
		Kevin S. Kim
		Chairman, President and Chief Executive Officer


(dollars in thousands) (unaudited)	9/30/2026				6/30/2026				9/30/2025
	Balance		Percentage		Balance		Percentage		Balance		Percentage







Commercial real estate (“CRE”) loans	$	8,501,707	56.3	%	$	8,583,967	57.1	%	$	8,434,919	57.7	%
Commercial and industrial (“C&I”) loans	4,009,821		26.5	%	3,896,116		25.9	%	3,752,111		25.6	%
Residential mortgage and other loans	2,606,317		17.2	%	2,554,104		17.0	%	2,436,607		16.7	%
Gross loans (including held for sale)	$	15,117,845	100.0	%	$	15,034,187	100.0	%	$	14,623,637	100.0	%


(dollars in thousands) (unaudited)	9/30/2026				6/30/2026				9/30/2025
	Balance		Percentage		Balance		Percentage		Balance		Percentage
Noninterest bearing demand deposits	$	3,501,963	21.7	%	$	3,548,452	22.4	%	$	3,507,659	22.2	%
Money market, interest bearing demand, and savings deposits	6,708,100		41.6	%	6,079,728		38.3	%	5,995,488		37.9	%
Time deposits	5,906,106		36.7	%	6,248,363		39.3	%	6,328,115		39.9	%
Total deposits	$	16,116,169	100.0	%	$	15,876,543	100.0	%	$	15,831,262	100.0	%

Gross loan-to-deposit ratio			93.8	%			94.7	%			92.4	%


(dollars in thousands) (unaudited)	9/30/2026			6/30/2026			9/30/2025
Loans on nonaccrual status (1)	$	107,797		$	111,973		$	110,010
Accruing delinquent loans past due 90 days or more		—			515			2,149
Total nonperforming loans		107,797			112,488			112,159
Other real estate owned		661			365			—
Total nonperforming assets	$	108,458		$	112,853		$	112,159

Nonperforming assets/total assets		0.57	%		0.59	%		0.61	%


HOPE BANCORP INC
(Exact name of registrant as specified in its charter)


(unaudited)	9/30/2026	6/30/2026	9/30/2025	Minimum Guideline for “Well-Capitalized”
Common Equity Tier 1 Capital Ratio	12.25%	12.27%	12.14%	6.50%
Tier 1 Capital Ratio	12.93%	12.95%	12.83%	8.00%
Total Capital Ratio	13.92%	13.95%	13.85%	10.00%
Leverage Ratio	11.01%	11.07%	10.86%	5.00%
Tangible Common Equity (“TCE”) Ratio(3)	9.28%	9.58%	9.64%	N/A


Julianna Balicka
Executive Vice President & Chief Financial Officer
InvestorRelations@bankofhope.com


Maxime Olivan
Senior Vice President & Investor Relations Manager
InvestorRelations@bankofhope.com



Assets:	9/30/2026		6/30/2026		% change		9/30/2025		% change
Cash and due from banks	$	491,894	$	640,443	(23)	%	$	454,909	8	%
Investment securities	2,395,438		2,179,253		10	%	2,266,034		6	%
Federal Home Loan Bank (“FHLB”) stock and other investments	66,115		70,436		(6)	%	106,411		(38)	%
Gross loans, including loans held for sale	15,117,845		15,034,187		1	%	14,623,637		3	%
Allowance for credit losses	(154,325)		(153,218)		1	%	(152,509)		1	%
Accrued interest receivable	55,392		53,592		3	%	53,159		4	%
Premises and equipment, net	74,115		69,968		6	%	69,152		7	%
Goodwill and intangible assets	525,997		526,890		0	%	524,503		0	%
Other assets	617,017		570,365		8	%	565,503		9	%
Total assets	$	19,189,488	$	18,991,916	1	%	$	18,510,799	4	%

Liabilities:
Deposits	$	16,116,169	$	15,876,543	2	%	$	15,831,262	2	%
FHLB and Federal Reserve Bank (“FRB”) borrowings	374,000		472,000		(21)	%	24,878		1,403	%
Subordinated debentures and convertible notes, net	112,040		111,675		0	%	110,610		1	%
Accrued interest payable	62,823		63,865		(2)	%	74,376		(16)	%
Other liabilities	266,998		171,981		55	%	210,713		27	%
Total liabilities	$	16,932,030	$	16,696,064	1	%	$	16,251,839	4	%

Stockholders’ Equity:
Common stock, $0.001 par value	$	146	$	146	0	%	$	146	0	%
Additional paid-in capital	1,528,289		1,525,555		0	%	1,521,669		0	%
Retained earnings	1,216,813		1,199,120		1	%	1,155,874		5	%
Treasury stock, at cost	(273,384)		(273,384)		0	%	(264,667)		(3)	%
Accumulated other comprehensive loss, net	(214,406)		(155,585)		(38)	%	(154,062)		(39)	%
Total stockholders’ equity	2,257,458		2,295,852		(2)	%	2,258,960		0	%
Total liabilities and stockholders’ equity	$	19,189,488	$	18,991,916	1	%	$	18,510,799	4	%

Common stock shares – authorized	300,000,000		300,000,000				300,000,000
Common stock shares – outstanding	127,758,427		127,741,836				128,185,271
Treasury stock shares	18,155,561		18,155,561				17,382,835


	Three Months Ended										Nine Months Ended
	9/30/2026		6/30/2026		% change		9/30/2025		% change		9/30/2026		9/30/2025		% change

Interest and fees on loans	$	218,216	$	211,378	3	%	$	216,774	1	%	$	635,513	$	623,098	2	%
Interest on investment securities	21,631		20,359		6	%	21,467		1	%	61,208		55,128		11	%
Interest on cash and deposits at other banks	4,051		3,808		6	%	5,273		(23)	%	11,637		19,261		(40)	%
Interest on other investments and FHLB dividends	1,260		632		99	%	1,186		6	%	3,121		3,471		(10)	%
Total interest income	245,158		236,177		4	%	244,700		0	%	711,479		700,958		2	%

Interest on deposits	103,493		101,785		2	%	115,425		(10)	%	306,733		347,862		(12)	%
Interest on borrowings	6,300		5,423		16	%	2,718		132	%	16,355		8,267		98	%
Total interest expense	109,793		107,208		2	%	118,143		(7)	%	323,088		356,129		(9)	%

Net interest income	135,365		128,969		5	%	126,557		7	%	388,391		344,829		13	%
Provision for credit losses	8,560		6,770		26	%	8,710		(2)	%	23,980		24,602		(3)	%
Net interest income after provision	126,805		122,199		4	%	117,847		8	%	364,411		320,227		14	%

Service fees on deposit accounts	3,439		3,395		1	%	3,235		6	%	10,169		9,262		10	%
Net gains on sales of SBA loans	4,674		4,447		5	%	2,774		68	%	12,387		9,903		25	%
Other customer driven income and fees	8,332		7,721		8	%	5,936		40	%	23,185		17,958		29	%
Net gains (losses) on sales of securities available for sale	—		1,172		(100)	%	—		0	%	1,776		(38,856)		NM
Other noninterest income	5,667		2,115		168	%	3,440		65	%	10,412		9,850		6	%
Total noninterest income	22,112		18,850		17	%	15,385		44	%	57,929		8,117		614	%

Salaries and employee benefits	58,697		56,901		3	%	54,910		7	%	171,821		156,204		10	%
Occupancy, furniture and equipment	11,737		11,353		3	%	11,596		1	%	33,656		31,525		7	%
Software-related, data and item processing	10,773		10,350		4	%	9,683		11	%	30,976		25,843		20	%
Amortization of investments in affordable housing partnerships	2,740		2,554		7	%	3,216		(15)	%	7,768		7,607		2	%
FDIC assessment	2,622		2,783		(6)	%	2,942		(11)	%	8,219		7,932		4	%
FDIC special assessment expense (reversal)	—		—		0	%	—		0	%	(58)		—		NM
Earned interest credit	3,109		2,501		24	%	3,529		(12)	%	7,993		9,926		(19)	%
Merger related costs	2,650		2,058		29	%	958		177	%	4,942		20,758		(76)	%
Other noninterest expense	10,466		9,964		5	%	10,027		4	%	30,396		30,400		0	%
Total noninterest expense	102,794		98,464		4	%	96,861		6	%	295,713		290,195		2	%
Income before income taxes	46,123		42,585		8	%	36,371		27	%	126,627		38,149		232	%
Income tax provision	10,546		9,554		10	%	5,595		88	%	28,479		11,027		158	%
Net income	$	35,577	$	33,031	8	%	$	30,776	16	%	$	98,148	$	27,122	262	%


Earnings per common share (“EPS”) – diluted	$	0.28	$	0.26	8	%	$	0.24	17	%	$	0.76	$	0.22	245	%


Weighted average shares outstanding – diluted	128,624,630		128,308,861				128,593,874				128,509,496		126,110,136


	Three Months Ended									Nine Months Ended
Profitability measures (annualized, except as noted):	9/30/2026			6/30/2026			9/30/2025			9/30/2026			9/30/2025
Earnings per common share - diluted (not annualized)	$	0.28		$	0.26		$	0.24		$	0.76		$	0.22
Earnings per common share - diluted excluding notable items (not annualized) (1)	$	0.29		$	0.27		$	0.25		$	0.79		$	0.63
Return on average assets (“ROA”)	0.75		%	0.71		%	0.66		%	0.70		%	0.20		%
ROA excluding notable items (1)	0.79		%	0.74		%	0.68		%	0.72		%	0.58		%
Return on average equity (“ROE”)	6.19		%	5.76		%	5.50		%	5.70		%	1.64		%
ROE excluding notable items (1)	6.52		%	6.02		%	5.64		%	5.90		%	4.78		%
Return on average tangible common equity (“ROTCE”) (1)	8.03		%	7.48		%	7.19		%	7.39		%	2.13		%
ROTCE excluding notable items (1)	8.45		%	7.81		%	7.36		%	7.65		%	6.20		%
Net interest margin	3.02		%	2.96		%	2.89		%	2.96		%	2.71		%
Efficiency ratio (not annualized)	65.28		%	66.61		%	68.24		%	66.26		%	82.22		%
Efficiency ratio excluding notable items (not annualized) (1)	63.59		%	65.22		%	67.56		%	65.16		%	68.77		%

(1) Earnings per common share - diluted excluding notable items, ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, and efficiency ratio excluding notable items 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 Pages 10 through 12.


	Three Months Ended										Nine Months Ended
AVERAGE BALANCES:	9/30/2026		6/30/2026		% change		9/30/2025		% change		9/30/2026		9/30/2025		% change
Gross loans, including loans held for sale	$	14,967,728	$	14,790,642	1	%	$	14,522,425	3	%	$	14,816,982	$	14,139,046	5	%


Interest earning assets	17,762,554		17,484,786		2	%	17,365,229		2	%	17,526,964		17,019,022		3	%
Goodwill and intangible assets	526,532		527,594		0	%	525,022		0	%	526,556		505,782		4	%
Total assets	18,991,587		18,707,236		2	%	18,548,982		2	%	18,741,699		18,126,058		3	%

Noninterest bearing demand deposits	3,501,796		3,362,934		4	%	3,506,559		0	%	3,404,500		3,439,051		(1)	%
Interest bearing deposits	12,396,243		12,330,071		1	%	12,405,042		0	%	12,316,283		12,059,306		2	%
Total deposits	15,898,039		15,693,005		1	%	15,911,601		0	%	15,720,783		15,498,357		1	%

Stockholders’ equity	2,299,264		2,293,446		0	%	2,237,375		3	%	2,297,305		2,203,641		4	%










	End of Period
LOAN PORTFOLIO:	9/30/2026		6/30/2026		% change		9/30/2025		% change
Loans receivable (held for investment)	$	15,050,474	$	14,941,520	1	%	$	14,590,519	3	%
Loans held for sale	67,371		92,667		(27)	%	33,118		103%
Gross loans	$	15,117,845	$	15,034,187	1	%	$	14,623,637	3	%


	End of Period
CRE LOANS HELD FOR INVESTMENT BY PROPERTY TYPE:	9/30/2026		6/30/2026		% change		9/30/2025		% change
Multi-tenant retail	$	1,541,629	$	1,585,528	(3)	%	$	1,612,673	(4)	%
Industrial warehouses	1,289,124		1,303,250		(1)	%	1,285,752		0	%
Multifamily	1,158,229		1,171,422		(1)	%	1,219,701		(5)	%
Gas stations and car washes	1,158,067		1,177,756		(2)	%	1,116,447		4	%
Hotels/motels	831,473		820,725		1	%	771,089		8	%
Mixed-use facilities	721,321		728,108		(1)	%	665,239		8	%
Single-tenant retail	638,472		631,319		1	%	629,269		1	%
Office	320,194		348,708		(8)	%	330,736		(3)	%
All other	804,087		749,908		7	%	787,888		2	%
Total CRE loans	$	8,462,596	$	8,516,724	(1)	%	$	8,418,794	1	%


	End of Period
DEPOSIT COMPOSITION:	9/30/2026		6/30/2026		% change		9/30/2025		% change
Noninterest bearing demand deposits	$	3,501,963	$	3,548,452	(1)	%	$	3,507,659	0	%
Money market, interest bearing demand, and savings	6,708,100		6,079,728		10	%	5,995,488		12	%
Time deposits	5,906,106		6,248,363		(5)	%	6,328,115		(7)	%
Total deposits	$	16,116,169	$	15,876,543	2	%	$	15,831,262	2	%


CAPITAL & CAPITAL RATIOS:	9/30/2026			6/30/2026			9/30/2025
Total stockholders’ equity	$	2,257,458		$	2,295,852		$	2,258,960
Total capital	$	2,206,215		$	2,183,720		$	2,128,319
Common equity tier 1 ratio	12.25		%	12.27		%	12.14		%
Tier 1 capital ratio	12.93		%	12.95		%	12.83		%
Total capital ratio	13.92		%	13.95		%	13.85		%
Leverage ratio	11.01		%	11.07		%	10.86		%
Total risk weighted assets	$	15,851,445		$	15,658,083		$	15,371,526
Book value per common share	$	17.67		$	17.97		$	17.62
Tangible common equity (“TCE”) per share (1)	$	13.55		$	13.85		$	13.53
TCE ratio (1)	9.28		%	9.58		%	9.64		%

(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.

ALLOWANCE FOR CREDIT LOSSES CHANGES:	Three Months Ended													Nine Months Ended
	9/30/2026			6/30/2026			3/31/2026			12/31/2025		9/30/2025		9/30/2026		9/30/2025
Balance at beginning of period	$	153,218		$	155,114		$	156,661		$	152,509	$	149,505	$	156,661	$	150,527
Initial allowance for purchased credit deteriorated (“PCD”) loans and purchased seasoned loans (“PSL”) acquired (2)	—			—			—			—		—		—		3,971
Provision for losses on loans	8,100			7,100			9,200			7,800		8,100		24,400		23,392
Recoveries	910			203			322			1,694		1,517		1,435		4,594
Charge offs	(7,903)			(9,199)			(11,069)			(5,342)		(6,613)		(28,171)		(29,975)
Balance at end of period	$	154,325		$	153,218		$	155,114		$	156,661	$	152,509	$	154,325	$	152,509
(2) During the fourth quarter of 2025, the Company adopted ASU 2025-08 effective January 1, 2025, and applied the guidance to the acquisition of Territorial Bancorp, which was completed on April 2, 2025. The presentation of prior periods has been adjusted accordingly.

	9/30/2026			6/30/2026			3/31/2026			12/31/2025		9/30/2025
Allowance for unfunded loan commitments	$	2,913		$	2,453		$	2,783		$	3,333	$	3,933

	Three Months Ended													Nine Months Ended
	9/30/2026			6/30/2026			3/31/2026			12/31/2025		9/30/2025		9/30/2026		9/30/2025
Provision for losses on loans	$	8,100		$	7,100		$	9,200		$	7,800	$	8,100	$	24,400	$	23,392
(Credit) provision for unfunded loan commitments	460			(330)			(550)			(600)		610		(420)		1,210
Provision for credit losses	$	8,560		$	6,770		$	8,650		$	7,200	$	8,710	$	23,980	$	24,602


	Three Months Ended															Nine Months Ended
NET CHARGE OFFS (RECOVERIES):	9/30/2026			6/30/2026			3/31/2026			12/31/2025			9/30/2025			9/30/2026			9/30/2025
CRE loans	$	3,340		$	389		$	817		$	(1,467)		$	(933)		$	4,546		$	(877)
C&I loans	3,656			8,656			9,931			5,169			5,978			22,243			25,191
Residential mortgage and other loans	(3)			(49)			(1)			(54)			51			(53)			1,067
Net charge offs	$	6,993		$	8,996		$	10,747		$	3,648		$	5,096		$	26,736		$	25,381
Net charge offs/average loans (annualized)	0.19		%	0.24		%	0.29		%	0.10		%	0.14		%	0.24		%	0.24		%


ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE:	9/30/2026		6/30/2026		3/31/2026		12/31/2025		9/30/2025
30 - 59 days past due	$	43,098	$	11,700	$	29,621	$	19,056	$	15,788
60 - 89 days past due	22,177		7,306		59		4,244		5,117
Total accruing delinquent loans 30-89 days past due	$	65,275	$	19,006	$	29,680	$	23,300	$	20,905


ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE BY TYPE:	9/30/2026		6/30/2026		3/31/2026		12/31/2025		9/30/2025
CRE loans	$	54,523	$	15,917	$	11,819	$	12,064	$	14,872
C&I loans	8,471		810		604		2,209		3,356
Residential mortgage and other loans	2,281		2,279		17,257		9,027		2,677
Total accruing delinquent loans 30-89 days past due	$	65,275	$	19,006	$	29,680	$	23,300	$	20,905


CRITICIZED LOANS:	9/30/2026		6/30/2026		3/31/2026		12/31/2025		9/30/2025
Special mention loans	$	124,399	$	128,994	$	72,668	$	94,003	$	131,384
Classified loans	210,356		205,283		252,410		257,113		241,483
Total criticized loans	$	334,755	$	334,277	$	325,078	$	351,116	$	372,867


NONPERFORMING ASSETS:	9/30/2026			6/30/2026			3/31/2026			12/31/2025			9/30/2025
Loans on nonaccrual status (1)	$	107,797		$	111,973		$	109,512		$	131,747		$	110,010
Accruing delinquent loans past due 90 days or more	—			515			10,642			3,943			2,149
Total nonperforming loans	107,797			112,488			120,154			135,690			112,159
Other real estate owned (“OREO”)	661			365			365			365			—
Total nonperforming assets	$	108,458		$	112,853		$	120,519		$	136,055		$	112,159

Nonperforming assets/total assets	0.57		%	0.59		%	0.65		%	0.73		%	0.61		%


Nonperforming loans/loans receivable	0.72		%	0.75		%	0.82		%	0.92		%	0.77		%
Nonaccrual loans/loans receivable	0.72		%	0.75		%	0.75		%	0.90		%	0.75		%
Allowance for credit losses/loans receivable	1.03		%	1.03		%	1.06		%	1.07		%	1.05		%
Allowance for credit losses/nonperforming loans	143.16		%	136.21		%	129.10		%	115.46		%	135.98		%

(1) Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $17.3 million, $17.1 million, $19.4 million, $15.6 million, and $15.3 million, at September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025, and September 30, 2025, respectively.

NONACCRUAL LOANS BY TYPE:	9/30/2026			6/30/2026			3/31/2026			12/31/2025			9/30/2025
CRE loans	$	44,818		$	63,647		$	52,920		$	65,106		$	54,016
C&I loans	44,497			31,724			42,538			53,136			45,494
Residential mortgage and other loans	18,482			16,602			14,054			13,505			10,500
Total nonaccrual loans	$	107,797		$	111,973		$	109,512		$	131,747		$	110,010



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.



TANGIBLE COMMON EQUITY (“TCE”)	9/30/2026			6/30/2026			9/30/2025
Total stockholders’ equity	$	2,257,458		$	2,295,852		$	2,258,960
Goodwill and core deposit intangible assets, net	(525,997)			(526,890)			(524,503)
TCE	$	1,731,461		$	1,768,962		$	1,734,457

Total assets	$	19,189,488		$	18,991,916		$	18,510,799
Goodwill and core deposit intangible assets, net	(525,997)			(526,890)			(524,503)
Tangible assets	$	18,663,491		$	18,465,026		$	17,986,296


TCE ratio (TCE / tangible assets)	9.28		%	9.58		%	9.64		%
Common shares outstanding	127,758,427			127,741,836			128,185,271
Book value per share (GAAP)	$	17.67		$	17.97		$	17.62
TCE per share	$	13.55		$	13.85		$	13.53


	Three Months Ended									Nine Months Ended
RETURN ON AVERAGE TANGIBLE COMMON EQUITY (“ROTCE”)	9/30/2026			6/30/2026			9/30/2025			9/30/2026			9/30/2025
Average stockholders’ equity	$	2,299,264		$	2,293,446		$	2,237,375		$	2,297,305		$	2,203,641
Average goodwill and core deposit intangible assets, net	(526,532)			(527,594)			(525,022)			(526,556)			(505,782)
Average TCE	$	1,772,732		$	1,765,852		$	1,712,353		$	1,770,749		$	1,697,859

Net income (GAAP)	$	35,577		$	33,031		$	30,776		$	98,148		$	27,122
ROTCE (annualized)	8.03		%	7.48		%	7.19		%	7.39		%	2.13		%











































	Three Months Ended													Nine Months Ended
PRE-PROVISION NET REVENUE (“PPNR”)	9/30/2026			6/30/2026			% change		9/30/2025			% change		9/30/2026			9/30/2025			% change
Net interest income	$	135,365		$	128,969		5	%	$	126,557		7	%	$	388,391		$	344,829		13	%
Noninterest income	22,112			18,850			17	%	15,385			44	%	57,929			8,117			614	%
Revenue	157,477			147,819			7	%	141,942			11	%	446,320			352,946			26	%
Less: Noninterest expense	102,794			98,464			4	%	96,861			6	%	295,713			290,195			2	%
PPNR	$	54,683		$	49,355		11	%	$	45,081		21	%	$	150,607		$	62,751		140	%

Notable items:
Loss on investment portfolio repositioning	$	—		$	—				$	—				$	—		$	38,856
FDIC special assessment expense (reversal)	—			—					—					(58)			—
Merger related costs	2,650			2,058					958					4,942			20,758
Total notable items included in PPNR	2,650			2,058					958					4,884			59,614
PPNR, excluding notable items	$	57,333		$	51,413		12	%	$	46,039		25	%	$	155,491		$	122,365		27	%

	Three Months Ended													Nine Months Ended
PROFITABILITY EXCLUDING NOTABLE ITEMS	9/30/2026			6/30/2026			% change		9/30/2025			% change		9/30/2026			9/30/2025			% change
Net income (GAAP)	$	35,577		$	33,031		8	%	$	30,776		16	%	$	98,148		$	27,122		262	%
Notable items:
Merger-related provision for credit losses	—			—					—					—			553
Loss on investment portfolio repositioning	—			—					—					—			38,856
FDIC special assessment expense (reversal)	—			—					—					(58)			—
Merger related costs	2,650			2,058					958					4,942			20,758
Total notable items included in pre-tax income	2,650			2,058					958					4,884			60,167
Tax effect on notable items in pre-tax income	(759)			(590)					(208)					(1,399)			(13,170)
Notable impact from California state tax apportionment law change	—			—					—					—			4,878
Total notable items, net of tax	1,891			1,468					750					3,485			51,875
Net income excluding notable items	$	37,468		$	34,499		9	%	$	31,526		19	%	$	101,633		$	78,997		29	%

Diluted common shares	128,624,630			128,308,861					128,593,874					128,509,496			126,110,136
EPS excluding notable items	$	0.29		$	0.27		7	%	$	0.25		16	%	$	0.79		$	0.63		25	%
Average assets	$	18,991,587		$	18,707,236				$	18,548,982				$	18,741,699		$	18,126,058
ROA excluding notable items (annualized)	0.79		%	0.74		%			0.68		%			0.72		%	0.58		%
Average equity	$	2,299,264		$	2,293,446				$	2,237,375				$	2,297,305		$	2,203,641
ROE excluding notable items (annualized)	6.52		%	6.02		%			5.64		%			5.90		%	4.78		%
Average TCE	$	1,772,732		$	1,765,852				$	1,712,353				$	1,770,749		$	1,697,859
ROTCE excluding notable items (annualized)	8.45		%	7.81		%			7.36		%			7.65		%	6.20		%

















































































	Three Months Ended									Nine Months Ended
NONINTEREST INCOME EXCLUDING NOTABLE ITEMS	9/30/2026			6/30/2026			9/30/2025			9/30/2026			9/30/2025
Noninterest income	$	22,112		$	18,850		$	15,385		$	57,929		$	8,117
Notable items:
Loss on investment portfolio repositioning	—			—			—			—			38,856

Noninterest income excluding notable items	$	22,112		$	18,850		$	15,385		$	57,929		$	46,973

	Three Months Ended									Nine Months Ended
EFFICIENCY RATIO EXCLUDING NOTABLE ITEMS	9/30/2026			6/30/2026			9/30/2025			9/30/2026			9/30/2025
Noninterest expense	$	102,794		$	98,464		$	96,861		$	295,713		$	290,195
Notable items:
FDIC special assessment expense reversal	—			—			—			58			—
Merger related costs	(2,650)			(2,058)			(958)			(4,942)			(20,758)
Noninterest expense excluding notable items	$	100,144		$	96,406		$	95,903		$	290,829		$	269,437

Revenue	$	157,477		$	147,819		$	141,942		$	446,320		$	352,946
Notable items:
Loss on investment portfolio repositioning	—			—			—			—			38,856
Revenue excluding notable items	$	157,477		$	147,819		$	141,942		$	446,320		$	391,802

Efficiency ratio excluding notable items	63.59		%	65.22		%	67.56		%	65.16		%	68.77		%


	Three Months Ended									Nine Months Ended
EFFECTIVE TAX RATE EXCLUDING NOTABLE ITEMS	9/30/2026			6/30/2026			9/30/2025			9/30/2026			9/30/2025
Income before income taxes	$	46,123		$	42,585		$	36,371		$	126,627		$	38,149
Notable items before tax effect	2,650			2,058			958			4,884			60,167
Income before tax excluding notable items	$	48,773		$	44,643		$	37,329		$	131,511		$	98,316

GAAP income tax provision	$	10,546		$	9,554		$	5,595		$	28,479		$	11,027
Tax effect on notable items in pre-tax income	759			590			208			1,399			13,170
Notable impact from California state tax apportionment law change	—			—			—			—			(4,878)
Income tax provision excluding notable items	$	11,305		$	10,144		$	5,803		$	29,878		$	19,319

Effective tax rate (GAAP)	22.86		%	22.44		%	15.38		%	22.49		%	28.91		%
Effective tax rate excluding notable items	23.18		%	22.72		%	15.55		%	22.72		%	19.65		%