Hope Bancorp Reports Financial Results for the Fourth Quarter and Full Year Ended December 31, 2025

Hope Bancorp Reports Financial Results for the Fourth Quarter and Full Year Ended December 31, 2025 For the fourth quarter of 2025, net income of $34.5 million, up 12% quarter-over-quarter and up 42% year-over-year Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its fourth quarter and full year ended December 31, 2025. For the three months ended December 31, 2025, the Company recorded net income of $34.5 million, or $0.27 per diluted common share, up 12% from net income of $30.8 million, or $0.24 per diluted common share, for the three months ended September 30, 2025, and up 42% from net income of $24.3 million, or $0.20 per diluted common share, for the three months ended December 31, 2024. For the full year ended December 31, 2025, net income totaled $61.6 million, or $0.49 per diluted common share. Excluding notable items(1), net income for the full year ended December 31, 2025, totaled $113.3 million, or $0.89 per diluted common share, up 10% from $103.4 million, or $0.85 per diluted common share, for the full year ended December 31, 2024. “We delivered solid earnings growth in the fourth quarter of 2025, with net income up 12% from the third quarter of 2025, reflecting growth in net interest income, strength in customer fee revenue, and lower provisions for credit losses,” commented Kevin S. Kim, Chairman, President and Chief Executive Officer. “For the full year 2025, we significantly lowered our cost of deposits, reduced reliance on brokered deposits, enhanced our earning assets mix, added experienced senior leadership as well as front line talent, and strengthened our asset quality with a steady decrease in criticized assets in each quarter of 2025. We also completed the acquisition of Territorial Bancorp in April 2025, which expanded our banking footprint to the strategically attractive market of Hawaii,” continued Kim. “These actions contributed to further optimizing our balance sheet and meaningfully improved our underlying core profitability metrics. We are well positioned to build on this momentum in 2026 and beyond, as we continue making progress towards enhancing our financial performance and earnings growth.” “I am deeply grateful for the dedication of our colleagues at Bank of Hope. Their steadfast commitment to excellence has propelled our organization forward and strengthened our position as the leading regional bank serving multicultural communities across the continental United States and Hawaii. I am confident that our collective focus and hard work will drive even greater positive outcomes in the years to come,” concluded Kim. ____________________ (1) Net income, profitability metrics and earnings per share excluding notable items are non-GAAP financial measures. Notable items in 2025 comprised merger-related expenses, restructuring-related items, a net loss on investment portfolio repositioning, a reversal of an FDIC special assessment, and the impact of a California state tax law change. Notable items in 2024 comprised merger-related expenses, restructuring-related items, and an FDIC special assessment expense. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 to 12. Operating Results for the Fourth Quarter of 2025 Net interest income and net interest margin. Net interest income before provision for credit losses totaled $127.4 million for the fourth quarter of 2025, an increase of $0.8 million, or 1%, compared with $126.6 million for the third quarter of 2025. Net interest margin for the fourth quarter of 2025 increased by 1 basis point to 2.90%, up from 2.89% for the third quarter of 2025, and expanded 40 basis points year-over-year, up from 2.50% for the fourth quarter of 2024. The quarter-over-quarter increases in net interest income and net interest margin were primarily driven by a faster decline in the cost of interest bearing liabilities, relative to the change in the yield on average earning assets. For the fourth quarter of 2025, the cost of interest bearing deposits decreased 17 basis points to 3.52%, reflecting deposit repricing and the impact of federal funds target rate cuts, compared with an 11 basis point decrease in the yield on average earning assets. Noninterest income. For the fourth quarter of 2025, noninterest income totaled $18.4 million, up $3.0 million, or 19%, compared with $15.4 million for the third quarter of 2025. The increase was driven by a meaningful growth in customer-level swap fees, which increased $2.4 million quarter-over-quarter, as well as higher service fees on deposit accounts, gains on the sale of securities, and increased loan-related fees. The Company sold $46.0 million of Small Business Administration (“SBA”) loans in the fourth quarter of 2025 for a net gain of $2.6 million, compared with $48.1 million in the third quarter of 2025 for a net gain of $2.8 million. Noninterest expense. Noninterest expense for the fourth quarter of 2025 totaled $99.4 million, up 3% from $96.9 million for the third quarter of 2025. The quarter-over-quarter change in noninterest expense was primarily driven by higher compensation-related costs, which largely reflected the impact of hiring to strengthen the franchise and support revenue generation capabilities. The efficiency ratio was 68.2% for the fourth quarter of 2025, essentially stable compared with the third quarter of 2025 as revenue growth supported the investment spending. Income tax provision and tax rate. For the fourth quarter of 2025, the Company recorded a provision for income tax of $4.7 million, compared with a provision for income tax of $5.6 million for the third quarter of 2025. For the fourth quarter of 2025, the reported effective tax rate was 11.9%. For the full year ended December 31, 2025, the reported effective tax rate was 20.3%, compared with 25.1% for the full year ended December 31, 2024. The year-over-year decrease in the full year effective tax rate was primarily due to the positive impacts from renewable energy and affordable housing partnership investment tax credits that the Company realized in 2025. The fourth quarter 2025 provision for income tax also included true up entries related to deferred tax asset and liability remeasurement. Balance Sheet Summary Total assets. At December 31, 2025, total assets totaled $18.53 billion, compared with $18.51 billion as of September 30, 2025 and $17.05 billion as of December 31, 2024. Loans. At December 31, 2025, gross loans totaled $14.79 billion, up 1%, or 4% annualized, from $14.62 billion at September 30, 2025. The quarter-over-quarter increase in loans was spread across the major loan portfolios of commercial real estate, commercial and industrial, and residential mortgage loans. Year-over-year, gross loans were up 8% from $13.63 billion at December 31, 2024, largely reflecting organic residential mortgage growth and the impact of the Territorial Bancorp acquisition. The following table sets forth the loan portfolio composition at December 31, 2025, September 30, 2025, and December 31, 2024: (dollars in thousands) (unaudited) 12/31/2025 9/30/2025 12/31/2024 Balance Percentage Balance Percentage Balance Percentage Commercial real estate (“CRE”) loans $ 8,494,508 57.4 % $ 8,434,919 57.7 % $ 8,527,008 62.6 % Commercial and industrial (“C&I”) loans 3,794,788 25.7 % 3,752,111 25.6 % 3,981,441 29.2 % Residential mortgage and other loans 2,498,621 16.9 % 2,436,607 16.7 % 1,124,314 8.2 % Gross loans (including held for sale) $ 14,787,917 100.0 % $ 14,623,637 100.0 % $ 13,632,763 100.0 % Deposits. Total deposits of $15.60 billion at December 31, 2025, decreased 1% from $15.83 billion at September 30, 2025, and increased 9% from $14.33 billion at December 31, 2024. The quarter-over-quarter change largely reflected typical year-end seasonality in certain commercial client funds. The year-over-year growth largely reflected the impact of the Territorial Bancorp acquisition. The following table sets forth the deposit composition at December 31, 2025, September 30, 2025, and December 31, 2024: (dollars in thousands) (unaudited) 12/31/2025 9/30/2025 12/31/2024 Balance Percentage Balance Percentage Balance Percentage Noninterest bearing demand deposits $ 3,371,759 21.6 % $ 3,507,659 22.2 % $ 3,377,950 23.6 % Money market, interest bearing demand, and savings deposits 5,856,373 37.5 % 5,995,488 37.9 % 5,175,735 36.1 % Time deposits 6,375,011 40.9 % 6,328,115 39.9 % 5,773,804 40.3 % Total deposits $ 15,603,143 100.0 % $ 15,831,262 100.0 % $ 14,327,489 100.0 % Gross loan-to-deposit ratio 94.8 % 92.4 % 95.2 % Credit Quality and Allowance for Credit Losses Criticized loans. Criticized loans decreased $21.8 million, or 6%, quarter-over-quarter to $351.1 million at December 31, 2025, down from $372.9 million at September 30, 2025, primarily driven by a 48% quarter-over-quarter reduction in C&I special mention loans. Year-over-year, criticized loans were down $98.9 million, or 22%, from $450.0 million at December 31, 2024, reflecting sustained improvement from successful workouts of problem loans and the Company’s proactive approach to credit risk management. The criticized loan ratio improved to 2.39% of total loans receivable at December 31, 2025, down 17 basis points from 2.56% at September 30, 2025, and down 91 basis points from 3.30% at December 31, 2024. The following table sets forth the breakdown of criticized loans at December 31, 2025, September 30, 2025, and December 31, 2024: (dollars in thousands) (unaudited) 12/31/2025 9/30/2025 12/31/2024 Special mention loans $ 94,003 $ 131,384 $ 179,073 Classified loans 257,113 241,483 270,896 Total criticized loans $ 351,116 $ 372,867 $ 449,969 Criticized loans/total loans receivable 2.39 % 2.56 % 3.30 % Nonperforming assets. Nonperforming assets totaled $136.1 million, or 0.73% of total assets, at December 31, 2025, compared with $112.2 million, or 0.61% of total assets, at September 30, 2025, and $90.8 million, or 0.53% of total assets, at December 31, 2024. The following table sets forth the components of nonperforming assets at December 31, 2025, September 30, 2025, and December 31, 2024: (dollars in thousands) (unaudited) 12/31/2025 9/30/2025 12/31/2024 Loans on nonaccrual status(1) $ 131,747 $ 110,010 $ 90,564 Accruing delinquent loans past due 90 days or more 3,943 2,149 229 Total nonperforming loans 135,690 112,159 90,793 Other real estate owned 365 — — Total nonperforming assets $ 136,055 $ 112,159 $ 90,793 Nonperforming assets/total assets 0.73 % 0.61 % 0.53 % ____________________ (1) Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $15.6 million, $15.3 million and $12.8 million at December 31, 2025, September 30, 2025, and December 31, 2024, respectively. Net charge offs. The Company recorded net charge-offs of $3.6 million for the fourth quarter of 2025, equivalent to 0.10%, annualized, of average loans. This compares with net charge-offs of $5.1 million, or 0.14%, annualized, of average loans for the third quarter of 2025. For the full year 2025, net charge-offs were $29.0 million, or 0.20% of average loans. Allowance for credit losses. The allowance for credit losses totaled $156.7 million at December 31, 2025, compared with $152.5 million at September 30, 2025, and $150.5 million at December 31, 2024. The allowance coverage ratio was 1.07% of loans receivable at December 31, 2025, compared with 1.05% at September 30, 2025, and 1.11% at December 31, 2024. The year-over-year change in the allowance coverage ratio largely reflects the impact of the Territorial Bancorp acquisition. The following table sets forth the allowance for credit losses and the coverage ratios at December 31, 2025, September 30, 2025, and December 31, 2024: (dollars in thousands) (unaudited) 12/31/2025 9/30/2025 12/31/2024 Allowance for credit losses $ 156,661 $ 152,509 $ 150,527 Allowance for credit losses/loans receivable 1.07 % 1.05 % 1.11 % Provision for credit losses. For the fourth quarter of 2025, the Company recorded provision for credit losses of $7.2 million, compared with $8.7 million for the third quarter of 2025. The quarter-over-quarter decrease in the provision for credit losses primarily reflected lower net charge-offs in the fourth quarter of 2025, as well as the quarter-over-quarter change in the allowance for unfunded commitments. For the full year 2025, the provision for credit losses was $31.8 million. Capital At December 31, 2025, the Company and the Bank’s capital ratios continued to exceed all regulatory capital requirements generally required to meet the definition of a “well-capitalized” financial institution. The completion of the Territorial Bancorp acquisition on April 2, 2025, impacted prior year capital and capital ratio comparisons. The following table sets forth the regulatory capital ratios for the Company at December 31, 2025, September 30, 2025, and December 31, 2024: (unaudited) 12/31/2025 9/30/2025 12/31/2024 Minimum Guideline for “Well-Capitalized” Common Equity Tier 1 Capital Ratio 12.27 % 12.14 % 13.06 % 6.50 % Tier 1 Capital Ratio 12.96 % 12.83 % 13.79 % 8.00 % Total Capital Ratio 13.99 % 13.85 % 14.78 % 10.00 % Leverage Ratio 11.05 % 10.86 % 11.83 % 5.00 % At December 31, 2025, total stockholders’ equity was $2.28 billion, an increase of 1% compared with $2.26 billion at September 30, 2025. Tangible common equity (“TCE”) per share(2) was $13.71 at December 31, 2025, compared with $13.53 at September 30, 2025. The TCE ratio(2) was 9.76% at December 31, 2025, up 12 basis points compared with 9.64% at September 30, 2025. The following table sets forth the TCE per share and the TCE ratio at December 31, 2025, September 30, 2025, and December 31, 2024. (unaudited) 12/31/2025 9/30/2025 12/31/2024 TCE per share $ 13.71 $ 13.53 $ 13.81 TCE ratio 9.76 % 9.64 % 10.05 % ____________________ (2) 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 Pages 10 to 12. Investor Conference Call The Company previously announced that it will host an investor conference call on Tuesday, January 27, 2026, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review its unaudited financial results for its fourth quarter and full year ended December 31, 2025. 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 at least 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 February 3, 2026, with the replay access code 3224067. Non-GAAP Financial Metrics This news release and accompanying financial tables contain certain non-GAAP financial measure disclosures, including net income excluding notable items, earnings per share excluding notable items, noninterest income excluding notable items, noninterest expense excluding notable items, provision for credit losses excluding notable items, efficiency ratio excluding notable items, effective tax rate excluding notable items, PPNR, PPNR excluding notable items, ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, TCE per share and TCE ratio. 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 Pages 10 through 12. About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company for Bank of Hope, the only regional Korean American bank in the United States, with $18.53 billion in total assets as of December 31, 2025. Following the addition of Territorial Savings as a division of Bank of Hope, the Company became the largest regional bank serving multicultural customers across the continental United States and Hawaii. Headquartered in Los Angeles, Bank of Hope offers a comprehensive range of commercial, corporate and consumer banking products and services, including commercial and commercial real estate lending, SBA lending, residential mortgage and consumer lending, treasury management, foreign exchange solutions, interest rate derivatives, and international trade finance. Bank of Hope operates 45 full-service branches in California, New York, New Jersey, Washington, Texas, Illinois, Alabama and Georgia under the Bank of Hope banner, and 29 branches in Hawaii under the Territorial Savings banner. Bank of Hope also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices throughout the United States, and a representative office in Seoul, South Korea. 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 www.bankofhope.com for Bank of Hope and www.tsbhawaii.bank for Territorial Savings, a division of Bank of Hope. By including the foregoing website address links, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein. 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. 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” and similar expressions. With respect to any such forward-looking statements, Hope Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. With the consummation of the acquisition of Territorial Bancorp, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among things: difficulties and delays in integrating Hope Bancorp and Territorial Bancorp and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; and deposit attrition, operating costs, customer loss and business disruption following the acquisition, including difficulties in maintaining relationships with employees and customers, may be greater than expected. Other risks and uncertainties include, but are not limited to: possible renewed deterioration in economic conditions in Hope Bancorp’s areas of operation or elsewhere; 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 Hope Bancorp’s allowances for credit losses; potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations; the outcome of any legal proceedings that may be instituted against Hope Bancorp; the impact of U.S. and global trade policies and tensions, including changes in, or the imposition of, tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom, and geopolitical instability; and risks from natural disasters. For additional information concerning these and other risk factors, see Hope Bancorp’s most recent Annual Report on Form 10-K and other documents Hope Bancorp files with the SEC from time to time. Hope Bancorp 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. Hope Bancorp, Inc. Selected Financial Data Unaudited (dollars in thousands, except share data) Assets: 12/31/2025 9/30/2025 % change 12/31/2024 % change Cash and due from banks $ 560,059 $ 454,909 23 % $ 458,199 22 % Investment securities 2,072,864 2,266,034 (9 )% 2,075,628 — % Federal Home Loan Bank (“FHLB”) stock and other investments 60,176 106,411 (43 )% 57,196 5 % Gross loans, including loans held for sale 14,787,917 14,623,637 1 % 13,632,763 8 % Allowance for credit losses (156,661 ) (152,509 ) 3 % (150,527 ) 4 % Accrued interest receivable 52,211 53,159 (2 )% 51,169 2 % Premises and equipment, net 69,589 69,152 1 % 51,759 34 % Goodwill and intangible assets 525,938 524,503 — % 466,781 13 % Other assets 559,533 565,503 (1 )% 411,040 36 % Total assets $ 18,531,626 $ 18,510,799 — % $ 17,054,008 9 % Liabilities: Deposits $ 15,603,143 $ 15,831,262 (1 )% $ 14,327,489 9 % FHLB and Federal Reserve Bank (“FRB”) borrowings 284,922 24,878 1,045 % 239,000 19 % Subordinated debentures and convertible notes, net 110,962 110,610 — % 109,584 1 % Accrued interest payable 78,310 74,376 5 % 93,784 (16 )% Other liabilities 171,021 210,713 (19 )% 149,646 14 % Total liabilities $ 16,248,358 $ 16,251,839 — % $ 14,919,503 9 % Stockholders’ Equity: Common stock, $0.001 par value $ 146 $ 146 — % $ 138 6 % Additional paid-in capital 1,523,702 1,521,669 — % 1,445,373 5 % Retained earnings 1,172,394 1,155,874 1 % 1,181,533 (1 )% Treasury stock, at cost (264,667 ) (264,667 ) — % (264,667 ) — % Accumulated other comprehensive loss, net (148,307 ) (154,062 ) 4 % (227,872 ) 35 % Total stockholders’ equity 2,283,268 2,258,960 1 % 2,134,505 7 % Total liabilities and stockholders’ equity $ 18,531,626 $ 18,510,799 — % $ 17,054,008 9 % Common stock shares – authorized 300,000,000 300,000,000 300,000,000 Common stock shares – outstanding 128,201,655 128,185,271 120,755,658 Treasury stock shares 17,382,835 17,382,835 17,382,835 Hope Bancorp, Inc. Selected Financial Data Unaudited (dollars in thousands, except share and per share data) Three Months Ended Twelve Months Ended 12/31/2025 9/30/2025 % change 12/31/2024 % change 12/31/2025 12/31/2024 % change Interest and fees on loans $ 214,128 $ 216,774 (1 )% $ 203,828 5 % $ 837,226 $ 837,159 — % Interest on investment securities 21,107 21,467 (2 )% 16,930 25 % 76,235 68,549 11 % Interest on cash and deposits at other banks 4,204 5,273 (20 )% 4,694 (10 )% 23,465 44,668 (47 )% Interest on other investments and FHLB dividends 767 1,186 (35 )% 1,169 (34 )% 4,238 3,604 18 % Total interest income 240,206 244,700 (2 )% 226,621 6 % 941,164 953,980 (1 )% Interest on deposits 109,388 115,425 (5 )% 121,645 (10 )% 457,250 495,448 (8 )% Interest on borrowings 3,413 2,718 26 % 2,841 20 % 11,680 30,681 (62 )% Total interest expense 112,801 118,143 (5 )% 124,486 (9 )% 468,930 526,129 (11 )% Net interest income before provision 127,405 126,557 1 % 102,135 25 % 472,234 427,851 10 % Provision for credit losses 7,200 8,710 (17 )% 10,000 (28 )% 31,802 17,280 84 % Net interest income after provision 120,205 117,847 2 % 92,135 30 % 440,432 410,571 7 % Service fees on deposit accounts 3,249 3,235 — % 2,809 16 % 12,511 10,728 17 % Net gains on sales of SBA loans 2,566 2,774 (7 )% 3,063 (16 )% 12,469 7,765 61 % Net gains (losses) on sales of securities available for sale 1,168 — 100 % 837 40 % (37,688 ) 936 N/A Other income and fees 11,368 9,376 21 % 8,166 39 % 39,176 26,642 47 % Total noninterest income 18,351 15,385 19 % 15,881 16 % 26,468 47,077 (44 )% Salaries and employee benefits 57,906 54,910 5 % 42,016 38 % 214,110 177,860 20 % Occupancy 9,003 9,153 (2 )% 6,837 32 % 34,206 27,469 25 % Furniture and equipment 8,706 8,780 (1 )% 5,436 60 % 32,020 23,968 34 % Data processing and communications 3,624 3,346 8 % 2,961 22 % 12,475 9,684 29 % Amortization of investments in affordable housing partnerships 2,940 3,216 (9 )% 2,429 21 % 10,547 9,051 17 % FDIC assessment 3,051 2,942 4 % 2,684 14 % 10,983 10,813 2 % FDIC special assessment (691 ) — 100 % — 100 % (691 ) 691 N/A Earned interest credit 3,028 3,529 (14 )% 4,605 (34 )% 12,954 23,447 (45 )% Merger and restructuring related costs 776 958 (19 )% 583 33 % 21,534 5,627 283 % Other noninterest expense 11,085 10,027 11 % 10,039 10 % 41,485 36,074 15 % Total noninterest expense 99,428 96,861 3 % 77,590 28 % 389,623 324,684 20 % Income before income taxes 39,128 36,371 8 % 30,426 29 % 77,277 132,964 (42 )% Income tax provision 4,662 5,595 (17 )% 6,089 (23 )% 15,689 33,334 (53 )% Net income $ 34,466 $ 30,776 12 % $ 24,337 42 % $ 61,588 $ 99,630 (38 )% Earnings per common share – diluted $ 0.27 $ 0.24 $ 0.20 $ 0.49 $ 0.82 Weighted average shares outstanding – diluted 128,769,564 128,593,874 121,401,285 126,774,552 121,108,594 Hope Bancorp, Inc. Selected Financial Data Unaudited For the Three Months Ended For the Twelve Months Ended Profitability measures (annualized): 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Earnings per common share - diluted (not annualized) $ 0.27 $ 0.24 $ 0.20 $ 0.49 $ 0.82 Earnings per common share - diluted excluding notable items (not annualized) (1) $ 0.27 $ 0.25 $ 0.20 $ 0.89 $ 0.85 Return on average assets (“ROA”) 0.74 % 0.66 % 0.57 % 0.34 % 0.56 % ROA excluding notable items(1) 0.74 % 0.68 % 0.56 % 0.62 % 0.58 % Return on average equity (“ROE”) 6.06 % 5.50 % 4.51 % 2.77 % 4.68 % ROE excluding notable items (1) 6.06 % 5.64 % 4.46 % 5.10 % 4.85 % Return on average tangible common equity (“ROTCE”)(1) 7.87 % 7.19 % 5.76 % 3.60 % 5.99 % ROTCE excluding notable items (1) 7.88 % 7.36 % 5.69 % 6.62 % 6.22 % Net interest margin 2.90 % 2.89 % 2.50 % 2.76 % 2.55 % Efficiency ratio (not annualized) 68.22 % 68.24 % 65.75 % 78.13 % 68.36 % Efficiency ratio excluding notable items (not annualized)(1) 68.16 % 67.56 % 65.81 % 68.60 % 67.18 % ____________________ (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. Hope Bancorp, Inc. Selected Financial Data Unaudited (dollars in thousands) Three Months Ended 12/31/2025 9/30/2025 12/31/2024 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 $ 14,646,767 $ 214,128 5.80 % $ 14,522,425 $ 216,774 5.92 % $ 13,626,965 $ 203,828 5.95 % Investment securities 2,261,726 21,107 3.70 % 2,256,228 21,467 3.77 % 2,177,613 16,930 3.09 % Interest earning cash and deposits at other banks 433,029 4,204 3.85 % 488,992 5,273 4.28 % 416,467 4,694 4.48 % FHLB stock and other investments 63,961 767 4.76 % 97,584 1,186 4.82 % 49,388 1,169 9.42 % Total interest earning assets $ 17,405,483 $ 240,206 5.48 % $ 17,365,229 $ 244,700 5.59 % $ 16,270,433 $ 226,621 5.54 % INTEREST BEARING LIABILITIES: Deposits: Money market, interest bearing demand and savings $ 6,023,423 $ 45,901 3.02 % $ 6,045,464 $ 49,458 3.25 % $ 5,187,715 $ 50,510 3.87 % Time deposits 6,310,036 63,487 3.99 % 6,359,578 65,967 4.12 % 5,856,439 71,135 4.83 % Total interest bearing deposits 12,333,459 109,388 3.52 % 12,405,042 115,425 3.69 % 11,044,154 121,645 4.38 % FHLB and FRB borrowings 122,986 1,063 3.43 % 27,286 273 3.97 % 113,533 248 0.87 % Subordinated debentures and convertible notes 106,835 2,350 8.61 % 106,485 2,445 8.98 % 105,482 2,593 9.62 % Total interest bearing liabilities $ 12,563,280 $ 112,801 3.56 % $ 12,538,813 $ 118,143 3.74 % $ 11,263,169 $ 124,486 4.40 % Noninterest bearing demand deposits 3,474,131 3,506,559 3,546,613 Total funding liabilities/cost of funds $ 16,037,411 2.79 % $ 16,045,372 2.92 % $ 14,809,782 3.34 % Net interest income/net interest spread $ 127,405 1.92 % $ 126,557 1.85 % $ 102,135 1.14 % Net interest margin 2.90 % 2.89 % 2.50 % Cost of deposits: Noninterest bearing demand deposits $ 3,474,131 $ — — % $ 3,506,559 $ — — % $ 3,546,613 $ — — % Interest bearing deposits 12,333,459 109,388 3.52 % 12,405,042 115,425 3.69 % 11,044,154 121,645 4.38 % Total deposits $ 15,807,590 $ 109,388 2.75 % $ 15,911,601 $ 115,425 2.88 % $ 14,590,767 $ 121,645 3.32 % Hope Bancorp, Inc. Selected Financial Data Unaudited (dollars in thousands) Twelve Months Ended 12/31/2025 12/31/2024 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 $ 14,267,020 $ 837,226 5.87 % $ 13,634,728 $ 837,159 6.14 % Investment securities 2,199,219 76,235 3.47 % 2,213,068 68,549 3.10 % Interest earning cash and deposits at other banks 563,560 23,465 4.16 % 856,768 44,668 5.21 % FHLB stock and other investments 86,632 4,238 4.89 % 48,738 3,604 7.39 % Total interest earning assets $ 17,116,431 $ 941,164 5.50 % $ 16,753,302 $ 953,980 5.69 % INTEREST BEARING LIABILITIES: Deposits: Money market, interest bearing demand and savings $ 5,951,849 $ 197,861 3.32 % $ 5,043,411 $ 200,070 3.97 % Time deposits 6,176,559 259,389 4.20 % 5,954,272 295,378 4.96 % Total interest bearing deposits 12,128,408 457,250 3.77 % 10,997,683 495,448 4.51 % FHLB and FRB borrowings 79,945 2,056 2.57 % 531,869 19,860 3.73 % Subordinated debentures and convertible notes 106,324 9,624 8.93 % 104,989 10,821 10.14 % Total interest bearing liabilities $ 12,314,677 $ 468,930 3.81 % $ 11,634,541 $ 526,129 4.52 % Noninterest bearing demand deposits 3,447,893 3,679,947 Total funding liabilities/cost of funds $ 15,762,570 2.97 % $ 15,314,488 3.44 % Net interest income/net interest spread $ 472,234 1.69 % $ 427,851 1.17 % Net interest margin 2.76 % 2.55 % Cost of deposits: Noninterest bearing demand deposits $ 3,447,893 $ — — % $ 3,679,947 $ — — % Interest bearing deposits 12,128,408 457,250 3.77 % 10,997,683 495,448 4.51 % Total deposits $ 15,576,301 $ 457,250 2.94 % $ 14,677,630 $ 495,448 3.38 % Hope Bancorp, Inc. Selected Financial Data Unaudited (dollars in thousands) Three Months Ended Twelve Months Ended AVERAGE BALANCES: 12/31/2025 9/30/2025 % change 12/31/2024 % change 12/31/2025 12/31/2024 % change Gross loans, including loans held for sale $ 14,646,767 $ 14,522,425 1 % $ 13,626,965 7 % $ 14,267,020 $ 13,634,728 5 % Investment securities 2,261,726 2,256,228 — % 2,177,613 4 % 2,199,219 2,213,068 (1 )% Interest earning cash and deposits at other banks 433,029 488,992 (11 )% 416,467 4 % 563,560 856,768 (34 )% Interest earning assets 17,405,483 17,365,229 — % 16,270,433 7 % 17,116,431 16,753,302 2 % Goodwill and intangible assets 524,118 525,022 — % 467,021 12 % 510,404 467,620 9 % Total assets 18,595,446 18,548,982 — % 17,228,881 8 % 18,244,370 17,746,408 3 % Noninterest bearing demand deposits 3,474,131 3,506,559 (1 )% 3,546,613 (2 )% 3,447,893 3,679,947 (6 )% Interest bearing deposits 12,333,459 12,405,042 (1 )% 11,044,154 12 % 12,128,408 10,997,683 10 % Total deposits 15,807,590 15,911,601 (1 )% 14,590,767 8 % 15,576,301 14,677,630 6 % Interest bearing liabilities 12,563,280 12,538,813 — % 11,263,169 12 % 12,314,677 11,634,541 6 % Stockholders’ equity 2,275,285 2,237,375 2 % 2,156,858 5 % 2,221,699 2,130,140 4 % LOAN PORTFOLIO: 12/31/2025 9/30/2025 % change 12/31/2024 % change Loans receivable (held for investment) $ 14,701,012 $ 14,590,519 1 % $ 13,618,272 8 % Loans held for sale 86,905 33,118 162 % 14,491 500 % Gross loans $ 14,787,917 $ 14,623,637 1 % $ 13,632,763 8 % CRE LOANS HELD FOR INVESTMENT BY PROPERTY TYPE: 12/31/2025 9/30/2025 % change 12/31/2024 % change Multi-tenant retail $ 1,618,715 $ 1,612,673 — % $ 1,619,505 — % Industrial warehouses 1,258,703 1,285,752 (2 )% 1,264,703 — % Multifamily 1,191,145 1,219,701 (2 )% 1,208,494 (1 )% Gas stations and car washes 1,176,491 1,116,447 5 % 1,027,502 15 % Mixed-use facilities 691,821 665,239 4 % 771,695 (10 )% Hotels/motels 821,845 771,089 7 % 769,635 7 % Single-tenant retail 658,440 629,269 5 % 659,993 — % Office 331,603 330,736 — % 394,431 (16 )% All other 745,745 787,888 (5 )% 811,050 (8 )% Total CRE loans $ 8,494,508 $ 8,418,794 1 % $ 8,527,008 — % DEPOSIT COMPOSITION: 12/31/2025 9/30/2025 % change 12/31/2024 % change Noninterest bearing demand deposits $ 3,371,759 $ 3,507,659 (4 )% $ 3,377,950 — % Money market, interest bearing demand, and savings 5,856,373 5,995,488 (2 )% 5,175,735 13 % Time deposits 6,375,011 6,328,115 1 % 5,773,804 10 % Total deposits $ 15,603,143 $ 15,831,262 (1 )% $ 14,327,489 9 % Hope Bancorp, Inc. Selected Financial Data Unaudited (dollars in thousands, except share and per share data) CAPITAL & CAPITAL RATIOS: 12/31/2025 9/30/2025 12/31/2024 Total stockholders’ equity $ 2,283,268 $ 2,258,960 $ 2,134,505 Total capital $ 2,171,256 $ 2,128,319 $ 2,150,810 Common equity tier 1 ratio 12.27 % 12.14 % 13.06 % Tier 1 capital ratio 12.96 % 12.83 % 13.79 % Total capital ratio 13.99 % 13.85 % 14.78 % Leverage ratio 11.05 % 10.86 % 11.83 % Total risk weighted assets $ 15,520,691 $ 15,371,526 $ 14,549,658 Book value per common share $ 17.81 $ 17.62 $ 17.68 Tangible common equity (“TCE”) per share (1) $ 13.71 $ 13.53 $ 13.81 TCE ratio(1) 9.76 % 9.64 % 10.05 % (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 Twelve Months Ended 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 12/31/2025 12/31/2024 Balance at beginning of period $ 152,509 $ 149,505 $ 147,412 $ 150,527 $ 153,270 $ 150,527 $ 158,694 Initial allowance for purchased credit deteriorated (“PCD”) loans and purchased seasoned loans (“PSL”) acquired (2) — — 3,971 — — 3,971 — Provision for losses on loans 7,800 8,100 10,092 5,200 10,100 31,192 18,400 Recoveries 1,694 1,517 2,844 233 704 6,288 4,521 Charge offs (5,342 ) (6,613 ) (14,814 ) (8,548 ) (13,547 ) (35,317 ) (31,088 ) Balance at end of period $ 156,661 $ 152,509 $ 149,505 $ 147,412 $ 150,527 $ 156,661 $ 150,527 (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. 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 Allowance for unfunded loan commitments $ 3,333 $ 3,933 $ 3,323 $ 2,323 $ 2,723 Three Months Ended Twelve Months Ended 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 12/31/2025 12/31/2024 Provision for losses on loans $ 7,800 $ 8,100 $ 10,092 $ 5,200 $ 10,100 $ 31,192 $ 18,400 Provision (credit) for unfunded loan commitments (600 ) 610 1,000 (400 ) (100 ) 610 (1,120 ) Provision for credit losses $ 7,200 $ 8,710 $ 11,092 $ 4,800 $ 10,000 $ 31,802 $ 17,280 Three Months Ended Twelve Months Ended NET LOAN CHARGE OFFS (RECOVERIES): 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 12/31/2025 12/31/2024 CRE loans $ (1,467 ) $ (933 ) $ (843 ) $ 899 $ 156 $ (2,344 ) $ 545 C&I loans 5,169 5,978 11,829 7,384 12,607 30,360 25,866 Residential mortgage and other loans (54 ) 51 984 32 80 1,013 156 Net loan charge offs $ 3,648 $ 5,096 $ 11,970 $ 8,315 $ 12,843 $ 29,029 $ 26,567 Net charge offs/average loans (annualized) 0.10 % 0.14 % 0.33 % 0.25 % 0.38 % 0.20 % 0.13 % Hope Bancorp, Inc. Selected Financial Data Unaudited (dollars in thousands) NONPERFORMING ASSETS: 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 Loans on nonaccrual status(1) $ 131,747 $ 110,010 $ 110,739 $ 83,808 $ 90,564 Accruing delinquent loans past due 90 days or more 3,943 2,149 2,149 98 229 Total nonperforming loans 135,690 112,159 112,888 83,906 90,793 Other real estate owned (“OREO”) 365 — — — — Total nonperforming assets $ 136,055 $ 112,159 $ 112,888 $ 83,906 $ 90,793 Nonperforming assets/total assets 0.73 % 0.61 % 0.61 % 0.49 % 0.53 % Nonperforming loans/loans receivable 0.92 % 0.77 % 0.78 % 0.63 % 0.67 % Nonaccrual loans/loans receivable 0.90 % 0.75 % 0.77 % 0.63 % 0.67 % Allowance for credit losses/loans receivable 1.07 % 1.05 % 1.04 % 1.11 % 1.11 % Allowance for credit losses/nonperforming loans 115.46 % 135.98 % 132.44 % 175.69 % 165.79 % (1) Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $15.6 million, $15.3 million, $15.3 million, $11.8 million, and $12.8 million, at December 31, 2025, September 30, 2025, June 30, 2025, March 31, 2025, and December 31, 2024, respectively. NONACCRUAL LOANS BY TYPE: 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 CRE loans $ 65,106 $ 54,016 $ 55,368 $ 24,106 $ 23,396 C&I loans 53,136 45,494 46,945 50,544 60,807 Residential mortgage and other loans 13,505 10,500 8,426 9,158 6,361 Total nonaccrual loans $ 131,747 $ 110,010 $ 110,739 $ 83,808 $ 90,564 Hope Bancorp, Inc. Selected Financial Data Unaudited (dollars in thousands) ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE: 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 30 - 59 days past due $ 19,056 $ 15,788 $ 4,909 $ 11,927 $ 8,681 60 - 89 days past due 4,244 5,117 2,843 27,719 5,164 Total accruing delinquent loans 30-89 days past due $ 23,300 $ 20,905 $ 7,752 $ 39,646 $ 13,845 ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE BY TYPE: 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 CRE loans $ 12,064 $ 14,872 $ 4,377 $ 4,993 $ 3,205 C&I loans 2,209 3,356 1,084 27,455 1,288 Residential mortgage and other loans 9,027 2,677 2,291 7,198 9,352 Total accruing delinquent loans 30-89 days past due $ 23,300 $ 20,905 $ 7,752 $ 39,646 $ 13,845 CRITICIZED LOANS: 12/31/2025 9/30/2025 6/30/2025 3/31/2025 12/31/2024 Special mention loans $ 94,003 $ 131,384 $ 137,313 $ 184,659 $ 179,073 Classified loans 257,113 241,483 277,418 264,064 270,896 Total criticized loans $ 351,116 $ 372,867 $ 414,731 $ 448,723 $ 449,969 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. TANGIBLE COMMON EQUITY (“TCE”) 12/31/2025 9/30/2025 12/31/2024 Total stockholders’ equity $ 2,283,268 $ 2,258,960 $ 2,134,505 Goodwill and core deposit intangible assets, net (525,938 ) (524,503 ) (466,781 ) TCE $ 1,757,330 $ 1,734,457 $ 1,667,724 Total assets $ 18,531,626 $ 18,510,799 $ 17,054,008 Goodwill and core deposit intangible assets, net (525,938 ) (524,503 ) (466,781 ) Tangible assets $ 18,005,688 $ 17,986,296 $ 16,587,227 TCE ratio 9.76 % 9.64 % 10.05 % Common shares outstanding 128,201,655 128,185,271 120,755,658 TCE per share $ 13.71 $ 13.53 $ 13.81 Three Months Ended Twelve Months Ended RETURN ON AVERAGE TANGIBLE COMMON EQUITY (“ROTCE”) 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Average stockholders’ equity $ 2,275,285 $ 2,237,375 $ 2,156,858 $ 2,221,699 $ 2,130,140 Average goodwill and core deposit intangible assets, net (524,118 ) (525,022 ) (467,021 ) (510,404 ) (467,620 ) Average TCE $ 1,751,167 $ 1,712,353 $ 1,689,837 $ 1,711,295 $ 1,662,520 Net income (GAAP) $ 34,466 $ 30,776 $ 24,337 $ 61,588 $ 99,630 ROTCE (annualized) 7.87 % 7.19 % 5.76 % 3.60 % 5.99 % Three Months Ended Twelve Months Ended PROVISION FOR CREDIT LOSSES EXCLUDING NOTABLE ITEMS 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Provision for credit losses (1) $ 7,200 $ 8,710 $ 10,000 $ 31,802 $ 17,280 Notable items: Merger-related provision for credit losses — — — (553 ) — Provision for credit losses excluding notable items $ 7,200 $ 8,710 $ 10,000 $ 31,249 $ 17,280 (1) 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. Three Months Ended Twelve Months Ended PRE-PROVISION NET REVENUE (“PPNR”) 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Net interest income before provision for credit losses $ 127,405 $ 126,557 $ 102,135 $ 472,234 $ 427,851 Noninterest income 18,351 15,385 15,881 26,468 47,077 Revenue 145,756 141,942 118,016 498,702 474,928 Less: Noninterest expense 99,428 96,861 77,590 389,623 324,684 PPNR $ 46,328 $ 45,081 $ 40,426 $ 109,079 $ 150,244 Notable items: Loss on investment portfolio repositioning $ — $ — $ — $ 38,856 $ — FDIC special assessment expense (reversal) (691 ) — — (691 ) 691 Merger and restructuring-related (gains) costs, net (including gain on branch sale) 776 958 (423 ) 21,534 4,621 Total notable items included in PPNR 85 958 (423 ) 59,699 5,312 PPNR, excluding notable items $ 46,413 $ 46,039 $ 40,003 $ 168,778 $ 155,556 Three Months Ended Twelve Months Ended PROFITABILITY RATIOS EXCLUDING NOTABLE ITEMS 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Net income (GAAP) $ 34,466 $ 30,776 $ 24,337 $ 61,588 $ 99,630 Notable items: Merger-related provision for credit losses — — — 553 — Loss on investment portfolio repositioning — — — 38,856 — FDIC special assessment expense (reversal) (691 ) — — (691 ) 691 Merger and restructuring-related (gains) costs, net (including gain on branch sale) 776 958 (423 ) 21,534 4,621 Total notable items included in pre-tax income 85 958 (423 ) 60,252 5,312 Tax effect on notable items in pre-tax income (25 ) (208 ) 125 (13,325 ) (1,562 ) Notable impact from California state tax apportionment law change (49 ) — — 4,829 — Total notable items, net of tax 11 750 (298 ) 51,756 3,750 Net income excluding notable items $ 34,477 $ 31,526 $ 24,039 $ 113,344 $ 103,380 Diluted common shares 128,769,564 128,593,874 121,401,285 126,774,552 121,108,594 EPS excluding notable items $ 0.27 $ 0.25 $ 0.20 $ 0.89 $ 0.85 Average assets $ 18,595,446 $ 18,548,982 $ 17,228,881 $ 18,244,370 $ 17,746,408 ROA excluding notable items (annualized) 0.74 % 0.68 % 0.56 % 0.62 % 0.58 % Average equity $ 2,275,285 $ 2,237,375 $ 2,156,858 $ 2,221,699 $ 2,130,140 ROE excluding notable items (annualized) 6.06 % 5.64 % 4.46 % 5.10 % 4.85 % Average TCE $ 1,751,167 $ 1,712,353 $ 1,689,837 $ 1,711,295 $ 1,662,520 ROTCE excluding notable items (annualized) 7.88 % 7.36 % 5.69 % 6.62 % 6.22 % Three Months Ended Twelve Months Ended NONINTEREST INCOME EXCLUDING NOTABLE ITEMS 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Noninterest income $ 18,351 $ 15,385 $ 15,881 $ 26,468 $ 47,077 Notable items: Loss on investment portfolio repositioning — — — 38,856 — Restructuring-related net gain on branch sale — — (1,006 ) — (1,006 ) Noninterest income excluding notable items $ 18,351 $ 15,385 $ 14,875 $ 65,324 $ 46,071 Three Months Ended Twelve Months Ended EFFICIENCY RATIO EXCLUDING NOTABLE ITEMS 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Noninterest expense $ 99,428 $ 96,861 $ 77,590 $ 389,623 $ 324,684 Notable items: FDIC special assessment (expense) reversal 691 — — 691 (691 ) Merger and restructuring-related costs (776 ) (958 ) (583 ) (21,534 ) (5,627 ) Noninterest expense excluding notable items $ 99,343 $ 95,903 $ 77,007 $ 368,780 $ 318,366 Revenue $ 145,756 $ 141,942 $ 118,016 $ 498,702 $ 474,928 Notable items: Loss on investment portfolio repositioning — — — 38,856 — Restructuring-related net gain on branch sale — — (1,006 ) — (1,006 ) Revenue excluding notable items $ 145,756 $ 141,942 $ 117,010 $ 537,558 $ 473,922 Efficiency ratio excluding notable items 68.16 % 67.56 % 65.81 % 68.60 % 67.18 % Three Months Ended Twelve Months Ended EFFECTIVE TAX RATE EXCLUDING NOTABLE ITEMS 12/31/2025 9/30/2025 12/31/2024 12/31/2025 12/31/2024 Income before income taxes $ 39,128 $ 36,371 $ 30,426 $ 77,277 $ 132,964 Notable items before tax effect 85 958 (423 ) 60,252 5,312 Income before tax excluding notable items $ 39,213 $ 37,329 $ 30,003 $ 137,529 $ 138,276 GAAP income tax provision $ 4,662 $ 5,595 $ 6,089 $ 15,689 $ 33,334 Tax effect on notable items in pre-tax income 25 208 (125 ) 13,325 1,562 Notable impact from California state tax apportionment law change 49 — — (4,829 ) — Income tax provision excluding notable items $ 4,736 $ 5,803 $ 5,964 $ 24,185 $ 34,896 Effective tax rate excluding notable items 12.08 % 15.55 % 19.88 % 17.59 % 25.24 % Source: Hope Bancorp, Inc.