Press release
July 27, 2026
Hope Bancorp Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2026
Hope Bancorp Inc (HOPE)
Hope Bancorp Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2026
Second quarter 2026 net income of $33.0 million, up 12% quarter-over-quarter
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, 2026.
For the second quarter of 2026, the Company reported net income of $33.0 million, or $0.26 per diluted common share, up 12% from net income of $29.5 million, or $0.23 per diluted common share, for the first quarter of 2026, and up from a net loss of $24.8 million, or $(0.19) per diluted common share, for the second quarter of 2025. Net income excluding notable items(1) for the second quarter of 2026 was $34.5 million, or $0.27 per diluted common share, up 16% from $29.7 million, or $0.23 per diluted common share, for the first quarter of 2026, and up 40% from net income of $24.6 million, or $0.19 per diluted common share, for the second quarter of 2025.
“Overall, we delivered strong quarterly results and are pleased with the continued progress made to improve the profitability and core operating performance of the Bank. Second quarter 2026 earnings growth reflected a combination of revenue growth and positive operating leverage, driven by loan growth, net interest margin expansion, lower funding costs, increased fee income and expense discipline,” said Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp, Inc.
“As we enter the second half of 2026, we are well-positioned to continue our momentum in executing on our key priorities. We are focused on building a more profitable and resilient franchise through disciplined balance sheet management, prudent expense control and the strengthening of client relationships to deliver long-term value for our stockholders,” continued Kim.
“Our pending acquisition of the Commercial Banking Unit of SMBC MANUBANK(2) is closely aligned with our priorities and represents an important opportunity to expand our middle market and multinational banking capabilities, develop specialty deposit verticals, and broaden our footprint in Southern California. The transaction is anticipated to improve our 2027 earnings and returns on tangible common equity, enhance our long-term earnings capacity, and support effective capital management,” concluded Kim.
____________________________
(1)
Net income excluding notable items and earnings per share 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 to 12. Notable items in the second quarter of 2026 included merger-related costs; notable items for the prior periods are detailed on Table Pages 10 to 12.
(2)
The pending acquisition of the Commercial Banking Unit of SMBC MANUBANK is subject to regulatory approvals and other customary closing conditions.
Operating Results for the Second Quarter of 2026
Net interest income and net interest margin. Net interest income totaled $129.0 million for the second quarter of 2026, up $4.9 million, or 4%, compared with $124.1 million for the first quarter of 2026, and up $11.5 million, or 10%, from the second quarter of 2025. Net interest margin for the second quarter of 2026 was 2.96%, up six basis points from 2.90% for the first quarter of 2026, and up 27 basis points from 2.69% for the year-ago quarter. The sequential quarter net interest income growth and net interest margin expansion were primarily driven by average earning asset growth, earning asset yield expansion and a lower cost of funds. The second quarter 2026 yield on average loans was 5.73%, up four basis points sequentially, and the cost of interest bearing deposits was 3.31%, down six basis points sequentially. Year-over-year, the cost of interest bearing deposits was down 46 basis points, reflecting Fed Funds target rate cuts over the period as well as the positive impact of the Territorial Bancorp acquisition, which closed on April 2, 2025, and contributed lower cost deposits to the Bank’s funding mix.
Noninterest income. For the second quarter of 2026, noninterest income totaled $18.9 million, up $1.9 million, or 11%, compared with $17.0 million for the first quarter of 2026, and up $3.0 million, or 19%, compared with noninterest income excluding notable items(3) of $15.9 million for the second quarter of 2025. Second quarter 2025 reported noninterest income was $(23.0) million and included a $38.9 million loss on an investment portfolio repositioning. The sequential quarter growth in second quarter 2026 noninterest income reflected increased net gains on sales of Small Business Administration (“SBA”) loans, growth in customer-driven income and fees, and an increase in net gains on sales of available-for-sale securities. The Company sold $67.9 million of SBA loans in the second quarter of 2026 for a net gain of $4.4 million, compared with $53.0 million of SBA loans sold for a net gain of $3.3 million in the first quarter of 2026.
Noninterest expense. Noninterest expense for the second quarter of 2026 was $98.5 million, up $4.0 million, or 4%, from $94.5 million for the first quarter of 2026, and down $11.0 million, or 10%, from $109.5 million for the second quarter of 2025. Noninterest expense excluding notable items(3) for the second quarter of 2026 was $96.4 million, up $2.1 million, or 2%, from $94.3 million for the first quarter of 2026, and up $4.2 million, or 5%, from $92.2 million for the second quarter of 2025. Growth in the second quarter 2026 noninterest expense was well controlled across all key areas of operating expenses.
In the second quarter of 2026, revenue growth outpaced expense growth, resulting in positive operating leverage and an improved efficiency ratio. The reported efficiency ratio for the second quarter of 2026 was 66.6%, improving from 67.0% in the prior quarter and 115.8% in the year-ago quarter. The efficiency ratio excluding notable items(3) for the second quarter of 2026 was 65.2%, improving from 66.9% in the prior quarter and 69.1% in the year-ago quarter.
Income tax provision and tax rate. For the second quarter of 2026, the Company recorded an income tax provision of $9.6 million, compared with an income tax provision of $8.4 million for the first quarter of 2026 and an income tax benefit of $(1.3) million for the second quarter of 2025. The year-to-date effective tax rate for the first half of 2026 was 22.3%.
Balance Sheet Summary
Total assets. At June 30, 2026, total assets were $18.99 billion, compared with $18.66 billion at March 31, 2026, and $18.55 billion at June 30, 2025.
Loans. At June 30, 2026, gross loans totaled $15.03 billion, up 2%, equivalent to 8% annualized, from $14.74 billion at March 31, 2026, and up 4% from $14.45 billion at June 30, 2025. Second quarter 2026 average loans were $14.79 billion, up 1%, equivalent to 3% annualized, from $14.69 billion for the first quarter of 2026, and up 3% from $14.43 billion for the second quarter of 2025. Quarter-over-quarter and year-over-year loan growth was broad-based across the Company’s major lending portfolios of commercial and industrial, commercial real estate and residential mortgage.
____________________________
(3)
Noninterest income excluding notable items, noninterest expense 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 to 12.
The following table sets forth the loan portfolio composition at June 30, 2026, March 31, 2026, and June 30, 2025:
(dollars in thousands) (unaudited)
6/30/2026
3/31/2026
6/30/2025
Balance
Percentage
Balance
Percentage
Balance
Percentage
Commercial real estate (“CRE”) loans
$
8,583,967
57.1
%
$
8,498,246
57.7
%
$
8,385,764
58.0
%
Commercial and industrial (“C&I”) loans
3,896,116
25.9
%
3,734,978
25.3
%
3,729,962
25.8
%
Residential mortgage and other loans
2,554,104
17.0
%
2,503,919
17.0
%
2,334,816
16.2
%
Gross loans (including held for sale)
$
15,034,187
100.0
%
$
14,737,143
100.0
%
$
14,450,542
100.0
%
Deposits. Total deposits were $15.88 billion at June 30, 2026, up 1%, equivalent to 4% annualized, from $15.73 billion at March 31, 2026, and down 0.4% compared with $15.94 billion at June 30, 2025. Quarter-over-quarter, noninterest bearing demand deposits increased 5%; money market, interest bearing demand and savings deposits increased 1%, and time deposits decreased 1%. Compared with the year-ago quarter, noninterest bearing demand deposits increased 2%, while time deposits decreased 2%. The quarter-over-quarter and year-over-year decreases in time deposits were planned, to support continued reduction in the Bank’s cost of funds.
The following table sets forth the deposit composition at June 30, 2026, March 31, 2026, and June 30, 2025:
(dollars in thousands) (unaudited)
6/30/2026
3/31/2026
6/30/2025
Balance
Percentage
Balance
Percentage
Balance
Percentage
Noninterest bearing demand deposits
$
3,548,452
22.4
%
$
3,387,757
21.5
%
$
3,485,502
21.9
%
Money market, interest bearing demand, and savings deposits
6,079,728
38.3
%
6,036,197
38.4
%
6,102,999
38.3
%
Time deposits
6,248,363
39.3
%
6,302,488
40.1
%
6,354,854
39.8
%
Total deposits
$
15,876,543
100.0
%
$
15,726,442
100.0
%
$
15,943,355
100.0
%
Gross loan-to-deposit ratio
94.7
%
93.7
%
90.6
%
Credit Quality and Allowance for Credit Losses
Criticized loans. Overall credit quality remained stable quarter-over-quarter and improved meaningfully year-over-year. Criticized loans were $334.3 million at June 30, 2026, up $9.2 million, or 3%, quarter-over-quarter, and down $80.5 million, or 19%, year-over-year. The criticized loan ratio was 2.24% of total loans receivable at June 30, 2026, compared with 2.22% at March 31, 2026, and down 63 basis points from 2.87% at June 30, 2025.
Nonperforming assets. Nonperforming assets declined $7.7 million from the prior quarter to $112.9 million, or 0.59% of total assets, at June 30, 2026, compared with 0.65% of total assets at March 31, 2026, and 0.61% of total assets at June 30, 2025. The quarter-over-quarter improvement primarily reflected a reduction in accruing delinquent loans past due 90 days or more.
The following table sets forth the components of nonperforming assets at June 30, 2026, March 31, 2026, and June 30, 2025:
(dollars in thousands) (unaudited)
6/30/2026
3/31/2026
6/30/2025
Loans on nonaccrual status(1)
$
111,973
$
109,512
$
110,739
Accruing delinquent loans past due 90 days or more
515
10,642
2,149
Total nonperforming loans
112,488
120,154
112,888
Other real estate owned
365
365
—
Total nonperforming assets
$
112,853
$
120,519
$
112,888
Nonperforming assets/total assets
0.59 %
0.65 %
0.61 %
_____________________________________
(1)
Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $17.1 million, $19.4 million and $15.3 million at June 30, 2026, March 31, 2026, and June 30, 2025, respectively.
Net charge-offs. The Company recorded net charge-offs of $9.0 million for the second quarter of 2026, equivalent to 0.24%, annualized, of average loans. This compares with net charge-offs of $10.7 million, or 0.29%, annualized, of average loans for the first quarter of 2026, and $12.0 million, or 0.33%, annualized, of average loans for the second quarter of 2025.
Provision for credit losses. For the second quarter of 2026, the Company recorded a provision for credit losses of $6.8 million, compared with $8.7 million for the first quarter of 2026 and $11.1 million for the second quarter of 2025. The sequential quarter decrease in the provision for credit losses primarily reflected lower net charge-offs in the second quarter of 2026 compared with the prior quarter.
Allowance for credit losses. The allowance for credit losses totaled $153.2 million at June 30, 2026, compared with $155.1 million at March 31, 2026, and $149.5 million at June 30, 2025. The allowance coverage ratio was 1.03% of loans receivable at June 30, 2026, compared with 1.06% at March 31, 2026, and 1.04% at June 30, 2025.
The following table sets forth the allowance for credit losses and the coverage ratios at June 30, 2026, March 31, 2026, and June 30, 2025:
(dollars in thousands) (unaudited)
6/30/2026
3/31/2026
6/30/2025
Allowance for credit losses
$
153,218
$
155,114
$
149,505
Allowance for credit losses/loans receivable
1.03
%
1.06
%
1.04
%
Capital
At June 30, 2026, the capital ratios of 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, 2026, March 31, 2026, and June 30, 2025:
(unaudited)
6/30/2026
3/31/2026
6/30/2025
Minimum Guideline
for “Well-Capitalized”
Common Equity Tier 1 Capital Ratio
12.27%
12.36%
12.08%
6.50%
Tier 1 Capital Ratio
12.95%
13.05%
12.77%
8.00%
Total Capital Ratio
13.95%
14.07%
13.78%
10.00%
Leverage Ratio
11.07%
11.11%
10.58%
5.00%
Tangible Common Equity (“TCE”) Ratio(4)
9.58%
9.68%
9.44%
N/A
Year-to-date through June 30, 2026, the Company returned $44.6 million of capital to stockholders through cash dividends and common stock repurchases. Year-to-date in 2026, the Company repurchased 772,726 shares of common stock, equivalent to 0.6% of outstanding shares at December 31, 2025, at an average price of $11.25 per share, for a total of $8.7 million, pursuant to its existing $50.0 million share repurchase authorization. As of June 30, 2026, $26.6 million remained available under the authorization. The Company also returned capital to stockholders through quarterly common stock dividends of 14 cents per share declared in both the first and the second quarters of 2026.
At June 30, 2026, total stockholders’ equity was $2.30 billion, up 1% compared with December 31, 2025. Book value per share at June 30, 2026, was $17.97, up 1% compared with $17.81 at December 31, 2025. TCE per share(4) was $13.85 at June 30, 2026, up 1% compared with $13.71 at December 31, 2025.
____________________________
(4)
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 Pages 10 to 12.
Investor Conference Call
The Company previously announced that it will host an investor conference call on Monday, July 27, 2026, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review its unaudited financial results for its second quarter ended June 30, 2026. 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 855-669-9658 (domestic) or 412-317-0088 (international) for one week through August 3, 2026, with the replay access code 7252988.
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, 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, with $18.99 billion in total assets as of June 30, 2026. 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, California, 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 28 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 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”, “projects”, and similar expressions and statements regarding Hope Bancorp’s strategic initiatives, the pending acquisition of the Commercial Banking Unit of SMBC MANUBANK (“MANUBANK”), and Hope Bancorp’s future financial and operational results and capital allocation strategy. 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 pending acquisition of MANUBANK, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among other things: the failure of the conditions to closing to be satisfied or waived; difficulties and delays in integrating Hope Bancorp and MANUBANK 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, which may be greater than expected. The closing of the proposed transaction is subject to regulatory approvals and the satisfaction of other customary closing conditions. Other risks and uncertainties include, but are not limited to: possible deterioration of economic conditions in Hope Bancorp’s areas of operation and in the U.S. generally or elsewhere, including as a result of the interest rate environment, supply chain disruptions, inflation, labor shortages, changes in the housing and real estate markets, consumer confidence and spending habits; risk of adverse economic or political conditions in South Korea; interest rate risk associated with volatile interest rates and related asset‑liability matching risk; liquidity risks; the possibility that Hope Bancorp may discontinue or otherwise limit repurchases of its common stock; risk of significant non‑earning assets and net credit losses that could occur, particularly in times of weak economic conditions or rising interest rates; the failure of or changes to assumptions and estimates underlying Hope Bancorp’s allowance for credit losses; risk of natural disasters; risk of cybersecurity incidents; 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; and the impact of U.S. and global trade policies, including changes in, or the imposition of, tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom fluctuations in commodity prices such as oil, as well as geopolitical instability and international tensions. 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:
6/30/2026
3/31/2026
% change
6/30/2025
% change
Cash and due from banks
$
640,443
$
594,769
8
%
$
689,734
(7
)%
Investment securities
2,179,253
2,185,952
—
%
2,268,889
(4
)%
Federal Home Loan Bank (“FHLB”) stock and other investments
70,436
68,800
2
%
106,752
(34
)%
Gross loans, including loans held for sale
15,034,187
14,737,143
2
%
14,450,542
4
%
Allowance for credit losses
(153,218
)
(155,114
)
(1
)%
(149,505
)
2
%
Accrued interest receivable
53,592
53,734
0
%
53,589
0
%
Premises and equipment, net
69,968
68,621
2
%
69,141
1
%
Goodwill and intangible assets
526,890
528,021
0
%
525,428
0
%
Other assets
570,365
574,938
(1
)%
535,578
6
%
Total assets
$
18,991,916
$
18,656,864
2
%
$
18,550,148
2
%
Liabilities:
Deposits
$
15,876,543
$
15,726,442
1
%
$
15,943,355
0
%
FHLB and Federal Reserve Bank (“FRB”) borrowings
472,000
284,966
66
%
29,752
NM
Subordinated debentures and convertible notes, net
111,675
111,316
0
%
110,263
1
%
Accrued interest payable
63,865
68,399
(7
)%
72,004
(11
)%
Other liabilities
171,981
182,361
(6
)%
167,526
3
%
Total liabilities
$
16,696,064
$
16,373,484
2
%
$
16,322,900
2
%
Stockholders’ Equity:
Common stock, $0.001 par value
$
146
$
146
0
%
$
146
0
%
Additional paid-in capital
1,525,555
1,523,015
0
%
1,520,129
0
%
Retained earnings
1,199,120
1,183,986
1
%
1,143,044
5
%
Treasury stock, at cost
(273,384
)
(271,372
)
(1
)%
(264,667
)
(3
)%
Accumulated other comprehensive loss, net
(155,585
)
(152,395
)
(2
)%
(171,404
)
9
%
Total stockholders’ equity
2,295,852
2,283,380
1
%
2,227,248
3
%
Total liabilities and stockholders’ equity
$
18,991,916
$
18,656,864
2
%
$
18,550,148
2
%
Common stock shares – authorized
300,000,000
300,000,000
300,000,000
Common stock shares – outstanding
127,741,836
127,822,689
128,124,458
Treasury stock shares
18,155,561
17,986,996
17,382,835
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
Three Months Ended
Six Months Ended
6/30/2026
3/31/2026
% change
6/30/2025
% change
6/30/2026
6/30/2025
% change
Interest and fees on loans
$
211,378
$
205,919
3
%
$
211,363
0
%
$
417,297
$
406,324
3
%
Interest on investment securities
20,359
19,218
6
%
17,769
15
%
39,577
33,661
18
%
Interest on cash and deposits at other banks
3,808
3,778
1
%
8,783
(57
)%
7,586
13,988
(46
)%
Interest on other investments and FHLB dividends
632
1,229
(49
)%
1,177
(46
)%
1,861
2,285
(19
)%
Total interest income
236,177
230,144
3
%
239,092
(1
)%
466,321
456,258
2
%
Interest on deposits
101,785
101,455
0
%
118,852
(14
)%
203,240
232,437
(13
)%
Interest on borrowings
5,423
4,632
17
%
2,785
95
%
10,055
5,549
81
%
Total interest expense
107,208
106,087
1
%
121,637
(12
)%
213,295
237,986
(10
)%
Net interest income
128,969
124,057
4
%
117,455
10
%
253,026
218,272
16
%
Provision for credit losses
6,770
8,650
(22
)%
11,092
(39
)%
15,420
15,892
(3
)%
Net interest income after provision
122,199
115,407
6
%
106,363
15
%
237,606
202,380
17
%
Service fees on deposit accounts
3,395
3,335
2
%
3,106
9
%
6,730
6,027
12
%
Net gains on sales of SBA loans
4,447
3,266
36
%
3,998
11
%
7,713
7,129
8
%
Other customer driven income and fees
7,721
7,132
8
%
6,323
22
%
14,853
12,022
24
%
Net gains (losses) on sales of securities available for sale
1,172
604
94
%
(38,856
)
NM
1,776
(38,856
)
NM
Other noninterest income
2,115
2,630
(20
)%
2,473
(14
)%
4,745
6,410
(26
)%
Total noninterest income (loss)
18,850
16,967
11
%
(22,956
)
NM
35,817
(7,268
)
NM
Salaries and employee benefits
56,901
56,223
1
%
52,834
8
%
113,124
101,294
12
%
Occupancy, furniture and equipment
11,353
10,566
7
%
11,093
2
%
21,919
19,929
10
%
Software-related, data and item processing
10,350
9,853
5
%
9,210
12
%
20,203
16,160
25
%
Amortization of investments in affordable housing partnerships
2,554
2,474
3
%
2,430
5
%
5,028
4,391
15
%
FDIC assessment
2,783
2,814
(1
)%
2,488
12
%
5,597
4,990
12
%
FDIC special assessment expense (reversal)
—
(58
)
NM
—
0
%
(58
)
—
NM
Earned interest credit
2,501
2,383
5
%
3,310
(24
)%
4,884
6,397
(24
)%
Merger related costs
2,058
234
NM
17,281
NM
2,292
19,800
NM
Other noninterest expense
9,964
9,966
0
%
10,827
(8
)%
19,930
20,373
(2
)%
Total noninterest expense
98,464
94,455
4
%
109,473
(10
)%
192,919
193,334
0
%
Income (loss) before income taxes
42,585
37,919
12
%
(26,066
)
NM
80,504
1,778
4,428
%
Income tax provision (benefit)
9,554
8,379
14
%
(1,316
)
NM
17,933
5,432
230
%
Net income (loss)
$
33,031
$
29,540
12
%
$
(24,750
)
NM
$
62,571
$
(3,654
)
NM
Earnings (loss) per common share (“EPS”) – diluted
$
0.26
$
0.23
12
%
$
(0.19
)
NM
$
0.49
$
(0.03
)
NM
Weighted average shares outstanding – diluted
128,308,861
128,723,654
128,001,605
128,474,397
124,426,400
Hope Bancorp, Inc.
Selected Financial Data
Unaudited
Three Months Ended
Six Months Ended
Profitability measures (annualized, except as noted):
6/30/2026
3/31/2026
6/30/2025
6/30/2026
6/30/2025
Earnings (loss) per common share - diluted (not annualized)
$
0.26
$
0.23
$
(0.19
)
$
0.49
$
(0.03
)
Earnings (loss) per common share - diluted excluding notable items (not annualized) (1)
$
0.27
$
0.23
$
0.19
$
0.50
$
0.38
Return on average assets (“ROA”)
0.71
%
0.64
%
(0.53
)%
0.67
%
(0.04
)%
ROA excluding notable items(1)
0.74
%
0.64
%
0.53
%
0.69
%
0.53
%
Return on average equity (“ROE”)
5.76
%
5.14
%
(4.45
)%
5.45
%
(0.33
)%
ROE excluding notable items (1)
6.02
%
5.16
%
4.42
%
5.59
%
4.34
%
Return on average tangible common equity (“ROTCE”)(1)
7.48
%
6.66
%
(5.83
)%
7.07
%
(0.43
)%
ROTCE excluding notable items (1)
7.81
%
6.69
%
5.79
%
7.25
%
5.62
%
Net interest margin
2.96
%
2.90
%
2.69
%
2.93
%
2.62
%
Efficiency ratio (not annualized)
66.61
%
66.98
%
115.85
%
66.79
%
91.63
%
Efficiency ratio excluding notable items (not annualized)(1)
65.22
%
66.85
%
69.13
%
66.02
%
69.45
%
(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
6/30/2026
3/31/2026
6/30/2025
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
$
14,790,642
$
211,378
5.73
%
$
14,689,516
$
205,919
5.69
%
$
14,427,785
$
211,363
5.88
%
Investment securities
2,221,334
20,359
3.68
%
2,149,595
19,218
3.63
%
2,192,533
17,769
3.25
%
Interest earning cash and deposits at other banks
420,971
3,808
3.63
%
437,990
3,778
3.50
%
807,979
8,783
4.36
%
FHLB stock and other investments
51,839
632
4.89
%
51,682
1,229
9.64
%
98,052
1,177
4.81
%
Total interest earning assets
$
17,484,786
$
236,177
5.42
%
$
17,328,783
$
230,144
5.39
%
$
17,526,349
$
239,092
5.47
%
INTEREST BEARING LIABILITIES:
Deposits:
Money market, interest bearing demand and savings
$
6,085,142
$
43,728
2.88
%
$
5,862,722
$
41,422
2.87
%
$
6,278,578
$
51,884
3.31
%
Time deposits
6,244,929
58,057
3.73
%
6,357,880
60,033
3.83
%
6,353,525
66,968
4.23
%
Total interest bearing deposits
12,330,071
101,785
3.31
%
12,220,602
101,455
3.37
%
12,632,103
118,852
3.77
%
FHLB and FRB borrowings
357,510
3,180
3.57
%
284,936
2,408
3.43
%
48,671
364
3.00
%
Subordinated debentures and convertible notes
107,550
2,243
8.25
%
107,198
2,224
8.30
%
106,150
2,421
9.02
%
Total interest bearing liabilities
$
12,795,131
$
107,208
3.36
%
$
12,612,736
$
106,087
3.41
%
$
12,786,924
$
121,637
3.82
%
Noninterest bearing demand deposits
3,362,934
3,347,070
3,464,085
Total funding liabilities/cost of funds
$
16,158,065
2.66
%
$
15,959,806
2.70
%
$
16,251,009
3.00
%
Net interest income/net interest spread
$
128,969
2.06
%
$
124,057
1.98
%
$
117,455
1.65
%
Net interest margin
2.96
%
2.90
%
2.69
%
Cost of deposits:
Noninterest bearing demand deposits
$
3,362,934
$
—
—
%
$
3,347,070
$
—
—
%
$
3,464,085
$
—
—
%
Interest bearing deposits
12,330,071
101,785
3.31
%
12,220,602
101,455
3.37
%
12,632,103
118,852
3.77
%
Total deposits
$
15,693,005
$
101,785
2.60
%
$
15,567,672
$
101,455
2.64
%
$
16,096,188
$
118,852
2.96
%
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
Six Months Ended
6/30/2026
6/30/2025
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
$
14,740,359
$
417,297
5.71
%
$
13,944,180
$
406,324
5.88
%
Investment securities
2,185,663
39,577
3.65
%
2,138,471
33,661
3.17
%
Interest earning cash and deposits at other banks
429,433
7,586
3.56
%
653,106
13,988
4.32
%
FHLB stock and other investments
51,761
1,861
7.25
%
92,589
2,285
4.98
%
Total interest earning assets
$
17,407,216
$
466,321
5.40
%
$
16,828,346
$
456,258
5.47
%
INTEREST BEARING LIABILITIES:
Deposits:
Money market, interest bearing demand and savings
$
5,974,547
$
85,150
2.87
%
$
5,867,886
$
102,503
3.52
%
Time deposits
6,301,092
118,090
3.78
%
6,015,687
129,934
4.36
%
Total interest bearing deposits
12,275,639
203,240
3.34
%
11,883,573
232,437
3.94
%
FHLB and FRB borrowings
321,423
5,588
3.51
%
84,835
720
1.71
%
Subordinated debentures and convertible notes
107,375
4,467
8.27
%
105,983
4,829
9.06
%
Total interest bearing liabilities
$
12,704,437
$
213,295
3.39
%
$
12,074,391
$
237,986
3.97
%
Noninterest bearing demand deposits
3,355,046
3,404,738
Total funding liabilities/cost of funds
$
16,059,483
2.68
%
$
15,479,129
3.10
%
Net interest income/net interest spread
$
253,026
2.01
%
$
218,272
1.50
%
Net interest margin
2.93
%
2.62
%
Cost of deposits:
Noninterest bearing demand deposits
$
3,355,046
$
—
—
%
$
3,404,738
$
—
—
%
Interest bearing deposits
12,275,639
203,240
3.34
%
11,883,573
232,437
3.94
%
Total deposits
$
15,630,685
$
203,240
2.62
%
$
15,288,311
$
232,437
3.07
%
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
Three Months Ended
Six Months Ended
AVERAGE BALANCES:
6/30/2026
3/31/2026
% change
6/30/2025
% change
6/30/2026
6/30/2025
% change
Gross loans, including loans held for sale
$
14,790,642
$
14,689,516
1
%
$
14,427,785
3
%
$
14,740,359
$
13,944,180
6
%
Interest earning assets
17,484,786
17,328,783
1
%
17,526,349
0
%
17,407,216
16,828,346
3
%
Goodwill and intangible assets
527,594
525,532
0
%
525,048
0
%
526,569
496,002
6
%
Total assets
18,707,236
18,521,103
1
%
18,728,721
0
%
18,614,684
17,911,091
4
%
Noninterest bearing demand deposits
3,362,934
3,347,070
0
%
3,464,085
(3
)%
3,355,046
3,404,738
(1
)%
Interest bearing deposits
12,330,071
12,220,602
1
%
12,632,103
(2
)%
12,275,639
11,883,573
3
%
Total deposits
15,693,005
15,567,672
1
%
16,096,188
(3
)%
15,630,685
15,288,311
2
%
Stockholders’ equity
2,293,446
2,299,203
0
%
2,224,489
3
%
2,296,309
2,186,495
5
%
End of Period
LOAN PORTFOLIO:
6/30/2026
3/31/2026
% change
6/30/2025
% change
Loans receivable (held for investment)
$
14,941,520
$
14,639,689
2
%
$
14,438,491
3
%
Loans held for sale
92,667
97,454
(5
)%
12,051
NM
Gross loans
$
15,034,187
$
14,737,143
2
%
$
14,450,542
4
%
End of Period
CRE LOANS HELD FOR INVESTMENT BY
PROPERTY TYPE:
6/30/2026
3/31/2026
% change
6/30/2025
% change
Multi-tenant retail
$
1,585,528
$
1,586,993
0
%
$
1,589,994
0
%
Industrial warehouses
1,303,250
1,282,413
2
%
1,260,991
3
%
Gas stations and car washes
1,177,756
1,160,481
1
%
1,106,007
6
%
Multifamily
1,171,422
1,189,481
(2
)%
1,211,785
(3
)%
Hotels/motels
820,725
826,422
(1
)%
754,449
9
%
Mixed-use facilities
728,108
677,227
8
%
671,144
8
%
Single-tenant retail
631,319
648,494
(3
)%
647,374
(2
)%
Office
348,708
331,939
5
%
340,329
2
%
All other
749,908
754,223
(1
)%
803,691
(7
)%
Total CRE loans
$
8,516,724
$
8,457,673
1
%
$
8,385,764
2
%
End of Period
DEPOSIT COMPOSITION:
6/30/2026
3/31/2026
% change
6/30/2025
% change
Noninterest bearing demand deposits
$
3,548,452
$
3,387,757
5
%
$
3,485,502
2
%
Money market, interest bearing demand, and savings
6,079,728
6,036,197
1
%
6,102,999
0
%
Time deposits
6,248,363
6,302,488
(1
)%
6,354,854
(2
)%
Total deposits
$
15,876,543
$
15,726,442
1
%
$
15,943,355
0
%
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
CAPITAL & CAPITAL RATIOS:
6/30/2026
3/31/2026
6/30/2025
Total stockholders’ equity
$
2,295,852
$
2,283,380
$
2,227,248
Total capital
$
2,183,849
$
2,171,355
$
2,095,343
Common equity tier 1 ratio
12.27
%
12.36
%
12.08
%
Tier 1 capital ratio
12.95
%
13.05
%
12.77
%
Total capital ratio
13.95
%
14.07
%
13.78
%
Leverage ratio
11.07
%
11.11
%
10.58
%
Total risk weighted assets
$
15,658,083
$
15,428,025
$
15,209,212
Book value per common share
$
17.97
$
17.86
$
17.38
Tangible common equity (“TCE”) per share (1)
$
13.85
$
13.73
$
13.28
TCE ratio(1)
9.58
%
9.68
%
9.44
%
(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
Six Months Ended
6/30/2026
3/31/2026
12/31/2025
9/30/2025
6/30/2025
6/30/2026
6/30/2025
Balance at beginning of period
$
155,114
$
156,661
$
152,509
$
149,505
$
147,412
$
156,661
$
150,527
Initial allowance for purchased credit deteriorated (“PCD”) loans and purchased seasoned loans (“PSL”) acquired (2)
—
—
—
—
3,971
—
3,971
Provision for losses on loans
7,100
9,200
7,800
8,100
10,092
16,300
15,292
Recoveries
203
322
1,694
1,517
2,844
525
3,077
Charge offs
(9,199
)
(11,069
)
(5,342
)
(6,613
)
(14,814
)
(20,268
)
(23,362
)
Balance at end of period
$
153,218
$
155,114
$
156,661
$
152,509
$
149,505
$
153,218
$
149,505
(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.
6/30/2026
3/31/2026
12/31/2025
9/30/2025
6/30/2025
Allowance for unfunded loan commitments
$
2,453
$
2,783
$
3,333
$
3,933
$
3,323
Three Months Ended
Six Months Ended
6/30/2026
3/31/2026
12/31/2025
9/30/2025
6/30/2025
6/30/2026
6/30/2025
Provision for losses on loans
$
7,100
$
9,200
$
7,800
$
8,100
$
10,092
$
16,300
$
15,292
(Credit) provision for unfunded loan commitments
(330
)
(550
)
(600
)
610
1,000
(880
)
600
Provision for credit losses
$
6,770
$
8,650
$
7,200
$
8,710
$
11,092
$
15,420
$
15,892
Three Months Ended
Six Months Ended
NET CHARGE OFFS (RECOVERIES):
6/30/2026
3/31/2026
12/31/2025
9/30/2025
6/30/2025
6/30/2026
6/30/2025
CRE loans
$
389
$
817
$
(1,467
)
$
(933
)
$
(843
)
$
1,206
$
56
C&I loans
8,656
9,931
5,169
5,978
11,829
18,587
19,213
Residential mortgage and other loans
(49
)
(1
)
(54
)
51
984
(50
)
1,016
Net charge offs
$
8,996
$
10,747
$
3,648
$
5,096
$
11,970
$
19,743
$
20,285
Net charge offs/average loans (annualized)
0.24
%
0.29
%
0.10
%
0.14
%
0.33
%
0.27
%
0.29
%
NONPERFORMING ASSETS:
6/30/2026
3/31/2026
12/31/2025
9/30/2025
6/30/2025
Loans on nonaccrual status(1)
$
111,973
$
109,512
$
131,747
$
110,010
$
110,739
Accruing delinquent loans past due 90 days or more
515
10,642
3,943
2,149
2,149
Total nonperforming loans
112,488
120,154
135,690
112,159
112,888
Other real estate owned (“OREO”)
365
365
365
—
—
Total nonperforming assets
$
112,853
$
120,519
$
136,055
$
112,159
$
112,888
Nonperforming assets/total assets
0.59
%
0.65
%
0.73
%
0.61
%
0.61
%
Nonperforming loans/loans receivable
0.75
%
0.82
%
0.92
%
0.77
%
0.78
%
Nonaccrual loans/loans receivable
0.75
%
0.75
%
0.90
%
0.75
%
0.77
%
Allowance for credit losses/loans receivable
1.03
%
1.06
%
1.07
%
1.05
%
1.04
%
Allowance for credit losses/nonperforming loans
136.21
%
129.10
%
115.46
%
135.98
%
132.44
%
(1)
Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $17.1 million, $19.4 million, $15.6 million, $15.3 million, and $15.3 million, at June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, respectively.
NONACCRUAL LOANS BY TYPE:
6/30/2026
3/31/2026
12/31/2025
9/30/2025
6/30/2025
CRE loans
$
63,647
$
52,920
$
65,106
$
54,016
$
55,368
C&I loans
31,724
42,538
53,136
45,494
46,945
Residential mortgage and other loans
16,602
14,054
13,505
10,500
8,426
Total nonaccrual loans
$
111,973
$
109,512
$
131,747
$
110,010
$
110,739
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE:
6/30/2026
3/31/2026
12/31/2025
9/30/2025
6/30/2025
30 - 59 days past due
$
11,700
$
29,621
$
19,056
$
15,788
$
4,909
60 - 89 days past due
7,306
59
4,244
5,117
2,843
Total accruing delinquent loans 30-89 days past due
$
19,006
$
29,680
$
23,300
$
20,905
$
7,752
ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE BY TYPE:
6/30/2026
3/31/2026
12/31/2025
9/30/2025
6/30/2025
CRE loans
$
15,917
$
11,819
$
12,064
$
14,872
$
4,377
C&I loans
810
604
2,209
3,356
1,084
Residential mortgage and other loans
2,279
17,257
9,027
2,677
2,291
Total accruing delinquent loans 30-89 days past due
$
19,006
$
29,680
$
23,300
$
20,905
$
7,752
CRITICIZED LOANS:
6/30/2026
3/31/2026
12/31/2025
9/30/2025
6/30/2025
Special mention loans
$
128,994
$
72,668
$
94,003
$
131,384
$
137,313
Classified loans
205,283
252,410
257,113
241,483
277,418
Total criticized loans
$
334,277
$
325,078
$
351,116
$
372,867
$
414,731
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”)
6/30/2026
3/31/2026
6/30/2025
Total stockholders’ equity
$
2,295,852
$
2,283,380
$
2,227,248
Goodwill and core deposit intangible assets, net
(526,890
)
(528,021
)
(525,428
)
TCE
$
1,768,962
$
1,755,359
$
1,701,820
Total assets
$
18,991,916
$
18,656,864
$
18,550,148
Goodwill and core deposit intangible assets, net
(526,890
)
(528,021
)
(525,428
)
Tangible assets
$
18,465,026
$
18,128,843
$
18,024,720
TCE ratio (TCE / tangible assets)
9.58
%
9.68
%
9.44
%
Common shares outstanding
127,741,836
127,822,689
128,124,458
Book value per share (GAAP)
$
17.97
$
17.86
$
17.38
TCE per share
$
13.85
$
13.73
$
13.28
Three Months Ended
Six Months Ended
RETURN ON AVERAGE TANGIBLE COMMON EQUITY (“ROTCE”)
6/30/2026
3/31/2026
6/30/2025
6/30/2026
6/30/2025
Average stockholders’ equity
$
2,293,446
$
2,299,203
$
2,224,489
$
2,296,309
$
2,186,495
Average goodwill and core deposit intangible assets, net
(527,594
)
(525,532
)
(525,048
)
(526,569
)
(496,002
)
Average TCE
$
1,765,852
$
1,773,671
$
1,699,441
$
1,769,740
$
1,690,493
Net income (loss) (GAAP)
$
33,031
$
29,540
$
(24,750
)
$
62,571
$
(3,654
)
ROTCE (annualized)
7.48
%
6.66
%
(5.83
)%
7.07
%
(0.43
)%
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
Three Months Ended
Six Months Ended
PRE-PROVISION NET REVENUE (“PPNR”)
6/30/2026
3/31/2026
% change
6/30/2025
% change
6/30/2026
6/30/2025
% change
Net interest income
$
128,969
$
124,057
4
%
$
117,455
10
%
$
253,026
$
218,272
16
%
Noninterest income
18,850
16,967
11
%
(22,956
)
NM
35,817
(7,268
)
NM
Revenue
147,819
141,024
5
%
94,499
56
%
288,843
211,004
37
%
Less: Noninterest expense
98,464
94,455
4
%
109,473
(10
)%
192,919
193,334
—
%
PPNR
$
49,355
$
46,569
6
%
$
(14,974
)
NM
$
95,924
$
17,670
443
%
Notable items:
Loss on investment portfolio repositioning
$
—
$
—
$
38,856
$
—
$
38,856
FDIC special assessment expense (reversal)
—
(58
)
—
(58
)
—
Merger related costs
2,058
234
17,281
2,292
19,800
Total notable items included in PPNR
2,058
176
56,137
2,234
58,656
PPNR, excluding notable items
$
51,413
$
46,745
10
%
$
41,163
25
%
$
98,158
$
76,326
29
%
Three Months Ended
Six Months Ended
PROFITABILITY EXCLUDING NOTABLE ITEMS
6/30/2026
3/31/2026
% change
6/30/2025
% change
6/30/2026
6/30/2025
% change
Net income (loss) (GAAP)
$
33,031
$
29,540
12
%
$
(24,750
)
NM
$
62,571
$
(3,654
)
NM
Notable items:
Merger-related provision for credit losses
—
—
553
—
553
Loss on investment portfolio repositioning
—
—
38,856
—
38,856
FDIC special assessment expense (reversal)
—
(58
)
—
(58
)
—
Merger related costs
2,058
234
17,281
2,292
19,800
Total notable items included in pre-tax income
2,058
176
56,690
2,234
59,209
Tax effect on notable items in pre-tax income
(590
)
(50
)
(12,221
)
(640
)
(12,962
)
Notable impact from California state tax apportionment law change
—
—
4,878
—
4,878
Total notable items, net of tax
1,468
126
49,347
1,594
51,125
Net income excluding notable items
$
34,499
$
29,666
16
%
$
24,597
40
%
$
64,165
$
47,471
35
%
Diluted common shares
128,308,861
128,723,654
128,001,605
128,474,397
124,426,400
EPS excluding notable items
$
0.27
$
0.23
17
%
$
0.19
40
%
$
0.50
$
0.38
31
%
Average assets
$
18,707,236
$
18,521,103
$
18,728,721
$
18,614,684
$
17,911,091
ROA excluding notable items (annualized)
0.74
%
0.64
%
0.53
%
0.69
%
0.53
%
Average equity
$
2,293,446
$
2,299,203
$
2,224,489
$
2,296,309
$
2,186,495
ROE excluding notable items (annualized)
6.02
%
5.16
%
4.42
%
5.59
%
4.34
%
Average TCE
$
1,765,852
$
1,773,671
$
1,699,441
$
1,769,740
$
1,690,493
ROTCE excluding notable items (annualized)
7.81
%
6.69
%
5.79
%
7.25
%
5.62
%
Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
Three Months Ended
Six Months Ended
NONINTEREST INCOME EXCLUDING NOTABLE ITEMS
6/30/2026
3/31/2026
6/30/2025
6/30/2026
6/30/2025
Noninterest income (loss)
$
18,850
$
16,967
$
(22,956
)
$
35,817
$
(7,268
)
Notable items:
Loss on investment portfolio repositioning
—
—
38,856
—
38,856
Noninterest income excluding notable items
$
18,850
$
16,967
$
15,900
$
35,817
$
31,588
Three Months Ended
Six Months Ended
EFFICIENCY RATIO EXCLUDING NOTABLE ITEMS
6/30/2026
3/31/2026
6/30/2025
6/30/2026
6/30/2025
Noninterest expense
$
98,464
$
94,455
$
109,473
$
192,919
$
193,334
Notable items:
FDIC special assessment expense reversal
—
58
—
58
—
Merger related costs
(2,058
)
(234
)
(17,281
)
(2,292
)
(19,800
)
Noninterest expense excluding notable items
$
96,406
$
94,279
$
92,192
$
190,685
$
173,534
Revenue
$
147,819
$
141,024
$
94,499
$
288,843
$
211,004
Notable items:
Loss on investment portfolio repositioning
—
—
38,856
—
38,856
Revenue excluding notable items
$
147,819
$
141,024
$
133,355
$
288,843
$
249,860
Efficiency ratio excluding notable items
65.22
%
66.85
%
69.13
%
66.02
%
69.45
%
Three Months Ended
Six Months Ended
EFFECTIVE TAX RATE EXCLUDING NOTABLE ITEMS
6/30/2026
3/31/2026
6/30/2025
6/30/2026
6/30/2025
Income (loss) before income taxes
$
42,585
$
37,919
$
(26,066
)
$
80,504
$
1,778
Notable items before tax effect
2,058
176
56,690
2,234
59,209
Income before tax excluding notable items
$
44,643
$
38,095
$
30,624
$
82,738
$
60,987
GAAP income tax provision (benefit)
$
9,554
$
8,379
$
(1,316
)
$
17,933
$
5,432
Tax effect on notable items in pre-tax income
590
50
12,221
640
12,962
Notable impact from California state tax apportionment law change
—
—
(4,878
)
—
(4,878
)
Income tax provision excluding notable items
$
10,144
$
8,429
$
6,027
$
18,573
$
13,516
Effective tax rate excluding notable items
22.72
%
22.13
%
19.68
%
22.45
%
22.16
%
Source: Hope Bancorp, Inc.