Hope bancorp inc (HOPE)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
INTEREST INCOME:
Interest and fees on loans

154,230

152,795

158,115

158,627

158,136

156,606

153,366

146,188

137,943

141,129

136,822

128,515

123,294

125,791

112,132

77,086

77,118

76,806

73,650

71,249

69,639

70,999

72,437

71,687

68,694

70,435

67,747

65,473

63,029

63,107

61,553

62,504

63,419

44,417

34,902

33,150

33,085

33,444

33,510

Interest on securities

10,609

10,737

11,373

11,866

12,319

12,385

11,957

10,899

10,101

10,523

9,540

8,741

8,113

7,391

6,645

5,729

5,677

5,543

4,658

4,203

4,207

3,912

3,999

4,078

4,095

3,908

3,802

3,526

3,427

3,540

3,782

4,249

4,909

3,763

3,843

3,965

3,930

3,438

2,884

Interest on other investments

2,029

2,241

2,929

2,973

2,675

3,035

2,503

2,823

2,366

1,533

1,281

1,277

1,336

2,205

775

719

666

623

751

1,623

708

855

648

688

565

573

486

380

287

285

120

190

227

300

182

179

179

248

199

Total interest income

166,868

165,773

172,417

173,466

173,130

172,026

167,826

159,910

150,410

153,185

147,643

138,533

132,743

135,387

119,552

83,534

83,461

82,972

79,059

77,075

74,554

75,766

77,084

76,453

73,354

74,916

72,035

69,379

66,743

66,932

65,455

66,943

68,555

48,480

38,927

37,294

37,194

37,130

36,593

INTEREST EXPENSE:
Interest on deposits

41,113

45,428

49,057

48,826

46,847

42,477

37,022

30,610

24,849

21,901

20,376

18,114

14,511

14,815

13,017

10,352

9,907

9,298

8,390

7,970

7,754

7,797

7,419

7,272

6,690

6,307

5,959

5,647

5,408

5,492

5,214

5,245

5,403

5,047

4,977

5,090

5,131

5,968

6,279

Interest on FHLB advances

2,647

2,921

3,112

3,384

2,614

3,674

3,703

3,681

4,069

3,531

2,698

2,338

2,139

2,190

2,161

1,686

1,523

1,507

1,514

1,327

1,297

1,350

1,373

1,311

1,211

1,206

1,251

1,218

1,224

1,397

1,603

1,603

1,626

2,352

2,438

2,412

2,572

3,045

3,012

Interest on other borrowings and convertible notes

3,817

3,916

3,990

4,035

4,061

3,982

3,954

2,800

1,424

1,361

1,306

1,261

1,188

1,172

900

432

424

400

394

387

380

385

385

380

487

527

465

411

395

397

407

593

667

530

459

461

608

507

494

Total interest expense

47,577

52,265

56,159

56,245

53,522

50,133

44,679

37,091

30,342

26,793

24,380

21,713

17,838

18,177

16,078

12,470

11,854

11,205

10,298

9,684

9,431

9,532

9,177

8,963

8,388

8,040

7,675

7,276

7,027

7,286

7,224

7,441

7,696

7,929

7,874

7,963

8,311

9,520

9,785

NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES

119,291

113,508

116,258

117,221

119,608

121,893

123,147

122,819

120,068

126,392

123,263

116,820

114,905

117,210

103,474

71,064

71,607

71,767

68,761

67,391

65,123

66,234

67,907

67,490

64,966

66,876

64,360

62,103

59,716

59,646

58,231

59,502

60,859

40,551

31,053

29,331

28,883

27,610

26,808

Financing Receivable, Credit Loss, Expense (Reversal)

28,000

1,000

2,100

1,200

3,000

2,800

7,300

2,300

2,500

3,600

5,400

2,760

5,600

800

6,500

1,200

500

4,900

600

1,000

1,500

2,360

4,256

2,996

3,026

10,950

744

800

7,506

2,422

6,900

7,182

2,600

9,147

3,483

10,047

5,262

11,100

42,323

NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES

91,291

112,508

114,158

116,021

116,608

119,093

115,847

120,519

117,568

122,792

117,863

114,060

109,305

116,410

96,974

69,864

71,107

66,867

68,161

66,391

63,623

63,874

63,651

64,494

61,940

55,926

63,616

61,303

52,210

57,224

51,331

52,320

58,259

31,404

27,570

19,284

23,621

16,510

-15,515

NONINTEREST INCOME:
Service fees on deposit accounts

4,133

4,510

4,690

4,416

4,317

4,568

4,569

4,613

4,801

4,951

5,151

5,179

5,338

5,601

4,778

2,902

2,683

2,944

3,170

3,030

3,062

3,398

3,456

3,360

3,472

3,720

3,321

2,922

2,875

2,916

3,121

3,269

3,160

2,108

1,352

1,413

1,497

1,637

1,572

International service fees

790

780

1,193

1,020

933

919

1,220

1,212

1,020

1,160

1,107

1,119

1,108

1,091

1,010

816

776

791

838

1,005

814

854

958

1,113

1,004

1,216

1,196

1,266

1,238

1,228

1,183

1,403

1,224

783

603

669

570

633

613

Loan servicing fees, net

365

659

189

738

730

1,255

852

1,010

1,579

1,331

1,373

1,291

1,438

1,285

955

589

690

760

800

855

720

855

798

610

965

941

1,004

1,041

969

934

1,031

810

1,337

188

464

418

463

492

443

Wire transfer fees

998

1,100

1,058

1,311

1,089

1,250

1,227

1,250

1,207

1,241

1,287

1,343

1,186

1,361

1,158

893

914

997

1,001

871

763

868

876

919

905

960

916

887

816

901

833

775

741

542

343

348

322

289

302

Net gains on sales of SBA loans

-

-

0

0

-

447

2,331

3,480

3,450

2,626

3,631

3,267

3,250

3,660

230

3,035

1,825

3,112

3,390

3,119

3,044

4,063

3,578

2,811

2,722

2,699

2,827

3,295

2,694

2,754

0

2,463

2,963

1,017

823

4,354

1,160

308

329

Net gains on sales of other loans

1,855

1,876

804

1,066

741

381

477

431

1,196

1,308

847

352

420

1,401

1,476

43

0

17

26

45

182

0

0

0

0

0

0

19

43

6

0

146

0

-

-30

0

-

3,725

650

Debt Securities, Available-for-sale, Realized Gain (Loss), Excluding Other-than-temporary Impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

948

-

-

0

0

0

424

0

0

0

0

0

0

0

54

0

133

0

816

1,219

64

6

0

4

96

Net gains on sales and calls of securities available for sale

-

-

153

129

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income and fees

5,123

4,054

4,908

3,607

3,612

2,794

2,771

3,273

6,597

3,533

2,850

3,564

4,863

3,790

3,591

2,429

1,887

2,356

1,958

1,558

2,039

1,659

1,674

1,648

1,621

1,769

1,583

1,199

1,249

1,401

1,364

1,354

1,340

694

534

557

507

539

517

Total noninterest income

13,264

12,979

12,995

12,287

11,422

11,614

13,447

15,269

19,850

16,451

16,246

16,115

17,603

18,191

14,146

10,707

8,775

10,977

11,183

10,483

11,048

11,231

11,369

10,492

11,095

11,362

10,799

10,618

9,940

9,859

7,664

10,222

11,645

6,678

4,258

7,684

4,510

7,339

3,460

NONINTEREST EXPENSE:
Salaries and employee benefits

42,502

39,841

41,607

39,297

40,429

36,594

36,969

40,575

39,385

39,570

35,987

34,946

34,166

34,162

30,456

21,757

21,569

21,329

21,457

20,932

21,181

19,274

19,346

18,143

18,938

17,719

16,535

16,219

16,332

14,143

13,611

14,658

14,079

9,193

7,657

7,625

7,154

6,258

5,977

Occupancy

7,410

7,516

7,703

7,839

7,677

7,877

7,837

7,418

7,239

7,108

7,131

7,154

7,194

7,948

6,889

4,920

4,817

4,948

4,941

4,810

4,692

5,070

4,722

4,715

4,623

4,470

4,360

4,835

4,011

3,843

3,910

4,232

3,646

4,471

2,480

2,445

2,437

2,470

2,424

Furniture and equipment

4,259

4,260

3,851

4,026

3,446

3,448

3,710

4,023

3,721

4,032

3,642

3,556

3,413

3,805

3,297

2,337

2,287

2,330

2,329

2,323

2,263

2,190

1,916

2,012

2,014

1,895

1,728

1,613

1,573

1,482

1,495

1,468

1,218

1,180

984

934

935

952

884

Advertising and marketing

1,673

2,462

2,377

2,245

2,062

2,392

1,986

2,737

2,299

2,246

2,217

2,394

3,424

2,476

2,306

1,402

1,136

906

1,309

1,484

1,391

1,295

1,535

1,508

1,088

1,328

1,393

1,190

1,273

934

1,159

1,525

1,458

959

354

594

579

527

612

Data processing and communications

2,631

2,416

2,821

2,587

2,956

3,650

3,513

3,574

3,495

2,676

3,221

2,676

3,606

3,904

3,199

2,129

2,171

2,175

2,192

2,463

2,349

2,269

2,206

2,299

2,122

2,107

1,983

1,861

1,644

1,521

1,659

1,573

1,611

1,194

813

923

983

951

1,051

Professional fees

3,300

5,948

5,241

5,959

5,380

4,756

3,950

4,474

3,106

4,553

3,239

3,260

3,902

2,302

1,898

1,273

1,083

1,619

1,289

1,253

1,424

1,687

1,567

1,315

1,313

1,010

1,440

1,443

1,301

1,324

876

1,069

613

881

612

769

709

627

756

Investments in affordable housing partnerships expenses

2,551

1,689

2,334

2,388

2,881

3,466

3,357

2,613

2,630

5,844

2,803

3,055

2,160

-

1,457

271

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

FDIC assessments

1,559

772

0

1,559

1,551

1,406

1,788

1,611

1,767

1,897

1,262

1,004

1,010

468

1,564

1,095

1,038

1,040

1,027

909

1,112

1,115

1,135

1,080

1,023

939

818

858

694

710

644

51

1,037

1,198

983

877

1,289

1,171

1,191

Credit related expenses

1,662

1,717

1,031

1,549

678

507

658

926

772

1,073

-2,487

113

1,883

812

810

911

421

325

75

669

855

-1,092

3,531

3,016

1,421

-696

2,646

2,203

1,715

1,927

2,613

2,290

2,180

1,174

867

1,004

744

1,483

1,742

OREO expense (income), net

843

-122

-743

83

-152

302

-56

45

-104

237

678

1,188

997

1,354

-423

133

1,428

-154

-721

1,221

1,177

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net valuation gains on interest rate swaps and caps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

11

10

3

6

-3

-106

-11

-226

-495

Gains (Losses) on Sales of Other Real Estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

31

406

-45

-48

-11

2

-292

-12

-8

61

58

108

25

2

-62

-567

Merger and integration expense

-

-

-

-

-

-

-

-

-

12

260

562

947

2,952

11,222

1,533

1,207

1,438

24

26

52

-

-

-

173

2,540

931

385

1,305

505

183

1,348

1,773

3,247

574

381

511

0

-

Other

3,750

3,930

3,773

3,839

3,925

4,124

3,743

3,633

4,143

3,780

3,884

4,129

4,997

4,177

5,171

2,587

2,892

1,541

2,833

2,523

2,581

1,407

3,462

3,651

3,560

3,825

3,912

3,822

3,427

3,759

2,620

2,863

2,820

1,954

1,493

1,334

1,354

1,254

1,330

Total noninterest expense

72,140

70,429

69,995

71,371

70,833

70,189

67,455

71,629

68,453

73,028

61,837

64,037

67,699

66,732

67,846

40,348

40,049

38,939

36,755

38,613

39,077

38,190

39,420

37,739

36,275

38,170

35,746

34,429

33,275

30,609

28,770

31,077

30,435

31,836

16,817

16,886

16,695

15,693

15,967

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

32,400

55,050

57,200

56,900

57,200

60,481

61,800

64,200

69,000

66,215

72,272

66,138

59,209

67,869

43,274

40,223

39,833

38,905

42,589

38,261

35,594

36,915

35,600

37,247

36,760

29,118

38,669

37,492

28,875

36,474

30,225

31,465

39,469

6,246

15,011

10,082

11,436

8,156

-28,022

Income Tax Expense (Benefit)

6,500

12,010

14,600

14,300

14,400

16,059

15,500

16,600

17,733

48,231

27,708

25,451

22,999

27,240

17,169

16,833

16,210

16,038

17,497

15,320

14,236

14,228

14,180

14,935

14,564

11,047

15,117

14,821

11,414

14,947

11,827

12,101

15,535

2,010

5,196

3,764

4,690

3,056

-12,145

Net Income (Loss) Attributable to Parent

25,953

43,009

42,592

42,681

42,758

44,449

46,378

47,530

51,232

17,984

44,564

40,687

36,210

40,629

26,105

23,390

23,623

22,867

25,092

22,941

21,358

22,687

21,420

22,312

22,196

18,071

23,552

22,671

17,461

21,527

18,398

19,364

23,934

4,236

9,815

6,318

6,746

5,100

-15,877

DIVIDENDS AND DISCOUNT ACCRETION ON PREFERRED STOCK

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,771

1,869

1,341

1,077

1,075

1,075

1,073

1,073

NET INCOME AVAILABLE TO COMMON STOCKHOLDERS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,527

18,398

15,593

22,065

2,895

8,738

5,243

5,671

4,027

-16,950

Earnings Per Share [Abstract]
Earnings Per Share, Basic

0.21

0.33

0.34

0.34

0.34

0.34

0.36

0.36

0.38

0.13

0.33

0.30

0.27

0.29

0.22

0.29

0.30

0.28

0.32

0.29

0.27

0.28

0.27

0.28

0.28

0.22

0.30

0.29

0.22

0.27

0.24

0.20

0.28

0.01

0.23

0.14

0.15

0.11

-0.45

Earnings Per Share, Diluted

0.21

0.33

0.34

0.34

0.34

0.34

0.36

0.36

0.38

0.13

0.33

0.30

0.27

0.29

0.22

0.29

0.30

0.28

0.32

0.29

0.27

0.28

0.27

0.28

0.28

0.22

0.30

0.29

0.22

0.27

0.24

0.20

0.28

0.01

0.23

0.14

0.15

0.11

-0.45