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Jun 30, 2021
Hope Bancorp Q2 2021 Earnings Report
Reported a 23% increase in net income compared to the previous quarter, driven by sound management and economic recovery.
Key Takeaways
Hope Bancorp reported strong second-quarter results with a 23% increase in net income to $53.8 million, driven by improvements in deposit composition, net interest margin expansion, and a negative provision for credit losses.
Net income increased 23% quarter-over-quarter to $53.8 million, or $0.43 per diluted common share.
Net interest income before provision for credit losses increased 3% quarter-over-quarter to $126.6 million.
Loan originations reached a record high of $894 million.
A negative provision for credit losses of $7.0 million was recorded, driven by improved macroeconomic factors.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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