Hope Bancorp reported a net income of $25.3 million, or $0.21 per diluted common share, for the second quarter of 2024. The company's net interest margin expanded, operating expenses decreased, and return on assets improved compared to the previous quarter. Total deposits remained stable, and nonperforming assets decreased significantly.
Net income totaled $25.3 million, or $0.21 per diluted common share.
Net interest margin expanded to 2.62%, up seven basis points from the previous quarter.
Noninterest expense decreased 5% to $81.0 million from the previous quarter.
Nonperforming assets decreased 37% to $67.3 million from the previous quarter.
Some statements in this news release may constitute forward-looking statements. 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.
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