Loading...
•
Dec 31, 2020
Hope Bancorp Q4 2020 Earnings Report
Reported a continuation of positive trends and managed well through a global pandemic.
Key Takeaways
Hope Bancorp reported a net income of $28.3 million, or $0.23 per diluted common share, for the fourth quarter ended December 31, 2020. The company saw strong loan originations and an increase in total deposits. The net interest margin expanded, and the efficiency ratio improved.
Net interest income before provision for credit losses increased 3% quarter-over-quarter to $120.8 million.
Net interest margin expanded 11 basis points quarter-over-quarter.
Noninterest bearing demand deposits increased 7% quarter-over-quarter and accounted for 34% of total deposits at year-end.
Efficiency ratio improving to 53.77% from 54.31% quarter-over-quarter.
Forward Guidance
The Company believes the groundwork for a faster economic recovery is being paved with the distribution of highly effective vaccines and the support of additional government stimulus programs. They are cautiously optimistic that they will get through this unprecedented period of time together and deliver increased value to all the stakeholders of Bank of Hope.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...