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Dec 31, 2021
Hope Bancorp Q4 2021 Earnings Report
Hope Bancorp reported an outstanding financial performance in Q4 2021, marked by record loan production, a diversified loan portfolio, improved deposit composition, and enhanced efficiencies.
Key Takeaways
Hope Bancorp reported a net income of $51.6 million, or $0.43 per diluted common share, for the fourth quarter ended December 31, 2021. Loan originations increased 23% quarter-over-quarter to a record $1.24 billion, contributing to a 4.0% increase in loans receivable. The company's net interest margin expanded by 6 basis points quarter-over-quarter, and the efficiency ratio improved to 50.70%.
Net income totaled $51.6 million, or $0.43 per diluted common share.
Loan originations reached a record $1.24 billion, up 23% quarter-over-quarter.
Loans receivable increased 4.0% quarter-over-quarter, or 15.9% annualized.
Net interest margin increased 6 basis points quarter-over-quarter to 3.13%.
Forward Guidance
Hope Bancorp is confident in its ability to navigate through a new normal and believes the long-term prospects of its franchise are stronger than ever.
Positive Outlook
- Greater confidence in navigating through a lingering pandemic.
- Expanded and improved business development team.
- Focus on more traditional growth levels.
- Tremendous momentum following a solid fourth quarter performance.
- Solid fourth quarter performance reflective of more traditional growth levels.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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