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AI brief of an SEC Form 8-K · Hope Bancorp (HOPE)

Hope Bancorp Q3 net income falls to $24.2 million, $0.20 per share

Negative Impact 3 of 5 earnings Written later

Hope Bancorp reported third-quarter 2024 net income of $24.2 million, or $0.20 per diluted share, down from $25.3 million, or $0.21, in the second quarter and $30.0 million, or $0.25, a year earlier. The company also declared a quarterly cash dividend of $0.14 per common share, and said its pending merger with Territorial Bancorp remains subject to regulatory and shareholder approvals.

Key points

  • Net income $24.2 million, or $0.20 per diluted share, versus $25.3 million, or $0.21, in Q2 2024 and $30.0 million, or $0.25, in Q3 2023
  • Net interest margin was 2.55%, down from 2.62% in Q2 2024
  • Quarterly cash dividend of $0.14 per share, payable on or about November 21, 2024, to holders of record on November 7, 2024
  • Nonperforming assets rose to $103.8 million, or 0.60% of total assets, from $67.3 million at June 30, 2024

The filing

CompanyHope Bancorp (HOPE)
Form8-K, current report
Filed with the SECOct 28, 2024, 7:35 AM ET
Accession number0001128361-24-000034

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.