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

Hope Bancorp Q1 net income up 40% to $29.5 million; declares $0.14 dividend

Mixed Impact 3 of 5 earnings Written later

Hope Bancorp reported first-quarter 2026 net income of $29.5 million, or $0.23 per diluted share, up 40% from a year earlier but down 14% from the fourth quarter of 2025. Net interest income and noninterest income both declined from the prior quarter, while noninterest expense also fell, and the efficiency ratio improved to 67.0%. The board also declared a $0.14 quarterly dividend, and the company said the pending MANUBANK acquisition is expected to close in the second half of 2026.

Key points

  • Net income of $29.5 million, or $0.23 per diluted share, compared with $21.1 million ($0.17) a year earlier and $34.5 million ($0.27) in the fourth quarter of 2025.
  • Net interest margin of 2.90%, unchanged from the fourth quarter of 2025 and up 36 basis points from 2.54% a year earlier.
  • Nonperforming assets of $120.5 million at March 31, 2026, down from $136.1 million at December 31, 2025.
  • Quarterly cash dividend of $0.14 per common share, payable on or about May 22, 2026, to holders of record as of May 8, 2026.

The filing

CompanyHope Bancorp (HOPE)
Form8-K, current report
Filed with the SECApr 28, 2026, 7:55 AM ET
Accession number0001128361-26-000024

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, 1:54 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 April 28, 2026.

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.