UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 000-50245 HOPE BANCORP, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identificat ...

Hope Bancorp, Inc. (NASDAQ:HOPE) Q1 2023 Earnings Conference Call April 25, 2023 12:30 PM ET Company Participants Angie Yang - Director, Investor Relations Kevin Kim - Chairman, President & Chief Executive Officer David Malone - Interim Chief Financial Officer Peter Koh - Chief Operating Officer Julianna Balicka - Chief Financial Officer Conference Call Participants Matthew Clark - Piper Sandler Gary Tenner - D.A. Davidson Chris McGratty - KBW Tim Coffey - Janney Operator Good afternoon and good morning, a ...

Forward Looking Statements & Additional Disclosures 2 12.25% 0.00% | --- | --- | --- | --- | --- | |----------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | 2023 First Quarter Earnings Conference Call | | | | | | Tuesday, April 25, 2023 | | | | | This presentation may contain statements regarding future events or the future financial performance of Hope Bancorp, Inc. (the "Company") that constitute forward-looking statements within the meaning of ...

February 15-17, 2023 This presentation may contain statements regarding future events or the future financial performance of the Company that constitute forward- looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to, among other things, expectations regarding the business environment in which we operate, projections of future performance, perceived opportun ...

Financial Instruments and Capital Management - As of December 31, 2022, the company had issued $126.0 million in pooled trust preferred securities through nine wholly-owned subsidiary grantor trusts[35] - The company issued $217.5 million in aggregate principal amount of 2.00% convertible senior notes maturing on May 15, 2038, as part of its share repurchase plan[36] - The company is subject to capital adequacy requirements based on the Basel III Capital Rules, effective January 1, 2015[52] - Hope Bancorp and the Bank met all Basel III Capital Rules requirements as of December 31, 2022, including a common equity Tier 1 capital ratio of 7.0%[55] - The minimum capital ratios under Basel III include 4.5% common equity Tier 1 to risk-weighted assets and 6.0% Tier 1 capital to risk-weighted assets[54] - The capital conservation buffer of 2.5% is required above the regulatory minimum capital ratios, impacting the ability to pay dividends and repurchase shares[54] - The Bank's ability to pay dividends is subject to restrictions under the Delaware General Corporation Law and the FRB's policies[74] - The federal banking agencies have the authority to impose higher capital ratios and restrictions on the Bank if its financial condition is deemed unsatisfactory[73] Regulatory Compliance and Supervision - The company is subject to extensive regulation and supervision under state and federal banking laws, emphasizing capital planning and liquidity management[41] - The company has not elected financial holding company status, limiting its engagement in broader financial activities[46] - The company must seek approval from the Federal Reserve Board prior to acquiring significant assets or controlling shares of other banks[47] - The Dodd-Frank Act requires banks with consolidated assets over $10 billion to establish board-level risk committees and perform annual stress tests[57] - The Bank must comply with numerous federal and state consumer protection statutes, which regulate customer interactions and impose penalties for non-compliance[62][63] Deposits and Funding Sources - FDIC-insured deposits serve as the primary source of funds for the company, which actively manages its cost of funds in response to market conditions[32] - The company attracts both short-term and long-term deposits through a wide range of products, including personal and business checking accounts, savings accounts, and retirement accounts[31] - The company may borrow from the Federal Home Loan Bank of San Francisco and the Federal Reserve Bank to manage liquidity needs[33] - The FDIC insures customer deposits up to $250,000 per customer, and the termination of deposit insurance could lead to the revocation of the Bank's charter[69] Community Engagement and Social Responsibility - The Bank received a "Satisfactory" rating in its most recent Community Reinvestment Act performance evaluation released by the FDIC in 2021[64] - The company funded approximately $4.45 billion in loans in 2022[86] - The company had approximately $315.8 million in CRA-reportable small business lending in 2022[86] - The company awarded 60 students grants of $1,500 each in 2022, contributing over $2.3 million to the Hope Scholarship Foundation since its establishment in 2001[86] - The company conducted nearly 731 hours of CRA-reportable volunteer hours in 2022[86] - The company has invested in affordable housing partnership investments, CRA investments, and CDFI investments[86] - The company has commitments to fund investments in affordable housing partnerships totaling $11.79 million[349] - The company launched its initial Environmental, Social and Governance (ESG) report in 2022, outlining its ESG progress and compliance[85] Workforce and Employment - As of December 31, 2022, the company had 1,549 full-time equivalent employees, an increase from 1,476 employees at the end of 2021[83] - The company has a competitive benefits package that includes medical, dental, and vision healthcare, 401(k) benefits, and tuition assistance[82]

DDA MMA/NOW Savings Time Cost of Interest-Bearing Deposits $9.1 $9.3 $9.1 $9.7 $10.3 $6.0 $5.7 $5.7 $5.7 $5.2 4Q21 1Q22 2Q22 3Q22 4Q22 $15.45 $15.48 $15.07 $14.95 $14.80 10 • Total nonperforming assets decreased 28% Q-o-Q, reflecting reductions in all NPL categories $257.2 $167.0 $95.8 $79.4 $157.3 $242.4 $226.7$244.7$204.7 $104.1 3.58% 2.80%2.34%1.83% 1.70% 4Q21 1Q22 2Q22 3Q22 4Q22 $499.6 $393.6$340.5$284.1 $261.3 • Special mention loans increased 98% Q-o-Q $1.5-$11.0 -0.07% -0.52% (Credit) for Credit Loss ...

Hope Bancorp, Inc. (NASDAQ:HOPE) Q4 2022 Earnings Conference Call January 24, 2023 12:30 PM ET Company Participants Angie Yang - Director, Investor Relations and Corporate Communications Kevin Kim - Chairman, President and Chief Executive Officer David Malone - Interim Chief Financial Officer Peter Koh - Senior Executive Vice President and Chief Operating Officer Conference Call Participants Matthew Clark - Piper Sandler Christopher McGratty - KBW Gary Tenner - D.A. Davidson Timothy Coffey - Janney Operator ...

Commission File Number: 000-50245 HOPE BANCORP, INC (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Delaware 95-4849715 3200 Wilshire Boulevard, Suite 1400 Los Angeles, California 90010 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 20 ...

Financial Data and Key Metrics Changes - The company reported net income of $53.7 million or $0.45 per share in Q3 2022, up from $0.43 in Q2 2022, with pre-provision net revenue increasing 12% to $82.6 million, a record level for the company [7][6][5] - Pre-provision net revenue return on average assets increased to 1.79% from 1.65% in the prior quarter, while return on average equity increased to 16.26% from 14.66% [7][6][5] Business Line Data and Key Metrics Changes - The company funded $1.35 billion in new loans in Q3 2022, a 5% increase from Q2 2022 and a 34% increase from Q3 2021, with commercial lending accounting for 55% of total loan funding [8][9] - Commercial real estate loan production was $534 million in Q3 2022, slightly down from Q2 2022, but the average rate of new CRE loans increased by 99 basis points [10][9] Market Data and Key Metrics Changes - The company experienced strong contributions from its Texas region and health care group, with a well-diversified loan production across industries and geographies [9][10] - The average rate on total loan production increased by 111 basis points compared to the preceding quarter, reflecting increasing trends in loan pricing across all asset classes [10][9] Company Strategy and Development Direction - The company is focused on a relationship-driven commercial banking model, with commercial loans now representing one-third of the total loan portfolio, reflecting the success of its corporate banking group [28][29] - The company aims to continue diversifying its portfolio and improving asset quality, with a focus on recession-resistant loans [30][31] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging operating environment but expects to benefit from the shift to a more relationship-focused commercial banking model [28][30] - The company anticipates loan growth to moderate in the near term due to economic uncertainties and rising interest rates, while maintaining a focus on managing deposit costs [31][32] Other Important Information - The company declared a quarterly cash dividend of $0.14 per share, maintaining the same level as the previous quarter [25][26] - The tangible common equity to tangible asset ratio remained strong at 8.09% as of September 30, 2022, despite unrealized losses in the investment security portfolio [24][26] Q&A Session Summary Question: What were the September 30 deposit spot rates for interest-bearing or total? - The total interest-bearing deposit spot rate was 1.84%, and the total deposit spot rate was 1.21% [36] Question: How does management see NIM compression potentially accelerating in the first half of 2023? - Management is not providing guidance for NIM for 2023 due to uncertainties but expects flat or small compression in Q4 [38] Question: Any thoughts on augmenting the total risk-based capital number? - Management believes the current capital ratio is strong and will assess the need for augmentation as they move forward [39] Question: What are the assumptions for deposit beta through the cycle? - Management finds it difficult to provide a 2023 deposit beta due to volatility and recent interest rate hikes [42] Question: What are the plans for managing the loan-to-deposit ratio going forward? - The loan-to-deposit ratio increased due to a large isolated outflow, but management expects it to return to around 96% [45] Question: How does management view inflationary pressures and expense growth for next year? - Management expects non-interest expenses to increase in Q4 and anticipates a higher loan growth for the year at the higher end of the single to low-double digit range [46]

| --- | --- | --- | --- | --- | --- | |----------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2022 Third Quarter Earnings Conference Call | | | | | | | Tuesday, October 25, 2022 | | | | | | Forward Looking Statements & Additional Disclosures This presentation may contain statements regarding future events or the future financial performance of the Company that constitute forward- looking statements within the meaning ...