Loan Modifications and Credit Losses - The balance of loans with modified terms due to COVID-19 as of June 30, 2022, totaled $808 thousand, a significant decrease from $22.8 million at December 31, 2021[92]. - As of June 30, 2022, TDR loans on accrual status included 25 commercial real estate loans totaling $16.1 million, compared to 31 loans totaling $43.8 million at December 31, 2021, indicating a reduction of 63.2% in total value[93]. - The company recorded an allowance for credit losses (ACL) totaling $3.1 million for TDR loans as of June 30, 2022, up from $2.7 million as of December 31, 2021[93]. - During the three months ended June 30, 2022, the company modified two new TDR loans with a maturity concession totaling $3.5 million[95]. - For the three months ended June 30, 2021, the company modified one TDR loan with a payment concession totaling $12 thousand and seven TDR loans with maturity concessions totaling $11.5 million[96]. - The company recorded $0 in ACL for TDR loans that had payment defaults during the three and six months ended June 30, 2022, while in the same period of 2021, it recorded $23.6 million in ACL[98]. - There was one TDR loan that subsequently defaulted during the three months ended June 30, 2022, with a total modification of $1.0 million[99]. - The company expects TDR loans on accrual status as of June 30, 2022, to continue complying with restructured terms due to reduced principal or interest payments[93]. - The total charge-offs of TDR loans modified during the three and six months ended June 30, 2022, totaled $0, consistent with the previous year[94]. Operating Leases and Related Costs - The company's operating leases include bank branch locations and office spaces with remaining lease terms ranging from 1 to 10 years as of June 30, 2022[103]. - As of June 30, 2022, the Company reported ROU assets of $58.6 million and related liabilities of $63.0 million, an increase from $52.7 million and $57.3 million, respectively, at December 31, 2021[104]. - The net lease cost for the three months ended June 30, 2022, was $4.5 million, slightly down from $4.5 million in the same period of 2021, while the six-month net lease cost increased to $9.2 million from $9.0 million[106]. - Cash paid for operating leases was $7.95 million for the six months ended June 30, 2022, compared to $7.43 million for the same period in 2021[107]. - The total lease payments due as of June 30, 2022, amounted to $67.1 million, with total lease obligations after imputed interest at $62.99 million[108]. - The weighted-average remaining lease term for operating leases was 4.9 years as of June 30, 2022, down from 5.2 years in the previous year[107]. Deposits and Borrowings - The Company had total deposits of $15.03 billion as of June 30, 2022, a slight decrease from $15.04 billion at December 31, 2021[112]. - FHLB advances increased to $573.0 million at June 30, 2022, compared to $300.0 million at December 31, 2021[113]. - Brokered deposits totaled $867.5 million at June 30, 2022, an increase from $810.9 million at December 31, 2021[111]. - At June 30, 2022, total borrowing capacity from the FHLB was $4.14 billion, of which $3.55 billion was unused and available to borrow[325]. Capital and Equity - Total stockholders' equity decreased to $2.00 billion as of June 30, 2022, down from $2.09 billion at December 31, 2021[175]. - The Company reported a Common Equity Tier 1 capital ratio of 10.69%, exceeding the required minimum of 4.50%[192]. - The Bank's Tier 1 capital ratio as of June 30, 2022, was 12.43%, significantly above the required minimum of 6.00%[192]. - Common equity Tier 1 capital increased to $1.72 billion at June 30, 2022, from $1.66 billion at December 31, 2021, with a common equity Tier 1 capital ratio of 10.69%[319]. - The total capital to risk-weighted assets ratio was 12.13% and the Tier 1 capital to risk-weighted assets ratio was 11.33% at June 30, 2022[319]. - Total stockholders' equity decreased by $92.6 million to $2.00 billion at June 30, 2022, from $2.09 billion at December 31, 2021[316]. Interest Rate Swaps and Derivatives - The notional amount of interest rate swaps related to the loan hedging program increased to $623.434 million as of June 30, 2022, from $148.199 million at December 31, 2021[129]. - The estimated fair value of interest rate swaps on loans with correspondent banks was $36.379 million as of June 30, 2022, compared to $3.001 million at December 31, 2021[129]. - The company had interest rate swaps liabilities of $36,431,000 as of June 30, 2022, consistent with the previous reporting period[167]. - The weighted average remaining term for interest rate swaps designated as cash flow hedges was 2.8 years as of June 30, 2022[133]. Tax Provisions and Benefits - For the three months ended June 30, 2022, the Company had an income tax provision totaling $18.6 million on pretax income of $70.7 million, representing an effective tax rate of 26.35%[148]. - The effective tax rate for the six months ended June 30, 2022, was 26.12%, compared to 24.56% for the same period in 2021[148]. - The Company had total unrecognized tax benefits of $3.3 million at both June 30, 2022, and December 31, 2021[149]. - The Company recorded approximately $446 thousand for accrued interest related to income tax matters at June 30, 2022[149]. - The income tax benefit recognized for the three months ended June 30, 2022, was approximately $912 thousand, up 77.6% from $514 thousand for the same period in 2021[184]. Securities and Fair Value - As of June 30, 2022, the total fair value of U.S. Treasury securities was $3,968,000, while collateralized mortgage obligations amounted to $909,827,000[167]. - The total fair value of residential mortgage-backed securities was $502,759,000, and commercial mortgage-backed securities were valued at $414,046,000[167]. - The ending balance for municipal securities measured at fair value on a recurring basis was $1,019,000 as of June 30, 2022, down from $1,058,000 in the same period of 2021[169]. - The company reported a net loss of $763,000 for real estate loans at fair value for the three months ended June 30, 2022, compared to a loss of $25,411,000 in the same period of 2021[170]. - For the six months ended June 30, 2022, the total net loss for collateral dependent loans at fair value was $1,374,000, compared to a loss of $27,738,000 in the same period of 2021[170]. - The fair value of loans held for sale, net, was $35,484,000 as of June 30, 2022, showing an increase from $26,154,000 at the end of 2021[170]. - The total fair value of equity investments with readily determinable fair value was $24,711,000 as of June 30, 2022[167]. - The company experienced a change in fair value for risk participation agreements, resulting in an ending balance of $31,000 as of June 30, 2022, down from $64,000 in 2021[169]. - There were no transfers between Levels 1, 2, and 3 during the three and six months ended June 30, 2022 and 2021[168]. Stock Repurchase and Dividends - The company repurchased 1,038,986 shares of common stock for a total of $14.7 million during the three months ended June 30, 2022[175]. - Cash dividends paid were $0.14 per common share for the three months ended June 30, 2022, consistent with the same period in 2021[176]. - The company recorded an unrealized net loss on securities available for sale of $55.7 million for the three months ended June 30, 2022[176]. - The company had 1,484,830 shares available for future grants under the 2019 stock-based incentive plan as of June 30, 2022[182]. - The total fair value of restricted stock and performance units vested was $9.4 million as of June 30, 2022[182]. - The company recorded reclassification adjustments of $114 thousand from other comprehensive income to losses from cash flow hedge relationships for the three months ended June 30, 2022[177]. Employee Compensation and Expenses - The compensation expense for the Employee Stock Purchase Plan (ESPP) during the three months ended June 30, 2022, was $34 thousand, compared to $37 thousand for the same period in 2021, reflecting a decrease of 8.1%[183]. - Total amounts charged against income related to stock-based payment arrangements were $3.5 million for the three months ended June 30, 2022, an increase of 66.7% from $2.1 million in the same period of 2021[184]. - The Company had unrecognized compensation expense related to non-vested restricted stock and performance units amounting to $17.8 million, expected to be recognized over a weighted average vesting period of 1.97 years[185]. Liquidity and Financial Condition - Liquid assets were $2.09 billion at June 30, 2022, down from $2.57 billion at December 31, 2021, with cash and cash equivalents at $197.1 million[325]. - The company anticipates that current off-balance-sheet activities will not materially impact future results of operations or financial condition[315]. - The company aims to maintain capital levels sufficient to assure stockholders, customers, and regulators of financial soundness[315]. - The liquidity management objective is to ensure funds are available to meet cash flow requirements arising from fluctuations in deposit levels[323].

Financial Data and Key Metrics Changes - The company reported net income of $52.1 million or $0.43 per share for Q2 2022, with pre-provision net revenue increasing by 4% quarter-over-quarter and 15% year-over-year to $73.9 million [12][23] - Loan production reached a record $1.3 billion, marking a 25% increase quarter-over-quarter and a 44% increase year-over-year, contributing to a 16% annualized increase in loans outstanding [11][13] - The net interest margin expanded by 15 basis points from the previous quarter to 3.36%, driven by increased loan yields [11][23] Business Line Data and Key Metrics Changes - The commercial loan portfolio saw a significant increase, with $557 million in new commercial loans funded, accounting for approximately 43% of total loan fundings [13][15] - Residential mortgage production increased by 75%, despite a decline in refinancing demand, reflecting successful expansion into the Eastern region [19] - The corporate banking group generated about 90% of commercial loan fundings, indicating a strategic focus on middle-market enterprises [16] Market Data and Key Metrics Changes - The company noted a consistent demand for commercial real estate loans, with $545 million produced in Q2, diversified across various property types [18] - The average rate on new loan originations increased by 72 basis points compared to the previous quarter, reflecting favorable loan pricing trends [20] Company Strategy and Development Direction - The company aims to strengthen its commercial banking platform and diversify its business model, reducing reliance on commercial real estate lending [21][54] - There is a strategic focus on targeting U.S. subsidiaries of Korean corporations, which now account for approximately 23% of total deposits [22] - The company is enhancing its credit administration processes and tightening underwriting criteria in preparation for potential recessionary impacts [39][51] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving high single-digit to low double-digit loan growth for the year, despite challenges from rising interest rates [50] - The company anticipates a softening demand for commercial real estate loans in the second half of the year due to higher interest rates [47][78] - Management highlighted the importance of a diversified loan portfolio to withstand economic downturns, with a focus on recession-resistant industries [55][56] Other Important Information - The company repurchased approximately 1 million shares at an average price of $14.10 per share, with $35.3 million remaining in the stock repurchase program [42] - The allowance for credit losses coverage ratio was 1.04% of loans, reflecting a stable credit quality environment [40] Q&A Session Summary Question: Can you provide a June 30 spot rate for deposit cost? - The total interest-bearing deposit spot rate was 77 basis points, with total deposits at 48 basis points as of June 30 [60] Question: What options are embedded in your model regarding NIM expansion? - The company expects continued net interest margin expansion, primarily due to variable rate loans repricing, despite some offsetting impacts from deposit rate increases [62][63] Question: How should we think about the remainder of the buyback given the growth outlook? - The company will continue to monitor the market for opportunities to repurchase shares, maintaining strong capital levels [68] Question: Can you provide additional color on the TDR that migrated into nonaccrual? - The migration was from the CRE retail bucket, and the property is well secured, with no expected loss [72] Question: How does the loan pipeline compare to the end of Q1? - The CRE pipeline is lower than in Q2, while the C&I pipeline remains strong with no significant impact from recent rate hikes [78][80]

| --- | --- | --- | --- | --- | --- | |-----------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | 2022 Second Quarter Earnings Conference Call | | | | | | | Wednesday, July 20, 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 of Section 27 ...

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, 2022 Delaware 95-4849715 3200 Wilshire Boulevard, Suite 1400 Los Angeles, California 90010 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of principal executives offices, including zip code) (213) 639-1700 (Registrant's telephone number, includi ...

Hope Bancorp, Inc. (NASDAQ:HOPE) Q1 2022 Earnings Conference Call April 19, 2022 12:30 PM ET Company Participants Angie Yang - Director of IR & Corporate Communications Kevin Kim - Chairman, President & CEO Alex Ko - CFO Peter Koh - Senior EVP & COO Conference Call Participants Chris McGratty - KBW Gary Tenner - D.A. Davidson Matthew Clark - Piper Sandler Tim Coffey - Janney Montgomery Scott Operator Good day. And welcome to the Hope Bancorp 2022 First Quarter Earnings Conference Call. All participants ...

Financial Performance - Net income reached $60.7 million[3], an 18% increase Q-o-Q[3] - Diluted EPS stood at $0.50[3] - ROA increased to 1.37% and ROTCE increased to 15.01%[3] Loan Portfolio - New loan production hit a record high for the first quarter at $1.03 billion[3,5], up 21.1% Y-o-Y[3,5] - Excluding PPP loans, total loans receivable increased 1.7% Q-o-Q, or 6.7% annualized[3,7] - Variable rate loans accounted for 43% of total loan portfolio as of March 31, 2022[9] Deposits - Total deposits amounted to $14.52 billion[3] - Time deposits decreased to $2.2 billion, representing 15% of total deposits[14,16] - MMA & NOW deposits increased 5% Q-o-Q and accounted for 45% of total deposits[14,16] Asset Quality - Total nonperforming assets decreased 8.4% Q-o-Q to $102.4 million[4,19] - Criticized loans decreased 21.2% Q-o-Q[4] - Net recoveries totaled $17.9 million[4,21], or -0.52% of average loans receivable, annualized[21] Net Interest Income and Margin - Net interest margin expanded 8bps Q-o-Q[3,8] - Net interest income increased 9% Y-o-Y[7] Noninterest Income and Expense - Noninterest income increased 1% Q-o-Q to $13.2 million[10,11] - Noninterest expense increased to $75.4 million[13]

| --- | --- | --- | |-------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | 2022 | | | | Keefe, Bruyette & Woods | | | | Winter Financial Services Symposium | | | | February 17-18, 2022 | | | Forward Looking Statements & Additional Disclosures This presentation contains 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 a ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K _______________________________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number 000-50245 ________________________________________ HOPE BANCORP, INC. (Exact name of registran ...

Hope Bancorp, Inc. (NASDAQ:HOPE) Q4 2021 Earnings Conference Call January 25, 2022 12:30 PM ET Company Participants Angie Yang - Director-IR Kevin Kim - Chairman, President and CEO Alex Ko - Senior EVP and CFO Peter Koh – Senior EVP and COO Conference Call Participants Matthew Clark - Piper Sandler Chris McGratty - KBW Gary Tenner - D.A. Davidson Tim Coffey - Janney Operator Good day, and welcome to the Hope Bancorp 2021 Fourth Quarter Earnings Conference Call. [Operator Instructions] After today's presenta ...

| --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2021 Fourth Quarter and Full-Year Earnings Conference Call | | | | | | | Tuesday, January 25, 2022 | | | | | | Forward Looking Statements & Additional Disclosures This presentation contains statements regarding future events or the future financial performance of the Company that constitute forward- looking sta ...