Hope Bancorp(US:HOPE)2025-04-22 21:12Financial Performance - Net income for 1Q25 was $21.1 million, or $0.17 per diluted share[4] - Excluding notable items, net income for 1Q25 was $22.9 million, or $0.19 per diluted common share[6] - Net interest income for 1Q25 was $101 million, down 1% QoQ[39] - Noninterest income for 1Q25 was $16 million[51] Capital and Deposits - Total capital ratio was 15.06% at 3/31/25, up 28bps QoQ[7] - Tangible common equity (TCE) ratio was 10.20% at 3/31/25, up 15bps QoQ[7] - Deposits totaled $14.5 billion at 3/31/25, up 1% QoQ[7] Loans and Asset Quality - Loans receivable totaled $13.3 billion at 3/31/25, down 2% QoQ[7] - Nonperforming assets (NPA) were $84 million at 3/31/25, representing 0.49% of total assets, down 8% QoQ and down 21% YoY[7] - Net charge-off (NCO) ratio was 0.25% in 1Q25, down from 0.38% in 4Q24[7] Territorial Bancorp Merger - Acquisition of Hawaii-based Territorial Bancorp (TBNK) completed on 4/2/25, adding $1.7 billion of stable, low-cost deposits and ~$1 billion of residential mortgage loans[7] - Total merger consideration of $73.3 million, or $8.46 per TBNK share[62]