Brief: Hope Bancorp Reports Quarterly Net Income Of $52.1 Million

Hope Bancorp

19/07/2022 21:48

July 19 (Reuters) - Hope Bancorp Inc  HOPE.O :
    * HOPE BANCORP REPORTS 2022 SECOND QUARTER FINANCIAL RESULTS
    * HOPE BANCORP INC - QRLY NET INCOME TOTALED $52.1 MILLION
    * HOPE BANCORP INC - IN Q2, NET INTEREST MARGIN EXPANDED 15
BASIS
POINTS FROM PRECEDING Q1
    * HOPE BANCORP INC - QTRLY NET INTEREST MARGIN 3.36% VERSUS
3.11%
    * HOPE BANCORP INC - FOR 2022 Q2, COMPANY RECORDED A
PROVISION FOR
CREDIT LOSSES OF $3.2 MILLION
    * HOPE BANCORP INC - AS AT JUNE 30, COMMON EQUITY TIER 1
CAPITAL
10.70%
    * HOPE BANCORP INC - TOTAL NONPERFORMING ASSETS AT JUNE 30
INCREASED TO $110.6 MILLION VERSUS $102.4 MILLION AT MARCH 31

Source text for Eikon:  ID:nBw5WBBpa 
Further company coverage:  HOPE.O 

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