Hope Bancorp Q1 net income rises 40% on acquisition boost

Hope Bancorp

28/04/2026 12:38

Overview

U.S. regional bank's Q1 net income rose 40% yr/yr, driven by organic growth and acquisition

Q1 pre-provision net revenue grew 43% yr/yr, reflecting improved efficiency and expense management

Company repurchased $6.7 mln in shares and announced pending SMBC MANUBANK unit acquisition

Outlook

Company expects to close MANUBANK acquisition in second half of 2026, pending approvals

Hope Bancorp projects MANUBANK deal will strengthen core earnings and improve profitability

Company anticipates collaboration with SMBC to expand services to a broader customer base

Result Drivers

ORGANIC AND ACQUISITION GROWTH - Co said Q1 yr/yr increases in net income, revenue, loans and deposits were driven by organic growth and the Territorial Bancorp acquisition

EXPENSE MANAGEMENT - Co said improved efficiency ratio and pre-provision net revenue were supported by disciplined expense management

FUNDING COST IMPROVEMENTS - Co said yr/yr net interest margin expansion was primarily driven by decreased cost of interest bearing deposits

Company press release: ID:nBw56yQFRa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 PPNR Revenue
$46.6 mln
Q1 EPS
$0.23
Q1 Net Income
$29.5 mln
Q1 Provision For Credit losses
$8.7 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Hope Bancorp Inc is $14.00, about 10.7% above its April 27 closing price of $12.65

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)