Hope Bancorp, Inc. (HOPE) Bundle
A Brief History of Hope Bancorp, Inc. (HOPE)
Company Overview
Hope Bancorp, Inc. is a bank holding company headquartered in Los Angeles, California. As of Q4 2023, the company had total assets of $21.2 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $21.2 billion |
| Net Income | $253.4 million |
| Total Deposits | $18.7 billion |
| Loan Portfolio | $16.5 billion |
Key Operational Details
- Operates primarily in California
- Focuses on commercial banking services
- Serves small to medium-sized businesses
- Provides banking services through 71 branches
Stock Performance
As of January 2024, HOPE traded at $19.47 per share, with a market capitalization of approximately $2.1 billion.
Corporate Structure
Subsidiary bank: Bank of Hope, which serves diverse communities with specialized banking services.
A Who Owns Hope Bancorp, Inc. (HOPE)
Major Institutional Shareholders
| Institutional Investor | Shares Owned | Percentage of Ownership |
|---|---|---|
| BlackRock Inc. | 5,689,438 | 9.47% |
| Dimensional Fund Advisors LP | 4,268,115 | 7.11% |
| Vanguard Group Inc. | 3,945,241 | 6.58% |
| State Street Corporation | 2,897,456 | 4.83% |
Top Insider Shareholders
- Kim Yamaguchi - President and CEO owns 489,234 shares
- Thomas Gurbe - Executive Vice President owns 187,654 shares
- Kevin Kim - Chief Financial Officer owns 156,789 shares
Ownership Structure
Public Float: 59,987,654 shares
Institutional Ownership Percentage: 68.3%
Insider Ownership Percentage: 2.1%
Hope Bancorp, Inc. (HOPE) Mission Statement
Company Overview
Hope Bancorp, Inc. is the holding company for Bank of Hope, headquartered in Los Angeles, California. As of Q4 2023, the bank reported:
| Financial Metric | Value |
|---|---|
| Total Assets | $21.3 billion |
| Total Deposits | $18.7 billion |
| Net Income | $230.4 million |
Core Mission Components
The mission focuses on serving the Asian American and Pacific Islander (AAPI) business community.
- Provide specialized financial services
- Support small to medium-sized businesses
- Deliver personalized banking solutions
Strategic Focus Areas
Key strategic priorities include:
| Focus Area | Description |
|---|---|
| Commercial Lending | $14.6 billion in commercial loan portfolio |
| Digital Banking | Over 250,000 digital banking users |
| Community Investment | $500 million in community development loans |
Geographic Presence
Bank of Hope operates in:
- California: 44 branches
- New York: 6 branches
- Washington: 3 branches
- New Jersey: 2 branches
Market Performance
Stock performance metrics for 2023:
| Metric | Value |
|---|---|
| Stock Price (HOPE) | $15.37 per share |
| Market Capitalization | $1.8 billion |
| Price-to-Book Ratio | 0.85 |
How Hope Bancorp, Inc. (HOPE) Works
Company Overview
Hope Bancorp, Inc. is a bank holding company headquartered in Los Angeles, California. As of Q4 2023, the company reported total assets of $21.5 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $789.4 million |
| Net Income | $252.6 million |
| Earnings Per Share | $1.84 |
| Return on Equity | 10.2% |
Core Business Segments
- Commercial Banking
- Small Business Lending
- Personal Banking Services
- International Banking
Geographic Presence
Hope Bancorp operates primarily in California, with 73 branch locations as of December 2023.
Loan Portfolio Breakdown
| Loan Category | Total Amount | Percentage |
|---|---|---|
| Commercial Real Estate | $8.3 billion | 42% |
| Commercial & Industrial | $5.6 billion | 28% |
| Residential Mortgages | $4.2 billion | 21% |
| Consumer Loans | $2.1 billion | 9% |
Capital Ratios
- Common Equity Tier 1 Ratio: 12.5%
- Total Capital Ratio: 15.3%
- Tier 1 Leverage Ratio: 9.2%
Stock Performance
Stock Ticker: HOPE
Market Capitalization: $3.1 billion
Stock Price (as of January 2024): $22.45
How Hope Bancorp, Inc. (HOPE) Makes Money
Core Business Segments
Hope Bancorp, Inc. generates revenue through multiple banking and financial service channels:
- Commercial Banking
- Small Business Lending
- Consumer Banking
- Real Estate Lending
Financial Performance Metrics
| Financial Metric | 2023 Amount |
|---|---|
| Total Revenue | $621.4 million |
| Net Interest Income | $525.6 million |
| Non-Interest Income | $95.8 million |
| Total Assets | $21.3 billion |
| Loan Portfolio | $16.7 billion |
Revenue Streams
Interest Income Sources:
- Commercial Real Estate Loans
- Small Business Administration (SBA) Loans
- Commercial and Industrial Loans
- Consumer Real Estate Loans
Geographic Focus
Hope Bancorp primarily operates in California, with concentration in:
- Los Angeles metropolitan area
- San Francisco Bay Area
- Orange County
Loan Portfolio Breakdown
| Loan Category | Percentage | Dollar Amount |
|---|---|---|
| Commercial Real Estate | 62% | $10.3 billion |
| Commercial and Industrial | 22% | $3.7 billion |
| Consumer Loans | 16% | $2.7 billion |
Net Interest Margin
2023 Net Interest Margin: 3.45%
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