Hope Bancorp Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2026
Key Highlights
- ➤Q3 net income $35.6 million, up 16% year-over-year and 8% sequentially
- ➤Net interest margin 3.02%, up 13 basis points year-over-year
- ➤Gross loans $15.12 billion, up 3% year-over-year
- ➤October 1 MANUBANK acquisition added approximately $2.20 billion loans and $2.60 billion deposits
- ➤Criticized loans $334.8 million, down 10% year-over-year
Expert Statements
Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp
“Revenue growth and positive operating leverage drove strong quarter-over-quarter and year-over-year growth in pre-provision net revenue((1)) and net income in the third quarter,”
Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp
“Through our continued focus on improving profitability, many key drivers contributed to this quarter’s results, including loan growth, lower deposit costs, net interest margin expansion, growth in customer fee income and disciplined expense management.”
Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp
“On October 1, 2026, we completed the acquisition of the Commercial Banking Unit of SMBC MANUBANK (“MANUBANK”), an important milestone in the continued evolution of Bank of Hope.”
Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp
“The acquisition advances our core strategic priority to create long-term stockholder value by expanding our presence in Southern California, enhancing our deposit base, adding specialty deposit banking capabilities and broadening our ability to serve multinational customers with U.S. operations.”
Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp
“Our Collaboration and Partnership Agreement with Sumitomo Mitsui Banking Corporation (“SMBC”), which became effective upon closing, opened a meaningful channel to connect customers across markets.”
Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp
“We remain focused on sustainable and profitable earnings growth across a range of operating environments, the results of which are demonstrated in our year-to-date earnings momentum.”
Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp
“The strategic benefits of the MANUBANK acquisition will help bolster continued progress in 2027 and beyond,”
Kevin S. Kim, Chairman, President and Chief Executive Officer of Hope Bancorp
“We sincerely thank all our colleagues for their dedication and contributions to the ongoing integration process and the success of Bank of Hope.”
Hope Bancorp Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2026
Third quarter 2026 net income grew 16% year-over-year and 8% quarter-over-quarter to $35.6 million
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