Hope Bancorp Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2026

LOS ANGELES--( BUSINESS WIRE)--Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its third quarter and nine months ended September 30, 2026.

For the third quarter of 2026, the Company reported net income of $35.6 million, or $0.28 per diluted common share, up 8% from net income of $33.0 million, or $0.26 per diluted common share, for the second quarter of 2026, and up 16% from net income of $30.8 million, or $0.24 per diluted common share, for the third quarter of 2025. Excluding notable items, which consisted of merger-related costs, third quarter 2026 net income (1) was $37.5 million, or $0.29 per diluted common share (1).

“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,” said Kevin S. Kim, Chairman, President and Chief Executive Officer of the Company. “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.”

Kim continued, “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. 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. 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. We warmly welcome the MANUBANK team and customers as we begin our next chapter together.”

“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. The strategic benefits of the MANUBANK acquisition will help bolster continued progress in 2027 and beyond,” concluded Kim. “We sincerely thank all our colleagues for their dedication and contributions to the ongoing integration process and the success of Bank of Hope.”

(1)

Net income excluding notable items, earnings per diluted common share excluding notable items and pre-provision net revenue are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 to 12. Notable items in the second quarter of 2026 included merger-related costs; notable items for the prior periods are detailed on Table Pages 10 to 12.

Operating Results for the Third Quarter of 2026

Net interest income and net interest margin. Net interest income totaled $135.4 million for the third quarter of 2026, up $6.4 million, or 5%, compared with $129.0 million for the second quarter of 2026, and up $8.8 million, or 7%, from the third quarter of 2025. Net interest margin for the third quarter of 2026 was 3.02%, up six basis points from 2.96% for the second quarter of 2026, and up 13 basis points from 2.89% for the year-ago quarter.

The sequential quarter increase in net interest income was primarily driven by growth in average earning asset balances, higher loan yields and lower deposit costs. The quarter-over-quarter net interest margin expansion was primarily attributable to higher earning asset yields and a favorable funding mix shift. The yield on average loans increased five basis points sequentially to 5.78% for the third quarter of 2026, while the cost of total deposits declined by two basis points to 2.58%.

Noninterest income. For the third quarter of 2026, noninterest income totaled $22.1 million, up $3.3 million, or 17%, compared with $18.9 million for the second quarter of 2026, and up $6.7 million, or 44%, compared with noninterest income of $15.4 million for the third quarter of 2025. The sequential quarter increase in noninterest income reflects growth in customer-related income and fees and higher net gains on sales of Small Business Administration (“SBA”) loans, as well as $3.1 million in net gain on sales of other loans partially offset by a $1.2 million decrease in net gains on sales of securities available for sale. The Company sold $72.2 million of SBA loans in the third quarter of 2026 for a net gain of $4.7 million, compared with $67.9 million of SBA loans sold for a net gain of $4.4 million in the second quarter of 2026.

Noninterest expense. Noninterest expense for the third quarter of 2026 was $102.8 million, up $4.3 million, or 4%, from $98.5 million for the second quarter of 2026, and up $5.9 million, or 6%, from $96.9 million for the third quarter of 2025. Noninterest expense excluding notable items (2) for the third quarter of 2026 was $100.1 million.

In the third quarter of 2026, the reported efficiency ratio improved to 65.3%, down from 66.6% in the prior quarter and 68.2% in the year-ago quarter, as revenue growth outpaced noninterest expense growth. This positive operating leverage also drove growth in pre-provision net revenue (2), which totaled $54.7 million, up 11% quarter-over-quarter and 21% year-over-year. Excluding notable items (2), the efficiency ratio for the third quarter of 2026 was 63.6%, and pre-provision net revenue (2) was $57.3 million.

Income tax provision and tax rate. For the third quarter of 2026, the Company recorded an income tax provision of $10.5 million, compared with an income tax provision of $9.6 million for the second quarter of 2026 and $5.6 million for the third quarter of 2025. The year-to-date effective tax rate for the first nine months of 2026 was 22.5%.

Balance Sheet Summary

Total assets. At September 30, 2026, total assets were $19.19 billion, compared with $18.99 billion at June 30, 2026, and $18.51 billion at September 30, 2025.

Loans. At September 30, 2026, gross loans totaled $15.12 billion, up 1% from $15.03 billion at June 30, 2026, and up 3% from $14.62 billion at September 30, 2025. Year-to-date, gross loans were up 2%. Third quarter 2026 average loans were $14.97 billion, up 1%, equivalent to 5% annualized, from $14.79 billion for the second quarter of 2026, and up 3% from $14.52 billion for the third quarter of 2025. Quarter-over-quarter, loan growth was primarily driven by increases in commercial and industrial and residential mortgage loans. Year-over-year, all of our major loan portfolios of commercial and industrial, residential mortgage and commercial real estate grew.

(2)

Noninterest expense excluding notable items, efficiency ratio excluding notable items, pre-provision net revenue and pre-provision net revenue excluding notable items are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 to 12.

The following table sets forth the loan portfolio composition at September 30, 2026, June 30, 2026, and September 30, 2025:

(dollars in thousands) (unaudited)

9/30/2026

6/30/2026

9/30/2025

Balance

Percentage

Balance

Percentage

Balance

Percentage

Commercial real estate (“CRE”) loans

8,501,707

56.3

8,583,967

57.1

8,434,919

57.7

Commercial and industrial (“C&I”) loans

4,009,821

26.5

3,896,116

25.9

3,752,111

25.6

Residential mortgage and other loans

2,606,317

17.2

2,554,104

17.0

2,436,607

16.7

Gross loans (including held for sale)

15,117,845

100.0

15,034,187

100.0

14,623,637

100.0

Deposits. At September 30, 2026, deposits totaled $16.12 billion, up 2% from $15.88 billion at June 30, 2026, and up 2% compared with $15.83 billion at September 30, 2025. On a sequential quarter basis, end-of-period noninterest bearing demand deposits declined 1%; money market, interest bearing demand and savings deposits increased 10% in aggregate, and time deposits decreased 5%. On an average basis, noninterest bearing demand deposits increased 4% quarter-over-quarter. The planned reduction in time deposits reflected our ongoing efforts to improve the funding mix and reduce the overall cost of funds. The share of time deposits in our deposit mix decreased to 36.7% at September 30, 2026, down from 39.9% a year ago.

The following table sets forth the deposit composition at September 30, 2026, June 30, 2026, and September 30, 2025:

(dollars in thousands) (unaudited)

9/30/2026

6/30/2026

9/30/2025

Balance

Percentage

Balance

Percentage

Balance

Percentage

Noninterest bearing demand deposits

3,501,963

21.7

3,548,452

22.4

3,507,659

22.2

Money market, interest bearing demand, and savings deposits

6,708,100

41.6

6,079,728

38.3

5,995,488

37.9

Time deposits

5,906,106

36.7

6,248,363

39.3

6,328,115

39.9

Total deposits

16,116,169

100.0

15,876,543

100.0

15,831,262

100.0

Gross loan-to-deposit ratio

93.8

94.7

92.4

Credit Quality and Allowance for Credit Losses

Criticized loans. Criticized loan balances remained essentially stable quarter-over-quarter and improved year-over-year. Criticized loans were $334.8 million at September 30, 2026, compared with $334.3 million at June 30, 2026, and down $38.1 million, or 10%, year-over-year from $372.9 million at September 30, 2025. The criticized loan ratio improved to 2.22% of total loans receivable at September 30, 2026, compared with 2.24% at June 30, 2026, and down 34 basis points from 2.56% at September 30, 2025.

Nonperforming assets. Nonperforming assets declined $4.4 million from the prior quarter to $108.5 million, or 0.57% of total assets, at September 30, 2026, compared with 0.59% of total assets at June 30, 2026, and 0.61% of total assets at September 30, 2025. The quarter-over-quarter improvement primarily reflected a reduction in nonaccrual loans.

The following table sets forth the components of nonperforming assets at September 30, 2026, June 30, 2026, and September 30, 2025:

(dollars in thousands) (unaudited)

9/30/2026

6/30/2026

9/30/2025

Loans on nonaccrual status (1)

107,797

111,973

110,010

Accruing delinquent loans past due 90 days or more

—

515

2,149

Total nonperforming loans

107,797

112,488

112,159

Other real estate owned

661

365

—

Total nonperforming assets

108,458

112,853

112,159

Nonperforming assets/total assets

0.57

0.59

0.61

(1) Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $17.3 million, $17.1 million and $15.3 million at September 30, 2026, June 30, 2026, and September 30, 2025, respectively.

Net charge-offs. The Company recorded net charge-offs of $7.0 million for the third quarter of 2026, equivalent to 0.19%, annualized, of average loans. This compares with net charge-offs of $9.0 million, or 0.24%, annualized, of average loans for the second quarter of 2026, and $5.1 million, or 0.14%, annualized, of average loans for the third quarter of 2025.

Provision for credit losses. For the third quarter of 2026, the Company recorded a provision for credit losses of $8.6 million, compared with $6.8 million for the second quarter of 2026 and $8.7 million for the third quarter of 2025. The sequential quarter increase in the provision for credit losses reflected higher loan balances, partially offset by lower net charge-offs in the third quarter of 2026 compared with the prior quarter.

Allowance for credit losses. The allowance for credit losses totaled $154.3 million at September 30, 2026, compared with $153.2 million at June 30, 2026, and $152.5 million at September 30, 2025. The allowance coverage ratio was 1.03% of loans receivable at September 30, 2026, unchanged from June 30, 2026, and compared with 1.05% at September 30, 2025.

The following table sets forth the allowance for credit losses and the coverage ratios at September 30, 2026, June 30, 2026, and September 30, 2025:

(dollars in thousands) (unaudited)

9/30/2026

6/30/2026

9/30/2025

Allowance for credit losses

154,325

153,218

152,509

Allowance for credit losses/loans receivable

1.03

1.05

Capital

At September 30, 2026, the capital ratios of the Company and the Bank continued to exceed all regulatory capital requirements generally required to meet the definition of a “well-capitalized” financial institution.

The following table sets forth the capital ratios for the Company at September 30, 2026, June 30, 2026, and September 30, 2025:

(unaudited)

9/30/2026

6/30/2026

9/30/2025

Minimum Guideline for “Well-Capitalized”

Common Equity Tier 1 Capital Ratio

12.25%

12.27%

12.14%

6.50%

Tier 1 Capital Ratio

12.93%

12.95%

12.83%

8.00%

Total Capital Ratio

13.92%

13.95%

13.85%

10.00%

Leverage Ratio

11.01%

11.07%

10.86%

5.00%

Tangible Common Equity (“TCE”) Ratio (3)

9.28%

9.58%

9.64%

N/A

During the third quarter of 2026, the Company continued to return capital to stockholders through its quarterly common stock dividend of 14 cents per share.

At September 30, 2026, total stockholders’ equity was $2.26 billion, compared with $2.30 billion at June 30, 2026, reflecting growth in retained earnings, return of capital to stockholders, and the net change in accumulated other comprehensive income (“AOCI”), which decreased due to the negative impact of rising interest rates on the fair value of available-for-sale securities. Book value per share at September 30, 2026, was $17.67, compared with $17.97 at June 30, 2026; and TCE per share (3) was $13.55 at September 30, 2026, compared with $13.85 at June 30, 2026.

Subsequent Events

Acquisition of SMBC MANUBANK Commercial Banking Unit. On October 1, 2026, the Company completed the acquisition of the Commercial Banking Unit of SMBC MANUBANK. As part of the closing of the MANUBANK transaction, the Company received an estimated (4) net cash settlement of $307.4 million from the seller, SMBC.

As of the acquisition date of October 1, 2026, loans acquired from MANUBANK totaled approximately $2.20 billion before purchase and other accounting adjustments, comprising $1.35 billion of real estate loans and $0.85 billion of commercial loans, which included $0.20 billion in SBA loans purchased by MANUBANK in the secondary market. Excluding these SBA loans, MANUBANK’s loan portfolio had a weighted average coupon rate of approximately 5.69% at October 1, 2026, before purchase and other accounting adjustments. MANUBANK’s SBA loan portfolio consisted of purchased guaranteed portions of 7(a) loans and these loans would have had a relatively low effective yield for the Company after acquisition; therefore, it was subsequently sold on October 21, 2026, for total net proceeds of $191.3 million with no gain or loss recognized on the sale.

Deposits acquired from MANUBANK totaled approximately $2.60 billion before purchase and other accounting adjustments, comprising $0.66 billion of noninterest bearing demand deposits, $1.77 billion of interest bearing non-maturity deposits, and $0.18 billion of time deposits. The acquired deposits had a weighted average cost of 2.22% at October 1, 2026, before purchase and other accounting adjustments.

(3)

TCE ratio and TCE per share are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 to 12.

(4)

The net cash settlement is based on an estimated final closing statement and is subject to adjustment.

Investor Conference Call

The Company previously announced that it will host an investor conference call on Wednesday, October 28, 2026, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review its unaudited financial results for its third quarter and nine months ended September 30, 2026. Investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (international) and asking for the “Hope Bancorp Call.” A presentation to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp’s website at www.ir-hopebancorp.com. Other interested parties are invited to listen to a live webcast of the call available at the Investor Relations section of Hope Bancorp’s website. After the live webcast, a replay will remain available at the Investor Relations section of Hope Bancorp’s website for at least one year. A telephonic replay of the call will be available at 855-669-9658 (domestic) or 412-317-0088 (international) for one week through November 4, 2026, with the replay access code 6995890.

Non-GAAP Financial Metrics

This news release and accompanying financial tables contain certain non-GAAP financial measure disclosures, including net income excluding notable items, earnings per diluted common share excluding notable items, revenue excluding notable items, noninterest expense excluding notable items, efficiency ratio excluding notable items, effective tax rate excluding notable items, PPNR, PPNR excluding notable items, ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, TCE per share and TCE ratio. Management believes these non-GAAP financial measures provide meaningful supplemental information regarding the Company’s operational performance and the Company’s capital levels and has included these figures in response to market participant interest in these financial metrics. These non-GAAP financial measures supplement, and do not replace, results prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and should be considered together with, and not as an alternative to, the most directly comparable GAAP financial measures. These non-GAAP financial measures may not be comparable to similarly titled measures used by other companies. Quantitative reconciliations of the most directly comparable GAAP to financial measures to the non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 through 12.

About Hope Bancorp, Inc.

Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company for Bank of Hope, a leading regional bank serving multicultural customers across the continental United States and Hawaii, with $19.19 billion in total assets as of September 30, 2026. Headquartered in Los Angeles, California, Bank of Hope offers a comprehensive range of commercial, corporate, and consumer banking products and services, including commercial and commercial real estate lending, SBA lending, residential mortgage and consumer lending, treasury management, foreign exchange solutions, interest rate derivatives, and international trade finance. Bank of Hope’s branch network comprises 45 full-service branches operating under the Bank of Hope banner across California, New York, New Jersey, Washington, Texas, Illinois, Alabama and Georgia, and 28 branches in Hawaii under the Territorial Savings banner; following the acquisition of MANUBANK branches on October 1, 2026, seven additional locations in California were added. Bank of Hope also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices throughout the United States, and a representative office in Seoul, South Korea. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to www.bankofhope.com for Bank of Hope and www.tsbhawaii.bank for Territorial Savings, a division of Bank of Hope. By including the foregoing website address links, the Company does not intend to incorporate by reference any material contained or accessible therein.

Forward-Looking Statements

Some statements in this news release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words “will”, “believes”, “expects”, “anticipates”, “intends”, “plans”, “estimates”, “projects”, and similar expressions and statements regarding Hope Bancorp’s strategic initiatives, the acquisition of the Commercial Banking Unit of SMBC MANUBANK (“MANUBANK”), and Hope Bancorp’s future financial and operational results and capital allocation strategy. With respect to any such forward-looking statements, Hope Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. With respect to the acquisition of MANUBANK, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among other things: difficulties and delays in integrating Hope Bancorp and MANUBANK and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; and deposit attrition, operating costs, customer loss and business disruption following the acquisition, including difficulties in maintaining relationships with employees and customers, which may be greater than expected. For additional information concerning these and other risk factors, see Hope Bancorp’s most recent Annual Report on Form 10‑K and other documents Hope Bancorp files with the SEC from time to time. Hope Bancorp does not undertake, and specifically disclaims, any obligation to update any forward‑looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands, except share data)

Assets:

9/30/2026

6/30/2026

% change

9/30/2025

% change

Cash and due from banks

491,894

640,443

(23

454,909

Investment securities

2,395,438

2,179,253

2,266,034

Federal Home Loan Bank (“FHLB”) stock and other investments

66,115

70,436

106,411

(38

Gross loans, including loans held for sale

15,117,845

15,034,187

14,623,637

Allowance for credit losses

(154,325

)

(153,218

)

(152,509

)

Accrued interest receivable

55,392

53,592

53,159

Premises and equipment, net

74,115

69,968

69,152

Goodwill and intangible assets

525,997

526,890

524,503

Other assets

617,017

570,365

565,503

Total assets

19,189,488

18,991,916

18,510,799

Liabilities:

Deposits

16,116,169

15,876,543

15,831,262

FHLB and Federal Reserve Bank (“FRB”) borrowings

374,000

472,000

(21

24,878

1,403

Subordinated debentures and convertible notes, net

112,040

111,675

110,610

Accrued interest payable

62,823

63,865

74,376

(16

Other liabilities

266,998

171,981

210,713

Total liabilities

16,932,030

16,696,064

16,251,839

Stockholders’ Equity:

Common stock, $0.001 par value

146

Additional paid-in capital

1,528,289

1,525,555

1,521,669

Retained earnings

1,216,813

1,199,120

1,155,874

Treasury stock, at cost

(273,384

)

(273,384

)

(264,667

)

Accumulated other comprehensive loss, net

(214,406

)

(155,585

)

(38

(154,062

)

(39

Total stockholders’ equity

2,257,458

2,295,852

2,258,960

Total liabilities and stockholders’ equity

19,189,488

18,991,916

18,510,799

Common stock shares – authorized

300,000,000

Common stock shares – outstanding

127,758,427

127,741,836

128,185,271

Treasury stock shares

18,155,561

17,382,835

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands, except share and per share data)

Three Months Ended

Nine Months Ended

9/30/2026

6/30/2026

% change

9/30/2025

% change

9/30/2026

9/30/2025

% change

Interest and fees on loans

218,216

211,378

216,774

635,513

623,098

Interest on investment securities

21,631

20,359

21,467

61,208

55,128

Interest on cash and deposits at other banks

4,051

3,808

5,273

(23

11,637

19,261

(40

Interest on other investments and FHLB dividends

1,260

632

1,186

3,121

3,471

(10

Total interest income

245,158

236,177

244,700

711,479

700,958

Interest on deposits

103,493

101,785

115,425

(10

306,733

347,862

(12

Interest on borrowings

6,300

5,423

2,718

132

16,355

8,267

Total interest expense

109,793

107,208

118,143

323,088

356,129

Net interest income

135,365

128,969

126,557

388,391

344,829

Provision for credit losses

8,560

6,770

8,710

23,980

24,602

Net interest income after provision

126,805

122,199

117,847

364,411

320,227

Service fees on deposit accounts

3,439

3,395

3,235

10,169

9,262

Net gains on sales of SBA loans

4,674

4,447

2,774

12,387

9,903

Other customer driven income and fees

8,332

7,721

5,936

23,185

17,958

Net gains (losses) on sales of securities available for sale

—

1,172

(100

—

1,776

(38,856

)

Other noninterest income

5,667

2,115

168

3,440

10,412

9,850

Total noninterest income

22,112

18,850

15,385

57,929

8,117

614

Salaries and employee benefits

58,697

56,901

54,910

171,821

156,204

Occupancy, furniture and equipment

11,737

11,353

11,596

33,656

31,525

Software-related, data and item processing

10,773

10,350

9,683

30,976

25,843

Amortization of investments in affordable housing partnerships

2,740

2,554

3,216

(15

7,768

7,607

FDIC assessment

2,622

2,783

2,942

(11

8,219

7,932

FDIC special assessment expense (reversal)

—

(58

)

—

Earned interest credit

3,109

2,501

3,529

(12

7,993

9,926

(19

Merger related costs

2,650

2,058

958

177

4,942

20,758

(76

Other noninterest expense

10,466

9,964

10,027

30,396

30,400

Total noninterest expense

102,794

98,464

96,861

295,713

290,195

Income before income taxes

46,123

42,585

36,371

126,627

38,149

232

Income tax provision

10,546

9,554

5,595

28,479

11,027

158

Net income

35,577

33,031

30,776

98,148

27,122

262

Earnings per common share (“EPS”) – diluted

0.28

0.26

0.24

0.76

0.22

245

Weighted average shares outstanding – diluted

128,624,630

128,308,861

128,593,874

128,509,496

126,110,136

Hope Bancorp, Inc.

Selected Financial Data

Unaudited

Three Months Ended

Nine Months Ended

Profitability measures (annualized, except as noted):

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Earnings per common share - diluted (not annualized)

0.28

0.26

0.24

0.76

0.22

Earnings per common share - diluted excluding notable items (not annualized) (1)

0.29

0.27

0.25

0.79

0.63

Return on average assets (“ROA”)

0.75

0.71

0.66

0.70

0.20

ROA excluding notable items (1)

0.79

0.74

0.68

0.72

0.58

Return on average equity (“ROE”)

6.19

5.76

5.50

5.70

1.64

ROE excluding notable items (1)

6.52

6.02

5.64

5.90

4.78

Return on average tangible common equity (“ROTCE”) (1)

8.03

7.48

7.19

7.39

2.13

ROTCE excluding notable items (1)

8.45

7.81

7.36

7.65

6.20

Net interest margin

3.02

2.96

2.89

2.96

2.71

Efficiency ratio (not annualized)

65.28

66.61

68.24

66.26

82.22

Efficiency ratio excluding notable items (not annualized) (1)

63.59

65.22

67.56

65.16

68.77

(1) Earnings per common share - diluted excluding notable items, ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, and efficiency ratio excluding notable items are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 10 through 12.

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

Three Months Ended

9/30/2026

6/30/2026

9/30/2025

Interest

Annualized

Interest

Annualized

Interest

Annualized

Average

Income/

Average

Income/

Average

Income/

Average

Balance

Expense

Yield/Cost

Balance

Expense

Yield/Cost

Balance

Expense

Yield/Cost

INTEREST EARNING ASSETS:

Loans, including loans held for sale

14,967,728

218,216

5.78

14,790,642

211,378

5.73

14,522,425

216,774

5.92

Investment securities

2,305,772

21,631

3.72

2,221,334

20,359

3.68

2,256,228

21,467

3.77

Interest earning cash and deposits at other banks

437,305

4,051

3.68

420,971

3,808

3.63

488,992

5,273

4.28

FHLB stock and other investments

51,749

1,260

9.66

51,839

632

4.89

97,584

1,186

4.82

Total interest earning assets

17,762,554

245,158

5.48

17,484,786

236,177

5.42

17,365,229

244,700

5.59

INTEREST BEARING LIABILITIES:

Deposits:

Money market, interest bearing demand and savings

6,363,113

47,120

2.94

6,085,142

43,728

2.88

6,045,464

49,458

3.25

Time deposits

6,033,130

56,373

3.71

6,244,929

58,057

3.73

6,359,578

65,967

4.12

Total interest bearing deposits

12,396,243

103,493

3.31

12,330,071

101,785

3.31

12,405,042

115,425

3.69

FHLB and FRB borrowings

433,276

4,018

3.68

357,510

3,180

3.57

27,286

273

3.97

Subordinated debentures and convertible notes

107,905

2,282

8.28

107,550

2,243

8.25

106,485

2,445

8.98

Total interest bearing liabilities

12,937,424

109,793

3.37

12,795,131

107,208

3.36

12,538,813

118,143

3.74

Noninterest bearing demand deposits

3,501,796

3,362,934

3,506,559

Total funding liabilities/cost of funds

16,439,220

2.65

16,158,065

2.66

16,045,372

2.92

Net interest income/net interest spread

135,365

2.11

128,969

2.06

126,557

1.85

Net interest margin

3.02

2.96

2.89

Cost of deposits:

Noninterest bearing demand deposits

3,501,796

—

3,362,934

—

3,506,559

—

Interest bearing deposits

12,396,243

103,493

3.31

12,330,071

101,785

3.31

12,405,042

115,425

3.69

Total deposits

15,898,039

103,493

2.58

15,693,005

101,785

2.60

15,911,601

115,425

2.88

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

Nine Months Ended

9/30/2026

9/30/2025

Interest

Annualized

Interest

Annualized

Average

Income/

Average

Income/

Average

Balance

Expense

Yield/Cost

Balance

Expense

Yield/Cost

INTEREST EARNING ASSETS:

Loans, including loans held for sale

14,816,982

635,513

5.73

14,139,046

623,098

5.89

Investment securities

2,226,139

61,208

3.68

2,178,155

55,128

3.38

Interest earning cash and deposits at other banks

432,086

11,637

3.60

607,549

19,261

4.24

FHLB stock and other investments

51,757

3,121

8.06

94,272

3,471

4.92

Total interest earning assets

17,526,964

711,479

5.43

17,019,022

700,958

5.51

INTEREST BEARING LIABILITIES:

Deposits:

Money market, interest bearing demand and savings

6,105,493

132,270

2.90

5,927,729

151,960

3.43

Time deposits

6,210,790

174,463

3.76

6,131,577

195,902

4.27

Total interest bearing deposits

12,316,283

306,733

3.33

12,059,306

347,862

3.86

FHLB and FRB borrowings

359,117

9,606

3.58

65,441

993

2.03

Subordinated debentures and convertible notes

107,554

6,749

8.27

106,153

7,274

9.04

Total interest bearing liabilities

12,782,954

323,088

3.38

12,230,900

356,129

3.89

Noninterest bearing demand deposits

3,404,500

3,439,051

Total funding liabilities/cost of funds

16,187,454

2.67

15,669,951

3.04

Net interest income/net interest spread

388,391

2.05

344,829

1.62

Net interest margin

2.96

2.71

Cost of deposits:

Noninterest bearing demand deposits

3,404,500

—

3,439,051

—

Interest bearing deposits

12,316,283

306,733

3.33

12,059,306

347,862

3.86

Total deposits

15,720,783

306,733

2.61

15,498,357

347,862

3.00

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

Three Months Ended

Nine Months Ended

AVERAGE BALANCES:

9/30/2026

6/30/2026

% change

9/30/2025

% change

9/30/2026

9/30/2025

% change

Gross loans, including loans held for sale

14,967,728

14,790,642

14,522,425

14,816,982

14,139,046

Interest earning assets

17,762,554

17,484,786

17,365,229

17,526,964

17,019,022

Goodwill and intangible assets

526,532

527,594

525,022

526,556

505,782

Total assets

18,991,587

18,707,236

18,548,982

18,741,699

18,126,058

Noninterest bearing demand deposits

3,501,796

3,362,934

3,506,559

3,404,500

3,439,051

Interest bearing deposits

12,396,243

12,330,071

12,405,042

12,316,283

12,059,306

Total deposits

15,898,039

15,693,005

15,911,601

15,720,783

15,498,357

Stockholders’ equity

2,299,264

2,293,446

2,237,375

2,297,305

2,203,641

End of Period

LOAN PORTFOLIO:

9/30/2026

6/30/2026

% change

9/30/2025

% change

Loans receivable (held for investment)

15,050,474

14,941,520

14,590,519

Loans held for sale

67,371

92,667

(27

33,118

103

Gross loans

15,117,845

15,034,187

14,623,637

End of Period

CRE LOANS HELD FOR INVESTMENT BY PROPERTY TYPE:

9/30/2026

6/30/2026

% change

9/30/2025

% change

Multi-tenant retail

1,541,629

1,585,528

1,612,673

Industrial warehouses

1,289,124

1,303,250

1,285,752

Multifamily

1,158,229

1,171,422

1,219,701

Gas stations and car washes

1,158,067

1,177,756

1,116,447

Hotels/motels

831,473

820,725

771,089

Mixed-use facilities

721,321

728,108

665,239

Single-tenant retail

638,472

631,319

629,269

Office

320,194

348,708

330,736

All other

804,087

749,908

787,888

Total CRE loans

8,462,596

8,516,724

8,418,794

End of Period

DEPOSIT COMPOSITION:

9/30/2026

6/30/2026

% change

9/30/2025

% change

Noninterest bearing demand deposits

3,501,963

3,548,452

3,507,659

Money market, interest bearing demand, and savings

6,708,100

6,079,728

5,995,488

Time deposits

5,906,106

6,248,363

6,328,115

Total deposits

16,116,169

15,876,543

15,831,262

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands, except share and per share data)

9/30/2026

6/30/2026

9/30/2025

Total stockholders’ equity

2,257,458

2,295,852

2,258,960

Total capital

2,206,215

2,183,720

2,128,319

Common equity tier 1 ratio

12.25

12.27

12.14

Tier 1 capital ratio

12.93

12.95

12.83

Total capital ratio

13.92

13.95

13.85

Leverage ratio

11.01

11.07

10.86

Total risk weighted assets

15,851,445

15,658,083

15,371,526

Book value per common share

17.67

17.97

17.62

Tangible common equity (“TCE”) per share (1)

13.55

13.85

13.53

TCE ratio (1)

9.28

9.58

9.64

(1) TCE per share and TCE ratio are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Page 10.

ALLOWANCE FOR CREDIT LOSSES CHANGES:

Three Months Ended

Nine Months Ended

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

9/30/2026

9/30/2025

Balance at beginning of period

153,218

155,114

156,661

152,509

149,505

156,661

150,527

Initial allowance for purchased credit deteriorated (“PCD”) loans and purchased seasoned loans (“PSL”) acquired (2)

—

3,971

Provision for losses on loans

8,100

7,100

9,200

7,800

8,100

24,400

23,392

Recoveries

910

203

322

1,694

1,517

1,435

4,594

Charge offs

(7,903

)

(9,199

)

(11,069

)

(5,342

)

(6,613

)

(28,171

)

(29,975

)

Balance at end of period

154,325

153,218

155,114

156,661

152,509

154,325

152,509

(2) During the fourth quarter of 2025, the Company adopted ASU 2025-08 effective January 1, 2025, and applied the guidance to the acquisition of Territorial Bancorp, which was completed on April 2, 2025. The presentation of prior periods has been adjusted accordingly.

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Allowance for unfunded loan commitments

2,913

2,453

2,783

3,333

3,933

Three Months Ended

Nine Months Ended

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

9/30/2026

9/30/2025

Provision for losses on loans

8,100

7,100

9,200

7,800

8,100

24,400

23,392

(Credit) provision for unfunded loan commitments

460

(330

)

(550

)

(600

)

610

(420

)

1,210

Provision for credit losses

8,560

6,770

8,650

7,200

8,710

23,980

24,602

Three Months Ended

Nine Months Ended

NET CHARGE OFFS (RECOVERIES):

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

9/30/2026

9/30/2025

CRE loans

3,340

389

817

(1,467

)

(933

)

4,546

(877

)

C&I loans

3,656

8,656

9,931

5,169

5,978

22,243

25,191

Residential mortgage and other loans

)

(49

)

(54

)

(53

)

1,067

Net charge offs

6,993

8,996

10,747

3,648

5,096

26,736

25,381

Net charge offs/average loans (annualized)

0.19

0.24

0.29

0.10

0.14

0.24

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Loans on nonaccrual status (1)

107,797

111,973

109,512

131,747

110,010

Accruing delinquent loans past due 90 days or more

—

515

10,642

3,943

2,149

Total nonperforming loans

107,797

112,488

120,154

135,690

112,159

Other real estate owned (“OREO”)

661

365

—

Total nonperforming assets

108,458

112,853

120,519

136,055

112,159

Nonperforming assets/total assets

0.57

0.59

0.65

0.73

0.61

Nonperforming loans/loans receivable

0.72

0.75

0.82

0.92

0.77

Nonaccrual loans/loans receivable

0.72

0.75

0.90

0.75

Allowance for credit losses/loans receivable

1.03

1.06

1.07

1.05

Allowance for credit losses/nonperforming loans

143.16

136.21

129.10

115.46

135.98

(1) Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $17.3 million, $17.1 million, $19.4 million, $15.6 million, and $15.3 million, at September 30, 2026, June 30, 2026, March 31, 2026, December 31, 2025, and September 30, 2025, respectively.

NONACCRUAL LOANS BY TYPE:

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

CRE loans

44,818

63,647

52,920

65,106

54,016

C&I loans

44,497

31,724

42,538

53,136

45,494

Residential mortgage and other loans

18,482

16,602

14,054

13,505

10,500

Total nonaccrual loans

107,797

111,973

109,512

131,747

110,010

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

30 - 59 days past due

43,098

11,700

29,621

19,056

15,788

60 - 89 days past due

22,177

7,306

4,244

5,117

Total accruing delinquent loans 30-89 days past due

65,275

19,006

29,680

23,300

20,905

ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE BY TYPE:

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

CRE loans

54,523

15,917

11,819

12,064

14,872

C&I loans

8,471

810

604

2,209

3,356

Residential mortgage and other loans

2,281

2,279

17,257

9,027

2,677

Total accruing delinquent loans 30-89 days past due

65,275

19,006

29,680

23,300

20,905

CRITICIZED LOANS:

9/30/2026

6/30/2026

3/31/2026

12/31/2025

9/30/2025

Special mention loans

124,399

128,994

72,668

94,003

131,384

Classified loans

210,356

205,283

252,410

257,113

241,483

Total criticized loans

334,755

334,277

325,078

351,116

372,867

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands, except share and per share data)

Reconciliation of GAAP financial measures to non-GAAP financial measures

Management reviews select non-GAAP financial measures in evaluating the Company’s and the Bank’s financial performance and in response to market participant interest. Reconciliations of the most directly comparable GAAP to non-GAAP financial measures utilized by management are provided below.

TANGIBLE COMMON EQUITY (“TCE”)

9/30/2026

6/30/2026

9/30/2025

Total stockholders’ equity

2,257,458

2,295,852

2,258,960

Goodwill and core deposit intangible assets, net

(525,997

)

(526,890

)

(524,503

)

TCE

1,731,461

1,768,962

1,734,457

Total assets

19,189,488

18,991,916

18,510,799

Goodwill and core deposit intangible assets, net

(525,997

)

(526,890

)

(524,503

)

Tangible assets

18,663,491

18,465,026

17,986,296

TCE ratio (TCE / tangible assets)

9.28

9.58

9.64

Common shares outstanding

127,758,427

127,741,836

128,185,271

Book value per share (GAAP)

17.67

17.97

17.62

TCE per share

13.55

13.85

13.53

Three Months Ended

Nine Months Ended

RETURN ON AVERAGE TANGIBLE COMMON EQUITY (“ROTCE”)

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Average stockholders’ equity

2,299,264

2,293,446

2,237,375

2,297,305

2,203,641

Average goodwill and core deposit intangible assets, net

(526,532

)

(527,594

)

(525,022

)

(526,556

)

(505,782

)

Average TCE

1,772,732

1,765,852

1,712,353

1,770,749

1,697,859

Net income (GAAP)

35,577

33,031

30,776

98,148

27,122

ROTCE (annualized)

8.03

7.48

7.19

7.39

2.13

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands, except share and per share data)

Three Months Ended

Nine Months Ended

PRE-PROVISION NET REVENUE (“PPNR”)

9/30/2026

6/30/2026

% change

9/30/2025

% change

9/30/2026

9/30/2025

% change

Net interest income

135,365

128,969

126,557

388,391

344,829

Noninterest income

22,112

18,850

15,385

57,929

8,117

614

Revenue

157,477

147,819

141,942

446,320

352,946

Less: Noninterest expense

102,794

98,464

96,861

295,713

290,195

PPNR

54,683

49,355

45,081

150,607

62,751

140

Notable items:

Loss on investment portfolio repositioning

—

38,856

FDIC special assessment expense (reversal)

—

(58

)

—

Merger related costs

2,650

2,058

958

4,942

20,758

Total notable items included in PPNR

2,650

2,058

958

4,884

59,614

PPNR, excluding notable items

57,333

51,413

46,039

155,491

122,365

Three Months Ended

Nine Months Ended

PROFITABILITY EXCLUDING NOTABLE ITEMS

9/30/2026

6/30/2026

% change

9/30/2025

% change

9/30/2026

9/30/2025

% change

Net income (GAAP)

35,577

33,031

30,776

98,148

27,122

262

Notable items:

Merger-related provision for credit losses

—

553

Loss on investment portfolio repositioning

—

38,856

FDIC special assessment expense (reversal)

—

(58

)

—

Merger related costs

2,650

2,058

958

4,942

20,758

Total notable items included in pre-tax income

2,650

2,058

958

4,884

60,167

Tax effect on notable items in pre-tax income

(759

)

(590

)

(208

)

(1,399

)

(13,170

)

Notable impact from California state tax apportionment law change

—

4,878

Total notable items, net of tax

1,891

1,468

750

3,485

51,875

Net income excluding notable items

37,468

34,499

31,526

101,633

78,997

Diluted common shares

128,624,630

128,308,861

128,593,874

128,509,496

126,110,136

EPS excluding notable items

0.29

0.27

0.25

0.79

0.63

Average assets

18,991,587

18,707,236

18,548,982

18,741,699

18,126,058

ROA excluding notable items (annualized)

0.79

0.74

0.68

0.72

0.58

Average equity

2,299,264

2,293,446

2,237,375

2,297,305

2,203,641

ROE excluding notable items (annualized)

6.52

6.02

5.64

5.90

4.78

Average TCE

1,772,732

1,765,852

1,712,353

1,770,749

1,697,859

ROTCE excluding notable items (annualized)

8.45

7.81

7.36

7.65

6.20

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands, except share and per share data)

Three Months Ended

Nine Months Ended

NONINTEREST INCOME EXCLUDING NOTABLE ITEMS

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Noninterest income

22,112

18,850

15,385

57,929

8,117

Notable items:

Loss on investment portfolio repositioning

—

38,856

Noninterest income excluding notable items

22,112

18,850

15,385

57,929

46,973

Three Months Ended

Nine Months Ended

EFFICIENCY RATIO EXCLUDING NOTABLE ITEMS

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Noninterest expense

102,794

98,464

96,861

295,713

290,195

Notable items:

FDIC special assessment expense reversal

—

Merger related costs

(2,650

)

(2,058

)

(958

)

(4,942

)

(20,758

)

Noninterest expense excluding notable items

100,144

96,406

95,903

290,829

269,437

Revenue

157,477

147,819

141,942

446,320

352,946

Notable items:

Loss on investment portfolio repositioning

—

38,856

Revenue excluding notable items

157,477

147,819

141,942

446,320

391,802

Efficiency ratio excluding notable items

63.59

65.22

67.56

65.16

68.77

Three Months Ended

Nine Months Ended

EFFECTIVE TAX RATE EXCLUDING NOTABLE ITEMS

9/30/2026

6/30/2026

9/30/2025

9/30/2026

9/30/2025

Income before income taxes

46,123

42,585

36,371

126,627

38,149

Notable items before tax effect

2,650

2,058

958

4,884

60,167

Income before tax excluding notable items

48,773

44,643

37,329

131,511

98,316

GAAP income tax provision

10,546

9,554

5,595

28,479

11,027

Tax effect on notable items in pre-tax income

759

590

208

1,399

13,170

Notable impact from California state tax apportionment law change

—

(4,878

)

Income tax provision excluding notable items

11,305

10,144

5,803

29,878

19,319

Effective tax rate (GAAP)

22.86

22.44

15.38

22.49

28.91

Effective tax rate excluding notable items

23.18

22.72

15.55

22.72

19.65