AcquisitionsApr 28, 2026, 08:03 AM
HOPE Q1 Net Income $29.5M, +40% YoY; MANUBANK Commercial Unit Acquisition
AI Summary
Hope Bancorp reported Q1 2026 net income of $29.5 million, a 40% increase year-over-year, and pre-provision net revenue (PPNR) of $46.6 million, up 43% YoY. The company also announced the pending acquisition of SMBC MANUBANK's Commercial Banking Unit, expected to close in H2 2026, which aims to strengthen commercial banking capabilities and expand its core deposit franchise. Additionally, Hope Bancorp declared a quarterly cash dividend of $0.14 per common share, reflecting continued capital returns.
Key Highlights
- Pending acquisition of SMBC MANUBANK's Commercial Banking Unit, expected to close in H2 2026.
- Q1 2026 Net Income: $29.5 million, up 40% year-over-year.
- Q1 2026 Diluted EPS: $0.23, up from $0.17 year-over-year.
- Q1 2026 Pre-Provision Net Revenue (PPNR): $46.6 million, up 43% year-over-year.
- Quarterly cash dividend declared: $0.14 per common share.
- Total assets at March 31, 2026: $18.66 billion.
- Total deposits at March 31, 2026: $15.73 billion, up 9% year-over-year.
- Net interest margin for Q1 2026: 2.90%, unchanged QoQ, up 36 bps YoY.