Hope Bancorp (HOPE) investor relations material

Executive summary

• Net income for Q1 2026 was $29.5 million, up 40% year-over-year, with pre-provision net revenue up 43% year-over-year and 1% quarter-over-quarter, driven by organic growth and the Territorial Bancorp acquisition.

• Announced the accretive, all-cash acquisition of SMBC MANUBANK's commercial banking unit, expected to close in the second half of 2026.

• Gross loans totaled $14.74 billion and deposits reached $15.73 billion at March 31, 2026, up 10-11% and 9% year-over-year, respectively.

Financial highlights

• Net interest income was $124 million, up 23% year-over-year but down 3% sequentially; net interest margin was 2.90%, up 36 bps year-over-year and flat sequentially.

• Noninterest income was $17 million, up $1 million year-over-year, but down $1 million sequentially.

• Noninterest expense was $94.5 million, up 13% year-over-year but down 5% sequentially; efficiency ratio improved to 67%.

• Allowance for credit losses was $155 million, coverage ratio at 1.06%.

• Book value per share was $17.86; tangible common equity per share was $13.73.

Outlook and guidance

• Expect loan growth of over 20% for 2026, including the impact of the pending MANUBANK acquisition.

• Project total revenue growth at the higher end of the 15%-20% range for 2026, assuming one quarter of MANUBANK contribution.

• Pre-provision net revenue growth, excluding notable items, expected at 25%-30% for 2026.

• No Fed funds rate cuts assumed in 2026; steady asset quality backdrop expected.

• MANUBANK acquisition expected to close in H2 2026, with cost savings benefits beginning in 2027.