Cigna earnings beat by $0.04, revenue topped estimates
LOS ANGELES - Hope Bancorp, Inc. (NASDAQ:HOPE) announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.14 per common share, maintaining its impressive 14-year streak of consistent dividend payments. With a current yield of 4.93%, the dividend will be payable on or about August 15, 2025, to stockholders of record as of the close of business on August 1, 2025. According to InvestingPro data, the company has maintained an average dividend yield of 5% over the past three years.
Hope Bancorp is the holding company of Bank of Hope, which describes itself as the only regional Korean American bank in the United States. With a market capitalization of $1.45 billion and trading at just 0.67 times book value, the bank had total assets of $18.55 billion as of June 30, 2025. InvestingPro analysis indicates the company is currently trading near its Fair Value, with analysts forecasting continued profitability this year.
The bank recently expanded its operations through the addition of Territorial Savings, which became a division of Bank of Hope effective April 2, 2025. Following this acquisition, the company states it has become the largest regional bank serving multicultural customers across the continental United States and Hawaii.
Headquartered in Los Angeles, Bank of Hope operates 46 full-service branches across multiple states including California, New York, New Jersey, Washington, Texas, Illinois, Alabama and Georgia. Additionally, it maintains 29 branches in Hawaii under the Territorial Savings banner.
The company offers various financial services including commercial and consumer loans, deposit products, treasury management services, and international trade financing, according to the press release statement.
In other recent news, Hope Bancorp reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.17, compared to the forecasted $0.13. However, the company’s revenue slightly missed expectations, coming in at $116.51 million versus the anticipated $116.6 million. Additionally, Keefe, Bruyette & Woods reiterated its Market Perform rating for Hope Bancorp with a price target of $12.00. The research firm also raised its 2025 and 2026 earnings estimates for the bank by 4% and 7%, respectively. This adjustment was attributed to the positive impact of Hope Bancorp’s bond restructuring initiative. These developments highlight the company’s recent financial performance and strategic actions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.