Hope Bancorp sets quarterly dividend at $0.14 per share

LOS ANGELES - Hope Bancorp, Inc. (NASDAQ:HOPE), the parent company of Bank of Hope, announced on Tuesday that its Board of Directors has approved a quarterly cash dividend of $0.14 per common share. This dividend is scheduled to be distributed on May 16, 2025, to shareholders of record at the close of business on May 2, 2025. According to InvestingPro data, the bank has maintained dividend payments for 14 consecutive years, currently offering an attractive 5.86% dividend yield.

Bank of Hope, recognized as the only regional Korean American bank in the United States, reported total assets amounting to $17.07 billion as of March 31, 2025. With a market capitalization of $1.15 billion, the bank maintains a solid financial position. The recent addition of Territorial Savings to its division on April 2, 2025, has positioned Hope Bancorp as the largest regional bank focused on serving multicultural communities throughout the continental U.S. and Hawaii. InvestingPro analysis indicates the stock is currently trading near its Fair Value, with analysts forecasting improved profitability for 2025.

With headquarters in Los Angeles, Bank of Hope offers an extensive range of financial products and services. These include various loan options, deposit accounts, and fee-based services such as commercial and real estate lending, Small Business Administration (SBA) lending, and residential mortgages. Additionally, the bank provides treasury management, foreign exchange solutions, interest rate derivatives, and international trade financing.

Operating under the Bank of Hope banner, the institution has 46 full-service branches across several states including California, New York, New Jersey, Washington, Texas, Illinois, Alabama, and Georgia. In Hawaii, 29 branches operate under the Territorial Savings banner. Beyond its branch network, Bank of Hope manages SBA loan production offices, commercial and residential mortgage loan production offices across the United States, and maintains a representative office in Seoul, South Korea.

Bank of Hope is chartered in California and offers FDIC-insured deposits as permitted by law. The bank is also committed to equal opportunity lending.

This dividend announcement reflects Hope Bancorp’s ongoing commitment to returning value to its shareholders. The information is based on a press release statement from the company. Despite a challenging market environment that has seen the stock decline 22.77% over the past six months, InvestingPro research reveals multiple positive indicators, including projected profitability and strong dividend sustainability. For deeper insights into Hope Bancorp’s financial health and future prospects, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Hope Bancorp reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.20, compared to the forecasted $0.14. The company recorded a net income of $24.3 million, although its revenue of $118.02 million fell short of the anticipated $120.05 million. In a strategic move, Hope Bancorp and Territorial Bancorp have received all necessary regulatory approvals for their merger, expected to finalize in April 2025. This merger will position the combined entity as the largest regional bank serving multi-cultural communities in the continental U.S. and Hawaii. Analysts from firms like Piper Sandler and KBW have shown interest in the potential impacts of this merger on Hope Bancorp’s financial performance. Additionally, Hope Bancorp announced the upcoming retirement of board director William J. Lewis following the 2025 Annual Meeting of Stockholders. The company expressed gratitude for his contributions and noted that his decision was not due to any disagreements with the company. These developments indicate a period of significant transition and growth for Hope Bancorp.

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