Hope Bancorp, Inc. reported first‑quarter 2026 results that included a 40% year‑over‑year increase in net income to $29.5 million and earnings per share of $0.23, beating the consensus estimate of $0.22. Revenue for the quarter was $141.1 million, falling short of the consensus estimate of $145.36 million, a miss of $4.26 million.
The quarter’s performance is set against a backdrop of prior‑period results: Q1 2025 net income was $21.1 million and EPS was $0.17, while Q4 2025 net income was $34.5 million and EPS was $0.27. Revenue in Q1 2025 was $116.5 million. Net interest margin remained stable at 2.90% quarter‑over‑quarter, up 36 basis points year‑over‑year from 2.54%, and the cost of interest‑bearing deposits improved to 3.37% from 4.14% a year earlier.
The revenue miss reflects weaker demand in certain segments, but net income growth was driven by disciplined expense management, margin expansion, and the integration of the Territorial Bancorp acquisition. The EPS beat was largely a result of higher pre‑provision net revenue and lower provisions for credit losses, which offset the revenue shortfall.
"In the 2026 first quarter, we delivered year‑over‑year growth in net income, revenue, loans and deposits, driven by organic growth and the strategic benefits of the Territorial Bancorp acquisition. Quarter‑over‑quarter, we saw pre‑provision net revenue growth and improved efficiency, supported by disciplined expense management, a stable net interest margin and continued progress in lowering our cost of deposits. We also returned capital through repurchases of common shares during the quarter," said Kevin S. Kim, Chairman, President and Chief Executive Officer.
The company’s strategic trajectory continues to be reinforced by the integration of Territorial Bancorp and the anticipated accretive acquisition of SMBC MANUBANK’s Commercial Banking Unit, which is expected to enhance profitability and broaden the customer base.
Investors reacted cautiously to the revenue miss, but the EPS beat and stable net interest margin provide reassurance about the bank’s profitability and cost discipline.
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