For the first quarter of 2026, net income of $29.5 million, up 40% year-over-year

Hope Bancorp, Inc. (the "Company" or "Hope") (NASDAQ:HOPE), the holding company of Bank of Hope (the "Bank"), today reported unaudited financial results for its first quarter ended March 31, 2026.

For the three months ended March 31, 2026, the Company recorded net income of $29.5 million, or $0.23 per diluted common share, up 40% from net income of $21.1 million, or $0.17 per diluted common share, for the three months ended March 31, 2025, and down 14% from net income of $34.5 million, or $0.27 per diluted common share, for the three months ended December 31, 2025. For the three months ended March 31, 2026, the Company recorded pre-provision net revenue⁽¹⁾ ("PPNR") of $46.6 million, up 43% from PPNR of $32.6 million for the three months ended March 31, 2025, and up 1% from PPNR of $46.3 million for the three months ended December 31, 2025.

"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.

"On March 31, 2026, we announced the accretive acquisition of the Commercial Banking Unit of SMBC MANUBANK ("MANUBANK"), which aligns directly with our key priorities of building our commercial banking capabilities, expanding our reach among middle market and multinational clients, and growing our core deposit franchise," continued Kim. "We expect to close the transaction in the second half of this year, subject to regulatory approvals and the satisfaction of other customary closing conditions. The pending acquisition is projected to strengthen our core earnings power and efficiently deploy capital, improving our profitability and optimizing our capital ratios without the issuance of new shares. In addition, our future collaboration and partnership with SMBC is expected to create meaningful opportunities to expand our services to a broader, global, multi-cultural customer base. We look forward to providing our new clients with the same excellent level of service they have come to expect from SMBC MANUBANK."

"This is an exciting time for Hope, as we continue to execute on our strategic priorities and build on the momentum generated over the past several quarters to deliver long-term value for our stockholders, further supported by the pending acquisition of MANUBANK. We thank our dedicated team members for their ongoing commitment and contributions in support of our efforts," concluded Kim.

(1)

Pre-provision net revenue ("PPNR") is a non-GAAP financial measure defined as total revenue (net interest income plus noninterest income) less noninterest expense, before provision for credit losses and income taxes.

Operating Results for the First Quarter of 2026

Net interest income and net interest margin. Net interest income totaled $124.1 million for the first quarter of 2026, down $3.3 million, or 3%, compared with $127.4 million for the fourth quarter of 2025, and up $23.2 million, or 23%, from the first quarter of 2025. The quarter-over-quarter change in net interest income reflected the impact of a lower day count in the first quarter and a modest decrease of 0.4% in average earning assets, in which average loans were up but other earning assets declined. Net interest margin for the first quarter of 2026 was 2.90%, unchanged from the fourth quarter of 2025, and up 36 basis points from 2.54% for the year-ago quarter. Year-over-year average earning asset growth reflected the acquisition of Territorial Bancorp, Inc. ("Territorial"), which closed in the second quarter of 2025. Year-over-year net interest margin expansion was primarily driven by funding cost improvements, as the cost of interest bearing deposits decreased 77 basis points to 3.37% for the first quarter of 2026, down from 4.14% for the first quarter of 2025, exceeding the decline in federal funds target rate over the same period.

Noninterest income. For the first quarter of 2026, noninterest income totaled $17.0 million, down $1.4 million, or 8%, compared with $18.4 million for the fourth quarter of 2025, and up $1.3 million, or 8%, compared with $15.7 million for the first quarter of 2025. The quarter-over-quarter decrease was primarily due to less gains on the sale of investment securities and lower customer-level swap fee income. The linked quarter change in customer-level swap fees reflected less underlying transaction activity in the first quarter of 2026. The Company sold $53.0 million of Small Business Administration ("SBA") loans in the first quarter of 2026, for a net gain of $3.3 million, compared with $46.0 million sold for a net gain of $2.6 million in the fourth quarter of 2025. Year-over-year noninterest income growth reflected broad-based improvement in customer fee income across various business lines.

Noninterest expense. Noninterest expense for the first quarter of 2026 totaled $94.5 million, down 5% from $99.4 million for the fourth quarter of 2025, and up 13% from $83.9 million for the first quarter of 2025. The quarter-over-quarter decrease in noninterest expense reflected continued expense management discipline, including a 3% decrease in compensation expense. Compared with the year-ago first quarter, the increase in noninterest expense primarily reflected the addition of Territorial's operating expenses.

The efficiency ratio for the first quarter of 2026 improved to 67.0%, down from 68.2% in the prior quarter and 72.0% in the year-ago quarter, reflecting positive operating leverage alongside disciplined expense management.

Income tax provision and tax rate. For the first quarter of 2026, the Company recorded a provision for income tax of $8.4 million, compared with a provision for income tax of $4.7 million for the fourth quarter of 2025. The fourth quarter 2025 provision for income tax included true-up entries related to the remeasurement of the Company's deferred tax assets and liabilities. The first quarter 2026 reported effective tax rate was 22.1%, compared with 20.3% for the full year of 2025, which included a reported effective tax rate of 11.9% for the fourth quarter of 2025.

Balance Sheet Summary

Total assets. At March 31, 2026, total assets totaled $18.66 billion, compared with $18.53 billion as of December 31, 2025, and $17.07 billion as of March 31, 2025.

Loans. At March 31, 2026, gross loans totaled $14.74 billion, and first quarter 2026 average loans were $14.69 billion, both essentially stable compared with gross loans of $14.79 billion at December 31, 2025, and fourth quarter 2025 average loans of $14.65 billion, respectively. Year-over-year growth in end-of-period and average loans primarily reflected organic residential mortgage growth and the impact of the Territorial Bancorp acquisition.

The following table sets forth the loan portfolio composition at March 31, 2026, December 31, 2025, and March 31, 2025:

(dollars in thousands) (unaudited)	3/31/2026				12/31/2025				3/31/2025
	Balance		Percentage		Balance		Percentage		Balance		Percentage
Commercial real estate ("CRE") loans	$	8,498,246	57.7	%	$	8,494,508	57.4	%	$	8,377,106	62.8	%
Commercial and industrial ("C&I") loans		3,734,978	25.3	%		3,794,788	25.7	%		3,756,046	28.2	%
Residential mortgage and other loans		2,503,919	17.0	%		2,498,621	16.9	%		1,202,325	9.0	%
Gross loans (including held for sale)	$	14,737,143	100.0	%	$	14,787,917	100.0	%	$	13,335,477	100.0	%

Deposits. Total deposits of $15.73 billion at March 31, 2026, increased 1% from $15.60 billion at December 31, 2025, and increased 9% from $14.49 billion at March 31, 2025. Quarter-over-quarter, interest bearing deposits, excluding time deposits, increased 3%; noninterest bearing demand deposits increased 0.5%, and higher-cost time deposits were intentionally decreased. The year-over-year growth in deposits largely reflected the impact of the Territorial Bancorp acquisition.

The following table sets forth the deposit composition at March 31, 2026, December 31, 2025, and March 31, 2025:

(dollars in thousands) (unaudited)	3/31/2026				12/31/2025				3/31/2025
	Balance		Percentage		Balance		Percentage		Balance		Percentage
Noninterest bearing demand deposits	$	3,387,757	21.5	%	$	3,371,759	21.6	%	$	3,362,842	23.2	%
Money market, interest bearing demand, and savings deposits		6,036,197	38.4	%		5,856,373	37.5	%		5,410,471	37.3	%
Time deposits		6,302,488	40.1	%		6,375,011	40.9	%		5,715,006	39.5	%
Total deposits	$	15,726,442	100.0	%	$	15,603,143	100.0	%	$	14,488,319	100.0	%

Gross loan-to-deposit ratio			93.7	%			94.8	%			92.0	%

Credit Quality and Allowance for Credit Losses

Criticized loans. Criticized loans decreased $26.0 million, or 7%, quarter-over-quarter to $325.1 million at March 31, 2026, down from $351.1 million at December 31, 2025, and included a 23% reduction in special mention loans and a 2% reduction in classified loans. Year-over-year, criticized loans were down $123.6 million, or 28%, from $448.7 million at March 31, 2025. The criticized loan ratio improved to 2.22% of total loans receivable at March 31, 2026, down 17 basis points from 2.39% at December 31, 2025, and down 114 basis points from 3.36% at March 31, 2025. The reductions reflected successful resolutions of problem loans.

The following table sets forth the breakdown of criticized loans at March 31, 2026, December 31, 2025, and March 31, 2025:

(dollars in thousands) (unaudited)	3/31/2026			12/31/2025			3/31/2025
Special mention loans	$	72,668		$	94,003		$	184,659
Classified loans		252,410			257,113			264,064
Total criticized loans	$	325,078		$	351,116		$	448,723

Criticized loans/total loans receivable		2.22	%		2.39	%		3.36	%

Nonperforming assets. Nonperforming assets totaled $120.5 million, or 0.65% of total assets, at March 31, 2026, compared with $136.1 million, or 0.73% of total assets, at December 31, 2025, and $83.9 million, or 0.49% of total assets, at March 31, 2025.

The following table sets forth the components of nonperforming assets at March 31, 2026, December 31, 2025, and March 31, 2025:

(dollars in thousands) (unaudited)	3/31/2026			12/31/2025			3/31/2025
Loans on nonaccrual status ⁽¹⁾	$	109,512		$	131,747		$	83,808
Accruing delinquent loans past due 90 days or more		10,642			3,943			98
Total nonperforming loans		120,154			135,690			83,906
Other real estate owned		365			365			—
Total nonperforming assets	$	120,519		$	136,055		$	83,906

Nonperforming assets/total assets		0.65	%		0.73	%		0.49	%

(1)

Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $19.4 million, $15.6 million and $11.8 million at March 31, 2026, December 31, 2025, and March 31, 2025, respectively.

Net charge offs. The Company recorded net charge-offs of $10.7 million for the first quarter of 2026, equivalent to 0.29%, annualized, of average loans. This compares with net charge-offs of $3.6 million, or 0.10%, annualized, of average loans for the fourth quarter of 2025 and $8.3 million, or 0.25%, annualized, of average loans for the first quarter of 2025.

Allowance for credit losses. The allowance for credit losses totaled $155.1 million at March 31, 2026, compared with $156.7 million at December 31, 2025, and $147.4 million at March 31, 2025. The allowance coverage ratio was 1.06% of loans receivable at March 31, 2026, compared with 1.07% at December 31, 2025, and 1.11% at March 31, 2025. The year-over-year change in the allowance coverage ratio largely reflected the impact of the Territorial Bancorp acquisition.

The following table sets forth the allowance for credit losses and the coverage ratios at March 31, 2026, December 31, 2025, and March 31, 2025:

(dollars in thousands) (unaudited)	3/31/2026			12/31/2025			3/31/2025
Allowance for credit losses	$	155,114		$	156,661		$	147,412
Allowance for credit losses/loans receivable		1.06	%		1.07	%		1.11	%

Provision for credit losses. For the first quarter of 2026, the Company recorded provision for credit losses of $8.7 million, compared with $7.2 million for the fourth quarter of 2025 and $4.8 million for the first quarter of 2025. The quarter-over-quarter increase in the provision for credit losses primarily reflected higher net charge-offs in the first quarter of 2026.

Capital

At March 31, 2026, the Company and the Bank's capital ratios continued to exceed all regulatory capital requirements generally required to meet the definition of a "well-capitalized" financial institution. The completion of the Territorial Bancorp acquisition on April 2, 2025, impacted prior year capital and capital ratio comparisons.

The following table sets forth the regulatory capital ratios for the Company at March 31, 2026, December 31, 2025, and March 31, 2025:

(unaudited)	3/31/2026	12/31/2025	3/31/2025	Minimum Guideline for "Well-Capitalized"
Common Equity Tier 1 Capital Ratio	12.35%	12.27%	13.28%	6.50%
Tier 1 Capital Ratio	13.04%	12.96%	14.02%	8.00%
Total Capital Ratio	14.07%	13.99%	15.06%	10.00%
Leverage Ratio	11.11%	11.05%	11.92%	5.00%

During the first quarter of 2026, the Company repurchased 604,161 shares of common stock, equivalent to 0.5% of outstanding common stock, at an average price of $11.10 per share, for a total of $6.7 million, pursuant to its existing share repurchase authorization of $35.3 million.

At March 31, 2026, total stockholders' equity was $2.28 billion, unchanged compared with December 31, 2025. Book value per share at March 31, 2026, was $17.86 compared with $17.81 at December 31, 2025. Tangible common equity ("TCE") per share⁽²⁾ was $13.73 at March 31, 2026, compared with $13.71 at December 31, 2025.

(2)

TCE per share is a non-GAAP financial measure. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 9 to 11.

Investor Conference Call

The Company previously announced that it will host an investor conference call on Tuesday, April 28, 2026, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review its unaudited financial results for its first quarter ended March 31, 2026. Investors and analysts are invited to access the conference call by dialing 866-235-9917 (domestic) or 412-902-4103 (international) and asking for the "Hope Bancorp Call." A presentation to accompany the earnings call will be available at the Investor Relations section of Hope Bancorp's website at www.ir-hopebancorp.com. Other interested parties are invited to listen to a live webcast of the call available at the Investor Relations section of Hope Bancorp's website. After the live webcast, a replay will remain available at the Investor Relations section of Hope Bancorp's website for at least one year. A telephonic replay of the call will be available at 855-669-9658 (domestic) or 412-317-0088 (international) for one week through May 5, 2026, with the replay access code 6856895.

Non-GAAP Financial Metrics

This news release and accompanying financial tables contain certain non-GAAP financial measure disclosures, including net income excluding notable items, earnings per share excluding notable items, noninterest expense excluding notable items, efficiency ratio excluding notable items, effective tax rate excluding notable items, PPNR, PPNR excluding notable items, ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, TCE per share and TCE ratio. Management believes these non-GAAP financial measures provide meaningful supplemental information regarding the Company's operational performance and the Company's capital levels and has included these figures in response to market participant interest in these financial metrics. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 9 through 11.

About Hope Bancorp, Inc.

Hope Bancorp, Inc. (NASDAQ:HOPE) is the holding company for Bank of Hope, with $18.66 billion in total assets as of March 31, 2026. Following the addition of Territorial Savings as a division of Bank of Hope, the Company became the largest regional bank serving multicultural customers across the continental United States and Hawaii. Headquartered in Los Angeles, Bank of Hope offers a comprehensive range of commercial, corporate, and consumer banking products and services, including commercial and commercial real estate lending, SBA lending, residential mortgage and consumer lending, treasury management, foreign exchange solutions, interest rate derivatives, and international trade finance. Bank of Hope operates 45 full-service branches in California, New York, New Jersey, Washington, Texas, Illinois, Alabama and Georgia under the Bank of Hope banner, and 28 branches in Hawaii under the Territorial Savings banner. Bank of Hope also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices throughout the United States, and a representative office in Seoul, South Korea. Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law. Bank of Hope is an Equal Opportunity Lender. For additional information, please go to www.bankofhope.com for Bank of Hope and www.tsbhawaii.bank for Territorial Savings, a division of Bank of Hope. By including the foregoing website address links, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein.

Forward-Looking Statements

Some statements in this news release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements preceded by, followed by or that include the words "will", "believes", "expects", "anticipates", "intends", "plans", "estimates", "projects", and similar expressions and statements regarding Hope Bancorp's strategic initiatives, the acquisition of the Commercial Banking Unit of SMBC MANUBANK ("MANUBANK"), and Hope Bancorp's future financial and operational results and capital allocation strategy. With respect to any such forward-looking statements, Hope Bancorp claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. Hope Bancorp's actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. With the consummation of the pending acquisition of MANUBANK, factors that may cause actual outcomes to differ from what is expressed or forecasted in these forward-looking statements include, among other things: the failure of the conditions to closing to be satisfied or waived; difficulties and delays in integrating Hope Bancorp and MANUBANK and achieving anticipated synergies, cost savings and other benefits from the transaction; higher than anticipated transaction costs; and deposit attrition, operating costs, customer loss and business disruption following the acquisition, including difficulties in maintaining relationships with employees and customers, which may be greater than expected. The closing of the proposed transaction is subject to regulatory approvals and the satisfaction of other customary closing conditions. Other risks and uncertainties include, but are not limited to: possible deterioration of economic conditions in Hope Bancorp's areas of operation and in the U.S. generally or elsewhere, including as a result of the interest rate environment, supply chain disruptions, inflation, labor shortages, changes in the housing and real estate markets, consumer confidence and spending habits; risk of adverse economic or political conditions in South Korea; interest rate risk associated with volatile interest rates and related asset‑liability matching risk; liquidity risks; the possibility that Hope Bancorp may discontinue or otherwise limit repurchases of its common stock from time to time; risk of significant non‑earning assets and net credit losses that could occur, particularly in times of weak economic conditions or rising interest rates; the failure of or changes to assumptions and estimates underlying Hope Bancorp's allowance for credit losses; risk of natural disasters; risk of cybersecurity incidents; potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations; the outcome of any legal proceedings that may be instituted against Hope Bancorp; and the impact of U.S. and global trade policies, including changes in, or the imposition of, tariffs and/or trade barriers and the economic impacts, volatility and uncertainty resulting therefrom including fluctuations in commodity prices such as oil, as well as geopolitical instability and international tensions. For additional information concerning these and other risk factors, see Hope Bancorp's most recent Annual Report on Form 10‑K and other documents Hope Bancorp files with the SEC from time to time. Hope Bancorp does not undertake, and specifically disclaims, any obligation to update any forward‑looking statements to reflect the occurrence of events or circumstances after the date of such statements except as required by law.

Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share data)
Assets:	3/31/2026			12/31/2025			% change		3/31/2025			% change
Cash and due from banks	$	594,769		$	560,059		6	%	$	733,482		(19	)%
Investment securities		2,185,952			2,072,864		5	%		2,088,586		5	%
Federal Home Loan Bank ("FHLB") stock and other investments		68,800			60,176		14	%		103,486		(34	)%
Gross loans, including loans held for sale		14,737,143			14,787,917		0	%		13,335,477		11	%
Allowance for credit losses		(155,114	)		(156,661	)	(1	)%		(147,412	)	5	%
Accrued interest receivable		53,734			52,211		3	%		49,986		7	%
Premises and equipment, net		68,621			69,589		(1	)%		52,296		31	%
Goodwill and intangible assets		528,021			525,938		0	%		466,405		13	%
Other assets		574,938			559,533		3	%		386,010		49	%
Total assets	$	18,656,864		$	18,531,626		1	%	$	17,068,316		9	%

Liabilities:
Deposits	$	15,726,442		$	15,603,143		1	%	$	14,488,319		9	%
FHLB and Federal Reserve Bank ("FRB") borrowings		284,966			284,922		0	%		100,000		185	%
Subordinated debentures and convertible notes, net		111,316			110,962		0	%		109,921		1	%
Accrued interest payable		68,399			78,310		(13	)%		81,436		(16	)%
Other liabilities		182,361			171,021		7	%		128,607		42	%
Total liabilities	$	16,373,484		$	16,248,358		1	%	$	14,908,283		10	%

Stockholders' Equity:
Common stock, $0.001 par value	$	146		$	146		0	%	$	138		6	%
Additional paid-in capital		1,523,015			1,523,702		0	%		1,445,153		5	%
Retained earnings		1,183,986			1,172,394		1	%		1,185,721		0	%
Treasury stock, at cost		(271,372	)		(264,667	)	(3	)%		(264,667	)	(3	)%
Accumulated other comprehensive loss, net		(152,395	)		(148,307	)	(3	)%		(206,312	)	26	%
Total stockholders' equity		2,283,380			2,283,268		0	%		2,160,033		6	%
Total liabilities and stockholders' equity	$	18,656,864		$	18,531,626		1	%	$	17,068,316		9	%

Common stock shares – authorized		300,000,000			300,000,000					300,000,000
Common stock shares – outstanding		127,822,689			128,201,655					121,074,988
Treasury stock shares		17,986,996			17,382,835					17,382,835

Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)

	Three Months Ended
	3/31/2026			12/31/2025			% change		3/31/2025		% change

Interest and fees on loans	$	205,919		$	214,128		(4	)%	$	194,961	6	%
Interest on investment securities		19,218			21,107		(9	)%		15,892	21	%
Interest on cash and deposits at other banks		3,778			4,204		(10	)%		5,205	(27	)%
Interest on other investments and FHLB dividends		1,229			767		60	%		1,108	11	%
Total interest income		230,144			240,206		(4	)%		217,166	6	%

Interest on deposits		101,455			109,388		(7	)%		113,585	(11	)%
Interest on borrowings		4,632			3,413		36	%		2,764	68	%
Total interest expense		106,087			112,801		(6	)%		116,349	(9	)%

Net interest income		124,057			127,405		(3	)%		100,817	23	%
Provision for credit losses		8,650			7,200		20	%		4,800	80	%
Net interest income after provision		115,407			120,205		(4	)%		96,017	20	%

Service fees on deposit accounts		3,335			3,249		3	%		2,921	14	%
Net gains on sales of SBA loans		3,266			2,566		27	%		3,131	4	%
Other customer driven income and fees		7,132			9,059		(21	)%		5,699	25	%
Net gains on sales of securities available for sale		604			1,168		(48	)%		—	NM
Other noninterest income		2,630			2,309		14	%		3,937	(33	)%
Total noninterest income		16,967			18,351		(8	)%		15,688	8	%

Salaries and employee benefits		56,223			57,906		(3	)%		48,460	16	%
Occupancy, furniture and equipment		10,566			11,545		(8	)%		8,836	20	%
Software-related, data and item processing		9,853			9,788		1	%		6,950	42	%
Amortization of investments in affordable housing partnerships		2,474			2,940		(16	)%		1,961	26	%
FDIC assessment		2,814			3,051		(8	)%		2,502	12	%
FDIC special assessment expense (reversal)		(58	)		(691	)	(92	)%		—	NM
Earned interest credit		2,383			3,028		(21	)%		3,087	(23	)%
Merger and restructuring related costs		234			776		(70	)%		2,519	(91	)%
Other noninterest expense		9,966			11,085		(10	)%		9,546	4	%
Total noninterest expense		94,455			99,428		(5	)%		83,861	13	%
Income before income taxes		37,919			39,128		(3	)%		27,844	36	%
Income tax provision		8,379			4,662		80	%		6,748	24	%
Net income	$	29,540		$	34,466		(14	)%	$	21,096	40	%

Earnings per common share – diluted	$	0.23		$	0.27				$	0.17
Weighted average shares outstanding – diluted		128,723,654			128,769,564					121,433,080

Hope Bancorp, Inc.
Selected Financial Data
Unaudited
	Three Months Ended
Profitability measures (annualized, except as noted):	3/31/2026			12/31/2025			3/31/2025
Earnings per common share - diluted (not annualized)	$	0.23		$	0.27		$	0.17
Earnings per common share - diluted excluding notable items (not annualized)⁽¹⁾	$	0.23		$	0.27		$	0.19
Return on average assets ("ROA")		0.64	%		0.74	%		0.49	%
ROA excluding notable items ⁽¹⁾		0.64	%		0.74	%		0.54	%
Return on average equity ("ROE")		5.14	%		6.06	%		3.93	%
ROE excluding notable items⁽¹⁾		5.16	%		6.06	%		4.26	%
Return on average tangible common equity ("ROTCE") ⁽¹⁾		6.66	%		7.87	%		5.02	%
ROTCE excluding notable items⁽¹⁾		6.69	%		7.88	%		5.44	%
Net interest margin		2.90	%		2.90	%		2.54	%
Efficiency ratio (not annualized)		66.98	%		68.22	%		71.98	%
Efficiency ratio excluding notable items (not annualized) ⁽¹⁾		66.85	%		68.16	%		69.82	%

(1)

Earnings per common share - diluted excluding notable items, ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, and efficiency ratio excluding notable items are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Pages 9 through 11.

Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
	Three Months Ended
	3/31/2026						12/31/2025						3/31/2025
			Interest		Annualized				Interest		Annualized				Interest		Annualized
	Average		Income/		Average		Average		Income/		Average		Average		Income/		Average
	Balance		Expense		Yield/Cost		Balance		Expense		Yield/Cost		Balance		Expense		Yield/Cost
INTEREST EARNING ASSETS:
Loans, including loans held for sale	$	14,689,516	$	205,919	5.69	%	$	14,646,767	$	214,128	5.80	%	$	13,455,201	$	194,961	5.88	%
Investment securities		2,149,595		19,218	3.63	%		2,261,726		21,107	3.70	%		2,083,809		15,892	3.09	%
Interest earning cash and deposits at other banks		437,990		3,778	3.50	%		433,029		4,204	3.85	%		496,512		5,205	4.25	%
FHLB stock and other investments		51,682		1,229	9.64	%		63,961		767	4.76	%		87,065		1,108	5.16	%
Total interest earning assets	$	17,328,783	$	230,144	5.39	%	$	17,405,483	$	240,206	5.48	%	$	16,122,587	$	217,166	5.46	%

INTEREST BEARING LIABILITIES:
Deposits:
Money market, interest bearing demand and savings	$	5,862,722	$	41,422	2.87	%	$	6,023,423	$	45,901	3.02	%	$	5,452,632	$	50,619	3.76	%
Time deposits		6,357,880		60,033	3.83	%		6,310,036		63,487	3.99	%		5,674,095		62,966	4.50	%
Total interest bearing deposits		12,220,602		101,455	3.37	%		12,333,459		109,388	3.52	%		11,126,727		113,585	4.14	%
FHLB and FRB borrowings		284,936		2,408	3.43	%		122,986		1,063	3.43	%		121,400		356	1.19	%
Subordinated debentures and convertible notes		107,198		2,224	8.30	%		106,835		2,350	8.61	%		105,815		2,408	9.10	%
Total interest bearing liabilities	$	12,612,736	$	106,087	3.41	%	$	12,563,280	$	112,801	3.56	%	$	11,353,942	$	116,349	4.16	%
Noninterest bearing demand deposits		3,347,070						3,474,131						3,344,732
Total funding liabilities/cost of funds	$	15,959,806			2.70	%	$	16,037,411			2.79	%	$	14,698,674			3.21	%
Net interest income/net interest spread			$	124,057	1.98	%			$	127,405	1.92	%			$	100,817	1.30	%
Net interest margin					2.90	%					2.90	%					2.54	%

Cost of deposits:
Noninterest bearing demand deposits	$	3,347,070	$	—	—	%	$	3,474,131	$	—	—	%	$	3,344,732	$	—	—	%
Interest bearing deposits		12,220,602		101,455	3.37	%		12,333,459		109,388	3.52	%		11,126,727		113,585	4.14	%
Total deposits	$	15,567,672	$	101,455	2.64	%	$	15,807,590	$	109,388	2.75	%	$	14,471,459	$	113,585	3.18	%

Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
	Three Months Ended
AVERAGE BALANCES:	3/31/2026		12/31/2025		% change		3/31/2025		% change
Gross loans, including loans held for sale	$	14,689,516	$	14,646,767	0	%	$	13,455,201	9	%
Interest earning assets		17,328,783		17,405,483	0	%		16,122,587	7	%
Goodwill and intangible assets		525,532		524,118	0	%		466,633	13	%
Total assets		18,521,103		18,595,446	0	%		17,084,378	8	%

Noninterest bearing demand deposits		3,347,070		3,474,131	(4	)%		3,344,732	0	%
Interest bearing deposits		12,220,602		12,333,459	(1	)%		11,126,727	10	%
Total deposits		15,567,672		15,807,590	(2	)%		14,471,459	8	%
Stockholders' equity		2,299,203		2,275,285	1	%		2,148,079	7	%

LOAN PORTFOLIO:	3/31/2026		12/31/2025		% change		3/31/2025		% change
Loans receivable (held for investment)	$	14,639,689	$	14,701,012	0	%	$	13,335,294	10	%
Loans held for sale		97,454		86,905	12	%		183	NM
Gross loans	$	14,737,143	$	14,787,917	0	%	$	13,335,477	11	%

CRE LOANS HELD FOR INVESTMENT BY PROPERTY TYPE:	3/31/2026		12/31/2025		% change		3/31/2025		% change
Multi-tenant retail	$	1,586,993	$	1,618,715	(2	)%	$	1,574,711	1	%
Industrial warehouses		1,282,413		1,258,703	2	%		1,263,037	2	%
Multifamily		1,189,481		1,191,145	0	%		1,202,577	(1	)%
Gas stations and car washes		1,160,481		1,176,491	(1	)%		1,084,310	7	%
Mixed-use facilities		677,227		691,821	(2	)%		699,776	(3	)%
Hotels/motels		826,422		821,845	1	%		757,814	9	%
Single-tenant retail		648,494		658,440	(2	)%		651,950	(1	)%
Office		331,939		331,603	0	%		347,115	(4	)%
All other		754,223		745,745	1	%		795,816	(5	)%
Total CRE loans	$	8,457,673	$	8,494,508	0	%	$	8,377,106	1	%

DEPOSIT COMPOSITION:	3/31/2026		12/31/2025		% change		3/31/2025		% change
Noninterest bearing demand deposits	$	3,387,757	$	3,371,759	0	%	$	3,362,842	1	%
Money market, interest bearing demand, and savings		6,036,197		5,856,373	3	%		5,410,471	12	%
Time deposits		6,302,488		6,375,011	(1	)%		5,715,006	10	%
Total deposits	$	15,726,442	$	15,603,143	1	%	$	14,488,319	9	%

Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
CAPITAL & CAPITAL RATIOS:	3/31/2026			12/31/2025			3/31/2025
Total stockholders' equity	$	2,283,380		$	2,283,268		$	2,160,033
Total capital	$	2,171,355		$	2,171,256		$	2,153,418
Common equity tier 1 ratio		12.35	%		12.27	%		13.28	%
Tier 1 capital ratio		13.04	%		12.96	%		14.02	%
Total capital ratio		14.07	%		13.99	%		15.06	%
Leverage ratio		11.11	%		11.05	%		11.92	%
Total risk weighted assets	$	15,436,061		$	15,520,691		$	14,297,471
Book value per common share	$	17.86		$	17.81		$	17.84
Tangible common equity ("TCE") per share⁽¹⁾	$	13.73		$	13.71		$	13.99
TCE ratio ⁽¹⁾		9.68	%		9.76	%		10.20	%

(1)

TCE per share and TCE ratio are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the accompanying financial information on Table Page 9.

ALLOWANCE FOR CREDIT LOSSES CHANGES:	Three Months Ended
ALLOWANCE FOR CREDIT LOSSES CHANGES:	3/31/2026			12/31/2025			9/30/2025			6/30/2025			3/31/2025
Balance at beginning of period	$	156,661		$	152,509		$	149,505		$	147,412		$	150,527
Initial allowance for purchased credit deteriorated ("PCD") loans and purchased seasoned loans ("PSL") acquired⁽²⁾		—			—			—			3,971			—
Provision for losses on loans		9,200			7,800			8,100			10,092			5,200
Recoveries		322			1,694			1,517			2,844			233
Charge offs		(11,069	)		(5,342	)		(6,613	)		(14,814	)		(8,548	)
Balance at end of period	$	155,114		$	156,661		$	152,509		$	149,505		$	147,412

(2)

During the fourth quarter of 2025, the Company adopted ASU 2025-08 effective January 1, 2025, and applied the guidance to the acquisition of Territorial Bancorp, which was completed on April 2, 2025. The presentation of prior periods has been adjusted accordingly.

	3/31/2026			12/31/2025			9/30/2025		6/30/2025		3/31/2025
Allowance for unfunded loan commitments	$	2,783		$	3,333		$	3,933	$	3,323	$	2,323

	Three Months Ended
	3/31/2026			12/31/2025			9/30/2025		6/30/2025		3/31/2025
Provision for losses on loans	$	9,200		$	7,800		$	8,100	$	10,092	$	5,200
Provision (credit) for unfunded loan commitments		(550	)		(600	)		610		1,000		(400	)
Provision for credit losses	$	8,650		$	7,200		$	8,710	$	11,092	$	4,800

Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands)
NET LOAN CHARGE OFFS (RECOVERIES):	3/31/2026			12/31/2025			9/30/2025			6/30/2025			3/31/2025
CRE loans	$	817		$	(1,467	)	$	(933	)	$	(843	)	$	899
C&I loans		9,931			5,169			5,978			11,829			7,384
Residential mortgage and other loans		(1	)		(54	)		51			984			32
Net loan charge offs	$	10,747		$	3,648		$	5,096		$	11,970		$	8,315
Net charge offs/average loans (annualized)		0.29	%		0.10	%		0.14	%		0.33	%		0.25	%

NONPERFORMING ASSETS:	3/31/2026			12/31/2025			9/30/2025			6/30/2025			3/31/2025
Loans on nonaccrual status ⁽¹⁾	$	109,512		$	131,747		$	110,010		$	110,739		$	83,808
Accruing delinquent loans past due 90 days or more		10,642			3,943			2,149			2,149			98
Total nonperforming loans		120,154			135,690			112,159			112,888			83,906
Other real estate owned ("OREO")		365			365			—			—			—
Total nonperforming assets	$	120,519		$	136,055		$	112,159		$	112,888		$	83,906

Nonperforming assets/total assets		0.65	%		0.73	%		0.61	%		0.61	%		0.49	%
Nonperforming loans/loans receivable		0.82	%		0.92	%		0.77	%		0.78	%		0.63	%
Nonaccrual loans/loans receivable		0.75	%		0.90	%		0.75	%		0.77	%		0.63	%
Allowance for credit losses/loans receivable		1.06	%		1.07	%		1.05	%		1.04	%		1.11	%
Allowance for credit losses/nonperforming loans		129.10	%		115.46	%		135.98	%		132.44	%		175.69	%

(1)

Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $19.4 million, $15.6 million, $15.3 million, $15.3 million, and $11.8 million, at March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025, and March 31, 2025, respectively.

NONACCRUAL LOANS BY TYPE:	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025
CRE loans	$	52,920	$	65,106	$	54,016	$	55,368	$	24,106
C&I loans		42,538		53,136		45,494		46,945		50,544
Residential mortgage and other loans		14,054		13,505		10,500		8,426		9,158
Total nonaccrual loans	$	109,512	$	131,747	$	110,010	$	110,739	$	83,808

ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE:	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025
30 - 59 days past due	$	29,621	$	19,056	$	15,788	$	4,909	$	11,927
60 - 89 days past due		59		4,244		5,117		2,843		27,719
Total accruing delinquent loans 30-89 days past due	$	29,680	$	23,300	$	20,905	$	7,752	$	39,646


ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE BY TYPE:	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025
CRE loans	$	11,819	$	12,064	$	14,872	$	4,377	$	4,993
C&I loans		604		2,209		3,356		1,084		27,455
Residential mortgage and other loans		17,257		9,027		2,677		2,291		7,198
Total accruing delinquent loans 30-89 days past due	$	29,680	$	23,300	$	20,905	$	7,752	$	39,646


CRITICIZED LOANS:	3/31/2026		12/31/2025		9/30/2025		6/30/2025		3/31/2025
Special mention loans	$	72,668	$	94,003	$	131,384	$	137,313	$	184,659
Classified loans		252,410		257,113		241,483		277,418		264,064
Total criticized loans	$	325,078	$	351,116	$	372,867	$	414,731	$	448,723

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands, except share and per share data)

Reconciliation of GAAP financial measures to non-GAAP financial measures

Management reviews select non-GAAP financial measures in evaluating the Company's and the Bank's financial performance and in response to market participant interest. Reconciliations of the most directly comparable GAAP to non-GAAP financial measures utilized by management are provided below.

TANGIBLE COMMON EQUITY ("TCE")	3/31/2026			12/31/2025			3/31/2025
Total stockholders' equity	$	2,283,380		$	2,283,268		$	2,160,033
Goodwill and core deposit intangible assets, net		(528,021	)		(525,938	)		(466,405	)
TCE	$	1,755,359		$	1,757,330		$	1,693,628

Total assets	$	18,656,864		$	18,531,626		$	17,068,316
Goodwill and core deposit intangible assets, net		(528,021	)		(525,938	)		(466,405	)
Tangible assets	$	18,128,843		$	18,005,688		$	16,601,911

TCE ratio		9.68	%		9.76	%		10.20	%
Common shares outstanding		127,822,689			128,201,655			121,074,988
Book value per share (GAAP)	$	17.86		$	17.81		$	17.84
TCE per share	$	13.73		$	13.71		$	13.99


	Three Months Ended
RETURN ON AVERAGE TANGIBLE COMMON EQUITY ("ROTCE")	3/31/2026			12/31/2025			3/31/2025
Average stockholders' equity	$	2,299,203		$	2,275,285		$	2,148,079
Average goodwill and core deposit intangible assets, net		(525,532	)		(524,118	)		(466,633	)
Average TCE	$	1,773,671		$	1,751,167		$	1,681,446

Net income (GAAP)	$	29,540		$	34,466		$	21,096
ROTCE (annualized)		6.66	%		7.87	%		5.02	%

Hope Bancorp, Inc.
Selected Financial Data
Unaudited (dollars in thousands, except share and per share data)
	Three Months Ended
PRE-PROVISION NET REVENUE ("PPNR")	3/31/2026			12/31/2025			3/31/2025
Net interest income	$	124,057		$	127,405		$	100,817
Noninterest income		16,967			18,351			15,688
Revenue		141,024			145,756			116,505
Less: Noninterest expense		94,455			99,428			83,861
PPNR	$	46,569		$	46,328		$	32,644

Notable items:
FDIC special assessment expense (reversal)	$	(58	)	$	(691	)	$	—
Merger and restructuring-related costs		234			776			2,519
Total notable items included in PPNR		176			85			2,519
PPNR, excluding notable items	$	46,745		$	46,413		$	35,163

	Three Months Ended
PROFITABILITY RATIOS EXCLUDING NOTABLE ITEMS	3/31/2026			12/31/2025			3/31/2025
Net income (GAAP)	$	29,540		$	34,466		$	21,096
Notable items:
FDIC special assessment expense (reversal)		(58	)		(691	)		—
Merger and restructuring-related costs		234			776			2,519
Total notable items included in pre-tax income		176			85			2,519
Tax effect on notable items in pre-tax income		(50	)		(25	)		(741	)
Notable impact from California state tax apportionment law change		—			(49	)		—
Total notable items, net of tax		126			11			1,778
Net income excluding notable items	$	29,666		$	34,477		$	22,874

Diluted common shares		128,723,654			128,769,564			121,433,080
EPS excluding notable items	$	0.23		$	0.27		$	0.19
Average assets	$	18,521,103		$	18,595,446		$	17,084,378
ROA excluding notable items (annualized)		0.64	%		0.74	%		0.54	%
Average equity	$	2,299,203		$	2,275,285		$	2,148,079
ROE excluding notable items (annualized)		5.16	%		6.06	%		4.26	%
Average TCE	$	1,773,671		$	1,751,167		$	1,681,446
ROTCE excluding notable items (annualized)		6.69	%		7.88	%		5.44	%

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands, except share and per share data)

Three Months Ended

EFFICIENCY RATIO EXCLUDING NOTABLE ITEMS

3/31/2026

12/31/2025

3/31/2025

Noninterest expense

94,455

99,428

83,861

Notable items:

Hope Bancorp Reports Financial Results for the First Quarter Ended March 31, 2026