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Hope Bancorp HOPE Q1 2024 earnings

Reported April 29, 2024 · Before market open

Revenue$123.3MMiss by $7.1M
EPS$0.23Miss by $0.03
Revenue estimate$130.4M
EPS estimate$0.26

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$152.6M
EPS estimate$0.30

Financials

Q1 2024

Income statement

See full
Revenue$123.3M-14.9%
Net income$25.9M-33.9%
EPS (diluted)$0.21-36.4%

Balance sheet

See full
Cash & equivalents$1.2B-46.4%
Total debt$845.4M-61.4%
Total equity$2.1B+2.6%
Total assets$18.1B-12.1%

Cash flow

See full
Operating cash flow$29.6M-61.1%
CapEx$2.1M-29.3%
Free cash flow$27.5M-62.4%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$1.38B+17.4%
Enterprise value$1.04B-9.5%
P/E11.5×+5.5×
P/S2.5×+0.6×

Profitability

See full
Net margin21.9%-9.4pp
FCF margin75.5%+16.9pp

Returns & leverage

See full
Return on equity5.8%-3.8pp
Debt / equity0.4×-0.7×

Versus estimates

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Questions, answered.

When did Hope Bancorp report Q1 2024 earnings?
Hope Bancorp (HOPE) reported Q1 2024 earnings on April 29, 2024 before market open.
What were Hope Bancorp's Q1 2024 revenue and EPS?
Hope Bancorp reported revenue of $123.3M and eps of $0.23 for Q1 2024.
Did Hope Bancorp beat estimates in Q1 2024?
Revenue missed the consensus estimate of $130.4M by $7.1M. EPS missed the consensus estimate of $0.26 by $0.03.
Where can I find Hope Bancorp's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0001128361-24-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.