Hope Bancorp reported higher third-quarter profit, citing stronger revenue and improved operating leverage, and declared a quarterly dividend of 14 cents per share. The company also said it completed its acquisition of SMBC MANUBANK’s Commercial Banking Unit on Oct. 1, a transaction it describes as expanding Bank of Hope’s Southern California presence and capabilities.
Key details
-
Third-quarter net income was $35.6 million, or 28 cents per diluted share. That was up 8% from the second quarter’s $33.0 million, or 26 cents per share, and 16% from $30.8 million, or 24 cents per share, in the third quarter of 2025.
-
Excluding merger-related costs, third-quarter net income was $37.5 million, or 29 cents per diluted share. The company identified merger costs as the notable item affecting the reported result.
-
Management pointed to several contributors to the quarter’s improvement: loan growth, lower deposit costs, a wider net interest margin, higher customer fee income and disciplined expenses. It also said revenue growth and positive operating leverage lifted pre-provision net revenue and net income from both the previous quarter and a year earlier.
-
Hope Bancorp completed the acquisition of MANUBANK’s Commercial Banking Unit on Oct. 1. The company said the purchase supports its strategy of growing in Southern California, strengthening its deposit base, adding specialty deposit-banking capabilities and expanding service to multinational companies with U.S. operations. The announcement provided here does not include financial terms for the acquisition.
-
The board declared a quarterly cash dividend of 14 cents per common share. It is payable on or about Nov. 20 to shareholders of record at the close of business on Nov. 7.
-
The company scheduled an investor call for Oct. 28 to review third-quarter and nine-month results and made an accompanying presentation available. The announcement also covered results for the nine months ended Sept. 30, but the financial figures provided here detail the third quarter.
Plain-English implications
The reported profit growth reflects both higher revenue and cost discipline, while the adjusted figure excludes merger-related expenses. The MANUBANK unit adds to Bank of Hope’s Southern California footprint and deposit and specialty-banking capabilities. The dividend maintains a quarterly cash payment to shareholders.