Hope Bancorp reported third-quarter 2026 net income of $35.6 million, up from both the prior quarter and a year earlier, citing stronger revenue and improved operating performance. The bank also highlighted its October 1 acquisition of SMBC MANUBANK’s commercial banking unit, which expands its Southern California presence and adds specialty deposit capabilities.
The company also declared a quarterly cash dividend of 14 cents per common share.
Key details
- Third-quarter earnings rose: Net income was $35.6 million, or 28 cents per diluted share. That compares with $33.0 million, or 26 cents per share, in the second quarter of 2026, and $30.8 million, or 24 cents per share, in the third quarter of 2025.
- Results excluding merger costs were higher: Excluding merger-related costs, Hope Bancorp reported third-quarter net income of $37.5 million, or 29 cents per diluted share.
- Management pointed to several operating drivers: The company cited loan growth, lower deposit costs, a wider net interest margin, higher customer fee income and disciplined expenses. It said these factors contributed to quarter-over-quarter and year-over-year growth in pre-provision net revenue and net income.
- The MANUBANK unit acquisition closed October 1: Hope Bancorp said the deal expands Bank of Hope’s Southern California presence, strengthens its deposit base, adds specialty deposit banking capabilities and broadens its ability to serve multinational companies with U.S. operations. The results announcement provided here does not specify the transaction’s financial terms.
- A 14-cent dividend was declared: The dividend is payable on or about November 20 to shareholders of record at the close of business on November 7.
- The company scheduled a results call and released a presentation: A conference call was set for October 28, with an accompanying presentation made available through Hope Bancorp’s investor relations website. The presentation includes historical and forward-looking information.
Plain-English implications
The acquisition adds commercial banking operations and deposit capabilities to Bank of Hope, consistent with the company’s stated strategy of expanding in Southern California and serving multinational customers. The third-quarter figures show earnings growth on both a sequential and year-over-year basis; the company also reported results for the first nine months of 2026, though the figures are not included in the information presented here.