EX-12.1 2 a10-kxex12112x31x2017.htm EXHIBIT 12.1 Exhibit


EXHIBIT 12.1

HOPE BANCORP, INC.
RATIO OF EARNINGS TO FIXED CHARGES

 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
 
2014
 
2013
 
 
(Dollars in thousands)
Excluding interest on deposits
 
13.12x

 
13.44x

 
15.24x

 
14.62x

 
14.10x

Including interest on deposits
 
3.73x

 
4.01x

 
4.50x

 
4.67x

 
5.00x

 
 
 
 
 
 
 
 
 
 
 
Net income
 
$
139,445

 
$
113,747

 
$
92,258

 
$
88,615

 
$
81,755

Income tax provision
 
124,389

 
77,452

 
63,091

 
57,907

 
52,399

Income before income taxes
 
$
263,834

 
$
191,199

 
$
155,349

 
$
146,522

 
$
134,154

 
 
 
 
 
 
 
 
 
 
 
Earnings before income taxes and fixed charges including interest on deposits
 
$
360,503

 
$
254,662

 
$
199,674

 
$
186,460

 
$
167,713

Earnings before income taxes and fixed charges excluding interest on deposits
 
$
285,601

 
$
206,571

 
$
166,262

 
$
157,282

 
$
144,392

 
 
 
 
 
 
 
 
 
 
 
Interest on deposits
 
$
74,902

 
$
48,091

 
$
33,412

 
$
29,178

 
$
23,321

Interest on other borrowings
 
15,822

 
10,488

 
7,206

 
6,882

 
6,697

Estimate of interest within rental expense *
 
5,945

 
4,884

 
3,707

 
3,878

 
3,541

Preferred stock dividends
 
—

 
—

 
—

 
—

 
—

Total fixed charges and Preferred Stock dividends, Including interest on deposits
 
$
96,669

 
$
63,463

 
$
44,325

 
$
39,938

 
$
33,559

Total fixed charges and Preferred Stock dividends, excluding interest on deposits
 
$
21,767

 
$
15,372

 
$
10,913

 
$
10,760

 
$
10,238

 
 
 
 
 
 
 
 
 
 
 
* Estimate of interest within rental expense is estimated to be one-third of rental expense which is considered a reasonable approximation of the interest factor.