8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

January 30, 2024

Date of Report (Date of earliest event reported)

HOPE BANCORP INC

(Exact name of registrant as specified in its charter)

Delaware	000-50245	95-4849715
(State of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

3200 Wilshire Boulevard, Suite 1400

Los Angeles, California 90010

(Address of principal executives offices, including zip code)

(213) 639-1700

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Common Stock	,	par value $0.001 per share	HOPE	NASDAQ Global Select Market
(Title of class)			(Trading Symbol)	(Name of exchange on which registered)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On January 30, 2024, Hope Bancorp, Inc. (“HOPE” or the “Company”) issued a news release concerning its results of operations and financial condition for the fourth quarter and full year ended and as of December 31, 2023. A copy of the January 30, 2024, news release is furnished as Exhibit 99.1 and incorporated herein by reference.

The information furnished under Item 2.02, Item 7.01, and certain exhibits under Item 9.01 of this Current Report on Form 8-K (including Exhibits 99.1 and 99.2 to this Current Report on Form 8-K) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to liabilities under that Section, nor shall it be deemed incorporated by reference in any registration statement or other filings of the Company under the Securities Act of 1933 or the Exchange Act, except as shall be set forth as a specific reference in such filing.

Item 7.01. Regulation FD Disclosure

The Company previously announced that it will host an investor conference call on Tuesday, January 30, 2024 at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review financial results for its fourth quarter and full year ended and as of December 31, 2023. A presentation to accompany the conference call, which contains certain historical and forward-looking information relating to the Company (the “Presentation Materials”), has been made available at the Investor Relations section of Hope Bancorp’s website at www.ir-hopebancorp.com. A copy of the Presentation Materials is furnished as Exhibit 99.2 and incorporated herein by reference.

Item 8.01 Other Events.

On January 30, 2024, the Company issued a news release announcing that its Board of Directors declared a quarterly cash dividend of $0.14 per common share. The cash dividend is payable on or about February 23, 2024, to all stockholders of record as of the close of business on February 9, 2024. A copy of the January 30, 2024, news release is attached hereto as Exhibit 99.3.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.	Description of Exhibit
99.1	News release, dated January 30, 2024, concerning the results of operations and financial condition for the fourth quarter and full year ended and as of December 31, 2023.
99.2	Presentation Materials, dated January 30, 2024.
99.3	News release, dated January 30, 2024, announcing the declaration of a quarterly cash dividend.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		HOPE BANCORP, INC.
Date: January 30, 2024	By:	/s/ Kevin S. Kim
		Kevin S. Kim
		Chairman, President and Chief Executive Officer

EX-99.1

News Release

HOPE BANCORP REPORTS 2023 FOURTH QUARTER AND

FULL-YEAR FINANCIAL RESULTS

LOS ANGELES - January 30, 2024 - Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its fourth quarter and full year ended December 31, 2023. For the three months ended December 31, 2023, net income totaled $26.5 million, or $0.22 per diluted common share. For the full year ended December 31, 2023, net income totaled $133.7 million, or $1.11 per diluted common share.

“Net income for the 2023 fourth quarter was $26.5 million, or $38.3 million excluding the FDIC special assessment and restructuring charges related to our strategic reorganization,” stated Kevin S. Kim, Chairman, President and Chief Executive Officer. “Excluding these notable items, our net income was up 26% quarter-over-quarter. Continued focus on expense discipline and improvements in our credit quality metrics were important contributors to our net income growth. Nonperforming assets decreased 26%, and criticized loans declined 11% from September 30, 2023. Net charge offs for the 2023 fourth quarter were a very low five basis points, annualized, of average loans.

“We grew tangible book value 6% year-over-year, and all our regulatory risk-based capital ratios expanded,” continued Kim. “At December 31, 2023, the Company’s total capital ratio was 13.9% and common equity tier 1 capital ratio was 12.3%. Our strong capital positions the Bank well to support all our customers in their growth plans for the new year.

“The 2023 fourth quarter was an important building quarter for the Company with the announcement of our strategic reorganization in October. We believe our realignment around lines of business and products will enable Bank of Hope to operate more efficiently, support high-quality loan and deposit growth, and deliver improved returns in the years to come, enhancing stockholder value over the long term,” concluded Kim. “I wish to thank all our team members at Bank of Hope for their continued dedication to our organization and their excellence in serving our customers.”

Operating Results for the 2023 Fourth Quarter

Net income and earnings per share. Net income for the 2023 fourth quarter was $26.5 million, or $0.22 per diluted common share, compared with $30.0 million, or $0.25 per diluted common share, for the immediately preceding third quarter. Notable items impacting net income in the fourth quarter of 2023 were $8.7 million of restructuring costs, after tax, related to the Company’s previously announced strategic reorganization, and $3.1 million, after tax, accrued for the Federal Deposit Insurance Corporation (“FDIC”) special assessment, which was approved by the FDIC Board of Directors in November 2023. Excluding these notable items, net income for the 2023 fourth quarter was $38.3 million(1), up 26% from $30.4 million (excluding $376,000, after tax, of restructuring costs) for the third quarter of 2023. Earnings per diluted common share excluding notable items(1) amounted to $0.32 for the three months ended December 31, 2023, up 28% compared with $0.25 per diluted common share for the immediately preceding third quarter.

Net interest income and net interest margin. Net interest income before provision for credit losses for the 2023 fourth quarter totaled $125.9 million, compared with $135.4 million in the immediately preceding third quarter, a decrease of 7% quarter-over-quarter. Fourth quarter 2023 net interest margin contracted 13 basis points to 2.70%, from 2.83% in the 2023 third quarter. The linked quarter change in net interest income and net interest margin reflected a higher cost of interest bearing deposits and a decrease in the average balance of loans, partially offset by higher yields on investment securities and other earning assets, as well as a decrease in the average balance of interest bearing deposits. In addition, the third quarter of 2023 included $3.1 million of recovered interest income related to one borrower relationship, which contributed eight basis points to the average loan yield and six basis points to the net interest margin in the third quarter.

_____________________________________

(1) Net income, excluding the FDIC special assessment and restructuring charges (also referred to collectively as the “notable items”), and earnings per diluted common share 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 10 and 11.

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Noninterest income. Noninterest income for the 2023 fourth quarter totaled $9.3 million, increasing 12% from $8.3 million in the immediately preceding third quarter. Growth was well distributed across various fee income lines. The Company did not sell any SBA 7(a) loans during the second half of 2023, retaining loan production on the balance sheet instead.

Noninterest expense. Noninterest expense for the 2023 fourth quarter was $99.9 million, including $11.1 million of pre-tax restructuring costs, primarily comprising severance costs, planned branch consolidation charges and professional fees, and $4.0 million (pre-tax) accrued for the FDIC special assessment. Excluding these notable items, fourth quarter 2023 noninterest expense(2) was $84.8 million, down 2% from $86.4 million (excluding $500,000, pre-tax, of restructuring charges) in the 2023 third quarter. Fourth quarter 2023 salaries and employee benefits expense decreased 7% to $47.4 million, down from $51.0 million in the 2023 third quarter, reflecting the reduction to total headcount related to the restructuring. Other noninterest expense increased quarter-over-quarter, primarily reflecting increased CRA investment expense and provision for unfunded loan commitments.

Tax rate. The effective tax rate for the 2023 fourth quarter was 21.2%, compared with 24.9% for the immediately preceding third quarter. For the full year 2023, the effective tax rate was 24.9%, compared with 26.3% for the full year 2022.

Balance Sheet Summary

Cash and investment securities.At December 31, 2023, cash and cash equivalents totaled $1.93 billion, compared with $2.50 billion at September 30, 2023, primarily driven by a decrease in deposit balances. At December 31, 2022, cash and equivalents were $506.8 million. Investment securities totaled $2.41 billion at December 31, 2023, up from $2.26 billion at September 30, 2023, and $2.24 billion at December 31, 2022.

Loans. Loans receivable of $13.85 billion at December 31, 2023, decreased 3% from $14.31 billion at September 30, 2023, reflecting declines in commercial and commercial real estate loans, partially offset by growth in residential mortgage loans. During the 2023 fourth quarter, the Company exited its residential mortgage warehouse line business, which accounted for $64.7 million of the linked quarter decrease in loans. Fourth quarter average loans of $14.05 billion decreased 3% quarter-over-quarter.

The following table sets forth the loan portfolio composition at December 31, 2023, September 30, 2023, and December 31, 2022:

(dollars in thousands) (unaudited)	12/31/2023				9/30/2023				12/31/2022
	Balance		Percentage		Balance		Percentage		Balance		Percentage
Commercial real estate (“CRE”) loans	$	8,797,884	63.6	%	$	8,972,886	62.7	%	$	9,414,580	61.1	%
Commercial and industrial (“C&I”) loans	4,135,044		29.8	%	4,450,341		31.1	%	5,109,532		33.2	%
Residential mortgage and other loans	920,691		6.6	%	882,966		6.2	%	879,428		5.7	%
Loans receivable	$	13,853,619	100.0	%	$	14,306,193	100.0	%	$	15,403,540	100.0	%

Deposits. Total deposits of $14.75 billion at December 31, 2023, decreased 6% from $15.74 billion at September 30, 2023. Fourth quarter 2023 average deposits of $15.26 billion decreased 3% quarter-over-quarter. During the fourth quarter of 2023, the Company reduced brokered time deposits by $449.9 million, or 25% from September 30, 2023. Noninterest bearing demand deposits decreased in the fourth quarter of 2023 primarily due to seasonality of funds from commercial customers in the residential mortgage business; these customers were unrelated to the exit of residential mortgage warehouse lending.

_____________________________________

(2) Noninterest expense, excluding notable items, is a non-GAAP financial measure. A quantitative reconciliation of the most directly comparable GAAP to non-GAAP financial measures is provided in the accompanying financial information on Table Pages 10 and 11.

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The gross loan-to-deposit ratio was 93.9% at December 31, 2023, compared with 91.0% at September 30, 2023, and 98.2% at December 31, 2022.

The following table sets forth the deposit composition at December 31, 2023, September 30, 2023, and December 31, 2022:

(dollars in thousands) (unaudited)	12/31/2023				9/30/2023				12/31/2022
	Balance		Percentage		Balance		Percentage		Balance		Percentage
Noninterest bearing demand deposits	$	3,914,967	26.5	%	$	4,249,788	27.0	%	$	4,849,493	30.8	%
Money market, interest bearing   demand, and savings deposits	4,872,029		33.0	%	4,855,683		30.9	%	5,899,248		37.5	%
Time deposits	5,966,757		40.5	%	6,634,388		42.1	%	4,990,060		31.7	%
Total deposits	$	14,753,753	100.0	%	$	15,739,859	100.0	%	$	15,738,801	100.0	%
Gross loan-to-deposit ratio			93.9	%			91.0	%			98.2	%

Borrowings. Federal Home Loan Bank and Federal Reserve Bank borrowings totaled $1.80 billion at December 31, 2023, unchanged from September 30, 2023, and up from $865.0 million at December 31, 2022.

Credit Quality and Allowance for Credit Losses

Nonperforming assets. Nonperforming assets totaled $45.5 million at December 31, 2023, a decrease of 26% from $61.7 million at September 30, 2023. The nonperforming assets ratio was 0.24% of total assets at December 31, 2023, an improvement from 0.31% of total assets at September 30, 2023.

The following table sets forth the components of nonperforming assets at December 31, 2023, September 30, 2023, and December 31, 2022:

(dollars in thousands) (unaudited)	12/31/2023			9/30/2023			12/31/2022
Loans on nonaccrual status (1)	$	45,204		$	39,081		$	49,687
Accruing delinquent loans past due 90 days or more		261			21,579			401
Accruing troubled debt restructured loans (2)		—			—			16,931
Total nonperforming loans		45,465			60,660			67,019
Other real estate owned		63			1,043			2,418
Total nonperforming assets	$	45,528		$	61,703		$	69,437
Nonperforming assets/total assets		0.24	%		0.31	%		0.36	%

_____________________________________

(1)     Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $11.4 million, $12.1 million and $9.8 million at December 31, 2023, September 30, 2023, and December 31, 2022, respectively.

(2)     The Company adopted ASU 2022-02 in 2023, which eliminated the concept of troubled debt restructured (“TDR”) loans from GAAP; therefore, accruing TDR loans are no longer included in nonperforming loans.

Criticized loans. Criticized loans decreased 11% quarter-over-quarter to $322.4 million at December 31, 2023, down from $360.8 million at September 30, 2023. Both special mention and substandard loans decreased quarter-over-quarter. The decrease was largely driven by upgrades, along with payoffs and note sales. As of December 31, 2022, criticized loans totaled $261.3 million.

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Net charge offs and provision for credit losses. The Company recorded net charge offs of $1.8 million in the 2023 fourth quarter, equivalent to 0.05%, annualized, of average loans. This was an improvement from net charge offs of $31.0 million, or 0.85%, annualized, of average loans in the immediately preceding third quarter. Accordingly, the Company recorded a provision for credit losses of $1.7 million for the 2023 fourth quarter, compared with $16.8 million in the immediately preceding third quarter. For the full year 2023, net charge offs were 0.22% of average loans, compared with net recoveries of (0.08)% of average loans for the full year 2022.

The following table sets forth net charge offs (recoveries) and the provision for credit losses for the three months ended December 31, 2023, September 30, 2023, and December 31, 2022, and for the twelve months ended December 31, 2023 and 2022:

	For the Three Months Ended										For the Twelve Months Ended
(dollars in thousands) (unaudited)	12/31/2023			9/30/2023			12/31/2022				12/31/2023			12/31/2022
Net charge offs (recoveries)	$	1,815		$	30,987		$	6,402		$	32,358		$	(12,209)
Net charge offs (recoveries)/average loans receivable (annualized)		0.05	%		0.85	%		0.17	%		0.22	%		(0.08)	%
Provision for credit losses	$	1,700		$	16,800		$	8,200		$	29,100		$	9,600

Allowance for credit losses. The allowance for credit losses totaled $158.7 million at December 31, 2023, compared with $158.8 million at September 30, 2023. The allowance coverage ratio increased to 1.15% of loans receivable at December 31, 2023, up from 1.11% at September 30, 2023. Year-over-year, allowance coverage of loans receivable increased from 1.05% at December 31, 2022.

The following table sets forth the allowance for credit losses and the coverage ratios at December 31, 2023, September 30, 2023, and December 31, 2022:

(dollars in thousands) (unaudited)	12/31/2023			9/30/2023			12/31/2022
Allowance for credit losses	$	158,694		$	158,809		$	162,359
Allowance for credit losses/loans receivable		1.15	%		1.11	%		1.05	%

Capital

The Company’s capital ratios are strong and all regulatory risk-based capital ratios expanded quarter-over-quarter and year-over-year. At December 31, 2023, the Company and the Bank continued to exceed all regulatory capital requirements generally required to meet the definition of a “well-capitalized” financial institution. The following table sets forth the capital ratios for the Company at December 31, 2023, September 30, 2023, and December 31, 2022:

(unaudited)	12/31/2023	9/30/2023	12/31/2022	Minimum Guideline for “Well-Capitalized”
Common Equity Tier 1 Capital Ratio	12.28%	11.67%	10.55%	6.50%
Tier 1 Capital Ratio	12.96%	12.32%	11.15%	8.00%
Total Capital Ratio	13.92%	13.23%	11.97%	10.00%
Leverage Ratio	10.11%	9.83%	10.15%	5.00%

At December 31, 2023, total stockholders’ equity was $2.12 billion, or $17.66 per common share. Quarter-over-quarter, stockholders’ equity increased 4%, or $90.8 million, primarily reflecting a positive change in accumulated other comprehensive income (“AOCI”) and growth in retained earnings. Tangible common equity (“TCE”) per share was $13.76 at December 31, 2023, up 6% from September 30, 2023, and the TCE ratio was 8.86%, up 90 basis points quarter-over-quarter.

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The following table sets forth the TCE per share and the TCE ratio at December 31, 2023, September 30, 2023, and December 31, 2022:

(unaudited)	12/31/2023	9/30/2023	12/31/2022
TCE per share (1)	$13.76	$13.01	$12.96
TCE ratio (1)	8.86%	7.96%	8.29%

__________________

(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 Pages 10 and 11.

Investor Conference Call

The Company previously announced that it will host an investor conference call on Tuesday, January 30, 2024, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review unaudited financial results for its fourth quarter and full year ended December 31, 2023. 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 one year. A telephonic replay of the call will be available at 877-344-7529 (domestic) or 412-317-0088 (international) for one week through February 6, 2024, replay access code 4752295.

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, TCE per share, TCE ratio, ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, efficiency ratio excluding notable items and noninterest expense / average assets excluding notable items. 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 10 and 11.

About Hope Bancorp, Inc.

Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with $19.13 billion in total assets as of December 31, 2023. Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, the Bank provides a full suite of commercial, corporate and consumer loans, including commercial and commercial real estate lending, SBA lending, residential mortgage and other consumer lending; deposit and fee-based products and services; international trade financing; cash management services, foreign currency exchange solutions, and interest rate derivative products, among others. Bank of Hope operates 54 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Alabama, and Georgia. The Bank also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices in the United States; and a representative office in Seoul, 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 bankofhope.com. By including the foregoing website address link, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein.

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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. These forward-looking statements relate to, among other things, expectations regarding the business and economic environment in which we operate, projections of future performance, perceived opportunities in the market, statements regarding our business strategies, objectives and vision, and statements about our strategic reorganization. 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” or similar expressions. With respect to any such forward-looking statements, the Company claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. The Company’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. The risks and uncertainties include, but are not limited to: possible further deterioration in economic conditions in our areas of operation; interest rate risk associated with volatile interest rates and related asset-liability matching risk; liquidity risks; risk of significant non-earning assets, and net credit losses that could occur, particularly in times of weak economic conditions or times of rising interest rates; the failure of or changes to assumptions and estimates underlying the Company’s allowances for credit losses; potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations. For additional information concerning these and other risk factors, see the Company’s most recent Annual Report on Form 10-K. The Company 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.

Contacts:

Julianna Balicka    Angie Yang

EVP & Chief Financial Officer    SVP, Director of Investor Relations & Corporate Communications

213-235-3235    213-251-2219

julianna.balicka@bankofhope.comangie.yang@bankofhope.com

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Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands, except share data)

Assets:	12/31/2023		9/30/2023		% change		12/31/2022		% change
Cash and due from banks	$	1,928,967	$	2,500,323	(23)	%	$	506,776	281	%
Investment securities	2,408,971		2,260,837		7	%	2,243,195		7	%
Federal Home Loan Bank (“FHLB”) stock and other investments	61,000		60,433		1	%	61,761		(1)	%
Loans held for sale, at the lower of cost or fair value	3,408		19,502		(83)	%	49,245		(93)	%
Loans receivable	13,853,619		14,306,193		(3)	%	15,403,540		(10)	%
Allowance for credit losses	(158,694)		(158,809)		—	%	(162,359)		(2)	%
Net loans receivable	13,694,925		14,147,384		(3)	%	15,241,181		(10)	%
Accrued interest receivable	61,720		60,665		2	%	55,460		11	%
Premises and equipment, net	50,611		51,764		(2)	%	46,859		8	%
Goodwill and intangible assets	468,385		468,832		—	%	470,176		—	%
Other assets	453,535		506,624		(10)	%	489,838		(7)	%
Total assets	$	19,131,522	$	20,076,364	(5)	%	$	19,164,491	—	%
Liabilities:
Deposits	$	14,753,753	$	15,739,859	(6)	%	$	15,738,801	(6)	%
FHLB and Federal Reserve Bank (“FRB”) borrowings	1,795,726		1,795,726		—	%	865,000		108	%
Subordinated debentures and convertible notes, net	108,269		107,949		—	%	323,713		(67)	%
Accrued interest payable	168,174		166,831		1	%	26,668		531	%
Other liabilities	184,357		235,575		(22)	%	190,981		(3)	%
Total liabilities	$	17,010,279	$	18,045,940	(6)	%	$	17,145,163	(1)	%
Stockholders’ Equity:
Common stock, $0.001 par value	$	138	$	137	1	%	$	137	1	%
Additional paid-in capital	1,439,963		1,436,769		—	%	1,431,003		1	%
Retained earnings	1,150,547		1,140,870		1	%	1,083,712		6	%
Treasury stock, at cost	(264,667)		(264,667)		—	%	(264,667)		—	%
Accumulated other comprehensive loss, net	(204,738)		(282,685)		28	%	(230,857)		11	%
Total stockholders’ equity	2,121,243		2,030,424		4	%	2,019,328		5	%
Total liabilities and stockholders’ equity	$	19,131,522	$	20,076,364	(5)	%	$	19,164,491	—	%
Common stock shares - authorized	150,000,000		150,000,000				150,000,000
Common stock shares - outstanding	120,126,786		120,026,220				119,495,209
Treasury stock shares	17,382,835		17,382,835				17,382,835

Table Page 1

Hope Bancorp, Inc.

Selected Financial Data

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

	Three Months Ended										Twelve Months Ended
	12/31/2023		9/30/2023		% change		12/31/2022		% change		12/31/2023		12/31/2022		% change
Interest and fees on loans	$	221,020	$	229,937	(4)	%	$	207,958	6	%	$	892,563	$	660,732	35	%
Interest on investment securities	18,398		17,006		8	%	14,758		25	%	66,063		52,220		27	%
Interest on cash and deposits at other banks	29,029		28,115		3	%	942		NM		87,361		1,295		NM
Interest on other investments and FHLB dividends	777		735		6	%	579		34	%	2,891		1,868		55	%
Total interest income	269,224		275,793		(2)	%	224,237		20	%	1,048,878		716,115		46	%
Interest on deposits	121,305		117,854		3	%	63,276		92	%	441,231		114,839		284	%
Interest on borrowings	22,003		22,561		(2)	%	10,440		111	%	81,786		22,855		258	%
Total interest expense	143,308		140,415		2	%	73,716		94	%	523,017		137,694		280	%
Net interest income before provision for credit losses	125,916		135,378		(7)	%	150,521		(16)	%	525,861		578,421		(9)	%
Provision for credit losses	1,700		16,800		(90)	%	8,200		(79)	%	29,100		9,600		203	%
Net interest income after provision for credit losses	124,216		118,578		5	%	142,321		(13)	%	496,761		568,821		(13)	%
Service fees on deposit accounts	2,505		2,415		4	%	2,159		16	%	9,466		8,938		6	%
Net gains on sales of SBA loans	—		—		—	%	2,154		(100)	%	4,097		16,343		(75)	%
Other income and fees	6,775		5,890		15	%	7,797		(13)	%	32,014		26,116		23	%
Total noninterest income	9,280		8,305		12	%	12,110		(23)	%	45,577		51,397		(11)	%
Salaries and employee benefits	47,364		51,033		(7)	%	52,694		(10)	%	207,871		204,719		2	%
Occupancy	7,231		7,149		1	%	7,072		2	%	28,868		28,267		2	%
Furniture and equipment	5,302		5,625		(6)	%	5,045		5	%	21,378		19,434		10	%
Data processing and communications	2,976		2,891		3	%	2,860		4	%	11,606		10,683		9	%
FDIC assessment	3,141		3,683		(15)	%	1,596		97	%	13,296		6,248		113	%
FDIC special assessment	3,971		—		100	%	—		100	%	3,971		—		100	%
Earned interest credit	6,505		6,377		2	%	5,002		30	%	22,399		10,998		104	%
Restructuring costs	11,076		500		NM		—		100	%	11,576		—		100	%
Other noninterest expense	12,325		9,615		28	%	10,249		20	%	43,486		43,821		(1)	%
Total noninterest expense	99,891		86,873		15	%	84,518		18	%	364,451		324,170		12	%
Income before income taxes	33,605		40,010		(16)	%	69,913		(52)	%	177,887		296,048		(40)	%
Income tax provision	7,124		9,961		(28)	%	18,210		(61)	%	44,214		77,771		(43)	%
Net income	$	26,481	$	30,049	(12)	%	$	51,703	(49)	%	$	133,673	$	218,277	(39)	%
Earnings Per Common Share - Diluted	$	0.22	$	0.25			$	0.43			$	1.11	$	1.81
Weighted Average Shares Outstanding - Diluted	120,761,112		120,374,618				120,102,665				120,393,257		120,472,345

Table Page 2

Hope Bancorp, Inc.

Selected Financial Data

Unaudited

	For the Three Months Ended						For the Twelve Months Ended
Profitability measures (annualized):	12/31/2023		9/30/2023		12/31/2022		12/31/2023		12/31/2022
ROA	0.54	%	0.60	%	1.10	%	0.67	%	1.20	%
ROA excluding notable items (1)	0.78	%	0.61	%	1.10	%	0.73	%	1.20	%
ROE	5.17	%	5.78	%	10.35	%	6.48	%	10.73	%
ROE excluding notable items (1)	7.49	%	5.85	%	10.35	%	7.05	%	10.73	%
ROTCE (1)	6.71	%	7.47	%	13.54	%	8.39	%	13.97	%
ROTCE excluding notable items (1)	9.71	%	7.56	%	13.54	%	9.13	%	13.97	%
Net interest margin	2.70	%	2.83	%	3.36	%	2.81	%	3.36	%
Efficiency ratio (not annualized)	73.89	%	60.46	%	51.97	%	63.78	%	51.47	%
Efficiency ratio excluding notable items (not annualized) (1)	62.76	%	60.11	%	51.97	%	61.06	%	51.47	%
Noninterest expense / average assets	2.04	%	1.73	%	1.79	%	1.84	%	1.78	%
Noninterest expense / average assets, excluding notable items (1)	1.73	%	1.72	%	1.79	%	1.76	%	1.78	%
(1) ROA excluding notable items, ROE excluding notable items, ROTCE, ROTCE excluding notable items, efficiency ratio excluding notable items, and noninterest expense / average assets 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 10 and 11.

Table Page 3

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

	Three Months Ended
	12/31/2023						9/30/2023						12/31/2022
			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	$	14,052,953	$	221,020	6.24	%	$	14,550,106	$	229,937	6.27	%	$	15,393,843	$	207,958	5.36	%
Investment securities	2,283,613		18,398		3.20	%	2,275,133		17,006		2.97	%	2,254,678		14,758		2.60	%
Interest earning cash and deposits at     other banks	2,142,147		29,029		5.38	%	2,106,469		28,115		5.30	%	66,075		942		5.66	%
FHLB stock and other investments	47,587		777		6.48	%	47,316		735		6.16	%	48,002		579		4.79	%
Total interest earning assets	$	18,526,300	$	269,224	5.77	%	$	18,979,024	$	275,793	5.77	%	$	17,762,598	$	224,237	5.01	%
INTEREST BEARING LIABILITIES:
Deposits:
Money market, interest bearing demand and     savings	$	4,821,222	$	45,662	3.76	%	$	4,533,430	$	38,814	3.40	%	$	6,030,576	$	35,959	2.37	%
Time deposits	6,327,191		75,643		4.74	%	6,862,038		79,040		4.57	%	4,276,655		27,317		2.53	%
Total interest bearing deposits	11,148,413		121,305		4.32	%	11,395,468		117,854		4.10	%	10,307,231		63,276		2.44	%
FHLB and FRB borrowings	1,795,740		19,224		4.25	%	1,809,322		19,821		4.35	%	838,335		6,988		3.31	%
Subordinated debentures and convertible     notes	104,198		2,779		10.44	%	103,873		2,740		10.32	%	319,498		3,452		4.23	%
Total interest bearing liabilities	$	13,048,351	$	143,308	4.36	%	$	13,308,663	$	140,415	4.19	%	$	11,465,064	$	73,716	2.55	%
Noninterest bearing demand deposits	4,113,680						4,312,117						5,174,306
Total funding liabilities/cost of funds	$	17,162,031			3.31	%	$	17,620,780			3.16	%	$	16,639,370			1.76	%
Net interest income/net interest spread			$	125,916	1.41	%			$	135,378	1.58	%			$	150,521	2.46	%
Net interest margin					2.70	%					2.83	%					3.36	%
Cost of deposits:
Noninterest bearing demand deposits	$	4,113,680	$	—	—	%	$	4,312,117	$	—	—	%	$	5,174,306	$	—	—	%
Interest bearing deposits	11,148,413		121,305		4.32	%	11,395,468		117,854		4.10	%	10,307,231		63,276		2.44	%
Total deposits	$	15,262,093	$	121,305	3.15	%	$	15,707,585	$	117,854	2.98	%	$	15,481,537	$	63,276	1.62	%

Table Page 4

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

	Twelve Months Ended
	12/31/2023						12/31/2022
			Interest						Interest
	Average		Income/		Average		Average		Income/		Average
	Balance		Expense		Yield/Cost		Balance		Expense		Yield/Cost
INTEREST EARNING ASSETS:
Loans, including loans held for sale	$	14,732,166	$	892,563	6.06	%	$	14,634,627	$	660,732	4.51	%
Investment securities	2,262,840		66,063		2.92	%	2,415,621		52,220		2.16	%
Interest earning cash and deposits at     other banks	1,685,462		87,361		5.18	%	116,689		1,295		1.11	%
FHLB stock and other investments	47,249		2,891		6.12	%	59,624		1,868		3.13	%
Total interest earning assets	$	18,727,717	$	1,048,878	5.60	%	$	17,226,561	$	716,115	4.16	%
INTEREST BEARING LIABILITIES:
Deposits:
Money market, interest bearing demand and     savings	$	4,858,919	$	161,751	3.33	%	$	6,517,879	$	72,763	1.12	%
Time deposits	6,409,056		279,480		4.36	%	3,084,851		42,076		1.36	%
Total interest bearing deposits	11,267,975		441,231		3.92	%	9,602,730		114,839		1.20	%
FHLB and FRB borrowings	1,618,292		69,365		4.29	%	528,342		11,525		2.18	%
Subordinated debentures and convertible     notes	181,125		12,421		6.76	%	318,691		11,330		3.51	%
Total interest bearing liabilities	$	13,067,392	$	523,017	4.00	%	$	10,449,763	$	137,694	1.32	%
Noninterest bearing demand deposits	4,362,043						5,569,542
Total funding liabilities/cost of funds	$	17,429,435			3.00	%	$	16,019,305			0.86	%
Net interest income/net interest spread			$	525,861	1.60	%			$	578,421	2.84	%
Net interest margin					2.81	%					3.36	%
Cost of deposits:
Noninterest bearing demand deposits	$	4,362,043	$	—	—	%	$	5,569,542	$	—	—	%
Interest bearing deposits	11,267,975		441,231		3.92	%	9,602,730		114,839		1.20	%
Total deposits	$	15,630,018	$	441,231	2.82	%	$	15,172,272	$	114,839	0.76	%

Table Page 5

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

	Three Months Ended										Twelve Months Ended
AVERAGE BALANCES:	12/31/2023		9/30/2023		% change		12/31/2022		% change		12/31/2023		12/31/2022		% change
Loans, including loans held for sale	$	14,052,953	$	14,550,106	(3)	%	$	15,393,843	(9)	%	$	14,732,166	$	14,634,627	1	%
Investment securities	2,283,613		2,275,133		—	%	2,254,678		1	%	2,262,840		2,415,621		(6)	%
Interest earning cash and deposits at other banks	2,142,147		2,106,469		2	%	66,075		NM		1,685,462		116,689		NM
Interest earning assets	18,526,300		18,979,024		(2)	%	17,762,598		4	%	18,727,717		17,226,561		9	%
Goodwill and intangible assets	468,622		469,079		—	%	470,442		—	%	469,298		471,176		—	%
Total assets	19,600,942		20,059,304		(2)	%	18,863,726		4	%	19,806,163		18,231,609		9	%
Noninterest bearing demand deposits	4,113,680		4,312,117		(5)	%	5,174,217		(20)	%	4,362,043		5,569,534		(22)	%
Interest bearing deposits	11,148,413		11,395,468		(2)	%	10,307,231		8	%	11,267,975		9,602,730		17	%
Total deposits	15,262,093		15,707,585		(3)	%	15,481,537		(1)	%	15,630,180		15,172,272		3	%
Interest bearing liabilities	13,048,351		13,308,663		(2)	%	11,465,064		14	%	13,067,392		10,449,763		25	%
Stockholders’ equity	2,048,335		2,079,092		(1)	%	1,997,460		3	%	2,061,665		2,034,027		1	%
LOAN PORTFOLIO COMPOSITION:	12/31/2023		9/30/2023		% change		12/31/2022		% change
Commercial real estate (“CRE”) loans	$	8,797,884	$	8,972,886	(2)	%	$	9,414,580	(7)	%
Commercial and industrial (“C&I”) loans	4,135,044		4,450,341		(7)	%	5,109,532		(19)	%
Residential mortgage and other loans	920,691		882,966		4	%	879,428		5	%
Loans receivable	13,853,619		14,306,193		(3)	%	15,403,540		(10)	%
Allowance for credit losses	(158,694)		(158,809)		—	%	(162,359)		(2)	%
Loans receivable, net	$	13,694,925	$	14,147,384	(3)	%	$	15,241,181	(10)	%
CRE LOANS BY PROPERTY TYPE:	12/31/2023		9/30/2023		% change		12/31/2022		% change
Multi-tenant retail	$	1,704,337	$	1,745,430	(2)	%	$	1,866,434	(9)	%
Hotels/motels	796,267		826,732		(4)	%	952,579		(16)	%
Gas stations and car washes	1,030,888		1,037,621		(1)	%	1,054,720		(2)	%
Mixed-use facilities	870,664		813,571		7	%	848,417		3	%
Industrial warehouses	1,226,780		1,254,643		(2)	%	1,294,893		(5)	%
Multifamily	1,226,384		1,234,934		(1)	%	1,295,644		(5)	%
Single-tenant retail	662,705		671,921		(1)	%	718,977		(8)	%
Office	401,821		454,695		(12)	%	473,459		(15)	%
All other	878,038		933,339		(6)	%	909,457		(3)	%
Total CRE loans	$	8,797,884	$	8,972,886	(2)	%	$	9,414,580	(7)	%
DEPOSIT COMPOSITION:	12/31/2023		9/30/2023		% change		12/31/2022		% change
Noninterest bearing demand deposits	$	3,914,967	$	4,249,788	(8)	%	$	4,849,493	(19)	%
Money market, interest bearing demand, and savings	4,872,029		4,855,683		—	%	5,899,248		(17)	%
Time deposits	5,966,757		6,634,388		(10)	%	4,990,060		20	%
Total deposits	$	14,753,753	$	15,739,859	(6)	%	$	15,738,801	(6)	%

Table Page 6

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

CAPITAL & CAPITAL RATIOS:	12/31/2023			9/30/2023			12/31/2022
Total stockholders’ equity	$	2,121,243		$	2,030,424		$	2,019,328
Total capital	$	2,120,157		$	2,105,754		$	2,041,319
Common equity tier 1 ratio	12.28		%	11.67		%	10.55		%
Tier 1 capital ratio	12.96		%	12.32		%	11.15		%
Total capital ratio	13.92		%	13.23		%	11.97		%
Leverage ratio	10.11		%	9.83		%	10.15		%
Total risk weighted assets	$	15,230,302		$	15,912,792		$	17,049,410
Book value per common share	$	17.66		$	16.92		$	16.90
TCE per share (1)	$	13.76		$	13.01		$	12.96
TCE ratio(1)	8.86		%	7.96		%	8.29		%
(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 10.
	Three Months Ended													Twelve Months Ended
ALLOWANCE FOR CREDIT LOSSES CHANGES:	12/31/2023			9/30/2023			6/30/2023			3/31/2023		12/31/2022		12/31/2023		12/31/2022
Balance at beginning of period	$	158,809		$	172,996		$	163,544		$	162,359	$	160,561	$	162,359	$	140,550
ASU 2022-02 day 1 adoption impact	—			—			—			(407)		—		(407)		—
Provision for credit losses	1,700			16,800			8,900			1,700		8,200		29,100		9,600
Recoveries	306			2,938			1,531			387		3,222		5,162		24,598
Charge offs	(2,121)			(33,925)			(979)			(495)		(9,624)		(37,520)		(12,389)
Balance at end of period	$	158,694		$	158,809		$	172,996		$	163,544	$	162,359	$	158,694	$	162,359
	12/31/2023			9/30/2023			6/30/2023			3/31/2023		12/31/2022
Allowance for unfunded loan commitments	$	3,843		$	3,143		$	3,081		$	2,971	$	1,351
	Three Months Ended													Twelve Months Ended
	12/31/2023			9/30/2023			6/30/2023			3/31/2023		12/31/2022		12/31/2023		12/31/2022
Provision for credit losses	$	1,700		$	16,800		$	8,900		$	1,700	$	8,200	$	29,100	$	9,600
Provision for unfunded loan commitments (in noninterest expense)	700			62			110			1,620		120		2,492		250
Total provision expense	$	2,400		$	16,862		$	9,010		$	3,320	$	8,320	$	31,592	$	9,850

Table Page 7

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

	Three Months Ended															Twelve Months Ended
NET LOAN CHARGE OFFS (RECOVERIES):	12/31/2023			9/30/2023			6/30/2023			3/31/2023			12/31/2022			12/31/2023			12/31/2022
CRE loans	$	1,560		$	(2,227)		$	438		$	(109)		$	2,022		$	(338)		$	(14,895)
C&I loans	138			33,145			(1,091)			196			4,174			32,388			2,299
Residential mortgage and other loans	117			69			101			21			206			308			387
Net loan charge offs (recoveries)	$	1,815		$	30,987		$	(552)		$	108		$	6,402		$	32,358		$	(12,209)
Net charge offs (recoveries)/average loans receivable (annualized)	0.05		%	0.85		%	(0.01)		%	—		%	0.17		%	0.22		%	(0.08)		%

NONPERFORMING ASSETS:	12/31/2023			9/30/2023			6/30/2023			3/31/2023			12/31/2022
Loans on nonaccrual status (1)	$	45,204		$	39,081		$	61,252		$	78,861		$	49,687
Accruing delinquent loans past due 90 days or more	261			21,579			15,182			364			401
Accruing troubled debt restructured loans (2)	—			—			—			—			16,931
Total nonperforming loans	45,465			60,660			76,434			79,225			67,019
Other real estate owned (“OREO”)	63			1,043			938			938			2,418
Total nonperforming assets	$	45,528		$	61,703		$	77,372		$	80,163		$	69,437
Nonperforming assets/total assets	0.24		%	0.31		%	0.38		%	0.39		%	0.36		%
Nonperforming assets/loans receivable & OREO	0.33		%	0.43		%	0.52		%	0.53		%	0.45		%
Nonperforming assets/total capital	2.15		%	3.04		%	3.74		%	3.89		%	3.44		%
Nonperforming loans/loans receivable	0.33		%	0.42		%	0.51		%	0.53		%	0.44		%
Nonaccrual loans/loans receivable	0.33		%	0.27		%	0.41		%	0.52		%	0.32		%
Allowance for credit losses/loans receivable	1.15		%	1.11		%	1.16		%	1.09		%	1.05		%
Allowance for credit losses/nonperforming loans	349.05		%	261.80		%	226.33		%	206.43		%	242.26		%
(1) Excludes delinquent SBA loans that are guaranteed and currently in liquidation totaling $11.4 million, $12.1 million, $11.9 million, $7.6 million, and $9.8 million, at December 31, 2023, September 30, 2023, June 30, 2023, March 31, 2023, and December 31, 2022, respectively.
(2) The Company adopted ASU 2022-02 in 2023, which eliminated the concept of TDR from GAAP; therefore, accruing TDR loans are no longer included in nonperforming loans.
NONACCRUAL LOANS BY TYPE:	12/31/2023			9/30/2023			6/30/2023			3/31/2023			12/31/2022
CRE loans	$	33,932		$	26,687		$	29,270		$	44,376		$	33,915
C&I loans	5,013			4,234			23,042			26,191			5,620
Residential mortgage and other loans	6,259			8,160			8,940			8,294			10,152
Total nonaccrual loans	$	45,204		$	39,081		$	61,252		$	78,861		$	49,687

Table Page 8

Hope Bancorp, Inc.

Selected Financial Data

Unaudited (dollars in thousands)

ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE:	12/31/2023		9/30/2023		6/30/2023		3/31/2023		12/31/2022
30 - 59 days past due	$	2,833	$	2,906	$	9,295	$	7,662	$	7,049
60 - 89 days past due	1,289		506		178		249		2,243
Total accruing delinquent loans 30-89 days past due	$	4,122	$	3,412	$	9,473	$	7,911	$	9,292
ACCRUING DELINQUENT LOANS 30-89 DAYS PAST DUE BY TYPE:	12/31/2023		9/30/2023		6/30/2023		3/31/2023		12/31/2022
CRE loans	$	2,160	$	611	$	7,339	$	3,652	$	4,115
C&I loans	1,643		1,168		990		419		3,300
Residential mortgage and other loans	319		1,633		1,144		3,840		1,877
Total accruing delinquent loans 30-89 days past due	$	4,122	$	3,412	$	9,473	$	7,911	$	9,292
CRITICIZED LOANS:	12/31/2023		9/30/2023		6/30/2023		3/31/2023		12/31/2022
Special mention loans	$	178,992	$	186,600	$	210,806	$	166,472	$	157,263
Substandard loans	143,449		174,161		134,203		138,224		104,073
Total criticized loans	$	322,441	$	360,761	$	345,009	$	304,696	$	261,336

Table Page 9

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.
	Three Months Ended									Twelve Months Ended
RETURN ON AVERAGE TANGIBLE COMMON EQUITY	12/31/2023			9/30/2023			12/31/2022			12/31/2023			12/31/2022
Average stockholders’ equity	$	2,048,335		$	2,079,092		$	1,997,460		$	2,061,665		$	2,034,027
Less: Average goodwill and core deposit intangible assets, net	(468,622)			(469,079)			(470,442)			(469,298)			(471,176)
Average TCE	$	1,579,713		$	1,610,013		$	1,527,018		$	1,592,367		$	1,562,851
Net income	$	26,481		$	30,049		$	51,703		$	133,673		$	218,277
ROTCE (annualized)	6.71		%	7.47		%	13.54		%	8.39		%	13.97		%
TANGIBLE COMMON EQUITY	12/31/2023			9/30/2023			12/31/2022
Total stockholders’ equity	$	2,121,243		$	2,030,424		$	2,019,328
Less: Goodwill and core deposit intangible assets, net	(468,385)			(468,832)			(470,176)
TCE	$	1,652,858		$	1,561,592		$	1,549,152
Total assets	$	19,131,522		$	20,076,364		$	19,164,491
Less: Goodwill and core deposit intangible assets, net	(468,385)			(468,832)			(470,176)
Tangible assets	$	18,663,137		$	19,607,532		$	18,694,315
TCE ratio	8.86		%	7.96		%	8.29		%
Common shares outstanding	120,126,786			120,026,220			119,495,209
TCE per share	$	13.76		$	13.01		$	12.96

Table Page 10

Hope Bancorp, Inc.

Selected Financial Data

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

	Three Months Ended									Twelve Months Ended
PROFITABILITY RATIOS EXCLUDING NOTABLE ITEMS	12/31/2023			9/30/2023			12/31/2022			12/31/2023			12/31/2022
Net income	$	26,481		$	30,049		$	51,703		$	133,673		$	218,277
Notable items:
FDIC special assessment expense	3,971			—			—			3,971			—
Restructuring costs	11,076			500			—			11,576			—
Total notable items	15,047			500			—			15,547			—
Tax provision	3,190			124			—			3,864			—
Less: total notable items, net of tax provision	$	11,857		$	376		$	—		$	11,683		$	—
Net income excluding notable items	$	38,338		$	30,425		$	51,703		$	145,356		$	218,277
Diluted common shares	120,761,112			120,374,618			120,102,665			120,393,257			120,472,345
EPS excluding notable items	$	0.32		$	0.25		$	0.43		$	1.21		$	1.81
Average Assets	19,600,942			20,059,304			18,863,726			19,806,163			18,231,609
ROA excluding notable items	0.78		%	0.61		%	1.10		%	0.73		%	1.20		%
Average Equity	2,048,335			2,079,092			1,997,460			2,061,665			2,034,027
ROE excluding notable items	7.49		%	5.85		%	10.35		%	7.05		%	10.73		%
Average TCE	$	1,579,713		$	1,610,013		$	1,527,018		$	1,592,367		$	1,562,851
ROTCE excluding notable items	9.71		%	7.56		%	13.54		%	9.13		%	13.97		%
	Three Months Ended									Twelve Months Ended
EFFICIENCY RATIOS EXCLUDING NOTABLE ITEMS	12/31/2023			9/30/2023			12/31/2022			12/31/2023			12/31/2022
Noninterest expense	$	99,891		$	86,873		$	84,518		$	364,451		$	324,170
Less: notable items:
FDIC special assessment expense	(3,971)			—			—			(3,971)			—
Restructuring costs	(11,076)			(500)			—			(11,576)			—
Noninterest expense excluding notable items	$	84,844		$	86,373		$	84,518		$	348,904		$	324,170
Revenue	$	135,196		$	143,683		$	162,631		$	571,438		$	629,818
Efficiency ratio excluding notable items	62.76		%	60.11		%	51.97		%	61.06		%	51.47		%
Average assets	19,600,942			20,059,304			18,863,726			19,806,163			18,231,609
Noninterest expense / average assets, excluding notable items	1.73		%	1.72		%	1.79		%	1.76		%	1.78		%

Table Page 11

EX-99.2

2023 Fourth Quarter Earnings Conference Call January 30, 2024

Forward Looking Statements & Additional Disclosures This presentation contains statements regarding future events or the future financial performance of Hope Bancorp, Inc. (the “Company”) that 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. These forward-looking statements relate to, among other things, expectations regarding the business and economic environment in which we operate, projections of future performance, perceived opportunities in the market, statements regarding our business strategies, objectives and vision, and statements about our strategic reorganization. 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,” “targets” or similar expressions. With respect to any such forward-looking statements, the Company claims the protection provided for in the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties. The Company’s actual results, performance or achievements may differ significantly from the results, performance or achievements expressed or implied in any forward-looking statements. The risks and uncertainties include, but are not limited to: possible further deterioration in economic conditions in our areas of operation; interest rate risk associated with volatile interest rates and related asset- liability matching risk; liquidity risks; risk of significant non-earning assets, and net credit losses that could occur, particularly in times of weak economic conditions or times of rising interest rates; the failure of or changes to assumptions and estimates underlying the Company’s allowances for credit losses; and potential increases in deposit insurance assessments and regulatory risks associated with current and future regulations. For additional information concerning these and other risk factors, see the Company’s most recent Annual Report on Form 10-K. The Company 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. 2

Strong Capital & Liquidity • Total capital ratio was 13.92% at 12/31/23, +69bps QoQ. All regulatory capital ratios expanded QoQ • Tangible common equity (“TCE”) ratio1 was 8.86% at 12/31/23, +90bps QoQ Deposits • Deposits of $14.8B at 12/31/23 (-6% QoQ) and 4Q23 avg. deposits of $15.3B (-3% QoQ). Planned reduction of brokered time deposits (-$450MM QoQ) and decrease in noninterest bearing DDA due to seasonality of fund flows from commercial customers in the residential mortgage industry (customers unrelated to exit from residential mortgage warehouse line business). Consumer deposits stable QoQ Loans • Loans receivable of $13.9B at 12/31/23 (-3% QoQ) and 4Q23 avg. loans of $14.1B (-3% QoQ). Growth in residential mortgage, decrease in commercial and CRE loans. Exit from residential mortgage warehouse line business • Gross loan-to-deposit ratio of 94% at 12/31/23 Asset Quality • Nonperforming assets (“NPA”) of $46MM at 12/31/23, -26% QoQ. NPAs represented 24bps of total assets at 12/31/23, an improvement from 31bps at 9/30/23 • Criticized loans decreased 11% QoQ with reductions in both special mention and substandard loans • 4Q23 net charge offs under $2MM, equivalent to 0.05% of average loans annualized Earnings • 4Q23 net income: $26.5MM (-12% QoQ), or $0.22 per diluted share • 4Q23 net income excluding notable items1: $38.3MM (+26% QoQ), or $0.321 per diluted share • Notable items: restructuring charges ($9MM after tax) and FDIC special assessment ($3MM after tax) Q4 2023 Financial Overview Total Capital & TCE Ratio at 12/31/23 13.92%/8.86% NPA/Total Assets at 12/31/23 0.24% Gross Loans at 12/31/23 $13.9B Total Deposits at 12/31/23 $14.8B 3 4Q23 Net Income & EPS $26.5MM / $0.22 excluding notable items $38.3MM /$0.32 1 TCE ratio, net income excluding notable items and earnings per share 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 Appendix of this presentation.

Strong Capital Ratios 4 Common Equity Tier 1 Capital Ratio • All regulatory capital ratios increased QoQ. All regulatory capital ratios meaningfully above requirements for “well-capitalized” financial institutions • Proforma capital very strong: Adjustments for the allowance for credit losses (“ACL”) and hypothetical adjustments for investment security marks not otherwise already reflected in equity, still result in very strong capital ratios • Dividend: Quarterly common stock dividend of $0.14 per share, equivalent to $0.56 per share annualized. Equivalent to a dividend yield of 4.64% at 12/31/23 • No stock buybacks during 4Q23 • Equity: Book value per common share of $17.66 & TCE per share1 of $13.76 at 12/31/23. Equity increased 4% QoQ, reflecting a positive change in accumulated other comprehensive income (“AOCI”) and growth in retained earnings. Tangible equity up 6% QoQ Tangible Common Equity Ratio1 Total Capital Ratio Leverage Ratio Well Capitalized 6.50% Well Capitalized 10.00% Well Capitalized 5.00% 1 TCE ratio and TCE per share are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the Appendix of this presentation. * Proforma ratios at 12/31/23 are non-GAAP financial measures and reflect (a) inclusion of on- and off-balance sheet ACL not already in capital; (b) treatment of held-to-maturity (“HTM”) securities as if they were available- for-sale (“AFS”), with unrealized losses in AOCI; and (c) removal of the AOCI opt-out in calculating regulatory capital.

Diverse & Granular Deposit Base 5 Noninterest Bearing Demand Deposits 27% Money Market, Interest Bearing Demand & Savings 33% Time Deposits 40% $14.8B Total Deposits (at 12/31/23) Consumer 37% Commercial & Wholesale 63% • Average commercial & wholesale deposit account size: approx. $265,000 • Average consumer deposit account size: approx. $50,000 • Consumer deposit balances stable linked quarter and up 5% YoY • Total deposits of $14.8B at 12/31/23, -6% QoQ. 4Q23 average deposits of $15.3B, - 3% QoQ • $450MM planned reduction of brokered time deposits • 4Q23 noninterest bearing demand deposit flux QoQ reflects seasonality in fund flows from commercial customers in the residential mortgage industry (unrelated to exit from residential mortgage warehouse line business). Normally these funds rebuild in the new year Deposit Composition by Product Type Deposit Composition by Customer Type $14.8B Total Deposits (at 12/31/23)

Well-Balanced Loan Portfolio 6 • Loan portfolio well-diversified across major loan types of nonowner- occupied CRE, C&I, owner-occupied CRE, multifamily residential (“MFR”), and residential mortgage • Total loans receivable: $13.9B at 12/31/23, -3% QoQ. 4Q23 avg. loans of $14.1B, -3% QoQ • 4Q23: growth in residential mortgage, offset by decreases in commercial and CRE loans • Exit from residential mortgage warehouse line business contributed $65MM of QoQ decrease Nonowner- Occupied CRE 34% Owner-Occupied CRE 21% C&I 30% Residential Mortgage & Other 6% Multifamily Residential 9% $13.9B Loans Receivable (at 12/31/23) $0.9B Avg Size: $0.6MM $4.7B Avg Size: $2.3MM $3.0B Avg Size: $1.5MM $4.1B Avg Size: $1.5MM $1.2B Avg Size: $2.3MM

As a % of Total Loans: Avg Loan Size: Weighted Avg LTV1: 12% Multi-tenant Retail $1,704MM $2.3MM 42.5% 9% Industrial & Warehouse $1,226MM $2.2MM 38.9% 9% Multifamily $1,226MM $2.3MM 56.0% 7% Gas Station & Car Wash $1,031MM $1.8MM 47.9% 6% Mixed Use $871MM $1.9MM 42.0% 6% Hotel/Motel $796MM $2.1MM 44.5% 5% Single-tenant Retail $663MM $1.4MM 46.2% 3% Office $402MM $2.2MM 52.3% 7% All Other $878MM $1.5MM 39.2% Diversified CRE Portfolio with Low LTVs Total CRE: Distribution by LTV (ex. SBA) < 50%: 58% > 50% - 55%: 13% > 55% - 60%: 10% > 60% - 65%: 7% > 65% - 70%: 5% > 70%: 7%$8.8B CRE Portfolio (at 12/31/23) 45.1% Weighted Avg LTV1 1 Weighted average loan-to-value (“LTV”): Current loan balance divided by updated collateral value. Collateral value updates most recent available appraisal by using CoStar market and property-specific data, including submarket appreciation or depreciation, and changes to vacancy, debt service coverage or rent/sq foot. LTVs disclosed prior to 2Q23 were based on starting point values. Calculations exclude Small Business Administration (“SBA”) loans. • Total CRE loans of $8.8B at 12/31/23, -2% QoQ. Portfolio consists of $4.7B of nonowner-occupied CRE, $2.9B of owner-occupied CRE, and $1.2B of MFR • CRE Office: Represented less than 3% of total loans at 12/31/23, with no central business district exposure 7 $8.8B CRE Portfolio (at 12/31/23)

LA Fashion District Gateway Cities San Gabriel Valley South Bay LA Koreatown Other LA County (No exposure to downtown commercial business district) Orange County San Bernardino County Riverside County Other SoCal San Francisco, $40 Greater SF Bay Area Other NorCal Manhattan Queens County Kings County Other New York New Jersey Texas Washington Illinois Other States Granular CRE Portfolio, Diversified by Submarket 8 CRE Portfolio by Geographic Submarket ($ Millions) Loan Size (at 12/31/23) Balance ($ Millions) # of Loans Average Loan Size ($ Millions) Weighted Average LTV 1 > $30MM $ 291 7 $ 41.6 61.1% $20MM - $30MM $ 620 25 $ 24.8 44.6% $10MM - $20MM $ 1,244 90 $ 13.8 47.1% $5MM - $10MM $ 1,701 251 $ 6.8 47.7% $2MM - $5MM $ 2,532 816 $ 3.1 45.1% < $2MM $ 2,410 3,318 $ 0.7 39.9% Total CRE Portfolio $ 8,798 4,507 $ 2.0 45.1% • Loan-to-value ratios are consistently low across segments by size and by property type • Vast majority of CRE loans have full recourse and personal guarantees • 99% of total CRE portfolio was pass-graded at 12/31/23 CRE Portfolio by Size Segment 1 Weighted average LTV: Current loan balance divided by updated collateral value. Collateral value updates most recent available appraisal by using CoStar market and property-specific data, including submarket appreciation or depreciation, and changes to vacancy, debt service coverage or rent/sq foot. LTVs disclosed prior to 2Q23 were based on starting point values. Calculations exclude SBA. $8.8B CRE Portfolio (at 12/31/23) SoCal NorCal NY/NJ Texas Washington Illinois Other States $323

Net Interest Income & Net Interest Margin 9 • 4Q23 net interest income (“NII”) of $126MM, -7% QoQ from 3Q23 • 3Q23 NII included $3MM of recovered interest income. 4Q23 NII decreased -5% QoQ from 3Q23 ex. recovery. No material interest income recoveries in 4Q23 • Plan to pay off Bank Term Funding Program (“BTFP”) funding when it matures, using interest-earning cash and equivalents Net Interest Income & Net Interest Margin ($ Millions) $151 $134 $131 $135 $126 3.36% 3.02% 2.70% 2.83% 2.70% 4Q22 1Q23 2Q23 3Q23 4Q23 2.70% 2.83% Decrease in avg interest bearing (“IB”) deposits +6bps 4Q23 NIM change: -13bps QoQ Net Interest Income Net Interest Margin (annualized) Increase Decrease Total QoQ change +4% -7% -11% -2% QoQ Change in Net Interest Margin 3Q23 4Q23 -9bps • 4Q23 net interest margin (“NIM”) of 2.70%, -13bps QoQ. 4Q23 NIM down -7bps QoQ from 3Q23 ex. interest income recovery • Positive impact from decrease in average IB deposit balances, expanding loan yields (ex. recovered interest income from 3Q23), expanding other earning asset yields, and decrease in cost of borrowings; offset by QoQ impact from interest income recovery, decrease in average loan balances, and higher cost of IB deposits Impact of 3Q23 interest income recovery +4bps Increase in cost of IB deposits Decrease in cost of borrowings -13bps Loan yield expansion, ex. recovery +1bps Decrease in avg loans +4bps Other earning asset yield expansion -6bps Impact from change in loan yields: -2bps

1.62% 2.37% 2.79% 2.98% 3.15% 2.44% 3.36% 3.87% 4.10% 4.32%3.82% 4.69% 5.16% 5.43% 5.50% 4Q22 1Q23 2Q23 3Q23 4Q23 Total COD (annualized) Cost of IB Deposits (annualized) Avg Fed Funds Rate Average Loans & Deposits, Yields & Rates 10 Average Deposits Average Loans Receivable ($ Billions) ($ Billions) $15.4 $15.2 $15.1 $14.6 $14.1 12.25 12.75 13.25 13.75 14.25 14.75 15.25 15.75 4Q22 1Q23 2Q23 3Q23 4Q23 10.3 11.1 11.4 11.4 11.1 5.2 4.7 4.4 4.3 4.1 4Q22 1Q23 2Q23 3Q23 4Q23 Avg Interest Bearing ("IB") Deposits Avg Non IB Deposits 5.36% 5.75% 5.99% 6.27% 6.24% 3.82% 4.69% 5.16% 5.43% 5.50% 4Q22 1Q23 2Q23 3Q23 4Q23 Avg Loan Yield (annualized) Avg Fed Funds Rate Average Loan-to-Deposit Ratio 99% 96% 96% 93% 92% Average Cost of Deposits (“COD”) Relative to Fed Funds Rate Average Loan Yield Relative to Fed Funds Rate $15.8$15.5 $15.3$15.7$15.8

2.2 2.1 2.3 2.4 2.5 2.1 2.2 1.9 7.8 6.5 7.0 5.9 6.8 5.8 4Q22 1Q23 2Q23 3Q23 4Q23 Gain from Investment in Affordable Housing Partnership Other Income & Fees Net Gains on SBA Loan Sales Service Fees on Deposit Accounts Noninterest Income 11 Noninterest Income ($ Millions) $17.0 $8.3 $9.3 $12.1 $11.0 • 4Q23 noninterest income of $9MM vs. $8MM in 3Q23 – QoQ increase reflected growth across various fee income businesses • No SBA loan gain on sales (“GOS”) in 2H23: more economic to retain SBA 7(a) loan production on balance sheet given the current premiums available in the secondary market – Plan to sell SBA 7(a) production when GOS premiums rebound

4Q23 Efficiency Ratio3 4Q23 Noninterest Expense/Avg Assets (annualized)3 (excluding notable items) (excluding notable items) 52.7 57.2 52.3 51.0 47.4 12.1 12.6 12.4 12.8 12.5 1.6 1.8 4.7 3.7 3.1 18.1 18.8 17.9 18.9 21.8 4Q22 1Q23 2Q23 3Q23 4Q23 Salary & Employee Benefits Occupancy & FF&E FDIC Assessment Other Expenses Efficiency Ratio & Noninterest Expense to Average Assets 52.0% 62.4% 59.1% 60.5% 73.9% 1.79% 1.89% 1.71% 1.73% 2.04% 4Q22 1Q23 2Q23 3Q23 4Q23 Efficiency Ratio Noninterest Expense/Avg Assets (annualized) Noninterest Expense & Efficiency 12 $87.3 $86.42 $84.82 $84.5 $90.4 Noninterest Expense1 (excluding notable items) ($ Millions) • 4Q23 GAAP noninterest expense of $100MM. Notable items: $11MM (pre-tax) restructuring costs & $4MM (pre-tax) of FDIC special assessment in 4Q23; $500,000 (pre-tax) restructuring costs in 3Q23 • 4Q23 noninterest expense excluding notable items3 decreased -2% QoQ • 4Q23 salaries and employee benefits expense of $47MM, -7% QoQ, reflected headcount reduction related to restructuring 1 The Noninterest expense chart columns present noninterest expense excluding notable items. 2 4Q23 noninterest expense excluding notable items totaled $84.8MM and. $86.9MM for 3Q23. 3 Noninterest expense excluding notable items, efficiency ratio excluding notable items and noninterest expense/average assets (annualized) 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 Appendix of this presentation. 62.8%3 1.73%3 GAAP Noninterest Expense $86.9 $99.9

$162 $164 $173 $159 $159 1.05% 1.09% 1.16% 1.11% 1.15% 4Q22 1Q23 2Q23 3Q23 4Q23 ACL ACL Coverage Ratio • Allowance for credit losses (“ACL”) stable QoQ at $159MM at 12/31/23. Coverage ratio: 1.15% of loans receivable at 12/31/23, +4bps from 1.11% at 9/30/23 • Net charge offs (“NCO”) less than $2MM in 4Q23. 4Q23 annualized NCOs ratio very low at 5bps of average loans • Nonperforming assets (“NPA”) of $45MM at 12/31/23, -26% QoQ • NPA ratio improved to 24bps of total assets, -7bps QoQ • Total criticized loans were $322MM at 12/31/23, -11% QoQ, reflecting decreases in special mention and substandard loans Asset Quality Metrics 13 Provision for Credit Losses & Net Charge Offs (Recoveries) Nonperforming Assets RatioAllowance for Credit Losses & Coverage Ratio Criticized Loans Ratio $8.2 $1.7 $8.9 $16.8 $1.7$6.4 $0.1 $(0.6) $31.0 $1.8 0.17% 0.00% (0.01)% 0.85% 0.05% 4Q22 1Q23 2Q23 3Q23 4Q23 Provision for Credit Losses NCO (Recoveries) NCO (Recovery) Ratio (annualized) 1.70% 2.02% 2.32% 2.52% 2.33% 4Q22 1Q23 2Q23 3Q23 4Q23 Total Criticized Loans as a % of Total Loans ($ Millions) ($ Millions) 0.36% 0.39% 0.38% 0.31% 0.24% 4Q22 1Q23 2Q23 3Q23 4Q23 NPAs/Total Assets

Strategic Reorganization 14 Realignment Around Lines of Business and Products, to Better Serve Client Base & Run Bank More Efficiently Completed Actions Planned Near- term Actions ▪ Optimized production capacity ▪ Reduced workforce ▪ Wind down of non-core businesses ▪ Consistency in delivery of excellent client service ▪ Empowered deposit growth engines and enhanced revenue generation ▪ More efficient allocation of resources and minimized redundancies ▪ Sustainably expanded profitability ▪ Branch rationalization, subject to customary notices & approvals ▪ Operational process improvements ▪ Streamlined back-office operations Outlined on Slide 16 Medium-Term Targets* RETAIL BANKING COMMERCIAL BANKING CORPORATE & INSTITUTIONAL BANKING FEE-BASED BUSINESS GROUP Consolidation under one leader to foster consistency of client experience, standardize processes, and improve efficiency Separated from commercial banking to oversee all retail banking activities, mortgage, branch network Expansion and deepening of total banking relationships and corporate deposit opportunities Partner with all Business Groups to drive growth in operating deposit accounts, accelerate fee-based revenue, and expand customer wallet share Focus: treasury management solutions, FX and interest rate risk management Focus: middle-market, corporate & institutional banking, specialized industries Focus: Korean subsidiary, traditional commercial, business banking, SBA and CRE Focus: consumer deposits, residential mortgage, and community investment Four Distinct Business Groups: Expected Benefits * Please see detailed footnote on Slide 16 defining “Medium- Term Targets”.

Management’s Financial Outlook for 4Q24* vs. 4Q23 15 4Q23 ($ Millions) Outlook for 4Q24* vs. 4Q23 Anticipated Drivers Average Loans $ 14,053 Low single-digit % growth ▪ Reorganized frontline pivoting to growth ▪ Expecting payoffs to moderate in 2024; 2023 included strategic exits ▪ Anticipating loan growth to be weighted toward 2H 2024 ▪ Expecting to maintain average loan-to-deposit ratio below 95% Net Interest Income $ 126 Low single-digit % decline ▪ Forward curve assumptions: 5 cuts starting in May, Fed Funds Upper Target of 4.25% @ 12/31/24 ▪ Planning to pay off BTFP at the end of March/early April: corresponding decline in interest earning cash balances and decrease in net interest income ▪ Expecting positive impact from loan growth and improved cost of funds SBA Loan Gain on Sale $ ̶ (no sales) Return to SBA sales when market conditions warrant ▪ Current market premiums low; more economic to keep production on balance sheet ▪ Expecting secondary market premiums to increase when benchmark interest rates fall ▪ Anticipating selling SBA 7(a) production in 4Q24 Noninterest Expense1 (excluding notable items) $ 85 >5% decrease ▪ Anticipated cost savings from restructuring, partially offset by: ▪ Annual merit increases ▪ Planned hiring to support business development and revenue generation ▪ Continued investment in technology to improve operational efficiency & customer experience Operating Leverage N/A Positive operating leverage ▪ Expecting to generate positive operating leverage: decrease in expenses exceeds pressure on net interest income ▪ Gains on sale of SBA loans would be incrementally additive to the operating leverage ACL Coverage 1.15% Stable ACL coverage ▪ Based on current economic outlook, expecting stable ACL coverage * The Financial Outlook for 4Q24 is presented as of January 30, 2024, reflects the Company’s updated financial outlook for 4Q24 vs. actual results in 4Q23, and will not be updated or affirmed unless and until the Company publicly announces such update or affirmation. The Company’s financial outlook for 4Q24 is dependent on macroeconomic factors, including, but limited to, changes to market interest rates, and reflects expectations as of the date of this presentation. The Financial Outlook for 4Q24 contains forward-looking statements and actual results or conditions may differ materially and adversely from those included in the Financial Outlook for 4Q24. Please refer to the “forward-looking statements” on Slide 2 of this presentation. 1 Noninterest expense excluding notable items is a non-GAAP financial measure. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the Appendix of this presentation.

* The Medium-Term Targets reflect the Company’s current projections for 2026 and beyond. The Company’s Medium-Term Targets are presented as of January 30, 2024, reflect the Company’s current outlook for 2026 and beyond, and will not be updated or affirmed unless and until the Company publicly announces such update or affirmation. Macroeconomic assumptions underpinning the Company’s Medium- Term Targets reflect the current forward interest rate curve and assumes ongoing positive economic growth over the medium term, but at a slower pace when compared with 2023. The Company’s Medium- Term Targets and current projections for 2026 and beyond are each dependent on macroeconomic factors, including, but not limited to, changes to market interest rates, and reflects expectations as of the date of this presentation. The Medium-Term Targets and macroeconomic assumptions contain forward-looking statements and actual results or conditions may differ materially and adversely from those included in the Medium-Term Targets. Please refer to the “forward-looking statements” on Slide 2 of this presentation. High single-digit % growth Targeting balanced growth across all business lines in normalized operating environment Planning to maintain loan-to- deposit ratio <95% Loan Growth >10% Targeting medium-term annual revenue growth to outpace loan growth • Loan growth • Accelerated fee income growth • Expanding net interest margin due to improved funding mix Revenue Growth <50% Targeting efficiency ratio improvement driven by revenue growth, expense management discipline, and operational process improvement Efficiency Ratio >1.2% Targeting attractive levels of returns driven by improved profitability Return on Avg Assets Medium-Term Targets* 16 Anticipated positive impact from strategic reorganization expected to drive operational efficiencies and greater returns in the medium term.

Q&A 2023 Fourth Quarter Earnings Conference Call 17

Appendix 18

Summary Income Statement 19 ($ in thousands, except per share and share data) 4Q23 3Q23 QoQ % change 4Q22 YoY % change Net interest income before provision for credit losses $ 125,916 $ 135,378 (7)% $ 150,521 (16)% Provision for credit losses 1,700 16,800 (90)% 8,200 (79)% Net interest income after provision for credit losses 124,216 118,578 5 % 142,321 (13)% Noninterest income 9,280 8,305 12 % 12,110 (23)% Noninterest expense 99,891 86,873 15 % 84,518 18 % Noninterest expense excluding notable items1 84,844 86,373 (2)% 84,518 ̶ % Income before income taxes 33,605 40,010 (16)% 69,913 (52)% Income tax provision 7,124 9,961 (28)% 18,210 (61)% Net income $ 26,481 $ 30,049 (12)% $ 51,703 (49)% Net income excluding notable items1 $ 38,338 $ 30,425 26 % $ 51,703 (26)% Earnings Per Common Share - Diluted $0.22 $0.25 $0.43 Earnings Per Common Share excluding notable items1 - Diluted $0.32 $0.25 $0.43 Weighted Average Shares Outstanding - Diluted 120,761,112 120,374,618 120,102,665 1 Noninterest expense excluding notable one-time items, net income excluding notable one-time items, and diluted earnings per common share excluding notable one-time items are non-GAAP financial measures. Quantitative reconciliations of the most directly comparable GAAP to non-GAAP financial measures are provided in the Appendix of this presentation.

Summary Balance Sheet 20 ($ in thousands, except per share data) 12/31/2023 9/30/2023 QoQ % change 12/31/2022 YoY % change Cash and due from banks $ 1,928,967 $ 2,500,323 (23)% $ 506,776 281 % Investment securities 2,408,971 2,260,837 7 % 2,243,195 7 % Federal Home Loan Bank (“FHLB”) stock and other investments 61,000 60,433 1 % 61,761 (1)% Loans held for sale, at the lower of cost or fair value 3,408 19,502 (83)% 49,245 (93)% Loans receivable 13,853,619 14,306,193 (3)% 15,403,540 (10)% Allowance for credit losses (158,694) (158,809) — % (162,359) (2)% Net loans receivable 13,694,925 14,147,384 (3)% 15,241,181 (10)% Goodwill and intangible assets 468,385 468,832 — % 470,176 — % Other assets 565,866 619,053 (9)% 592,157 (4)% Total assets $ 19,131,522 $ 20,076,364 (5)% $ 19,164,491 — % Deposits $ 14,753,753 $ 15,739,859 (6)% $ 15,738,801 (6)% FHLB and Federal Reserve Bank borrowings 1,795,726 1,795,726 — % 865,000 108 % Other liabilities 460,800 510,355 (10)% 541,362 (15)% Total liabilities $ 17,010,279 $ 18,045,940 (6)% $ 17,145,163 (1)% Total stockholders’ equity 2,121,243 2,030,424 4 % 2,019,328 5 % Book value per share $17.66 $16.92 4 % $16.90 4 % Tangible book value per share1 $13.76 $13.01 6 % $12.96 6 % Tangible common equity ratio1 8.86% 7.96% 8.29% Loan-to-deposit ratio 93.9% 91.0% 98.2% 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 Appendix of this presentation.

Appendix: Non-GAAP Financials 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) 21 Return on Average Tangible Common Equity (ROTCE) ($ in thousands, except per share info) 4Q23 3Q23 4Q22 Total stockholders’ equity $ 2,121,243 $ 2,030,424 $ 2,019,328 Less: Goodwill and core deposit intangible assets, net (468,385) (468,832) (470,176) TCE $ 1,652,858 $ 1,561,592 $ 1,549,152 Total assets $ 19,131,522 $ 20,076,364 $ 19,164,491 Less: Goodwill and core deposit intangible assets, net (468,385) (468,832) (470,176) Tangible assets $ 18,663,137 $ 19,607,532 $ 18,694,315 TCE Ratio 8.86% 7.96% 8.29% Common shares outstanding 120,126,786 120,026,220 119,495,209 TCE per share $ 13.76 $ 13.01 $ 12.96 ($ in thousands) 4Q23 3Q23 4Q22 Average stockholders’ equity $ 2,048,335 $ 2,079,092 $ 1,997,460 Less: Average goodwill and core deposit intangible assets, net (468,622) (469,079) (470,442) Average TCE $ 1,579,713 $ 1,610,013 $ 1,527,018 Net income $ 26,481 $ 30,049 $ 51,703 ROTCE (annualized) 6.71% 7.47% 13.54%

Appendix: Non-GAAP Financials 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. 22 ($ in thousands) 4Q23 3Q23 4Q22 Noninterest expense $ 99,891 $ 86,873 $ 84,518 Less: notable items: FDIC special assessment expense (3,971) ̶ ̶ Restructuring costs (11,076) (500) ̶ Noninterest expense excluding notable items $ 84,844 $ 86,373 $ 84,518 Revenue $ 135,196 $ 143,683 $ 162,631 Efficiency ratio excluding notable items 62.76% 60.11% 51.97% Average assets 19,600,942 20,059,304 18,863,726 Noninterest expense/average assets excluding notable items 1.73% 1.72% 1.79% Efficiency Ratios Excluding Notable Items ($ in thousands) 4Q23 3Q23 4Q22 Net income $ 26,481 $ 30,049 $ 51,703 Notable items: FDIC special assessment expense 3,971 ̶ ̶ Restructuring costs 11,076 500 ̶ Total notable items 15,047 500 ̶ Tax provision 3,190 124 ̶ Less: total notable items, net of tax provision $ 11,857 $ 376 $ ̶ Net income excluding notable items $ 38,338 $ 30,425 $ 51,703 Diluted common shares 120,761,112 120,374,618 120,102,665 EPS excluding notable items $ $0.32 $ 0.25 $ 0.43 Average assets 19,600,942 20,059,304 18,863,726 ROA excluding notable items 0.78% 0.61% 1.10% Average equity 2,048,335 2,079,092 1,997,460 ROE excluding notable items 7.49% 5.85% 10.35% Average TCE $ 1,579,713 $ 1,610,013 $ 1,527,018 ROTCE excluding notable items 9.71% 7.56% 13.54% Profitability Ratios Excluding Notable Items

EX-99.3

News Release

HOPE BANCORP DECLARES QUARTERLY CASH DIVIDEND OF $0.14 PER SHARE

LOS ANGELES - January 30, 2024 - Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per common share. The dividend is payable on or about February 23, 2024, to all stockholders of record as of the close of business on February 9, 2024.

Investor Conference Call

The Company previously announced that it will host an investor conference call on Tuesday, January 30, 2024, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time to review unaudited financial results for its fourth quarter and full year ended December 31, 2023. 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 one year. A telephonic replay of the call will be available at 877-344-7529 (domestic) or 412-317-0088 (international) for one week through February 6, 2024, replay access code 4752295.

About Hope Bancorp, Inc.

Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with $19.13 billion in total assets as of December 31, 2023. Headquartered in Los Angeles and serving a multi-ethnic population of customers across the nation, the Bank provides a full suite of commercial, corporate and consumer loans, including commercial and commercial real estate lending, SBA lending, residential mortgage and other consumer lending; deposit and fee-based products and services; international trade financing; cash management services, foreign currency exchange solutions, and interest rate derivative products, among others. Bank of Hope operates 54 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Alabama, and Georgia. The Bank also operates SBA loan production offices, commercial loan production offices, and residential mortgage loan production offices in the United States; and a representative office in Seoul, 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 bankofhope.com. By including the foregoing website address link, the Company does not intend to and shall not be deemed to incorporate by reference any material contained or accessible therein.

Contacts:

Julianna Balicka    Angie Yang

EVP & Chief Financial Officer    SVP, Director of Investor Relations & Corporate Communications

213-235-3235    213-251-2219

julianna.balicka@bankofhope.comangie.yang@bankofhope.com

# # #

XML

Document And entity Information	Jan. 30, 2024
Cover [Abstract]
Document Type	8-K
Document Period End Date	Jan. 30, 2024
Entity Registrant Name	HOPE BANCORP INC
Entity Incorporation, State or Country Code	DE
Entity File Number	000-50245
Entity Tax Identification Number	95-4849715
Entity Address, Address Line One	3200 Wilshire Boulevard, Suite 1400
Entity Address, City or Town	Los Angeles
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90010
City Area Code	213
Local Phone Number	639-1700
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock
Trading Symbol	HOPE
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key	0001128361
Amendment Flag	false