Hope Bancorp, Inc. (HOPE), on Tuesday, reported net loss in the second quarter compared with the previous year.
For the second quarter, the company reported net loss of $27.88 million compared to profit of $25.27 million in the prior year.
Loss per share was $0.22 versus profit per share of $0.21 last year.
The company said the quarterly net loss reflects the impact of a securities portfolio repositioning, the completion of the Territorial Bancorp Inc. transaction, as well as a change to the California state tax apportionment law.
Interest income increased to $239.17 million from $232.60 million last year.
Non-interest loss came in at $22.96 million compared to income of $11.07 million in the previous year.
Loans came in at $14.45 billion, up from $13.34 billion last year. Deposits were $15.94 billion, compared to $14.49 billion in the prior year.
On Monday, Hope Bancorp closed trading 1.41% lesser at $11.20 on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.