Hope Bancorp, the holding company of Bank of Hope, reported a net income of $21.1 million for the first quarter of 2025, or $0.17 per share, falling just short of Wall Street expectations of $0.18 per share.
This figure marks a 13.3% decline from the previous quarter’s $24.3 million ($0.20 per share) and an 18.4% decrease from the $25.9 million ($0.21 per share) reported in Q1 2024.
Total assets were $17.07 billion, nearly unchanged from the previous quarter’s $17.05 billion, but down 5.6% from $18.09 billion a year earlier.
Loans totaled $13.34 billion, down 2.1% from $13.62 billion in Q4 2024 and 2.8% from $13.72 billion in Q1 2024. Deposits reached $14.49 billion, up 1.1% from $14.33 billion the previous quarter but down 1.8% from $14.75 billion a year ago.
Return on assets (ROA) was 0.49%, compared to 0.57% in the prior quarter and 0.54% in Q1 2024. Net interest margin (NIM) rose slightly to 2.54%, up 0.04 percentage points from the previous quarter, though slightly lower than the 2.55% reported a year earlier.
The board of directors also declared a quarterly cash dividend of $0.14 per share, payable on May 16 to shareholders of record as of May 2.
[By WONHEE CHO]
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