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HOPE BANCORP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Interest and fees on loans554.97627.67594.10529.76392.13291.34283.82266.68250.58145.55
Interest on other investments, including time certificate of deposits with other financial institutions--------------------
Interest on securities39.3646.3045.3436.9225.4418.6116.0814.6616.4815.50
Interest on interest rate swaps--------------------
Interest on federal funds sold and other investments4.5510.8210.735.434.373.712.761.730.820.84
Total Interest Income598.88684.79650.17572.10421.93313.66302.66283.07267.89161.90
Interest on deposits110.37190.16134.9674.9048.0933.4129.1823.3221.3520.25
Interest expense--------------------
Interest on FHLB borrowings6.8712.0315.1310.717.565.655.254.906.239.77
Interest on other borrowings14.1516.0012.165.122.931.561.641.802.062.06
Total Interest Expense131.38218.19162.2590.7258.5840.6236.0630.0229.6532.08
Net Interest Income467.50466.60487.93481.38363.36273.04266.60253.06238.24129.82
Provision for loan losses95.007.3014.9017.369.008.0012.6420.0019.1027.94
Net interest income after provision for loan losses372.50459.30473.03464.02354.36265.04253.96233.06219.13101.88
International service fees3.143.934.374.493.693.453.934.925.042.63
Loan servicing fees, net2.812.324.705.433.523.143.233.964.111.53
Wire transfer fees3.584.564.935.064.333.633.573.583.251.56
Loan referral income--------------------
Other income and fees11.8612.8214.8514.8111.707.916.605.805.462.29
Service charges on deposit accounts12.4417.9318.5520.6215.9612.2113.6912.8412.476.37
Net gains on sales of securities available for sale7.530.28--0.300.950.42--0.050.951.29
Other than temporary impairment on securities--------------------
Gain on interest rate swaps4.073.360.58----------0.04(0.11)
Net gains on sales of SBA loans----9.7112.778.7512.6713.1711.528.187.35
Net gains on sales of other loans8.004.492.492.932.920.27--0.060.150.03
Gain on sales of premises and equipment--------------------
Gain on sales of other real estate owned----------------(0.25)0.19
Amortization of negative goodwill--------------------
Total Non Interest Income53.4349.6860.1866.4251.8243.6944.1942.7239.3923.13
Salaries and employee benefits162.92161.17153.52144.67107.9484.9075.7066.8156.4931.63
Advertising and marketing6.289.159.4110.287.325.095.435.185.082.49
Occupancy28.9230.7430.3728.5924.5719.3919.1317.6815.6311.83
FDIC assessment5.543.886.575.174.174.094.353.312.444.35
OREO (income) expense3.87(0.93)0.193.102.491.523.273.03----
Merger-Related Expenses------1.7816.911.540.325.163.814.71
Furniture and Equipment17.5515.5814.9014.6411.739.258.136.815.664.03
Other15.1315.4715.6416.7914.839.4812.0814.9912.066.14
Communications------------8.90------
Professional fees8.1722.5316.2914.956.565.595.885.193.882.97
Data processing expense9.3410.7814.2312.1811.409.18--7.606.363.91
Change in discount on cash surrender value of life insurance--------------------
Office supplies and forms--------------------
FHLB prepayment fee3.58------------------
Credit related expenses6.824.982.860.582.951.926.885.879.013.79
Prepayment charge on retirement of debt----------------0.466.39
Loss on investments in affordable housing partnerships13.159.2912.0713.864.101.441.56------
Branch restructuring costs2.37--1.67--------------
Total non interest expense283.64282.63277.73266.60214.98153.38151.62141.62120.8982.23
Income Before Income Taxes142.29226.35255.48263.83191.20155.35146.52134.15137.6342.78
Current:Federal28.2831.9735.4064.9150.78------35.294.15
Current:State20.4921.8127.7524.7420.92------7.262.81
Deferred:Federal(11.08)0.872.3431.464.20------5.587.61
Deferred:State(6.92)0.660.413.281.55------6.291.08
Income taxes30.7855.3165.89124.3977.4563.0957.9152.4054.4115.66
Income before cumulative effect of a change in accounting principle--------------------
Cumulative effect of change in accounting principle--------------------
Consolidated Net Income (Loss)111.52171.04189.59139.45113.7592.2688.6281.7683.2227.12
Dividends and Discount Accretion on Preferred Stock----------------5.644.57
Net Income(Loss) Available to Shareholders111.52171.04189.59139.45113.7592.2688.6281.7677.5822.55
Income before cumulative effect of a change in accounting principle:Basic--------------------
Cumulative effect of a change in accounting principle:Basic--------------------
EARNINGS PER SHARE:Basic0.901.351.441.031.101.161.111.030.990.53
Income before cumulative effect of a change in accounting principle:Diluted--------------------
Cumulative effect of a change in accounting principle:Diluted--------------------
EARNINGS PER SHARE:Diluted0.901.351.441.031.101.161.111.030.990.53
Weighted Average Shares Outstanding (Basic)123.50126.60131.72135.35103.2979.5579.4979.0478.0142.19
Weighted Average Shares Outstanding (Diluted)123.89126.88131.95135.69103.5379.6179.6179.2678.0942.21