greeksoup/ stock research
Stock research / United States / HOPE / Q3 FY2023

Hope Bancorp (HOPE) Q3 FY2023 earnings: revenue $144 million, down 13.7% on the year

Hope Bancorp Inc. (HOPE) reported revenue of $144 million for Q3 FY2023, the quarter ended 30 September 2023, down 13.7% on the same quarter a year earlier. Net income was $30 million, down 44.1% on the year, and diluted earnings per share $0.25. The figures are the company's own, from the 10-Q it filed with the SEC on 8 November 2023.

Revenue$144 milliondown 13.7%
Net income$30 milliondown 44.1%
Diluted EPS$0.25
QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Revenue144n/an/an/a
Interest expense140n/an/an/a
Pre-tax income40.0n/an/an/a
Income tax10.0n/an/an/a
Effective tax rate24.9%n/an/a
Net income30.0n/an/an/a
Net margin20.9%n/an/a
Diluted EPS$0.25n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Operating cash flow193n/an/an/a
Capital expenditure3.4n/an/an/a
Free cash flow189n/an/an/a
Cash from investing366n/an/an/a
Cash from financing-361n/an/an/a
Depreciation and amortisation2.3n/an/an/a
Share-based compensation3.0n/an/an/a
Buybacks0.0n/an/an/a
Dividend per share$0.14n/an/an/a
Diluted shares, weighted120mn/an/an/a
Shares outstanding at period end120mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Shareholders' equity2,030n/an/an/a
Deposits15,740n/an/an/a
Short-term borrowings1,796n/an/an/a
Operating lease liabilities41.5n/an/an/a
Other liabilities469n/an/an/a
Total liabilities and equity20,076n/an/an/a
Fixed assets51.8n/an/an/a
Goodwill464n/an/an/a
Intangible assets4.4n/an/an/a
Securities held for sale or to maturity2,261n/an/an/a
Loans14,147n/an/an/a
Cash and equivalents2,500n/an/an/a
Other assets647n/an/an/a
Total assets20,076n/an/an/a

Questions

What was Hope Bancorp's revenue in Q3 FY2023?

Hope Bancorp (HOPE) reported revenue of $144 million for Q3 FY2023, the quarter ended 30 September 2023, down 13.7% on the same quarter a year earlier.

How much did Hope Bancorp earn in Q3 FY2023?

Net income for Q3 FY2023 was $30 million, down 44.1% on the year, and diluted earnings per share $0.25.

When did Hope Bancorp report Q3 FY2023 results?

Hope Bancorp filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 8 November 2023.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025Q2 FY2025 †Q3 FY2025 †Q4 FY2025Q1 FY2026Q2 FY2026
Revenue14413512311711711811794.6142146141148
Interest expense140143145127130124116122118113n/an/a
Pre-tax income40.033.635.934.532.130.427.8-26.136.439.137.942.6
Tax rate25%21%28%27%25%20%24%n/a15%12%22%22%
Net income30.026.525.925.324.224.321.1-24.830.834.529.533.0
Net margin21%20%21%22%21%21%18%-26%22%24%21%22%
Diluted EPS$0.25$0.22$0.21$0.21$0.20$0.20$0.17-$0.22$0.24$0.27$0.23$0.26
Operating cash flow19378.629.6-25.663.049.626.79.451.776.813.860.4
Capital expenditure3.42.02.12.52.92.32.72.54.63.42.04.4
Free cash flow18976.627.5-28.160.147.424.06.947.273.411.856.0
Buybacks0.0n/an/an/an/an/a0.00.0n/an/a6.72.0
Shares outstanding120m120m121m121m121m121m121m128m128m128m128m128m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read moreA quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 8 November 2023, accession 0001128361-23-000051: the filing on EDGAR. All of Hope Bancorp Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install