Hope Bancorp: Q3 Earnings Snapshot
Hope Bancorp Inc. (HOPE) reported third-quarter net income of $30.8 million, with earnings of 24 cents per share.
Earnings, adjusted for one-time gains and costs, came to 25 cents per share, missing Wall Street expectations of 26 cents per share.
The bank holding company posted revenue of $260.2 million, with revenue net of interest expense of $142 million, topping Street forecasts.
The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
Author's summary: Hope Bancorp's Q3 earnings missed expectations.
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