Hope Bancorp Q2 FY26 net income rises 12% to $33 million; net interest income climbs 4% to $129 million
HOPE•Fee income rises while expenses increase modestly
Noninterest income increased 11% from the prior quarter to $18.9 million, including $4.4 million of net gains on SBA loan sales.
Noninterest expense rose 4% from the prior quarter to $98.5 million; the efficiency ratio improved to 66.6% from 67%.
Quarterly results improve on higher net interest income
Hope Bancorp posted second-quarter net income of $33 million, up 12% from the prior quarter; diluted EPS rose to $0.26.
Net interest income climbed 4% from the prior quarter to $129 million; net interest margin widened 6 basis points to 2.96%.
Management cites growth, margin expansion and acquisition
Management highlighted loan growth, margin expansion, lower funding costs, higher fee income and expense discipline; it also cited a pending unit acquisition.
