Hope Bancorp Reports $27.9 Million Net Loss in Q2 2025 Due to Securities Repositioning and Tax Changes; EPS at $(0.22)

Reuters
Jul 22
Hope Bancorp Reports $27.9 Million Net Loss in <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Due to Securities Repositioning and Tax Changes; EPS at $(0.22)

Hope Bancorp, Inc., the holding company of Bank of Hope, reported its unaudited financial results for the second quarter ended June 30, 2025. The company recorded a net loss of $27.9 million, influenced by a securities portfolio repositioning, the completion of the Territorial Bancorp Inc. acquisition, and changes in California's state tax apportionment law. Excluding notable items, Hope Bancorp achieved a net income of $24.5 million for the quarter, compared to $21.1 million in the previous quarter. Significant developments during the quarter included the acquisition of Honolulu-based Territorial Bancorp Inc., effective April 2, 2025, and the repositioning of a portion of its legacy investment securities portfolio available for sale. Notable items amounting to $52.4 million after tax were recorded, linked to losses on securities sales, merger-related activities, and the impact of tax law changes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hope Bancorp Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250722950980) on July 22, 2025, and is solely responsible for the information contained therein.

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