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.
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