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Hope Bancorp (HOPE) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2023, Hope Bancorp (HOPE - Free Report) reported revenue of $135.2 million, down 16.9% over the same period last year. EPS came in at $0.32, compared to $0.43 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $139.6 million, representing a surprise of -3.16%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $0.28.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hope Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 2.7% compared to the 2.8% average estimate based on three analysts.
Average Balance - Total interest earning assets: $18.53 billion versus the two-analyst average estimate of $18.96 billion.
Net charge-offs to average loans: 0.1% versus the two-analyst average estimate of 0.2%.
Net Interest Income: $125.92 million versus the three-analyst average estimate of $130.44 million.
Total noninterest income: $9.28 million versus $8.81 million estimated by three analysts on average.
Service fees on deposit accounts: $2.51 million compared to the $2.22 million average estimate based on two analysts.
Shares of Hope Bancorp have returned -1.1% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Hope Bancorp (HOPE) Reports Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, Hope Bancorp (HOPE - Free Report) reported revenue of $135.2 million, down 16.9% over the same period last year. EPS came in at $0.32, compared to $0.43 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $139.6 million, representing a surprise of -3.16%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $0.28.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Hope Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 2.7% compared to the 2.8% average estimate based on three analysts.
- Average Balance - Total interest earning assets: $18.53 billion versus the two-analyst average estimate of $18.96 billion.
- Net charge-offs to average loans: 0.1% versus the two-analyst average estimate of 0.2%.
- Net Interest Income: $125.92 million versus the three-analyst average estimate of $130.44 million.
- Total noninterest income: $9.28 million versus $8.81 million estimated by three analysts on average.
- Service fees on deposit accounts: $2.51 million compared to the $2.22 million average estimate based on two analysts.
View all Key Company Metrics for Hope Bancorp here>>>Shares of Hope Bancorp have returned -1.1% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.