| Market Capitalization (Millions $) |
1,806 |
| Shares
Outstanding (Millions) |
129 |
| Employees |
1,434 |
| Revenues (TTM) (Millions $) |
488 |
| Net Income (TTM) (Millions $) |
70 |
| Cash Flow (TTM) (Millions $) |
-139 |
| Capital Exp. (TTM) (Millions $) |
12 |
Business Description
Hope Bancorp Inc is a publicly traded bank holding company that is headquartered in Los Angeles, California. The company operates primarily through its subsidiary, Bank of Hope, which provides a wide range of banking products and services to individuals, small businesses, and commercial customers.
Hope Bancorp Inc was founded in 1996 as BBCN Bancorp, and it initially focused on serving the Korean-American community in the United States. The company merged with Wilshire Bancorp in 2016 and rebranded as Hope Bancorp Inc. Since then, the company has expanded its reach and diversified its customer base.
The bank operates in four primary business segments: commercial real estate lending, trade finance, SBA lending, and personal banking. Commercial real estate lending is the largest segment, accounting for over 50% of the bank's total loan portfolio. The bank also provides international trade finance services, including letters of credit, foreign currency exchange, and other trade-related services.
Bank of Hope has approximately 56 branches across California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia, and Alabama. The bank has around 1,000 employees and serves over 120,000 customers.
Hope Bancorp Inc is a well-capitalized bank with a strong balance sheet. The bank has consistently received high ratings from independent rating agencies, such as Moody's and Standard & Poor's, for its financial strength and stability. As of December 31, 2020, the bank had total assets of $18 billion, deposits of $13.4 billion, and loans of $12.8 billion.
Hope Bancorp Inc is committed to providing excellent customer service and building long-term relationships with its customers. The bank's mission is to help individuals and businesses achieve their financial goals by providing innovative and tailored financial solutions. The bank also supports the communities it serves through various philanthropic initiatives and volunteer activities.
Company Address: 3200 Wilshire Boulevard, Los Angeles 90010 CA
Company Phone Number: 639-1700 Stock Exchange / Ticker: NASDAQ HOPE
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