Hope Bancorp (Hope Bancorp) Credit Losses Provision : $29.1 Mil (As of Dec. 2023)

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What is Hope Bancorp Credit Losses Provision?

Hope Bancorp's credit losses provision for the three months ended in Dec. 2023 was $1.7 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $29.1 Mil.

Hope Bancorp's quarterly credit losses provision increased from Jun. 2023 ($8.9 Mil) to Sep. 2023 ($16.8 Mil) but then declined from Sep. 2023 ($16.8 Mil) to Dec. 2023 ($1.7 Mil).

Hope Bancorp's annual credit losses provision increased from Dec. 2021 ($-12.2 Mil) to Dec. 2022 ($9.6 Mil) and increased from Dec. 2022 ($9.6 Mil) to Dec. 2023 ($29.1 Mil).

Hope Bancorp Credit Losses Provision Historical Data

The historical data trend for Hope Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hope Bancorp Credit Losses Provision Chart

Hope Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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7.30

95.00

-12.20

9.60

29.10

Hope Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															8.20	1.70	8.90	16.80	1.70

Hope Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $29.1 Mil.

Hope Bancorp (Hope Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hope Bancorp Inc (NAS:HOPE) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

NRB:Germany

Address

3200 Wilshire Boulevard, Suite 1400, Los Angeles, CA, USA, 90010

Website

https://www.bankofhope.com

Hope Bancorp Inc is a bank holding company engaged in providing financial services. It offers core business banking products for small and medium-sized businesses and individuals. Services offered by the bank include online banking, mobile banking, mortgage loans, credit cards, investment and wealth management services and other banking services.

Executives

Thomas Stenger	officer: EVP, Chief Risk Officer	3200 WILSHIRE BLVD STE 1400, LOS ANGELES CA 90010
Angelee Harris	officer: EVP, General Counsel	525 J STREET, SACRAMENTO CA 95814
Dale S. Zuehls	director	3200 WILSHIRE BLVD., SUITE 1400, LOS ANGELES CA 90010
Julianna Balicka	officer: EVP, CFO	3200 WILSHIRE BLVD. STE. 1400, LOS ANGELES CA 90010
William J Lewis	director	415 HUNTINGTON DRIVE, SAN MARINO CA 91108
Mary E Thigpen	director	3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070
Steven Koh	director	3200 WILSHIRE BLVD, LOS ANGELES CA 90010
Joon Kyung Kim	director	3200 WILSHIRE BLVD STE 1400, LOS ANGELES CA 90010
Chung Hyun Lee	director	3435 WILSHIRE BLVD SUITE 700, LOS ANGELES CA 90010
Alex Ko	officer: EVP, Deputy CFO	3200 WILSHIRE BOULEVARD, 14TH FLOOR, LOS ANGELES CA 30010
Hung Quoc Van	officer: EVP, Chief Information Officer	2954 COLERIDGE CIR, PASADENA CA 91107
James Hwang	director	5669 LAKESHORE DR, FRISCO TX 75036
Jason K Kim	officer: EVP, Chief Lending Officer	3435 WILSHIRE BLVD., SUITE 700, LOS ANGELES CA 90010
Peter Koh	officer: EVP, Chief Credit Officer	3200 WILSHIRE BLVD, LOS ANGELES CA 90010
David P Malone	director	3200 WILSHIRE BLVD., SUITE 1400, LOS ANGELES CA 90010