Monitor regulatory progress on MANUBANK acquisition (target 2H 2026) as a key catalyst. Near-term, the revenue miss and elevated charge-offs may limit upside despite EPS beat and raised guidance. Watch for commentary on credit trends and organic loan growth trajectory.
Price Chart
Executive Summary
Hope Bancorp reported Q1 2026 net income of $29.5M ($0.23/diluted), up 40% YoY, beating EPS consensus by 4.5% but missing total revenue consensus of $145.3M by 2.9%. The company raised full-year loan growth guidance to >20% and announced a pending accretive acquisition of MANUBANK, while credit costs rose sharply with net charge-offs tripling QoQ to 0.29%.
Key Financial Metrics
Key Facts
- Q1 2026 net income $29.5M ($0.23/diluted), up 40% YoY from $21.1M ($0.17)
- Total revenue $141.0M (net interest income $124.1M + noninterest income $17.0M), up 23% YoY but down 3% QoQ
- EPS beat consensus of $0.22 by $0.01 (4.5%); revenue missed consensus of $145.3M by $4.3M (2.9%)
- Net interest margin stable at 2.90% QoQ, up 36bps YoY
- Raised full-year 2026 loan growth guidance to >20% from high-single digit; total revenue growth guided to ~15-20% (upper end)
- Net charge-offs increased to $10.7M (0.29% annualized) from $3.6M (0.10%) in Q4 2025
- Pending all-cash acquisition of SMBC MANUBANK's Commercial Banking Unit for accretive deal, expected to close 2H 2026
- Declared quarterly dividend of $0.14 per share
- Repurchased 604,161 shares at avg. $11.10/share in Q1 2026
Financial Impact
EPS beat by $0.01, revenue miss of ~$4.3M. MANUBANK acquisition adds ~$2.5B loans and ~$2.7B deposits on pro forma basis; TBV dilution ~4.5% with ~2-year earnback.
Risk Factors
- Revenue missed consensus, signaling potential top-line headwinds from lower noninterest income
- Net charge-offs more than tripled QoQ to 0.29%, indicating credit deterioration in C&I portfolio
- Pending MANUBANK acquisition carries integration risk and ~4.5% tangible book value dilution
- QoQ net income declined 14% from $34.5M to $29.5M
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001128361-26-000024 |
| Document: hopeq126slides.htm | 0001128361-26-000024 |
| Document: hope-20260428.htm | 0001128361-26-000024 |
| Document: hope-03312026ex993q12026di.htm | 0001128361-26-000024 |
| Document: 0001128361-26-000024-index-headers.html | 0001128361-26-000024 |
| Document: 0001128361-26-000024-index.html | 0001128361-26-000024 |
| Document: 0001128361-26-000024.txt | 0001128361-26-000024 |
| 8-K Data (Synthetic) | 0001128361-26-000024 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 8w ago | 8-K | $13.92 $13.72 | ▼ −1.44% | ▼ −1.66% | $14.11 (+1.36%) |
Apr 28, 2026 25w ago | 8-K | $12.77 $12.53 | ▼ −1.85% | ▼ −7.30% | $14.11 (+10.53%) |
Apr 10, 2026 28w ago | DEFA14A | $12.12 $12.14 | ▲ +0.14% | ▼ −7.59% | $14.11 (+16.39%) |
US Market Status
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