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AP National Business

Hope Bancorp: Q1 Earnings Snapshot

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Published 4:08 PM

LOS ANGELES (AP) — LOS ANGELES (AP) — Hope Bancorp Inc. (HOPE) on Monday reported first-quarter net income of $39.1 million.

The Los Angeles-based bank said it had earnings of 33 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.

The bank holding company posted revenue of $249.4 million in the period. Its revenue net of interest expense was $144.9 million, which also missed Street forecasts. Three analysts surveyed by Zacks expected $153.8 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOPE at https://www.zacks.com/ap/HOPE

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