Hope Bancorp Q4 Profit, Interest Income Decline

(RTTNews) - Hope Bancorp, Inc. (HOPE), Monday reported net income of $24.34 million, or $0.20 per share for the fourth quarter, lower than $26.48 million or $0.22 per share in the comparable quarter last year.

On average, 4 analysts expected the company to report earnings of $0.20 per share. Analysts' estimates typically exclude special items.

Net interest income decreased to $102.14 million from $125.92 million a year ago.

For the fourth quarter, the company recorded a provision for credit losses of $10 million, higher than $2.4 million last year.

The company said that its Board has declared a quarterly dividend of $0.14 per share payable by February 20, to stockholders of record on February 6.