HOPE FY 2022 Earnings Report — Hope Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Hope Bancorp, Inc.HOPE

FY 2022 Earnings

Reported February 28, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$768M	—	$610M	—	25.8%
Op. Income	$296M	—	$275M	—	7.5%
Gross Margin	80.8%	—	93.2%	—	-12.4pp
Net Margin	28.4%	—	33.5%	—	-5.1pp
EPS (Diluted)	$1.81	—	$1.66	—	9.0%
Free Cash Flow	$476M	—	$317M	—	50.3%

Revenue Flow

Item	Amount
REVENUE	$768M
Cost of Revenue	$148M
GROSS PROFIT	$620M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$211M
SG&A Expenses	$211M
Other Expenses	$113M
Operating Expenses	$324M
Cost & Expenses	$471M
OPERATING INCOME	$296M
Interest Income	$716M
Interest Expense	$138M
Other Income/Expenses	$0
INCOME BEFORE TAX	$296M
Income Tax Expense	$78M
Net Income from Continuing Ops	$218M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$218M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$218M
D&A	$0
EBIT	$296M
EBITDA	$296M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$768M
Cost of Revenue	$148M
GROSS PROFIT	$620M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$211M
SG&A Expenses	$211M
Other Expenses	$113M
Operating Expenses	$324M
Cost & Expenses	$471M
OPERATING INCOME	$296M
Interest Income	$716M
Interest Expense	$138M
Other Income/Expenses	$0
INCOME BEFORE TAX	$296M
Income Tax Expense	$78M
Net Income from Continuing Ops	$218M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$218M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$218M
D&A	$0
EBIT	$296M
EBITDA	$296M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$218M
Depreciation & Amortization	$0
Stock-Based Compensation	$12M
Deferred Income Tax	-$9M
Other Non-Cash Items	$199M
Change in Working Capital	$65M
OPERATING CASH FLOW	$486M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	-$258M
Sales/Maturities of Investments	$357M
Other Investing Activities	-$1.6B
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$565M
Common Stock Repurchased	-$15M
Common Dividends Paid	-$67M
Other Financing Activities	$695M
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$476M
Net Change in Cash	$191M

Balance Sheet

Item	Amount
Cash & Equivalents	$507M
Short-Term Investments	$2.0B
Net Receivables	$55M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$102M
Goodwill	$464M
Intangible Assets	$6M
Long-Term Investments	$15.7B
Tax Assets	$150M
Other Non-Current Assets	$255M
TOTAL NON-CURRENT ASSETS	$16.6B
TOTAL ASSETS	$19.2B
Account Payables	$27M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$15.7B
TOTAL CURRENT LIABILITIES	$15.8B
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$132M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$17.1B
Common Stock	$137.0K
Additional Paid-In Capital	$1.4B
Retained Earnings	$1.1B
Treasury Stock	-$265M
Accum. Other Comp. Income	-$231M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$19.2B
Total Debt	$1.2B
Net Debt	$740M