Hope Bancorp Announces New Dates for 2020 Second Quarter Financial Results and Conference Call
July 20 2020 - 10:13PM
Business Wire
Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding
company of Bank of Hope (the “Bank”), today said it is delaying the
timing of its 2020 second quarter earnings news release and
conference call to allow for additional time to complete its
quarterly goodwill impairment analysis.
The Company will now report financial results for its 2020
second quarter after the markets close on Thursday, July 30, 2020
and host its quarterly conference call on Friday, July 31, 2020 at
9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time.
The Company is currently finalizing its quarterly goodwill
impairment analysis. However, given the significant impact COVID-19
is having on the overall economy, the analysis is taking longer
than usual, and the Company believes it is prudent to take
additional time as needed to complete a comprehensive analysis
prior to announcing its financial results.
As usual, a presentation deck to accompany the earnings call
will be available at the Investor Relations section of Hope
Bancorp’s website at www.ir-hopebancorp.com. Institutional
investors and analysts are invited to access the conference call by
dialing 866-235-9917 (domestic) or 412-902-4103 (international) and
asking for the “Hope Bancorp Call.” Other interested parties are
invited to participate via a live webcast of the call available at
Hope Bancorp’s investor relations website.
After the live webcast, the archived webcast will remain
available in Hope Bancorp’s investor relations website for one
year. A telephonic replay of the call will be available at
877-344-7529 (domestic) or 412-317-0088 (international) for one
week through August 7, 2020, replay access code 10146201.
About Hope Bancorp, Inc.
Hope Bancorp, Inc. is the holding company of Bank of Hope, the
first and only super regional Korean-American bank in the United
States with $16.0 billion in total assets as of March 31, 2020.
Headquartered in Los Angeles and serving a multi-ethnic population
of customers across the nation, Bank of Hope operates 58
full-service branches in California, Washington, Texas, Illinois,
New York, New Jersey, Virginia, Georgia and Alabama. The Bank also
operates SBA loan production offices in Seattle, Denver, Dallas,
Atlanta, Portland, Oregon, New York City, Northern California and
Houston; commercial loan production offices in Northern California
and Seattle; residential mortgage loan production offices in
Southern California; and a representative office in Seoul, Korea.
Bank of Hope specializes in core business banking products for
small and medium-sized businesses, with an emphasis in commercial
real estate and commercial lending, SBA lending and international
trade financing. Bank of Hope is a California-chartered bank, and
its deposits are insured by the FDIC to the extent provided by law.
Bank of Hope is an Equal Opportunity Lender. For additional
information, please go to bankofhope.com. By including the
foregoing website address link, the Company does not intend to and
shall not be deemed to incorporate by reference any material
contained or accessible therein.
Forward-Looking Statements
Some statements in this press release may constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements relate to, among other things, expectations regarding
the business environment in which we operate, projections of future
performance, perceived opportunities in the market and statements
regarding our business strategies, objectives and vision.
Forward-looking statements include, but are not limited to,
statements preceded by, followed by or that include the words
“will,” “believes,” “expects,” “anticipates,” “intends,” “plans,”
“estimates” or similar expressions. With respect to any such
forward-looking statements, the Company claims the protection
provided for in the Private Securities Litigation Reform Act of
1995. These statements involve risks and uncertainties. The
Company’s actual results, performance or achievements may differ
significantly from the results, performance or achievements
expressed or implied in any forward-looking statements. The risks
and uncertainties include, but are not limited to: possible
deterioration in economic conditions in our areas of operation;
interest rate risk associated with volatile interest rates and
related asset-liability matching risk; liquidity risks; risk of
significant non-earning assets, and net credit losses that could
occur, particularly in times of weak economic conditions or times
of rising interest rates; the failure of or changes to assumptions
and estimates underlying the Company’s allowances for credit
losses, regulatory risks associated with current and future
regulations, and the COVID-19 pandemic and its impact on our
financial position, results of operations, liquidity, and
capitalization. For additional information concerning these and
other risk factors, see the Company’s most recent Annual Report on
Form 10-K and Quarterly Report on Form 10-Q. The Company does not
undertake, and specifically disclaims any obligation, to update any
forward-looking statements to reflect the occurrence of events or
circumstances after the date of such statements except as required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200720005832/en/
Alex Ko EVP & Chief Financial Officer 213-427-6560
alex.ko@bankofhope.com
Angie Yang SVP, Director of Investor Relations & Corporate
Communications 213-251-2219 angie.yang@bankofhope.com
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