Hope Bancorp Q2: 4.3% Revenues Decline, 4% Growth In Deposits & More
Portfolio Pulse from Nabaparna Bhattacharya
Hope Bancorp, Inc. reported Q2 revenues of $147.70 million, a 4.3% decline YoY, but beating the consensus of $141.07 million. The company also reported a 4% YoY growth in deposits, reaching $15.62 billion. Despite the revenue decline, HOPE shares are trading higher by 5.45%.
July 24, 2023 | 3:37 pm
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Hope Bancorp reported a decline in Q2 revenues but beat consensus estimates. The company also reported growth in deposits. Shares are trading higher.
Despite a decline in revenues, Hope Bancorp beat consensus estimates, which is a positive signal to investors. Additionally, the company reported growth in deposits, indicating a strong financial position. This has likely contributed to the increase in the company's share price.
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