Hope Bancorp reports Q1 EPS 33c, consensus 37c

Reports Q1 NII $133.9M vs. $133.2M. "The focus this quarter was to maintain a strong balance sheet with high levels of capital and liquidity, and in this, we succeeded," said Kevin S. Kim, Chairman, CEO. "At the close of the 2023 first quarter, total deposits grew 1% quarter-over-quarter and 9% year-over-year, underscoring the confidence that our customers have in our franchise as the largest Korean American bank in the country. Our capital levels continued to be strong and our total risk-based capital ratio increased to 12.25% at March 31, 2023. Asset quality continued to be healthy."