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Compared to Estimates, Hope Bancorp (HOPE) Q3 Earnings: A Look at Key Metrics
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Hope Bancorp (HOPE - Free Report) reported $116.65 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 18.8%. EPS of $0.21 for the same period compares to $0.25 a year ago.
The reported revenue represents a surprise of -4.12% over the Zacks Consensus Estimate of $121.67 million. With the consensus EPS estimate being $0.22, the EPS surprise was -4.55%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hope Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 69.7% compared to the 64.7% average estimate based on three analysts.
Net Interest Margin: 2.6% versus 2.6% estimated by three analysts on average.
Net charge-offs to average loans: 0.2% versus the two-analyst average estimate of 0.1%.
Average Balance - Total interest earning assets: $16.38 billion compared to the $16.53 billion average estimate based on two analysts.
Net Interest Income: $104.81 million compared to the $109.11 million average estimate based on three analysts.
Net gains on sales of SBA loans: $2.72 million versus $3.03 million estimated by three analysts on average.
Total noninterest income: $11.84 million versus $12.55 million estimated by three analysts on average.
Service fees on deposit accounts: $2.65 million compared to the $3.37 million average estimate based on two analysts.
Shares of Hope Bancorp have returned +0.6% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Hope Bancorp (HOPE) Q3 Earnings: A Look at Key Metrics
Hope Bancorp (HOPE - Free Report) reported $116.65 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 18.8%. EPS of $0.21 for the same period compares to $0.25 a year ago.
The reported revenue represents a surprise of -4.12% over the Zacks Consensus Estimate of $121.67 million. With the consensus EPS estimate being $0.22, the EPS surprise was -4.55%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hope Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 69.7% compared to the 64.7% average estimate based on three analysts.
- Net Interest Margin: 2.6% versus 2.6% estimated by three analysts on average.
- Net charge-offs to average loans: 0.2% versus the two-analyst average estimate of 0.1%.
- Average Balance - Total interest earning assets: $16.38 billion compared to the $16.53 billion average estimate based on two analysts.
- Net Interest Income: $104.81 million compared to the $109.11 million average estimate based on three analysts.
- Net gains on sales of SBA loans: $2.72 million versus $3.03 million estimated by three analysts on average.
- Total noninterest income: $11.84 million versus $12.55 million estimated by three analysts on average.
- Service fees on deposit accounts: $2.65 million compared to the $3.37 million average estimate based on two analysts.
View all Key Company Metrics for Hope Bancorp here>>>Shares of Hope Bancorp have returned +0.6% over the past month versus the Zacks S&P 500 composite's +2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.