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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 $143.68 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 13.7%. EPS of $0.25 for the same period compares to $0.45 a year ago.
The reported revenue represents a surprise of +3.00% over the Zacks Consensus Estimate of $139.5 million. With the consensus EPS estimate being $0.26, the EPS surprise was -3.85%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
Net charge-offs to average loans: 0.9% versus the three-analyst average estimate of 0.1%.
Net Interest Margin: 2.8% versus 2.7% estimated by three analysts on average.
Efficiency Ratio: 60.5% compared to the 62.8% average estimate based on three analysts.
Average Balance - Total interest earning assets: $18.98 billion versus $19.22 billion estimated by two analysts on average.
Net Interest Income: $135.38 million versus $127.88 million estimated by three analysts on average.
Total noninterest income: $8.31 million versus the three-analyst average estimate of $11.61 million.
Service fees on deposit accounts: $2.42 million versus the two-analyst average estimate of $2.19 million.
Shares of Hope Bancorp have returned -0.8% over the past month versus the Zacks S&P 500 composite's -4% 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 $143.68 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 13.7%. EPS of $0.25 for the same period compares to $0.45 a year ago.
The reported revenue represents a surprise of +3.00% over the Zacks Consensus Estimate of $139.5 million. With the consensus EPS estimate being $0.26, the EPS surprise was -3.85%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
- Net charge-offs to average loans: 0.9% versus the three-analyst average estimate of 0.1%.
- Net Interest Margin: 2.8% versus 2.7% estimated by three analysts on average.
- Efficiency Ratio: 60.5% compared to the 62.8% average estimate based on three analysts.
- Average Balance - Total interest earning assets: $18.98 billion versus $19.22 billion estimated by two analysts on average.
- Net Interest Income: $135.38 million versus $127.88 million estimated by three analysts on average.
- Total noninterest income: $8.31 million versus the three-analyst average estimate of $11.61 million.
- Service fees on deposit accounts: $2.42 million versus the two-analyst average estimate of $2.19 million.
View all Key Company Metrics for Hope Bancorp here>>>Shares of Hope Bancorp have returned -0.8% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.