Compared to Estimates, Hope Bancorp (HOPE) Q3 Earnings: A Look at Key Metrics

Hope Bancorp (HOPE) 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.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hope Bancorp, Inc. (HOPE): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks