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Hope Bancorp: 1Q Earnings Snapshot

LOS ANGELES (AP) _ Hope Bancorp Inc. (HOPE) on Tuesday reported first-quarter earnings of $42.8 million.

The bank, based in Los Angeles, said it had earnings of 34 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 34 cents per share.

The bank holding company posted revenue of $184.6 million in the period. Its revenue net of interest expense was $131 million, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $132.4 million.

Hope Bancorp shares have increased 19 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.15, a decline of 23 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOPE at https://www.zacks.com/ap/HOPE