Hope Bancorp Inc
NASDAQ:HOPE
Hope Bancorp Inc
Tax Provision
Hope Bancorp Inc
Tax Provision Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Tax Provision | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Hope Bancorp Inc
NASDAQ:HOPE
|
Tax Provision
-$33.3m
|
CAGR 3-Years
22%
|
CAGR 5-Years
10%
|
CAGR 10-Years
5%
|
|
|
PNC Financial Services Group Inc
NYSE:PNC
|
Tax Provision
-$1.3B
|
CAGR 3-Years
-1%
|
CAGR 5-Years
-7%
|
CAGR 10-Years
1%
|
|
|
M&T Bank Corp
NYSE:MTB
|
Tax Provision
-$766m
|
CAGR 3-Years
-11%
|
CAGR 5-Years
-7%
|
CAGR 10-Years
-2%
|
|
|
Truist Financial Corp
NYSE:TFC
|
Tax Provision
$556m
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
|
|
Fifth Third Bancorp
NASDAQ:FITB
|
Tax Provision
-$602m
|
CAGR 3-Years
7%
|
CAGR 5-Years
3%
|
CAGR 10-Years
-1%
|
|
|
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
|
Tax Provision
-$815m
|
CAGR 3-Years
-74%
|
CAGR 5-Years
-43%
|
CAGR 10-Years
-29%
|
|
Hope Bancorp Inc
Glance View
Hope Bancorp Inc. is a fascinating player in the financial industry, known for its storied roots in the Korean-American community. Founded in 1986 and headquartered in Los Angeles, California, the bank was originally established to serve the financial needs of Korean immigrants. Over the years, it has grown into one of the largest Korean-American banks in the United States, providing a wide range of financial services. Hope Bancorp operates primarily through its subsidiary, Bank of Hope, recognized for its commitment to its core markets in California, New York, and New Jersey. This bank caters to personal banking needs while offering commercial loans, mortgages, and Small Business Administration (SBA) loans, deftly balancing the needs of individual consumers and small to medium-sized enterprises. The business model of Hope Bancorp revolves around a traditional banking structure, where its profitability is primarily derived from the interest margins between deposits and loans. Avidly tapping into its strong community ties, Hope Bancorp attracts deposits, which it then uses to fund loans, seeking to maintain a healthy balance sheet while fostering economic growth within its service areas. Additional revenue streams come from various banking services, including treasury management and foreign exchange services, particularly valuable to clients operating internationally. By leveraging its deep understanding of niche markets and focusing on fostering relationships with its community, Hope Bancorp stands as a testament to the power of culturally-attuned banking in a competitive industry.
See Also
What is Hope Bancorp Inc's Tax Provision?
Tax Provision
-33.3m
USD
Based on the financial report for Dec 31, 2024, Hope Bancorp Inc's Tax Provision amounts to -33.3m USD.
What is Hope Bancorp Inc's Tax Provision growth rate?
Tax Provision CAGR 10Y
5%
Over the last year, the Tax Provision growth was 25%. The average annual Tax Provision growth rates for Hope Bancorp Inc have been 22% over the past three years , 10% over the past five years , and 5% over the past ten years .
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