Hope Bancorp: Q3 Earnings Snapshot

LOS ANGELES (AP) — LOS ANGELES (AP) — Hope Bancorp Inc. (HOPE) on Wednesday reported third-quarter net income of $35.6 million.

The Los Angeles-based bank said it had earnings of 28 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 29 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The bank holding company posted revenue of $267.3 million in the period. Its revenue net of interest expense was $157.5 million, which beat Street forecasts. Three analysts surveyed by Zacks expected $152.6 million.

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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