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Condensed Financial Statements of Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Information Disclosure [Abstract] |
Statements of Financial Condition | The following presents the unconsolidated condensed statements of financial condition for only the parent company, Hope Bancorp, at December 31, 2024 and 2023: STATEMENTS OF FINANCIAL CONDITION
| December 31,
| 2024 |  | 2023
| (Dollars in thousands)
ASSETS: |  |  |
Cash and cash equivalents | $ | 20,798 |  |  | $ | 27,217 |
Other assets | 11,524 |  |  | 11,503 |
Investment in bank subsidiary | 2,212,861 |  |  | 2,191,747 |
Total assets | $ | 2,245,183 |  |  | $ | 2,230,467 |
LIABILITIES: |  |  |
Convertible notes, net | $ | 444 |  |  | $ | 444 |
Subordinated debentures, net | 109,140 |  |  | 107,825 |
Accounts payable and other liabilities | 1,094 |  |  | 955 |
Total liabilities | 110,678 |  |  | 109,224 |
Stockholders’ equity | 2,134,505 |  |  | 2,121,243 |
Total liabilities and stockholders’ equity | $ | 2,245,183 |  |  | $ | 2,230,467 |
Statements of Income and Comprehensive Income | The following presents the unconsolidated condensed statements of income for only the parent company, Hope Bancorp, for the years ended December 31, 2024, 2023, and 2022: STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (Dollars in thousands)
Interest income | $ | — |  |  | $ | — |  |  | $ | — |
Interest expense | (10,821) |  |  | (12,421) |  |  | (11,330) |
Noninterest income | — |  |  | 405 |  |  | — |
Noninterest expense | (11,348) |  |  | (6,808) |  |  | (7,212) |
Dividends from subsidiary, net | 75,000 |  |  | 260,500 |  |  | 133,000 |
Equity in undistributed earnings of subsidiary | 40,282 |  |  | (113,559) |  |  | 98,354 |
Income before income tax benefit | 93,113 |  |  | 128,117 |  |  | 212,812 |
Income tax benefit | 6,517 |  |  | 5,556 |  |  | 5,465 |
Net income | 99,630 |  |  | 133,673 |  |  | 218,277 |
Other comprehensive (loss) income, net of tax | (23,134) |  |  | 26,119 |  |  | (219,445) |
Comprehensive income (loss) | $ | 76,496 |  |  | $ | 159,792 |  |  | $ | (1,168) |
Statements of Cash Flows | The following presents the unconsolidated condensed statements of cash flows for only the parent company, Hope Bancorp, for the years ended December 31, 2024, 2023, and 2022: STATEMENTS OF CASH FLOWS
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (Dollars in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net income | $ | 99,630 |  |  | $ | 133,673 |  |  | $ | 218,277 |
Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |
Amortization and capitalization | 1,315 |  |  | 1,602 |  |  | 2,150 |
Stock-based compensation expense | 312 |  |  | 340 |  |  | 502 |
Net gain on convertible notes repurchased | — |  |  | (405) |  |  | — |
Change in other assets | (22) |  |  | 186 |  |  | (307) |
Change in accounts payable and other liabilities | 139 |  |  | (353) |  |  | 368 |
Equity in undistributed earnings of bank subsidiary | (40,282) |  |  | 113,559 |  |  | (98,354) |
Net cash provided by operating activities | 61,092 |  |  | 248,602 |  |  | 122,636 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Proceeds from sale of equity investments | — |  |  | — |  |  | — |
Net cash provided by investing activities | — |  |  | — |  |  | — |
CASH FLOWS USED IN FINANCING ACTIVITIES: |  |  |  |  |
Issuance of additional stock pursuant to various stock plans | — |  |  | 1 |  |  | 531 |
Repurchase and repayment of convertible notes | — |  |  | (216,641) |  |  | — |
Purchase of treasury stock | — |  |  | — |  |  | (14,667) |
Payments of cash dividends | (67,511) |  |  | (67,125) |  |  | (67,126) |
Net cash used in financing activities | (67,511) |  |  | (283,765) |  |  | (81,262) |
NET CHANGE IN CASH AND CASH EQUIVALENTS | (6,419) |  |  | (35,163) |  |  | 41,374 |
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 27,217 |  |  | 62,380 |  |  | 21,006 |
CASH AND CASH EQUIVALENTS, END OF YEAR | $ | 20,798 |  |  | $ | 27,217 |  |  | $ | 62,380 |

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