India, July 22 -- Hope Bancorp, Inc. (HOPE), on Tuesday, reported net loss in the second quarter compared with the previous year.
For the second quarter, the company reported net loss of $27.88 million compared to profit of $25.27 million in the prior year.
Loss per share was $0.22 versus profit per share of $0.21 last year.
The company said the quarterly net loss reflects the impact of a securities portfolio repositioning, the completion of the Territorial Bancorp Inc. transaction, as well as a change to the California state tax apportionment law.
Interest income increased to $239.17 million from $232.60 million last year.
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Non-interest loss came in a...