Hope Bancorp outlines impact of tax reform

|About: Hope Bancorp, Inc. (HOPE)|By:, SA News Editor

HOPE expects to record one-time charge of revaluation of DTA and investments in LIHTC will be reduced by approx. $26M, thereby impacting earnings and tangible book value by approx. $(0.19)/share.

The company expects to recover the one-time charge through lower quarterly tax expenses by the end of 3Q18.

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