Equity Investments

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

Equity Investments with Readily Determinable Fair Values

Equity investments with readily determinable fair values at March 31, 2026 and December 31, 2025, consisted of mutual funds in the amounts of $4.4 million and $4.5 million, respectively, and were included in equity investments on the Consolidated Statements of Financial Condition.

During the three months ended March 31, 2025, the Company purchased $45.3 million in equity investments with readily determinable fair values, consisting of Community Reinvestment Act (“CRA”) mutual funds. There were no equity investments with readily determinable fair values that were purchased during the three months ended March 31, 2026.

The net gains recognized from changes in fair value for equity investments with readily determinable fair values for the three months ended March 31, 2026 and 2025, totaled $28 thousand in net losses and $626 thousand in net gains, respectively, and were recorded in other noninterest income and fees in the Consolidated Statements of Income.

Equity Investments without Readily Determinable Fair Values

At March 31, 2026 and December 31, 2025, the Company also had equity investments without readily determinable fair values, which were carried at cost less any determined impairment. The balance of these investments was adjusted for changes in subsequent observable prices, and was included in equity investments on the Consolidated Statements of Financial Condition. The table below summarizes equity investments without readily determinable fair values by type:


	March 31, 2026		December 31, 2025
	(Dollars in thousands)
Correspondent bank stock	$	370	$	370
Community Development Financial Institutions (“CDFI”) investments	1,010		1,010
CRA investments	37,600		36,636
Total	$	38,980	$	38,016

The Company had no impairments or subsequent observable price changes for equity investments without readily determinable fair values for the three months ended March 31, 2026 and 2025.

HOPE BANCORP INC 10-Q