Hope Bancorp, Inc. (NASDAQ:HOPE) Q4 2023 Earnings Call Transcript

Julianna Balicka: Yeah. So in the — so for example, just to put some context around this, our total deposit beta on the upcycle that we are assuming is going to be by the time it’s fully realized, before the rates start to cut because you still have a little bit of more repricing going on to market of the backbook. It’s going to be over 60%. Right. But on the beginning of the rate cuts, we’re assuming a total deposit beta of under 30% and we’re still kind of trailing in a 30% handle into the fourth quarter. So we really don’t assume the beta on the downward side to really kind of start to flow into our numbers until 2025.

Gary Tenner: Right. Thank you.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to management for closing remarks.

Kevin Kim: Thank you. Once again, thank you all for joining us today and we look forward to speaking with you again in three months. Thank you. So long, everyone.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.