Territorial Bancorp INC
Market Movers (8-K)
Hope Bancorp successfully merged with Territorial Bancorp on April 2, 2025, resulting in Territorial Bancorp becoming a wholly-owned subsidiary of Hope Bancorp.
Hope Bancorp and Territorial Bancorp jointly announced they have received all required regulatory approvals for their previously announced merger.
Territorial Bancorp Inc. announced a net loss of $1.72 million for the fourth quarter of 2024, influenced by merger-related expenses, while awaiting regulatory approval for its merger with Hope Bancorp.
Worse than expected
Territorial Bancorp shareholders have approved the proposed merger with Hope Bancorp at a special meeting held on November 6, 2024.
Territorial Bancorp Inc. announced a net loss of $1.318 million for the third quarter of 2024, alongside updates on its pending merger with Hope Bancorp, Inc.
Worse than expected
Territorial Bancorp Inc. announced a net loss of $775,000 for the second quarter of 2024, while also progressing with its merger agreement with Hope Bancorp.
Worse than expected
Quarterly Earnings (10-Q)
10-Q: Territorial Bancorp Inc. Reports Net Loss in Q3 2024 Amidst Merger Agreement with Hope Bancorp
Territorial Bancorp Inc. experienced a net loss of $1.3 million in the third quarter of 2024, primarily due to decreased net interest income, while also progressing with its merger agreement with Hope Bancorp.
Worse than expected
Territorial Bancorp Inc. reported a net loss for the second quarter of 2024, primarily due to decreased net interest income, while also announcing a merger agreement with Hope Bancorp.
Worse than expected
Territorial Bancorp Inc. experienced a net loss of $482,000 in the first quarter of 2024, primarily due to increased interest expenses and a decrease in net interest income.
Worse than expected
Annual Reports (10-K)
Territorial Bancorp Inc. reports a net loss for 2024, impacted by decreased net interest income and increased noninterest expense, while awaiting the completion of its merger with Hope Bancorp.
Worse than expected
Territorial Bancorp Inc.'s 2023 annual report reveals a decrease in net income due to rising interest expenses, despite an increase in total assets.
Worse than expected
Insider Trading (Form 4)
Form 4: Territorial Bancorp Director Ohama Reports Share Disposal Following Merger with Hope Bancorp
Director John M. Ohama reports the disposal of Territorial Bancorp shares held by an estate due to the merger with Hope Bancorp, Inc.
Allan Kitagawa, Chairman, President, and CEO of Territorial Bancorp Inc., reports the disposition of common stock holdings following the merger agreement with Hope Bancorp, Inc.
Form 4: Territorial Bancorp Director Caldwell Reports Share Disposal Due to Merger with Hope Bancorp
Director Kirk W Caldwell reports the disposal of 34,227 shares of Territorial Bancorp Inc. common stock due to a merger agreement with Hope Bancorp, Inc.
Director Jennifer Isobe files a Form 4 indicating a change in beneficial ownership of Territorial Bancorp Inc. securities.
Director Jan Sam filed a Form 4 indicating a change in beneficial ownership of Territorial Bancorp Inc. securities.
Director Ikeda Howard Y reports changes in beneficial ownership of Territorial Bancorp Inc. stock due to a merger with Hope Bancorp, Inc.
Proxy Statements (Def-14A)
Territorial Bancorp's Board of Directors has reaffirmed its recommendation that shareholders vote in favor of the merger with Hope Bancorp, dismissing a preliminary indication of interest from Blue Hill Advisors.
Territorial Bancorp shareholders are set to vote on a merger with Hope Bancorp, promising a premium and increased dividends.
Territorial Bancorp announces that Glass Lewis, a leading independent proxy advisory firm, joins ISS in recommending shareholders vote FOR the merger with Hope Bancorp, citing value creation and concerns over the Blue Hills proposal.
Leading proxy advisory firm ISS reaffirms its recommendation for Territorial Bancorp shareholders to approve the merger with Hope Bancorp, citing value creation and risks associated with an alternative proposal.
Better than expected
Territorial Bancorp shareholders are set to vote on a proposed merger with Hope Bancorp, promising a premium and increased dividends.
Better than expected
Territorial Bancorp is urging its shareholders to vote in favor of the proposed merger with Hope Bancorp, cautioning against an alternative indication of interest from Blue Hill Advisors due to concerns about its credibility and ability to close a deal.
Better than expected
Schedule 13G - Passive Investments
Bay Pond Partners, L.P. has reported a 0.0% beneficial ownership in Territorial Bancorp Inc., indicating a full divestment of its previous holdings.
Wellington Management Group and its affiliates have reported a complete divestment of their beneficial ownership in Territorial Bancorp Inc. common stock.
Worse than expected
Dimensional Fund Advisors LP has filed an amended Schedule 13G, disclosing a 0.0% beneficial ownership stake in Territorial Bancorp Inc., signaling a complete exit from its prior investment.