Duluth Branch Grand Opening From the left:Anthony Kim, Hanmi Bank Chief Banking Officer;Sung Joon Ahn, Korea Trade-Investment Promotion Agency (KOTRA) Trade Director;June Lee, Southeast US Korean Chamber of Commerce Director;Jae Kim, Southeast US Korean Chamber of Commerce President;Kyungchul Lee, Korean American Chamber of Commerce USA President;Bonnie Lee, Hanmi Bank CEO;Cindy Yum, Hanmi Bank Duluth branch manager;Kirkland Carden, Gwinnett County Commissioner;Long Tran, Georgia State Representative for ...

For the Transition Period From To Commission File Number: 000-30421 HANMI FINANCIAL CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact Name of Registrant as Specified in its Charter) Delaware 95-4788120 (State or Other Jurisdiction ...

LOS ANGELES, May 05, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today announced its participation in the D.A. Davidson 27th Annual Financial Institutions Conference on Tuesday, May 6 and Wednesday, May 7, 2025, in Scottsdale, AZ. Bonnie Lee, President and Chief Executive Officer, and Ron Santarosa, Chief Financial Officer, will host one-on-one and small group meetings during the conference. A copy of the presentation being ...

LOS ANGELES, April 29, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or "Hanmi"), the parent company of Hanmi Bank (the "Bank"), today announced the release of its 2024 annual letter to shareholders entitled "Successfully Navigating a Dynamic Market Environment" authored by President and Chief Executive Office Bonnie Lee. To view the letter please visit Hanmi Financial Corporation (HAFC). Investor Contacts: Romolo (Ron) Santarosa Senior Executive Vice President & Chief Financial Office ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividen ...

Financial Data and Key Metrics Changes - Net income for Q1 2025 was $17.7 million, or $0.58 per diluted share, representing an increase of 17% and 16% respectively compared to Q1 2024 [11] - Return on average assets was 0.94%, and return on average equity was 8.92% [11] - Net interest margin expanded by 11 basis points to 3.02%, driven by lower funding costs [12] - Total loans grew to $6.28 billion, a 0.5% increase on a sequential basis [12] - Non-interest income increased by 5% primarily due to the sale of SBA loans [13] - Deposits grew by 3% in Q1, reflecting new commercial accounts and contributions from new branches [13] - Efficiency ratio improved to 55.69%, the best quarterly performance since Q4 2023 [14] Business Line Data and Key Metrics Changes - First quarter loan production was $346 million, up 2% from the prior quarter [24] - SBA loan production increased by $6 million to $55 million, exceeding quarterly targets [27] - CNI production decreased by 30% to $42 million [28] - Residential mortgage loan production was $55 million, up 37% from the previous quarter [28] - USKC loan portfolio remained stable at approximately 15% of total loans [15] Market Data and Key Metrics Changes - Non-interest-bearing demand deposits increased by 7% over the past year, representing 31.2% of total deposits [13] - Deposits from Corporate Korea clients increased significantly, contributing to a 166% increase compared to the previous quarter [31] - The new branch in Duluth, Georgia, has seen strong production in its first month [18] Company Strategy and Development Direction - The company aims to generate loan growth in the low to mid single-digit range while reducing CRE as a percentage of the portfolio [20] - Plans to hire additional banking talent to expand CNI business and increase core deposit growth [21] - Focus on maintaining strong asset quality through disciplined credit administration practices [22] - The company is well-positioned to expand its reach among Korean companies looking to establish or expand in the U.S. [15] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding the current level of economic uncertainty but remains focused on delivering personalized, relationship-driven banking [41] - The company is optimistic about the long-term opportunities ahead, despite potential softening in loan demand due to tariffs and economic uncertainty [47] Other Important Information - The allowance for credit losses as a percentage of loans remained stable at 1.12% [16] - The company repurchased 50,000 shares at an average price of $22.49 during the quarter [39] Q&A Session Summary Question: How is the pipeline looking and any potential tariff impacts? - The second quarter pipeline looks healthy, but loan demand may soften in the latter half of the year due to tariffs and economic uncertainty [47] Question: How should expenses be modeled for the rest of the year? - Anticipated 3% to 4% increase in salaries and benefits in Q2, with other expenses behaving in line with inflation [51] Question: Should elevated share repurchases be expected? - The board reviews dividends and share repurchases each quarter, with a history of repurchases at varying amounts [55] Question: Can you provide details on margin and deposit rates? - March CDs were at 4.1%, with expectations for continued margin expansion but at a slower pace [60][62] Question: What is the status of the syndicated office loan? - The syndicated loan is $200 million, with the company holding a 10% interest [76] Question: How is the overall office CRE portfolio performing? - Over $200 million in office loans are maturing in 2025, with no current issues anticipated [79] Question: What are the expectations for SBA production going forward? - Guidance for quarterly SBA production is $42 to $45 million, with a solid pipeline expected [90]

Core Insights - Hanmi Financial reported revenue of $62.82 million for the quarter ended March 2025, reflecting a year-over-year increase of 7.6% [1] - The earnings per share (EPS) for the quarter was $0.58, up from $0.50 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $61.7 million by 1.81%, while the EPS also surpassed the consensus estimate of $0.57 by 1.75% [1] Financial Metrics - The net interest margin for Hanmi Financial was reported at 3%, matching the average estimate from two analysts [4] - The efficiency ratio was 55.7%, better than the average estimate of 57.9% from two analysts [4] - Total non-interest income was $7.73 million, exceeding the estimated $7.37 million from two analysts [4] Stock Performance - Over the past month, shares of Hanmi Financial have returned -5.9%, compared to a -8.9% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Hanmi Financial (HAFC) Q1 2025 Earnings Call April 22, 2025 05:00 PM ET Company Participants Ben Brodkowitz - Investor RelationsBonita Lee - President & CEOAnthony Kim - Senior EVP & Chief Banking OfficerRomolo Santarosa - Senior EVP & CFOAhmad Hasan - Equity Research AssociateKelly Motta - MD - Equity Research Conference Call Participants Adam Butler - Equity Research Analyst Operator Ladies and gentlemen, welcome to the Hamney Financial Corporation's First Quarter twenty twenty five Conference Call. As a ...

Hanmi Financial Corporation (HAFC) Q1 2025 Earnings Conference Call April 22, 2025 05:00 PM ET Company Participants Operator - Conference Call ModeratorBen Brodkowitz - Investor RelationsBonnie Lee - President & Chief Executive OfficerAnthony Kim - Chief Banking OfficerRon Santarosa - Chief Financial Officer Conference Call Participants Gary Tanner - Analyst, DA DavidsonUnknown Analyst - AnalystKelly Moda - Analyst, KBWAdam Butler (on behalf of Matthew Clark) - Analyst, Piper SandlerUnknown Analyst - Analys ...

Financial Performance - Net income for Q1 2025 was $17.7 million, or $0.58 per diluted share, unchanged from Q4 2024[3]. - Net income slightly decreased by 0.1% to $17,672 million, while year-over-year growth was 16.5%[48]. - Basic earnings per share remained stable at $0.59, with diluted earnings per share also at $0.58[48]. - The effective tax rate for Q1 2025 was 29.6%, compared to 30.1% in Q4 2024[18]. - Income tax expense was $7,441,000, a decrease from $7,632,000 in the previous quarter[58]. Asset and Deposit Growth - Total assets increased by 0.7%, or $51.1 million, to $7.73 billion as of March 31, 2025, compared to $7.68 billion at December 31, 2024[19]. - Total deposits reached $6.62 billion, up 2.9% from Q4 2024, with noninterest-bearing demand deposits comprising 31.2% of total deposits[8]. - Deposits increased by $183.7 million, or 2.9%, to $6.62 billion at the end of Q1 2025, driven by a $140.4 million increase in money market and savings deposits[24]. - Total deposits increased by 2.9% to $6,619,475,000 from $6,435,776,000 in December 2024[46]. Loan Performance - Loans receivable increased to $6.28 billion, a 0.5% rise from Q4 2024, with loan production for Q1 at $345.9 million[8]. - New loan production for Q1 2025 was $345.9 million with an average rate of 7.35%, while payoffs were $125.1 million at an average rate of 6.40%[22]. - Commercial real estate loans accounted for 63.1% of the loan portfolio as of March 31, 2025[22]. - Loans held-for-sale increased to $11.8 million at March 31, 2025, up from $8.6 million at December 31, 2024[20]. - Loans receivable, before allowance for credit losses, rose to $6.28 billion at March 31, 2025, up from $6.25 billion at December 31, 2024[19]. Credit Quality - Credit loss expense for Q1 was $2.7 million, up from $0.9 million in the prior quarter, with an allowance for credit losses of $70.6 million[8]. - Nonperforming loans stood at $35.6 million, or 0.57% of total loans, as of March 31, 2025[8]. - Nonperforming loans rose to $35.6 million at March 31, 2025, up from $14.3 million at the end of the prior quarter, primarily due to additions of $26.1 million[32]. - The allowance for credit losses was $70.6 million at March 31, 2025, with a ratio of allowance to loans remaining stable at 1.12%[35]. - Gross charge-offs for Q1 2025 were $3.2 million, compared to $3.4 million in the preceding quarter, resulting in net charge-offs of $1.9 million[34]. Efficiency and Profitability - The efficiency ratio improved to 55.69%, down from 56.79% in Q4 2024, marking the best quarterly efficiency since Q4 2023[9]. - The efficiency ratio improved to 55.7% in Q1-25 from 56.8% in Q4-24[17]. - Preprovision net revenues reached $27,834,000, reflecting a 5.9% increase from the previous quarter and a 26.8% increase year-over-year[58]. - Net interest income for Q1 was $55.1 million, reflecting a 3.1% increase from $53.4 million in Q4 2024[10]. - Net interest income before credit loss expense increased by 3.1% to $55,092 million[48]. Capital and Equity - Stockholders' equity increased to $751.5 million as of March 31, 2025, up $19.3 million from $732.2 million at December 31, 2024, driven by $9.5 million in net income and a decrease in unrealized losses[26]. - The preliminary common equity tier 1 capital ratio was 12.13% at March 31, 2025, compared to 12.11% at the end of the prior quarter, indicating a slight improvement in capital strength[27]. - The tangible common stockholders' equity was $740.5 million, or 9.59% of tangible assets, up from $721.1 million, or 9.41% of tangible assets, at the end of the prior quarter[26]. - The total stockholders' equity increased by 2.6% to $751,485,000 as of March 31, 2025, from $732,174,000 in December 2024[46]. Operational Highlights - The company opened a new branch in the Atlanta region, contributing to deposit growth and overall positive momentum[4]. - The company operates 32 full-service branches and eight loan production offices across multiple states, focusing on real estate and commercial lending[41]. - Average interest-earning assets were $7,383,443 thousand, reflecting a 0.8% increase from Q4-24[12]. - Average interest-bearing liabilities increased to $4,772,101 thousand, a 3.0% increase from Q4-24[14]. - Average interest-bearing deposits rose to $4,461,939 thousand, a 2.3% increase from Q4-24[12].