Core Viewpoint - Hanmi Financial Corporation reported stable financial performance in Q1 2025, with net income remaining unchanged from the previous quarter, reflecting solid operating results across all business lines and effective expense management [2][3][7]. Financial Performance - Net income for Q1 2025 was $17.7 million, or $0.58 per diluted share, consistent with Q4 2024 [2][7]. - Return on average assets increased to 0.94% from 0.93% in Q4 2024, while return on average equity rose to 8.92% from 8.89% [2][8]. - Net interest income increased by 3.1% to $55.1 million compared to $53.4 million in Q4 2024, driven by lower funding costs and an expanding net interest margin [9][10]. Loan and Deposit Growth - Loans receivable reached $6.28 billion, up 0.5% from Q4 2024, with loan production for Q1 at $345.9 million [7][19]. - Deposits increased by 2.9% to $6.62 billion, supported by new commercial accounts and contributions from newly opened branches [3][7]. - Noninterest-bearing demand deposits constituted 31.2% of total deposits as of March 31, 2025 [7]. Credit Quality and Expenses - Credit loss expense for Q1 was $2.7 million, up from $0.9 million in the previous quarter, with an allowance for credit losses of $70.6 million, or 1.12% of loans [14][19]. - Noninterest expense rose to $35.0 million, primarily due to seasonal increases in salaries and benefits, although overall operating expenses showed a decrease when excluding one-time gains from the previous quarter [15][17]. Noninterest Income - Noninterest income increased by 5.0% to $7.7 million, driven by a significant rise in gains from the sale of SBA loans, which totaled $2.0 million for Q1 2025 [15][16]. - The volume of SBA loans sold increased to $32.2 million from $21.6 million in the previous quarter [15]. Efficiency and Margin - The efficiency ratio improved to 55.7% from 56.8% in Q4 2024, indicating better cost management relative to income [15][17]. - The net interest margin increased by 11 basis points to 3.02%, reflecting a decrease in the cost of interest-bearing deposits [9][12].

Wall Street expects a year-over-year increase in earnings on higher revenues when Hanmi Financial (HAFC) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 22, 2025, might help the stock move higher if these key numbers are better than e ...

LOS ANGELES, April 11, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC) ("Hanmi"), the holding company for Hanmi Bank, today announced that it will report first quarter 2025 financial results after the market close on Tuesday, April 22, 2025. Management will host a conference call that same day, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. Investment professionals and all current and prospective shareholders are invited to access the live call on April 22 by d ...

Investors might want to bet on Hanmi Financial (HAFC) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing e ...

Company Overview - Hanmi Financial Corporation is headquartered in Los Angeles, California, and owns Hanmi Bank, which serves multi-ethnic communities through a network of 32 full-service branches, five loan production offices, and three loan centers across several states including California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia, and Washington [3] - Hanmi Bank specializes in real estate, commercial, SBA, and trade finance lending to small and middle market businesses [3] Upcoming Events - Hanmi Financial Corporation will participate in the Piper Sandler Western Bank Forum on March 10 and 11, 2025, in Marina del Rey, California [1] - Anthony Kim, Chief Banking Officer, and Ron Santarosa, Chief Financial Officer, will host one-on-one and small group meetings during the event [1] Investor Relations - A copy of the presentation for meetings with institutional investors will be available in the Investor Relations section of the company's website [2]

Core Viewpoint - Hanmi Financial Corporation has appointed Christine P. Ball to its Board of Directors, enhancing the board's expertise in banking and risk management [1][2]. Group 1: Appointment Details - Christine P. Ball's appointment is effective March 1, 2025, increasing the total number of directors to eleven [1]. - She has been assigned to the Risk, Compliance and Planning Committee, as well as the Loan and Credit Policy Committee and Asset Liability Management Committee [2]. Group 2: Background of Christine P. Ball - Ms. Ball has over 20 years of experience in corporate, commercial, and private banking [3][6]. - Her most recent role was Senior Vice President and Deputy Chief Credit Officer at City National Bank in Los Angeles, where she worked since 2013 [3][6]. - Prior to City National Bank, she held senior positions at Wells Fargo Bank and Wachovia Bank [3]. Group 3: Company Overview - Hanmi Financial Corporation is headquartered in Los Angeles, California, and owns Hanmi Bank, which operates 32 full-service branches and additional loan production offices across several states [4]. - The bank specializes in real estate, commercial, SBA, and trade finance lending to small and middle-market businesses [4].

Capital Ratios and Requirements - As of December 31, 2024, the Company's total risk-based capital ratio was 15.24%, exceeding the minimum requirements for being deemed "well-capitalized" [92] - The Bank's Tier 1 risk-based capital ratio was 13.36%, and its Common Equity Tier 1 capital ratio was also 13.36%, both surpassing regulatory requirements [92] - The Bank's capital conservation buffer was 6.43% as of December 31, 2024, indicating a strong capital position [92] - The Company and the Bank believe they met all applicable capital requirements as of December 31, 2024, but may face additional regulatory capital expectations [92] - The Bank is required to maintain a Common Equity Tier 1 capital ratio of at least 6.50% to be considered well-capitalized under prompt corrective action standards [104] Regulatory and Compliance Issues - The FDIC insures customer deposits up to $250,000 per depositor, which is crucial for maintaining depositor confidence [100] - Effective January 1, 2023, FDIC assessment rates for institutions of the Bank's size ranged from 2.5 to 32 basis points, impacting earnings [101] - The FDIC plans to implement a special assessment effective April 1, 2024, to recover losses from protecting uninsured depositors [102] - The Company's ability to pay dividends is subject to various federal and state restrictions, impacting its financial flexibility [105] - Future cash dividends from the Bank will depend on management's assessment of capital requirements and regulatory restrictions [106] - The final rule for CRA regulations will apply to banks with assets of at least $2 billion, with the majority of provisions effective from January 1, 2026 [111] - The SEC's clawback policy requires companies to recover erroneously awarded incentive-based compensation due to accounting restatements [119] - The Bank is subject to examination by the CFPB due to its asset size being below $10 billion [112] Community and Performance Assessment - The Bank was rated "Satisfactory" in meeting community credit needs under the CRA at its most recent examination [110] - The Bank's performance is influenced by the Federal Reserve's monetary policies, which affect interest rates on loans and deposits [114] Financial Position and Investments - As of December 31, 2024, the total borrowing capacity available based on pledged collateral was $1.69 billion, compared to $1.54 billion as of December 31, 2023 [113] - The Bank's investment in FHLBSF capital stock was $16.4 million as of December 31, 2024 [113] - The Bank's compliance with the FHLBSF's stock ownership requirement was confirmed as of December 31, 2024 [113] - The Company was in compliance with California board diversity requirements as of December 31, 2024 [117] Brokered Deposits - The FDIC's proposed rule on brokered deposits aims to significantly overhaul the 2020 regulations [120]

Company Overview - Hanmi Financial (HAFC) is based in Los Angeles and operates in the Finance sector, with a year-to-date share price change of 2.84% [3] - The company currently pays a dividend of $0.27 per share, resulting in a dividend yield of 4.45%, which is significantly higher than the Banks - West industry's yield of 2.77% and the S&P 500's yield of 1.53% [3] Dividend Performance - The annualized dividend of Hanmi Financial is $1.08, reflecting an 8% increase from the previous year [4] - Over the past five years, the company has increased its dividend two times year-over-year, achieving an average annual increase of 22.92% [4] - The current payout ratio for Hanmi Financial is 49%, indicating that the company distributes 49% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The earnings growth outlook for Hanmi Financial is strong, with the Zacks Consensus Estimate for 2025 projected at $2.60 per share, representing a year-over-year growth rate of 26.83% [5] Investment Appeal - Dividends are favored by investors as they enhance stock investing profits, reduce overall portfolio risk, and offer tax advantages [6] - While high-growth firms typically do not provide dividends, established companies like Hanmi Financial are viewed as attractive dividend options [7] - Hanmi Financial is recognized as a compelling investment opportunity, holding a Zacks Rank of 1 (Strong Buy) [7]

Core Viewpoint - Hanmi Financial Corporation is actively supporting the recovery efforts for communities affected by the recent wildfires in Los Angeles by hosting a disaster assistance seminar in partnership with the YMCA of LA and providing financial contributions to local organizations [1][2][4]. Group 1: Community Support Initiatives - Hanmi Financial Corporation hosted a Small Business Administration (SBA) disaster assistance seminar for various community members affected by the wildfires, providing information on available programs and application assistance [1]. - The Los Angeles County Economic Development Corporation estimates that approximately 1,860 small businesses and 11,430 jobs were potentially impacted by the wildfires [2]. - Hanmi Bank, in collaboration with the Federal Home Loan Bank of San Francisco, donated $30,000 each to the YMCA and the Korean American Federation of Los Angeles (KAFLA) to support recovery efforts [2][3]. Group 2: Statements from Leadership - Anna Chung, Chief SBA Lending Officer at Hanmi Bank, emphasized the bank's commitment to helping residents and businesses recover quickly by facilitating direct communication with SBA personnel [3]. - Joe Amato, interim president and CEO of FHLBank San Francisco, expressed gratitude to first responders and highlighted the importance of ongoing support for local organizations involved in relief and recovery efforts [4]. Group 3: Organizational Background - Hanmi Financial Corporation is headquartered in Los Angeles and operates Hanmi Bank, which serves diverse communities through a network of 31 branches and 8 loan production offices across several states [5]. - Hanmi Bank specializes in real estate, commercial, SBA, and trade finance lending to small and middle-market businesses [5].

Core Insights - Three stocks with strong momentum and buy rankings are highlighted for investors: Trustmark, Valley National Bancorp, and Hanmi Financial [1][2][3][4] Company Summaries - **Trustmark (TRMK)**: - A multi-bank holding company providing banking and financial solutions in the U.S. - Holds a Zacks Rank of 1 (Strong Buy) with a 7.6% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - Shares gained 11% over the last three months, outperforming the S&P 500's 5.6% gain, and has a Momentum Score of A [2] - **Valley National Bancorp (VLY)**: - A bank holding company offering commercial, retail, insurance, and wealth management services. - Also holds a Zacks Rank of 1 with an 8.8% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - Shares gained 11% over the last three months, matching Trustmark's performance and has a Momentum Score of A [3] - **Hanmi Financial (HAFC)**: - A leading bank serving multi-ethnic communities in Southern California. - Holds a Zacks Rank of 1 with a significant 29.4% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [3] - Shares gained 7.2% over the last three months, slightly below the S&P 500's performance, and has a Momentum Score of B [4]