Core Insights - Three stocks with buy rank and strong income characteristics are highlighted for investors to consider on November 11th Group 1: Hanmi Financial Corporation (HAFC) - Hanmi Financial Corporation is a banking products and services provider with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 5.4% over the last 60 days [1] - The company has a dividend yield of 4.1%, which is higher than the industry average of 3.2% [1] Group 2: Preferred Bank (PFBC) - Preferred Bank is also a banking products and services provider with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has similarly increased by 5.4% over the last 60 days [2] - The company has a dividend yield of 3.3%, compared to the industry average of 3.2% [2] Group 3: TE Connectivity plc (TEL) - TE Connectivity plc is a connectivity and sensor technology company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 7.7% over the last 60 days [2] - The company has a dividend yield of 1.2%, which is significantly higher than the industry average of 0.0% [3]

Financial Performance - Net income for Q3 2025 was $22.1 million, or $0.73 per diluted share, compared to $14.9 million, or $0.49 per diluted share in Q3 2024, driven by an $11.0 million increase in net interest income [166]. - For the nine months ended September 30, 2025, net income was $54.9 million, or $1.82 per diluted share, up from $44.5 million, or $1.47 per diluted share in the same period last year, with a $24.0 million increase in net interest income [167]. - Return on average assets for Q3 2025 was 1.12%, up from 0.79% in Q3 2024, while return on average stockholders' equity increased to 10.69% from 7.55% [168]. Loans and Deposits - Loans receivable increased by $277.2 million, or 4.5%, to $6.46 billion as of September 30, 2025, from $6.18 billion at the end of 2024 [169]. - Deposits rose to $6.77 billion at September 30, 2025, compared to $6.44 billion at December 31, 2024, with time deposits increasing by $173.4 million [171]. - The loan-to-deposit ratio was 96.5% at September 30, 2025, compared to 97.1% at December 31, 2024 [250]. Interest Income and Expense - Net interest income for Q3 2025 was $61.1 million, compared to $50.1 million in Q3 2024, reflecting a net interest margin of 3.22% versus 2.74% [175]. - The total interest-earning assets increased to $7.55 billion in Q3 2025, with an average yield of 5.54%, compared to $7.30 billion and 5.48% in Q3 2024 [175]. - The average cost of interest-bearing liabilities decreased to 3.60% for the three months ended September 30, 2025, down from 4.29% in the same period of 2024 [185]. Credit Losses - Credit loss expense for Q3 2025 was $2.1 million, a slight decrease from $2.3 million in Q3 2024, while for the nine months ended September 30, 2025, it rose to $12.5 million from $3.5 million in the same period last year [166][167]. - The company experienced a $9.0 million increase in credit loss expense for the nine months ended September 30, 2025, compared to the same period in 2024 [167]. - Nonperforming loans increased to $19.4 million, representing a 35.7% rise compared to $14.3 million at December 31, 2024 [229]. Noninterest Income and Expense - Noninterest income for the three months ended September 30, 2025, was $9.9 million, an increase of $1.4 million, primarily due to a $0.9 million increase in bank-owned life insurance income [203]. - Noninterest expense for the three months ended September 30, 2025, was $37.4 million, an increase of $2.3 million, or 6.5%, compared to $35.1 million in 2024 [208]. - For the nine months ended September 30, 2025, noninterest expense was $108.7 million, an increase of $1.9 million, or 1.8%, compared to $106.8 million for the same period in 2024 [209]. Capital and Equity - Stockholders' equity increased to $779.6 million as of September 30, 2025, up from $732.2 million at the end of 2024, driven by net income and share-based compensation [257]. - The Company’s total risk-based capital ratio was 15.05% as of September 30, 2025, reflecting strong capital adequacy [267]. - The Bank's total risk-based capital ratio was 14.28% as of September 30, 2025, indicating a "well capitalized" status under regulatory definitions [266]. Tax and Regulatory - The effective income tax rate for the nine months ended September 30, 2025, was 29.5%, compared to 29.7% for the same period in 2024 [210]. - The allowance for credit losses was $69.8 million as of September 30, 2025, down from $70.1 million at December 31, 2024 [245]. - The allowance for credit losses to loans receivable ratio was 1.07% as of September 30, 2025, compared to 1.12% at December 31, 2024 [245].

Core Viewpoint - Hanmi Financial (HAFC) is experiencing solid improvement in earnings estimates, which is likely to positively impact its stock price momentum [1][2] Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding Hanmi Financial's earnings prospects, which is expected to influence its stock price positively [2] - For the current quarter, Hanmi Financial is projected to earn $0.71 per share, a 22.4% increase from the previous year, with a 5.47% rise in consensus estimates over the last 30 days [6] - For the full year, the earnings estimate is $2.52 per share, representing a year-over-year increase of 22.9%, with a 5.29% boost in consensus estimates [7][8] Zacks Rank - Hanmi Financial has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, indicating strong potential for stock performance [9] - The Zacks Rank system has a proven track record, with Zacks 1 Ranked stocks averaging a 25% annual return since 2008 [3] Stock Performance - The stock has gained 9.9% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [10]

Core Insights - Hanmi Financial Corporation and its subsidiary Hanmi Bank have received notable recognitions in the 2025 Most Powerful Women in Banking awards, highlighting their leadership and community impact [1][2][3] Company Recognition - Anna Chung, Executive Vice President and Chief Community Lending Officer, has been named to the 2025 Women to Watch list, which honors rising executive leaders in the banking sector [1][2] - Hanmi's Community Lending Division has been recognized as one of the Top Teams for 2025, acknowledging exceptional collaboration and business performance [1][2] Leadership Commentary - Bonnie Lee, President and CEO, praised Anna Chung for her strategic acumen and commitment to supporting small businesses, emphasizing her role in the company's success [3] - The recognition of the Top Teams reflects the dedication of Hanmi's SBA and community banking professionals in supporting entrepreneurs and underrepresented communities [3] Industry Context - The Most Powerful Women in Banking awards celebrate women leading transformation in the financial services sector, with a focus on measurable business results and operational discipline [2][3]

Core Insights - Anna Chung, Executive Vice President and Chief Community Lending Officer of Hanmi Financial Corporation, has been named to the 2025 Most Powerful Women in Banking's Women to Watch list [1][2] - Hanmi Bank's Community Lending Division has been recognized as one of the five Most Powerful Women in Banking Top Teams for 2025, highlighting exceptional collaboration and leadership [1][2] Company Recognition - The Most Powerful Women in Banking honors women leading transformation in the banking and finance industry, with the Women to Watch list recognizing rising executive leaders [2] - The Top Teams distinction is awarded to departments with at least 50% women that have demonstrated significant organizational impact [2] Leadership Commentary - Bonnie Lee, President and CEO of Hanmi, praised Anna Chung for her strategic acumen and commitment to supporting small businesses, emphasizing her invaluable role in the executive team [3] - Holly Sraeel, Founder of The Most Powerful Women in Banking, noted the ability of these leaders to balance big-picture thinking with operational discipline, preparing for market shifts and regulatory changes [3] Company Mission - Hanmi Bank has a long-standing mission to support entrepreneurs and underrepresented communities, focusing on expanding access to capital and building lasting relationships to help small businesses thrive [3]

Group 1 - The article does not provide any specific information or insights regarding a company or industry [1]

Group 1 - The article does not provide any relevant content regarding the company or industry [1]

Core Insights - Hanmi Financial reported revenue of $70.96 million for Q3 2025, a year-over-year increase of 21.3% [1] - The company's EPS for the same period was $0.73, up from $0.49 a year ago, exceeding the consensus estimate of $0.66 by 10.61% [1] - The revenue surpassed the Zacks Consensus Estimate of $68 million, resulting in a surprise of 4.35% [1] Financial Performance Metrics - Efficiency Ratio stood at 52.7%, better than the average estimate of 53.5% from two analysts [4] - Net interest margin was reported at 3.2%, slightly above the average estimate of 3.1% [4] - Total noninterest income reached $9.88 million, exceeding the estimated $8.43 million [4] Stock Performance - Hanmi Financial's shares have returned -3.9% over the past month, contrasting with the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]

Core Insights - Hanmi Financial (HAFC) reported quarterly earnings of $0.73 per share, exceeding the Zacks Consensus Estimate of $0.66 per share, and showing an increase from $0.49 per share a year ago, resulting in an earnings surprise of +10.61% [1] - The company achieved revenues of $70.96 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 4.35% and up from $58.49 million year-over-year [2] - Hanmi Financial has outperformed consensus EPS estimates three times over the last four quarters and has topped consensus revenue estimates two times in the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $68.7 million, and for the current fiscal year, it is $2.40 on revenues of $264.55 million [7] - The estimate revisions trend for Hanmi Financial was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Market Performance - Hanmi Financial shares have increased by about 2% since the beginning of the year, while the S&P 500 has gained 14.5%, indicating underperformance relative to the broader market [3] - The outlook for the industry, specifically the Zacks Banks - West sector, is currently in the bottom 31% of over 250 Zacks industries, which may impact the stock's performance [8]

Financial Data and Key Metrics Changes - Net income for Q3 2025 was $22.1 million or $0.73 per diluted share, compared to $15.1 million and $0.50 in Q2 2025, primarily due to higher net interest income and a decrease in credit loss expense [7][20] - Return on average assets was 1.12% and return on average equity was 10.69% [7] - Pre-provision net revenues increased 16.4% to $33.1 million, demonstrating the strength of the core business [7][20] - Net interest margin expanded by 15 basis points to 3.22%, driven by higher average yields on loans and lower funding costs [8][20] - Total loans increased to $6.53 billion, a 3.5% increase on a linked quarter basis, with loan production up 73% to $571 million [8][20] Business Line Data and Key Metrics Changes - Commercial loans were a key contributor to total loan production, reflecting investments in commercial lending teams and strategic expansion [6] - C&I loan production reached $211 million, an increase of 296% from the prior quarter, driven by investments in C&I teams and the USKC initiative [16] - CRE production was $177 million, up 58% from the prior quarter, maintaining a healthy loan-to-value ratio of approximately 47.7% [15] - Residential mortgage loan production was $103 million, up 23% from the previous quarter [17] Market Data and Key Metrics Changes - Deposits increased by 0.6% in Q3 2025, driven by new commercial accounts and contributions from new branches [10][18] - Non-interest bearing demand deposits remained stable at approximately 31% of total deposits [10][19] - USKC loan balances increased by 8.2% to $910 million, representing approximately 14% of the total loan portfolio [17] Company Strategy and Development Direction - The company aims to drive loan growth in the mid-single digit range, up from a previous forecast of low to mid-single digit growth [13] - Strategic initiatives include scaling C&I, residential, and SBA loan portfolios, broadening the core deposit base, and maintaining solid credit metrics [13] - The company is optimistic about long-term growth potential from the USKC initiative, focusing on relationships with US subsidiaries of Korean companies [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong momentum into Q4 2025, supported by strategic initiatives and a solid liquidity position [13] - The current macro environment is evolving, but management remains optimistic about growth opportunities [11][12] - The company has a proactive approach to credit management, which has resulted in improved asset quality [8][24] Other Important Information - The efficiency ratio improved to a two-year low of 52.65% [10][20] - The company repurchased 199,698 common shares at a weighted average price of $23.45 during the quarter [25] Q&A Session Summary Question: Loan growth expectations for Q4 - Management indicated that net loan growth is influenced by production and payoffs, with a similar pipeline expected for Q4 [32][34] Question: Credit quality outlook - Management emphasized a comprehensive approach to managing the loan portfolio, maintaining clean asset quality, and monitoring mortgage and SBA loans closely [36][38] Question: Funding and balance sheet considerations - Management acknowledged the need for deposit growth to support loan growth and maintain net interest margin expansion [40] Question: Competition in lending and deposit markets - Management noted increased competition in both lending and deposit markets but believes it is manageable [49] Question: Share repurchase activity - Management confirmed that the Board will evaluate share repurchases each quarter, with expectations for continued activity [50]