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Hanmi Financial: High Dividend Yield Is Safe From A Negative Earnings Outlook
Seeking Alpha· 2024-04-27 17:13
peeterv Earnings of Hanmi Financial Corporation (NASDAQ: NASDAQ:HAFC) will likely decline this year on the back of margin contraction. Pressure on asset yields was already visible during the first quarter. I’m expecting the company to report earnings of $2.18 per share for 2024, down 16.8% year-over-year. Compared to my last report on the company, I’ve reduced my earnings estimate as I’ve decreased both my margin and loan growth estimates. The year-end target price suggests a high upside from the curren ...
Hanmi Financial Declares Cash Dividend of $0.25 per share and Announces New Share Repurchase Authorization
Newsfilter· 2024-04-25 12:30
LOS ANGELES, April 25, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today announced that its Board of Directors declared a cash dividend on its common stock for the 2024 second quarter of $0.25 per share. The dividend will be paid on May 22, 2024, to stockholders of record as of the close of business on May 6, 2024. In addition, the Board of Directors today approved a new stock repurchase program. Under the new repurchase pr ...
Hanmi Financial (HAFC) - 2024 Q1 - Earnings Call Transcript
2024-04-24 01:43
Hanmi Financial Corporation (NASDAQ:HAFC) Q1 2024 Earnings Conference Call April 23, 2024 5:00 PM ET Company Participants Ben Brodkowitz - Investor Relations, Financial Profiles, Inc. Bonita Lee - President and Chief Executive Officer Anthony Kim - Senior Executive Vice President and Chief Banking Officer Romolo Santarosa - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Kelly Motta - Keefe, Bruyette, & Woods, Inc. Adam Butler - Piper Sandler & Co. Matthew Erdner - J ...
Hanmi Financial (HAFC) - 2024 Q1 - Earnings Call Presentation
2024-04-24 01:01
30000% Loan production of $234 million for 1Q24 reflected balanced contribution from nearly all business lines, and an 8 basis point decrease in the weighted average interest rate on new production. 90000% (1) Residential mortgage includes $2.0 million, $0.0, $0.0, $0.0, and $0.3 million of consumer loans for 1Q23, 2Q23, 3Q23, 4Q23, and 1Q24, respectively (2) $34.5 million, $30.9 million, $36.1 million, $48.4 million, and $30.8 million of SBA loan production includes $22.6 million, $19.4 million, $17.6 mill ...
Hanmi Financial (HAFC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-04-24 00:31
For the quarter ended March 2024, Hanmi Financial (HAFC) reported revenue of $58.39 million, down 11.8% over the same period last year. EPS came in at $0.50, compared to $0.72 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $58.83 million, representing a surprise of -0.76%. The company delivered an EPS surprise of -3.85%, with the consensus EPS estimate being $0.52.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...
Hanmi Financial (HAFC) Misses Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-23 22:51
Hanmi Financial (HAFC) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.85%. A quarter ago, it was expected that this bank holding company would post earnings of $0.60 per share when it actually produced earnings of $0.61, delivering a surprise of 1.67%.Over the last four quarters, ...
Hanmi Financial Corporation Announces First Quarter 2024 Earnings and Conference Call Date
Newsfilter· 2024-04-09 20:05
LOS ANGELES, April 09, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC) ("Hanmi"), the holding company for Hanmi Bank, today announced that it will report first quarter 2024 financial results at the market close on Tuesday, April 23, 2024. 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 23 by dial ...
Hanmi Releases 2023 Annual Shareholder Letter
Newsfilter· 2024-04-04 20:30
LOS ANGELES, April 04, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ:HAFC, or "Hanmi"))), the parent company of Hanmi Bank (the "Bank"), today announced the release of its 2023 annual letter to shareholders entitled "Building on our Legacy of Trust" authored by President and Chief Executive Officer Bonnie Lee. To view the letter please visit Hanmi Financial Corporation (HAFC). About Hanmi Financial Corporation Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Ba ...
Hanmi Financial (HAFC) - 2023 Q4 - Annual Results
2024-03-18 12:30
Los Angeles New York/ New Jersey Virginia Chicago Dallas Houston San Francisco San Diego Exhibit 99.1 Hanmi Financial Corporation 2024 Virtual Bank Conference March 2024 PIPER SANDLER Forward-Looking Statements Hanmi Financial Corporation (the "Company") cautions investors that any statements contained herein that are not historical facts are forward-looking statements within the meaning of the "safe harbo" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, th ...
Hanmi Financial (HAFC) - 2023 Q4 - Annual Report
2024-02-29 20:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To (State or Other Jurisdiction of Incorporation or Organization) 900 Wilshire Boulevard, Suite 1250 Los Angeles, California 90017 (Address of Principal Executive Offices) (Z ...