LOS ANGELES, Jan. 28, 2025 (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 2025 first quarter of $0.27 per share, up 8% from the prior quarter. The dividend will be paid on February 26, 2025, to stockholders of record as of the close of business on February 10, 2025. "Following another quarter of successful execution across our business, ...

LOS ANGELES, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today reported financial results for the fourth quarter of 2024 and full year. Net income for the fourth quarter of 2024 was $17.7 million, or $0.58 per diluted share, compared with $14.9 million, or $0.49 per diluted share, for the third quarter of 2024. The return on average assets for the fourth quarter of 2024 was 0.93% and the return on average equity was ...

LOS ANGELES, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today announced its participation in the Janney 5th Annual Bank CEO Forum on Wednesday, January 29 and Thursday, January 30, 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 throughout the day. A copy of the presentation being used for meetings ...

LOS ANGELES, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced that it will report fourth quarter 2024 financial results after the market close on Tuesday, January 28, 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 January 28 ...

LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), today announced that Hanmi Bank opened its first representative office in Seoul, South Korea, which further enhances the bank’s U.S. Subsidiaries of Korean Companies (“USKC”) business initiative. The new representative office is located within the International Finance Center Seoul (“IFC”) and will allow Hanmi Bank to better reach and support its USKC customer base. This latest effort complements the bank’s ...

For the quarter ended September 2024, Hanmi Financial (HAFC) reported revenue of $58.49 million, down 11.5% over the same period last year. EPS came in at $0.49, compared to $0.62 in the year-ago quarter.The reported revenue represents a surprise of -1.26% over the Zacks Consensus Estimate of $59.23 million. With the consensus EPS estimate being $0.49, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

LOS ANGELES, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq: HAFC) ("Hanmi"), the holding company for Hanmi Bank, today announced that it will report third quarter 2024 financial results after the market close on Tuesday, October 22, 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 October 22 ...

LOS ANGELES, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or "Hanmi"), the parent company of Hanmi Bank (the "Bank"), today announced its participation in the Janney Financial Services Conference on Tuesday, September 17, 2024, in Washington, DC. Bonnie Lee, President and Chief Executive Officer, and Ron Santarosa, Chief Financial Officer, will host oneon-one meetings throughout the day. A copy of the presentation being used for meetings with institutional investors will be ...

Company Overview - Hanmi Financial Corporation is headquartered in Los Angeles, California, and owns Hanmi Bank, which operates 32 full-service branches and eight loan production offices across multiple states including California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia [1] - Hanmi Bank specializes in real estate, commercial, SBA, and trade finance lending, primarily serving small and middle market businesses [1] Investor Relations - Hanmi Financial Corporation will participate in the 25th Annual KBW Community Bank Investor Conference on July 30, 2024, in New York City [2] - Bonnie Lee, President and CEO, and Ron Santarosa, CFO, will host one-on-one and small group meetings during the conference [3] - The presentation for institutional investors will be available on the company's website in the Investor Relations section [3]

Core Insights - Hanmi Financial (HAFC) reported a revenue of $56.68 million for the quarter ended June 2024, reflecting a decrease of 10.6% year-over-year [1] - The earnings per share (EPS) for the quarter was $0.48, down from $0.67 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $59.07 million, resulting in a surprise of -4.05% [1] - The company met the consensus EPS estimate of $0.48, indicating no surprise in earnings [1] Financial Metrics - Efficiency Ratio stood at 62.2%, higher than the average estimate of 59.8% from three analysts [3] - Net interest margin was reported at 2.7%, slightly below the estimated 2.8% [3] - Average balance of total interest-earning assets was $7.27 billion, compared to the average estimate of $7.38 billion [3] - Net loan charge-offs to average loans were 0.1%, better than the estimated 0.2% [3] - Total non-interest income was $8.06 million, below the average estimate of $8.32 million [3] - Net interest income reported was $48.62 million, compared to the estimated $50.35 million [3] - Service charges on deposit accounts were $2.43 million, lower than the estimated $2.74 million [3] - Other operating income was $2.71 million, slightly above the estimated $2.55 million [3] - Trade finance and other service charges and fees were $1.28 million, compared to the average estimate of $1.33 million [3] Stock Performance - Hanmi Financial's shares have returned +28.3% over the past month, outperforming the Zacks S&P 500 composite's +2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]