l Hanmi Financial Corporation Los Angeles New York/ New Jersey Virginia Chicago Dallas Houston San Francisco San Diego Forward-Looking Statements Forward-looking statements are based upon the good faith beliefs and expectations of management as of this date only and are further subject to additional risks and uncertainties, including, but not limited to, the risk factors set forth in our earnings release dated January 23, 2024, including the section titled "Forward Looking Statements and the Company's most ...

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 September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the Transition Period From To Commission File Number: 000-30421 HANMI FINANCIAL CORPORATION (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of (I.R.S. Emplo ...

Hanmi Financial Corporation (NASDAQ:HAFC) Q3 2023 Earnings Conference Call October 24, 2023 5:00 PM ET Company Participants Larry Clark - Investor Relations Bonnie Lee - President and Chief Executive Officer Anthony Kim - Chief Banking Officer Ron Santarosa - Chief Financial Officer Conference Call Participants Matthew Clark - Piper Sandler Kelly Motta - KBW Operator Ladies and gentlemen, welcome to the Hanmi Financial Corporation's Third Quarter 2023 Conference Call. As a reminder, today's call is being re ...

Los Angeles New York/ New Jersey San Francisco San Diego October 24, 2023 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 harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, those statements regarding operating and financial performance, financial position and liquidity, business strategies, regulatory, economi ...

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 June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To (Address of Principal Executive Offices) (Zip Code) (213) 382-2200 (Registrant's Telephone Number, Including Area Code) Not Applicable Commission File Number: 000-3042 ...

Financial Data and Key Metrics Changes - Net income for Q2 2023 was $20.6 million or $0.67 per diluted share, down from $25.1 million or $0.82 per diluted share in the same quarter last year [4] - Deposits increased over 7% on an annualized basis to $6.3 billion, with noninterest-bearing deposits remaining high at 35% of total deposits [5][16] - Return on average assets was 1.12% and return on average equity was 11.14% [10] - Net interest income for Q2 was $55.4 million, down $2.4 million or 4.2% sequentially from Q1 [17] - Net interest margin declined 17 basis points to 3.11% [39] Business Line Data and Key Metrics Changes - Loan production for Q2 was $259 million, down from $304 million in the previous quarter, with declines in CRE, C&I, and equipment financing loans [6][11] - Residential mortgage production was strong at $100 million, consistent with the last five quarters [12][29] - C&I lending funded $36 million in loans, a 34% increase from Q1 [13] - SBA loan production was nearly $31 million, down from $35 million in Q1 [14] - Corporate Korea loans represented 12.3% of total loans, with a healthy pipeline entering Q3 [35] Market Data and Key Metrics Changes - Corporate Korea deposit activity was strong, up 22% from the last quarter and 64% higher than a year ago, now comprising nearly 11% of total deposits [55] - The utilization rate of commercial lines of credit was 37%, down from 38% in the previous quarter [53] Company Strategy and Development Direction - The company is focused on growing its residential mortgage platform and expanding its Corporate Korea initiative to attract new lending relationships and low-cost deposits [4][8][25] - The strategy includes optimizing the footprint to serve growing markets and maintaining a disciplined approach to lending [9][28] - The company aims to continue executing its strategy while managing expenses effectively [30][62] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by rising interest rates and economic uncertainty but reported solid results due to a successful relationship banking model [24] - The company is optimistic about its loan pipeline and expects customers to continue viewing it as a trusted partner [27] - Management plans to remain selective in lending, focusing on high-quality borrowers with deposit relationships [28] Other Important Information - The allowance for credit losses stood at $71 million, or 1.19% of loans, with net charge-offs annualized at 12 basis points [41] - The tangible book value per share increased 1.2% to $21.56 at June 30, 2023 [42] - The company repurchased 100,000 shares of common stock at an average price of $14.44, reducing capital by $1.4 million [42] Q&A Session Summary Question: How are you viewing new loan originations versus share buybacks at the current level? - Management indicated a selective approach to loans due to the high rate environment, while share repurchases were opportunistic given market conditions [45][46] Question: Can you provide more specific color around recent trends in noninterest-bearing deposits? - Management noted a slow shift from noninterest-bearing deposits to interest-bearing accounts, expecting noninterest-bearing deposits to hold or decrease slightly [47] Question: What are the expectations for margin moving forward? - Management expressed uncertainty about the timing of margin inflection points but noted a deceleration in margin decline [48] Question: Is the current expense run rate sustainable? - Management indicated that the current expense run rate is reasonable, with some stability expected around the $34 million mark [49] Question: What is the outlook for borrowings going forward? - Management expects borrowings to remain stable, reflecting the decrease in reliance on borrowings due to increased deposits [51] Question: Can you provide an update on the status of the specific reserve increase on the C&I healthcare loan? - Management confirmed that the borrower is undergoing reorganization, including a possible sale of the business [67]

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, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To Commission File Number: 000-30421 HANMI FINANCIAL CORPORATION (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of (I.R.S. Employer ...

2.1% 1.8% 27 Tangible book value per share (TBVPS)(1) increased to $21.30 from $20.54 at the end of the prior quarter. 1Q23 TBVPS(1) and TCE/TA(1) ratio were impacted by $79.1 million of negative AOCI reflecting changes in the value of the securities portfolio resulting from interest rate changes during the quarter. 28 CET1 Tier 1 Total The Company exceeds regulatory minimums and the Bank remains well capitalized at March 31, 2023. CET1 Capital Tier 1 Capital Company Pro Forma Minimum Requirement Capital Co ...

Hanmi Financial Corporation (NASDAQ:HAFC) Q1 2023 Earnings Conference Call April 25, 2023 5:00 PM ET Company Participants Larry Clark - Investor Relations Bonnie Lee - President and Chief Executive Officer Anthony Kim - Chief Banking Officer Ron Santarosa - Chief Financial Officer Conference Call Participants Gary Tenner - D.A. Davidson Matthew Clark - Piper Sandler Kelly Motta - KBW Tim Coffey - Janney Montgomery Scott Jason Stewart - Jones Trading Operator Ladies and gentlemen, welcome to the Hanmi Financ ...

Capital Adequacy - As of December 31, 2022, the Company's total risk-based capital ratio was 14.49%, exceeding the minimum requirements for being deemed "well-capitalized" [82] - The Bank's Tier 1 risk-based capital ratio was 12.85%, and the Common Equity Tier 1 capital ratio was also 12.85% as of December 31, 2022 [82] - The Bank's capital conservation buffer was 5.86% in 2022, compared to 6.72% in 2021, indicating a decrease in capital conservation [82] - The Company and the Bank met all applicable capital requirements as of December 31, 2022 [84] - The Federal Reserve may require banks to maintain additional capital beyond the new minimum requirements, potentially impacting net income and return on equity [83] Dividend Restrictions - The Company is subject to various federal and state restrictions on its ability to pay dividends, which depend on the Bank's performance [97] - The Bank's ability to pay dividends is restricted if the additional capital conservation buffer is not achieved [98] Community Reinvestment - The Bank was rated "Needs to Improve" in meeting community credit needs under the Community Reinvestment Act (CRA) at its most recent examination [101] Deposit Insurance - The FDIC insures customer deposits up to $250,000 per depositor, per ownership category [93] - The FDIC adopted a rule in October 2022 to increase initial base deposit insurance assessment rates by two basis points starting in 2023, which may adversely affect earnings [94] Borrowing Capacity - As of December 31, 2022, the Bank's investment in Federal Home Loan Bank of San Francisco capital stock was $16.4 million, with total borrowing capacity of $1.54 billion and remaining available borrowing capacity of $1.07 billion [103] - The total borrowing capacity decreased from $1.84 billion in 2021 to $1.54 billion in 2022, while remaining available borrowing capacity decreased from $1.61 billion to $1.07 billion [103] Interest Rate Impact - The Bank's performance is influenced by the differential between the yield on interest-earning assets and rates paid on deposits, affected by monetary policies and economic conditions [105] - The nature and impact of future changes in monetary policies cannot be predicted, affecting the Bank's growth and earnings [105] Economic Support Programs - The CARES Act provided over $2 trillion to support the economy, allowing borrowers to request mortgage forbearance for up to 180 days due to COVID-19 [108] - The Paycheck Protection Program (PPP) offered 100% federally guaranteed loans to small businesses, with maximum amounts up to 2.5 times average monthly payroll costs [109] Corporate Governance - The California Corporations Code requires public companies to have at least three female directors and three directors from underrepresented communities by the end of 2022, which the Company complied with [110] - The SEC approved a Nasdaq rule requiring companies to have at least one diverse director, with compliance deadlines set for one and two years after the rule's approval [111] Regulatory Compliance - The Bank was in compliance with the Federal Home Loan Bank of San Francisco's stock ownership requirement as of December 31, 2022 [103] - Non-bank subsidiaries are subject to additional regulation and supervision by various regulatory bodies [106]