Hanmi Financial (US:HAFC) ZACKSยท2025-01-29 00:30Core Insights - Hanmi Financial (HAFC) reported revenue of $60.81 million for the quarter ended December 2024, reflecting a year-over-year increase of 1.7% but a revenue surprise of -0.97% compared to the Zacks Consensus Estimate of $61.4 million [1] - The earnings per share (EPS) for the quarter was $0.58, down from $0.61 in the same quarter last year, but exceeded the consensus EPS estimate of $0.53 by 9.43% [1] Financial Performance Metrics - Efficiency Ratio stood at 56.8%, better than the three-analyst average estimate of 58.2% [4] - Net interest margin was reported at 2.9%, matching the three-analyst average estimate [4] - Average balance of total interest-earning assets was $7.32 billion, slightly below the $7.45 billion average estimate from two analysts [4] - Net loan charge-offs to average loans were 0%, outperforming the two-analyst average estimate of 0.2% [4] - Total non-interest income was $7.36 million, lower than the three-analyst average estimate of $8.17 million [4] - Net interest income reached $53.45 million, exceeding the $52.90 million average estimate from two analysts [4] - Service charges on deposit accounts were $2.19 million, slightly above the two-analyst average estimate of $2.17 million [4] - Other operating income was $2.36 million, below the $3.06 million average estimate from two analysts [4] - Trade finance and other service charges and fees totaled $1.36 million, surpassing the two-analyst average estimate of $1.14 million [4] Stock Performance - Over the past month, shares of Hanmi Financial have returned -1.9%, contrasting with the Zacks S&P 500 composite's increase of +0.8% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]