Welcome to our dedicated page for Hanmi Financial news (Ticker: HAFC), a resource for investors and traders seeking the latest updates and insights on Hanmi Financial stock.
Hanmi Financial Corp (NASDAQ: HAFC) is the parent company of Hanmi Bank, a financial institution headquartered in Los Angeles, California. Established in 1982, Hanmi Bank serves the Korean-American and broader multi-ethnic communities through its network of 35 full-service branches and eight loan production offices across several states including California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia.
Focusing primarily on small businesses, Hanmi Bank offers a comprehensive range of financial products and services including commercial and real estate loans, SBA loans, and trade-finance products. The bank's revenue streams are diversified, deriving from interest and fees on loans, interest and dividends on the securities portfolio, service charges on deposit accounts, and sales of SBA loans.
Beyond its traditional banking operations, Hanmi Bank has been actively expanding its footprint through strategic acquisitions and has a robust plan to enter new markets. The bank maintains a strong balance sheet with ample liquidity, high credit quality, stable core deposits, and well-managed expenses, positioning it well to navigate dynamic economic environments.
Recent achievements include the release of the 2023 annual letter to shareholders, highlighting the bank’s ongoing commitment to building trust and providing value. For the first quarter of 2024, Hanmi Financial Corporation reported a net income of $15.2 million, reflecting a solid financial performance despite a slight dip compared to the previous quarter.
Hanmi Financial Corp is dedicated to maintaining and growing its presence in the banking industry, continually enhancing its services to meet the needs of its diverse clientele. For more information, visit the investor relations page of Hanmi’s website at https://investors.hanmi.com/.
On April 27, 2023, Hanmi Financial Corporation (NASDAQ: HAFC) announced a cash dividend of $0.25 per share for the 2023 second quarter. This dividend will be distributed on May 24, 2023, to stockholders who are on record by the close of business on May 8, 2023. Hanmi Financial Corporation operates Hanmi Bank, which focuses on serving multi-ethnic communities across various states through its 35 branches and eight loan production offices. The bank specializes in lending services including real estate, commercial, SBA, and trade finance to small and middle-market businesses.
Hanmi Financial Corporation (NASDAQ: HAFC) reported Q1 2023 net income of $22.0 million, or $0.72 per diluted share, down 22.8% from Q4 2022 due to lower net interest income and increased credit loss expenses. The company’s return on average assets was 1.21% and return on average equity 12.19%. Total loans increased 0.9% to $5.98 billion while deposits rose 2.1% to $6.20 billion. Net interest income decreased 10.4% to $57.9 million, with a net interest margin of 3.28%. Noninterest income increased 11.8% to $8.3 million. The efficiency ratio was 49.54%, and the provision for credit losses was $2.1 million.
Hanmi Financial Corporation (NASDAQ: HAFC) has released its 2022 annual letter to shareholders, emphasizing the importance of safety and security. Authored by President and CEO Bonnie Lee, the letter highlights the company’s commitment to its multi-ethnic communities and its services through 35 branches across several states including California, Texas, and New Jersey. Hanmi Bank focuses on real estate, commercial, SBA, and trade finance lending, catering to small and middle-market businesses. For more in-depth information, the letter is accessible to investors via their official website.
Hanmi Financial Corporation (Nasdaq: HAFC) announced it will report its first quarter 2023 financial results after market close on April 25, 2023. A conference call is scheduled for the same day at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Interested parties, including investment professionals and shareholders, can join the call by dialing 1-877-407-9039 or listening online via the investor relations section of Hanmi’s website. Headquartered in Los Angeles, Hanmi Financial operates 35 branches and eight loan production offices across several states, providing services such as commercial and real estate lending targeted at small and middle-market businesses.
Hanmi Financial Corporation (NASDAQ: HAFC) declared a cash dividend of $0.25 per share for the first quarter of 2023. This dividend will be distributed on February 23, 2023, to stockholders of record by the close of business on February 6, 2023. Headquartered in Los Angeles, Hanmi Financial Corporation owns Hanmi Bank, which provides lending services to small and middle market businesses across multi-ethnic communities through its 35 branches and 8 loan offices located in several states including California and Texas.
Hanmi Financial Corporation (NASDAQ: HAFC) reported strong financial results for Q4 2022, achieving net income of $28.5 million ($0.93 per diluted share), a 4.8% increase from Q3 2022. For the full year, net income rose to $101.4 million ($3.32 per diluted share), reflecting a 2.8% year-over-year growth. Key highlights include a 21.8% increase in net interest income and loan production of $2.12 billion, a 17.1% increase over 2021. However, noninterest income declined by 15.5% to $34.2 million due to lower SBA loan sales. As of December 31, 2022, total assets reached $7.38 billion, with healthy asset quality and regulatory capital ratios exceeding minimum requirements.
Hanmi Financial Corporation (Nasdaq: HAFC) will announce its fourth quarter 2022 financial results on January 24, 2023, after market close. Management will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these results. Investment professionals and shareholders can join the call by dialing 1-877-407-9039 or by accessing the live stream on Hanmi's investor relations page. Hanmi Financial serves diverse communities through 35 branches and focuses on real estate, commercial, SBA, and trade finance lending.
FAQ
What is the current stock price of Hanmi Financial (HAFC)?
What is the market cap of Hanmi Financial (HAFC)?
What is Hanmi Financial Corp?
When was Hanmi Bank established?
What types of services does Hanmi Bank offer?
Where are Hanmi Bank's branches located?
What are Hanmi Bank's main revenue sources?
What recent achievements has Hanmi Financial Corp reported?
How is Hanmi Financial Corp planning to grow?
How can I access Hanmi Financial Corp's investor relations information?
What states does Hanmi Bank serve?
What was Hanmi Financial Corp's net income for the first quarter of 2024?
