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/.
Hanmi Financial Corporation (HAFC) will report its third quarter 2022 financial results on October 25, 2022, after market close. A conference call will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. The call can be accessed by dialing 1-877-407-9039 or listening online via the investor relations page on the Hanmi website. Hanmi operates 35 branches across several states, focusing on real estate, commercial, and SBA lending, serving diverse communities.
Hanmi Financial Corporation (NASDAQ: HAFC) announced a cash dividend of $0.25 per share for Q3 2022, marking a 13.6% increase from the previous quarter. The dividend is payable on August 24, 2022, to stockholders on record as of August 8, 2022. CEO Bonnie Lee expressed confidence in the company’s financial strength and diversified business model, emphasizing expected ongoing returns to shareholders.
Hanmi Financial Corporation (HAFC) reported a strong second quarter of 2022, with net income rising 21.0% to $25.1 million ($0.82 per diluted share), driven by high loan production and improved net interest income. Key metrics include a net interest margin of 3.55%, a 3.4% increase in deposits, and 6.0% growth in loans to $5.66 billion. Despite a slight uptick in credit loss expenses to $1.6 million, overall asset quality remains stable, with nonperforming assets declining to 0.17% of total assets. The company maintains a solid capital position, exceeding minimum regulatory requirements.
Hanmi Financial Corporation (Nasdaq: HAFC) has announced its plans to report second quarter 2022 financial results after market close on July 26, 2022. A conference call will follow at 2:00 p.m. Pacific Time, allowing investment professionals and shareholders to access the discussion via phone or online.
Hanmi Bank, a subsidiary headquartered in Los Angeles, operates 35 branches across several states, focusing on real estate, commercial, and trade finance lending.
Hanmi Financial Corporation (NASDAQ: HAFC) declared a $0.22 cash dividend per share for Q2 2022, payable on May 25, 2022, to stockholders of record by May 9, 2022. This announcement reflects the Board's confidence in the company's financial stability and growth outlook.
Headquartered in Los Angeles, Hanmi Bank operates 35 branches and specializes in real estate and commercial lending. This dividend demonstrates Hanmi's commitment to balanced capital allocation.
Hanmi Financial Corporation (NASDAQ: HAFC) reported a first-quarter 2022 net income of $20.7 million, down 37.9% from $33.3 million in Q4 2021. Earnings per diluted share fell to $0.68 from $1.09. The decline was influenced by a drop in credit loss recoveries, with a $1.4 million recovery in Q1 compared to $16 million in Q4. Noninterest income decreased to $8.5 million, and total assets decreased 1.8% to $6.74 billion. Despite these challenges, the company experienced a strong 3.6% growth in loans and a healthy net interest margin of 3.10%. Hanmi's stockholders' equity was $621.5 million, down from $643.4 million.
Hanmi Financial Corporation (Nasdaq: HAFC) announced it will report its first quarter 2022 financial results on April 26, 2022, after market close. A conference call will follow at 2:00 p.m. Pacific Time to discuss the results. Interested parties can access the call by dialing 1-877-407-9039 with the access code Hanmi Bank or via Hanmi's investor relations page. Headquartered in Los Angeles, Hanmi Financial focuses on serving multi-ethnic communities through its extensive network of branches and loan production offices across several states.
Hanmi Financial Corporation (Nasdaq: HAFC) has been recognized by S&P Global Market Intelligence as one of the top-performing community banks in the U.S., ranking No. 16 among banks with assets between $3 billion and $10 billion. CEO Bonnie Lee attributed this achievement to the bank's strategic expansion and improved asset quality. The ranking reflects strong financial results driven by customer engagement and comprehensive service offerings. The evaluation was based on multiple performance metrics, which showcased Hanmi's solid financial health and operational efficiency.
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