HAFC
Hanmi Financial Corporation28.74
-0.28-0.97%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Credit color, expense guide, CD details
Q&A clarified a hospitality loan's special mention status from proactive monitoring—no losses foreseen despite PIP for World Cup events. Management guided mid-single-digit expense growth for 2026, dismissing Q4 OREO bulge as rearview mirror. Roughly $1.8 billion CDs mature in H1 at ~4%, targeted for 3.5%-3.6% repricing amid intense competition that trimmed retention to 80%. Buybacks proceed opportunistically; shares above book tempered Q4 pace. Payoffs rose 13% annually despite production surge. Helpful details, but reaffirms prepared outlook. Competition crimps deposit power.
Key Stats
Market Cap
865.82MP/E (TTM)
11.97Basic EPS (TTM)
2.40Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
Hanmi Financial posted FY2025 net income of $76.1M, up 22% y/y, fueled by net interest income jumping 16% to $236M as deposit costs fell 59bps to 3.61% while loan yields held steady at 5.96%. Loans grew 5% to $6.56B, led by C&I and residential gains, yet Q4 saw an $8.6M syndicated CRE office charge-off that drove credit loss expense to $14.4M. Deposits rose 4% to $6.68B; FHLB borrowings dropped to $150M. Repurchased 393K shares. CRE concentrations in lessors (24%) and hospitality (13%) expose quarterly momentum to real estate slumps.
8-K
4Q25 results released
8-K
4Q25 results released
8-K
Dividend up 4%, repurchases expanded
Hanmi Financial declared a Q1 2026 cash dividend of $0.28 per share, up 4% from last quarter, payable February 25 to holders of record February 9. It expanded its share repurchase authorization by 1.5 million shares to 2.3 million total, or 7.8% of shares outstanding as of December 31, 2025. Management signals confidence in earnings momentum. Repurchases hinge on market conditions.
8-K
Q4 net income $21.2M, NIM 3.28%
Hanmi Financial reported Q4 2025 net income of $21.2 million, down 3.7% from Q3 amid lower noninterest income, yet net interest income rose 2.9% to $62.9 million as deposit costs fell 20 basis points, lifting NIM to 3.28%. Loans hit $6.56 billion, up 0.5%; deposits dipped 1.3% to $6.68 billion with 30% noninterest-bearing. Asset quality shines. Capital returned $10.1 million.
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