Hanmi Financial (NASDAQ:HAFC) Issues Earnings Results, Beats Estimates By $0.04 EPS

Hanmi Financial (NASDAQ:HAFC) released its earnings results on Tuesday. The bank reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04, Zacks reports. The business had revenue of $71.74 million for the quarter, compared to analysts’ expectations of $71.40 million. Hanmi Financial had a return on equity of 9.85% and a net margin of 17.10%.

Here are the key takeaways from Hanmi Financial’s conference call:

• Hanmi reported net income of $22.6 million ($0.75/share) with net interest margin expanding 10 bps to 3.38%, ROA 1.18%, ROE 10.86% and an improved efficiency ratio of 53.5% (down 150 bps).
• Total deposits grew (2% QoQ, ~7% annualized) with non?interest bearing deposits ~30% of the mix and Corporate Korea/U.S. KC deposits rising ~10–11% to over $1.1 billion, strengthening the funding profile.
• C&I originations jumped 64% to $135 million and new loan yields are higher than existing book, while CRE metrics remain conservative (WLTV ~47%, DSCR ~2.2x), supporting portfolio diversification and margin upside.
• Despite solid $378 million loan production, total loan balances edged down due to higher?than?normal payoffs and muted loan demand from some Corporate Korea clients, posing near?term headwinds to loan growth even as management targets low? to mid?single?digit growth for 2026.
• Asset quality improved materially (NPAs down 38% to 0.16% of assets after a $9.7M collection and OREO sales), but management flagged a $21.2M CRE loan and a $5M hospitality C&I loan moved to watch categories—both remain current with no loss expected.

Hanmi Financial Stock Down 2.2%

Shares of NASDAQ:HAFC opened at $27.60 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $821.18 million, a P/E ratio of 11.00 and a beta of 0.68. Hanmi Financial has a 12-month low of $21.18 and a 12-month high of $30.20. The stock’s 50-day moving average price is $26.59 and its 200-day moving average price is $26.98.

Hanmi Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Monday, February 9th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, February 9th. Hanmi Financial’s payout ratio is 44.62%.

Institutional Trading of Hanmi Financial

Large investors have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Hanmi Financial by 30.5% in the fourth quarter. Royal Bank of Canada now owns 1,880 shares of the bank’s stock worth $51,000 after purchasing an additional 439 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Hanmi Financial by 343.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,278 shares of the bank’s stock worth $56,000 after purchasing an additional 1,764 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Hanmi Financial by 148.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,414 shares of the bank’s stock worth $60,000 after purchasing an additional 1,442 shares during the last quarter. SummitTX Capital L.P. bought a new stake in shares of Hanmi Financial in the fourth quarter worth about $203,000. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Hanmi Financial in the fourth quarter worth about $216,000. 88.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on HAFC. Zacks Research cut Hanmi Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Wall Street Zen cut Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 24th. Keefe, Bruyette & Woods increased their target price on Hanmi Financial from $31.50 to $32.00 and gave the company a “market perform” rating in a research note on Thursday, April 9th. Piper Sandler reduced their target price on Hanmi Financial from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Thursday, April 2nd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hanmi Financial in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.17.

About Hanmi Financial

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean?American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium?sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA?guaranteed loans.