Hanmi Financial (NASDAQ:HAFC) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Hanmi Financial (NASDAQ:HAFC) released its quarterly earnings data on Tuesday. The bank reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04, Zacks reports. Hanmi Financial had a net margin of 18.05% and a return on equity of 10.39%. The firm had revenue of $71.74 million during the quarter, compared to analysts’ expectations of $71.40 million.

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 Price Performance

Hanmi Financial stock opened at $29.57 on Thursday. Hanmi Financial has a 52 week low of $21.58 and a 52 week high of $30.20. The firm has a market capitalization of $879.71 million, a PE ratio of 11.03 and a beta of 0.68. The firm’s 50-day simple moving average is $26.65 and its 200 day simple moving average is $27.00. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.35.

Hanmi Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Monday, February 9th were given a $0.28 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.12 annualized dividend and a dividend yield of 3.8%. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.27. Hanmi Financial’s payout ratio is presently 44.62%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HAFC. Wall Street Zen downgraded shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Saturday, January 24th. Piper Sandler decreased their price target on shares of Hanmi Financial from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Thursday, April 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Hanmi Financial in a research report on Monday, December 29th. DA Davidson reaffirmed a “neutral” rating and issued a $29.50 target price on shares of Hanmi Financial in a report on Thursday, January 29th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Hanmi Financial from $31.50 to $32.00 and gave the company a “market perform” rating in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Hanmi Financial has a consensus rating of “Hold” and a consensus price target of $31.17.

Hedge Funds Weigh In On Hanmi Financial

Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of Hanmi Financial by 30.5% during the 4th quarter. Royal Bank of Canada now owns 1,880 shares of the bank’s stock worth $51,000 after acquiring an additional 439 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Hanmi Financial by 343.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,278 shares of the bank’s stock worth $56,000 after acquiring an additional 1,764 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Hanmi Financial by 148.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,414 shares of the bank’s stock worth $60,000 after acquiring an additional 1,442 shares during the period. SummitTX Capital L.P. purchased a new position in shares of Hanmi Financial during the 4th quarter worth about $203,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Hanmi Financial during the 4th quarter worth about $216,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

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.