Hanmi Financial Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Hanmi Financial has an operating margin of 26.5%, meaning the company retains $27 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is down from 31.3% the prior year.
Hanmi Financial's revenue declined 8.3% year-over-year, from $255.4M to $234.4M. This contraction results in a growth score of 5/100.
Hanmi Financial has elevated debt relative to equity (D/E of 9.49), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Hanmi Financial converts 21.9% of revenue into free cash flow ($51.3M). This strong cash generation earns a score of 100/100.
Hanmi Financial's ROE of 8.5% shows moderate profitability relative to equity, earning a score of 34/100. This is down from 11.4% the prior year.
Hanmi Financial passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Hanmi Financial generates $0.87 in operating cash flow ($53.9M OCF vs $62.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Hanmi Financial earns $0.3 in operating income for every $1 of interest expense ($62.2M vs $196.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Hanmi Financial (HAFC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Hanmi Financial generated $234.4M in revenue in fiscal year 2024. This represents a decrease of 8.3% from the prior year.
Hanmi Financial's EBITDA was $65.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 21.5% from the prior year.
Hanmi Financial generated $51.3M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 51.3% from the prior year.
Hanmi Financial reported $62.2M in net income in fiscal year 2024. This represents a decrease of 22.3% from the prior year.
Hanmi Financial earned $2.05 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 21.8% from the prior year.
Hanmi Financial held $304.8M in cash against $0 in long-term debt as of fiscal year 2024.
Hanmi Financial paid $1.00 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Hanmi Financial had 30M shares outstanding in fiscal year 2024. This represents a decrease of 0.6% from the prior year.
Hanmi Financial's operating margin was 26.5% in fiscal year 2024, reflecting core business profitability. This is down 4.8 percentage points from the prior year.
Hanmi Financial's net profit margin was 26.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 4.8 percentage points from the prior year.
Hanmi Financial's ROE was 8.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.9 percentage points from the prior year.
Hanmi Financial spent $6.3M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 54.6% from the prior year.
Hanmi Financial invested $2.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 8.3% from the prior year.
HAFC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $71.0M+8.8% | $65.2M+3.8% | $62.8M+3.3% | $60.8M+7.3% | $56.7M-2.9% | $58.4M | N/A | $94.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | $22.1M+45.9% | $15.1M-14.5% | $17.7M-0.1% | $17.7M+22.4% | $14.5M-4.7% | $15.2M | N/A | N/A |
| Interest Expense | $44.1M-0.1% | $44.2M+0.1% | $44.2M-5.4% | $46.7M-6.7% | $50.0M+2.2% | $48.9M | N/A | $39.2M |
| Income Tax | $9.4M+53.7% | $6.1M-17.8% | $7.4M-2.5% | $7.6M+27.4% | $6.0M-8.6% | $6.6M | N/A | $7.9M |
| Net Income | $22.1M+45.9% | $15.1M-14.5% | $17.7M-0.1% | $17.7M+22.4% | $14.5M-4.7% | $15.2M | N/A | $18.8M |
| EPS (Diluted) | $0.73+46.0% | $0.50-13.8% | $0.580.0% | $0.58+20.8% | $0.48-4.0% | $0.50 | N/A | $0.62 |
HAFC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.9B-0.1% | $7.9B+1.7% | $7.7B+0.7% | $7.7B+1.2% | $7.6B+1.0% | $7.5B-0.8% | $7.6B+3.0% | $7.4B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $215.7M-43.3% | $380.1M+15.5% | $329.0M+7.9% | $304.8M-2.6% | $313.1M+22.3% | $256.0M-15.3% | $302.3M+4.6% | $289.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $11.0M0.0% | $11.0M-0.3% | $11.0M+0.3% | $11.0M-0.3% | $11.0M0.0% | $11.0M0.0% | $11.0M0.0% | $11.0M |
| Total Liabilities | $7.1B-0.3% | $7.1B+1.7% | $7.0B+0.5% | $6.9B+1.0% | $6.9B+1.0% | $6.8B-0.9% | $6.9B+2.7% | $6.7B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $779.5M+2.2% | $762.8M+1.5% | $751.5M+2.6% | $732.2M+3.6% | $707.1M+0.6% | $703.1M+0.2% | $701.9M+5.8% | $663.4M |
| Retained Earnings | $381.2M+3.8% | $367.3M+1.9% | $360.3M+2.7% | $350.9M+5.2% | $333.4M+2.1% | $326.5M+2.3% | $319.0M+3.6% | $308.0M |
HAFC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $146.9M+873.6% | -$19.0M-173.5% | $25.8M+70.2% | $15.2M+640.4% | $2.1M-93.2% | $30.0M+266.0% | $8.2M-72.2% | $29.5M |
| Capital Expenditures | $560K-1.6% | $569K+116.3% | $263K-68.7% | $840K+9.2% | $769K-3.1% | $794K-62.0% | $2.1M+256.7% | -$1.3M |
| Free Cash Flow | $146.4M+848.2% | -$19.6M-176.5% | $25.6M+78.3% | $14.3M+1019.0% | $1.3M-95.6% | $29.2M+378.3% | $6.1M-78.3% | $28.1M |
| Investing Cash Flow | -$271.0M-588.4% | -$39.4M-29.1% | -$30.5M-312.4% | $14.4M+280.7% | -$7.9M+16.2% | -$9.5M+94.4% | -$169.5M-196.5% | -$57.2M |
| Financing Cash Flow | -$40.3M-136.9% | $109.4M+279.3% | $28.8M+330.6% | -$12.5M-119.9% | $62.9M+194.2% | -$66.8M-138.2% | $174.7M+719.6% | -$28.2M |
| Dividends Paid | $8.1M-1.5% | $8.3M+1.2% | $8.2M+8.1% | $7.5M-0.5% | $7.6M-1.3% | $7.7M+1.2% | $7.6M-1.3% | $7.7M |
| Share Buybacks | $4.7M+187.7% | $1.6M+44.8% | $1.1M+103.1% | $554K-79.7% | $2.7M+71.4% | $1.6M+115.7% | $739K-61.1% | $1.9M |
HAFC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 31.1%+7.9pp | 23.2%-4.9pp | 28.1%-1.0pp | 29.1%+3.6pp | 25.5%-0.5pp | 26.0% | N/A | N/A |
| Net Margin | 31.1%+7.9pp | 23.2%-4.9pp | 28.1%-1.0pp | 29.1%+3.6pp | 25.5%-0.5pp | 26.0% | N/A | 20.0% |
| Return on Equity | 2.8%+0.8pp | 2.0%-0.4pp | 2.4%-0.1pp | 2.4%+0.4pp | 2.0%-0.1pp | 2.2% | N/A | 2.8% |
| Return on Assets | 0.3%+0.1pp | 0.2%-0.0pp | 0.2%0.0pp | 0.2%+0.0pp | 0.2%-0.0pp | 0.2% | N/A | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 9.08-0.2 | 9.31+0.0 | 9.29-0.2 | 9.49-0.2 | 9.73+0.0 | 9.68-0.1 | 9.79-0.3 | 10.08 |
| FCF Margin | 206.3%+236.2pp | -30.0%-70.7pp | 40.7%+17.1pp | 23.6%+21.3pp | 2.3%-47.7pp | 50.0% | N/A | 29.9% |
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Frequently Asked Questions
What is Hanmi Financial's annual revenue?
Hanmi Financial (HAFC) reported $234.4M in total revenue for fiscal year 2024. This represents a -8.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Hanmi Financial's revenue growing?
Hanmi Financial (HAFC) revenue declined by 8.3% year-over-year, from $255.4M to $234.4M in fiscal year 2024.
Is Hanmi Financial profitable?
Yes, Hanmi Financial (HAFC) reported a net income of $62.2M in fiscal year 2024, with a net profit margin of 26.5%.
What is Hanmi Financial's earnings per share (EPS)?
Hanmi Financial (HAFC) reported diluted earnings per share of $2.05 for fiscal year 2024. This represents a -21.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Hanmi Financial's EBITDA?
Hanmi Financial (HAFC) had EBITDA of $65.4M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Hanmi Financial's operating margin?
Hanmi Financial (HAFC) had an operating margin of 26.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Hanmi Financial's net profit margin?
Hanmi Financial (HAFC) had a net profit margin of 26.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Hanmi Financial pay dividends?
Yes, Hanmi Financial (HAFC) paid $1.00 per share in dividends during fiscal year 2024.
What is Hanmi Financial's return on equity (ROE)?
Hanmi Financial (HAFC) has a return on equity of 8.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Hanmi Financial's free cash flow?
Hanmi Financial (HAFC) generated $51.3M in free cash flow during fiscal year 2024. This represents a -51.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Hanmi Financial's operating cash flow?
Hanmi Financial (HAFC) generated $53.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Hanmi Financial's total assets?
Hanmi Financial (HAFC) had $7.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Hanmi Financial's capital expenditures?
Hanmi Financial (HAFC) invested $2.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Hanmi Financial buy back shares?
Yes, Hanmi Financial (HAFC) spent $6.3M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Hanmi Financial have outstanding?
Hanmi Financial (HAFC) had 30M shares outstanding as of fiscal year 2024.
What is Hanmi Financial's debt-to-equity ratio?
Hanmi Financial (HAFC) had a debt-to-equity ratio of 9.49 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hanmi Financial's return on assets (ROA)?
Hanmi Financial (HAFC) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Hanmi Financial's Piotroski F-Score?
Hanmi Financial (HAFC) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hanmi Financial's earnings high quality?
Hanmi Financial (HAFC) has an earnings quality ratio of 0.87x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Hanmi Financial cover its interest payments?
Hanmi Financial (HAFC) has an interest coverage ratio of 0.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Hanmi Financial?
Hanmi Financial (HAFC) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.