Hanmi Financial Financials
This page shows Hanmi Financial (HAFC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Hanmi's core mechanic is a leveraged balance sheet that turns slim asset returns into usable shareholder earnings.
In the latest year, revenue nearly returned to its earlier peak at$270.2M , yet operating income was still only$76.1M , showing the business has not recovered its earlier profit shape. The missing piece is higher overhead: operating margin stayed at28.2% versus37.3% at the prior peak, so the rebound came on a less efficient cost base.
With ROA of
Reported cash generation swung much harder than earnings, with operating cash flow at
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Hanmi Financial's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Hanmi Financial passes 6 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Hanmi Financial generates $2.71 in operating cash flow ($206.0M OCF vs $76.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Hanmi Financial earns $0.4 in operating income for every $1 of interest expense ($76.1M vs $174.7M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Hanmi Financial generated $270.2M in revenue in fiscal year 2025. This represents an increase of 15.3% from the prior year.
Hanmi Financial's EBITDA was $79.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 21.4% from the prior year.
Hanmi Financial reported $76.1M in net income in fiscal year 2025. This represents an increase of 22.3% from the prior year.
Hanmi Financial earned $2.51 per diluted share (EPS) in fiscal year 2025. This represents an increase of 22.4% from the prior year.
Cash & Balance Sheet
Hanmi Financial generated $203.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 307.9% from the prior year.
Hanmi Financial held $212.8M in cash against $0 in long-term debt as of fiscal year 2025.
Hanmi Financial paid $1.08 per share in dividends in fiscal year 2025. This represents an increase of 8.0% from the prior year.
Hanmi Financial had 30M shares outstanding in fiscal year 2025. This represents a decrease of 1.0% from the prior year.
Margins & Returns
Hanmi Financial's operating margin was 28.2% in fiscal year 2025, reflecting core business profitability. This is up 1.6 percentage points from the prior year.
Hanmi Financial's net profit margin was 28.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.6 percentage points from the prior year.
Hanmi Financial's ROE was 9.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.
Capital Allocation
Hanmi Financial spent $9.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 48.9% from the prior year.
Hanmi Financial invested $2.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 11.9% from the prior year.
HAFC Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $71.7M+0.8% | $71.2M+0.3% | $71.0M+8.8% | $65.2M+3.8% | $62.8M+3.3% | $60.8M+4.0% | $58.5M+3.2% | $56.7M |
| 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 | $22.0M-2.3% | $22.5M+1.4% | $22.2M+0.4% | $22.1M+5.2% | $21.0M+2.3% | $20.5M-1.7% | $20.9M+2.0% | $20.4M |
| Operating Income | $22.6M+6.2% | $21.2M-3.7% | $22.1M+45.9% | $15.1M-14.5% | $17.7M-0.1% | $17.7M+18.8% | $14.9M+3.1% | $14.5M |
| Interest Expense | $38.9M-7.8% | $42.2M-4.3% | $44.1M-0.1% | $44.2M+0.1% | $44.2M-5.4% | $46.7M-7.4% | $50.4M+0.7% | $50.0M |
| Income Tax | $7.9M-10.8% | $8.9M-5.4% | $9.4M+53.7% | $6.1M-17.8% | $7.4M-2.5% | $7.6M+22.5% | $6.2M+4.0% | $6.0M |
| Net Income | $22.6M+6.2% | $21.3M-3.7% | $22.1M+45.9% | $15.1M-14.5% | $17.7M-0.1% | $17.7M+18.8% | $14.9M+3.1% | $14.5M |
| EPS (Diluted) | $0.75 | N/A | $0.73+46.0% | $0.50-13.8% | $0.58 | N/A | $0.49+2.1% | $0.48 |
HAFC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $7.8B-0.4% | $7.9B+0.2% | $7.9B-0.1% | $7.9B+1.7% | $7.7B+0.7% | $7.7B-0.4% | $7.7B+1.7% | $7.6B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $254.0M+19.4% | $212.8M-1.3% | $215.7M-43.3% | $380.1M+15.5% | $329.0M+7.9% | $304.8M+5.9% | $287.8M-8.1% | $313.1M |
| 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% | $11.0M0.0% | $11.0M-0.3% | $11.0M0.0% | $11.0M0.0% | $11.0M0.0% | $11.0M |
| Total Liabilities | $7.0B-0.5% | $7.1B-0.1% | $7.1B-0.3% | $7.1B+1.7% | $7.0B+0.5% | $6.9B-0.4% | $7.0B+1.4% | $6.9B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | $22.6M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $802.8M+0.8% | $796.4M+2.2% | $779.5M+2.2% | $762.8M+1.5% | $751.5M+2.6% | $732.2M-0.6% | $736.7M+4.2% | $707.1M |
| Retained Earnings | $408.3M+3.5% | $394.3M+3.5% | $381.2M+3.8% | $367.3M+1.9% | $360.3M+2.7% | $350.9M+3.0% | $340.7M+2.2% | $333.4M |
HAFC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $23.9M-54.3% | $52.2M-64.4% | $146.9M+853.2% | -$19.5M-174.0% | $26.4M+91.0% | $13.8M+105.2% | $6.7M+227.9% | $2.1M |
| Capital Expenditures | $499K-45.5% | $915K+63.4% | $560K-1.6% | $569K+116.3% | $263K-68.7% | $840K+287.1% | $217K-71.8% | $769K |
| Free Cash Flow | $23.4M-54.5% | $51.3M-64.9% | $146.4M+829.1% | -$20.1M-176.9% | $26.1M+101.4% | $13.0M+99.1% | $6.5M+407.6% | $1.3M |
| Investing Cash Flow | $58.6M+234.8% | -$43.5M+84.0% | -$271.0M-597.5% | -$38.9M-25.3% | -$31.0M-296.9% | $15.7M+115.1% | -$104.4M-1214.1% | -$7.9M |
| Financing Cash Flow | -$41.3M-256.9% | -$11.6M+71.3% | -$40.3M-136.9% | $109.4M+279.3% | $28.8M+330.6% | -$12.5M-117.3% | $72.4M+15.0% | $62.9M |
| Dividends Paid | $8.4M+3.5% | $8.1M-0.5% | $8.1M-1.5% | $8.3M+1.2% | $8.2M+8.1% | $7.5M-0.3% | $7.6M-0.3% | $7.6M |
| Share Buybacks | $4.8M+145.1% | $2.0M-58.1% | $4.7M+187.7% | $1.6M+44.8% | $1.1M+103.1% | $554K-61.4% | $1.4M-47.5% | $2.7M |
HAFC Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 31.4%+1.6pp | 29.8%-1.3pp | 31.1%+7.9pp | 23.2%-4.9pp | 28.1%-1.0pp | 29.1%+3.6pp | 25.5%-0.0pp | 25.5% |
| Net Margin | 31.4%+1.6pp | 29.8%-1.2pp | 31.1%+7.9pp | 23.2%-4.9pp | 28.1%-1.0pp | 29.1%+3.6pp | 25.5%-0.0pp | 25.5% |
| Return on Equity | 2.8%+0.1pp | 2.7%-0.2pp | 2.8%+0.8pp | 2.0%-0.4pp | 2.4%-0.1pp | 2.4%+0.4pp | 2.0%-0.0pp | 2.0% |
| Return on Assets | 0.3%+0.0pp | 0.3%0.0pp | 0.3%+0.1pp | 0.2%-0.0pp | 0.2%0.0pp | 0.2%+0.0pp | 0.2%0.0pp | 0.2% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 8.76-0.1 | 8.88-0.2 | 9.08-0.2 | 9.31+0.0 | 9.29-0.2 | 9.49+0.0 | 9.47-0.3 | 9.73 |
| FCF Margin | 32.6%-39.5pp | 72.1%-134.1pp | 206.3%+237.0pp | -30.8%-72.3pp | 41.5%+20.2pp | 21.3%+10.2pp | 11.1%+8.9pp | 2.3% |
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Frequently Asked Questions
What is Hanmi Financial's annual revenue?
Hanmi Financial (HAFC) reported $270.2M in total revenue for fiscal year 2025. This represents a 15.3% 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 grew by 15.3% year-over-year, from $234.4M to $270.2M in fiscal year 2025.
Is Hanmi Financial profitable?
Yes, Hanmi Financial (HAFC) reported a net income of $76.1M in fiscal year 2025, with a net profit margin of 28.2%.
What is Hanmi Financial's EBITDA?
Hanmi Financial (HAFC) had EBITDA of $79.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Hanmi Financial's operating margin?
Hanmi Financial (HAFC) had an operating margin of 28.2% in fiscal year 2025, 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 28.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Hanmi Financial pay dividends?
Yes, Hanmi Financial (HAFC) paid $1.08 per share in dividends during fiscal year 2025.
What is Hanmi Financial's return on equity (ROE)?
Hanmi Financial (HAFC) has a return on equity of 9.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Hanmi Financial's free cash flow?
Hanmi Financial (HAFC) generated $203.7M in free cash flow during fiscal year 2025. This represents a 307.9% 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 $206.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Hanmi Financial's total assets?
Hanmi Financial (HAFC) had $7.9B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Hanmi Financial's capital expenditures?
Hanmi Financial (HAFC) invested $2.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Hanmi Financial's debt-to-equity ratio?
Hanmi Financial (HAFC) had a debt-to-equity ratio of 8.88 as of fiscal year 2025, 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 1.0% for fiscal year 2025, 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 6 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 2.71x, considered cash-backed (high 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 0.4x, 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 42 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.