Hanmi Financial - HAFC STOCK NEWS

Hanmi Financial (NASDAQ: HAFC) has announced a quarterly cash dividend of $0.27 per share for the second quarter of 2025. The dividend will be distributed to shareholders who are registered as stockholders of record at the close of business on May 5, 2025, with the payment scheduled for May 21, 2025.

Hanmi Financial (NASDAQ: HAFC) reported Q1 2025 net income of $17.7 million, or $0.58 per diluted share, unchanged from Q4 2024. The company achieved a return on average assets of 0.94% and return on average equity of 8.92%.

Key highlights include:

• Net interest margin expanded 11 basis points to 3.02%
• Deposits increased 2.9% to $6.62 billion
• Loans receivable grew 0.5% to $6.28 billion
• Loan production reached $345.9 million with 7.35% weighted average interest rate
• Net interest income rose 3.1% to $55.1 million

Credit quality metrics showed nonperforming loans at $35.6 million (0.57% of loans), while the allowance for credit losses was $70.6 million (1.12% of loans). The efficiency ratio improved to 55.69%, marking the best quarterly performance since Q4 2023.

Hanmi Financial (HAFC) has scheduled its first quarter 2025 earnings release and conference call for Tuesday, April 22, 2025. The financial results will be disclosed after market close, followed by a management-hosted conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Investment professionals and shareholders can participate in the live call by dialing 1-877-407-9039 before 2:00 p.m. PT using the access code 'Hanmi Bank'. The call will also be available as a webcast on Hanmi's investor relations website, with replay access approximately one hour after the call.

Hanmi Financial (NASDAQ: HAFC) has announced its upcoming participation in the Piper Sandler Western Bank Forum, scheduled for March 10-11, 2025, in Marina del Rey, CA. Anthony Kim, Chief Banking Officer, and Ron Santarosa, Chief Financial Officer, will represent the company through one-on-one and small group meetings with institutional investors.

The company will make its investor presentation materials accessible through the Investor Relations section on their website at www.hanmi.com.

Hanmi Financial (NASDAQ: HAFC) has announced the appointment of Christine P. Ball to its Board of Directors, effective March 1, 2025. This appointment expands the board to eleven members. Ball joins the Risk, Compliance and Planning Committee, Loan and Credit Policy Committee, and Asset Liability Management Committee.

Ball brings over 20 years of experience in corporate, commercial, and private banking. Her most recent role was Senior Vice President and Deputy Chief Credit Officer at City National Bank in Los Angeles. Previously, she held Senior Vice President positions at Wells Fargo Bank (2008-2013) and Wachovia Bank (2006-2008). Ball holds a B.A. in economics from UC Davis and an M.B.A. in finance from Cornell University.

Hanmi Financial (NASDAQ: HAFC) has announced an 8% increase in its quarterly cash dividend to $0.27 per share for the first quarter of 2025. The dividend will be paid on February 26, 2025, to stockholders of record as of February 10, 2025.

President and CEO Bonnie Lee expressed confidence in Hanmi's financial strength and relationship-driven banking model, citing successful business execution in the previous quarter. The dividend increase demonstrates the Board's commitment to creating shareholder value and optimism about the company's prospects for 2025.

Hanmi Financial (NASDAQ: HAFC) reported Q4 2024 net income of $17.7 million ($0.58 per diluted share), up from $14.9 million ($0.49 per diluted share) in Q3 2024. For the full year 2024, net income was $62.2 million ($2.05 per diluted share), compared to $80.0 million ($2.62 per diluted share) in 2023.

Key Q4 2024 highlights include: net interest margin expansion of 17 basis points to 2.91%, loans receivable at $6.25 billion, and deposits at $6.44 billion (up 0.5% from Q3). Net interest income increased 6.8% to $53.4 million, while credit loss expense decreased to $0.9 million from $2.3 million in Q3.

Asset quality remained strong with nonperforming loans declining 7.9% to $14.3 million (0.23% of loans). The bank's C&I loan portfolio grew 16% for the year, while noninterest-bearing demand deposits grew 5%, representing 33% of total deposits.

Hanmi Financial (NASDAQ: HAFC) has announced its participation in the Janney 5th Annual Bank CEO Forum, scheduled for January 29-30, 2025, in Scottsdale, Arizona. President and CEO Bonnie Lee, along with CFO Ron Santarosa, will conduct one-on-one and small group meetings with institutional investors throughout the event.

The company will make its investor presentation materials available on the Investor Relations section of their website at www.hanmi.com. This forum represents an important opportunity for Hanmi Financial, the parent company of Hanmi Bank, to engage with institutional investors and share their corporate strategy.

Hanmi Financial (Nasdaq: HAFC) has scheduled its fourth quarter 2024 earnings release and conference call for Tuesday, January 28, 2025. The financial results will be announced after market close, followed by a management-hosted conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

Investors, shareholders, and investment professionals can participate in the live call by dialing 1-877-407-9039 using the access code 'Hanmi Bank'. The call will also be available via webcast on Hanmi's investor relations website, with a replay option accessible approximately one hour after the call.