Welcome to our dedicated page for Hanmi Financial news (Ticker: HAFC), a resource for investors and traders seeking the latest updates and insights on Hanmi Financial stock.
Hanmi Financial Corp (NASDAQ: HAFC) is the parent company of Hanmi Bank, a financial institution headquartered in Los Angeles, California. Established in 1982, Hanmi Bank serves the Korean-American and broader multi-ethnic communities through its network of 35 full-service branches and eight loan production offices across several states including California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia.
Focusing primarily on small businesses, Hanmi Bank offers a comprehensive range of financial products and services including commercial and real estate loans, SBA loans, and trade-finance products. The bank's revenue streams are diversified, deriving from interest and fees on loans, interest and dividends on the securities portfolio, service charges on deposit accounts, and sales of SBA loans.
Beyond its traditional banking operations, Hanmi Bank has been actively expanding its footprint through strategic acquisitions and has a robust plan to enter new markets. The bank maintains a strong balance sheet with ample liquidity, high credit quality, stable core deposits, and well-managed expenses, positioning it well to navigate dynamic economic environments.
Recent achievements include the release of the 2023 annual letter to shareholders, highlighting the bank’s ongoing commitment to building trust and providing value. For the first quarter of 2024, Hanmi Financial Corporation reported a net income of $15.2 million, reflecting a solid financial performance despite a slight dip compared to the previous quarter.
Hanmi Financial Corp is dedicated to maintaining and growing its presence in the banking industry, continually enhancing its services to meet the needs of its diverse clientele. For more information, visit the investor relations page of Hanmi’s website at https://investors.hanmi.com/.
Hanmi Financial (NASDAQ: HAFC), the parent company of Hanmi Bank, has announced a cash dividend of $0.25 per share for the third quarter of 2024. The dividend will be paid on August 21, 2024, to stockholders of record as of the close of business on August 5, 2024. This declaration by the Board of Directors demonstrates Hanmi's commitment to returning value to its shareholders and reflects the company's financial stability.
Hanmi Financial (NASDAQ: HAFC), parent of Hanmi Bank, announced its participation in the 25th Annual KBW Community Bank Investor Conference on July 30, 2024, in New York City. Bonnie Lee, President and CEO, and Ron Santarosa, CFO, will host one-on-one and small group meetings with institutional investors throughout the day.
The company will make its investor presentation available on its website at www.hanmi.com in the Investor Relations section. This event provides an opportunity for Hanmi Financial to engage with investors and showcase its financial performance and strategic initiatives.
Hanmi Financial (NASDAQ: HAFC) announced its Q2 2024 financial results. Net income was $14.5M ($0.48/share), down from $15.2M ($0.50/share) in Q1 2024. ROA was 0.77% and ROE was 7.50%, compared to 0.81% and 7.90% in Q1. Though net income declined, business activity improved with a 17% growth in loan production and a rise in demand deposit accounts. Net interest income fell 4.0% to $48.6M, while the net interest margin decreased to 2.69%. Total loans receivable were stable at $6.18B. Deposits declined 0.7% to $6.33B. Noninterest income grew 4.2% to $8.1M, while noninterest expenses fell 3.2% to $35.3M. Asset quality improved, with criticized loans dropping 17.6%. However, nonperforming assets increased to 0.26% of total assets. The allowance for credit losses slightly decreased to $67.7M. As of June 30, 2024, Hanmi maintained a strong balance sheet and capital ratios, positioning it well for future growth.
Hanmi Financial (Nasdaq: HAFC), the holding company for Hanmi Bank, will announce its second quarter 2024 financial results after the market closes on Tuesday, July 23, 2024.
A conference call will be held the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results.
Current and prospective shareholders, along with investment professionals, can join the live call by dialing 1-877-407-9039 using the access code 'Hanmi Bank'.
The webcast and replay will be available on Hanmi’s investor relations page at www.hanmi.com approximately one hour after the call.
Levi & Korsinsky announces a $3,000,000 settlement in the class action lawsuit against Hanmi Financial (NASDAQ: HAFC). The class includes those who bought Hanmi's publicly-traded common stock from August 9, 2018, to April 30, 2020. Eligible shareholders must file a claim by August 7, 2024, to receive a share of the settlement. Levi & Korsinsky, a top securities litigation firm, has secured significant amounts for aggrieved shareholders over the past 20 years. More details and claim forms are available on their website.
Levi & Korsinsky has announced a settlement in the class action lawsuit against Hanmi Financial (NASDAQ: HAFC). The settlement amount is $3 million, available to those who purchased Hanmi common stock between August 9, 2018, and April 30, 2020. Affected shareholders must file a claim form by August 7, 2024, to receive their share. Levi & Korsinsky is not the lead counsel but is informing class members of the deadline. For more information and to file a claim, visit the link provided in the press release.
Hanmi Financial (NASDAQ: HAFC) will participate in the D.A. Davidson 26th Annual Financial Institutions Conference on May 9, 2024, in Colorado Springs, CO. Bonnie Lee, President and CEO, will host meetings with institutional investors. The presentation will be available on the company's website.
Hanmi Financial (Nasdaq: HAFC) celebrated the grand opening of its new Fort Lee, New Jersey branch, replacing the Edison branch. The community event featured local leaders and highlighted the bank's commitment to serving the diverse and growing business community in the area.
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