Hanmi Reports 2026 Second Quarter Results

Rhea-AI Summary

Hanmi Financial (NASDAQ: HAFC) reported Q2 2026 net income of $23.5 million, or $0.79 per diluted share, up from $22.6 million, or $0.75, in Q1 2026 and $15.1 million, or $0.50, in Q2 2025. Return on average assets was 1.20% and return on average equity was 11.09%.

Deposits rose 2.3% sequentially to $7.0 billion, with noninterest-bearing deposits increasing to 31% of total. Net interest income grew 1.0% to $63.9 million, while net interest margin slipped two basis points quarter-over-quarter to 3.36% but improved 29 basis points year-over-year. Asset quality remained strong, with nonperforming assets at 0.12% of total assets and nonperforming loans at 0.15% of total loans. Hanmi returned 58% of quarterly earnings via $8.3 million in dividends and $5.2 million of share repurchases, and reported a tangible common equity to tangible assets ratio of 10.03% and tangible book value of $27.04 per share.

Positive

• Net income $23.5m, EPS $0.79; up 4.2% QoQ and $8.4m YoY
• Net interest income $63.9m, up 1.0% QoQ and 11.8% YoY
• Deposits $7.0b, up 2.3% QoQ; noninterest-bearing deposits 31% of total
• Net interest margin 3.36%, down 2 bps QoQ but up 29 bps YoY
• Asset quality strong: NPAs/total assets 0.12%, NPLs/loans 0.15%
• Capital return 58% of earnings: $8.3m dividends, $5.2m buybacks; TCE/TA 10.03%

Negative

• Loan balances $6.54b, down $10.2m sequentially
• Net interest margin declined 2 bps QoQ due to lower FHLB and loan contribution
• Noninterest income $8.3m, down 2.2% QoQ on lower SBA loan sale gains
• Interest expense on deposits $37.8m, up 2.8% QoQ

News Explained

Beyond the reported second-quarter earnings figures, Hanmi said credit-loss expense fell to $1.2 million from $2.9 million in the first quarter, including a $1.3 million loan-loss provision, with the decline attributed to lower net charge-offs.

Market Context

News_id 1043116 was followed by 7.03%, adding a historical earnings benchmark to this quarter's resu...

Analysis

News_id 1043116 was followed by 7.03%, adding a historical earnings benchmark to this quarter's results. The active S-3ASR shelf and net selling are additional sourced context; neither establishes an outcome.

Key Figures

Net income: $23.5 million Diluted EPS: $0.79 Net income growth: 4.2% +5 more

8 metrics

Net income $23.5 million Second quarter of 2026

Diluted EPS $0.79 Second quarter of 2026

Net income growth 4.2% Second quarter versus first quarter of 2026

Return on average equity 11.09% Second quarter of 2026

Deposits $7.0 billion Increased 2.3% from the prior quarter

Net interest margin 3.36% Decreased two basis points from the prior quarter

Nonperforming assets 0.12% Of total assets; improved four basis points from the prior quarter

Shareholder returns $8.3 million dividends and $5.2 million share repurchases Second quarter of 2026

Historical Context

5 past events · Latest: Jul 07 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 07	Earnings date notice	Neutral	-1.8%	Announced second-quarter results release date and conference call details
Apr 23	Dividend declaration	Positive	+0.6%	Declared $0.28-per-share cash dividend payable to shareholders
Apr 21	First-quarter earnings	Positive	+7.0%	Reported $22.6 million net income and improved quarterly operating metrics
Apr 07	Earnings date notice	Neutral	+2.9%	Announced first-quarter results release date and conference call details
Mar 05	Shareholder letter	Positive	-1.4%	Released 2025 annual shareholder letter describing consistent performance

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

HAFC's prior quarterly-results release was followed by a 7.03% gain, while the prior results-date notice was followed by a 1.77% decline.

Key Terms

net interest margin, noninterest-bearing deposits, nonperforming assets, tangible common equity

4 terms

net interest margin financial

"Net interest margin decreased two basis points to 3.36%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

noninterest-bearing deposits financial

"with noninterest-bearing deposits increasing 5.2%"

Noninterest-bearing deposits are bank balances—typically checking accounts and some demand deposits—that do not pay interest to the holder. Think of them as free storage boxes for customer cash: they provide banks with low-cost, stable funding that boosts profit margins because the bank can lend or invest that money without paying the depositor. Investors watch these deposits because higher levels reduce a bank’s funding costs and help its earnings stability.

nonperforming assets financial

"nonperforming assets to total assets was 0.12%"

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

tangible common equity financial

"capital ratios remained healthy with tangible common equity to tangible assets at 10.03%"

Tangible common equity is the portion of a company’s net worth that belongs to ordinary shareholders after removing intangible items (like goodwill or patents) and any preferred claims; it’s often expressed on a per-share basis. Think of it as the hard, sellable value left for common owners if you removed non-physical assets and paid off debts—investors use it to judge how much real cushion a company has and whether the stock might be under- or over-valued.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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LOS ANGELES, July 21, 2026 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today reported financial results for the second quarter of 2026.

Net income for the second quarter of 2026 was $23.5 million, or $0.79 per diluted share, compared with $22.6 million, or $0.75 per diluted share for the first quarter of 2026. The return on average assets for the second quarter was 1.20% and the return on average equity was 11.09%, compared with a return on average assets of 1.18% and a return on average equity of 10.86% for the first quarter of 2026.

CEO Commentary
“Hanmi delivered another quarter of strong earnings growth, reflecting consistent execution across our business,” said Bonnie Lee, President and Chief Executive Officer. “Our capital position remained healthy while returning 58% of earnings to shareholders in the form of dividends and share repurchases. Return on average equity increased to 11.1%, supported by robust deposit growth, solid loan production, lower funding costs, and prudent expense management. Deposits grew 2.3% sequentially, with noninterest-bearing deposits increasing 5.2%, underscoring the strength of our relationship-based banking model and the value of our franchise.”

“Consistent with our strategy, we maintained a steady pace of loan production while continuing to diversify our loan portfolio. Importantly, credit quality remained excellent, reflecting our prudent underwriting standards and disciplined approach to risk management.”

“Based on our strong first-half performance, robust loan and deposit pipelines, and the momentum we are seeing across the business, we remain optimistic about our outlook and are confident in our ability to deliver continued earnings growth and strong financial performance through the second half of 2026,” concluded Lee.

Second Quarter 2026 Highlights:

• Net income was $23.5 million, or $0.79 per diluted share, up 4.2% from the first quarter, driven by continued growth in net interest income and lower credit loss expense.
• Return on average assets and return on average equity during the second quarter were 1.20% and 11.09%, respectively.
• Deposits increased 2.3% to $7.0 billion from the prior quarter and noninterest-bearing demand deposits increased to 31% of total deposits, from 30% for the prior quarter.
• Net interest income increased 1.0% from the prior quarter, driven by the growth in commercial real estate and commercial and industrial lending. The increase was further supported by an improved funding mix, including lower-cost interest-bearing deposits and reduced borrowings.
• Net interest margin decreased two basis points to 3.36%, due primarily to normalization of FHLB dividend income, which elevated interest income in the prior quarter.
• Asset quality remained strong as nonperforming assets to total assets was 0.12%, an improvement of four basis points from the prior quarter, and nonperforming loans to total loans was 0.15%, also an improvement of four basis points from the prior quarter.
• Hanmi returned 58% of second-quarter net earnings to shareholders in the form of $8.3 million in dividends and $5.2 million in share repurchases; capital ratios remained healthy with tangible common equity to tangible assets at 10.03%.⁽¹⁾
  
  

⁽¹⁾ Refer to “Non-GAAP Financial Measures” for further details.

For more information about Hanmi, please see the Q2 2026 Investor Update (and Supplemental Financial Information), which is available on the Bank’s website at www.hanmi.com and via a current report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov. Also, please refer to “Non-GAAP Financial Measures” herein for further details of the presentation of certain non-GAAP financial measures.

Quarterly Highlights
(Dollars in thousands, except per share data)

	As of or for the Three Months Ended																				Amount Change
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,				Q2-26				Q2-26
	2026				2026				2025				2025				2025				vs. Q1-26				vs. Q2-25
Net income	$	23,505			$	22,557			$	21,239			$	22,061			$	15,117			$	948			$	8,388
Net income per diluted common share	$	0.79			$	0.75			$	0.70			$	0.73			$	0.50			$	0.04			$	0.29
Assets	$	8,001,473			$	7,839,227			$	7,869,185			$	7,856,731			$	7,862,363			$	162,246			$	139,110
Loans	$	6,535,312			$	6,545,466			$	6,563,367			$	6,528,259			$	6,305,957			$	(10,154	)		$	229,355
Deposits	$	6,955,342			$	6,800,622			$	6,677,650			$	6,766,639			$	6,729,122			$	154,720			$	226,220
Return on average assets		1.20	%			1.18	%			1.07	%			1.12	%			0.79	%			0.02				0.41
Return on average stockholders’ equity		11.09	%			10.86	%			10.14	%			10.69	%			7.48	%			0.23				3.61
Net interest margin		3.36	%			3.38	%			3.28	%			3.22	%			3.07	%			-0.02				0.29
Efficiency ratio(1)		54.07	%			53.48	%			54.95	%			52.65	%			55.74	%			0.59				-1.67
Tangible common equity to tangible assets(2)		10.03	%			10.11	%			9.99	%			9.80	%			9.58	%			-0.08				0.45
Tangible common equity per common share(2)	$	27.04			$	26.56			$	26.27			$	25.64			$	24.91				0.48				2.13
(1 )Noninterest expense divided by net interest income plus noninterest income.
(2) Refer to “Non-GAAP Financial Measures” for further details.

Results of Operations
Net interest income increased $0.7 million, or 1.0%, to $63.9 million for the second quarter of 2026, from $63.2 million for the first quarter. This increase was principally due to higher interest income on loans, which increased by $0.9 million from the first quarter, as well as a $0.8 million increase in interest income from securities and interest-bearing deposits in other institutions. Interest expense on deposits, however, increased by $1.0 million from the first quarter.

Net interest margin (taxable equivalent) declined by two basis points to 3.36%, from 3.38% for the first quarter of 2026. This decline was driven by lower contributions from loans and FHLB stock, with unfavorable impacts of five basis points and three basis points, respectively, compared to the first quarter. Partially offsetting the decline were higher contributions from borrowings and interest-bearing deposits, with favorable impacts of three basis points each.

While the average yield on loans for the second quarter remained unchanged at 5.90%, the average balance of loans for the second quarter was $6.44 billion, up 0.1% from the previous quarter. The cost of interest-bearing deposits for the second quarter was 3.17%, down three basis points from the first quarter, and the average balance of interest-bearing deposits was $4.78 billion, up 2.7% from the previous quarter. The ratio of average loans to average deposits for the second quarter was 95.5%, compared with 97.5% for the previous quarter.

	For the Three Months Ended (in thousands)																				Percentage Change
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,				Q2-26				Q2-26
Net Interest Income	2026				2026				2025				2025				2025				vs. Q1-26				vs. Q2-25
Interest and fees on loans(1)	$	94,808			$	93,866			$	96,592			$	95,691			$	92,589				1.0	%			2.4	%
Interest on securities		6,337				5,959				6,323				6,592				6,261				6.3	%			1.2	%
Dividends on FHLB stock		219				831				361				357				354				-73.6	%			-38.1	%
Interest on deposits in other banks		1,958				1,496				1,837				2,586				2,129				30.9	%			-8.0	%
Total interest and dividend income	$	103,322			$	102,152			$	105,113			$	105,226			$	101,333				1.1	%			2.0	%
Interest on deposits		37,774				36,738				39,978				42,244				41,924				2.8	%			-9.9	%
Interest on borrowings		154				676				695				324				684				-77.2	%			-77.5	%
Interest on subordinated debentures		1,537				1,535				1,561				1,579				1,586				0.1	%			-3.1	%
Total interest expense		39,465				38,949				42,234				44,147				44,194				1.3	%			-10.7	%
Net interest income	$	63,857			$	63,203			$	62,879			$	61,079			$	57,139				1.0	%			11.8	%
(1)Includes loans held for sale.

	For the Three Months Ended (in thousands)																				Percentage Change
Average Earning Assets and Interest-bearing	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,				Q2-26				Q2-26
Liabilities	2026				2026				2025				2025				2025				vs. Q1-26				vs. Q2-25
Loans(1)	$	6,441,853			$	6,434,316			$	6,456,239			$	6,304,435			$	6,257,741				0.1	%			2.9	%
Securities		950,786				921,065				955,811				985,888				993,975				3.2	%			-4.3	%
FHLB stock		16,385				16,385				16,385				16,385				16,385				0.0	%			0.0	%
Interest-bearing deposits in other banks		221,361				171,953				191,731				239,993				200,266				28.7	%			10.5	%
Average interest-earning assets	$	7,630,385			$	7,543,719			$	7,620,166			$	7,546,701			$	7,468,367				1.1	%			2.2	%
Demand: interest-bearing	$	81,682			$	74,963			$	77,297			$	86,839			$	81,308				9.0	%			0.5	%
Money market and savings		2,056,148				2,063,186				2,130,616				2,122,967				2,109,221				-0.3	%			-2.5	%
Time deposits		2,646,480				2,522,505				2,506,582				2,494,285				2,434,659				4.9	%			8.7	%
Average interest-bearing deposits		4,784,310				4,660,654				4,714,495				4,704,091				4,625,188				2.7	%			3.4	%
Borrowings		15,330				69,388				64,565				27,772				60,134				-77.9	%			-74.5	%
Subordinated debentures		130,695				130,541				130,385				130,766				130,880				0.1	%			-0.1	%
Average interest-bearing liabilities	$	4,930,335			$	4,860,583			$	4,909,445			$	4,862,629			$	4,816,202				1.4	%			2.4	%
Average Noninterest Bearing Deposits
Demand deposits - noninterest bearing	$	1,963,242			$	1,937,628			$	1,969,908			$	1,960,331			$	1,934,985				1.3	%			1.5	%
(1)Includes loans held for sale.

	For the Three Months Ended																				Yield/Rate Change
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,				Q2-26				Q2-26
Average Yields and Rates	2026				2026				2025				2025				2025				vs. Q1-26				vs. Q2-25
Loans(1)		5.90	%			5.90	%			5.94	%			6.03	%			5.93	%			0.00				-0.03
Securities(2)		2.69	%			2.62	%			2.67	%			2.70	%			2.55	%			0.07				0.14
FHLB stock		5.36	%			20.56	%			8.75	%			8.65	%			8.65	%			-15.20				-3.29
Interest-bearing deposits in other banks		3.55	%			3.53	%			3.80	%			4.27	%			4.26	%			0.02				-0.71
Interest-earning assets		5.43	%			5.48	%			5.48	%			5.54	%			5.44	%			-0.05				-0.01
Interest-bearing deposits		3.17	%			3.20	%			3.36	%			3.56	%			3.64	%			-0.03				-0.47
Borrowings		4.06	%			3.94	%			4.27	%			4.63	%			4.58	%			0.12				-0.52
Subordinated debentures		4.70	%			4.70	%			4.79	%			4.83	%			4.84	%			0.00				-0.14
Interest-bearing liabilities		3.21	%			3.25	%			3.41	%			3.60	%			3.68	%			-0.04				-0.47
Net interest margin (taxable equivalent basis)		3.36	%			3.38	%			3.28	%			3.22	%			3.07	%			-0.02				0.29
Cost of deposits		2.25	%			2.26	%			2.37	%			2.51	%			2.56	%			-0.01				-0.31
(1)Includes loans held for sale.
(2)Amounts calculated on a fully taxable equivalent basis using the federal tax rate in effect for the periods presented.

Credit loss expense for the second quarter of 2026 was $1.2 million, compared with $2.9 million for the first quarter. The $1.7 million decline was due to lower net charge-offs during the second quarter. Credit loss expense during the second quarter included a $1.3 million provision for loan losses and a negative provision of $0.1 million for off-balance sheet items. First-quarter credit loss expense included a $3.2 million provision for loan losses and a negative provision of $0.3 million for off-balance sheet items.

Noninterest income was $8.3 million, down 2.2% from $8.5 million for the first quarter of 2026, primarily due to a $0.8 million decrease in gain on sales of SBA loans. The gain was $1.3 million for the second quarter of 2026, compared with $2.1 million for the first quarter of 2026. The decrease in gain on sales of SBA loans was partially offset by a $0.4 million increase in trade finance and other service charges and fees and modest increases in the other noninterest income categories.

The volume of SBA loans sold for the second quarter of 2026 decreased to $20.9 million from $32.5 million for the first quarter, while trade premiums increased to 7.92% from 7.88% for the first quarter. Residential mortgage loans sold for the second quarter were $30.6 million with a premium of 2.00%, compared with $31.7 million and 2.50% for the first quarter. The gain on sales of residential mortgage loans was $0.4 million for the second quarter, compared with $0.5 million for the first quarter.

	For the Three Months Ended (in thousands)																				Percentage Change
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,				Q2-26				Q2-26
Noninterest Income	2026				2026				2025				2025				2025				vs. Q1-26				vs. Q2-25
Service charges on deposit accounts	$	2,102			$	2,127			$	2,196			$	2,160			$	2,169				-1.2	%			-3.1	%
Trade finance and other service charges and fees		1,902				1,501				1,735				1,551				1,461				26.7	%			30.2	%
Servicing income		955				870				924				924				754				9.8	%			26.7	%
Bank-owned life insurance income		799				610				315				1,259				708				31.0	%			12.9	%
All other operating income		915				844				758				973				819				8.4	%			11.7	%
Service charges, fees & other		6,673				5,952				5,928				6,867				5,911				12.1	%			12.9	%
Gain on sale of SBA loans		1,318				2,102				1,790				1,857				2,160				-37.3	%			-39.0	%
Gain on sale of residential mortgage loans		357				485				581				1,156				—				-26.4	%			—
Total noninterest income	$	8,348			$	8,539			$	8,299			$	9,880			$	8,071				-2.2	%			3.4	%

Noninterest expense was $39.0 million for the second quarter of 2026, up 1.7% from $38.4 million for the first quarter, primarily due to a $0.8 million increase in salaries and employee benefits and a $0.4 million increase in other real estate owned (OREO) expense. Salaries and employee benefits increased because of the additional business day in the second quarter and annual merit increases, while the increase in OREO expense reflected the absence of the first-quarter gain on sale of OREO. These increases were partially offset by a $0.8 million decrease in professional fees that were attendant to the first-quarter resolution of several administrative items. The efficiency ratio increased to 54.07% for the second quarter, compared with 53.48% for the previous quarter.

	For the Three Months Ended (in thousands)																				Percentage Change
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,				Q2-26				Q2-26
	2026				2026				2025				2025				2025				vs. Q1-26				vs. Q2-25
Noninterest Expense
Salaries and employee benefits	$	22,784			$	21,956			$	22,472			$	22,163			$	22,069				3.8	%			3.2	%
Occupancy and equipment		4,383				4,414				4,339				4,507				4,344				-0.7	%			0.9	%
Data processing		4,555				4,386				4,098				3,860				3,727				3.9	%			22.2	%
Professional fees		1,997				2,780				2,343				1,978				1,725				-28.2	%			15.8	%
Supplies and communication		491				556				573				423				515				-11.7	%			-4.7	%
Advertising and promotion		679				688				1,010				712				798				-1.3	%			-14.9	%
All other operating expenses		4,103				3,849				3,795				3,665				3,567				6.6	%			15.0	%
Subtotal		38,992				38,629				38,630				37,308				36,745				0.9	%			6.1	%
Other real estate owned expense (income)		6				(345	)			474				17				(461	)			101.7	%			101.3	%
Repossessed personal property expense (income)		41				84				5				32				63				-51.2	%			-34.9	%
Total noninterest expense	$	39,039			$	38,368			$	39,109			$	37,357			$	36,347				1.7	%			7.4	%

The effective tax rate was 26.5% for the second quarter of 2026, compared with 26.0% for the first quarter of 2026.

Financial Position
Total assets at June 30, 2026 increased 2.1%, or $162.2 million, to $8.00 billion from $7.84 billion at March 31, 2026. This increase was due primarily to a $77.2 million increase in cash and due from banks, a $60.9 million increase in securities available for sale, and a $21.3 million increase in prepaid expenses and other assets. The increase in prepaid expenses and other assets was primarily due to estimated income tax payments made during the second quarter.

Total loans, excluding the allowance for credit losses and loans held for sale, were $6.54 billion at June 30, 2026, down 0.2% from $6.55 billion at March 31, 2026.

Loans held for sale were $17.0 million at June 30, 2026, up from $4.9 million at March 31, 2026. At the end of the second quarter, loans held for sale consisted of $12.0 million representing the guaranteed portion of SBA 7(a) loans and $5.0 million of residential mortgage loans.

	As of (in thousands)																				Percentage Change
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,				Q2-26				Q2-26
	2026				2026				2025				2025				2025				vs. Q1-26				vs. Q2-25
Loan Portfolio
Commercial real estate loans	$	4,022,320			$	3,998,144			$	4,030,105			$	4,015,291			$	3,948,922				0.6	%			1.9	%
Residential/consumer loans		978,881				1,002,223				1,049,872				1,043,577				993,869				-2.3	%			-1.5	%
Commercial and industrial loans		1,171,272				1,152,544				1,074,907				1,052,522				917,995				1.6	%			27.6	%
Equipment finance		362,839				392,555				408,483				416,869				445,171				-7.6	%			-18.5	%
Total loans held for investment		6,535,312				6,545,466				6,563,367				6,528,259				6,305,957				-0.2	%			3.6	%
Loans held for sale		16,969				4,932				7,403				6,512				49,611				244.1	%			-65.8	%
Total loans	$	6,552,281			$	6,550,398			$	6,570,770			$	6,534,771			$	6,355,568				0.0	%			3.1	%

	As of
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,
	2026				2026				2025				2025				2025
Composition of Loan Portfolio
Commercial real estate loans		61.4	%			61.0	%			61.3	%			61.4	%			62.2	%
Residential/consumer loans		14.9	%			15.3	%			16.0	%			16.0	%			15.6	%
Commercial and industrial loans		17.9	%			17.6	%			16.4	%			16.1	%			14.4	%
Equipment finance		5.5	%			6.0	%			6.2	%			6.4	%			7.0	%
Total loans held for investment		99.7	%			99.9	%			99.9	%			99.9	%			99.2	%
Loans held for sale		0.3	%			0.1	%			0.1	%			0.1	%			0.8	%
Total loans		100.0	%			100.0	%			100.0	%			100.0	%			100.0	%

New loan production was $371.9 million for the second quarter of 2026 at an average rate of 6.59%, while payoffs were $156.4 million at an average rate of 6.39%.

	For the Three months Ended (in thousands)
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,
	2026				2026				2025				2025				2025
New Loan Production
Commercial real estate loans	$	170,080			$	131,426			$	125,866			$	176,826			$	111,993
Residential/consumer loans		50,010				29,074				70,268				103,247				83,761
Commercial and industrial loans		89,227				134,717				82,079				211,454				53,444
SBA loans		37,109				40,652				44,065				44,931				46,829
Equipment finance		25,450				42,051				52,521				34,315				33,567
Subtotal		371,876				377,920				374,799				570,773				329,594
Payoffs		(156,407	)			(198,936	)			(123,086	)			(142,963	)			(119,139	)
Amortization		(121,208	)			(133,396	)			(133,992	)			(60,939	)			(151,357	)
Loan sales		(54,761	)			(64,690	)			(63,642	)			(100,452	)			(35,388	)
Net line utilization		(47,762	)			4,373				(16,072	)			(39,497	)			12,435
Charge-offs & OREO		(1,892	)			(3,172	)			(2,899	)			(4,620	)			(12,377	)
Loans held for investment-beginning balance		6,545,466				6,563,367				6,528,259				6,305,957				6,282,189
Loans held for investment-ending balance	$	6,535,312			$	6,545,466			$	6,563,367			$	6,528,259			$	6,305,957

Deposits were $6.96 billion at the end of the second quarter of 2026, up $154.7 million, or 2.3%, from $6.80 billion at the end of the prior quarter. Driving the increase was a $104.7 million increase in noninterest-bearing deposits and a $54.4 million increase in time deposits over $250,000. Noninterest-bearing demand deposits represented 30.7% of total deposits at June 30, 2026 and the loan-to-deposit ratio was 94.0%.

	As of (in thousands)																				Percentage Change
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,				Q2-26				Q2-26
	2026				2026				2025				2025				2025				vs. Q1-26				vs. Q2-25
Deposit Portfolio
Demand: noninterest-bearing	$	2,135,418			$	2,030,743			$	2,015,212			$	2,087,132			$	2,105,369				5.2	%			1.4	%
Demand: interest-bearing		80,783				78,341				74,799				86,834				90,172				3.1	%			-10.4	%
Money market and savings		2,084,572				2,116,073				2,084,218				2,094,028				2,092,847				-1.5	%			-0.4	%
Time deposits $250,000 and less		1,314,544				1,318,250				1,277,382				1,235,755				1,198,472				-0.3	%			9.7	%
Core deposits		5,615,317				5,543,407				5,451,611				5,503,749				5,486,860				1.3	%			2.3	%
Time deposits over $250,000		1,073,083				1,018,712				987,536				1,024,378				1,006,750				5.3	%			6.6	%
State of California time deposits		180,000				150,000				150,000				150,000				150,000				20.0	%			20.0	%
Brokered time deposits		86,942				88,503				88,503				88,512				85,512				-1.8	%			1.7	%
Total deposits	$	6,955,342			$	6,800,622			$	6,677,650			$	6,766,639			$	6,729,122				2.3	%			3.4	%

	As of
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,
	2026				2026				2025				2025				2025
Composition of Deposit Portfolio
Demand: noninterest-bearing		30.7	%			29.9	%			30.2	%			30.8	%			31.3	%
Demand: interest-bearing		1.2	%			1.1	%			1.1	%			1.3	%			1.3	%
Money market and savings		29.9	%			31.1	%			31.2	%			31.0	%			31.1	%
Time deposits $250,000 and less		18.9	%			19.4	%			19.1	%			18.3	%			17.8	%
Core deposits		80.7	%			81.5	%			81.6	%			81.4	%			81.5	%
Time deposits over $250,000		15.4	%			15.0	%			14.9	%			15.1	%			15.0	%
State of California time deposits		2.6	%			2.2	%			2.2	%			2.2	%			2.2	%
Brokered time deposits		1.3	%			1.3	%			1.3	%			1.3	%			1.3	%
Total deposits		100.0	%			100.0	%			100.0	%			100.0	%			100.0	%

Stockholders’ equity at June 30, 2026 was $812.7 million, up $9.9 million, or 1.2%, from $802.8 million at March 31, 2026. Offsetting the increase to stockholders’ equity from second quarter net income of $23.5 million were dividends of $8.3 million, share repurchases of $5.2 million, which included $0.4 million in purchases of vested employee stock in respect of Hanmi's equity compensation programs, and a $1.0 million increase in unrealized after-tax losses on securities available for sale. During the second quarter, under its share repurchase program, Hanmi repurchased 160,000 shares of common stock at an average price of $30.24. As of June 30, 2026, there were 1.99 million shares available under the share repurchase program. In addition to the share repurchase program, Hanmi purchased 15,134 shares of common stock surrendered by employees to satisfy their tax liabilities upon the second-quarter vesting of their equity compensation awards.

Tangible common equity per share at the end of the second quarter of 2026 was $27.04, up 1.8% from $26.56 at the end of the first quarter. Please refer to the Non-GAAP Financial Measures section below for more information.

Hanmi and the Bank exceeded minimum regulatory capital requirements, and the Bank continued to exceed the minimum for the “well capitalized” category.

	As of																				Ratio Change
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,				Q2-26				Q2-26
	2026				2026				2025				2025				2025				vs. Q1-26				vs. Q2-25
Regulatory Capital ratios(1)
Hanmi Financial
Total risk-based capital		15.29	%			15.22	%			15.06	%			15.05	%			15.20	%			0.07				0.09
Tier 1 risk-based capital		12.61	%			12.52	%			12.37	%			12.33	%			12.46	%			0.09				0.15
Common equity tier 1 capital		12.28	%			12.20	%			12.05	%			12.00	%			12.12	%			0.08				0.16
Tier 1 leverage capital ratio		10.94	%			10.93	%			10.70	%			10.64	%			10.63	%			0.01				0.31
Hanmi Bank
Total risk-based capital		14.48	%			14.45	%			14.25	%			14.28	%			14.39	%			0.03				0.09
Tier 1 risk-based capital		13.40	%			13.37	%			13.17	%			13.20	%			13.32	%			0.03				0.08
Common equity tier 1 capital		13.40	%			13.37	%			13.17	%			13.20	%			13.32	%			0.03				0.08
Tier 1 leverage capital ratio		11.71	%			11.74	%			11.47	%			11.46	%			11.43	%			-0.03				0.28
(1) Preliminary ratios for June 30, 2026

Asset Quality 

	As of or for the Three Months Ended (in thousands)																				Amount Change
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,				Q2-26				Q2-26
	2026				2026				2025				2025				2025				vs. Q1-26				vs. Q2-25
Nonperforming Loans and Assets
Delinquent loans:
Loans, 30 to 89 days past due and still accruing	$	32,773			$	13,274			$	17,610			$	11,560			$	10,953			$	19,499			$	21,820
Nonperforming assets:
Nonaccrual loans	$	9,931			$	12,420			$	18,112			$	19,369			$	25,967			$	(2,489	)		$	(16,036	)
Loans 90 days or more past due and still accruing		—				—				—				—				—				—				—
Nonperforming loans		9,931				12,420				18,112				19,369				25,967				(2,489	)			(16,036	)
Other real estate owned, net		—				—				1,980				1,995				—				—				—
Nonperforming assets(1)	$	9,931			$	12,420			$	20,092			$	21,364			$	25,967			$	(2,489	)		$	(16,036	)
Delinquent loans to total loans		0.50	%			0.20	%			0.27	%			0.18	%			0.17	%			0.30				0.33
Nonperforming loans to total loans		0.15	%			0.19	%			0.28	%			0.30	%			0.41	%			-0.04				-0.26
Nonperforming assets to total assets		0.12	%			0.16	%			0.26	%			0.27	%			0.33	%			-0.04				-0.21
(1)Excludes repossessed personal property of $0.3 million, $0.3 million, $0.6 million, $0.4 million, and $0.6 million as of Q2-26, Q1-26, Q4-25, Q3-25, and Q2-25, respectively.

Loans 30 to 89 days past due and still accruing were $32.8 million, or 0.50% of loans, at the end of the second quarter of 2026, compared with $13.3 million, or 0.20% of loans, at the end of the first quarter of 2026. The $19.5 million increase was primarily due to a $21.2 million commercial real estate loan, identified as special mention in the first quarter, that became delinquent during the second quarter.

Nonaccrual loans were $9.9 million, or 0.15% of loans, at June 30, 2026, compared with $12.4 million, or 0.19% of loans, at March 31, 2026. The decrease for the second quarter reflects the sale of a $3.2 million commercial real estate loan on nonaccrual status and $1.6 million of equipment finance agreement charge-offs, partially offset by $2.9 million of new nonaccrual loans and equipment finance agreements.

Nonperforming assets were $9.9 million, or 0.12% of total assets, at June 30, 2026, compared with $12.4 million, or 0.16% of total assets, at March 31, 2026. The decline reflects the changes described in the above paragraph.

	As of (in thousands)																				Amount Change
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,				Q2-26				Q2-26
	2026				2026				2025				2025				2025				vs. Q1-26				vs. Q2-25
Criticized Loans
Special mention	$	68,198			$	93,682			$	71,113			$	16,775			$	12,700			$	(25,484	)		$	55,498
Classified		45,748				22,736				25,891				28,590				33,857				23,012				11,891
Total criticized loans(1)	$	113,946			$	116,418			$	97,004			$	45,365			$	46,557			$	(2,472	)		$	67,389
Criticized loans to total loans		1.74	%			1.78	%			1.48	%			0.69	%			0.74	%			-0.04				1.00
(1)Includes nonaccrual loans of $9.9 million, $12.4 million, $18.1 million, $19.4 million, and $24.1 million as of Q2-26, Q1-26, Q4-25, Q3-25, and Q2-25, respectively.

Criticized loans were $113.9 million for the second quarter of 2026, compared with $116.4 million for the first quarter of 2026. This $2.5 million decrease in criticized loans included a $25.5 million decrease for special mention loans, partially offset by a $23.0 million increase for classified loans. Both the special mention decrease and classified increase were primarily due to the downgrade of three special mention loans totaling $23.6 million to the classified category, which included the previously mentioned $21.2 million commercial real estate loan.

There were no transfers of criticized loans into other-real-estate-owned during the second quarter of 2026. As a percent of total loans, criticized loans were 1.74% as of June 30, 2026, compared with 1.78% as of March 31, 2026.

	As of or for the Three Months Ended (in thousands)
	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,
	2026				2026				2025				2025				2025
Allowance for credit losses related to loans:
Balance at beginning of period	$	70,468			$	69,903			$	69,781			$	66,756			$	70,597
Credit loss expense (recovery) on loans		1,271				3,163				1,701				2,543				7,523
Net loan (charge-offs) recoveries		(1,264	)			(2,598	)			(1,579	)			482				(11,364	)
Balance at end of period	$	70,475			$	70,468			$	69,903			$	69,781			$	66,756
Net loan charge-offs (recoveries) to average loans(1)		0.08	%			0.16	%			0.10	%			-0.03	%			0.73	%
Allowance for credit losses to loans		1.08	%			1.08	%			1.07	%			1.07	%			1.06	%
Allowance for credit losses related to off-balance sheet items:
Balance at beginning of period	$	2,078			$	2,349			$	2,107			$	2,506			$	2,399
Credit loss expense (recovery) on off-balance sheet items		(85	)			(271	)			242				(399	)			107
Balance at end of period	$	1,993			$	2,078			$	2,349			$	2,107			$	2,506
Unused commitments to extend credit	$	946,544			$	891,594			$	930,122			$	952,475			$	915,847
(1)Annualized

The allowance for credit losses was $70.5 million, or 1.08% of loans, at both June 30 and March 31, 2026. Collectively evaluated allowances increased $0.6 million, while specific allowances decreased $0.6 million.

Gross charge-offs for the second quarter of 2026 were $1.9 million, compared with $3.2 million for the preceding quarter. Charge-offs during the second quarter included $1.6 million of equipment financing agreements. Recoveries of previously charged off loans were $0.6 million, substantially all of which were equipment financing agreements. As a result, there were $1.3 million of net charge-offs for the second quarter of 2026, or 0.08% of loans (annualized), compared with $2.6 million, or 0.16% of loans, for the first quarter of 2026.

Corporate Developments
On April 23, 2026, Hanmi’s Board of Directors declared a cash dividend on its common stock of $0.28 per share for the 2026 second quarter. Hanmi paid the dividend on May 20, 2026, to stockholders of record as of the close of business on May 4, 2026.

Earnings Conference Call        
Hanmi Bank will host its second quarter 2026 earnings conference call today, July 21, 2026, at 2:00 p.m. PST (5:00 p.m. EST) to discuss these results. This call will also be webcast. To access the call, please dial 1-877-407-9039 before 2:00 p.m. PST, using access code Hanmi Bank. To listen to the call online, either live or archived, please visit Hanmi’s Investor Relations website at https://investors.hanmi.com/ where it will also be available for replay approximately one hour following the call.

About Hanmi Financial Corporation
Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches and eight loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington and Georgia. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at www.hanmi.com.

Forward-Looking Statements
This press release contains forward-looking statements, which are included in accordance with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are “forward–looking statements” for purposes of federal and state securities laws, including, but not limited to, statements about our anticipated future operating and financial performance, financial position and liquidity, business strategies, regulatory and competitive outlook, investment and expenditure plans, capital and financing needs and availability, plans and objectives of management for future operations, developments regarding our capital and strategic plans, and other similar forecasts and statements of expectation and statements of assumption underlying any of the foregoing. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of such terms and other comparable terminology. Although we believe that our forward-looking statements to be reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ from those expressed or implied by the forward-looking statements. These factors include the following:

• a failure to maintain adequate levels of capital and liquidity to support our operations;
• general economic and business conditions internationally, nationally and in those areas in which we operate, including any potential recessionary conditions;
• volatility and deterioration in the credit and equity markets;
• changes in investor sentiment or consumer spending, borrowing and savings habits;
• availability of capital from private and government sources;
• demographic changes;
• competition for loans and deposits and failure to attract or retain loans and deposits;
• inflation and fluctuations in interest rates that reduce our margins and yields, the fair value of financial instruments, the level of loan originations or prepayments on loans we have made and make, the level of loan sales and the cost we pay to retain and attract deposits and secure other types of funding;
• our ability to enter new markets successfully and capitalize on growth opportunities;
• the current or anticipated impact of military conflict, terrorism or other geopolitical events;
• the effect of potential future supervisory action against us or Hanmi Bank and our ability to address any issues raised in our regulatory exams;
• risks of natural disasters;
• legal proceedings and litigation brought against us;
• risks associated with cybersecurity threats, data breaches, ransomware attacks, or other failures in our operational or security systems and infrastructure, including the risks arising from our dependence on third-party service providers and vendors;
• failure to maintain current technologies;
• risks associated with Small Business Administration loans;
• failure to attract, develop, or retain key employees;
• our ability to access cost-effective funding;
• the imposition of tariffs or other domestic or international governmental policies, trade restrictions, and any retaliatory measures impacting our borrowers and the broader economy;
• the impact of a potential federal government shutdown, which may impact on our ability to effect sales of Small Business Administration loans or debt ceiling impasses or fiscal uncertainty;
• changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio;
• fluctuations in real estate values;
• changes in accounting policies and practices;
• changes in governmental regulation, including, but not limited to, any increase in FDIC insurance premiums and changes in the monetary policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System;
• the ability of Hanmi Bank to make distributions to Hanmi Financial Corporation, which is restricted by certain factors, including Hanmi Bank’s retained earnings, net income, prior distributions made, and certain other financial tests;
• strategic transactions we may enter into, including the costs associated with the evaluation of any strategic opportunities and the overall effects of any acquisitions or dispositions we may make;
• the adequacy of and changes in the economic assumptions and methodology for computing our allowance for credit losses;
• our credit quality and the effect of credit quality on our credit losses expense and allowance for credit losses;
• changes in the financial performance and/or condition of our borrowers and the ability of our borrowers to perform under the terms of their loans and other terms of credit agreements;
• our ability to control expenses;
• the inability of third-party service providers to perform their obligations to us; and
• the ability of the Company to withstand disruptions that may be caused by any failure of the operational systems of third parties.

In addition, we set forth certain risks in our reports filed with the U.S. Securities and Exchange Commission, including, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025, our Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K that we will file hereafter, which could cause actual results to differ from those projected. We undertake no obligation to update such forward-looking statements except as required by law.

Investor Contacts:
Romolo (Ron) Santarosa
Senior Executive Vice President & Chief Financial Officer
213-427-5636

Lisa Fortuna
Investor Relations
Financial Profiles, Inc.
lfortuna@finprofiles.com
310-622-8251

Hanmi Financial Corporation and Subsidiaries
Consolidated Balance Sheets (Unaudited)
(Dollars in thousands)

	June 30,				March 31,				Percentage				June 30,				Percentage
	2026				2026				Change				2025				Change
Assets
Cash and due from banks	$	331,206			$	254,045				30.4	%		$	380,050				-12.9	%
Securities available for sale, at fair value		896,610				835,725				7.3	%			918,094				-2.3	%
Loans held for sale, at the lower of cost or fair value		16,969				4,932				244.1	%			49,611				-65.8	%
Loans, net of allowance for credit losses		6,464,837				6,474,998				-0.2	%			6,239,201				3.6	%
Accrued interest receivable		24,613				23,320				5.5	%			23,749				3.6	%
Premises and equipment, net		20,251				20,015				1.2	%			20,607				-1.7	%
Customers’ liability on acceptances		116				—				—				214				-45.8	%
Servicing assets		6,419				6,535				-1.8	%			6,420				0.0	%
Goodwill and other intangible assets, net		11,031				11,031				0.0	%			11,031				0.0	%
Federal Home Loan Bank (“FHLB”) stock, at cost		16,385				16,385				0.0	%			16,385				0.0	%
Bank-owned life insurance		56,048				56,534				-0.9	%			56,985				-1.6	%
Prepaid expenses and other assets		156,988				135,707				15.7	%			140,016				12.1	%
Total assets	$	8,001,473			$	7,839,227				2.1	%		$	7,862,363				1.8	%
Liabilities and Stockholders’ Equity
Liabilities:
Deposits:
Noninterest-bearing	$	2,135,418			$	2,030,743				5.2	%		$	2,105,369				1.4	%
Interest-bearing		4,819,924				4,769,879				1.0	%			4,623,753				4.2	%
Total deposits		6,955,342				6,800,622				2.3	%			6,729,122				3.4	%
Accrued interest payable		27,530				30,592				-10.0	%			30,567				-9.9	%
Bank's liability on acceptances		116				—				—				214				-45.8	%
Borrowings		—				—				0.0	%			127,500				-100.0	%
Subordinated debentures		130,773				130,618				0.1	%			130,960				-0.1	%
Accrued expenses and other liabilities		75,032				74,576				0.6	%			81,166				-7.6	%
Total liabilities		7,188,793				7,036,408				2.2	%			7,099,529				1.3	%
Stockholders’ equity:
Common stock		34				34				0.0	%			34				0.0	%
Additional paid-in capital		596,303				595,374				0.2	%			592,825				0.6	%
Accumulated other comprehensive (loss)		(46,552	)			(45,553	)			2.2	%			(54,511	)			-14.6	%
Retained earnings		423,499				408,327				3.7	%			367,251				15.3	%
Less treasury stock		(160,604	)			(155,363	)			3.4	%			(142,765	)			12.5	%
Total stockholders’ equity		812,680				802,819				1.2	%			762,834				6.5	%
Total liabilities and stockholders’ equity	$	8,001,473			$	7,839,227				2.1	%		$	7,862,363				1.8	%

Hanmi Financial Corporation and Subsidiaries 
Consolidated Statements of Income (Unaudited)
(Dollars in thousands, except share and per share data)

	Three Months Ended
	June 30,				March 31,				Percentage				June 30,				Percentage
	2026				2026				Change				2025				Change
Interest and dividend income:
Interest and fees on loans	$	94,808			$	93,866				1.0	%		$	92,589				2.4	%
Interest on securities		6,337				5,959				6.3	%			6,261				1.2	%
Dividends on FHLB stock		219				831				-73.6	%			354				-38.1	%
Interest on deposits in other banks		1,958				1,496				30.9	%			2,129				-8.0	%
Total interest and dividend income		103,322				102,152				1.1	%			101,333				2.0	%
Interest expense:
Interest on deposits		37,774				36,738				2.8	%			41,924				-9.9	%
Interest on borrowings		154				676				-77.2	%			684				-77.5	%
Interest on subordinated debentures		1,537				1,535				0.1	%			1,586				-3.1	%
Total interest expense		39,465				38,949				1.3	%			44,194				-10.7	%
Net interest income before credit loss expense		63,857				63,203				1.0	%			57,139				11.8	%
Credit loss expense		1,186				2,892				-59.0	%			7,631				-84.5	%
Net interest income after credit loss expense		62,671				60,311				3.9	%			49,508				26.6	%
Noninterest income:
Service charges on deposit accounts		2,102				2,127				-1.2	%			2,169				-3.1	%
Trade finance and other service charges and fees		1,902				1,501				26.7	%			1,461				30.2	%
Gain on sale of Small Business Administration (“SBA”) loans		1,318				2,102				-37.3	%			2,160				-39.0	%
Gain on sale of residential mortgage loans		357				485				-26.4	%			—				—
Other operating income		2,669				2,324				14.8	%			2,281				17.0	%
Total noninterest income		8,348				8,539				-2.2	%			8,071				3.4	%
Noninterest expense:
Salaries and employee benefits		22,784				21,956				3.8	%			22,069				3.2	%
Occupancy and equipment		4,383				4,414				-0.7	%			4,344				0.9	%
Data processing		4,555				4,386				3.9	%			3,727				22.2	%
Professional fees		1,997				2,780				-28.2	%			1,725				15.8	%
Supplies and communications		491				556				-11.7	%			515				-4.7	%
Advertising and promotion		679				688				-1.3	%			798				-14.9	%
Other operating expenses		4,150				3,588				15.7	%			3,169				31.0	%
Total noninterest expense		39,039				38,368				1.7	%			36,347				7.4	%
Income before tax		31,980				30,482				4.9	%			21,232				50.6	%
Income tax expense		8,475				7,925				6.9	%			6,115				38.6	%
Net income	$	23,505			$	22,557				4.2	%		$	15,117				55.5	%
Basic earnings per share:	$	0.79			$	0.76							$	0.50
Diluted earnings per share:	$	0.79			$	0.75							$	0.50
Weighted-average shares outstanding:
Basic		29,514,712				29,629,130								29,948,836
Diluted		29,689,113				29,808,999								30,054,456
Common shares outstanding		29,650,306				29,806,694								30,176,568

Hanmi Financial Corporation and Subsidiaries 
Consolidated Statements of Income (Unaudited)
(Dollars in thousands, except share and per share data)

	Six Months Ended
	June 30,				June 30,				Percentage
	2026				2025				Change
Interest and dividend income:
Interest and fees on loans receivable	$	188,674			$	183,476				2.8	%
Interest on securities		12,296				12,430				-1.1	%
Dividends on FHLB stock		1,050				714				47.1	%
Interest on deposits in other banks		3,454				3,969				-13.0	%
Total interest and dividend income		205,474				200,589				2.4	%
Interest expense:
Interest on deposits		74,512				82,483				-9.7	%
Interest on borrowings		830				2,708				-69.4	%
Interest on subordinated debentures		3,072				3,167				-3.0	%
Total interest expense		78,414				88,358				-11.3	%
Net interest income before credit loss expense		127,060				112,231				13.2	%
Credit loss expense		4,078				10,352				-60.6	%
Net interest income after credit loss expense		122,982				101,879				20.7	%
Noninterest income:
Service charges on deposit accounts		4,229				4,387				-3.6	%
Trade finance and other service charges and fees		3,403				2,858				19.1	%
Gain on sale of Small Business Administration (“SBA”) loans		3,421				4,161				-17.8	%
Gain on sale of residential mortgage loans		842				175				381.1	%
Other operating income		4,992				4,215				18.4	%
Total noninterest income		16,887				15,796				6.9	%
Noninterest expense:
Salaries and employee benefits		44,740				43,041				3.9	%
Occupancy and equipment		8,797				8,794				0.0	%
Data processing		8,941				7,514				19.0	%
Professional fees		4,777				3,194				49.6	%
Supplies and communications		1,047				1,031				1.6	%
Advertising and promotion		1,368				1,382				-1.0	%
Other operating expenses		7,737				6,374				21.4	%
Total noninterest expense		77,407				71,330				8.5	%
Income before tax		62,462				46,345				34.8	%
Income tax expense		16,400				13,556				21.0	%
Net income	$	46,062			$	32,789				40.5	%
Basic earnings per share:	$	1.54			$	1.09
Diluted earnings per share:	$	1.54			$	1.08
Weighted-average shares outstanding:
Basic		29,593,872				29,943,279
Diluted		29,770,045				30,048,704
Common shares outstanding		29,650,306				30,176,568

Hanmi Financial Corporation and Subsidiaries 
Average Balance, Average Yield Earned, and Average Rate Paid (Unaudited)
(Dollars in thousands)

	Three Months Ended
	June 30, 2026											March 31, 2026											June 30, 2025
					Interest			Average								Interest			Average								Interest			Average
	Average				Income /			Yield /				Average				Income /			Yield /				Average				Income /			Yield /
	Balance				Expense			Rate				Balance				Expense			Rate				Balance				Expense			Rate
Assets
Interest-earning assets:
Loans:
Commercial real estate(1)	$	3,986,661			$	57,244			5.76	%		$	3,964,174			$	55,836			5.71	%		$	3,978,350			$	56,385			5.68	%
Residential mortgage(1)		1,001,859				13,511			5.39	%			1,035,929				14,035			5.42	%			990,135				13,254			5.37	%
Commercial and industrial(1)		1,065,744				17,467			6.57	%			1,024,117				16,970			6.72	%			818,498				15,206			7.45	%
Consumer		5,711				92			6.44	%			5,295				84			6.40	%			7,786				139			7.14	%
Equipment finance		381,878				6,494			6.80	%			404,801				6,941			6.86	%			462,972				7,605			6.57	%
Total loans(1)		6,441,853				94,808			5.90	%			6,434,316				93,866			5.90	%			6,257,741				92,589			5.93	%
Securities(2)		950,786				6,337			2.69	%			921,065				5,959			2.62	%			993,975				6,261			2.55	%
FHLB stock		16,385				219			5.36	%			16,385				831			20.56	%			16,385				354			8.65	%
Interest-bearing deposits in other banks		221,361				1,958			3.55	%			171,953				1,496			3.53	%			200,266				2,129			4.26	%
Total interest-earning assets		7,630,385				103,322			5.43	%			7,543,719				102,152			5.48	%			7,468,367				101,333			5.44	%
Noninterest-earning assets:
Cash and due from banks		48,769											52,668											53,977
Allowance for credit losses		(70,249	)										(69,284	)										(70,222	)
Other assets		255,426											247,771											250,241
Total assets	$	7,864,331										$	7,774,874										$	7,702,363
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Deposits:
Demand: interest-bearing	$	81,682			$	33			0.16	%		$	74,963			$	27			0.15	%		$	81,308			$	29			0.15	%
Money market and savings		2,056,148				13,540			2.64	%			2,063,186				13,082			2.57	%			2,109,221				17,342			3.30	%
Time deposits		2,646,480				24,201			3.67	%			2,522,505				23,629			3.80	%			2,434,659				24,553			4.05	%
Total interest-bearing deposits		4,784,310				37,774			3.17	%			4,660,654				36,738			3.20	%			4,625,188				41,924			3.64	%
Borrowings		15,330				154			4.06	%			69,388				675			3.94	%			60,134				684			4.58	%
Subordinated debentures		130,695				1,537			4.70	%			130,541				1,536			4.70	%			130,880				1,586			4.84	%
Total interest-bearing liabilities		4,930,335				39,465			3.21	%			4,860,583				38,949			3.25	%			4,816,202				44,194			3.68	%
Noninterest-bearing liabilities and equity:
Demand deposits: noninterest-bearing		1,963,242											1,937,628											1,934,985
Other liabilities		120,896											134,153											140,053
Stockholders’ equity		849,858											842,510											811,123
Total liabilities and stockholders’ equity	$	7,864,331										$	7,774,874										$	7,702,363
Net interest income					$	63,857										$	63,203										$	57,139
Cost of deposits									2.25	%										2.26	%										2.56	%
Net interest spread (taxable equivalent basis)									2.22	%										2.23	%										1.76	%
Net interest margin (taxable equivalent basis)									3.36	%										3.38	%										3.07	%
(1)Includes average loans held for sale
(2)Yields calculated on a fully taxable equivalent basis using the federal tax rate in effect for the periods presented.

Hanmi Financial Corporation and Subsidiaries 
Average Balance, Average Yield Earned, and Average Rate Paid (Unaudited)
(Dollars in thousands)

	Six Months Ended
	June 30, 2026											June 30, 2025
					Interest			Average								Interest			Average
	Average				Income /			Yield /				Average				Income /			Yield /
	Balance				Expense			Rate				Balance				Expense			Rate
Assets
Interest-earning assets:
Loans:
Commercial real estate(1)	$	3,975,480			$	113,080			5.74	%		$	3,958,335			$	111,248			5.67	%
Residential mortgage(1)		1,018,800				27,547			5.41	%			975,579				26,004			5.38	%
Commercial and industrial(1)		1,045,045				34,437			6.65	%			808,069				30,458			7.60	%
Consumer		5,504				175			6.42	%			7,343				257			7.08	%
Equipment finance		393,276				13,435			6.83	%			474,499				15,509			6.54	%
Loans receivable(1)		6,438,105				188,674			5.90	%			6,223,825				183,476			5.94	%
Securities(2)		936,007				12,296			2.66	%			997,716				12,430			2.52	%
FHLB stock		16,385				1,050			12.92	%			16,385				714			8.79	%
Interest-bearing deposits in other banks		196,794				3,454			3.54	%			188,214				3,969			4.25	%
Total interest-earning assets		7,587,291				205,474			5.45	%			7,426,140				200,589			5.44	%
Noninterest-earning assets:
Cash and due from banks		50,707											53,824
Allowance for credit losses		(69,769	)										(69,936	)
Other assets		251,621											249,697
Total assets	$	7,819,850										$	7,659,725
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Deposits:
Demand: interest-bearing	$	78,341			$	61			0.16	%		$	80,344			$	56			0.14	%
Money market and savings		2,059,647				26,622			2.61	%			2,073,421				33,779			3.29	%
Time deposits		2,584,835				47,829			3.73	%			2,390,249				48,648			4.10	%
Total interest-bearing deposits		4,722,823				74,512			3.18	%			4,544,014				82,483			3.66	%
Borrowings		42,210				830			3.96	%			119,460				2,708			4.57	%
Subordinated debentures		130,619				3,072			4.70	%			130,799				3,167			4.84	%
Total interest-bearing liabilities		4,895,652				78,414			3.23	%			4,794,273				88,358			3.72	%
Noninterest-bearing liabilities and equity:
Demand deposits: noninterest-bearing		1,950,506											1,915,577
Other liabilities		127,488											142,341
Stockholders’ equity		846,204											807,534
Total liabilities and stockholders’ equity	$	7,819,850										$	7,659,725
Net interest income					$	127,060										$	112,231
Cost of deposits									2.25	%										2.58	%
Net interest spread (taxable equivalent basis)									2.22	%										1.73	%
Net interest margin (taxable equivalent basis)									3.37	%										3.05	%
(1)Includes average loans held for sale
(2)Yields calculated on a fully taxable equivalent basis using the federal tax rate in effect for the periods presented.

Non-GAAP Financial Measures 

These disclosures should not be viewed as a substitute for results determined in accordance with GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Tangible Common Equity to Tangible Assets Ratio

Tangible common equity to tangible assets ratio is supplemental financial information determined by a method other than in accordance with U.S. generally accepted accounting principles (“GAAP”). This non-GAAP measure is used by management in the analysis of Hanmi’s capital strength. Tangible common equity is calculated by subtracting goodwill and other intangible assets from stockholders’ equity. Banking and financial institution regulators also exclude goodwill and other intangible assets from stockholders’ equity when assessing the capital adequacy of a financial institution. Management believes the presentation of this financial measure excluding the impact of these items provides useful supplemental information that is essential to a proper understanding of the capital strength of Hanmi.

The following table reconciles this non-GAAP performance measure to the GAAP performance measure for the periods indicated:

Tangible Common Equity to Tangible Assets Ratio (Unaudited)
(In thousands, except share, per share data and ratios)

	June 30,				March 31,				December 31,				September 30,				June 30,
Hanmi Financial Corporation and Subsidiaries	2026				2026				2025				2025				2025
Assets	$	8,001,473			$	7,839,227			$	7,869,185			$	7,856,731			$	7,862,363
Less goodwill and other intangible assets		(11,031	)			(11,031	)			(11,031	)			(11,031	)			(11,031	)
Tangible assets	$	7,990,442			$	7,828,196			$	7,858,154			$	7,845,700			$	7,851,332
Stockholders’ equity(1)	$	812,680			$	802,819			$	796,386			$	779,550			$	762,834
Less goodwill and other intangible assets		(11,031	)			(11,031	)			(11,031	)			(11,031	)			(11,031	)
Tangible stockholders’ equity(1)	$	801,649			$	791,788			$	785,355			$	768,519			$	751,803
Stockholders’ equity to assets		10.16	%			10.24	%			10.12	%			9.92	%			9.70	%
Tangible common equity to tangible assets(1)		10.03	%			10.11	%			9.99	%			9.80	%			9.58	%
Common shares outstanding		29,650,306				29,806,694				29,894,757				29,975,371				30,176,568
Tangible common equity per common share	$	27.04			$	26.56			$	26.27			$	25.64			$	24.91
(1)There were no preferred shares outstanding at the periods indicated.

Preprovision Net Revenues

Preprovision net revenues is supplemental financial information determined by a method other than in accordance with U.S. GAAP. This non-GAAP measure is used by management to measure Hanmi’s core operational performance, excluding the impact of provisions for loan losses. By isolating preprovision net revenues, management can better understand the Company’s true profitability and make more informed strategic decisions. Preprovision net revenues is calculated adding income tax expense and credit loss expense to net income. Management believes this financial measure highlights the Company’s revenue activities and operational efficiency, excluding unpredictable loan loss provisions.

The following table details the Company’s preprovision net revenues, which are non-GAAP measures, for the periods indicated:

Preprovision Net Revenues (Unaudited)
(In thousands, except percentages)

																					Percentage Change
Hanmi Financial Corporation and	Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,				Q2-26				Q2-26
Subsidiaries	2026				2026				2025				2025				2025				vs. Q1-26				vs. Q2-25
Net income	$	23,505			$	22,557			$	21,239			$	22,061			$	15,117
Add back:
Credit loss expense		1,186				2,892				1,943				2,145				7,631
Income tax expense		8,475				7,925				8,887				9,396				6,115
Preprovision net revenue	$	33,166			$	33,374			$	32,069			$	33,602			$	28,863				-0.6	%			14.9	%

FAQ

What were Hanmi Financial’s (NASDAQ: HAFC) Q2 2026 earnings results?

Hanmi reported Q2 2026 net income of $23.5 million, or $0.79 per diluted share. According to Hanmi, return on average assets was 1.20% and return on average equity was 11.09%, both slightly higher than in Q1 2026.

How did Hanmi Financial’s deposits and loans change in Q2 2026?

Total deposits rose to $6.96 billion, up 2.3% from Q1 2026, while loans decreased slightly to $6.54 billion. According to Hanmi, noninterest-bearing deposits increased to 31% of total deposits, and the average loans-to-deposits ratio fell to 95.5%.

What happened to Hanmi Financial’s net interest margin in Q2 2026?

Net interest margin was 3.36% in Q2 2026, down two basis points from Q1 2026. According to Hanmi, the decline reflected lower contributions from loans and Federal Home Loan Bank stock, partly offset by improved funding mix, and remained 29 basis points higher year-over-year.

How strong was Hanmi Financial’s asset quality in Q2 2026?

Asset quality metrics remained strong in Q2 2026, with nonperforming assets at 0.12% of total assets and nonperforming loans at 0.15% of total loans. According to Hanmi, both ratios improved by four basis points compared with the prior quarter, while credit loss expense declined to $1.2 million.

How much capital did Hanmi Financial return to shareholders in Q2 2026?

Hanmi returned 58% of Q2 2026 earnings to shareholders through dividends and share repurchases. According to Hanmi, this included $8.3 million in cash dividends and $5.2 million of common stock buybacks, while maintaining a tangible common equity to tangible assets ratio of 10.03%.

Where can investors find Hanmi Financial’s Q2 2026 supplemental information?

Investors can access Hanmi’s Q2 2026 investor update and supplemental financial information on the company’s website, www.hanmi.com. According to Hanmi, the materials are also available via a Form 8-K filing on the Securities and Exchange Commission’s website at www.sec.gov.