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 Corporation (NASDAQ: HAFC) is the bank holding company for Hanmi Bank, a commercial bank headquartered in Los Angeles, California. This news page aggregates coverage related to Hanmi’s operations, financial performance and corporate developments, giving readers a focused view of how the company communicates with the market.
News about Hanmi Financial often centers on quarterly earnings results, where the company reports net income, net interest income, net interest margin, loan and deposit trends, credit loss expense and credit quality metrics such as criticized loans and nonperforming assets. Management commentary in these releases provides context on loan production, deposit growth, funding costs and balance sheet strategy.
Investors can also expect dividend announcements, as Hanmi Financial issues press releases when its Board of Directors declares cash dividends on common stock, including details on per-share amounts, record dates and payment dates. Additional news items include notices of upcoming earnings conference calls, where management discusses results with analysts and shareholders.
Corporate governance and strategic updates appear in articles covering board appointments, such as the addition of directors with expertise in information technology, cybersecurity and risk management. Hanmi’s participation in community bank investor conferences and the release of investor presentations are also reported, offering insight into the company’s growth strategies and financial performance narrative.
From time to time, Hanmi Bank issues news on branch openings and market expansion, such as the opening of a full-service branch in Duluth, Georgia, reflecting its focus on serving multi-ethnic communities and small and middle market businesses across multiple states. Readers who follow HAFC news can use this page to monitor these developments and review the company’s public statements over time.
Hanmi Financial Corporation (NASDAQ: HAFC) reported a robust performance for Q2 2020, achieving a net income of $9.2 million ($0.30 per diluted share), a significant increase from $2.4 million ($0.08) in Q1 2020 and $2.7 million ($0.09) for Q2 2019. Loans receivable rose to $4.83 billion, up 6.2% quarterly and 5.9% year-over-year, driven by $308.8 million from the Paycheck Protection Program. Deposits surged 13.7% to $5.21 billion. Despite a 45 basis points decline in the cost of interest-bearing deposits, net interest income grew slightly to $44.4 million.
Hanmi Financial Corporation (Nasdaq: HAFC) will report its second quarter 2020 financial results on July 28, 2020, at market close. A conference call to discuss the results is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day. Interested parties can join the call by calling 1-877-407-9039 and using access code HANMI. The call will also be available online via Hanmi’s Investor Relations page. Hanmi Financial operates 35 branches in various states, focusing on lending to small and mid-sized businesses.
Hanmi Financial Corporation (NASDAQ: HAFC) announced a change in the Annual Meeting of Stockholders, now to be held digitally on June 10, 2020, at 10:30 a.m. local time due to COVID-19 health concerns. Stockholders of record as of April 17, 2020, can participate by registering online before June 8, 2020. Registration will provide unique links for meeting access, online voting, and question submissions. The company emphasizes voting by proxy even if attendance is not possible. Hanmi Bank serves numerous communities with a focus on real estate and commercial lending.
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