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 (HAFC) delivers comprehensive banking solutions through its commercial lending, real estate financing, and international trade services. This news hub provides investors and stakeholders with verified updates on HAFC's financial performance and community-focused initiatives.
Access timely press releases covering quarterly earnings, regulatory filings, and strategic partnerships. Our curated collection ensures transparency about HAFC's role in multi-ethnic banking markets and its expansion across key U.S. regions.
Key updates on loan portfolio developments, trade finance products, and branch network growth. All content is sourced directly from official channels to maintain accuracy and compliance with financial reporting standards.
Bookmark this page for continuous access to HAFC's latest announcements. Monitor developments in small business lending programs and international banking services critical to understanding the company trajectory.
Hanmi Financial (HAFC) has opened its first representative office in Seoul, South Korea, located within the International Finance Center Seoul (IFC). This expansion strengthens the bank's U.S. Subsidiaries of Korean Companies (USKC) business initiative. The Seoul office complements Hanmi's existing Korea Desks across multiple U.S. locations including California, New York, New Jersey, Georgia, and Texas. The bank provides comprehensive services to Korean companies expanding into the U.S., including commercial lending, trade finance, equipment financing, real estate investment, and treasury management.
Hanmi Financial (NASDAQ: HAFC) reported its Q3 2024 financial results, showing a net income of $14.9 million or $0.49 per diluted share, up from $14.5 million or $0.48 per share in Q2 2024. The return on average assets was 0.79%, and the return on average equity was 7.55%. Net interest margin increased to 2.74%, driven by higher yields on interest-earning assets and lower funding costs. Loans grew by 2% due to a 27% increase in loan production, while total deposits increased by 1.2%, with noninterest-bearing demand deposits growing by 4.7%.
Credit loss expense rose to $2.3 million from $1 million in Q2. Nonaccrual loans decreased by 18.8%, while criticized assets increased due to downgrades. Noninterest expense dropped slightly to $35.1 million. Hanmi’s balance sheet remains strong with a robust loan pipeline and healthy capital ratios. Stockholders’ equity rose to $736.7 million, and the company repurchased 75,000 shares during the quarter.
Hanmi Financial (Nasdaq: HAFC), the holding company for Hanmi Bank, has announced its schedule for reporting third quarter 2024 financial results. The company will release its earnings report after the market closes on Tuesday, October 22, 2024. Following the release, management will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day to discuss the results.
Investors, shareholders, and interested parties are invited to participate in the live call by dialing 1-877-407-9039 before 2:00 p.m. Pacific Time, using the access code "Hanmi Bank". For those unable to join the call, a webcast will be available on the investor relations page of Hanmi's website at www.hanmi.com. The webcast recording will be accessible for replay approximately one hour after the call concludes.
Hanmi Financial (Nasdaq: HAFC) announced that its President and CEO, Bonnie Lee, has been named one of The Most Powerful Women to Watch in 2024 by American Banker. Lee, appointed CEO in 2019, has led the company to deliver solid results, drive innovation, and enhance its core relationship banking model. The recognition is part of American Banker's 22nd annual The Most Powerful Women in Banking™ initiative, which honors leaders demonstrating exceptional skills, strong performance, and commitment to diversity, equity, and inclusion in financial services.
Honorees will be recognized at The Most Powerful Women in Banking Gala on October 24, 2024, in New York City. Additionally, a conference featuring panels, discussions, and workshops will be held on October 22–23, open to all banking and finance professionals.
Hanmi Financial (NASDAQ: HAFC), parent company of Hanmi Bank, has announced its participation in the Janney Financial Services Conference on September 17, 2024, in Washington, DC. Bonnie Lee, President and CEO, and Ron Santarosa, CFO, will host one-on-one 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 share insights about its financial performance and strategic direction.
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.
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