Hanmi Financial Stock Price, News & Analysis

On April 27, 2023, Hanmi Financial Corporation (NASDAQ: HAFC) announced a cash dividend of $0.25 per share for the 2023 second quarter. This dividend will be distributed on May 24, 2023, to stockholders who are on record by the close of business on May 8, 2023. Hanmi Financial Corporation operates Hanmi Bank, which focuses on serving multi-ethnic communities across various states through its 35 branches and eight loan production offices. The bank specializes in lending services including real estate, commercial, SBA, and trade finance to small and middle-market businesses.

Hanmi Financial Corporation (NASDAQ: HAFC) reported Q1 2023 net income of $22.0 million, or $0.72 per diluted share, down 22.8% from Q4 2022 due to lower net interest income and increased credit loss expenses. The company’s return on average assets was 1.21% and return on average equity 12.19%. Total loans increased 0.9% to $5.98 billion while deposits rose 2.1% to $6.20 billion. Net interest income decreased 10.4% to $57.9 million, with a net interest margin of 3.28%. Noninterest income increased 11.8% to $8.3 million. The efficiency ratio was 49.54%, and the provision for credit losses was $2.1 million.

Hanmi Financial Corporation (NASDAQ: HAFC) has released its 2022 annual letter to shareholders, emphasizing the importance of safety and security. Authored by President and CEO Bonnie Lee, the letter highlights the company’s commitment to its multi-ethnic communities and its services through 35 branches across several states including California, Texas, and New Jersey. Hanmi Bank focuses on real estate, commercial, SBA, and trade finance lending, catering to small and middle-market businesses. For more in-depth information, the letter is accessible to investors via their official website.

Hanmi Financial Corporation (Nasdaq: HAFC) announced it will report its first quarter 2023 financial results after market close on April 25, 2023. A conference call is scheduled for the same day at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Interested parties, including investment professionals and shareholders, can join the call by dialing 1-877-407-9039 or listening online via the investor relations section of Hanmi’s website. Headquartered in Los Angeles, Hanmi Financial operates 35 branches and eight loan production offices across several states, providing services such as commercial and real estate lending targeted at small and middle-market businesses.

Hanmi Financial Corporation (NASDAQ: HAFC) declared a cash dividend of $0.25 per share for the first quarter of 2023. This dividend will be distributed on February 23, 2023, to stockholders of record by the close of business on February 6, 2023. Headquartered in Los Angeles, Hanmi Financial Corporation owns Hanmi Bank, which provides lending services to small and middle market businesses across multi-ethnic communities through its 35 branches and 8 loan offices located in several states including California and Texas.