Hanmi Financial - HAFC STOCK NEWS

Hanmi Financial Corporation (NASDAQ: HAFC) announced a notice of redemption for its 5.45% Subordinated Notes due March 30, 2027, totaling $100 million. The redemption will happen on March 30, 2022, funded partly from a previous subordinated debt offering. Each note will be redeemed at 100% of the principal plus accrued interest, which will cease post-redemption. Hanmi expects a pre-tax charge of $1.1 million for unamortized debt issuance costs associated with these notes.

Hanmi Financial Corporation (NASDAQ: HAFC) declared a cash dividend of $0.22 per share for Q1 2022, a 10% increase from the previous quarter. The dividend, payable on February 24, 2022, will benefit shareholders of record as of February 7, 2022. CEO Bonnie Lee highlighted strong financial results and significant earnings growth as key factors behind this increase, reflecting the board's confidence in the company's ongoing potential.

Hanmi Financial (NASDAQ: HAFC) reported strong financial results for Q4 and full year 2021. Net income for Q4 2021 reached $33.3 million ($1.09/share), up 25.5% from Q3 2021. The annual net income was $98.7 million ($3.22/share), a 133.9% increase from 2020. Key highlights include record loan production of $625.1 million in Q4 and total loans of $5.15 billion. Nonperforming assets declined significantly to 0.20% of total assets. The efficiency ratio was 53.81%, while total deposits grew 9.7% year-over-year, solidifying the bank's capital strength.

Hanmi Financial Corporation (Nasdaq: HAFC) will report its fourth quarter 2021 financial results on January 25, 2022, after market close. A conference call is scheduled for the same day at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Interested parties can participate by calling 1-877-407-9039 or listening online at Hanmi's investor relations page. Based in Los Angeles, Hanmi serves multi-ethnic communities with 35 branches and 9 loan production offices across various states, focusing on real estate and commercial lending.

Hanmi Financial Corporation (NASDAQ: HAFC) announced a 67% increase in its quarterly cash dividend, raising it to $0.20 per share from $0.12 in the previous quarter. The dividend will be paid on November 24, 2021 to shareholders on record by November 8, 2021. This marks the third consecutive dividend increase in 2021, reflecting strong operating performance and earnings growth. CEO Bonnie Lee expressed confidence in the company's outlook, underscoring the dividend's support from robust financial results.

Hanmi Financial Corporation (HAFC) reported a strong performance for Q3 2021, with net income rising to $26.6 million ($0.86 per diluted share), a 20.1% increase from Q2 2021 and a 62.5% year-over-year growth. Loans receivable reached $4.86 billion, reflecting a 3.4% quarter-over-quarter increase and 5.5% growth year-to-date, excluding PPP loans. Deposits climbed to $5.73 billion, with noninterest-bearing deposits making up 44.5% of the total. The efficiency ratio improved to 52.01%, while nonperforming assets decreased by 58.4%, reflecting enhanced asset quality.

Hanmi Financial Corporation (Nasdaq: HAFC) will report its third quarter 2021 financial results on October 26, 2021, after market close. A conference call is scheduled for 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day to discuss these results. Investment professionals and shareholders can join the call by dialing 1-877-407-9039 with the access code HANMI or listen online via the Investor Relations page of Hanmi's website.

Hanmi Financial Corporation (NASDAQ: HAFC) has successfully closed its public offering of $110 million in subordinated notes with a 3.750% interest rate, due in 2031. The proceeds will be utilized for general corporate purposes, including refinancing existing debt. The offering was managed by Piper Sandler & Co. and Keefe, Bruyette & Woods, among others. Hanmi Bank serves diverse communities through its branch network across several states, specializing in lending for small and middle-market businesses.

Hanmi Financial Corporation (NASDAQ: HAFC) has priced an underwritten public offering of $110 million in fixed-to-floating rate subordinated notes, maturing in 2031. The initial fixed interest rate is set at 3.750%, changing to a three-month SOFR rate plus 310 basis points starting September 1, 2026. The offering is expected to close on August 20, 2021, subject to customary conditions. Net proceeds will be used for general corporate purposes, including repaying existing subordinated notes. Piper Sandler & Co. and Keefe, Bruyette & Woods are the joint book-running managers for this offering.