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 (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.
Hanmi Financial Corporation (NASDAQ: HAFC) declared a cash dividend of $0.12 per share for the 2021 third quarter. The dividend will be paid on August 26, 2021 to stockholders of record as of August 9, 2021. The Board will reassess the company's dividend strategy quarterly, taking into account the financial impact of the COVID-19 pandemic.
Hanmi operates 35 full-service branches across multiple states, specializing in various lending services for small to middle-market businesses.
Hanmi Financial Corporation (HAFC) reported a record net income of $22.1 million, or $0.72 per diluted share, for Q2 2021, up from $16.7 million in Q1 2021 and $9.2 million in Q2 2020. Total loans receivable remained stable at $4.82 billion, with a 2.5% increase excluding PPP loans. Deposits increased 2.2% to $5.63 billion, driven by an 8.3% rise in noninterest-bearing demand deposits. The net interest margin improved to 3.19%, while noninterest income fell 9.4% to $8.9 million.
Hanmi Financial Corporation (Nasdaq: HAFC) is set to release its second quarter 2021 financial results on July 27, 2021, after market close. A conference call will follow at 2:00 p.m. Pacific Time for discussion. Investment professionals and shareholders can join the call by dialing 1-877-407-9039 or listening online at Hanmi's Investor Relations page. Hanmi operates 35 branches and 9 loan offices across several states, focusing on lending to small and middle-market businesses.
Hanmi Financial Corporation (NASDAQ: HAFC) declared a cash dividend of $0.12 per share for Q2 2021, representing a 20% increase from the previous quarter's $0.10. The dividend is payable on May 27, 2021, to shareholders of record by May 10, 2021. President and CEO Bonnie Lee expressed optimism, stating the increase reflects the Board's confidence in the bank's growth as the economy improves post-pandemic. The Board will continue to evaluate future dividends based on the bank's financial performance amidst ongoing challenges from COVID-19.
Hanmi Financial Corporation (HAFC) reported a strong Q1 2021 with net income of $16.7 million, translating to $0.54 per diluted share, up from $14.3 million in Q4 2020. Loans receivable declined to $4.82 billion, but deposits grew by 4.5% to $5.51 billion, driven by a surge in noninterest-bearing demand deposits. Credit loss expense decreased significantly to $2.1 million, and nonperforming assets fell by 33.7% year-over-year, indicating improving asset quality. The bank remains well-capitalized with a total risk-based capital ratio of 14.96% and expects continued profitable growth.
Hanmi Financial Corporation (Nasdaq: HAFC) announced it will report its first quarter 2021 financial results on April 27, 2021, after market close. A conference call for investors will follow at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. Investors can participate by calling 1-877-407-9039 or listening online via Hanmi's Investor Relations page. Hanmi Financial operates Hanmi Bank, which supports multi-ethnic communities with 35 branches and specialized lending services across multiple states.