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 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.
Hanmi Financial Corporation (Nasdaq: HAFC) announced the resumption of its stock repurchase program, which allows for the buyback of up to 5% of its outstanding shares, approximately 1.5 million shares. The company had paused the program in early 2020 due to COVID-19 uncertainties. As of February 12, 2021, 989,600 shares remain available for repurchase. CEO Bonnie Lee stated that recent financial stability and capital levels support this decision. Repurchases will be executed at management's discretion and may vary based on market conditions and performance.
Hanmi Financial Corporation (Nasdaq: HAFC) announced the appointment of Gideon Yu to its Board of Directors, effective January 27, 2021. With over 20 years of experience in finance and executive management, Yu has previously held key positions at Facebook and YouTube, and co-owned the San Francisco 49ers. Hanmi's Chairman, John J. Ahn, expressed confidence in Yu's ability to drive the company's growth and strengthen community relations. This strategic addition aims to enhance Hanmi's objectives in serving diverse communities across its multiple branches.
Hanmi Financial Corporation (NASDAQ: HAFC) declared a cash dividend of $0.10 per share for Q1 2021, marking a 25% increase from the previous $0.08. This dividend will be paid on February 24, 2021, to shareholders of record as of February 8, 2021. The annualized yield is now 3.14%, based on the closing price of $12.75. CEO Bonnie Lee expressed confidence in Hanmi's recovery from the pandemic and its ability to foster profitable growth for shareholders. The Board will continue monitoring financial performance and adjust future dividends accordingly.
Hanmi Financial Corporation (Nasdaq: HAFC) announced participation in several upcoming virtual investor conferences. These include the Janney Virtual Bank CEO Forum on February 3-4, 2021, the KBW Virtual Winter Financial Services Symposium from February 10-12, 2021, and the Piper Sandler Virtual Western Financial Services Conference on March 2, 2021. All events will feature one-on-one meetings with investors and require prior registration. Hanmi serves diverse communities through 35 branches and 9 loan production offices across multiple states, focusing on lending to small and middle market businesses.
Hanmi Financial Corporation (NASDAQ: HAFC) reported its fourth quarter and full year 2020 financial results, highlighting a net income of $14.3 million in Q4, down 12.3% from the previous quarter. For the full year, net income rose 28.7% to $42.2 million. Loans receivable increased to $4.88 billion, up 5.9% year-over-year, while deposits reached $5.28 billion, a 12.3% increase. The credit loss expense surged to $5.1 million from $0.04 million in the prior quarter, indicating potential concerns in asset quality amid the ongoing pandemic.
Hanmi Financial Corporation (Nasdaq: HAFC) will report its fourth quarter 2020 financial results on January 26, 2021, after the market closes. A conference call to discuss these results will take place on the same day at 2:00 p.m. PT (5:00 p.m. ET). Interested parties can participate by dialing 1-877-407-9039 with the access code HANMI or by visiting Hanmi's Investor Relations page for live and archived access.
Hanmi Financial, based in Los Angeles, operates Hanmi Bank, focusing on lending to small and middle-market businesses across several states.
Hanmi Financial Corporation (NASDAQ: HAFC) has declared a cash dividend of $0.08 per share for Q4 2020. This dividend will be paid on November 30, 2020, to stockholders of record by November 16, 2020. The Board of Directors will continue to evaluate the company's financial health amidst the COVID-19 pandemic and may adjust future dividends accordingly. Hanmi Bank, a subsidiary, operates across various states, focusing on lending to small and middle-market businesses.
Hanmi Financial Corporation (HAFC) reported a net income of $16.3 million, or $0.53 per diluted share for Q3 2020, reflecting a 78.1% increase from Q2 2020 and a 32.1% increase from Q3 2019. Loans receivable remained stable at $4.83 billion, growing 5.8% year-over-year. Total deposits reached $5.19 billion, a slight decline from the previous quarter but a 10.7% increase year-on-year. The credit loss expense dramatically decreased to $0.04 million, and nonperforming assets rose to 1.07% of total assets.
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