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HAFC

Hanmi Financial Corporation

HAFC

Hanmi Financial Corporation • NASDAQ
$27.62 ▼ -0.97% (-0.27)
Market Cap $827.37 M
52w High $28.38
52w Low $19.25
Dividend Yield 1.08%
P/E 11.51
Volume 54.83K
Outstanding Shares 29.96M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $115.106M ▲ $37.357M ▲ $22.061M ▲ 19.166% ▲ $0.74 ▲ $30.671M ▲
Q2-2025 $109.404M ▲ $36.347M ▲ $15.117M ▼ 13.818% ▼ $0.5 ▼ $22.884M ▼
Q1-2025 $106.983M ▼ $34.984M ▲ $17.672M ▼ 16.519% ▲ $0.59 $26.705M ▼
Q4-2024 $107.47M ▼ $34.535M ▲ $17.695M ▲ 16.465% ▲ $0.59 ▲ $26.944M ▲
Q3-2024 $107.995M $34.22M $14.892M 13.79% $0.49 $22.756M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.093B ▼ $7.857B ▼ $7.077B ▼ $779.55M ▲
Q2-2025 $1.27B ▲ $7.862B ▲ $7.1B ▲ $762.834M ▲
Q1-2025 $423.927M ▼ $7.729B ▲ $6.978B ▲ $751.485M ▲
Q4-2024 $1.211B ▲ $7.678B ▼ $6.946B ▼ $732.174M ▼
Q3-2024 $1.197B $7.712B $6.976B $736.709M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $22.061M ▲ $146.914M ▲ $-270.983M ▼ $-40.327M ▼ $-164.396M ▼ $146.354M ▲
Q2-2025 $15.117M ▼ $-18.991M ▼ $-39.367M ▼ $109.405M ▲ $51.047M ▲ $-19.56M ▼
Q1-2025 $17.672M ▼ $25.844M ▲ $-30.483M ▼ $28.842M ▲ $24.203M ▲ $25.581M ▲
Q4-2024 $17.695M ▲ $16.337M ▲ $13.201M ▲ $-12.505M ▼ $17.033M ▲ $15.497M ▲
Q3-2024 $14.891M $5.574M $-103.245M $72.359M $-25.312M $5.357M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025
Banking Segment
Banking Segment
 $60.00M ▲$70.00M ▲$70.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Over the past few years Hanmi has grown its top line, but its profitability has come off the peak it reached around 2022. Revenue is higher than it was in the early pandemic period, yet profit margins have narrowed and net income has drifted down more recently. This pattern is consistent with what many regional banks have faced: higher funding costs, a tougher interest‑rate environment, and more conservative credit provisioning weighing on earnings. Overall, the business still looks solidly profitable, but less so than at its recent high point, and per‑share earnings have been under some pressure.

Balance Sheet

Balance Sheet Hanmi’s balance sheet shows steady, measured growth in total assets over the last five years, suggesting controlled expansion rather than aggressive balance‑sheet stretching. Equity has gradually built up, which points to retained earnings strengthening the capital base over time. Debt remains present but not dominant, and cash levels, while down from an earlier peak, appear stable in recent years. Taken together, the bank looks reasonably well‑capitalized with a balance sheet that has grown, but not in a way that appears excessive for a regional lender.

Cash Flow

Cash Flow Cash generation from operations has been consistently positive, though it peaked a couple of years ago and has eased more recently. Free cash flow effectively mirrors operating cash flow, since capital spending is very light for a bank of this type. The key takeaway is that the core business continues to throw off cash, even if not at the strongest level seen in the past five years. This provides flexibility for dividends, buybacks, or balance‑sheet strengthening, subject to management’s priorities and regulatory considerations.

Competitive Edge

Competitive Edge Hanmi operates as a focused regional and community bank with a clear niche: serving Korean‑American and broader multi‑ethnic business communities. Its relationship‑driven model, multilingual capabilities, and specialized offerings—for example in SBA lending and trade finance—create a customer loyalty that larger, more generic banks may struggle to match. At the same time, it still faces the usual challenges of a regional bank: competition from big national players and digital‑first institutions, sensitivity to local economic conditions, and historical concentration in areas like commercial real estate that the bank is now working to diversify.

Innovation and R&D

Innovation and R&D Hanmi is not a heavy research‑and‑development spender in the tech‑company sense, but it has been methodically upgrading its technology. A broad network and systems overhaul improved speed, security, and efficiency, and the bank has rolled out digital tools for both businesses and consumers—from online payroll and payment services to personal financial‑management tools. The strategy seems to be practical, incremental modernization rather than headline‑grabbing innovation. The key risk is that, as technology expectations rise, Hanmi must keep investing to stay close enough to the digital experience offered by larger banks and fintechs, while still leveraging its relationship strengths.

Summary

Hanmi Financial shows a profile typical of a disciplined regional bank with a strong community niche: revenue has grown, but earnings have softened from recent highs as industry conditions became more challenging. Its balance sheet appears sound, with gradually rising assets and equity and a measured use of debt. Cash flows remain positive and supportive of ongoing operations. Competitively, its cultural focus, SBA expertise, and trade‑finance capabilities offer a defensible position, though not an unshakeable moat. The bank’s forward strategy—diversifying its loan book, expanding into new but familiar demographic markets, and steadily improving digital capabilities—aims to balance growth with risk control. Future performance will depend heavily on credit quality, interest‑rate trends, and how well it executes on this diversification and technology agenda without diluting its community‑bank identity.

NEWS

October 24, 2025 · 8:00 AM UTC

Hanmi Financial Declares Cash Dividend of $0.27 per share

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October 23, 2025 · 4:12 PM UTC

Hanmi Bank Earns Double Recognition in American Banker's 2025 Most Powerful Women in Banking Honors

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October 7, 2025 · 4:05 PM UTC

Hanmi Financial Corporation Announces Third Quarter 2025 Earnings and Conference Call Date

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September 30, 2025 · 4:05 PM UTC

Dan Medici Appointed to the Boards of Hanmi Financial Corporation and Hanmi Bank

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