Hanmi Financial ( (HAFC) ) has released its Q1 earnings. Here is a breakdown of the information Hanmi Financial presented to its investors.
Hanmi Financial Corporation, headquartered in Los Angeles, operates Hanmi Bank, which provides a range of financial services including real estate, commercial, SBA, and trade finance lending through its network of branches across several states in the U.S. In the first quarter of 2025, Hanmi Financial reported a stable net income of $17.7 million, or $0.58 per diluted share, consistent with the previous quarter. The bank’s return on average assets and equity showed slight improvements, indicating a steady performance amidst economic uncertainties. Key highlights from the quarter include a 3% increase in deposits driven by new commercial accounts and branch expansions, as well as a solid loan production of $345.9 million. The net interest margin expanded for the third consecutive quarter to 3.02%, attributed to lower funding costs. Despite a rise in credit loss expenses, Hanmi maintained strong credit quality and effective expense management, achieving its best efficiency ratio since late 2023. Looking ahead, Hanmi Financial remains focused on delivering long-term value to shareholders, leveraging its relationship-based banking model and expanding its market presence, while navigating the challenges posed by macroeconomic uncertainties.