Hanmi Financial (NASDAQ:HAFC) Issues Earnings Results

Hanmi Financial (NASDAQ:HAFC) released its quarterly earnings data on Tuesday. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01), FiscalAI reports. The company had revenue of $76.60 million during the quarter, compared to analyst estimates of $75.13 million. Hanmi Financial had a net margin of 19.82% and a return on equity of 11.20%.

Here are the key takeaways from Hanmi Financial’s conference call:

• Third-quarter net income rose to $23.7 million, or $0.80 per diluted share, while pre-provision net revenue increased 10.8% sequentially. Net interest income grew 5.8%, the net interest margin expanded 8 basis points to 3.40%, and the efficiency ratio improved to 52%.
• Deposits increased 1.4% sequentially, with core deposits up 1.9% and non-interest-bearing deposits stable at 30% of total deposits. Corporate Korea deposits grew 12% to approximately $1.3 billion, or 19% of total deposits, highlighting a key growth initiative.
• Loan production surged 46.2% sequentially to $544 million, led by C&I, CRE, and residential lending, but elevated payoffs kept overall loan balances roughly flat. Management expects low-single-digit loan growth in 2026 and low- to mid-single-digit growth in 2027, assuming production remains strong.
• Credit loss expense increased to $4.5 million, including a $3.2 million partial charge-off on a previously identified CRE loan; management also downgraded two current New York multifamily relationships following rent-control changes. While delinquent and nonperforming loans remained low, these actions indicate ongoing localized credit risks.
• Capital remained strong, with tangible common equity to tangible assets of 9.93% and a bank common equity tier 1 ratio of 13.28%. Hanmi returned 55.6% of third-quarter net income to shareholders and expects to maintain a similar share-repurchase pace in the fourth quarter.

Hanmi Financial Trading Up 0.9%

Shares of Hanmi Financial stock opened at $32.70 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50-day moving average of $31.54 and a 200-day moving average of $29.83. Hanmi Financial has a 52-week low of $24.54 and a 52-week high of $33.50. The stock has a market cap of $969.52 million, a PE ratio of 11.01 and a beta of 0.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HAFC shares. DA Davidson raised their price objective on shares of Hanmi Financial from $31.50 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Hanmi Financial in a research note on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.00.

Key Headlines Impacting Hanmi Financial

Here are the key news stories impacting Hanmi Financial this week:

• Positive Sentiment: Hanmi reported third-quarter net income of $23.7 million, or $0.80 per diluted share, up from $23.5 million, or $0.79 per share, in the second quarter. Revenue was $76.6 million, exceeding the $75.13 million analyst estimate. Hanmi Reports 2026 Third Quarter Results
• Positive Sentiment: Management signaled expected 2027 loan growth in the low- to mid-single-digit range as loan payoffs ease, offering a constructive outlook for future asset growth and interest income. Hanmi signals 2027 low- to mid-single-digit loan growth as payoffs ease
• Neutral Sentiment: Profit increased from $0.73 per share a year earlier, indicating year-over-year improvement, although the results were broadly in line with expectations. Hanmi Financial Q3 key metrics
• Negative Sentiment: Third-quarter EPS of $0.80 narrowly missed the $0.81 consensus estimate. Coverage also highlighted credit headwinds, which could limit earnings momentum if loan quality or provisions deteriorate. Hanmi Financial Q3 earnings lag estimates

About Hanmi Financial

Hanmi Financial Corporation is the holding company for Hanmi Bank, a commercial bank headquartered in Los Angeles, California. Founded in 1982, Hanmi Bank was established to serve Korean American and other small-business communities and has developed into a full-service regional bank serving individuals, businesses, and professional organizations.

Hanmi Bank offers commercial and consumer deposit accounts, business and personal lending, commercial real estate financing, small business loans, construction loans, and trade finance services.