Hanmi Financial Q1 net income $22.0M ($0.72 EPS), down 22.8% QoQ

HANMI FINANCIAL CORP

2023-Q1 EPS reported $0.72

Net income $22.0M ($0.72 diluted EPS) vs Q4 2022 $28.5M ($0.93); net interest income $57.9M, down 10.4% QoQ.
Net interest margin (taxable equivalent) 3.28%, down 39 bps QoQ; deposit cost up 103 bps, loan yield up 30 bps.
Deposits $6.20B, up 2.1% annualized from year-end; noninterest-bearing deposits 37.6% of total.
Credit loss expense $2.1M; allowance/loans 1.21%; nonperforming assets $20.2M (0.27% of assets) vs 0.14% at year-end.
Tangible common equity ratio 8.77%; CET1 ratio 11.59% (preliminary); total capital ratio 14.80%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

HANMI FINANCIAL CORP reported the first quarter of 2023 results: net income $22.0 million, EPS $0.72 per diluted share.

Period: the first quarter of 2023
Net income: $22.0 million
EPS: $0.72 per diluted share
Result: reported results

Exact text from the filing

Net income for the first quarter of 2023 was $22.0 million, or $0.72 per diluted share, compared with $28.5 million, or $0.93 per diluted share, for the fourth quarter of 2022.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

HANMI FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001171843-23-002533

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