secwatch.observer — SEC 8-K summary
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Issuer:     HANMI FINANCIAL CORP (HAFC)
CIK:        0001109242
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001171843-23-002533
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109242/000117184323002533/0001171843-23-002533-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1109242/000117184323002533/f8k_042523.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-002533

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