Hanmi Financial Q2 net income $20.6M ($0.67 EPS); deposits up 1.9% but NIM narrows 17 bps

HANMI FINANCIAL CORP

2023-Q2 EPS reported $1.39

Net income $20.6M ($0.67 diluted EPS) vs $22.0M ($0.72) in Q1 2023; ROAA 1.12%, ROAE 11.14%.
Net interest income $55.4M, down 4.2% QoQ; NIM (tax-equivalent) 3.11%, down 17 bps.
Deposits grew 1.9% to $6.32B; noninterest-bearing deposits 34.9% of total.
Loans $5.97B, down 0.3% from Q1; loan production $259.3M at weighted avg rate 7.39%.
Criticized loans declined 25.2%; nonperforming assets $22.3M (0.30% of assets); credit loss provision small.

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 0.97

HANMI FINANCIAL CORP reported the first half of 2023 results: net income $42.6 million, EPS $1.39 per diluted share.

Period: the first half of 2023
Net income: $42.6 million
EPS: $1.39 per diluted share
Result: reported results

Exact text from the filing

Net income for the first half of 2023 was $42.6 million, or $1.39 per diluted share, compared with $45.7 million, or $1.50 per diluted share, for the first half of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

HANMI FINANCIAL CORP reported the second quarter of 2023 results: net income $20.6 million, EPS $0.67 per diluted share.

Period: the second quarter of 2023
Net income: $20.6 million
EPS: $0.67 per diluted share
Result: reported results

Exact text from the filing

Hanmi Reports 2023 Second Quarter Results LOS ANGELES, July 25, 2023 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”) , the parent company of Hanmi Bank (the “Bank”), today reported financial results for the second quarter of 2023. Net income for the second quarter of 2023 was $20.6 million, or $0.67 per diluted share, compared with $22.0 million, or $0.72 per diluted share, for the first quarter of 2023.

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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 0001171843-23-004633

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