earnings
confidence high
sentiment negative
materiality 0.70
Hanmi Q3 net income $18.8M ($0.62 EPS), down 8.8% from Q2; loans up 0.9%
HANMI FINANCIAL CORP
2023-Q3 EPS reported
$2.01
- Q3 EPS $0.62 vs $0.67 in Q2; net income $18.8M down from $20.6M.
- Loans $6.02B (+0.9% seq); production $336.3M at 7.80% avg yield; deposits $6.26B (-0.9%).
- Net interest income $54.9M (-1.0% seq); NIM 3.03% down 8 bps; noninterest-bearing deposits 34.5%.
- Credit loss expense $5.2M (vs recovery in Q2); net charge-offs $8.9M; ACEP 1.12%.
- Nonperforming assets fell 28.7% to $15.9M (0.22% of assets); efficiency ratio 51.82%.