Hanmi Q4 net income $18.6M, EPS $0.61; full year 2023 net income $80.0M, down 21% from 2022

HANMI FINANCIAL CORP

2023-FY EPS reported $2.62 revenue$255,450,000

Q4 net income $18.6M ($0.61 diluted EPS) vs Q3 $18.8M ($0.62); full year 2023 net income $80.0M ($2.62 EPS) vs 2022 $101.4M ($3.32 EPS).
Loans $6.18B, up 2.7% QoQ and 3.6% YoY; deposits $6.28B, up 0.3% QoQ; net interest margin 2.92%, down 11 bps.
Credit loss expense recovery of $2.9M in Q4 vs $5.2M charge in Q3; net recoveries $5.0M including $6.0M recovery from 2019 troubled loan.
Nonperforming assets $15.6M, 0.21% of assets; criticized loans $96.7M, down 11.8% QoQ.
Efficiency ratio 58.86%; capital strong: CET1 11.86%, total capital 14.95%.

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 0.95

HANMI FINANCIAL CORP reported the full year ended December 31, 2023 results: net income $80.0 million, or $2.62 per diluted share, EPS $2.62 per diluted share.

Period: the full year ended December 31, 2023
Net income: $80.0 million, or $2.62 per diluted share
EPS: $2.62 per diluted share
Result: reported results

Exact text from the filing

For the full year of 2023, net income was $80.0 million, or $2.62 per diluted share, compared to $101.4 million, or $3.32 per diluted share, for the full year of 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HANMI FINANCIAL CORP reported the quarter ended December 31, 2023 results: net income $18.6 million, or $0.61 per diluted share, EPS $0.61 per diluted share.

Period: the quarter ended December 31, 2023
Net income: $18.6 million, or $0.61 per diluted share
EPS: $0.61 per diluted share
Result: reported results

Exact text from the filing

On January 23, 2024, Hanmi Financial Corporation (“Hanmi Financial”) issued a press release announcing its financial results for the quarter ended December 31, 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 0001171843-24-000355

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