secwatch.observer — SEC 8-K summary
======================================

Issuer:     HANMI FINANCIAL CORP (HAFC)
CIK:        0001109242
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001171843-24-000355
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109242/000117184324000355/0001171843-24-000355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1109242/000117184324000355/f8k_012324.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-000355

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer