Hanmi Financial Q1 net income falls to $15.2M ($0.50 EPS); deposits up 1.5%

HANMI FINANCIAL CORP

2024-Q1 EPS reported $0.50 revenue$58,388,000

Net income $15.2M ($0.50 diluted EPS) vs. $18.6M ($0.61) in Q4 2023.
Deposits grew 1.5% to $6.38B; noninterest-bearing deposits 30.3% of total.
Net interest income $50.7M, down 4.7% QoQ; net interest margin 2.78%, down 14 bps.
Criticized loans down 11.1% to $86.0M; nonperforming assets $14.1M (0.19% of total assets).
Loan production $234M at 8.02%; C&I portfolio grew nearly 4% in Q1.

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 0.99

HANMI FINANCIAL CORP reported for the first quarter of 2024 results: net income $15.2 million, EPS $0.50 per diluted share.

Period: for the first quarter of 2024
Net income: $15.2 million
EPS: $0.50 per diluted share
Result: reported results

Exact text from the filing

Hanmi Reports 2024 First Quarter Results LOS ANGELES, April 23, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”) , the parent company of Hanmi Bank (the “Bank”), today reported financial results for the first quarter of 2024. Net income for the first quarter of 2024 was $15.2 million, or $0.50 per diluted share

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Source: SEC EDGAR

accession 0001171843-24-002146

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