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

Issuer:     HANMI FINANCIAL CORP (HAFC)
CIK:        0001109242
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001171843-24-005747
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hanmi Financial Q3 net income $14.9M ($0.49), NIM expands 5 bps to 2.74%, loans up 1.3%
--------------------------------------------------------------------------------

- Net income $14.9M ($0.49 diluted) vs $14.5M ($0.48) in Q2; ROAA 0.79%, ROAE 7.55%.
- Net interest margin (tax-equiv.) up 5 bps to 2.74%; loan yield 6.00%, deposit cost flat at 4.27%.
- Loans $6.26B (+1.3% QoQ) on $347.8M production at 7.92%; deposits $6.40B (+1.2%), noninterest-bearing demand up 4.7%.
- Credit loss expense $2.3M vs $1.0M; nonaccrual loans down 18.8% to $15.2M, three loans $129.8M downgraded to special mention.
- After Q3, completed sale of $28.3M nonaccrual construction loan; net charge-offs $0.9M included $1.7M recovery.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1109242/000117184324005747/0001171843-24-005747-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1109242/000117184324005747/f8k_102224.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-005747

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