HANMI FINANCIAL CORP

Listed Company

HAFCCIK 0001109242NasdaqAcceleratedNational Commercial BanksDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$76.09M

Total Assets

$7.87B

Equity

$796.39M

Shares Out

29.89M

Op. Cash Flow

$206.01M

Business

HANMI FINANCIAL CORP is a bank holding company that provides commercial banking services primarily through its subsidiary, Hanmi Bank. It offers loan origination and servicing, deposit accounts, SBA lending, mortgage lending, commercial and industrial loans, equipment financing, and trade finance services, along with treasury and deposit products. Its operations are organized around retail and commercial banking activities conducted by the Bank, including lending, deposit gathering, loan servicing, and off-balance sheet commitments. The Company distributes services through a branch network and correspondent/secondary market channels across multiple U.S. states serving Korean‑American and other multi‑ethnic communities.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	376	366	340	258	209
Interest on securities	25	22	17	12	6
Dividends on FHLB stock	1	1	1	1	941,000
Interest on deposits in other banks	8	10	11	3	902,000
Total interest and dividend income	411	399	369	274	217
Interest on deposits	165	183	135	26	12
Interest on borrowings	4	7	7	2	2
Interest on subordinated debentures	6	7	6	8	8
Total interest expense	175	196	148	36	—
Net interest income before credit loss expense	236	203	221	238	195
Credit loss expense	14	4	4	836,000	—
Net interest income after credit loss expense	222	198	217	237	219
Service charges on deposit accounts	9	9	10	11	11
Trade finance and other service charges and fees	6	5	5	5	5
Gain on sale of SBA loans	8	6	6	9	17
Gain on sale of residential mortgage loans	2	1	—	—	—
Net loss on sales of securities	—	—	−2	—	−499,000
Other operating income	9	9	15	8	8
Total noninterest income	34	32	34	34	40
Salaries and employee benefits	88	83	81	76	73
Occupancy and equipment	18	18	18	18	19
Data processing	15	15	14	13	12
Professional fees	8	7	6	6	6
Supplies and communications	2	2	2	3	3
Advertising and promotion	3	3	3	4	3
Other operating expenses	14	13	11	11	10
Total noninterest expense	148	141	137	130	124
Income before tax	108	89	115	141	135
Income tax expense	32	26	35	39	37
Net income	76	62	80	101	99
Basic earnings per share	2.53	2.06	2.63	3.33	3.22
Diluted earnings per share	2.51	2.05	2.62	3.32	3.22
Basic	30	30	30	30	30
Diluted	30	30	30	30	30

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	213	305	302	352	609
Securities available for sale, at fair value (amortized cost of $941,760 and $1,004,563 as of December 31, 2025 and 2024, respectively)	881	906	866	854	911
Loans held for sale, at the lower of cost or fair value	7	9	12	8	13
Loans, net of allowance for credit losses of $69,903 and $70,147 as of December 31, 2025 and 2024, respectively	6,493	6,181	6,113	5,896	5,079
Accrued interest receivable	24	23	23	19	12
Premises and equipment, net	20	21	22	23	25
Customers' liability on acceptances	125,000	1	625,000	328,000	—
Servicing assets	6	6	7	7	7
Goodwill	11	11	—	—	—
"Federal Home Loan Bank (""FHLB"") stock, at cost"	16	16	16	16	16
Income tax assets	40	45	35	52	44
Bank-owned life insurance	57	57	56	56	55
Prepaid expenses and other assets	99	96	105	84	76
Total assets	7,869	7,678	7,570	7,378	6,859
Noninterest-bearing	2,015	2,097	2,004	2,540	2,575
Interest-bearing	4,662	4,339	4,277	3,628	3,212
Total deposits	6,678	6,436	6,281	6,168	5,786
Accrued interest payable	35	35	39	8	1
Bank's liability on acceptances	125,000	1	625,000	328,000	—
Borrowings	150	263	325	350	138
Subordinated debentures ($135,995 and $136,800 face amount less unamortized discount and debt issuance costs of $5,532 and $6,162 as of December 31, 2025 and 2024, respectively)	130	131	130	129	215
Accrued expenses and other liabilities	80	81	93	85	75
Total liabilities	7,073	6,946	6,868	6,741	6,215
Preferred stock, $0.001 par value; authorized 10,000,000 shares; no shares issued as of December 31, 2025 and December 31, 2024	—	—	—	—	—
Common stock, $0.001 par value; authorized 62,500,000 shares; issued 34,287,779 shares (29,894,757 shares outstanding) and 34,151,464 shares (30,195,999 shares outstanding) as of December 31, 2025 and 2024, respectively	34,000	34,000	34,000	33,000	33,000
Additional paid-in capital	595	591	587	583	581
Accumulated other comprehensive loss, net of tax benefit of $17,822 and $28,576 as of December 31, 2025 and 2024, respectively	−43	−71	−72	−89	−8
Retained earnings	394	351	319	270	197
Less: treasury stock; 4,393,022 shares and 3,955,465 shares as of December 31, 2025 and 2024, respectively	−149	−139	−132	−126	−126
Total stockholders' equity	796	732	702	638	643
Total liabilities and stockholders' equity	7,869	7,678	7,570	7,378	6,859

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	3	3	3	12	14
Amortization of servicing assets - net	2	3	2	3	2
Share-based compensation expense	4	4	3	3	2
Credit loss expense	14	4	4	836,000	−24
Gain on sales of SBA loans	−8	−6	−6	−9	−17
Origination of loans held for sale	−129	−136	−105	−151	−266
Proceeds from sales of loans	254	141	108	166	—
Gain on sales of residential mortgage loans	−2	−1	—	—	—
Change in bank-owned life insurance	471,000	−833,000	−791,000	−639,000	−1
Loss (gain) on sale of fixed assets	40,000	−816,000	−4	—	−45,000
Change in prepaid expenses and other assets	−969,000	6	−28	−25	3
Change in income tax assets	−6	−10	10	25	3
Valuation adjustment on servicing assets	54,000	—	−385,000	385,000	—
Change in accrued interest payable and other liabilities	−3	−17	41	22	4
Net cash provided by operating activities	206	53	109	147	94
Purchases of securities available for sale	−173	−196	−107	−167	−513
Proceeds from matured, called and repayment of securities	233	156	106	106	276
Proceeds from sales of securities available for sale	—	—	8	—	56
Purchases of loans	−51	−75	−10	−11	−29
Proceeds from sales of residential mortgage loans	—	50	—	—	—
Purchases of premises and equipment	−2	−3	−2	−2	−3
Proceeds from disposition of premises and equipment	14,000	3	7	—	45,000
"Proceeds from sales of other real estate owned (""OREO"")"	712,000	2	—	809,000	1
Change in loans, excluding purchases and sales	−392	−44	−214	−809	−235
Net cash used in investing activities	−384	−106	−211	−882	−447
Change in deposits	242	155	113	382	511
Change in open FHLB advances	−225	13	−25	213	—
Proceeds from FHLB term advances	50	50	—	—	—
Repayments of FHLB term advances	63	−125	—	−87	—
Proceeds from exercise of stock options	—	582,000	—	19,000	—
Cash paid for employee vested shares surrendered due to employee tax liability	−996,000	−586,000	−785,000	−732,000	−572,000
Repurchase of common stock	−9	−6	−4	—	−6
Cash dividends paid	−33	−30	−31	−29	−17
Net cash provided by financing activities	86	56	52	478	570
Net increase (decrease) in cash and due from banks	−92	2	−50	−257	217
Interest expense paid	175	200	117	30	25
Income taxes paid	36	42	17	13	31
Transfer of fixed assets to other real estate owned	2	655,000	—	117,000	—
Transfer of loans to loans held for sale	42	46	—	—	—
Income tax (expense) benefit related to other comprehensive income items	−11	−482,000	−7	33	5
Right-of-use asset obtained in exchange for lease liability	4	4	8	408,000	3
Cashless exercise of stock options	—	—	821,000	—	—

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