Hanmi Financial Corp
NASDAQ:HAFC
Hanmi Financial Corp
Hanmi Financial Corp. is a holding company, which engages in the provision of commercial banking and financial services. The company is headquartered in Los Angeles, California and currently employs 591 full-time employees. The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community as well as other ethnic communities across California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. The Bank's full-service offices are located in markets, where many of its businesses are conducted by immigrants and other minority groups. The Bank's client base reflects the multi-ethnic composition of these communities. The Bank originates loans for its own portfolio and for sale in the secondary market. The Bank's lending activities include real estate loans (commercial property, construction and residential property), commercial and industrial loans (commercial term, commercial lines of credit and international), equipment lease financing and Small Business Administration (SBA) loans.
Hanmi Financial Corp. is a holding company, which engages in the provision of commercial banking and financial services. The company is headquartered in Los Angeles, California and currently employs 591 full-time employees. The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community as well as other ethnic communities across California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. The Bank's full-service offices are located in markets, where many of its businesses are conducted by immigrants and other minority groups. The Bank's client base reflects the multi-ethnic composition of these communities. The Bank originates loans for its own portfolio and for sale in the secondary market. The Bank's lending activities include real estate loans (commercial property, construction and residential property), commercial and industrial loans (commercial term, commercial lines of credit and international), equipment lease financing and Small Business Administration (SBA) loans.
Solid Quarter: Hanmi delivered a strong fourth quarter, with net interest income up and net interest margin expanding, despite lower noninterest income.
Loan Growth: Full-year loan growth reached 5%, hitting guidance, with significant increases in both production and portfolio diversification.
Deposit Stability: Noninterest-bearing deposits made up 30% of total deposits, reflecting a stable customer base, even as total deposits fell slightly in Q4.
Expense Management: Full-year noninterest expense grew 4.6%, attributed mainly to investments in talent, but the efficiency ratio improved to 54.7%.
Asset Quality: Credit quality remained strong, with low levels of nonperforming assets and healthy loss reserves.
Capital Returns: $42 million was returned to shareholders in 2025, including $9 million in buybacks and $33 million in dividends.
2026 Outlook: Management expects low to mid-single-digit loan growth, continued deposit growth, margin expansion, and disciplined expense management.
