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NASDAQ:HAFC
Hanmi Financial Corporation Stock Earnings Reports
$21.49
+0.0900 (+0.421%)
At Close: Apr 17, 2025
Hanmi Financial Earnings Calls
Q1 2025
(Upcoming)
| Release date | Apr 22, 2025 |
| EPS estimate | $0.570 |
| EPS actual | - |
| Revenue estimate | 63.433M |
| Revenue actual | - |
| Expected change | +/- 3.39% |
Q4 2024
Beat
$0.580 (9.43%)
| Release date | Jan 28, 2025 |
| EPS estimate | $0.530 |
| EPS actual | $0.580 |
| EPS Surprise | 9.43% |
| Revenue estimate | 61.567M |
| Revenue actual | 60.807M |
| Revenue Surprise | -1.23% |
Q3 2024
Beat
$0.490 (2.08%)
| Release date | Oct 22, 2024 |
| EPS estimate | $0.480 |
| EPS actual | $0.490 |
| EPS Surprise | 2.08% |
| Revenue estimate | 58.98M |
| Revenue actual | 57.629M |
| Revenue Surprise | -2.29% |
Q2 2024
Beat
$0.480 (2.13%)
| Release date | Jul 23, 2024 |
| EPS estimate | $0.470 |
| EPS actual | $0.480 |
| EPS Surprise | 2.13% |
| Revenue estimate | 58.7M |
| Revenue actual | 106.714M |
| Revenue Surprise | 81.80% |
Last 4 Quarters for Hanmi Financial
Below you can see how HAFC performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q2 2024
Beat
| Release date | Jul 23, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $20.70 |
| EPS estimate | $0.470 |
| EPS actual | $0.480 |
| EPS surprise | 2.13% |
| Date | Price |
|---|---|
| Jul 17, 2024 | $19.80 |
| Jul 18, 2024 | $19.55 |
| Jul 19, 2024 | $19.51 |
| Jul 22, 2024 | $20.05 |
| Jul 23, 2024 | $20.70 |
| Jul 24, 2024 | $19.41 |
| Jul 25, 2024 | $20.10 |
| Jul 26, 2024 | $20.51 |
| Jul 29, 2024 | $19.87 |
| 4 days before | 4.55% |
| 4 days after | -4.01% |
| On release day | -6.23% |
| Change in period | 0.354% |
Q3 2024
Beat
| Release date | Oct 22, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $20.13 |
| EPS estimate | $0.480 |
| EPS actual | $0.490 |
| EPS surprise | 2.08% |
| Date | Price |
|---|---|
| Oct 16, 2024 | $20.71 |
| Oct 17, 2024 | $21.02 |
| Oct 18, 2024 | $20.65 |
| Oct 21, 2024 | $19.99 |
| Oct 22, 2024 | $20.13 |
| Oct 23, 2024 | $21.56 |
| Oct 24, 2024 | $23.04 |
| Oct 25, 2024 | $21.94 |
| Oct 28, 2024 | $22.92 |
| 4 days before | -2.80% |
| 4 days after | 13.86% |
| On release day | 7.10% |
| Change in period | 10.67% |
Q4 2024
Beat
| Release date | Jan 28, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $22.89 |
| EPS estimate | $0.530 |
| EPS actual | $0.580 |
| EPS surprise | 9.43% |
| Date | Price |
|---|---|
| Jan 22, 2025 | $23.04 |
| Jan 23, 2025 | $22.85 |
| Jan 24, 2025 | $22.98 |
| Jan 27, 2025 | $23.03 |
| Jan 28, 2025 | $22.89 |
| Jan 29, 2025 | $24.54 |
| Jan 30, 2025 | $24.25 |
| Jan 31, 2025 | $24.02 |
| Feb 03, 2025 | $24.07 |
| 4 days before | -0.651% |
| 4 days after | 5.16% |
| On release day | 7.21% |
| Change in period | 4.47% |
Q1 2025
(Upcoming)
| Release date | Apr 22, 2025 |
| Fiscal end date | Mar 30, 2025 |
| Price on release | - |
| EPS estimate | $0.570 |
| EPS actual | - |
| Date | Price |
|---|---|
| Apr 11, 2025 | $20.45 |
| Apr 14, 2025 | $20.78 |
| Apr 15, 2025 | $21.36 |
| Apr 16, 2025 | $21.40 |
| Apr 17, 2025 | $21.49 |
Hanmi Financial Earnings Call Transcript Summary of Q4 2024
Company Overview
The company's net income for 2024 was $62.2 million or $2.05 per diluted share, with a return on average assets of 0.83% and return on average equity of 7.97%.
Strategic Initiatives
- Continued progress in diversifying the loan portfolio, with a 16% increase in the Commercial and Industrial (C&I) portfolio.
- Significant growth in the Corporate Korea initiative, which saw a 23% increase in USKC loan portfolio, now making up 15% of overall loans.
- Efforts to reduce commercial real estate (CRE) exposure while maintaining high asset quality.
Financial Performance Highlights
- Deposits grew by 2.5%, with noninterest-bearing deposits increasing by 4.6%, now making up 32.6% of total deposits.
- Nonperforming assets improved to 0.19%, and the allowance for credit losses remains robust at 1.12%.
- Net interest income rose 6.8% to $53.4 million; net interest margin increased to 2.91%, thanks to reduced rates on interest-bearing deposits.
Cost Management and Investments
- Noninterest expenses rose modestly by 3.5% for the year. Investment in digital systems is expected to improve operational efficiencies.
- Branch optimization continued, including the consolidation of three branches, aimed at saving costs and improving service delivery.
Dividend and Shareholder Return
- The board approved an 8% increase in the quarterly dividend to $0.27 per share, reflecting confidence in growth strategy.
Future Growth Outlook
- For 2025, the company aims for low to mid-single-digit loan growth, focusing on expanding C&I exposure and reducing CRE percentages.
- The company plans to continue selling residential mortgage loans in the secondary market to strengthen the balance sheet.
- Hiring additional bankers to expand C&I business and attract core deposit growth are key priorities.
Market Conditions and Asset Quality
- Deposits competition remains intense but Hanmi remains focused on relationship banking rather than leading with high rates.
- Current overall exposure to Small Business Administration (SBA) loans is about $250 million, with a stable performance relative to competitors.
Conclusion
Hanmi Financial Corporation is strategically positioned for sustainable growth with a focus on relationship-driven banking. The company has demonstrated strong financial performance, robust asset quality, and a commitment to returning value to shareholders while preparing for future opportunities in a dynamic market environment.
Hanmi Financial Earnings History
Earnings Calendar
FAQ
When is the earnings report for HAFC?
Hanmi Financial Corporation (HAFC) has scheduled its earnings report for Apr 22, 2025 after the markets close.
What is the HAFC price-to-earnings (P/E) ratio?
HAFC P/E ratio as of Apr 17, 2025 (TTM) is 10.30.
What is the HAFC EPS forecast?
The forecasted EPS (Earnings Per Share) for Hanmi Financial Corporation (HAFC) for the first fiscal quarter 2025 is $0.570.
What are Hanmi Financial Corporation's retained earnings?
On its balance sheet, Hanmi Financial Corporation reported retained earnings of $60.81 million for the latest quarter ending Dec 31, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
