Hanmi Financial Stock Earnings Reports

Hanmi reported a strong start to 2026 with solid earnings, disciplined credit and deposit growth supporting margin expansion. Key financials: net income was $22.6 million ($0.75 diluted EPS); net interest margin expanded 10 bps sequentially to 3.38% (seventh consecutive quarterly NIM expansion); return on assets 1.18% and return on equity 10.86%. Deposits grew (2% sequentially, ~7% annualized) with noninterest-bearing deposits about 30% of total; Corporate Korea (USKC) deposits surpassed $1.1 billion and represented ~17% of total deposits. Loan production was $378 million (C&I up 64% sequentially) but total loans declined slightly due to higher-than-normal payoffs. Asset quality improved materially: nonperforming assets fell 38% and remain very low (0.16% of assets). Management emphasized disciplined underwriting, active portfolio oversight, continued investments in talent/technology (selective), disciplined expense management (efficiency ratio improved to 53.5%) and returning capital to shareholders (dividends + repurchases of $13.4 million in the quarter). Near-term drivers to watch: deposit cost trends (time deposit rolloffs and repricing), CRE maturities (~$1B over next 12 months) that can be repriced at higher yields, SBA production/sales cadence, and potential modest margin benefit from securities cash flows repricing. Management reiterated guidance of low- to mid-single-digit loan growth for 2026, continued focus on deposit growth (especially noninterest-bearing), and a prudent credit posture.