See more : Chiyoda Corporation (CHYCY) Income Statement Analysis – Financial Results
Complete financial analysis of Hanmi Financial Corporation (HAFC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Hanmi Financial Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Hanmi Financial Corporation (HAFC)
About Hanmi Financial Corporation
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit. It also provides real estate loans, such as commercial property, construction, and residential property loans; and commercial and industrial loans, such as commercial term loans and commercial lines of credit, as well as international finance, and trade services and products comprising letters of credit, and import and export financing. In addition, the company offers consumer loans, secured and unsecured loans, home equity loans, residential mortgages, and credit cards; SBA and trade finance lending to small and middle market businesses; and small business administration loans for business purposes, which comprise owner-occupied commercial real estate, business acquisitions, start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt-refinancing, as well as equipment lease financing. As of February 28, 2022, it operated a network of 35 full-service branches and 8 loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia. The company was founded in 1982 and is headquartered in Los Angeles, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 249.17M | 271.85M | 235.55M | 224.00M | 203.42M | 205.53M | 210.22M | 193.27M | 195.72M | 149.90M | 139.84M | 125.34M | 125.03M | 131.28M | 133.34M | 169.67M | 193.28M | 189.36M | 169.21M | 129.15M | 76.64M | 69.18M | 60.94M | 56.34M | 46.29M |
| Cost of Revenue | 11.26M | 0.00 | 9.58M | 10.02M | 16.39M | 11.26M | 10.87M | 10.99M | 10.81M | 6.41M | 8.10M | 6.94M | 8.19M | 8.56M | 11.04M | 16.23M | 11.87M | 10.11M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 237.91M | 271.85M | 225.97M | 213.98M | 187.03M | 194.28M | 199.35M | 182.28M | 184.91M | 143.49M | 131.75M | 118.40M | 116.84M | 122.72M | 122.30M | 153.44M | 181.41M | 179.25M | 169.21M | 129.15M | 76.64M | 69.18M | 60.94M | 56.34M | 46.29M |
| Gross Profit Ratio | 95.48% | 100.00% | 95.93% | 95.53% | 91.94% | 94.52% | 94.83% | 94.31% | 94.48% | 95.72% | 94.21% | 94.46% | 93.45% | 93.48% | 91.72% | 90.43% | 93.86% | 94.66% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 81.40M | 76.14M | 72.56M | 66.99M | 67.90M | 69.44M | 67.94M | 63.96M | 62.86M | 52.90M | 40.94M | 42.55M | 54.50M | 56.28M | 52.17M | 42.21M | 47.04M | 40.51M | 36.84M | 33.54M | 21.21M | 17.93M | 16.79M | 14.25M | 12.37M |
| Selling & Marketing | 3.11M | 3.64M | 2.65M | 2.67M | 3.80M | 4.04M | 3.95M | 3.91M | 4.20M | 3.44M | 4.08M | 3.88M | 2.99M | 2.39M | 2.40M | 3.52M | 3.63M | 3.00M | 2.91M | 3.00M | 1.64M | 1.52M | 1.75M | 1.72M | 1.42M |
| SG&A | 84.50M | 79.78M | 75.21M | 69.66M | 71.70M | 73.48M | 71.90M | 67.87M | 67.07M | 56.34M | 45.02M | 46.42M | 54.50M | 56.28M | 54.57M | 45.73M | 50.67M | 43.51M | 39.75M | 36.54M | 22.85M | 19.45M | 18.53M | 15.97M | 13.79M |
| Other Expenses | 165.00M | -189.79M | -175.26M | 452.00K | -227.77M | -151.53M | -30.46M | -28.96M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 790.00K | 0.00 | 0.00 | 0.00 | 0.00 | -52.17M | -73.40M | -47.06M | -41.24M | -18.97M | -15.10M | -20.55M |
| Operating Expenses | 249.51M | -110.01M | -100.05M | 70.11M | -156.08M | -68.18M | 9.42M | 9.28M | 12.11M | 11.00M | 11.48M | 8.57M | 7.18M | 5.92M | 6.50M | 7.06M | 6.10M | 4.91M | -12.42M | -36.86M | -24.21M | -21.79M | -437.35K | 867.04K | -6.76M |
| Cost & Expenses | 249.51M | -110.01M | -100.05M | 70.11M | -156.08M | -68.18M | 20.28M | 20.28M | 22.91M | 17.41M | 19.58M | 15.51M | 15.37M | 14.47M | 17.54M | 23.29M | 17.97M | 15.02M | -12.42M | -36.86M | -24.21M | -21.79M | -437.35K | 867.04K | -6.76M |
| Interest Income | 368.10M | 272.79M | 215.73M | 222.96M | 245.63M | 232.98M | 208.09M | 176.00M | 161.44M | 134.97M | 120.92M | 118.98M | 128.27M | 143.98M | 183.49M | 238.18M | 280.90M | 260.19M | 199.11M | 134.17M | 77.76M | 69.61M | 76.94M | 72.52M | 52.62M |
| Interest Expense | 148.06M | 36.17M | 21.63M | 42.97M | 70.90M | 53.38M | 32.52M | 18.27M | 16.11M | 14.03M | 13.51M | 18.75M | 27.63M | 38.64M | 82.92M | 103.78M | 128.69M | 106.43M | 62.11M | 32.62M | 20.80M | 21.35M | 32.99M | 30.89M | 18.85M |
| Depreciation & Amortization | 9.25M | 15.06M | 4.62M | 10.95M | 3.61M | 2.96M | 345.00K | 3.23M | 17.85M | 133.00K | 164.00K | 198.00K | 2.86M | 3.44M | 1.57M | 6.32M | 5.50M | 5.57M | 6.05M | 7.57M | 1.89M | 1.43M | 1.28M | 610.61K | 1.59M |
| EBITDA | 0.00 | 155.78M | 8.06M | 9.63M | 6.27M | 5.29M | 6.25M | 6.41M | 102.16M | 74.92M | 64.42M | 0.00 | 0.00 | 0.00 | -142.55M | 0.00 | 0.00 | 124.93M | 108.09M | 73.59M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | 0.00% | 65.07% | 64.35% | 31.45% | 27.96% | 72.23% | 66.91% | 63.25% | 64.36% | 63.29% | 55.51% | 51.12% | 47.49% | -35.00% | -50.11% | 3.92% | 50.78% | 115.25% | 96.24% | 77.32% | 70.88% | 70.57% | 101.39% | 102.62% | 88.84% |
| Operating Income | 15.37M | 161.84M | 135.49M | 59.50M | 47.35M | 137.35M | 6.25M | 6.41M | 4.55M | 3.58M | 735.00K | 538.00K | 751.00K | 867.00K | 704.00K | 214.90M | 262.93M | 245.17M | 156.80M | 92.29M | 52.44M | 47.39M | 60.50M | 57.20M | 39.53M |
| Operating Income Ratio | 6.17% | 59.53% | 57.52% | 26.56% | 23.28% | 66.83% | 2.97% | 3.32% | 2.33% | 2.39% | 0.53% | 0.43% | 0.60% | 0.66% | 0.53% | 126.66% | 136.03% | 129.47% | 92.66% | 71.46% | 68.42% | 68.50% | 99.28% | 101.54% | 85.40% |
| Total Other Income/Expenses | 99.21M | -15.06M | 370.00K | -9.02M | -16.39M | -12.10M | -11.13M | -11.37M | -13.08M | -1.93M | -9.81M | -5.14M | 28.13M | -88.89M | -154.11M | -318.34M | -298.97M | 0.00 | 509.00K | -2.05M | -20.80M | -21.35M | -32.99M | -30.89M | -18.85M |
| Income Before Tax | 114.58M | 140.73M | 135.49M | 59.50M | 47.35M | 83.97M | 95.28M | 89.39M | 92.01M | 72.58M | 61.99M | 43.01M | 28.88M | -88.02M | -153.40M | -103.45M | -36.04M | 106.24M | 94.68M | 59.68M | 31.64M | 26.04M | 27.51M | 26.31M | 20.69M |
| Income Before Tax Ratio | 45.99% | 51.77% | 57.52% | 26.56% | 23.28% | 40.85% | 45.33% | 46.25% | 47.01% | 48.42% | 44.33% | 34.31% | 23.10% | -67.05% | -115.05% | -60.97% | -18.65% | 56.10% | 55.96% | 46.21% | 41.28% | 37.65% | 45.15% | 46.70% | 44.69% |
| Income Tax Expense | 34.54M | 39.33M | 36.82M | 17.30M | 14.56M | 26.10M | 40.62M | 32.90M | 38.18M | 22.38M | 22.09M | -47.37M | 733.00K | -12.00K | -31.13M | -1.36M | 24.48M | 40.59M | 36.46M | 22.98M | 12.43M | 9.01M | 10.70M | 10.79M | 8.68M |
| Net Income | 80.04M | 101.39M | 98.68M | 42.20M | 32.79M | 57.87M | 54.66M | 56.49M | 53.82M | 49.76M | 39.91M | 90.37M | 28.15M | -88.01M | -122.28M | -102.09M | -60.52M | 65.65M | 58.23M | 36.70M | 19.21M | 17.03M | 16.81M | 15.52M | 12.01M |
| Net Income Ratio | 32.12% | 37.30% | 41.89% | 18.84% | 16.12% | 28.16% | 26.00% | 29.23% | 27.50% | 33.20% | 28.54% | 72.10% | 22.51% | -67.04% | -91.70% | -60.17% | -31.31% | 34.67% | 34.41% | 28.42% | 25.07% | 24.62% | 27.58% | 27.56% | 25.93% |
| EPS | 2.63 | 3.33 | 3.22 | 1.38 | 1.06 | 1.81 | 1.70 | 1.76 | 1.69 | 1.57 | 1.26 | 2.87 | 1.38 | -7.46 | -20.56 | -17.80 | -10.13 | 10.72 | 9.44 | 3.48 | 2.72 | 4.92 | 4.51 | 2.49 | 3.19 |
| EPS Diluted | 2.62 | 3.32 | 3.22 | 1.38 | 1.06 | 1.81 | 1.69 | 1.75 | 1.68 | 1.56 | 1.26 | 2.87 | 1.38 | -7.46 | -20.56 | -17.80 | -10.13 | 10.64 | 9.36 | 3.36 | 2.68 | 4.80 | 4.44 | 2.49 | 3.19 |
| Weighted Avg Shares Out | 30.27M | 30.30M | 30.39M | 30.28M | 30.73M | 31.92M | 32.07M | 31.90M | 31.79M | 31.70M | 31.60M | 31.48M | 20.41M | 11.79M | 5.95M | 5.73M | 5.97M | 6.11M | 6.15M | 10.57M | 7.02M | 3.46M | 3.72M | 3.39M | 3.77M |
| Weighted Avg Shares Out (Dil) | 30.33M | 30.39M | 30.47M | 30.28M | 30.76M | 32.05M | 32.25M | 32.05M | 31.88M | 31.98M | 31.70M | 31.52M | 20.42M | 11.79M | 5.95M | 5.73M | 5.97M | 6.18M | 6.24M | 10.88M | 7.17M | 3.55M | 3.79M | 3.41M | 3.77M |
Hanmi Financial to Participate in the Janney Financial Services Conference
LOS ANGELES, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today announced its participation in the Janney Financial Services Conference on Tuesday, September 17, 2024, in Washington,...
Hanmi Financial: 5.0% Dividend Yield And Next Year's Earnings Outlook Is Stable
Even after a disappointing first half of the year, the macroeconomy gives hope that loan growth can bounce back. Interest rate cuts will lift loan growth but pressurize the margin. The December 2024 target price suggests a mid-single digit upside...
Deadline Approaching for Receiving Share of Hanmi Financial Corporation (HAFC) Recovery - Contact Levi & Korsinsky, LLP for Further Details
NEW YORK, NY / ACCESSWIRE / August 6, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Hanmi Financial Corporation (NASDAQ:HAFC). The settlement provides for a fund of $3,000,000...
Time Sensitive - Reminder from Levi & Korsinsky, LLP to File Claim for Share of Hanmi Financial Corporation (HAFC) Settlement Fund Before Deadline
NEW YORK, NY / ACCESSWIRE / August 1, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Hanmi Financial Corporation (NASDAQ:HAFC). The settlement provides for a fund of $3,000,000...
Hanmi Financial Corporation (HAFC) Shareholders - L&K, LLP Encourages you to File a Claim Against the Settlement Fund Before Deadline
NEW YORK, NY / ACCESSWIRE / July 30, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Hanmi Financial Corporation (NASDAQ:HAFC). The settlement provides for a fund of $3,000,000...
Hanmi Financial Declares Cash Dividend of $0.25 per share
LOS ANGELES, July 25, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today announced that its Board of Directors declared a cash dividend on its common stock for the...
Hanmi Financial (HAFC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Hanmi Financial (HAFC) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Hanmi Financial Corporation (HAFC) Q2 2024 Earnings Call Transcript
Hanmi Financial Corporation (NASDAQ:HAFC ) Q2 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants Ben Brodkowitz - IR, Financial Profiles, Inc. Bonnie Lee - President & CEO Anthony Kim - CBO Ron Santarosa - CFO Conference...
Hanmi Financial (HAFC) Q2 Earnings Meet Estimates
Hanmi Financial (HAFC) came out with quarterly earnings of $0.48 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.67 per share a year ago.
Looming Deadline - Levi & Korsinsky Encourages Shareholders of Hanmi Financial Corporation (HAFC) to File a Share in Class Action Recovery
NEW YORK, NY / ACCESSWIRE / July 23, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Hanmi Financial Corporation (NASDAQ: HAFC). The settlement provides for a fund of...
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