See more : Mahan Industries Limited (MAHANIN.BO) 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 Reports 2024 Second Quarter Results
LOS ANGELES, July 23, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today reported financial results for the second quarter of 2024.
Looming Deadline - Levi & Korsinsky Encourages Shareholders of Hanmi Financial Corporation (HAFC) to File a Share in Class Action Recovery
NEW YORK, NY / ACCESSWIRE / July 18, 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...
Strength Seen in Hanmi Financial (HAFC): Can Its 6.3% Jump Turn into More Strength?
Hanmi Financial (HAFC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
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 16, 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...
Looming Deadline - Levi & Korsinsky Encourages Shareholders of Hanmi Financial Corporation (HAFC) to File a Share in Class Action Recovery
NEW YORK, NY / ACCESSWIRE / July 16, 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...
Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks With Over 5% Dividend Yields
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
Hanmi Financial Corporation Announces Second Quarter 2024 Earnings and Conference Call Date
LOS ANGELES, July 09, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced that it will report second quarter 2024 financial results at the market close on Tuesday, July 23, 2024....
Deadline Approaching for Receiving Share of Hanmi Financial Corporation (HAFC) Recovery - Contact Levi & Korsinsky, LLP for Further Details
NEW YORK, NY / ACCESSWIRE / July 9, 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...
Deadline Approaching for Receiving Share of Hanmi Financial Corporation (HAFC) Recovery - Contact Levi & Korsinsky, LLP for Further Details
NEW YORK, NY / ACCESSWIRE / July 2, 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 / June 27, 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...
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