See more : NAVKAR URBANSTRUCTURE LIMITED (NAVKAR.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 |
Down -8.51% in 4 Weeks, Here's Why Hanmi Financial (HAFC) Looks Ripe for a Turnaround
Hanmi Financial (HAFC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Should Value Investors Buy Hanmi Financial (HAFC) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
Hanmi Financial Corporation Announces Third Quarter 2023 Earnings and Conference Call Date
LOS ANGELES, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced that it will report third quarter 2023 financial results at the market close on Tuesday, October 24, 2023....
Are Investors Undervaluing Hanmi Financial (HAFC) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong...
American Banker names Bonnie Lee as one of 2023's The Most Powerful Women to Watch™ honorees
LOS ANGELES, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced that Bonnie Lee, its President and CEO, has been recognized as a 2023 American Banker Most Powerful Women...
Hanmi Financial Declares Cash Dividend of $0.25 per share
LOS ANGELES, July 27, 2023 (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...
Compared to Estimates, Hanmi Financial (HAFC) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Hanmi Financial (HAFC) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street...
Hanmi Financial Corporation (HAFC) Q2 2023 Earnings Call Transcript
Hanmi Financial Corporation (NASDAQ:HAFC ) Q2 2023 Earnings Conference Call July 25, 2023 5:00 PM ET Company Participants Larry Clark - Investor Relations Bonnie Lee - President and Chief Executive Officer Anthony Kim - Chief Banking Officer Ron Santarosa -...
Hanmi Financial (HAFC) Q2 Earnings Top Estimates
Hanmi Financial (HAFC) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.82 per share a year ago.
Hanmi Reports 2023 Second Quarter Results
LOS ANGELES, July 25, 2023 (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 2023.
Source: https://incomestatements.info
Category: Stock Reports