NASDAQ$HAFC

Hanmi Financial Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported solid earnings driven by healthy loan production, net interest margin expansion, excellent credit quality and carefully managed expenses.

Hanmi Financial Corporation reported a net income of $20.7 million for Q1 2022, or $0.68 per diluted share. The company saw strong loan growth, net interest margin expansion and excellent credit quality.

  • Net income for the first quarter of 2022 was $20.7 million, or $0.68 per diluted share.
  • Net interest income was $51.0 million for the first quarter of 2022.
  • Loans receivable, before the allowance for credit losses, were $5.34 billion at March 31, 2022, up 3.6% from December 31, 2021.
  • Noninterest-bearing demand deposits represented 46.3% of total deposits at March 31, 2022.

Headline financials

Total Revenue

$59.5M

Previous: $55.8M+6.6%
EPS (adj)

$0.68

Previous: $0.54+25.9%
Efficiency Ratio

53.3%

Previous: 52.9%+0.7%
Return on Average Assets

1.2%

No prior period
Free Cash Flow

$20.7M

Previous: $16.7M+24.2%
Net Income

$20.7M

Previous: $16.7M+24.2%
Operating Income

$38.1M

Previous: $38M+0.4%
Gross Profit

$59.5M

Previous: $55.8M+6.6%
Cash & Equivalents

$312M

Previous: $646M-51.7%
Total Assets

$6.74B

Previous: $6.44B+4.7%
Stock-Based Comp

$541K

Previous: $598K-9.5%

Revenue & EPS history

Hanmi · Revenue · Quarterly

$59.5M

Q1 2022+6.6%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Hanmi will remain focused on continuing to drive disciplined growth and deliver attractive returns for our shareholders in 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+2.2%

Avg return

30 days after

50%

33 / 66 earnings

Positive

+15.7%

Q1 2010

Best reaction

-18.3%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.0%+11.4%+9.3%
Q4 2025-13.0%-3.6%-8.3%
Q3 2025+8.2%+11.2%+11.5%
Q2 2025-2.3%-1.4%+2.8%
Q1 2025+3.4%+1.1%+1.3%
Q4 2024+7.2%+5.2%+4.9%
Q3 2024+7.9%+9.8%+28.8%
Q2 2024-3.2%+2.3%-5.4%
Q1 2024-0.5%+4.0%+2.8%
Q4 2023-11.3%-9.9%-20.6%
Q3 2023-6.0%-4.6%+11.2%
Q2 2023+4.2%+7.4%-2.3%
Q1 2023-10.1%-9.7%-17.7%
Q4 2022-7.0%-6.0%-1.7%
Q3 2022+4.4%+6.7%+4.3%
Q2 2022+5.2%+5.5%+8.6%
Q1 2022-4.2%-6.4%-6.6%
Q4 2021+6.4%+4.4%-0.4%
Q3 2021+3.1%+4.8%+17.1%
Q2 2021+5.6%+4.2%+7.9%
Q1 2021+0.1%-0.2%+3.3%
Q4 2020+3.2%+11.8%+39.1%
Q3 2020-0.8%-0.4%+20.4%
Q2 2020+2.8%-0.4%+4.5%
Q1 2020-18.3%-25.0%-28.6%
Q4 2019-7.5%-8.4%-13.3%
Q3 2019-2.0%-2.8%+3.7%
Q2 2019+0.1%-1.4%+8.4%
Q1 2019+6.1%+8.3%-1.0%
Q4 2018-2.7%+4.5%+8.4%
Q3 2018-14.1%-6.3%-0.3%
Q2 2018-10.5%-10.3%-4.2%
Q1 2018-8.2%-9.8%-2.3%
Q4 2017-1.4%-1.9%-2.8%
Q3 2017-0.8%+0.6%-4.5%
Q2 2017-2.3%-0.2%-7.3%
Q1 2017-2.8%+0.2%-3.7%
Q4 2016+0.0%-1.0%-1.7%
Q3 2016-10.7%-7.5%+18.3%
Q2 2016+1.5%+2.0%+3.7%
Q1 2016+6.2%
Q4 2015+0.9%
Q3 2015-2.9%
Q2 2015-0.1%
Q1 2015+2.9%
Q4 2014-0.2%
Q3 2014+1.4%
Q2 2014-0.5%
Q1 2014-0.4%
Q4 2013+5.1%
Q3 2013-2.1%
Q2 2013-0.2%
Q1 2013-2.0%
Q4 2012-0.2%
Q3 2012-1.4%
Q2 2012+5.4%
Q1 2011+2.5%
Q1 2012+2.7%
Q4 2011+5.8%
Q4 2010+5.8%
Q4 2009+5.8%
Q3 2011+1.0%
Q3 2010+1.0%
Q2 2011+1.9%
Q2 2010+1.9%
Q1 2010+15.7%

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