NASDAQ$HAFC

Hanmi Financial Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Hanmi's second quarter earnings were driven by loan and lease production, deposit growth, and improved asset quality, resulting in record earnings.

Hanmi Financial Corporation reported a record net income of $22.1 million for the second quarter of 2021, driven by loan and lease production, deposit growth and improving asset quality.

  • Net income for the second quarter of 2021 was $22.1 million, or $0.72 per diluted share, compared to $16.7 million, or $0.54 per diluted share for the first quarter.
  • New loan and lease production increased to $465.6 million, up nearly 34% from the prior quarter.
  • Excluding PPP loans, loans receivable were up 2.5% from the prior quarter.
  • Nonaccrual loans declined nearly 30% from the prior quarter, with a $3.3 million recovery of credit loss expense.

Headline financials

Total Revenue

$58.5M

Previous: $65.4M-10.6%
EPS (adj)

$0.72

Previous: $0.30+140.0%
Efficiency Ratio

52.7%

Previous: 41.5%+26.9%
Allowance for Credit Losses to Loans

1.7%

Previous: 1.8%-3.4%
Total Risk-Based Capital Ratio

15.4%

Previous: 14.0%+9.8%
Tier 1 Risk-Based Capital Ratio

12.2%

Previous: 10.9%+12.1%
Free Cash Flow

$22.1M

Previous: $9.18M+141.1%
Net Income

$22.1M

Previous: $9.18M+141.1%
Operating Income

$37.4M

Previous: $39.1M-4.3%
Gross Profit

$58.5M

Previous: $65.4M-10.6%
Cash & Equivalents

$698M

Previous: $546M+27.8%
Total Assets

$6.58B

Previous: $6.22B+5.8%
Stock-Based Comp

$637K

Previous: $626K+1.8%

Revenue & EPS history

Hanmi · Revenue · Quarterly

$58.5M

Q2 2021-10.6%vs Q2 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

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 Q2 2021

Historical avgQ2 2021

-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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