NASDAQ$HAFC

Hanmi Financial Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Hanmi reported a strong performance in Q4 2020, marked by excellent loan production, stable net interest margin, and careful expense management.

Hanmi Financial Corporation reported a net income of $14.3 million for the fourth quarter of 2020, or $0.47 per diluted share, compared to $3.1 million, or $0.10 per diluted share for the fourth quarter of 2019. The quarter was highlighted by a significant increase in total loan and lease production and a stable net interest margin.

  • Net income for Q4 2020 was $14.3 million, or $0.47 per diluted share.
  • Total loan and lease production increased by more than 27% from the prior quarter.
  • Net interest margin remained stable at 3.13%.
  • Noninterest expense declined by 9.3% year-over-year.

Headline financials

Total Revenue

$55.7M

Previous: $50.6M+10.0%
EPS (adj)

$0.47

Previous: $0.33+42.4%
Efficiency Ratio

55.5%

Previous: 61.9%-10.3%
Net Interest Margin

3.1%

No prior period
Allowance for Credit Losses to Loans

1.9%

No prior period
Total Risk-Based Capital Ratio

15.3%

Previous: 15.0%+2.0%
Tier 1 Risk-Based Capital Ratio

12.0%

Previous: 11.8%+2.1%
Loans 30-89 Days Past Due

$0.19

Previous: $0.22-13.6%
Nonperforming Loans

$1.70

Previous: $1.38+23.2%
Nonperforming Assets

$1.38

Previous: $1.15+20.0%
Net Income

$14.3M

Previous: $3.1M+361.3%
Operating Income

$24.8M

Previous: $16.5M+50.3%
Cash & Equivalents

$950M

Previous: $122M+680.7%
Total Assets

$6.2B

Previous: $5.54B+12.0%
Stock-Based Comp

$633K

Previous: $859K-26.3%

Revenue & EPS history

Hanmi · Revenue · Quarterly

$55.7M

Q4 2020+10%vs Q4 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Hanmi anticipates profitable growth due to its solid balance sheet, strong capital position, and robust loan and deposit franchise, remaining cautiously optimistic about continued economic improvement.

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 Q4 2020

Historical avgQ4 2020

-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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