NASDAQ$HAFC

Hanmi Financial Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Hanmi's Q4 2024 performance was marked by strong earnings growth, driven by net interest margin expansion and disciplined expense management.

Hanmi Financial Corporation reported a strong fourth quarter in 2024, with net income of $17.7 million, or $0.58 per diluted share. This was driven by net interest margin expansion and disciplined expense management. The company's asset quality also improved.

  • Net income for Q4 2024 was $17.7 million, or $0.58 per diluted share, compared to $14.9 million, or $0.49 per diluted share, for Q3 2024.
  • Net interest margin expanded by 17 basis points to 2.91% in Q4 2024.
  • Nonperforming assets as a percentage of total assets decreased to 0.19%.
  • Deposits increased by $32.6 million, driven by an increase in noninterest-bearing demand deposits.

Headline financials

Total Revenue

$60.8M

Previous: $59.8M+1.6%
EPS (adj)

$0.58

Previous: $0.61-4.9%
Efficiency Ratio

56.8%

Previous: 58.9%-3.5%
Return on Average Assets

0.9%

Previous: 1.0%-6.1%
Return on Average Equity

8.9%

No prior period
Net Interest Margin

2.9%

No prior period
Tangible Common Equity to Tangible Assets

9.4%

No prior period
Tangible Common Equity per Share

$23.88

No prior period
Cost of Deposits

2.7%

No prior period
Allowance for Credit Losses to Loans

1.1%

No prior period
Common Equity Tier 1 Capital Ratio

12.1%

Previous: 11.9%+2.1%
Total Risk-Based Capital Ratio

15.2%

Previous: 14.9%+1.9%
Tier 1 Risk-Based Capital Ratio

12.5%

No prior period
Tier 1 Leverage Capital Ratio

10.6%

No prior period
Loans 30-89 Days Past Due

$18.5M

No prior period
Nonperforming Loans

$14.3M

No prior period
Nonperforming Assets

$14.4M

No prior period
Net Charge-offs to Average Loans

-0.0%

No prior period
Criticized Loans

$165M

No prior period
Criticized Loans to Total Loans

2.6%

No prior period
Nonperforming Assets to Total Assets

0.2%

No prior period
Nonperforming Loans to Total Loans

0.2%

No prior period
Capital Expenditures

-$840K

No prior period
Net Income

$17.7M

Previous: $18.6M-4.8%
Operating Income

$26.3M

Previous: $24.6M+6.9%

Revenue & EPS history

Hanmi · Revenue · Quarterly

$60.8M

Q4 2024+1.6%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

The press release does not contain specific forward guidance. It expresses optimism about the company's position to execute its growth strategy, based on its strong capital foundation and the team's dedication.

Tailwinds

  • Well positioned to execute on growth strategy
  • Strong capital foundation
  • Team's unwavering dedication to serving customers
  • Commitment to deliver long-term value for shareholders
  • Proactive monitoring of the portfolio

Headwinds

  • Forward-looking statements involve known and unknown risks and uncertainties.
  • Factors may cause actual results to differ from those expressed in forward-looking statements.
  • Higher expenses and lower revenue
  • Competition in the financial services industry
  • Changes in economic conditions

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 2024

Historical avgQ4 2024

-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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