Los Angeles New York/ New Jersey Virginia Chicago Dallas Houston San Francisco San Diego 4Q24 Earnings Supplemental Presentation January 28, 2025 Forward-Looking Statements Hanmi Financial Corporation (the "Company") cautions investors that any statements contained herein that are not historical facts are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, those statements regarding operating an ...

Financial Performance - Net income for Q4 2024 was $17.7 million, or $0.58 per diluted share, an increase of 18.8% from $14.9 million, or $0.49 per diluted share in Q3 2024[3]. - For the full year 2024, net income was $62.2 million, or $2.05 per diluted share, down from $80.0 million, or $2.62 per diluted share in 2023[4]. - Noninterest income for Q4 2024 decreased by $1,000 thousand, or 12.8%, to $7,357 thousand compared to Q3 2024[18]. - Total noninterest income for 2024 decreased by $2,600 thousand, or 7.6%, to $31,600 thousand from $34,200 thousand in 2023[19]. - Net income for the twelve months ended December 31, 2024, was $62,201, a decrease of 22.3% from $80,041 in the previous year[58]. - The company declared a cash dividend of $0.25 per share for the fourth quarter of 2024, payable on November 20, 2024[47]. Asset and Loan Management - Loans receivable were $6.25 billion at the end of Q4 2024, essentially unchanged from Q3 2024, with loan production of $339.0 million at a weighted average interest rate of 7.37%[7]. - Loans receivable for Q4 2024 totaled $6,103,264 thousand, a decrease of 0.1% from Q3 2024 and an increase of 0.5% from Q4 2023[13]. - The balance of unused commitments to extend credit was $782,587 thousand as of December 31, 2024, up from $739,975 thousand as of September 30, 2024[46]. - New loan production for the fourth quarter of 2024 was $339.0 million at an average rate of 7.37%[28]. - Commercial real estate loan production for the fourth quarter of 2024 was $146.7 million, while total new loan production for 2024 was $1.20 billion, a decrease of 7.4% from 2023[30][29]. Deposits and Funding - Deposits totaled $6.44 billion at the end of Q4 2024, up 0.5% from Q3 2024, with noninterest-bearing demand deposits representing 32.6% of total deposits[7]. - Total deposits increased to $6,435,776 thousand as of December 31, 2024, reflecting a 0.5% increase from the previous quarter and a 2.5% increase year-over-year[33]. - The loan-to-deposit ratio was 97.1% at the end of the fourth quarter of 2024[32]. - Average interest-bearing liabilities decreased to $4,632,858 thousand, a decline of 0.8% from Q3 2024[13]. Interest Income and Margin - Net interest income for Q4 2024 was $53.4 million, a 6.8% increase from $50.1 million in Q3 2024, primarily due to a decrease in interest expense on deposits[10]. - The net interest margin for Q4 2024 increased by 17 basis points to 2.91% compared to 2.74% in Q3 2024[10]. - Total interest and dividend income for the three months ended December 31, 2024, was $100,113, a decrease of 0.3% from the previous quarter and an increase of 3.0% year-over-year[56]. - The net interest margin (taxable equivalent basis) was reported at 2.91% for the three months ended December 31, 2024[61]. - The average yield on loans receivable rose to 5.99% in 2024 from 5.69% in 2023, while the average yield on securities increased to 2.22% from 1.78%[62]. Credit Quality and Allowance for Losses - Nonperforming assets as a percentage of total assets decreased to 0.19%[5]. - The allowance for credit losses increased to $70.1 million, or 1.12% of loans, with net loan recoveries of $0.1 million in Q4 2024[7]. - Nonperforming loans decreased to $14.3 million, down from $15.5 million in the previous quarter, reflecting a reduction in charge-offs and upgrades[40]. - The allowance for credit losses was $70.1 million, with a ratio of 1.12% to loans as of December 31, 2024, compared to 1.11% in the previous quarter[43]. - The net loan charge-offs to average loans ratio was -0.01% for Q4 2024, compared to -0.33% for Q4 2023, indicating an improvement in credit quality[46]. Operational Efficiency - Noninterest expense for Q4 2024 decreased by $600 thousand to $34,500 thousand from $35,100 thousand in Q3 2024[21]. - The efficiency ratio for Q4 2024 improved to 56.8%, compared to 60.0% in Q3 2024[21]. - Noninterest expense for 2024 increased by $4,800 thousand, or 3.5%, to $141,300 thousand from $136,500 thousand in 2023[22]. Capital and Equity - Stockholders' equity decreased to $732.2 million, down $4.5 million from the previous quarter, primarily due to a $14.6 million increase in unrealized after-tax losses on securities[33]. - The common equity tier 1 capital ratio improved to 12.11% as of December 31, 2024, compared to 11.95% at the end of the prior quarter[34]. - The tangible common stockholders' equity was $721.1 million, or 9.41% of tangible assets, slightly down from 9.42% in the previous quarter[33]. - Stockholders' equity increased to $780,809 thousand as of December 31, 2024, from $747,908 thousand in the previous year[62].

LOS ANGELES, Jan. 28, 2025 (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 2025 first quarter of $0.27 per share, up 8% from the prior quarter. The dividend will be paid on February 26, 2025, to stockholders of record as of the close of business on February 10, 2025. "Following another quarter of successful execution across our business, ...

LOS ANGELES, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today reported financial results for the fourth quarter of 2024 and full year. Net income for the fourth quarter of 2024 was $17.7 million, or $0.58 per diluted share, compared with $14.9 million, or $0.49 per diluted share, for the third quarter of 2024. The return on average assets for the fourth quarter of 2024 was 0.93% and the return on average equity was ...

LOS ANGELES, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today announced its participation in the Janney 5th Annual Bank CEO Forum on Wednesday, January 29 and Thursday, January 30, 2025, in Scottsdale, AZ. Bonnie Lee, President and Chief Executive Officer, and Ron Santarosa, Chief Financial Officer, will host one-on-one and small group meetings throughout the day. A copy of the presentation being used for meetings ...

LOS ANGELES, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, today announced that it will report fourth quarter 2024 financial results after the market close on Tuesday, January 28, 2025. Management will host a conference call that same day, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. Investment professionals and all current and prospective shareholders are invited to access the live call on January 28 ...

LOS ANGELES, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), today announced that Hanmi Bank opened its first representative office in Seoul, South Korea, which further enhances the bank’s U.S. Subsidiaries of Korean Companies (“USKC”) business initiative. The new representative office is located within the International Finance Center Seoul (“IFC”) and will allow Hanmi Bank to better reach and support its USKC customer base. This latest effort complements the bank’s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From To Commission File Number: 000-30421 HANMI FINANCIAL CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 95-4788120 (State or Other Jurisdict ...

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Hanmi Financial Corporation (NASDAQ:HAFC) Q3 2024 Earnings Conference Call October 22, 2024 5:00 PM ET Company Participants Ben Brodkowitz - IR, Financial Profiles, Inc. Bonnie Lee - President & Chief Executive Officer Anthony Kim - Chief Banking Officer Ron Santarosa - Chief Financial Officer Conference Call Participants Kelly Motta - KBW Ahmad Hasan - D.A. Davidson Adam Butler - Piper Sandler Matthew Erdner - JonesTrading Operator Ladies and gentlemen, thank you or welcome to Hanmi Financial Corporation's ...