Key Highlights

  • Consensus EPS of 0.81 compares with diluted EPS of 0.79 reported for the second quarter, against 0.50 a year earlier.
  • Consensus revenue of USD 75.13 million compares with total revenue of USD 72,205 thousand reported for the second quarter.
  • Net interest margin on a taxable equivalent basis rose 29 basis points to 3.36% from 3.07% a year earlier.
  • Net interest income was USD 63.9 million, up USD 6.8 million, or 11.8%, as the cost of interest-bearing liabilities fell.

Hanmi Financial (NASDAQ:HAFC) reports third-quarter results on Tuesday, Oct. 27, after the market closes. Consensus stands at EPS of 0.81 on revenue of USD 75.13 million, and the company has a market capitalization of USD 953.82 million.

Hanmi Financial is a bank holding company. In the second quarter, it reported net income of USD 23,505 thousand against USD 15,117 thousand and income before income taxes of USD 31,980 thousand against USD 21,232 thousand.

Estimates Against the Last Reported Quarter

The EPS estimate of 0.81 is above the diluted EPS of 0.79 reported for the second quarter, which compared with 0.50 a year earlier. The revenue estimate of USD 75.13 million is above the total revenue of USD 72,205 thousand reported, which compared with USD 65,210 thousand.

Net income available to common stockholders was USD 23,338 thousand against USD 14,995 thousand, and dividends declared were 0.28 per share against 0.27.

Net Interest Margin and Cost of Funds

Net interest margin on a taxable equivalent basis rose 29 basis points to 3.36% from 3.07%. The filing ties the increase primarily to a 47 basis point decline in the cost of interest-bearing liabilities to 3.21% from 3.68%.

Net interest income was USD 63.9 million against USD 57.1 million, an increase of USD 6.8 million, or 11.8%. The filing attributes USD 5.9 million to lower interest rates on liabilities, mainly money market and savings accounts and time deposits, and USD 2.4 million to a higher average balance of loans.

The average balance of interest-earning assets rose USD 162.0 million, or 2.2%, to USD 7.63 billion, primarily from commercial and industrial loan growth.

Expense and Balance Sheet Lines

Noninterest expense was USD 39,039 thousand against USD 36,347 thousand. Salaries and employee benefits were USD 22,784 thousand against USD 22,069 thousand, and data processing was USD 4,555 thousand against USD 3,727 thousand. Noninterest income was USD 8,348 thousand against USD 8,071 thousand.

At June 30, 2026, total deposits were USD 6,955,342 thousand against USD 6,677,650 thousand at the prior year-end, and total loans were USD 6,535,312 thousand against USD 6,563,368 thousand. Borrowings were nil against USD 150,000 thousand, and the allowance for credit losses was USD 70,475 thousand.

The estimates table lists a market capitalization of USD 953.82 million.

Occupancy and equipment expense was USD 4,383 thousand against USD 4,344 thousand. Interest and dividend income was USD 103,322 thousand against USD 101,333 thousand, and basic EPS was 0.79 against 0.50. Subordinated debentures were USD 130,773 thousand, and accrued interest payable was USD 27,530 thousand against USD 34,783 thousand.

Items to Track in the Report

Diluted EPS against 0.81 and revenue against USD 75.13 million are the headline comparisons. Other markers are net interest margin against 3.36%, the cost of interest-bearing liabilities against 3.21% and noninterest expense.