HANMI FINANCIAL CORP HAFC
Hanmi Financial Corporation ("Hanmi Financial," the "Company," "we," "us" or "our") is a Delaware corporation incorporated in 2000 to be the holding company for Hanmi Bank (the "Bank") and is subject to the Bank Holding Company Act of 1956, as amended (the "BHCA"). Our principal office is located at 900 Wilshire Boulevard, Suite 1250, Los Angeles, California 90017, and our telephone number is (213) 382-2200.
Hanmi Bank, the primary subsidiary of Hanmi Financial, is a state-chartered bank incorporated under the laws of the State of California in 1981, and licensed pursuant to the California Financial Code. The Bank's deposit accounts are insured under the Federal Deposit Insurance Act up to applicable limits thereof. The California Department of Financial Protection and Innovation (the "DFPI") is the Bank's primary state bank regulator and the FDIC is its primary federal regulator. The Bank's headquarters are located at 3660 Wilshire Boulevard, Penthouse Suite A, Los Angeles, California 90010.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $270.2M | $234.4M | $255.4M | $271.8M | $216.7M | $223.9M | $246.8M | $234.4M | $209.3M | $178.5M |
| Operating income | $76.1M | $62.2M | $80.0M | $101.4M | — | — | — | — | — | — |
| Interest expense | $236.2M | $202.8M | $221.3M | $237.6M | $21.6M | $43.0M | $70.9M | $53.4M | $32.5M | $18.3M |
| Pre-tax income | $107.9M | $88.6M | $114.6M | $140.7M | $135.5M | $59.5M | $47.3M | $84.0M | $95.3M | $89.4M |
| Income tax | $31.8M | $26.4M | $34.5M | $39.3M | $36.8M | $17.3M | $14.6M | $26.1M | $40.6M | $32.9M |
| Net income | $76.1M | $62.2M | $80.0M | $101.4M | $98.7M | $42.2M | $32.8M | $57.9M | $54.7M | $56.5M |
| EPS, basic | 2.53 | 2.06 | 2.63 | 3.33 | 3.22 | 1.38 | 1.06 | 1.80 | 1.70 | 1.76 |
| EPS, diluted | 2.51 | 2.05 | 2.62 | 3.32 | 3.22 | 1.38 | 1.06 | 1.79 | 1.69 | 1.75 |
| Shares, diluted (wtd. avg.) | $30.0M | $30.1M | $30.3M | $30.4M | $30.5M | $30.3M | $30.8M | $32.1M | $32.2M | $32.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $212.8M | $304.8M | $302.3M | $352.4M | $609.0M | $391.8M | $121.7M | $155.4M | $153.8M | $147.2M |
| Property, plant and equipment | $20.4M | $21.4M | $22.0M | $22.9M | $24.8M | $26.4M | $26.1M | $27.8M | $26.7M | $28.7M |
| Goodwill | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M | $11.0M |
| Other intangibles | — | — | — | — | $364.0K | $581.0K | $842.0K | $12.2M | $12.5M | $12.9M |
| Total assets | $7.87B | $7.68B | $7.57B | $7.38B | $6.86B | $6.20B | $5.54B | $5.50B | $5.21B | $4.70B |
| Total liabilities | $7.07B | $6.95B | $6.87B | $6.74B | $6.22B | $5.62B | $4.97B | $4.95B | $4.65B | $4.17B |
| Retained earnings | $394.3M | $350.9M | $319.0M | $269.5M | $196.8M | $114.6M | $100.6M | $97.5M | $70.6M | $41.7M |
| Total equity | $796.4M | $732.2M | $701.9M | $637.5M | $643.4M | $577.0M | $563.3M | $552.6M | $562.5M | $531.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $206.0M | $52.6M | $109.3M | $147.3M | $93.7M | $60.2M | $58.8M | $76.6M | $81.7M | $59.4M |
| Depreciation and amortisation | $3.3M | $3.2M | $3.3M | $3.9M | $4.4M | $4.0M | $3.3M | $2.6M | $2.9M | $2.9M |
| Stock-based compensation | $3.6M | $3.6M | $2.7M | $2.6M | $2.4M | $2.5M | $3.1M | $3.5M | $2.9M | $3.0M |
| Capital expenditure | $2.3M | $2.6M | $2.4M | $1.9M | $2.7M | $4.4M | $1.6M | $3.7M | $843.0K | $730.0K |
| Investing cash flow | -$384.3M | -$106.1M | -$211.4M | -$881.5M | -$447.0M | -$407.6M | -$44.5M | -$311.6M | -$520.2M | -$496.5M |
| Financing cash flow | $86.4M | $56.0M | $52.1M | $477.7M | $570.4M | $617.6M | -$47.9M | $236.5M | $445.1M | $420.0M |
| Dividends paid | $32.6M | $30.4M | $30.5M | $28.6M | $16.5M | $16.0M | $29.8M | $30.9M | $25.8M | $25.7M |
| Buybacks | $9.4M | $6.3M | $4.1M | — | $6.1M | $2.2M | $7.4M | $36.1M | $0 | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-157155.
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