Hanmi Financial Corp reports results for the quarter ended in September 30 - Earnings Summary

Hanmi Financial

23/10/2024 05:15

* Hanmi Financial Corp  HAFC.OQ  reported quarterly adjusted
earnings of 49 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 62 cents.  The mean expectation of six analysts
for the quarter was for earnings of 48 cents per share. Wall
Street expected results to range from 46 cents to 51 cents per
share.
    * Revenue fell 11.5% to $58.49 million from a year ago;
analysts
expected $58.98 million. 
    * Hanmi Financial Corp's reported EPS for the quarter was 49
cents​.
    * The company reported quarterly net income of $14.89
million.
    * Hanmi Financial Corp shares had risen by 7.5% this
quarter and
gained 3.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Hanmi Financial
Corp is $21.00 
This summary was machine generated from LSEG data October 23 at
04:15 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.48           0.49           Beat
 Jun. 30 2024      0.47           0.48           Beat
 Mar. 31 2024      0.52           0.50           Missed
 Dec. 31 2023      0.59           0.61           Beat