Hanmi Financial Q1 net income rises, asset quality improves

Hanmi Financial

21/04/2026 21:19

Overview

U.S. regional bank's Q1 net income rose 6.2% and EPS increased from prior quarter

Q1 net income increased 27.6% from prior year

Company's deposits grew 1.8% and net interest margin expanded to 3.38% from prior quarter

Asset quality improved as nonperforming assets fell to 0.16% of total assets

Outlook

Hanmi expects positive trends in loans and deposits to continue in 2026

Company sees a strong pipeline for both loans and deposits

Hanmi remains confident in delivering strong financial performance in 2026

Result Drivers

NET INTEREST MARGIN - Net interest income rose 0.5% from prior qtr, mainly due to lower interest expense as average rates on interest-bearing deposits declined

SBA LOAN SALES - Gains from sales of SBA loans increased, with volume and trade premiums both higher than prior qtr

EXPENSE CONTROL - Noninterest expenses declined 1.9% from prior qtr, aided by income from sale of foreclosed properties

Company press release: ID:nGNX1sSPGf

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.75
Q1 Net Income
$22.56 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Hanmi Financial Corp is $31.25, about 10.8% above its April 20 closing price of $28.21

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)