Hanmi Financial Q2 net income rises on deposit growth, lower credit loss

Hanmi Financial

21/07/2026 21:14

    

    Overview
  
U.S. commercial lender's Q2 net income and EPS rose from prior quarter
Company's deposits grew 2.3% sequentially, with noninterest-bearing deposits up 5.2%
Hanmi returned 58% of Q2 net earnings to shareholders via dividends and buybacks

    

    Outlook
  
Company says it remains optimistic about outlook for second half of 2026

    

    Result Drivers
  
NET INTEREST INCOME - Modest increase in net interest income driven by higher interest income on loans and securities, and a lower cost of interest-bearing deposits
CREDIT LOSS EXPENSE - Lower credit loss expense due to reduced net charge-offs
NONINTEREST INCOME - Decrease in noninterest income mainly from lower gains on SBA loan sales, partly offset by higher trade finance and service fees

    
Company press release: ID:nGNX57GFMt

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$0.79
 
Q2 Net Income
 
$23.51 mln
 
Q2 Net Interest Income
 
$63.86 mln
 
Q2 CET1 Capital Ratio
 
12.28%
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "hold"
Wall Street's median 12-month price target for Hanmi Financial Corp is $33.00, about 2.5% above its July 20 closing price of $32.19
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

    

    Reuters Recommended Reads
  
July 21 - OFG Bancorp Q2 EPS rises on loan growth, deposit strength
July 21 - KeyCorp quarterly profit rises on interest income strength
July 20 - Wintrust Q2 net interest income rises on growth in average earning assets

    
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(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.)