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What is the revenue and EPS growth rate for Hanmi Financial year over year?

- **Strong Financial Performance**: Full-year net income up 22% to $76.1 million, driven by 5% loan growth and 37bps NIM expansion.
- **Portfolio Diversification**: C&I loans up 25%, CRE exposure reduced, SBA loans sold +39%.
- **Efficiency Improvement**: 54.95% efficiency ratio reflects disciplined expense management.
- **Capital Deployment**: $42M returned to shareholders via buybacks and dividends.
- **Challenges**: Competitive CD repricing environment, mid-single-digit expense growth expected.

**【CEO Summary Section】**
- **Revenue Growth**: Net income for Q4 2025 was $21.2 million ($0.70 per diluted share), down 3.7% YoY due to lower noninterest income. Full-year net income rose 22% to $76.1 million ($2.51 per diluted share). 
- **Loan Portfolio Expansion**: Total loans grew $312 million (5%) YoY, with C&I loans up 25% and CRE exposure reduced from 63.1% to 61.3%.
- **Net Interest Margin**: Expanded 37bps YoY to 3.28% driven by lower deposit costs and higher loan balances. 
- **Efficiency Ratio**: Improved to 54.95% (from 60.3% prior year) despite 4.6% expense growth due to salary increases and talent investments.
- **Credit Quality**: Nonperforming assets at 0.26% of total assets, allowance at 1.07% of loans.

**【CFO Financial Commentary】**
- **Net Interest Income**: Q4 growth of 2.9% to $62.9 million, with average loan yield down 9bps but offset by 20bps deposit rate decline.
- **Deposit Management**: Noninterest-bearing deposits stable at 30% of total, time deposits repriced 4bps lower.
- **Noninterest Income**: Down 12% QoQ to $8.3 million due to delayed mortgage loan sales timing.
- **Capital Returns**: $42 million returned via $9M buybacks and $33M dividends in 2025.

**【Q&A Key Highlights】**
- **Expense Outlook**: Mid-single-digit growth expected in 2026, with OREO expenses temporary.
- **CD Repricing**: $1.8B maturing in H1 at 3.5-3.7% rates, targeting 80% retention.
- **Buyback Strategy**: Share repurchases will be opportunistic based on market conditions.
- **Credit Quality**: Proactive monitoring led to one loan downgrade to special mention, no loss expectation.
- **Deposit Competition**: Selective pricing to maintain margins, 90% CD retention rate.


Hanmi Financial Corporation (HAFC) Q4 2025 Earnings Call Transcript

- **Record Q3 Performance**: $22.1M net income (46% Q/Q growth), 16.4% YoY PPNR expansion
- **Loan Production Surge**: 73% Q/Q increase to $571M, driven by C&I ($211M) and USKC ($910M)
- **Margin Expansion**: 15bps NIM improvement to 3.22%, 52.65% efficiency ratio (2-year low)
- **USKC Growth**: Korean corporate deposits surpass $1B, loans up 8.2% Q/Q
- **Capital Return**: $0.27 dividend + $4.7M share buybacks in Q3

**【CEO Summary Section】**
- Q3 2025 net income of $22.1 million ($0.73 EPS), up 46% vs. Q2, driven by 16.4% YoY increase in pre-provision net revenue
- Total loans grew 3.5% Q/Q to $6.53 billion, with loan production surging 73% to $571 million
- Net interest margin expanded 15bps to 3.22%, supported by 10bps higher loan yields and 8bps lower deposit costs
- USKC initiative loans reached $910 million (14% of total), deposits surpassed $1 billion
- Efficiency ratio improved to 52.65%, 2-year low
- Asset quality metrics improved: criticized loans down 12%, nonperforming assets down 18%

**【CFO Financial Commentary】**
- Net interest income up 6.9% Q/Q to $111.1 million, driven by 1% growth in average earning assets
- Non-interest income rose 22.4% to $9.9 million, boosted by $1.2M mortgage sale gains
- Credit loss expense declined 72% to $2.1 million, with $2.6M recovery from charged-off loan
- Capital ratios remain strong: CET1 12%, TCE/TA 9.8%
- Share buybacks resumed, purchasing 199,698 shares in Q3

**【Q&A Key Highlights】**
- **Loan Growth Sustainability**: Management confident in mid-single-digit annual growth despite strong Q3, citing stable pipeline and disciplined underwriting
- **Funding Strategy**: Deposit beta expected ~70%, with October deposit rates down 23bps vs. Q3 average
- **Credit Quality**: Proactive portfolio management maintains asset quality, with SBA and CRE portfolios performing well
- **USKC Momentum**: Korean corporate deposits up 9.5% Q/Q, reflecting growing interest in US expansion
- **Capital Allocation**: Share buybacks likely to continue, with Board flexibility to respond to market conditions

Hanmi Financial Corporation (HAFC) Q3 2025 Earnings Call Transcript

- **Strong Loan Growth**: C&I up 26% QoQ, SBA production +20% YTD, targeting $45-50M Q3. Total loans +1.6% annualized.
- **Margin Expansion**: NIM 3.07% (up 5bps), deposit costs 3.6% in June. Expect modest further improvement.
- **Credit Quality**: Criticized loans down 72%, nonaccruals 27%. Allowance at 1.06%, delinquencies 0.17%.
- **Strategic Focus**: Expand SBA, reduce CRE, USKC initiative gains traction with Atlanta branch.
- **Financial Stability**: Efficiency ratio 55.7%, CET1 10.63%, stable buyback activity.

**【CEO Summary Section】**
- **Solid Q2 Performance**: Net income of $15.1 million ($0.50 per diluted share), down 15% YoY due to higher credit loss expense. Pre-provision net revenues grew 3.7% QoQ, driven by loan growth and margin expansion.
- **Loan Growth Momentum**: Total loans increased 0.4% QoQ (1.6% annualized) with strong contributions from C&I (+26%) and residential mortgages (+52%). SBA production exceeded targets, up 20% YTD.
- **Deposit Strength**: Deposits rose 1.7% QoQ, supported by new commercial accounts and branches. Noninterest-bearing deposits at 31.3% of total deposits.
- **Credit Quality Improvement**: Criticized loans decreased 72% QoQ, nonaccruals down 27%, and delinquencies at 0.17% of loans. Notable $8.6 million charge-off on a CRE loan resolved.
- **Strategic Focus**: Targeting low- to mid-single-digit loan growth, expanding SBA (Q3 target $45-50M), and reducing CRE exposure. USKC initiative shows promise with new Atlanta branch.

**【CFO Financial Commentary】**
- **Net Interest Margin Expansion**: 3.07% (up 5bps QoQ) due to lower funding costs. Loan-to-deposit ratio 95.4%, down from 97.4% QoQ.
- **Noninterest Income Growth**: $8.1 million (+4.5% QoQ) driven by SBA gains ($2.2M) and BOLI income.
- **Expense Management**: Noninterest expense $36.3 million (+3.9% QoQ) but efficiency ratio stable at 55.7%. Capital ratios strong: CET1 10.63%, tangible common equity 9.58%.
- **Credit Metrics**: Allowance for credit losses at 1.06% of loans. Net charge-offs 73bps annualized (excluding large loan, 18bps).

**【Q&A Key Highlights】**
- **Loan Growth Outlook**: Expect mid-single-digit growth in H2, driven by C&I pipeline and SBA expansion. Q3 production pipeline up significantly vs. Q2.
- **Net Interest Margin Trends**: Marginal improvement expected as CD repricing slows. June deposit costs 3.6%, maturing CDs at 4.12%.
- **Credit Confidence**: Proactive portfolio management reduces criticized loans. No material CRE risks beyond resolved office loan.
- **Expense Stability**: Salaries up 5.2% QoQ but stable outlook. Buybacks ($1.6M Q2) and tax rate (~29.5%) expected to remain consistent.


Hanmi Financial Corporation (HAFC) Q2 2025 Earnings Call Transcript

- **Q1 2025 Strong Performance**: 17% YoY net income growth, NIM expansion to 3.02%, deposits up 3% QoQ. 
- **USKC Strategy Gains Traction**: Deposits now 15% of total, Seoul office drives Korean corporate engagement. 
- **Efficient Growth**: 55.7% efficiency ratio, $7.7M noninterest income beat expectations. 
- **Resilient Credit**: 1.12% allowance ratio, stable asset quality despite $6.2M CRE loan reserve. 
- **Share Buyback Signal**: Board may increase repurchases as stock trades below tangible book. 
- **NIM Expansion Slowing**: Marginal gains expected as CDs repricing slows. 
- **SBA Momentum**: Q1 production exceeds target, pipeline supports continued gains.

**【CEO Opening Remarks】**
- **Q1 2025 Financial Highlights**: Net income of $17.7M (+17% YoY), EPS of $0.58 (+16% YoY), NIM expanded to 3.02% (11bps QoQ), total loans $6.28B (+0.5% QoQ). 
- **Deposit Growth**: +3% QoQ driven by new commercial accounts, noninterest-bearing deposits 31.2% of total. 
- **USKC Strategy**: Loan portfolio stable at 15% of total, deposits up to 15% (vs 13% end-2024), Seoul office sees growing interest from mid-sized Korean companies. 
- **New Branch Expansion**: Duluth, GA branch sees strong production in first month, targeting Atlanta's 3rd-largest Korean community and clean energy sector. 
- **2025 Priorities**: Low-mid single-digit loan growth, C&I expansion, CRE reduction, residential mortgage sales, talent hiring, asset quality discipline.

**【CFO Financial Details】**
- **Net Interest Income**: $55.1M (+3.1% QoQ), NIM 3.02% vs 2.91% prior quarter. Deposit interest expense down 6.6% QoQ, avg rate 3.69% (-27bps). 
- **Noninterest Income**: $7.7M (+5% QoQ), SBA gains $2M (+39% QoQ). 
- **Expense Management**: $35M noninterest expenses (+1.3% QoQ), efficiency ratio 55.7% (best since Q4 2023). 
- **Capital Metrics**: Tangible book value $24.49/sh (+2.6%), common equity Tier 1 ratio 12.13%, capital deployment includes $50K share buybacks. 
- **Credit Quality**: Allowance 1.12% of loans, net charge-offs 13bps, stable asset quality.

**【Q&A Key Topics】**
- **Loan Pipeline**: Q2 pipeline solid, but tariff uncertainty may impact H2. USKC clients less affected due to domestic production. 
- **Expense Model**: 3-4% Q2 salary increase, other expenses track inflation. 
- **Share Buybacks**: Board evaluates quarterly, recent trend $25-75K/quarter. 
- **NIM Outlook**: Marginal expansion expected, slower pace due to maturing CDs repricing lower. 
- **Credit Risk**: $200M syndicated CRE loan with $6.2M reserve, 10% participation. 2025 office CRE maturities $200M+ show no issues. 
- **Deposit Cost Management**: Retail CDs repriced 88% at 3.93% (-77bps), competitors lowering rates. 
- **SBA Production**: Q1 beat target range ($40-45M), pipeline solid for Q2. 
- **Loan Beta**: 11% in rate cycle, symmetric decline expected but dependent on Fed pace.


Hanmi Financial (HAFC)-22 Apr 25-2025 Q1 Earnings call transcript

- **Strong 2024 Performance**: Net income up 15% YoY, C&I loans grow 16%, deposits +2.5%.
- **US KC Initiative Success**: 23% loan growth, 15% of total loans, Seoul office expansion.
- **Profitability Boost**: Net interest margin +17bps to 2.91%, cost control limits expense growth to 3.1%.
- **2025 Outlook**: 3-5% loan growth, CD repricing to save $25M+ annually, $88M+ in loan sales.

**【CEO Opening Remarks】**
- **2024 Financial Highlights**: Net income of $62.2 million, ROA of 0.83%, ROE of 7.97%. C&I loans grew 16%, deposits increased 2.5%.
- **Strategic Growth**: US KC initiative drove 23% loan growth, representing 15% of total loans. Seoul office expansion to enhance Korean market reach.
- **Asset Quality**: NPA ratio improved to 0.19%, allowance for credit losses at 1.12%.
- **2025 Priorities**: Low to mid-single-digit loan growth, reducing CRE exposure, expanding core deposits, and optimizing branches.

**【CFO Financial Details】**
- **Net Interest Income**: Q4 growth of 6.8% to $53.4 million, margin up 17bps to 2.91% due to lower deposit rates.
- **Noninterest Income**: $7.4 million (down 13% QoQ) due to one-time gains in Q3.
- **Expenses**: $34.5 million (flat QoQ), with 3.1% growth excluding a $1.6M OREO gain.
- **Capital Position**: Tangible book value of $23.88, common Tier 1 ratio at 12.1%, well-capitalized.

**【Q&A Key Takeaways】**
- **Deposit Competition**: Focus on relationship banking, not rate leadership. Q1 CD repricing: $770M rolling off at 4.70%, repriced 200bps lower.
- **SBA Performance**: $250M exposure, 17% tied to real estate, strong cash flow underwriting.
- **Loan Growth**: 2025 target of 3-5%, offsetting 17% annual loan payoffs.
- **Share Repurchases**: Opportunistic, $1.23M remaining under program.
- **Loan Sales**: 2025 plan to match 2024's $88.4M, 2-2.4% premium margins.

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