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Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers deposit products, including noninterest-bearing checking, negotiable order of withdrawal, savings, and money market accounts, as well as certificates of deposit. It also provides real estate loans, such as commercial property, construction, and residential property loans; and commercial and industrial loans comprising commercial term loan, and commercial lines of credit and international; equipment lease financing; and international finance and trade services and products, including letters of credit, and import and export financing. In addition, the company offers small business administration loans for business purposes, such as owner-occupied commercial real estate, business acquisitions, start-ups, franchise financing, working capital, improvements and renovations, inventory and equipment, and debt-refinancing. Hanmi Financial Corporation was founded in 1982 and is based in Los Angeles, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $270M | - | $76M | $204M | 9.6% | 15.7% | 22.3% |
| 2024 | $233M | - | $62M | $50M | 8.5% | -6.4% | -22.3% |
| 2023 | $250M | - | $80M | $107M | 11.4% | -8.2% | -21.1% |
| 2022 | $272M | - | $101M | $145M | 15.9% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 271.85 | 249.51 | 233.50 | 270.17 |
| Operating Revenue | - | 271.85 | 249.51 | 233.50 | 270.17 |
| Selling General And Administration | - | 79.78 | 84.50 | 86.40 | 90.78 |
| Interest Income | - | 272.79 | 368.10 | 397.35 | 409.50 |
| Interest Expense | - | 36.17 | 148.06 | 196.01 | 174.74 |
| Net Interest Income | - | 236.62 | 220.04 | 201.34 | 234.76 |
| Pretax Income | - | 140.73 | 114.58 | 88.60 | 107.93 |
| Tax Provision | - | 39.33 | 34.54 | 26.40 | 31.84 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 1.79 | 0.26 | 0 |
| Net Income Continuous Operations | - | 101.39 | 80.04 | 62.20 | 76.09 |
| Net Income From Continuing And Discontinued Operation | - | 101.39 | 80.04 | 62.20 | 76.09 |
| Net Income From Continuing Operation Net Minority Interest | - | 101.39 | 80.04 | 62.20 | 76.09 |
| Net Income | - | 101.39 | 80.04 | 62.20 | 76.09 |
| Net Income Common Stockholders | - | 100.84 | 79.54 | 61.70 | 75.47 |
| Net Income Including Noncontrolling Interests | - | 101.39 | 80.04 | 62.20 | 76.09 |
| Normalized Income | - | 101.39 | 75.89 | 61.60 | 76.09 |
| Diluted NI Availto Com Stockholders | - | 100.84 | 79.54 | 61.70 | 75.47 |
| Basic Average Shares | - | 30.30 | 30.27 | 30.02 | 29.85 |
| Diluted Average Shares | - | 30.39 | 30.33 | 30.10 | 30.04 |
| Reconciled Depreciation | - | 12.38 | 3.44 | 3.24 | 3.33 |
| Total Unusual Items | - | 0 | 5.94 | 0.86 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0 | 5.94 | 0.86 | 0 |
| Special Income Charges | - | 0 | 5.94 | 0.86 | 0 |
| Other Special Charges | -0.37 | - | -5.94 | -0.86 | - |
| Impairment Of Capital Assets | 0 | 0 | - | - | - |
| Gain On Sale Of Security | - | 0 | -1.87 | 0 | 0 |
| General And Administrative Expense | - | 76.14 | 81.40 | 83.37 | 87.68 |
| Other Gand A | 15.03 | - | - | - | - |
| Salaries And Wages | - | 76.14 | 81.40 | 83.37 | 87.68 |
| Selling And Marketing Expense | - | 3.64 | 3.10 | 3.03 | 3.10 |
| Otherunder Preferred Stock Dividend | - | 0.56 | 0.50 | 0.50 | 0.62 |
| Occupancy And Equipment | - | 17.65 | 18.34 | 17.84 | 17.64 |
| Professional Expense And Contract Services Expense | - | 5.69 | 6.26 | 6.96 | 7.51 |
| Other Non Interest Expense | - | 27.17 | 27.43 | 30.14 | 31.87 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Hanmi Financial Corporationthis co. | HAFC | $907M | 11.92↓ discount | 1.14 | 9.6% | - |
| Five Star Bancorp | FSBC | $922M | 14.97 | 2.07 | 13.8% | - |
| TrustCo Bank Corp NY | TRST | $920M | 15.05 | 1.34 | 8.9% | - |
| CNB Financial Corporation | CCNE | $918M | 13.89 | 1.13 | 8.1% | - |
| Mercantile Bank Corporation | MBWM |
| - |
| - |
| - |
| - |
| - |
| - |
| $909M |
| 10.24 |
| 1.25 |
| 12.2% |
| - |
| Central Pacific Financial Corp. | CPF | $908M | 11.72 | 1.53 | 13.1% | - |
| Ridgepost Capital, Inc | RPC | $891M | 45.70 | 2.54 | 5.6% | 14.81 |
| Jefferson Capital, Inc. | JCAP | $889M | 4.73 | 1.87 | 39.5% | 10.24 |
| Amerant Bancorp Inc. | AMTB | $887M | 16.92 | 0.94 | 5.6% | - |
| Peer Median | - | 14.43 | 1.44 | 10.6% | 12.53 | |