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Hot Stocks
Hanmi Financial resumes stock repurchase plan up to 5% of shares » 09:25
02/16/21
02/16
09:25
02/16/21
09:25
HAFC

Hanmi Financial

$15.28 /

-0.03 (-0.20%)

Hanmi Financial…

Hanmi Financial Corporation, the holding company for Hanmi Bank, today announced that it will resume purchases of its common stock pursuant to its current Stock Repurchase Plan. Under the Plan, originally announced on January 24, 2019, the Board of Directors authorized the Company to repurchase up to 5% of its outstanding shares or approximately 1.5 million shares of its common stock. During the fourth quarter of 2019 and the first quarter of 2020 the Company repurchased approximately 510,400 shares of common stock. On April 30, 2020, the Company announced the suspension of the Plan due to the uncertainty arising from the COVID-19 pandemic. As of February 12, 2021, approximately 989,600 shares of the Company's common stock remain available for repurchase under the current Plan.

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HAFC Hanmi Financial
$15.28 /

-0.03 (-0.20%)

HAFC Hanmi Financial
$15.28 /

-0.03 (-0.20%)

01/27/21 Janney Montgomery Scott
Hanmi Financial upgraded to Buy from Neutral at Janney Montgomery Scott
HAFC Hanmi Financial
$15.28 /

-0.03 (-0.20%)

Over a month ago
Hot Stocks
Hanmi Financial raises dividend 25% to 10c » 09:04
01/28/21
01/28
09:04
01/28/21
09:04
HAFC

Hanmi Financial

$12.75 /

+0.66 (+5.46%)

Hanmi Financial, the…

Hanmi Financial, the holding company for Hanmi Bank, announced that its Board of Directors declared a cash dividend on its common stock for the Q1 of 10c per share, up 25% from 8c per share in the prior quarter. The dividend will be paid on February 24 to stockholders of record as of the close of business on February 8.

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HAFC Hanmi Financial
$12.75 /

+0.66 (+5.46%)

HAFC Hanmi Financial
$12.75 /

+0.66 (+5.46%)

01/27/21 Janney Montgomery Scott
Hanmi Financial upgraded to Buy from Neutral at Janney Montgomery Scott
HAFC Hanmi Financial
$12.75 /

+0.66 (+5.46%)

Upgrade
Hanmi Financial upgraded to Buy from Neutral at Janney Montgomery Scott » 07:00
01/27/21
01/27
07:00
01/27/21
07:00
HAFC

Hanmi Financial

$12.09 /

-0.22 (-1.79%)

Janney Montgomery Scott…

Janney Montgomery Scott analyst Timothy Coffey upgraded Hanmi Financial to Buy from Neutral.

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HAFC Hanmi Financial
$12.09 /

-0.22 (-1.79%)

HAFC Hanmi Financial
$12.09 /

-0.22 (-1.79%)

Earnings
Hanmi Financial reports Q4 EPS 47c, consensus 35c » 16:14
01/26/21
01/26
16:14
01/26/21
16:14
HAFC

Hanmi Financial

$12.07 /

-0.24 (-1.95%)

Fourth quarter net…

Fourth quarter net interest income was $46.9 million, up 2.8% from the prior quarter; fourth quarter prepayment penalties were $0.8 million compared with $1.3 million for the prior quarter. For the full year, net interest income was $180.9 million, up 2.9% from $175.9 million last year.Bonnie Lee, President and Chief Executive Officer, said, "In a year of unprecedented operating challenges and economic uncertainty, Hanmi completed 2020 with a strong performance in the fourth quarter highlighted by excellent loan production, stable net interest margin and careful expense management. Total loan and lease production of $327.8 million increased more than 27% from the prior quarter and contributed to the 5.9% growth in loans and leases for the full year. Fourth quarter net interest margin-or NIM-remained stable at 3.13% as we were able to offset declining loan yields through lower deposit costs. Overall, we were successful in protecting NIM throughout the year. I was also pleased by our cost reduction measures that led to a year-over-year decline in noninterest expense of 9.3% for the fourth quarter and 5.4% for the full year. In combination, these efforts generated full-year net income of $42.2 million, an increase of 28.7% over the prior year."

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HAFC Hanmi Financial
$12.07 /

-0.24 (-1.95%)

HAFC Hanmi Financial
$12.07 /

-0.24 (-1.95%)

Syndicate
Hanmi Financial files $100M mixed securities shelf  17:10
12/16/20
12/16
17:10
12/16/20
17:10
HAFC

Hanmi Financial

$11.34 /

-0.16 (-1.39%)

 
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HAFC Hanmi Financial
$11.34 /

-0.16 (-1.39%)

HAFC Hanmi Financial
$11.34 /

-0.16 (-1.39%)

Over a quarter ago
Earnings
Hanmi Financial reports Q3 EPS 53c, consensus 26c » 16:09
10/27/20
10/27
16:09
10/27/20
16:09
HAFC

Hanmi Financial

$8.64 /

-0.32 (-3.57%)

Reports Q3 tangible book…

Reports Q3 tangible book value per share $17.95. Reports Q3 CET1 capital ratio 11.68%. Reports Q3 net charge-offs .03%. Bonnie Lee, president and CEO, said, "In light of the significant challenges and uncertainty we faced in the first half of 2020 arising from the COVID-19 pandemic, I am extremely pleased with the financial and operational improvements we achieved in the third quarter. In particular, efforts to protect our portfolio and help borrowers impacted by the pandemic through modifications, deferrals and other services have been extremely successful. We are very encouraged by the positive trend with the modified loan portfolio, declining to approximately 12% of the portfolio as of the end of the third quarter, and down from 29% at the end of the prior quarter. We also saw the benefit of lower deposit costs, moderated credit loss expense, a return to SBA loan sales and careful management of noninterest expense. Together, this greatly expanded our third quarter net income to $16.3 million, or $0.53 per diluted share."

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HAFC Hanmi Financial
$8.64 /

-0.32 (-3.57%)

HAFC Hanmi Financial
$8.64 /

-0.32 (-3.57%)

Hot Stocks
Hanmi Financial reduces quarterly dividend to 8c per share » 09:17
07/29/20
07/29
09:17
07/29/20
09:17
HAFC

Hanmi Financial

$9.12 /

-0.14 (-1.51%)

Hanmi Financial announced…

Hanmi Financial announced that in response to the continued uncertainty surrounding the COVID-19 pandemic, its Board of Directors has reduced its quarterly cash dividend on its common shares for the third quarter to 8c per share. The dividend will be paid on August 31, 2020, to stockholders of record as of the close of business on August 10, 2020. Hanmi believes this dividend reduction is the most prudent course of action at this time as it continues to monitor the Company's financial performance during this pandemic. The Board of Directors will continue to reevaluate quarterly the level of any subsequent regular dividend during this pandemic.

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HAFC Hanmi Financial
$9.12 /

-0.14 (-1.51%)

HAFC Hanmi Financial
$9.12 /

-0.14 (-1.51%)

08/12/19 DA Davidson
Hanmi Financial downgraded to Neutral from Buy at DA Davidson
HAFC Hanmi Financial
$9.12 /

-0.14 (-1.51%)

Earnings
Hanmi Financial reports Q2 EPS 30c, consensus 15c » 16:26
07/28/20
07/28
16:26
07/28/20
16:26
HAFC

Hanmi Financial

$9.12 /

-0.14 (-1.51%)

Second quarter…

Second quarter noninterest income increased to $20.9 million from $6.2 million for the first quarter, primarily due to $479.9 million in sales of securities resulting in $15.7 million in gains. The gains on sales of securities reflect the repositioning of the securities portfolio to capture the high-level of unrealized gains arising from the very low rate environment. Hanmi reinvested the proceeds into U.S. Treasuries and U.S. Government agencies and sponsored agencies mortgage-backed securities, collateralized mortgage obligations and notes. As expected, Hanmi did not sell any SBA loans during the second quarter because of the disruptions in the secondary market resulting from the COVID-19 crisis. Secondary market activity resumed late in the second quarter. As a result, there were $17.9 million of the guaranteed-portion of SBA 7(a) loans held for sale at June 30, 2020, with a weighted-average trade premium of 8.97%. The volume of SBA loans sold and gains on sales of SBA loans for the first quarter of 2020 were $18.2 million and $1.2 million, respectively. Servicing income increased in the 2020-second quarter from the resolution of outstanding servicing fees due on previously outstanding loans and a lower level of asset amortization. Other operating income for the second quarter of 2020 included $0.4 million of fee income, net of credit valuation adjustments, from $29.5 million notional amount of back-to-back loan swaps.

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HAFC Hanmi Financial
$9.12 /

-0.14 (-1.51%)

HAFC Hanmi Financial
$9.12 /

-0.14 (-1.51%)

08/12/19 DA Davidson
Hanmi Financial downgraded to Neutral from Buy at DA Davidson
HAFC Hanmi Financial
$9.12 /

-0.14 (-1.51%)

Hot Stocks
Hanmi Financial reduces quarterly dividend to 12c per share » 09:01
05/01/20
05/01
09:01
05/01/20
09:01
HAFC

Hanmi Financial

$12.04 /

-0.61 (-4.82%)

Hanmi Financial…

Hanmi Financial Corporation announced that in response to the uncertainty surrounding the COVID-19 pandemic, its Board of Directors has decided to reduce its quarterly cash dividend on its common shares for the second quarter to $0.12 per share. The dividend will be paid on May 29, 2020, to stockholders of record as of the close of business on May 11, 2020. Hanmi believes the dividend reduction is the most prudent course of action as it continues to monitor the Bank's financial performance and expects to reevaluate the level of any subsequent regular quarterly dividends on a quarterly basis.

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HAFC Hanmi Financial
$12.04 /

-0.61 (-4.82%)

08/12/19 DA Davidson
Hanmi Financial downgraded to Neutral from Buy at DA Davidson
Earnings
Hanmi Financial reports Q1 EPS 8c, consensus 30c » 16:20
04/30/20
04/30
16:20
04/30/20
16:20
HAFC

Hanmi Financial

$12.04 /

-0.61 (-4.82%)

Net interest income was…

Net interest income was $44M for Q1, compared with $43.9M for Q4 of 2019. Q1 interest and fees on loans receivable decreased 2.9%, or $1.6M, from the preceding quarter primarily due to an 11 basis point reduction in average yields, which declined in part from the 150 basis point decline in the federal funds rate late in Q1.

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HAFC Hanmi Financial
$12.04 /

-0.61 (-4.82%)

08/12/19 DA Davidson
Hanmi Financial downgraded to Neutral from Buy at DA Davidson

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