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Stock impact report

Hanmi Reports 2024 Third Quarter Results [Yahoo! Finance]

Hanmi Financial Corporation (HAFC) 
Last hanmi financial corporation earnings: 4/30 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: hanmi.com
Company Research Source: Yahoo! Finance
LOS ANGELES, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”) , the parent company of Hanmi Bank (the “Bank”), today reported financial results for the third quarter of 2024. Net income for the third quarter of 2024 was $14.9 million, or $0.49 per diluted share, compared with $14.5 million, or $0.48 per diluted share, for the second quarter of 2024. The return on average assets for the third quarter of 2024 was 0.79% and the return on average equity was 7.55%, compared with a return on average assets of 0.77% and the return on average equity of 7.50% for the second quarter of 2024. CEO Commentary “Our third quarter results were strong, with solid performance across all key operating metrics in the third quarter,” said Bonnie Lee, President and Chief Executive Officer of Hanmi. “Net interest margin increased five basis points to 2.74% driven by higher yields on interest-earning assets and lower funding costs. Loans grew by 2% driven by a 2 Show less Read more
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