Hanmi Financial Corporation (HAFC)

Hanmi Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	364.53	339.81	257.88	208.6	211.84	229.4
Interest Income on Investments	31.32	29.52	15.94	8.07	12.03	17.37
Total Interest Income	395.85	369.33	273.81	216.68	223.87	246.77
Interest Paid on Deposits	179.56	134.71	25.94	11.66	33.99	63.11
Interest Paid on Borrowings	13.83	13.35	10.23	9.97	8.97	7.8
Total Interest Expense	193.39	148.06	36.17	21.63	42.97	70.9
Net Interest Income	202.47	221.27	237.65	195.05	180.9	175.87
Net Interest Income Growth (YoY)	-12.99%	-6.89%	21.84%	7.82%	2.86%	-2.84%
Gain (Loss) on Sale of Assets	4	4	-	0.05	0.41	1.24
Gain (Loss) on Sale of Investments	-1.87	-1.87	-	-0.5	15.71	1.3
Other Non-Interest Income	11.95	14.26	13.23	12.32	12.25	9.82
Total Non-Interest Income	30.91	32.24	34.2	40.17	42.1	27.55
Non-Interest Income Growth (YoY)	-6.38%	-5.74%	-14.86%	-4.59%	52.82%	12.37%
Revenues Before Loan Losses	233.37	253.51	271.85	235.22	223	203.42
Provision for Loan Losses	0.61	4.34	0.84	-24.4	45.45	30.17
Revenue	232.77	249.17	271.01	259.62	177.55	173.25
Revenue Growth (YoY)	-9.93%	-8.06%	4.39%	46.23%	2.48%	-14.04%
Salaries and Employee Benefits	79.53	78.72	73.55	70.13	64.44	64.78
Occupancy Expenses	9.25	9.54	9.35	10.58	9.78	9.16
Selling, General & Administrative	39.59	37.02	36	34.18	34.8	35.57
Other Non-Interest Expense	13.64	11.26	11.4	9.58	9.82	14.66
Total Non-Interest Expense	142.01	136.53	130.28	124.46	118.85	124.17
EBT Excluding Unusual Items	90.76	112.64	140.73	135.17	58.7	49.08
Asset Writedown	-	-	-	-	-0.2	-1.73
Legal Settlements	-	1.94	-	0.33	1	-
Pretax Income	90.76	114.58	140.73	135.49	59.5	47.35
Income Tax Expense	27.62	34.54	39.33	36.82	17.3	14.56
Earnings From Continuing Operations	63.14	80.04	101.39	98.68	42.2	32.79
Net Income	63.14	80.04	101.39	98.68	42.2	32.79
Preferred Dividends & Other Adjustments	0.48	0.51	0.56	0.67	0.53	0.23
Net Income to Common	62.66	79.54	100.84	98.01	41.66	32.56
Net Income Growth	-29.76%	-21.06%	2.75%	133.85%	28.69%	-43.34%
Basic Shares Outstanding	30	30	30	30	30	31
Diluted Shares Outstanding	30	30	30	30	30	31
Shares Change (YoY)	-0.67%	-0.20%	-0.26%	0.63%	-1.56%	-4.03%
EPS (Basic)	2.08	2.63	3.33	3.22	1.38	1.06
EPS (Diluted)	2.08	2.62	3.32	3.22	1.38	1.06
EPS Growth	-29.25%	-21.08%	3.11%	134.02%	29.85%	-40.80%
Dividend Per Share	1.000	1.000	0.940	0.540	0.520	0.960
Dividend Growth	0%	6.38%	74.07%	3.85%	-45.83%	0%
Effective Tax Rate	30.43%	30.14%	27.95%	27.17%	29.08%	30.75%

Source: S&P Capital IQ. Banks template. Financial Sources.