Hanmi Financial Corporation (HAFC)

Hanmi Financial Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	366.15	339.81	257.88	208.6	211.84
Interest Income on Investments	32.63	29.52	15.94	8.07	12.03
Total Interest Income	398.78	369.33	273.81	216.68	223.87
Interest Paid on Deposits	182.69	134.71	25.94	11.66	33.99
Interest Paid on Borrowings	13.32	13.35	10.23	9.97	8.97
Total Interest Expense	196.01	148.06	36.17	21.63	42.97
Net Interest Income	202.77	221.27	237.65	195.05	180.9
Net Interest Income Growth (YoY)	-8.36%	-6.89%	21.84%	7.82%	2.86%
Gain (Loss) on Sale of Assets	0.86	4	-	0.05	0.41
Gain (Loss) on Sale of Investments	-	-1.87	-	-0.5	15.71
Other Non-Interest Income	15.23	14.26	13.23	12.32	12.25
Total Non-Interest Income	31.59	32.24	34.2	40.17	42.1
Non-Interest Income Growth (YoY)	-2.02%	-5.74%	-14.86%	-4.59%	52.82%
Revenues Before Loan Losses	234.36	253.51	271.85	235.22	223
Provision for Loan Losses	4.42	4.34	0.84	-24.4	45.45
Revenue	229.94	249.17	271.01	259.62	177.55
Revenue Growth (YoY)	-7.72%	-8.06%	4.39%	46.23%	2.48%
Salaries and Employee Benefits	83.37	78.72	73.55	70.13	64.44
Occupancy Expenses	18.15	9.54	9.35	10.58	9.78
Selling, General & Administrative	27.12	37.02	36	34.18	34.8
Other Non-Interest Expense	12.4	11.26	11.4	9.58	9.82
Total Non-Interest Expense	141.03	136.53	130.28	124.46	118.85
EBT Excluding Unusual Items	88.91	112.64	140.73	135.17	58.7
Asset Writedown	-	-	-	-	-0.2
Legal Settlements	-	1.94	-	0.33	1
Pretax Income	88.61	114.58	140.73	135.49	59.5
Income Tax Expense	26.4	34.54	39.33	36.82	17.3
Earnings From Continuing Operations	62.2	80.04	101.39	98.68	42.2
Net Income	62.2	80.04	101.39	98.68	42.2
Preferred Dividends & Other Adjustments	-	0.51	0.56	0.67	0.53
Net Income to Common	62.2	79.54	100.84	98.01	41.66
Net Income Growth	-22.29%	-21.06%	2.75%	133.85%	28.69%
Basic Shares Outstanding	30	30	30	30	30
Diluted Shares Outstanding	30	30	30	30	30
Shares Change (YoY)	-0.75%	-0.20%	-0.26%	0.63%	-1.56%
EPS (Basic)	2.07	2.63	3.33	3.22	1.38
EPS (Diluted)	2.05	2.62	3.32	3.22	1.38
EPS Growth	-21.76%	-21.08%	3.11%	134.02%	29.85%
Dividend Per Share	1.000	1.000	0.940	0.540	0.520
Dividend Growth	0%	6.38%	74.07%	3.85%	-45.83%
Effective Tax Rate	29.80%	30.14%	27.95%	27.17%	29.08%

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