Hanmi Financial Posts Q3 EPS of 80 Cents
HAFC sits 29% above its 52-week low of $24.54.
Summary
Hanmi Financial reported third-quarter EPS of 80 cents, the first hard number on Q3 profitability, with profit rising as higher net interest income offset a loan charge-off. The net interest margin came in at 3.44%, compared with the 3.36% net interest margin in the prior quarter disclosed in the August 10-Q, when net income was $23.5 million. The headline carries no revenue, provision or comparison figure, so the size of any beat or miss against consensus is not yet visible. The July 30 subordinated debt raise — $55 million of 10-year notes at 6.50% alongside redemption of $110 million of 3.75% notes — is the main swing factor for Q4 net interest expense. Full Q3 detail, including credit metrics, will come with the 10-Q filing.
At the time of this announcement, HAFC was trading at $31.73 on NASDAQ in the Finance sector, with a market capitalization of approximately $960.9M. The 52-week trading range was $24.54 to $33.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.