Hanmi Financial Q2 Net Income Rises on Deposit Growth, Lower Credit Costs
HAFC sits 48% above its 52-week low of $22.
Summary
Hanmi Financial reported Q2 net income of $23.5M, or $0.79 per share, driven by a 2.3% sequential deposit increase and lower credit loss expense. Noninterest-bearing deposits jumped 5.2%, while net interest income edged up to $63.9M on higher loan yields and cheaper deposit costs. The company returned 58% of earnings to shareholders via dividends and buybacks, and management expressed optimism for the second half of 2026. This follows a strong Q1 that saw improved margins and reduced non-performing loans, suggesting the earnings trajectory is holding. With shares trading near a 52-week high and a CET1 ratio of 12.28%, capital strength supports continued shareholder returns.
At the time of this announcement, HAFC was trading at $32.47 on NASDAQ in the Finance sector, with a market capitalization of approximately $966.5M. The 52-week trading range was $22.00 to $33.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.