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Mar 31, 2023
Hanmi Q1 2023 Earnings Report
Reported excellent first quarter results with deposit growth and maintained high liquidity.
Key Takeaways
Hanmi Financial Corporation reported a net income of $22.0 million for Q1 2023, a decrease compared to the previous quarter. However, the company saw annualized deposit growth, net income growth compared to the year-ago quarter, and maintained high levels of liquidity.
Net income for the first quarter of 2023 was $22.0 million, or $0.72 per diluted share.
Deposits grew by 2% annualized since year-end.
Net interest income decreased to $57.9 million from $64.6 million in the previous quarter.
Nonperforming loans increased to $20.1 million.