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Mar 31, 2024
Hanmi Q1 2024 Earnings Report
Hanmi's financial performance reflected a decrease in net income and net interest income, alongside an increase in noninterest income and noninterest expense.
Key Takeaways
Hanmi Financial Corporation reported a net income of $15.2 million for Q1 2024, a decrease from $18.6 million in the previous quarter. The company saw a decrease in net interest income but an increase in noninterest income. Deposits increased, and the loan portfolio remained consistent.
Net income for the first quarter of 2024 was $15.2 million, or $0.50 per diluted share.
Deposits increased by $95.5 million, or 1.5%, from the previous quarter.
Noninterest income increased by $1.1 million to $7.7 million.
Total assets decreased slightly to $7.51 billion.
Hanmi
Hanmi
Forward Guidance
Hanmi will continue to optimize its branch network through consolidation and expansion into new markets, focusing on building enduring banking relationships and creating value for shareholders.