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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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