Loading...
•
Jun 30, 2022
Hanmi Q2 2022 Earnings Report
Reported a net income increase driven by growth in net interest income and noninterest income, managed noninterest expenses, and a modest credit loss expense.
Key Takeaways
Hanmi Financial Corporation reported a net income of $25.1 million for the second quarter of 2022, an increase of 21.0% compared to the previous quarter. Strong earnings were supported by record loan production, an increased net interest margin, and excellent asset quality, along with disciplined expense management.
Net income for the second quarter of 2022 was $25.1 million, or $0.82 per diluted share, up 21.0% from the first quarter of 2022.
Record loan production was achieved in residential mortgage, equipment finance, and SBA groups.
Deposits increased by 3.4% in the quarter, primarily driven by noninterest-bearing demand deposits, which grew by 3.9%.
The efficiency ratio improved to 46.05% for the second quarter from 53.29% for the prior quarter.
Hanmi
Hanmi
Hanmi Revenue by Segment
Revenue by Segment
Commercial Real Estate Revenue
CapyFin.comResidential/Consumer Loans Revenue
CapyFin.comCommercial and Industrial Loans Revenue
CapyFin.comSBA Loans Revenue
CapyFin.comEquipment Finance Revenue
CapyFin.com Forward Guidance
Hanmi is well positioned to continue to deliver disciplined growth and attractive returns for its shareholders.
Positive Outlook
- Strong momentum across diverse business lines.
- Stellar loan production, driving 6.0% sequential growth in loans.
- Record loan production in residential mortgage platform, equipment finance and SBA group.
- Deposit-gathering initiatives continue to bear fruit.
- Strategic investments in new talent and technology continue to fuel strategic initiatives.