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Sep 30, 2024
Hanmi Q3 2024 Earnings Report
Reported strong third quarter results with solid performance across key operating metrics.
Key Takeaways
Hanmi Financial Corporation reported a net income of $14.9 million, or $0.49 per diluted share, for the third quarter of 2024. The company saw increases in net interest income, loan production, and total deposits. Asset quality remained a focus with resolution of criticized loans and proactive monitoring of others.
Net interest margin increased by five basis points to 2.74%.
Loans grew by 2% driven by a 27% increase in loan production.
Total deposits were up, led by 5% growth in noninterest-bearing demand deposits.
The company resolved several criticized and nonaccrual loans.
Hanmi
Hanmi
Forward Guidance
Hanmi is well-positioned for a strong close to 2024 with a robust balance sheet, ample liquidity, healthy capital ratios, and a solid loan pipeline.
Positive Outlook
- Robust balance sheet
- Ample liquidity
- Healthy capital ratios
- Solid loan pipeline
- Committed team delivering solutions