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Dec 31, 2020
Hanmi Q4 2020 Earnings Report
Hanmi reported a strong performance in Q4 2020, marked by excellent loan production, stable net interest margin, and careful expense management.
Key Takeaways
Hanmi Financial Corporation reported a net income of $14.3 million for the fourth quarter of 2020, or $0.47 per diluted share, compared to $3.1 million, or $0.10 per diluted share for the fourth quarter of 2019. The quarter was highlighted by a significant increase in total loan and lease production and a stable net interest margin.
Net income for Q4 2020 was $14.3 million, or $0.47 per diluted share.
Total loan and lease production increased by more than 27% from the prior quarter.
Net interest margin remained stable at 3.13%.
Noninterest expense declined by 9.3% year-over-year.
Forward Guidance
Hanmi anticipates profitable growth due to its solid balance sheet, strong capital position, and robust loan and deposit franchise, remaining cautiously optimistic about continued economic improvement.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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