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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.
Hanmi
Hanmi
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.