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Dec 31, 2022
Hanmi Q4 2022 Earnings Report
Hanmi Financial Corporation reported solid results for Q4 2022, achieving record full-year earnings and loan production.
Key Takeaways
Hanmi Financial Corporation reported a net income of $28.5 million for the fourth quarter of 2022, representing an increase of 4.8% compared to the previous quarter. The results reflect growth in net interest income and improvements in asset quality.
Net income for Q4 2022 was $28.5 million, or $0.93 per diluted share, up 4.8% from the previous quarter.
Net interest income increased by $1.5 million, driven by a rise in average loans.
Asset quality improved, with special mention loans decreasing from $123.0 million to $79.0 million.
New loan production for the full year 2022 was a record $2.12 billion.
Hanmi
Hanmi
Forward Guidance
Hanmi enters 2023 with a strong balance sheet and a demonstrated ability to manage through challenging times.
Positive Outlook
- Strong balance sheet
- Demonstrated ability to manage through challenging times
- Asset quality remains very healthy
- Proactive communication with customers
- Focus on prudent growth
Challenges Ahead
- Uncertain macroeconomic environment
- Potential challenges in the market
- Need to navigate uncertain environment
- Competitive pressures
- Regulatory changes