Hanmi Financial Corporation reported a solid financial performance for the second quarter of 2026, with net income reaching $23.5 million, a significant increase from $15.1 million in the same period last year. This translates to a basic earnings per share of $0.79, up from $0.50 in the prior year. For the first half of 2026, net income totaled $46.1 million, compared to $32.8 million for the first half of 2025. The company's total interest and dividend income for the second quarter was $103.3 million, a slight increase from $101.3 million year-over-year, while total interest expense decreased to $39.5 million from $44.2 million, contributing to a net interest income of $63.9 million, up from $57.1 million.
In terms of operational metrics, Hanmi Financial's total assets grew to $8.0 billion as of June 30, 2026, compared to $7.9 billion at the end of 2025. Total deposits also increased to $7.0 billion, up from $6.7 billion, driven by a rise in both noninterest-bearing and interest-bearing deposits. The company reported a loan-to-deposit ratio of 94.0%, down from 98.3% at the end of the previous year, indicating improved liquidity. The total loans, net of allowance for credit losses, stood at $6.46 billion, a slight decrease from $6.49 billion at the end of 2025.
Hanmi Financial has made strategic moves to enhance its market position, including the issuance of $55 million in Fixed-to-Floating Subordinated Notes on July 30, 2026, aimed at bolstering its capital base. The company also announced a quarterly cash dividend of $0.28 per share, reflecting its commitment to returning value to shareholders. Additionally, the bank has maintained a strong capital position, with a total risk-based capital ratio of 15.29% as of June 30, 2026, well above the regulatory minimum.
The company’s credit quality indicators showed improvement, with nonperforming loans decreasing to $9.9 million from $18.1 million at the end of 2025. The allowance for credit losses was $70.5 million, slightly up from $69.9 million, reflecting a proactive approach to managing credit risk. The company reported net charge-offs of $1.3 million for the second quarter, a significant reduction from $11.4 million in the same quarter last year, indicating a positive trend in loan performance.
Looking ahead, Hanmi Financial remains optimistic about its growth prospects, supported by a strong capital position and improved credit quality. The company plans to continue focusing on expanding its loan portfolio while managing risks effectively in a changing economic environment.
About HANMI FINANCIAL CORP
Hanmi Financial Corporation is a bank holding company that owns Hanmi Bank, a community bank serving primarily Korean-American and multi-ethnic communities across the U.S. West and South. The bank offers a range of retail and commercial banking services, including real estate, small business, SBA, and international loans. Its core value lies in serving underserved communities with personalized financial solutions and community-focused banking.
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