Hanmi Financial Corporation reported its financial results for the first quarter of 2026, showing a net income of $22.6 million, a 27.5% increase from $17.7 million in the same period last year. This growth was driven by a rise in net interest income, which reached $63.2 million, up from $55.1 million, reflecting a 14.7% increase. The company's total interest and dividend income also rose to $102.2 million, compared to $99.3 million in the prior year, primarily due to higher interest income from commercial and industrial loans and residential loans.
Total assets for Hanmi Financial as of March 31, 2026, were $7.84 billion, a slight decrease from $7.87 billion at the end of 2025. The company's loan portfolio, net of allowances for credit losses, was $6.47 billion, down marginally from $6.49 billion at the end of the previous year. The allowance for credit losses increased to $70.5 million, representing 1.08% of total loans, compared to 1.07% at the end of 2025. The company reported a decrease in nonperforming loans to $12.4 million, or 0.19% of total loans, down from $18.1 million, or 0.28%, at the end of 2025.
In terms of deposits, Hanmi Financial saw an increase to $6.80 billion as of March 31, 2026, up from $6.68 billion at the end of 2025. This growth was attributed to increases in time deposits and money market accounts. The loan-to-deposit ratio improved to 96.2% from 98.3% in the previous quarter. The company also maintained a strong capital position, with a total risk-based capital ratio of 15.22%, well above the regulatory minimum for being classified as "well capitalized."
Strategically, Hanmi Financial has focused on enhancing its operational efficiency and expanding its market presence. The company has not made any significant acquisitions recently but continues to invest in technology and infrastructure to support its growth. The management remains optimistic about the future, citing a favorable economic outlook and plans to leverage its strong capital position to pursue growth opportunities. The company declared a quarterly cash dividend of $0.28 per share, reflecting its commitment to returning value to shareholders while maintaining a solid capital base.
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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