Hanmi Financial (HAFC) Tops Q3 EPS by 4c

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Hanmi Reports 5.8% Loan Growth and $0.44 Earnings per Share for the Third Quarter

October 27, 2015 8:31 AM EDT

2015 Third Quarter Highlights:

Net income of $14.0 million, or $0.44 per diluted share. Loans receivable up 5.8% or $168.2 million from the second quarter and 13.5% from a year ago. New loan production up 47.1% or $306.1 million from the second quarter and 80.3% from a year ago. Noninterest bearing deposits up 5.0% from the second quarter and represent 31.7% of deposits. Asset quality continues to be strong with non-performing assets at 0.88% of total assets and a negative provision for loan losses of $3.7 million for the 2015 third quarter.

LOS ANGELES, Oct. 27, 2015 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation... More