Raymond James Upgrades Hanmi Financial (HAFC) to Strong Buy
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Hanmi’s Strong Fourth Quarter and Full Year 2015 Results Led by Solid New Loan Production and 14.2% Growth in Loans Receivable
January 26, 2016 8:32 AM EST2015 Fourth Quarter and Full Year Highlights: Â Â
Fourth quarter net income of $14.8 million, or $0.46 per diluted share; full year net income of $53.8 million, or $1.68 per diluted share.Fourth quarter loans receivable up 4.5%, or $138.2 million, from the third quarter and up 14.2% from a year ago.Fourth quarter new loan production of $268.5 million up 31.4% from a year ago; full year new loan production of $917.5 million, up 49.2% from prior year.Noninterest bearing deposits up 3.7% from the third quarter and 13.0% from a year ago and represent 32.9% of deposits.Fourth quarter net interest margin, excluding... More