Hanmi Financial (HAFC) Reports In-Line Q1 EPS

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Go back to Hanmi Financial (HAFC) Reports In-Line Q1 EPS

Hanmi Reports First Quarter 2019 Results

April 23, 2019 4:05 PM EDT

2019 First Quarter Highlights:

Net income of $14.7 million, or $0.48 per diluted share, up 28.9% from the prior quarter and down 1.2% year-over-year.Loans and leases receivable stood at $4.58 billion at the end of the first quarter, compared with $4.60 billion at the end of the prior quarter, and up 3.7% from $4.41 billion at the end of the first quarter of 2018.Deposits reached $4.82 billion, up 6.0% in the first quarter on an annualized basis and up 10.1% year-over-year driven by growth in time deposits; Loan-to-deposit ratio declined to 94.9% from 96.9% in the prior quarter.Net charge-offs declined... More