Hanmi Financial (HAFC) Tops Q3 EPS by 11c

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Go back to Hanmi Financial (HAFC) Tops Q3 EPS by 11c

Hanmi Reports Third Quarter 2022 Results

October 25, 2022 4:05 PM EDT

LOS ANGELES, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or Hanmi), the parent company of Hanmi Bank (the Bank), today reported financial results for the third quarter of 2022.

Net income for the third quarter of 2022 was $27.2 million, or $0.89 per diluted share, up 8.5% from $25.1 million, or $0.82 per diluted share for the second quarter of 2022. The sequential quarter increase in net income reflects growth in net interest income, carefully managed noninterest expenses and a modest credit loss expense. Return on average assets and return on average equity for the third quarter of 2022 were 1.52% and 15.58%,... More