Hanmi Financial Corporation (HAFC)
Summary
HAFC Chart
Hanmi Financial Corporation's Big Run Higher Doesn't Justify A Downgrade Just Yet
Hanmi Financial Corporation maintains a soft ‘buy' rating due to improving fundamentals, robust asset quality, and expanding net interest margin. HAFC's deposit base grew to $6.96 billion, while loan balances slightly declined and uninsured deposits rose to 44.9%, above the preferred threshold. Net interest margin increased to 3.36%, aided by lower deposit and debt costs, driving net interest income up to $62.7 million.
Improvements At Hanmi Financial Corporation Support An Upgrade
Hanmi Financial Corporation is upgraded to Buy, reflecting improved operational metrics and a stronger bottom line. HAFC maintains a robust deposit base with 30.7% non-interest-bearing deposits. Net interest margin stood at 3.36% in Q2 2026. Commercial real estate loans comprise 61% of the loan portfolio, with non-owner-occupied CRE at 41%. Heavy concentration of these loans in California adds risk here.
Hanmi Financial (HAFC) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Hanmi Financial (HAFC) have what it takes?
Hanmi Financial Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 142 | $3,617.2 | $4,600.8 | $983.6 | 27.19% |
| HL Howard Lu FIRST WILSHIRE SECURITIES MANAGEMENT Inc. | 18,731 | $198,567.47 | $607,633.64 | $409,066.17 | 206.01% |
| BG Bart Gancher Intech Investment Management LLC | 60,975 | $1.7M | $1.95M | $248,611.58 | 14.65% |
| JM John Malone Amundi | 11,372 | $299,765.92 | $360,264.96 | $60,499.04 | 20.18% |
 Point72 Asset Management LP Point72 Asset Management LP | 120,240 | $3.54M | $3.9M | $357,709.8 | 10.1% |
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Hanmi Financial Corporation Profile
| Banks Industry | Financials Sector | Bonita I. Lee CEO | NASDAQ (NGS) Exchange | 410495204 CUSIP |
| US Country | 608 Employees | 3 Aug 2026 Last Dividend | 19 Dec 2011 Last Split | 4 Oct 1996 IPO Date |
Overview
Hanmi Financial Corporation stands as the parent company to Hanmi Bank, delivering a comprehensive suite of business banking solutions across the United States. Founded in 1982, with its headquarters nestled in Los Angeles, California, Hanmi has carved a niche for itself by catering to the banking needs of businesses with a diverse range of deposit products, loans, and international finance and trade services. Its commitment to serving the financial needs of businesses, coupled with a broad portfolio of banking products, underscores its role as a pivotal player in the banking sector.
Products and Services
Deposit Products:
Hanmi Bank offers a wide variety of deposit accounts to cater to the diverse needs of its customers. This includes noninterest-bearing checking accounts, ideal for customers looking to manage their day-to-day financial transactions without the concern of accruing interest. Additionally, the bank offers savings accounts for those looking to earn interest on their deposits, negotiable order of withdrawal (NOW) accounts, money market accounts for higher interest rates compared to regular savings accounts, and certificates of deposit (CDs) for those looking for fixed-term investment options with guaranteed returns.
Real Estate Loans:
To support the growing needs of the real estate sector, Hanmi provides a comprehensive suite of real estate loans. This encompasses loans for commercial properties to facilitate the acquisition, development, and construction of commercial real estate projects. It also offers construction loans targeting builders and real estate developers, along with residential property loans designed to assist individuals and families in purchasing or refinancing residential properties.
Commercial and Industrial Loans:
Businesses seeking financial support for expansion, equipment purchase, or working capital can benefit from Hanmi's commercial and industrial loans. These include commercial term loans with fixed repayment schedules and commercial lines of credit offering flexible access to funds up to a predetermined limit for managing cash flow effectively.
International Finance and Trade Services:
Hanmi meets the global trading needs of businesses through its international finance and trade services, including letters of credit for facilitating international trade transactions and both import and export financing solutions to support businesses involved in global trade activities.
Small Business Administration (SBA) Loans:
The bank provides SBA loans tailored for various business purposes such as owner-occupied commercial real estate purchases, business acquisitions, start-ups, franchise financing, and more. These loans are designed to offer financial solutions with favorable terms, including working capital, improvements and renovations, inventory and equipment funding, and debt refinancing options.
Equipment Lease Financing:
Hanmi offers equipment lease financing options as part of its commitment to support businesses in their growth and operational efficiency. This allows businesses to lease the necessary equipment rather than purchasing it upfront, facilitating better cash flow management and the efficient utilization of capital.
