Hanmi Financial Q4 net income falls 3.7%, deposits down 1.3%

Overview

• U.S. bank's Q4 net income fell 3.7% from Q3 due to lower noninterest income

• Net interest income rose 2.9% from Q3, driven by lower deposit costs

• Deposits fell 1.3% from Q3, with noninterest-bearing deposits stable at 30.2%

Outlook

• Hanmi anticipates solid loan and deposit growth in 2026

• Company expects further net interest margin expansion

• Hanmi sees stable asset quality supporting growth strategy

Result Drivers

• NET INTEREST INCOME - Increased 2.9% from prior quarter due to lower interest expense on deposits, despite a decline in loan yields

• LOAN GROWTH - Loans receivable increased by 0.5% from the prior quarter, driven by new loan production

• DEPOSITS DECLINE - Total deposits fell 1.3% from the prior quarter, though noninterest-bearing deposits remained stable at 30.2%

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for Hanmi Financial Corp is $30.75, about 8.2% above its January 26 closing price of $28.41

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNXvmYXs

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