{"id":840221,"date":"2025-04-22T16:28:42","date_gmt":"2025-04-22T20:28:42","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hanmi-reports-2025-first-quarter-results\/"},"modified":"2025-04-22T16:28:42","modified_gmt":"2025-04-22T20:28:42","slug":"hanmi-reports-2025-first-quarter-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hanmi-reports-2025-first-quarter-results\/","title":{"rendered":"Hanmi Reports 2025 First Quarter Results"},"content":{"rendered":"
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LOS ANGELES, April 22, 2025 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (NASDAQ: HAFC, or \u201cHanmi\u201d)<\/strong>, the parent company of Hanmi Bank (the \u201cBank\u201d), today reported financial results for the first quarter of 2025.<\/p>\n

Net income for the first quarter of 2025 was $17.7 million, or $0.58 per diluted share, unchanged from the fourth quarter of 2024. The return on average assets for the first quarter of 2025 was 0.94% and the return on average equity was 8.92%, compared with a return on average assets of 0.93% and a return on average equity of 8.89% for the fourth quarter of 2024.<\/p>\n

\n CEO Commentary <\/strong>
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\u201cOur team delivered strong results in the first quarter with solid operating performance across all of our business lines,\u201d said Bonnie Lee, President and Chief Executive Officer. \u201cWe achieved our third consecutive quarter of net interest margin expansion, up 11 basis points to 3.02%, primarily driven by lower funding costs.\u201d<\/p>\n

\u201cDeposits increased 3% driven by new commercial accounts and contributions from our newly opened branches, a testament to our core relationship-based banking model. Loan production was solid, fueled by healthy originations in residential mortgages and our SBA business. Importantly, we maintained our strong credit quality, and continued to effectively manage our operating expenses, resulting in our best quarterly efficiency ratio since the fourth quarter of 2023.\u201d<\/p>\n

\u201cOverall, our first quarter results were well-balanced and reflected continued growth and positive momentum, including the successful opening of a new branch in the Atlanta region. Despite elevated macroeconomic uncertainty, our team\u2019s focus, discipline, and commitment to providing exceptional service and market leading products positions us well to deliver long-term value to our shareholders.\u201d<\/p>\n

\n First Quarter 2025 Highlights:<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n