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what it is
Hanmi is a regional bank that takes deposits and makes business, real estate, SBA, and equipment-finance loans.
how it gets paid
Last year Hanmi Financial made $270M in revenue. commercial real estate lending was the main engine at $81M, or 30% of sales.
why it's growing
Revenue grew 15.3% last year. The supplied data conflicts: the EDGAR summary shows latest-quarter revenue of $199M and EPS of $1.82.
what just happened
Hanmi's supplied earnings data points to a profitable quarter, with $21.2M of Q4 2025 net income anchoring the release.
At a glance
B+ balance sheet — decent shape, but not bulletproof
50/100 earnings predictability — expect surprises
12.0x trailing p/e — the market's not buying it — or you found a deal
4.4% dividend yield — cash in your pocket every quarter
$2.05 fy2024 eps est
xvary composite: 56/100 — below average
What they do
Hanmi is a regional bank that takes deposits and makes business, real estate, SBA, and equipment-finance loans.
Hanmi wins by being specific, not huge. It serves Korean-American and small-business customers through 32 branches and eight loan offices across nine states, which gives you a relationship bank with wider reach than a single-city lender. Banking moat → sticky customer relationships and cheap funding → so what: your deposits and loans tend to stay put, which helps protect margins.
How they make money
$270M
annual revenue · their business grew +15.3% last year
commercial real estate lending
$81M
commercial and industrial lending
$54M
deposit and treasury services
$68M
sba and equipment lease finance
$41M
residential and construction lending
$26M
The products that matter
commercial lending
Commercial & Industrial Loans
core earnings engine
This is where the spread story lives: the bank produced $255M of net interest income, and Q4 net interest margin reached 3.27%.
3.27% margin
consumer and mortgage lending
Consumer & Residential Loans
supporting loan book
The page does not break out balances here. What you do know is total revenue was about $270M, so this is a supporting act inside a bank still driven mostly by commercial spread income.
$270M revenue base
checking, savings, cds
Deposit Services
$4.8B funding base
These accounts fund the loan book. With $4.8B in total deposits, cheaper and stickier funding matters more here than flashy fee growth.
$4.8B deposits
Key numbers
12.0x
trailing p/e
P/E → price versus yearly profit → so what: you are paying $12 for each $1 of earnings, which is cheap if profits hold.
4.4%
dividend yield
Dividend yield → cash paid to you each year versus stock price → so what: Hanmi pays you to wait.
28.2%
operating margin
Operating margin → profit left after core costs → so what: Hanmi keeps about $0.28 from each revenue dollar before taxes and other items.
$393M
long-term debt
Long-term debt → money owed over time → so what: leverage helps returns until the credit cycle turns.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 55 / 100
- long-term debt $393M (34% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for HAFC right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Hanmi's supplied earnings data points to a profitable quarter, with $21.2M of Q4 2025 net income anchoring the release.
The supplied data conflicts: the EDGAR summary shows latest-quarter revenue of $199M and EPS of $1.82, while Yahoo shows last earnings actual EPS of $0.73 and AP reported Q4 profit of $21.2M. The clean read is that profitability held up, but your source set is messy.
$199M
revenue
$1.82
eps
28.2%
operating margin
the number that mattered
The key number is $21.2M of quarterly profit, because it confirms Hanmi stayed profitable even as the supplied EPS figures disagree.
source: company earnings report, 2026
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What could go wrong
the #1 risk is an SEC-linked hit to confidence in Hanmi's financial reporting controls.
high
financial reporting credibility
A June 2024 SEC filing flagged the risk of not detecting a material misstatement in Hanmi's financial reports. For a small bank, credibility is capital.
If trust in the filings slips, the 12.0x earnings multiple can get cheaper before anything in the income statement changes.
med
modest loan growth
Management is guiding to low-to-mid single digit loan growth. That is fine for stability. It is not enough to bail out the stock if profitability softens.
With about $270M in revenue, slow loan growth puts a ceiling on how fast the top line can move.
med
margin gives, margin takes
Q4 net interest margin improved to 3.27%. That's the bull point. It also means the quarter leaned heavily on a number that can reverse if funding gets pricier or asset yields fall.
Because $255M of $270M revenue comes from net interest income, even a small margin move matters more here than in a fee-heavy bank.
med
deposit competition
The bank runs on $4.8B of deposits. If those deposits demand higher rates or become less sticky, the economics of the whole model get worse.
The bank only generated $15M of non-interest income, so there is not much fee revenue to offset pressure on funding costs.
Between the SEC overhang, a business mix where 94% of revenue comes from net interest income, and only modest loan growth, Hanmi does not have a lot of spare narrative. The yield helps. It does not fix a credibility problem or a spread squeeze.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
Q1 2026 earnings report
Scheduled for April 28, 2026. Watch whether margin holds near 3.27% and whether loan growth is any better than management's low-to-mid single digit guide.
regulatory
SEC overhang
The June 2024 filing issue is still the reputational risk that matters most. Any update on controls or disclosures matters more than usual for a bank this size.
profitability
net interest margin
This is the main operating lever. With $255M of net interest income and only $15M of non-interest income, you follow the spread first.
capital return
dividends and buybacks
Hanmi returned $42M to shareholders in 2025. If growth stays modest, capital return will keep doing more of the investment-case work.
Analyst rankings
earnings predictability
50 / 100
In human-speak, analysts do not see this as a clean, easy-to-model earnings story.
price stability
55 / 100
More stable than a biotech, less stable than a sleepy utility. That's about what you'd expect from a small regional bank.
source: institutional data
Institutional activity
institutional ownership data for HAFC is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$29
current price
n/a
target midpoint · n/a from current
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