Hanmi Financial CorpHAFC

NasdaqFinanceNational Commercial Banks
Price (close)
$31.83
Market cap
$943.8M
P/E
10.6x
Revenue (TTM)
$286.1M
Net income
$89.4M
Dividend yield
3.49%
1-year total return
33.2%
Net margin
31.2%
Revenue growth
15.7%
Debt / equity
—

What Hanmi Financial Corp does.

Hanmi Financial Corporation (“Hanmi Financial,” the “Company,” “we,” “us” or “our”) is a Delaware corporation incorporated in 2000 to be the holding company for Hanmi Bank (the “Bank”) and is subject to the Bank Holding Company Act of 1956, as amended (the “BHCA”). Our principal office is located at 900 Wilshire Boulevard, Suite 1250, Los Angeles, California 90017, and our telephone number is (213) 382-2200.

Hanmi Bank, the primary subsidiary of Hanmi Financial, is a state-chartered bank incorporated under the laws of the State of California in 1981, and licensed pursuant to the California Financial Code. The Bank’s deposit accounts are insured under the Federal Deposit Insurance Act up to applicable limits thereof. The California Department of Financial Protection and Innovation (the “DFPI”) is the Bank’s primary state bank regulator and the FDIC is its primary federal regulator. The Bank’s headquarters are located at 3660 Wilshire Boulevard, Penthouse Suite A, Los Angeles, California 90010.

The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community and other multi-ethnic communities across California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. The Bank’s full-service offices are located in markets where many of the businesses are owned by immigrants and other minority groups. The Bank’s client base reflects the multi-ethnic composition of these communities.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$224.0M$235.5M$271.8M$255.4M$234.4M$270.2M
Net income$42.2M$98.7M$101.4M$80.0M$62.2M$76.1M
Free cash flow$55.8M$91.0M$145.4M$106.8M$49.9M$203.7M

More on HAFC.

Figures from Hanmi Financial Corp's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.