Hanmi Financial Corporation

NasdaqGS:HAFC Stock Report

Market Cap: US$965.0m

Hanmi Financial Past Earnings Performance

Past criteria checks 4/6

Hanmi Financial's earnings have been declining at an average annual rate of -5%, while the Banks industry saw earnings growing at 3.1% annually. Revenues have been growing at an average rate of 0.4% per year. Hanmi Financial's return on equity is 10.1%, and it has net margins of 30.4%.

Key information

-4.98%

Earnings growth rate

-4.64%

EPS growth rate

Banks Industry Growth11.18%
Revenue growth rate0.35%
Return on equity10.09%
Net Margin30.37%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update • Jun 25

HAFC: Share Gains And Buybacks Will Shape Future Return Tradeoff

Analysts have maintained their $32 price target on Hanmi Financial, citing stronger recent share price gains and expectations that future stock moves may more closely align with relatively stable return forecasts, even as minor model adjustments indicate only small changes in growth, margins, and future P/E assumptions. Analyst Commentary Recent Street research on Hanmi Financial centers on how the stock price now lines up with existing return expectations, with several firms reaffirming a US$32 price target while adjusting ratings and targets around that level.
Narrative Update • Jun 06

HAFC: Stable Forecasts And Buybacks Will Support Measured Upside Potential

Analysts have kept their average price target for Hanmi Financial broadly steady at about $32, with recent updates reflecting mixed views. These include a downgrade to Neutral after the stock's recent gains, as well as separate upward target revisions from other firms tied to relatively stable long term return forecasts.
Narrative Update • May 23

HAFC: Fine-Tuned Forecasts And Buybacks Will Support Balanced Return Potential

Hanmi Financial's analyst price target has been revised higher to $32.88 from $32.13. Analysts point to updated assumptions around revenue growth, profit margins, discount rate and future P/E as key drivers of the change.
Narrative Update • Apr 24

HAFC: Buybacks And Dividend Policy Will Support Balanced Future Return Potential

Hanmi Financial's analyst price target has shifted to $32.13 from $31.00. This reflects updated views from analysts who have recently adjusted their assumptions on fair value, revenue growth, profit margins, and future P/E expectations.
Narrative Update • Apr 09

HAFC: Buyback Expansion And Higher Dividend Will Support Future Returns

Analysts have made only a modest shift in their outlook for Hanmi Financial, trimming the blended price target by about $0.50 to $31.00 as they weigh a recent $0.50 increase from Keefe Bruyette against a $2.00 reduction from Piper Sandler and update assumptions around revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research shows a split view on Hanmi Financial, with one group of bullish analysts lifting their price target by $0.50 to $31.00, while more cautious voices cut theirs by $2.00.
Narrative Update • Mar 26

HAFC: Buyback Expansion And Higher Dividend Will Support Future Upside

Hanmi Financial's analyst price target has been raised by $1, with analysts pointing to updated research that keeps key inputs such as fair value, discount rate, revenue growth, profit margin and forward P/E essentially unchanged while refining their overall view of the shares. Analyst Commentary Bullish Takeaways Bullish analysts view the US$1 increase in the price target as a refinement of their existing thesis rather than a major shift, which keeps the story anchored to stable assumptions on fair value and P/E.
Seeking Alpha • Mar 16

Hanmi Financial Is Finally Worth Banking On (Upgrade)

Summary Hanmi Financial Corporation is upgraded from "hold" to a very soft "buy" as fundamentals and valuation have improved. HAFC’s asset quality remains solid, with non-performing loans at 0.28% and a return on assets of 1.07%. Deposit and loan growth are robust, though uninsured deposits remain elevated at 43.7%, above the preferred 30% threshold. Valuation is attractive, with price-to-book and price-to-tangible-book multiples under 1 and a P/E of 10.2. Read the full article on Seeking Alpha
Narrative Update • Mar 11

HAFC: Buybacks And Dividend Increases Will Support Future Upside Potential

Analysts have inched their average price target for Hanmi Financial higher by $1, reflecting updated views on fair value, modest tweaks to profit margin assumptions, and a slightly adjusted future P/E multiple. Analyst Commentary Recent research points to a slightly higher view of fair value for Hanmi Financial, tied to updated profit margin assumptions and a modestly revised future P/E multiple.
Narrative Update • Feb 25

HAFC: Buybacks And Dividend Growth Will Support Future Upside Potential

Analysts have increased their price target on Hanmi Financial by $1 to $31.67, citing updated views on fair value, discount rate assumptions, revenue growth, profit margins, and future P/E estimates as the primary factors behind the change. Analyst Commentary Bullish Takeaways Bullish analysts view the revised US$31.67 price target as better aligned with their fair value work, reflecting updated assumptions around revenue growth, profit margins, and P/E levels.
Narrative Update • Feb 10

HAFC: Incremental Buybacks And Dividend Policy Will Support Future Returns

Analysts have lifted their price target on Hanmi Financial by about $1 to around $31.67, citing small changes in assumptions for fair value, discount rate, revenue growth and profit margins as the main reasons for the update. Analyst Commentary Bullish Takeaways Bullish analysts see the roughly $1 increase in the price target to about $31.67 as consistent with modest improvements in their fair value models, suggesting they view recent inputs as supportive rather than requiring a major rethink.
Analysis Article • Feb 03

Hanmi Financial's (NASDAQ:HAFC) Shareholders Will Receive A Bigger Dividend Than Last Year

The board of Hanmi Financial Corporation ( NASDAQ:HAFC ) has announced that it will be paying its dividend of $0.28 on...
Narrative Update • Jan 26

HAFC: Stable Assumptions Will Support Balanced Returns Outlook

Analysts have kept their price target for Hanmi Financial steady at US$31.00, reflecting relatively unchanged views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. Valuation Changes Fair Value: Held steady at US$31.00 per share, indicating no change in the central valuation estimate.
Narrative Update • Jan 12

HAFC: Margin Gains And Buybacks Will Shape Balanced Returns Outlook

Analysts have raised their price target on Hanmi Financial to about US$30.50 from US$29.00, citing better than expected margin improvement and loan momentum as the key reasons for the change. Analyst Commentary Bullish Takeaways Bullish analysts view the higher US$30.50 price target as a reflection of stronger execution on margins, which they see as supportive of the current valuation range.
Narrative Update • Dec 21

HAFC: Margin Strength And Buybacks Will Support Balanced Upside Ahead

Analysts modestly raised their price target on Hanmi Financial, increasing estimated fair value from approximately $30.63 to $31.00 per share, citing stronger than expected margin improvement and solid loan momentum as key drivers. Analyst Commentary Bullish analysts view the recent price target increase as validation that Hanmi Financial's earnings power is strengthening, supported by improving margins and sustained loan growth.
Narrative Update • Dec 07

HAFC: Margin And Loan Momentum Will Support Measured Upside Ahead

Analysts have nudged their price target on Hanmi Financial higher by $1.50 to $30.50, citing stronger than expected margin improvement and loan momentum as key drivers of the upward revision. Analyst Commentary Bullish analysts point to the upside surprise in recent results as evidence that Hanmi Financial is executing ahead of expectations, which they view as justifying a higher valuation range.
Narrative Update • Nov 23

HAFC: Margin Improvement Will Drive Share Gains After $12 Million Buyback

Analysts have raised their price target on Hanmi Financial by $1.50 to $30.50, citing stronger than expected margin improvement and continued loan growth as key drivers for the revised outlook. Analyst Commentary Recent analyst updates reflect a balanced view of Hanmi Financial’s outlook, factoring in both favorable developments and ongoing challenges impacting the bank’s valuation and growth prospects.
Narrative Update • Nov 06

HAFC: Future Margin Strength Will Drive Share Gains After $12 Million Buyback

Analysts have increased their price target for Hanmi Financial from $29.25 to $30.63. They cite the company's stronger margins and continued loan growth as key factors behind the upward revision.
Narrative Update • Oct 23

Analyst Commentary Drives Higher Valuation as Hanmi Financial Delivers Strong Margins and Buybacks

Narrative Update on Hanmi Financial Analysts have increased their fair value estimate for Hanmi Financial from $27.75 to $29.25, citing stronger profit margins and sustained loan growth. This led to a price target increase in recent research updates.
Analysis Article • Apr 24

Hanmi Financial Corporation (NASDAQ:HAFC) Just Released Its First-Quarter Earnings: Here's What Analysts Think

It's been a good week for Hanmi Financial Corporation ( NASDAQ:HAFC ) shareholders, because the company has just...
Seeking Alpha • Mar 12

Hanmi Financial Corporation: Interesting, But Not A Business To Bank On

Summary Hanmi Financial Corporation, a niche bank focused on the Korean American community, has seen growth in deposits and loans but it struggles with profitability. Rising interest rates have negatively impacted the bank's net interest income and profitability, despite a respectable net interest margin. The company's valuation metrics and asset quality place it in the middle of its peer group, making it a solid 'hold' candidate. Despite appreciating the business model and growth, I recommend holding off on buying due to current financial challenges and valuation concerns. Read the full article on Seeking Alpha
Analysis Article • Feb 01

Hanmi Financial (NASDAQ:HAFC) Is Increasing Its Dividend To $0.27

The board of Hanmi Financial Corporation ( NASDAQ:HAFC ) has announced that the dividend on 26th of February will be...
Seeking Alpha • Nov 20

Hanmi Financial: Downgrading To Hold But Raising The Earnings Estimate

Summary California’s economy, the national economy, and declining interest rates indicate that loan growth can continue at the third quarter level. There is some opportunity to reinvest outgoing low-yielding loans at higher yields, which will boost the margin in the short term. The December 2025 target price suggests a small downside from the current market price. HAFC is offering a good dividend yield of 3.9% at a payout ratio of 45%. Read the full article on Seeking Alpha
Analysis Article • Oct 29

Hanmi Financial (NASDAQ:HAFC) Has Announced A Dividend Of $0.25

Hanmi Financial Corporation ( NASDAQ:HAFC ) will pay a dividend of $0.25 on the 20th of November. This makes the...
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New Narrative • Sep 24

Challenges Loom As Loan Sales And Margin Pressures Threaten Profitability

Selling residential mortgage and SBA loans to boost noninterest income reveals potential weaknesses in maintaining stable earnings.
Seeking Alpha • Sep 01

Hanmi Financial: 5.0% Dividend Yield And Next Year's Earnings Outlook Is Stable

Summary Even after a disappointing first half of the year, the macroeconomy gives hope that loan growth can bounce back. Interest rate cuts will lift loan growth but pressurize the margin. The December 2024 target price suggests a mid-single digit upside from the current market price. HAFC is offering an attractive dividend yield of 5.0%. The earnings estimate suggests that the dividend is secure. Read the full article on Seeking Alpha
Analysis Article • Jul 29

Hanmi Financial (NASDAQ:HAFC) Will Pay A Dividend Of $0.25

The board of Hanmi Financial Corporation ( NASDAQ:HAFC ) has announced that it will pay a dividend on the 21st of...
Analysis Article • Apr 30

Hanmi Financial (NASDAQ:HAFC) Has Affirmed Its Dividend Of $0.25

The board of Hanmi Financial Corporation ( NASDAQ:HAFC ) has announced that it will pay a dividend of $0.25 per share...
Seeking Alpha • Apr 27

Hanmi Financial: High Dividend Yield Is Safe From A Negative Earnings Outlook

Summary I think loan growth can bounce back from the first quarter’s poor performance. I’ve reduced the net interest margin estimate following the first quarter’s disappointing performance. Yields are already showing signs of pressure. I’ve reduced my earnings estimate to $2.18 per share for 2024 as I’ve reduced both my loan growth and margin estimates. HAFC is offering an attractive dividend yield of 6.3%. Despite the earnings outlook, I’m not expecting any dividend cut. The December 2024 target price suggests a high upside from the current market price. In my opinion, the market seems to have overreacted to the earnings outlook. Read the full article on Seeking Alpha
Seeking Alpha • Feb 06

Hanmi Financial: Over 6% Dividend Yield, Upgrading To Buy

Summary Earnings will likely dip this year because of margin pressure and normal growth of operating expenses. Hanmi Financial’s risks are not as high anymore as when I last published a report on the company. HAFC stock appears to be significantly undervalued. The December 2024 target price suggests a very high upside from the current market price. HAFC is currently offering a 6.3% dividend yield. The dividend appears secure considering the payout ratio. Read the full article on Seeking Alpha
Analysis Article • Nov 02

Hanmi Financial's (NASDAQ:HAFC) Dividend Will Be $0.25

Hanmi Financial Corporation's ( NASDAQ:HAFC ) investors are due to receive a payment of $0.25 per share on 22nd of...

Revenue & Expenses Breakdown

How Hanmi Financial makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:HAFC Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26264801360
31 Dec 25256751330
30 Sep 25246721310
30 Jun 25234651290
31 Mar 25232641270
31 Dec 24230621290
30 Sep 24233631280
30 Jun 24237671280
31 Mar 24243731270
31 Dec 23249801250
30 Sep 23258891240
30 Jun 23269981240
31 Mar 232741021210
31 Dec 222711011190
30 Sep 222741061180
30 Jun 222721051170
31 Mar 222671021160
31 Dec 21260981150
30 Sep 21234791130
30 Jun 21217691110
31 Mar 21197561080
31 Dec 20178421090
30 Sep 20168311100
30 Jun 20164271110
31 Mar 20158201120
31 Dec 19173331100
30 Sep 19182411070
30 Jun 19184451040
31 Mar 19201571040
31 Dec 18202581050
30 Sep 18206581060
30 Jun 18209561060
31 Mar 18210551050
31 Dec 17209541030
30 Sep 17206571010
30 Jun 17202551000
31 Mar 1720055990
31 Dec 1619856970
30 Sep 1620157970
30 Jun 1620557990
31 Mar 1620457990
31 Dec 15207541020
30 Sep 15199451080
30 Jun 15184531020

Quality Earnings: HAFC has high quality earnings.

Growing Profit Margin: HAFC's current net profit margins (30.4%) are higher than last year (27.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HAFC's earnings have declined by 5% per year over the past 5 years.

Accelerating Growth: HAFC's earnings growth over the past year (25.2%) exceeds its 5-year average (-5% per year).

Earnings vs Industry: HAFC earnings growth over the past year (25.2%) exceeded the Banks industry 22.8%.

Return on Equity

High ROE: HAFC's Return on Equity (10.1%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/28 04:16
End of Day Share Price 2026/06/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hanmi Financial Corporation is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Siddharth KariwalaBofA Global Research
Joseph GladueB. Riley Securities, Inc.
null nullD.A. Davidson & Co.