Apr. 22 at 9:20 PM
$HAFC
Hanmi Financial reported Q1 2025 net income of
$17.7 million, or
$0.58 per diluted share, unchanged from Q4 2024.
The company achieved a return on average assets of 0.94% and return on average equity of 8.92%.
Key highlights include:
Net interest margin expanded 11 basis points to 3.02%
Deposits increased 2.9% to
$6.62 billion
Loans receivable grew 0.5% to
$6.28 billion
Loan production reached
$345.9 million with 7.35% weighted average interest rate
Net interest income rose 3.1% to
$55.1 million
Credit quality metrics showed nonperforming loans at
$35.6 million (0.57% of loans), while the allowance for credit losses was
$70.6 million (1.12% of loans).
The efficiency ratio improved to 55.69%, marking the best quarterly performance since Q4 2023.
