Hanmi Financial Corporation (HAFC) SEC Filings & Earnings Calls

Classified loan growth

“Classified loans were $45.7 million and $25.9 million at June 30, 2026 and December 31, 2025, respectively. The $19.8 million increase for the six months ended June 30, 2026 resulted from additions of $38.2 million and reductions of $18.4 million.” · word for word

CRE office loan exposure

“Charge-offs for the three months ended June 30, 2025 included an $8.6 million charge-off of a syndicated commercial real estate office loan.” · word for word

Noninterest expense growth

“For the three months ended June 30, 2026, noninterest expense was $39.0 million, an increase of $2.7 million, or 7.4%, compared with $36.3 million for the same period in 2025.” · word for word

Refinancing $110M of 3.75% notes with $55M of 6.50% notes; higher coupon may increase interest expense, but net debt reduced.

“Issued $55M at 6.50% to redeem $110M at 3.75%; net debt reduction but higher cost on remaining.”

Forward-looking statements include typical banking risks (credit, interest rate, regulatory, cybersecurity). No new material risks identified.

“Standard risk factor language in press release.”

NIM compression risk from FHLB dividend normalization and potential deposit cost increases.

“Net interest margin decreased two basis points due to normalization of FHLB dividend income.” · word for word

Credit deterioration in equipment finance

“Equipment financing agreements (2,423 ) (2.39 )%”

Rising special mention loans

“Special mention loans were $93.7 million and $71.1 million at March 31, 2026 and December 31, 2025, respectively. The $22.6 million increase in the first quarter of 2026 was primarily due to the downgrade of a $21.2 million commercial real estate loan in the retail industry.” · word for word

Expense growth outpacing revenue growth

“Total noninterest expense $ 38,368 $ 34,984 $ 3,384 9.67 %” · word for word

Concentration in Korean-American community and multi-ethnic markets

“Hanmi Bank continues to grow by staying true to a relationship-based banking model that puts our customers first... We further expanded our reach with the opening of our first full-service branch in Georgia.” · word for word

Potential impact of macroeconomic uncertainty on loan demand and credit quality

“2025 was another year of evolving macroeconomic conditions that, at times, created varying degrees of uncertainty.” · word for word

Dependence on key personnel and succession planning

“The discretionary component metric achievement is based on the substantial progress made on succession planning initiatives for key executive roles” · word for word

Credit Loss Cycle

“Credit loss expense increased by $10.0 million, to $14.4 million for the year ended December 31, 2025, compared with $4.4 million for the year ended December 31, 2024. The increase was primarily due to an $8.6 million charge-off during 2025.” · word for word

CRE Price Index Decline

“USA CRE Price Index Growth (Annualized Growth Rate) (1.09)% Baseline forecast for Q1 2026” · word for word

No new risk signals; standard regulatory and economic risks mentioned in forward-looking statements.

“Forward-looking statements caution: changes in governmental policy, monetary policy, economic uncertainty, tariffs, government shutdown, interest rate risk, credit risk, competitive pressures, funding access, deposit portfolio composition, uninsured deposits, FDIC assessments, natural disasters, cyberattacks, allowance for credit losses.”

Deposit outflows: total deposits decreased 1.3% QoQ, though noninterest-bearing deposits remained stable.

“Deposits were $6.68 billion, down 1.3% from the prior quarter” · word for word

Noninterest income decline: lower income on bank-owned life insurance reduced noninterest income by $1.6M.

“lower noninterest income of $1.6 million primarily related to a decrease in income on bank owned life insurance” · word for word

Expense increase: salaries and professional fees increased, driving noninterest expense up $1.8M.

“noninterest expense increased $1.8 million due to higher salaries and professional fees” · word for word

Credit quality deterioration

“Credit loss expense for the nine months ended September 30, 2025 was $12.5 million compared with credit loss expense of $3.5 million for the nine months ended September 30, 2024.” · word for word

Nonaccrual loan increase

“Nonaccrual loans were $19.4 million and $14.3 million as of September 30, 2025 and December 31, 2024, respectively, representing an increase of $5.1 million, or 35.7%.” · word for word