Hanmi Financial Results Presentation Deck
Net Income
$20.6M
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Diluted EPS
$0.67
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• Net income was $20.6 million, or $0.67 per diluted share, down 6.2% from $22.0 million, or $0.72 per diluted share, for the prior quarter
➤ Net interest income was $55.4 million, down 4.2% from the prior quarter
➤ Noninterest income decreased by 4.8% from the prior quarter to $7.9 million
➤ Noninterest expense was $34.3 million, up 4.5% from the prior quarter
Efficiency ratio was 54.11%, compared with 49.54% for the prior quarter
Deposits increased by 1.9% from the prior quarter to $6.32 billion with noninterest-bearing demand deposits representing 34.9% of total deposits
➤ Cost of interest-bearing deposits increased 52 basis points from the prior quarter to 3.25%
• Loans receivable remained relatively the same quarter over quarter at $5.97 billion
➤ Loan production was $259.3 million with an average rate of 7.39%
Credit loss expense was negative $0.1 million; allowance for credit losses to loans was 1.19% at June 30, 2023
Tangible common equity to tangible assets (1) was 8.96%, Common equity tier 1 capital ratio was 11.91% and total capital ratio was 15.12%
(1) Non-GAAP financial measure; refer to the non-GAAP reconciliation slide
ROAA
1.12%
H Hanmi Financial Corporation
ROAE
11.14%
NIM
3.11%
2Q23 Highlights
Efficiency Ratio TBVPS (1)
$21.56
54.11%
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