Hanmi Financial (HAFC) Investor presentation summary

Business highlights

• Total assets reached $7.9B, with $6.6B in loans and $6.7B in deposits as of 4Q25, reflecting strong growth and a well-capitalized position with a 9.99% tangible common equity to tangible assets ratio.

• Achieved a 9% CAGR in both loans and deposits since 2013, with business deposits comprising 55% of the total and noninterest-bearing deposits at 30%.

• Diversified loan portfolio: CRE at 61%, C&I at 16%, RRE at 16%, and equipment finance at 6%.

• USKC loans and deposits accounted for 13% and 15% of respective portfolios, supporting Korean-American business activity.

• Maintains a nationwide branch network focused on high Asian-American and multi-ethnic MSAs.

Financial performance

• 4Q25 net income was $21.2M ($0.70 per diluted share), with a 1.07% ROAA and 10.14% ROAE.

• Net interest income grew 2.9% quarter-over-quarter to $62.9M, with a net interest margin of 3.28%.

• Noninterest income declined 16% to $8.3M, mainly due to lower bank-owned life insurance proceeds and reduced gains on mortgage sales.

• Noninterest expense rose 5% to $39.1M, driven by higher personnel, professional fees, and seasonal advertising.

• Efficiency ratio stood at 54.95% for the quarter.

Asset quality and risk management

• Nonperforming assets to total assets improved to 0.26%, and nonperforming loans to total loans to 0.28%.

• Allowance for credit losses was $69.9M (1.07% of loans), with net charge-offs at $1.6M for the quarter.

• Criticized loans increased by $51.6M, mainly due to a $55M CRE hospitality loan downgrade.

• CRE concentration reduced from 85% in 2013 to 61% in 2025, with robust risk management and stress testing practices.

• Liquidity remains strong, with liquid assets at 13.5% of total assets and ample borrowing capacity.