Hanmi Financial (HAFC) Q3 2026 earnings summary

Executive summary

• Net income was $23.7M, up 0.8% QoQ and 7.4% YoY, or $0.80 per diluted share; PPNR rose 10.8% QoQ as higher credit costs tempered earnings growth.

• Deposits grew 1.4% QoQ to $7.06B and loans rose 0.5% to $6.57B; nonperforming assets remained 0.12% of assets.

Financial highlights

• Net interest income rose 5.8% QoQ and 10.6% YoY to $67.6M; operating revenue increased 6.1% QoQ to $76.6M.

• Taxable-equivalent NIM was 3.44%, up 8 bps QoQ and 22 bps YoY; reported NIM was 3.40%.

• Noninterest income rose 8.2% QoQ to $9.0M, mainly on SBA loan-sale gains; noninterest expense increased 2.1% to $39.8M, including $1.1M of accelerated debt-cost expense.

• Credit loss expense was $4.5M vs. $1.2M in Q2, primarily reflecting a $3.2M partial charge-off on a CRE loan.

• Nine-month net income was $69.7M, up 27.2% YoY; diluted EPS was $2.35 vs. $1.82.

Outlook and guidance

• FY2026 loan growth was expected in the low single digits; 2027 growth was projected at low- to mid-single digits, with potential for higher growth if production holds and payoffs ease.

• SBA production was expected at $45M–$50M per quarter, with 7(a) production sold; the Q4 pipeline indicated a pickup from recent levels.

• Q4 share repurchases were expected to continue near the dollar run rate of the prior three quarters; management cited healthy pipelines and confidence in earnings growth and shareholder returns.