Hanmi Financial (NASDAQ:HAFC) Shares Down 10.9% After Earnings Miss

Shares of Hanmi Financial Corporation (NASDAQ:HAFC) fell 10.9% on Wednesday after the company announced weaker than expected quarterly earnings. The stock traded as low as $25.38 and last traded at $25.3550. 103,001 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 245,968 shares. The stock had previously closed at $28.46.

The bank reported $0.70 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.01). The company had revenue of $134.06 million during the quarter, compared to analyst estimates of $71.40 million. Hanmi Financial had a net margin of 16.53% and a return on equity of 9.59%.

Hanmi Financial News Roundup

Here are the key news stories impacting Hanmi Financial this week:

• Positive Sentiment: Full‑year 2025 results showed material improvement — net income rose ~22% to $76.1M and diluted EPS for the year improved materially, which supports longer‑term earnings momentum. Hanmi Reports 2025 Fourth Quarter and Full Year Results
• Positive Sentiment: Net interest income and margin expanded: 2025 NII rose y/y (+16.5% for the year) and Q4 NIM widened to 3.28% (up 6 bps q/q), giving the bank a clear tailwind from lower deposit costs. Hanmi Reports 2025 Fourth Quarter and Full Year Results
• Positive Sentiment: Balance sheet & capital remain strong (preliminary CET1 ~12.05%, tangible common equity ~9.99%) and the bank returned capital via dividends and modest repurchases, reducing a structural risk premium. Hanmi Reports 2025 Fourth Quarter and Full Year Results
• Neutral Sentiment: 2026 plan is conservative: management outlined a low‑to‑mid single‑digit loan growth and deposit expansion strategy — prudent but muted growth expectations could temper upside. Hanmi outlines low-to-mid-single-digit loan growth and deposit expansion strategy for 2026
• Neutral Sentiment: Company hosted its Q4 call and published slides/transcripts for investors to dig into details (useful for active holders to reassess guidance and credit exposure). Hanmi Financial Corporation (HAFC) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Q4 EPS of $0.70 missed the $0.71 consensus by $0.01 — a small miss but enough to trigger selling in a thin‑margin quarter. Market summaries highlighted the EPS miss. Hanmi Financial (HAFC) released its earnings results
• Negative Sentiment: Noninterest income fell ~16% q/q (absence of BOLI death benefits and lower mortgage sale gains) while noninterest expense rose, lifting the efficiency ratio to ~54.95% — weaker fee income and higher operating costs weigh on near‑term profitability. Hanmi Reports 2025 Fourth Quarter and Full Year Results
• Negative Sentiment: Criticized loans jumped to $97M (1.48% of loans) from $45M q/q driven by downgrades including a ~$55M hospitality loan; while NPLs remain low, the spike in special‑mention exposures is a watch item for investors. Hanmi Reports 2025 Fourth Quarter and Full Year Results
• Negative Sentiment: Total deposits declined ~1.3% q/q and loan/payoff dynamics (net production vs payoffs) underscore funding/deposit mix pressure that could limit growth without higher funding costs. Hanmi Reports 2025 Fourth Quarter and Full Year Results

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HAFC. Zacks Research cut Hanmi Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hanmi Financial in a report on Monday, December 29th. Wall Street Zen lowered Hanmi Financial from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Keefe, Bruyette & Woods increased their price objective on Hanmi Financial from $29.00 to $30.50 and gave the stock a “market perform” rating in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Hanmi Financial currently has a consensus rating of “Hold” and an average price target of $28.50.

Institutional Trading of Hanmi Financial

A number of institutional investors have recently modified their holdings of HAFC. LSV Asset Management increased its position in shares of Hanmi Financial by 3.0% in the second quarter. LSV Asset Management now owns 1,417,475 shares of the bank’s stock worth $34,983,000 after purchasing an additional 40,684 shares during the period. American Century Companies Inc. grew its stake in Hanmi Financial by 7.0% during the third quarter. American Century Companies Inc. now owns 932,896 shares of the bank’s stock worth $23,033,000 after buying an additional 60,876 shares in the last quarter. Geode Capital Management LLC increased its holdings in Hanmi Financial by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 799,205 shares of the bank’s stock valued at $19,728,000 after buying an additional 21,157 shares during the period. Rhino Investment Partners Inc raised its position in shares of Hanmi Financial by 27.1% in the 3rd quarter. Rhino Investment Partners Inc now owns 785,756 shares of the bank’s stock valued at $19,400,000 after buying an additional 167,485 shares in the last quarter. Finally, Stieven Capital Advisors L.P. raised its position in shares of Hanmi Financial by 4.3% in the 3rd quarter. Stieven Capital Advisors L.P. now owns 634,676 shares of the bank’s stock valued at $15,670,000 after buying an additional 25,900 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors.

Hanmi Financial Stock Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $754.71 million, a P/E ratio of 10.50 and a beta of 0.72. The stock’s fifty day moving average price is $28.10 and its two-hundred day moving average price is $26.04.

About Hanmi Financial

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.