HAFC

EX-99.1

2 exh_991.htm

PRESS RELEASE

EdgarFiling

EXHIBIT 99.1

Hanmi Reports 2026 Third Quarter Results

LOS ANGELES, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today reported financial results for the third quarter of 2026.

Net income for the third quarter of 2026 was $23.7 million, or $0.80 per diluted share, compared with $23.5 million, or $0.79 per diluted share for the second quarter of 2026. The return on average assets for the third quarter was 1.17% and the return on average equity was 10.90%, compared with a return on average assets of 1.20% and a return on average equity of 11.09% for the second quarter of 2026.

CEO Commentary “Hanmi delivered solid financial performance in the third quarter, driven by 5.8% growth in net interest income and a 10.8% increase in preprovision net revenue,” said Bonnie Lee, President and Chief Executive Officer. “Net interest margin expanded eight basis points to 3.44%, supported by higher yields on interest-earning assets and disciplined funding costs. We also continued to strengthen our deposit base, with total deposits increasing 1.4%, driven primarily by growth in core deposits.”

“In the third quarter, we generated robust loan production of $544 million across our business, reflecting the strength of the Hanmi franchise and healthy market demand. Elevated payoffs partially offset this strong production, resulting in a modest increase in loan balances. More importantly, asset quality remains strong, underpinned by conservative underwriting, proactive portfolio management, and strong credit administration.”

“Looking ahead, our strong capital position, growing deposit base, disciplined expense management, and positive earnings momentum position us well to capitalize on opportunities across our markets and continue delivering long-term value for our shareholders,” concluded Lee.

Third Quarter 2026 Highlights:

Third quarter net income increased 0.8% from the second quarter, with 10.8% growth in preprovision net revenue1 offset by a $3.3 million increase in credit loss expense from a single loan charge-off. Net interest income increased 5.8% to $67.6 million, reflecting a 2.4% growth in average interest-earning assets, which was funded by a 2.8% growth in average deposits. Net interest margin was 3.44%, up eight basis points; the average yield on loans increased 13 basis points while the average rate on interest-bearing deposits increased only one basis point. Deposits grew 1.4% to $7.06 billion, with core deposits up 1.9% and noninterest-bearing deposits stable at 30.4% of total deposits. Loans increased 0.5% to $6.57 billion as new loan production increased 46.2%, or $171.7 million, partially offset by an increase in payoffs of $127.0 million.

(1) Refer to “Non-GAAP Financial Measures” for further details.

Hanmi recognized a $3.2 million charge-off on a $21.2 million commercial real estate loan when it was moved to held-for-sale; asset quality, however, remained strong with nonperforming assets to total assets unchanged from the second quarter at 0.12% and a low 0.14% ratio of nonperforming loans to total loans. Hanmi returned 55.6% of third quarter earnings to shareholders, comprising $8.3 million in dividends and $4.9 million in share repurchases; capital ratios remained healthy with tangible common equity to tangible assets1 at 9.93% and a common equity Tier 1 capital ratio of 12.30%. (1) Refer to “Non-GAAP Financial Measures” for further details.

For more information about Hanmi, please see the Q3 2026 Investor Update (and Supplemental Financial Information), which is available on the Bank’s website at www.hanmi.com and via a current report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov. Also, please refer to “Non-GAAP Financial Measures” herein for further details of the presentation of certain non-GAAP financial measures.

Quarterly Highlights (Dollars in thousands, except per share data)

As of or for the Three Months Ended  Amount Change

Sep 30,  Jun 30,  Mar 31,  Dec 31,  Sep 30,  Q3-26  Q3-26

2026  2026  2026  2025  2025  vs. Q2-26  vs. Q3-25

Net income$23,683  $23,505  $22,557  $21,239  $22,061  $178  $1,622

Net income per diluted common share$0.80  $0.79  $0.75  $0.70  $0.73  $0.01  $0.07

Assets$8,043,788  $8,001,473  $7,839,227  $7,869,185  $7,856,731  $42,315  $187,057

Loans$6,568,701  $6,535,312  $6,545,466  $6,563,367  $6,528,259  $33,389  $40,442

Deposits$7,055,774  $6,955,342  $6,800,622  $6,677,650  $6,766,639  $100,432  $289,135

Return on average assets 1.17%  1.20%  1.18%  1.07%  1.12%  -0.03   0.05

Return on average stockholders’ equity 10.90%  11.09%  10.86%  10.14%  10.69%  -0.19   0.21

Net interest margin 3.44%  3.36%  3.38%  3.28%  3.22%  0.08   0.22

Efficiency ratio(1) 52.02%  54.07%  53.48%  54.95%  52.65%  -2.05   -0.63

Tangible common equity to tangible assets(2) 9.93%  10.03%  10.11%  9

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