Hanmi Financial (HAFC) Reports In-Line Q3 EPS

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Go back to Hanmi Financial (HAFC) Reports In-Line Q3 EPS

Hanmi’s Third Quarter Results Driven by Strong Growth in Loans and Net Income

October 17, 2017 4:01 PM EDT

2017 Third Quarter Highlights:      

Third quarter net income of $14.9 million, or $0.46 per diluted share, up 3.2% from the prior quarter and up 13.7% year-over-year.Loans and leases receivable of $4.2 billion, up 12.0% in the third quarter on an annualized basis driven by new loan and lease production of $220.4 million; Loans and leases receivable up 18.1% year-over-year.Deposits of $4.3 billion, up 3.6% in the third quarter on an annualized basis; Total deposits are up 14.0% year-over-year.Net interest income increased to $44.9 million, up 4.0% from the prior quarter and 13.5% year-over-year.Efficiency ratio improved to 53.3% from 54.7% for the... More