Hanmi Financial Corporation · NASDAQ:HAFC
Hanmi Financial — KBW Summer Bank Conference 2026
50 slides from Hanmi Financial's conference presentation, Jul 28, 2026
Slide 1: KBW Summer Bank Conference
NASDAQ | HAFC KBW Summer Bank Conference July 28-29, 2026 California | Colorado | Georgia | Illinois | New Jersey | New York | Texas | Virginia | Washington
Slide 2: Table of Contents
HANMI PROFILE 5 – 20 TABLE OF 2Q26 PERFORMANCE RESULTS 21 – 37 CONTENTS LOAN PORTFOLIO DETAILS 38 – 46 2Q26 FINANCIAL SUMMARY 47 – 47 NON-GAAP RECONCILIATION 48 – 50 2
Slide 3: Forward-Looking Statements
FORWARD -LOOKING STATEMENTS Hanmi Financial Corporation (the “Company”) cautions investors that any statements contained herein that are not historical facts are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, inc
Slide 4: Non-GAAP Financial Information
NON-GAAP FINANCIAL INFORMATION This presentation contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These non-GAAP measures include tangible common equity to tangible assets, tangible c
Slide 5: Nationwide Network Investment Highlights
NATIONWIDE NETWORK 1 2 1 INVESTMENT 3 HIGHLIGHTS As of 2Q26 1 20 2 1 1 1 1 Branch $8.0B $6.5B TOTAL ASSETS LOANS 5 1 Loan Production Office & Centers $7.0B 9% DEPOSITS LOAN GROWTH(1) Second Largest Korean-American Bank in the U.S. Experienced • Founded in 1982 in Los Angeles, as the first Korean-Ame
Slide 6: Executive Team
EXECUTIVE TEAM Business Leadership Peter Yang, Division President Chris Cho, Division President Romolo Santarosa Anthony Kim Jenny Simmons Chief Financial Officer Chief Banking Officer Chief Operations Officer Anna Chung, Chief Community Lending Officer With 34 years of banking experience With 31 ye
Slide 7: The Hanmi Timeline
THE HANMI TIMELINE For over 40 years, we have been dedicated to helping our stakeholders bank on their dreams. 1982 1988 2001 2004 • First Korean American • Began offering SBA loans • Listed HAFC common • Acquired Pacific Union Bank in the U.S. stock Bank • Acquired First Global Bank ($1.2 billion i
Slide 8: Why Hanmi?
WHY HANMI? • Strong 9% CAGR in average loans since 2013 • Strong 9% CAGR in average deposits since 2013 Premier Diversified • Significant progress diversifying loan portfolio across CRE, equipment finance, • Average noninterest-bearing deposits of Deposit Loan RRE, and multi-family $1.95 billion rep
Slide 9: Successful Portfolio Diversification Strategy
S U C C E S S F U L P O R T F O LI O D I V E R S I F I C A T I O N S T R A T E G Y Significant progress reducing CRE concentration from 85% of total portfolio to 62% Loan Composition Loan Composition (as of December 31, 2013) (as of June 30, 2026) $2.23 Billion $6.54 Billion Equipment Finance RRE (1
Slide 10: Average Loan Trend
AVERAGE LOAN TREND Strong average loan growth reflecting a 9% CAGR since 2013 $6,303 $6,438 $5,968 $6,111 $5,597 $4,685 $4,795 $4,456 $4,508 $4,039 $3,423 $2,902 ($ in millions) $2,441 $2,157 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q26 10
Slide 11: Average Deposit Trend
AVERAGE DEPOSIT TREND Strong deposit growth reflecting a 9% CAGR since 2013. Average noninterest-bearing deposits have grown by 8% CAGR since 2013 and now represents 29% of total deposits. $6,568 $6,673 $6,191 $6,308 $5,950 $5,560 $4,946 $4,691 $4,461 $4,160 $3,608 55% 65% 70% 70% 71% $3,503 59% ($
Slide 12: Net Income Trend
NET INCOME TREND A track record of steady earnings growth at 8% CAGR between 2013-18 as the interest rate environment remained relatively steady. 2020-22 net income reflected the effect of the pandemic and the gradual receding from its uncertainties ending in 2022 with $101 million in net income. 20
Slide 13: Net Interest Income & NIM Trend
NET INTEREST INCOME & NIM TREND 3.94% 3.88% 3.90% 3.95% 3.82% 3.57% 3.37% 3.50% 3.37% 3.19% 3.08% 3.08% 3.15% NIM 2.78% $238 $236 $221 $203 Net Interest Income ($ in millions) $195 $177 $181 $176 $181 $160 $148 $123 $127 $109 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q26 YTD
Slide 14: Noninterest Income Trend
NONINTEREST INCOME TREND NII / Average Assets 1.24% 1.17% 0.99% 0.76% 0.67% 0.73% 0.50% 0.62% 0.46% 0.49% 0.46% 0.42% 0.44% 0.44% Noninterest Income ($ in millions) $48 $42 $43 18% $40 8% 12% $33 $33 $34 $34 $34 $32 $28 43% 6% 18% $28 17% 5% 26% $25 28% 23% 19% 29% 19% 20% $17 92% 82% 88% 5% 82% 83%
Slide 15: Noninterest Expense Trend
NONINTEREST EXPENSE TREND NIE / Average Assets 2.77% 2.89% 2.83% 2.47% 2.30% 2.19% 2.30% 2.02% 1.90% 1.87% 1.91% 2.00% 1.85% 1.84% $148 Non-Interest Expense ($ in millions) $141 $137 $130 $126 $124 $115 $118 $119 $114 $108 $99 $78 $77 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 16: Allowance for Credit Losses Trend
ALLOWANCE FOR CREDIT LOSSES TREND ACL / Total Loans 2.58% 1.89% 1.85% 1.35% 1.33% 1.41% 1.20% 1.12% 1.12% 1.07% 1.08% 0.84% 0.72% 0.70% $90 $73 $72 $69 $70 $70 $70 Allowance for Credit Losses ($ in millions) $61 $58 $53 $43 $32 $31 $32 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Slide 17: Nonperforming Assets Trend
NONPERFORMING ASSETS TREND Nonperforming Assets / Total Assets 1.38% 1.15% 0.87% 0.97% 0.65% 0.40% 0.34% 0.29% 0.20% 0.21% 0.19% 0.26% 0.14% 0.12% $2.4 $0.1 Nonperforming Assets ($ in millions) $83.0 $15.8 $63.8 $0.8 $8.5 $2.0 $7.5 $1.9 $0.7 $0.1 $25.9 $25.3 $0.7 $0.1 $19.1 $0.1 $18.1 $11.4 $15.8 $1
Slide 18: Net Charge Offs (Recoveries) Trend
NET CHARGE OFFS (RECOVERIES) TREND Net Charge-offs (Recoveries) / Average Loans 0.66% 0.29% 0.18% 0.12% 0.23% 0.12% -0.06% -0.07% 0.05% 0.07% 0.02% 0.02% 0.07% -0.13% $30.9 $26.4 $14.4 Net charge offs (recoveries) ($ in millions) $7.1 $6.3 $6.2 $7.0 $4.1 $3.1 $3.9 $2.2 $1.4 $7.7 $7.3 $0.5 $6.3 $6.2
Slide 19: Risk Management
RISK MANAGEMENT CRE Concentration Liquidity Stress Test Capital Stress Test Hanmi has not exceeded the supervisory criteria to be Hanmi’s risk management practices include Hanmi is not required to perform a capital stress test; considered to have CRE concentration risk under comprehensive contingenc
Slide 20: Corporate Governance
CORPORATE GOVERNANCE Governance and management of environmental and social Our Board impact create long-term value for our stakeholders. The NCG Committee believes the Board should encompass a broad range of talent, skill, knowledge, experience, diversity, and expertise. Our board is currently compr
Slide 21: 2Q26 Highlights
2Q26 HIGHLIGHTS Earnings Performance • Net income was $23.5 million, or $0.79 per diluted share, up 4.2% from the first quarter, driven by continued growth in net interest income and lower credit loss expense. Return Net Income ROAE on average assets and return on average equity during the quarter w
Slide 22: Loan Production
LOAN PRODUCTION New Production and Weighted Average Interest Rate(1) ($ in millions) Loan production of $371.9 million for the second quarter, which included Commercial Real Estate 7.10% production of $170.1 million. 6.91% 6.90% 6.54% 6.59% $570.8 8% $170.1M $89.2M $25.5M 18% Commercial real estate
Slide 23: Loan Portfolio
LOAN PORTFOLIO Outstanding ($ in millions) 2Q26 Average Yield Commercial Real Estate $6.54 Billion Loan Portfolio $4,022 5.76% (as of June 30, 2026) (CRE)(1,2) Portfolio Residential Real Estate (RRE)(3) Portfolio $979 5.40% Equipment Commercial & Industrial C&I(1,6) Finance (C&I)(1,6) Portfolio $1,1
Slide 24: Deposit Portfolio
DEPOSIT PORTFOLIO Deposits ($ in millions) Total deposits increased 2.3% to $6.96 billion, $6,801 $6,955 from the prior quarter. $6,729 $6,767 $6,678 3% 2% 2% 2% 2% Noninterest-bearing demand deposits represented 30.7% of total 15% deposits at June 30, 2026. Estimated uninsured deposit liabilities w
Slide 25: Net Interest Income | Net Interest Margin
NET INTEREST INCOME | NET INTEREST MARGIN Net Interest Margin Net interest income for the second quarter was $63.9 million and net interest margin (taxable equivalent) was 3.36%. (3) (1) 3.28% (2) 3.38% 3.36% 0.06% 3.22% 3.07% -0.05% -0.03% (3) 3.38% ($ in millions) (1) (2) (3) 3.36% 3.33% $61.1 $62
Slide 26: Net Interest Income Sensitivity
NET INTEREST INCOME SENSITIVITY Loan & Deposit Beta(1) Fed Funds Rate & Rate on CDs 4.50% 4.25% 3.75% Fed 6.00% 6.04% 5.95% 5.90% 5.93% 5.99% 5.95% 6.05% 5.89% 5.91% 5.93% 3.75% 3.75% Funds Rate on Rate(3) Yield for 4.05% 3.97% 3.93% 3.80% 3.67% Loans CDs(2) 5.50% 2Q25 3Q25 4Q25 1Q26 2Q26 Fed Funds
Slide 27: Noninterest Income
NONINTEREST INCOME 2Q26 Service Charges, Fees & Other（$ in millions） Noninterest income for the second quarter was $8.3 million, down 2.2% from the first quarter, primarily $0.9 Service charges on deposit accounts due to a $0.8 million decrease in gain on sale of 14% $2.1 $0.8 31% Trade finance, oth
Slide 28: Noninterest Expense
NONINTEREST EXPENSE Noninterest expense was $39.0 million for the second quarter, up 1.7% from the first quarter, principally due to an increase in salaries and benefits from an additional business day in the second quarter and annual merit increases. 1.98% 2.00% 1.99% Noninterest expense / 1.89% 1.
Slide 29: Asset Quality – Delinquent & Criticized Loans
ASSET QUALITY – DELINQUENT & CRITICIZED LOANS Criticized Loans(2)（$ in millions） The $19.5 million increase in delinquent loans in the second quarter was primarily driven by a $21.2 1.48% 1.78% 1.74% Criticized million commercial real estate retail loan. loans / 0.74% 0.69% Total loans Delinquent Lo
Slide 30: Asset Quality – Nonperforming Assets & Nonaccrual Loans
ASSET QUALITY – NONPERFORMING ASSETS & NONACCRUAL LOANS Nonperforming assets were $9.9 million at the end of the second quarter, down 20.2% from $12.4 Nonaccrual Loans（$ in millions） million at the end of the first quarter. Nonperforming Assets(1)（$ in millions） (2) Nonperforming $26.0 0.33% 0.27% 0
Slide 31: Asset Quality – Gross & Net Loan Charge-offs
ASSET QUALITY – GROSS & NET LOAN CHARGE -OFFS Net charge-offs for the second quarter were Net Charge-offs (Recoveries)（$ in millions） $1.3 million, or 8 bps annualized. 0.73% Net Charge-offs / 0.10% 0.16% Gross Charge-offs（$ in millions） -0.03% 0.08% Average loans $12.4 $11.4 (2) (2) $9.0 $9.4 $2.6
Slide 32: ACL Trend
ACL TREND The allowance for credit losses was $70.5 million at June 30, 2026, or 1.08% of total loans, unchanged Credit Loss Expense（$ in millions） from the prior quarter. $7.6 Allowance for Credit Losses（$ in millions） 1.06% 1.07% 1.07% 1.08% 1.08% $2.9 $2.1 $1.9 $70.5 $70.5 $1.2 $69.8 $69.9 $66.8
Slide 33: ACL Analysis by Loan Type
ACL ANALYSIS BY LOAN TYPE ($ in millions) June 30, 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 Allowance Loans Allowance Loans Allowance Loans Allowance Loans Allowance Loans CRE $ 37.4 $ 4,022.3 $ 36.8 $ 3,998.1 $ 38.7 $ 4,030.1 $ 40.2 $ 4,015.3 $ 37.5 $ 3,948.9 C&I 8.7 1
Slide 34: Securities Portfolio
SECURITIES PORTFOLIO Available for Sale(1) Unrealized Loss The $962.3 million securities $962 Million $66 Million US Agy portfolio (all AFS, no HTM) represented Municipal 11% 1% US Agy CMO 12% of assets at June 30, 2026, and Municipal US Agy CMO 8% UST 22% US Agy 9% had a weighted average modified 1
Slide 35: Liquidity
LIQUIDITY Cash & Securities at Company-only （$ in millions） The Bank and the Company had ample liquidity Balance resources at June 30, 2026. Cash $ 8 Securities (AFS) 46 $ 54 Liquidity Position（$ in millions） Liquidity Ratios Balance % of Assets Liquid Assets to Total Assets Liquid Assets to Deposit
Slide 36: Capital Management
CAPITAL MANAGEMENT Dividends, Share Repurchases & TCE/TA(1)（$ in millions） Due to prudent capital management, while driving shareholder return through stable quarterly 9.99% 10.11% 10.03% dividends and the share repurchase program, tangible 9.80% 9.58% TCE / TA(1) book value per share (TBVPS)(1) inc
Slide 37: Regulatory Capital
REGULATORY CAPITAL The Company exceeded regulatory minimums and the Bank remained well capitalized at June 30, 2026. Company Bank CET1 CET1 4.50% 2.50% 7.00% 6.50% Capital Capital 12.28% 13.40% 11.61% 12.73% Tier 1 Tier 1 6.00% 2.50% 8.50% 8.00% Capital Capital 12.61% 13.40% 11.94% 12.73% Total Tota
Slide 38: USKC Loans & Deposits
USKC (1) LOANS & DEPOSITS USKC Loans – Top 10 Industries (as of 2Q26) Auto Part Manufacturing USKC portfolio represented $825.9 million, or 13% 29% RE Investment 21% of the loan portfolio, and $1.20 billion, or 17% of Hotel 19% the deposit portfolio, at June 30, 2026. Food 5% Golf Course 4% USKC CRE
Slide 39: Loan Portfolio Maturities
LOAN PORTFOLIO MATURITIES ($ in millions) <1 Year 1-3 Years >3 Years Total Real Estate Loans Retail $ 267.7 $ 399.7 $ 525.8 $ 1,193.2 Hospitality 234.8 268.3 355.5 858.6 Office 208.7 204.7 65.7 479.1 Other 325.3 510.3 642.0 1,477.7 Commercial Property $ 1,036.5 $ 1,383.0 $ 1,589.0 $ 4,008.6 Construc
Slide 40: Loan Portfolio Diversification
LOAN PORTFOLIO DIVERSIFICATION • CRE(1) represents 62% of the total portfolio • C&I(2) represents 18% of the total portfolio. Gas Station Mixed Use Construction 5% 3% 1% Other Multifamily 7% CRE Portfolio(1) 10% C&I Portfolio(2) Other Manufacturing 31% $4,022M Industrial Retail $1,171M 35% 11% 30% O
Slide 41: CRE Portfolio Geographical Exposure
CRE PORTFOLIO GEOGRAPHICAL Multifamily by State $459 Construction by State $14 EXPOSURE Illinois $11 Other $14 3% 3% New York ($ in millions) $84 18% California Other California $268 $7 $7 Texas 58% 50% 50% CRE Composition by State $82 18% $4,022 Illinois Other $109 $658 3% 16% Owner Occupied by Sta
Slide 42: Office Loan Portfolio
OFFICE LOAN PORTFOLIO Portfolio by State The CRE office portfolio(1) was $479.1 million(2) at June 30, 2026, representing 7% of the total loan 6% portfolio. 8% 83% Remaining = 3% $4.1M 2.06x 57.0% Average balance of the portfolio Weighted average debt Weighted average coverage ratio(3) of the loan t
Slide 43: Hospitality Segment
HOSPITALITY SEGMENT The hospitality segment represented $858.6 Hospitality by Type million,(1) or 13% of the total loan portfolio and Convention Center 21% of the total CRE portfolio, at June 30, 2026. Airport 5% 2% Resort 6% (2) $4.6M 2.07x 51.7% Destination / Suburban (3) Metropolitan (3) Average
Slide 44: Retail Segment
RETAIL SEGMENT The retail segment represented $1.20 billion,(1) or Percentage of Portfolio 18% of the total loan portfolio, and 30% of the total CRE portfolio, at June 30, 2026. Illinois 2% Other Georgia 14% 3% (2) Texas California $1.6M 2.00x 45.64% 12% 69% Average balance of the (3) Weighted avera
Slide 45: Residential Real Estate Portfolio
RESIDENTIAL REAL ESTATE PORTFOLIO The RRE(1) portfolio was $978.9 million at June 30, Percentage of Portfolio 2026, representing 15% of the total loan portfolio. Jumbo QM Non-QM 2% (2) Our conservative underwriting policy focuses on high-quality mortgage originations with maximum Loan-to-Value (LTV)
Slide 46: Equipment Finance Portfolio
EQUIPMENT FINANCE PORTFOLIO Portfolio by Equipment 32% 27% The equipment finance portfolio represented $362.8 million, or 5% of the loan portfolio, at June 30, 2026. 8% 6% 6% 5% 4% 4% 4% 4% Portfolio by Industry Other Services (1) 4% Other Transportation Portfolio by State 13% Wholesale Trade 18% 4%
Slide 47: 2Q26 Financial Summary
2Q26 FINANCIAL SUMMARY Change (1) ($ in millions, except EPS) June 30, 2026 March 31, 2026 June 30, 2025 Q/Q Y/Y Income Statement Summary Net interest income before credit loss $ 63.9 $ 63.2 $ 57.1 1.0% 11.8% Noninterest income 8.3 8.5 8.1 -2.2% 3.4% Operating revenue 72.2 71.7 65.2 0.6% 10.7% Nonin
Slide 48: Non-GAAP Reconciliation: Tangible Common Equity to Tangible Asset Ratio
NON-GAAP RECONCILIATION: T A N G I BLE CO M M O N E Q U I T Y T O T A N G I BLE A S S E T R A T I O (In thousands, except share, per share data and ratios) June 30, March 31, December 31, September 30, June 30, Hanmi Financial Corporation 2026 2026 2025 2025 2025 Assets $ 8,001,473 $ 7,839,227 $ 7,8
Slide 49: Non-GAAP Reconciliation: Pro Forma Regulatory Capital
NON-GAAP RECONCILIATION: P R O FO R MA R E G U L A T O R Y C A P I T A L ($ in thousands) Company(1) Bank(1) Common Total Common Total Equity Tier 1 Tier 1 Risk-based Equity Tier 1 Tier 1 Risk-based Regulatory capital $ 836,297 $ 858,231 $ 1,041,195 $ 912,635 $ 912,635 $ 985,599 Unrealized loss on A
Slide 50: Non-GAAP Reconciliation: Preprovision Net Revenue
NON-GAAP RECONCILIATION: P R E P R O V I S IO N N E T R E V E N U E (In thousands) Percentage Change June 30, March 31, December 31, September 30, June 30, Q2-26 Q2-26 Hanmi Financial Corporation 2026 2026 2025 2025 2025 vs. Q1-26 vs. Q2-25 Net income $ 23,505 $ 22,557 $ 21,239 $ 22,061 $ 15,117 Add