Hanmi Financial Corporation · NASDAQ:HAFC
Hanmi Financial — Investor Presentation (August 2024)
21 slides from Hanmi Financial's investor presentation, Aug 22, 2024
Slide 1: Strategy and Governance Update
Strategy and Governance Update August 26, 2024
Slide 2: 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 ,
Slide 3: Today's Presenters
Vivian Kim Vivian.Kim@Hanmi.com David Rosenblum DRosenblum75@gmail.com Executive Vice President, General Counsel, Corporate Secretary, and Chief People Officer at Hanmi Financial Corporation and Hanmi Bank . As the company’s chief legal officer, she oversees Hanmi’s legal affairs, including corporat
Slide 4: Supporting the American Dream for Over 40 Years
hanmi.com Hanmi Hanmi wholly owned subsidiary of Corporation, serves diverse communities through a coast - to - coast network of branches and loan production offices . With over four decades of experience, the team has built expertise in empowering businesses to thrive in the United States . Special
Slide 5: Story of Growth
STORY OF GROWTH Established in 1982 in Los Angeles, Hanmi Bank was originally founded to serve the underserved immigrant community in Koreatown . From our humble beginnings as the first Korean - American bank, Hanmi Bank has grown to embrace and support the dreams of all Americans . Today, we serve
Slide 6: Branches and loan production offices by state
hanmi.com 32 full - service branches and 8 loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington and Georgia WASHINGTON CALIFORNIA COLORADO TEXAS GEORGIA VIRGINIA NEW YORK/ NEW JERSEY 6 ILLINOIS
Slide 7: Hanmi at a Glance
HANMI AT A GL ANCE (as of June 30, 2024) (1) CAGR based on the average loan growth between 2013, when new executive management was appointed, and 2023 (2) Non - GAAP financial measure; refer to the non - GAAP reconciliation slide $7.6B $6.2B TOTAL ASSETS LOANS $6.3B DEPOSITS 10.4% LOAN GROWTH (1) 9.
Slide 8: 2Q24 Financials and Financial Position
(1) Non - GAAP financial measure, refer to 2Q24 Earnings Supplemental Presentation Net Income $14.5M Diluted EPS $0.48 ROAA 0.77% ROAE 7.50% NIM 2.69% Efficiency Ratio 62.24% TBVPS (1) $22.99 2Q 24 FINANCIALS 5.54 6.20 6.86 7.38 7.57 2019 2020 2021 2022 2023 FINANCIAL POSITION 4.70 5.28 5.79 6.17 6.
Slide 9: hanmi.com • Strong track record of growth • Strong asset quality metrics • Well
hanmi.com • Strong track record of growth • Strong asset quality metrics • Well capitalized, significantly above regulatory requirements • Founded in 1982 in Los Angeles as the first Korean - American bank • Focused on MSAs with high Asian - American and multi - ethnic populations • Premier communit
Slide 10: Hanmi Culture and Governance
HANMI CULTURE AND GOVERNANCE INTEGRITY. TRANSPARENCY. FAIRNESS. COLLABORATION. TO BE THE LEADING NATIONWIDE COMMUNITY BANK. 68% Female Workforce 10 93% Ethnically Diverse Workforce 60% Female Managers 90% Ethnically Diverse Managers 62% 3yr+ Workforce Tenure 48% 5yr+ Workforce Tenure All metrics as
Slide 11: Our Team Is Our Competitive Advantage
HEALTH PAID TIME OFF WELLNESS ROBUST 401(k) MATCH LONG - TERM FAMILY LEAVE COMPETITIVE PAY INSURANCE INCENTIVES TRAINING & DISABILITY & BENEFITS DEVELOPMENT OUR TEAM IS OUR COMPETITIVE ADVANTAGE We strive to make Hanmi an inclusive, safe and healthy workplace, with robust opportunities for our emplo
Slide 12: Board composition and diversity
The Nomination and Corporate Governance Committee (NCGC) of the Board believes that the directors should encompass a broad range of talent, skill, knowledge, experience, diversity and expertise enabling it to provide sound guidance with respect to Hanmi’s operations and interests . Hanmi is committe
Slide 13: Board diversity and skills matrix
hanmi.com 30% Board Members Female 70% Board Members Ethnically Diverse 90% Board Members Independent We are proud that the majority of our Board is diverse with directors who also have a diverse set of complementary core competencies, including : broad experience in business, finance, accounting, r
Slide 14: Governance by the Numbers
hanmi.com Number of Board and Committee Meetings Held in 2023: 9 Full Board 12 Audit Committee 7 Compensation & Human Resources Committee 4 Nomination & Corporate Governance Committee 8 Risk, Compliance & Planning Committee 4 Asset Liability Management Committee 6 Loan & Credit Policy Committee GOVE
Slide 15: Governance practices
• Independent Chairman; Separate Board Chair and CEO • Independent Board (9 of 10 directors are independent) • All Board committees have a supermajority of independent directors • Independent directors conduct regular executive sessions led by the Independent Chairman • Annual Board and committee as
Slide 16: Hanmi Board of Directors and committees
COMPENSATION & HUMAN RESOURCES COMMITTEE RISK, COMPLIANCE & PLANNING COMMITTEE AUDIT COMMITTEE HANMI BOARD OF DIRECTORS LOAN & CREDIT POLICY COMMITTEE ASSET LIABILITY MANAGEMENT COMMITTEE The full Board oversees an enterprise - wide approach to risk management designed to support the achievement of
Slide 17: Enterprise Risk Management Framework
COMMITTEE OVERSIGHT ENTERPRISE RISK PILLAR ENTERPRISE RISK MANAGEMENT FRAMEWORK Financial Controls HR Risk Strategic Risk, Compliance/BSA Risk, IS/IT Risk, Operational Risk, Reputational Risk Credit Risk Capital Risk, Liquidity Risk, Market Sensitivity (IRR) Audit Committee Compensation & Human Reso
Slide 18: Commercial Real Estate Concentration
COMMERCIAL REAL ESTATE CONCENTRATION Hanmi has not exceeded the supervisory criteria to be considered to have CRE concentration risk under regulatory guidance (1) ; however, Hanmi’s risk management practices address the six elements of regulatory guidance (2) RISK MANAGEMENT (1) Source: FDIC Financi
Slide 19: Liquidity Stress Test
LIQUIDITY STRESS TEST Hanmi’s risk management practices include comprehensive contingency funding plans intended to plan for funding needs in scenarios of liquidity shortfall. Management performs the test quarterly. The recent stress test indicates that the Bank could withstand a severe stress * sce
Slide 20: Capital Stress Test
14.95% 12.20% 11.86% 10.37% 14.70% 11.80% 11.40% 10.10% 8% 6% 4.50% 4% Total Risk - based Capital Tier 1 Capital Company Severely Adverse Case (+2 Years)* CET 1 Capital Tier 1 Leverage Adequately Capitalized (CCAR/DFAST) CAPITAL STRESS TEST Hanmi is not required to perform a capital stress test; how
Slide 21: hanmi.com Hanmi Financial Corporation and Hanmi Bank host information regarding our operations and key
hanmi.com Hanmi Financial Corporation and Hanmi Bank host information regarding our operations and key initiatives on our website : hanmi . com . Below are links to a selection of information that may be pertinent for our discussions . We welcome your feedback as part of our continuous process to im
Hanmi Financial — Investor Presentation (August 2024) on 6ix