Hanmi Financial Corporation · NASDAQ:HAFC
Hanmi Financial — Q1 2026 Earnings Presentation
34 slides from Hanmi Financial's earnings presentation, Apr 21, 2026
Slide 1: 1Q26 Earnings Supplemental Presentation
NASDAQ | HAFC 1Q26 Earnings Supplemental Presentation April 21, 2026 California | Colorado | Georgia | Illinois | New Jersey | New York | Texas | Virginia | Washington
Slide 2: Table of Contents
1Q26 PERFORMANCE RESULTS 5 – 21 TABLE OF LOAN PORTFOLIO DETAILS 22 – 30 CONTENTS 1Q26 FINANCIAL SUMMARY 31 – 31 NON-GAAP RECONCILIATION 32 – 34 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: 1Q26 Highlights
1Q26 HIGHLIGHTS Earnings Performance • Net income was $22.6 million, or $0.75 per diluted share, up 6.2% from the fourth quarter, driven by continued growth in net interest income and margin, higher gains from sales of SBA loans, well-controlled noninterest expenses, and a lower effective tax rate.
Slide 6: Loan Production
LOAN PRODUCTION New Production and Weighted Average Interest Rate(4) ($ in millions) Loan production of $377.9 million for the first quarter, which included Commercial & Industrial 7.35% 7.10% production of $134.7 million. 6.91% 6.90% 6.54% $570.8 8% $131.4M $134.7M $42.1M 18% Commercial real estate
Slide 7: Loan Portfolio
LOAN PORTFOLIO Outstanding ($ in millions) 1Q26 Average Yield Commercial Real Estate $6.55 Billion Loan Portfolio $3,998 5.71% (as of March 31, 2026) (CRE)(1,2) Portfolio Residential Real Estate (RRE)(3) Portfolio $1,002 5.42% Equipment Commercial & Industrial C&I (1,6) Finance (C&I)(1,6) Portfolio
Slide 8: Deposit Portfolio
DEPOSIT PORTFOLIO Deposits ($ in millions) $6,767 $6,801 Total deposits increased 1.8% to $6.80 billion, $6,619 $6,729 $6,678 from the prior quarter. 17% 18% 17% 18% 17% Noninterest-bearing demand deposits represented 29.9% of total deposits at March 31, 2026. Estimated uninsured deposit liabilities
Slide 9: Net Interest Income | Net Interest Margin
NET INTEREST INCOME | NET INTEREST MARGIN Net Interest Margin Net interest income for the first quarter was $63.2 million and net interest margin (taxable equivalent) 0.12% was 3.38%, both up from the fourth quarter. -0.03% 0.01% (3) (1) 3.28% (2) 3.38% 3.22% 3.02% 3.07% (3) (2) 3.38% 3.38% 3.28% 3.
Slide 10: Net Interest Income Sensitivity
NET INTEREST INCOME SENSITIVITY Loan & Deposit Beta(1) Fed Funds Rate & Rate on CDs 4.50% 4.50% 4.25% 3.93% Fed 6.02% 6.00% 6.04% 5.95% 6.05% 3.80% 5.90% 5.93% 5.99% 5.95% 5.89% 5.91% Funds Rate on 4.17% Rate(3) Yield for 4.05% 3.97% 3.75% 3.75% Loans CDs(2) 5.50% 1Q25 2Q25 3Q25 4Q25 1Q26 5.00% Fed
Slide 11: Noninterest Income
NONINTEREST INCOME 1Q26 Service Charges, Fees & Other（$ in millions） Noninterest income for the first quarter was $8.5 million, up 2.9% from the fourth quarter, primarily $0.8 Service charges on deposit accounts due to a $0.3 million increase in gain on sale of SBA 14% $2.1 $0.6 Trade finance, other
Slide 12: Noninterest Expense
NONINTEREST EXPENSE Noninterest expense was $38.4 million for the first quarter, down 1.9% from the fourth quarter, principally due to the gains recognized on the sales of foreclosed properties for the first quarter, compared with an expense for other real estate owned for the fourth quarter. 1.98%
Slide 13: Asset Quality – Delinquent & Criticized Loans
ASSET QUALITY – DELINQUENT & CRITICIZED LOANS Criticized Loans(2)（$ in millions） The $19.4 million increase in criticized loans in the 2.62% first quarter was primarily driven by a $21.2 million 1.78% 1.48% Criticized commercial real estate loan in the retail industry loans / downgraded to special m
Slide 14: Asset Quality – Nonperforming Assets & Nonaccrual Loans
ASSET QUALITY – NONPERFORMING ASSETS & NONACCRUAL LOANS Nonperforming assets were $12.4 million at the end of the first quarter, down 38.3% from $20.1 Nonaccrual Loans（$ in millions） million at the end of the fourth quarter. (2) $35.5 Nonperforming Assets(1)（$ in millions） (2) Nonperforming 0.46% $2
Slide 15: Asset Quality – Gross & Net Loan Charge-offs
ASSET QUALITY – GROSS & NET LOAN CHARGE -OFFS Net charge-offs for the first quarter were Net Charge-offs (Recoveries)（$ in millions） $2.6 million, or 16 bps annualized. 0.73% Net Charge-offs / 0.13% 0.10% 0.16% Gross Charge-offs（$ in millions） -0.03% Average loans $12.4 $11.4 (2) (2) $9.0 (2) (2) $9
Slide 16: ACL Trend
ACL TREND The allowance for credit losses was $70.5 million at March 31, 2026, or 1.08% of total loans, compared Credit Loss Expense（$ in millions） with $69.9 million, or 1.07% of total loans, at the end of the prior quarter. $7.6 Allowance for Credit Losses（$ in millions） 1.12% 1.06% 1.07% 1.07% 1.
Slide 17: ACL Analysis by Loan Type
ACL ANALYSIS BY LOAN TYPE ($ in millions) March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Allowance Loans Allowance Loans Allowance Loans Allowance Loans Allowance Loans CRE $ 36.8 $ 3,998.1 $ 38.7 $ 4,030.1 $ 40.2 $ 4,015.3 $ 37.5 $ 3,948.9 $ 41.4 $ 3,975.7 C&I 8.8
Slide 18: Securities Portfolio
SECURITIES PORTFOLIO Available for Sale(1) Unrealized Loss The $900.0 million securities $900 Million $64 Million US Agy portfolio (all AFS, no HTM) represented Municipal 12% 2% 11% of assets at March 31, 2026, and Municipal US Agy CMO 8% UST 14% US Agy US Agy CMO 8% had a weighted average modified
Slide 19: Liquidity
LIQUIDITY Cash & Securities at Company-only （$ in millions） The Bank and the Company had ample liquidity Balance resources at March 31, 2026. Cash $ 1 Securities (AFS) 49 $ 50 Liquidity Position（$ in millions） Liquidity Ratios Balance % of Assets Liquid Assets to Total Assets Liquid Assets to Deposi
Slide 20: Capital Management
CAPITAL MANAGEMENT Dividends, Share Repurchases & TCE/TA(1)（$ in millions） Prudent capital management while driving shareholder return through stable quarterly dividends 9.99% 10.11% 9.80% and share repurchase program. Tangible book value 9.59% 9.58% TCE / TA(1) per share (TBVPS)(1) increased 1.1% t
Slide 21: Regulatory Capital
REGULATORY CAPITAL The Company exceeded regulatory minimums and the Bank remained well capitalized at March 31, 2026. Company Bank CET1 CET1 4.50% 2.50% 7.00% 6.50% Capital Capital 12.20% 13.37% 11.54% 12.72% Tier 1 Tier 1 6.00% 2.50% 8.50% 8.00% Capital Capital 12.52% 13.37% 11.86% 12.72% Total Tot
Slide 22: USKC Loans & Deposits
USKC (1) LOANS & DEPOSITS USKC Loans – Top 10 Industries (as of 1Q26) Auto Part Manufacturing USKC portfolio represented $818.1 million, or 13% 29% RE Investment 22% of the loan portfolio, and $1.13 billion, or 17% of Hotel 20% the deposit portfolio at March 31, 2026. Food 5% Polyester Manufact 4% U
Slide 23: Loan Portfolio Maturities
LOAN PORTFOLIO MATURITIES ($ in millions) <1 Year 1-3 Years >3 Years Total Real Estate Loans Retail $ 225.1 $ 381.8 $ 560.8 $ 1,167.7 Hospitality 250.9 281.4 332.9 865.2 Office 223.2 203.4 59.9 486.5 Other 329.2 488.7 647.0 1,464.9 Commercial Property $ 1,028.4 $ 1,355.3 $ 1,600.6 $ 3,984.3 Construc
Slide 24: Loan Portfolio Diversification
LOAN PORTFOLIO DIVERSIFICATION • CRE(1) represents 61% of the total portfolio • C&I(2) represents 18% of the total portfolio. Gas Station Mixed Use Other 5% 3% 6% Construction Multifamily 1% CRE Portfolio(1) 10% C&I Portfolio(2) Other Manufacturing Industrial 29% $3,998M 12% Retail $1,152M 36% 29% F
Slide 25: CRE Portfolio Geographical Exposure
CRE PORTFOLIO GEOGRAPHICAL Multifamily by State $441 Construction by State $14 EXPOSURE Illinois $11 Other $15 3% 3% New York ($ in millions) $78 18% Other California California Texas $7 $7 $269 $68 50% 50% CRE Composition by State 15% 61% $3,998 Illinois Other $100 $632 2% 16% Owner Occupied by Sta
Slide 26: Office Loan Portfolio
OFFICE LOAN PORTFOLIO Portfolio by State The CRE office portfolio(1) was $486.5 million(2) at March 31, 2026, representing 7% of the total loan 5% portfolio. 8% 84% Remaining = 3% $4.1M 2.05x 55.4% Average balance of the portfolio Weighted average debt Weighted average coverage ratio(3) of the loan
Slide 27: Hospitality Segment
HOSPITALITY SEGMENT The hospitality segment represented $865.0 Hospitality by Type million,(1) or 13% of the total loan portfolio and Convention Center 22% of the total CRE portfolio, at March 31, 2026. Airport 5% 1% Resort 6% (2) Destination / $4.6M 2.05x 51.5% Suburban (3) Metropolitan (3) Average
Slide 28: Retail Segment
RETAIL SEGMENT The retail segment represented $1.17 billion,(1) or Percentage of Portfolio 18% of the total loan portfolio, and 30% of the total CRE portfolio, at March 31, 2026. Illinois 2% Georgia Other 4% 11% (2) Texas $1.6M 2.00x 45.93% 13% California 70% Average balance of the (3) Weighted aver
Slide 29: Residential Real Estate Portfolio
RESIDENTIAL REAL ESTATE PORTFOLIO The RRE(1) portfolio was $1.00 billion at March 31, Percentage of Portfolio 2026, representing 15% of the total loan portfolio. Jumbo QM Non-QM 1% (2) Our conservative underwriting policy focuses on high-quality mortgage originations with maximum Loan-to-Value (LTV)
Slide 30: Equipment Finance Portfolio
EQUIPMENT FINANCE PORTFOLIO Portfolio by Equipment 28% 29% The equipment finance portfolio represented $392.6 million, or 6% of the loan portfolio, at March 31, 2026. 8% 7% 6% 5% 5% 4% 4% 4% Portfolio by Industry Other Services 3% (1) Hospitality Other 12% Transportation Portfolio by State 4% 18% Wh
Slide 31: 1Q26 Financial Summary
1Q26 FINANCIAL SUMMARY (1) Change ($ in millions, except EPS) March 31, 2026 December 31, 2025 March 31, 2025 Q/Q Y/Y Income Statement Summary Net interest income before credit loss $ 63.2 $ 62.9 $ 55.1 0.5% 14.7% Noninterest income 8.5 8.3 7.7 2.9% 10.5% Operating revenue 71.7 71.2 62.8 0.8% 14.2%
Slide 32: 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) March 31, December 31, September 30, June 30, March 31, Hanmi Financial Corporation 2026 2025 2025 2025 2025 Assets $ 7,839,227 $ 7,869,185 $ 7,
Slide 33: 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 $ 825,453 $ 847,283 $ 1,030,325 $ 904,943 $ 904,943 $ 977,985 Unrealized loss on A
Slide 34: 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 March 31, December 31, September 30, June 30, March 31, Q1-26 Q1-26 Hanmi Financial Corporation 2026 2025 2025 2025 2025 vs. Q4-25 vs. Q1-25 Net income $ 22,557 $ 21,239 $ 22,061 $ 15,117 $ 17,672 Ad