Hanmi Financial Corporation · NASDAQ:HAFC
Hanmi Financial — D.A. Davidson's 28th Annual Financial Institutions Conference 2026
50 slides from Hanmi Financial's conference presentation, May 2026
Slide 1: D.A. Davidson's 28th Annual Financial Institutions Conference
NASDAQ | HAFC D.A. Davidson’s 28 Annual th Financial Institutions Conference May 4-6, 2026 California | Colorado | Georgia | Illinois | New Jersey | New York | Texas | Virginia | Washington
Slide 2: Table of Contents
HANMI PROFILE 5 – 20 TABLE OF 1Q26 PERFORMANCE RESULTS 21 – 37 CONTENTS LOAN PORTFOLIO DETAILS 38 – 46 1Q26 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 1Q26 1 20 2 1 1 1 1 Branch $7.8B $6.6B TOTAL ASSETS LOANS 5 1 Loan Production Office & Centers $6.8B 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, Regional President - California Chris Cho, Regional Chief Banking Officer Bonnie Lee Romolo Santarosa Anthony Kim President & CEO Chief Financial Officer Chief Banking Officer Anna Chung, Chief Community Lending Officer With 39 years of banking experien
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 $1.94 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 61% Loan Composition Loan Composition (as of December 31, 2013) (as of March 31, 2026) $2.23 Billion $6.55 Billion (3) Equipment Finance R
Slide 10: Average Loan Trend
AVERAGE LOAN TREND Strong average loan growth reflecting a 9% CAGR since 2013 $6,303 $6,434 $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 1Q26 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 $6,598 $6,191 $6,308 $5,950 $5,560 $4,946 $4,691 $4,461 $4,160 55% 65% 70% 71% $3,503 $3,608 70% 59% ($
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% 3.38% 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 $109 $63 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q26 13
Slide 14: Noninterest Income Trend
NONINTEREST INCOME TREND NII / Average Assets 1.24% 1.17% 0.99% 0.76% 0.67% 0.73% 0.50% 0.62% 0.46% 0.49% 0.46% 0.42% 0.44% 0.45% Noninterest Income ($ 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% 92% 82% 88% 82% 83% $9 74%
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 $38 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% 0.16% 0.14% $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% 0.16% -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 $2.2 $3.1 $2.6 $6.3 $6.2 $0.7 $1.4 $7.2 $7.7
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: 1Q26 Highlights
1Q26 HIGHLIGHTS Earnings Performance • Net income was $22.6 million, or $0.75 per diluted share, up 6.2% from the fourth quarter, driven by continued growth in net interest income and margin, higher gains from sales of SBA loans, well-controlled noninterest expenses, and a lower effective tax rate.
Slide 22: Loan Production
LOAN PRODUCTION New Production and Weighted Average Interest Rate(4) ($ 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 $42.1M 18% Commercial real estate
Slide 23: Loan Portfolio
LOAN PORTFOLIO Outstanding ($ 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 $1,002 5.42% Equipment Commercial & Industrial C&I (1,6) Finance (C&I)(1,6) Portfolio
Slide 24: Deposit Portfolio
DEPOSIT PORTFOLIO Deposits ($ 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 25: Net Interest Income | Net Interest Margin
NET INTEREST INCOME | NET INTEREST MARGIN Net Interest Margin Net interest income for the first quarter was $63.2 million and net interest margin (taxable equivalent) 0.12% was 3.38%, both up from the fourth quarter. -0.03% 0.01% (3) (1) 3.28% (2) 3.38% 3.22% 3.02% 3.07% (3) (2) 3.38% 3.38% 3.28% 3.
Slide 26: Net Interest Income Sensitivity
NET INTEREST INCOME SENSITIVITY Loan & Deposit Beta(1) Fed Funds Rate & Rate on CDs 4.50% 4.50% 4.25% 3.93% Fed 6.02% 6.00% 6.04% 5.95% 6.05% 3.80% 5.90% 5.93% 5.99% 5.95% 5.89% 5.91% Funds Rate on 4.17% Rate(3) Yield for 4.05% 3.97% 3.75% 3.75% Loans CDs(2) 5.50% 1Q25 2Q25 3Q25 4Q25 1Q26 5.00% Fed
Slide 27: Noninterest Income
NONINTEREST INCOME 1Q26 Service Charges, Fees & Other（$ 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 28: Noninterest Expense
NONINTEREST EXPENSE Noninterest expense was $38.4 million for the first quarter, down 1.9% from the fourth quarter, principally due to the gains recognized on the sales of foreclosed properties for the first quarter, compared with an expense for other real estate owned for the fourth quarter. 1.98%
Slide 29: Asset Quality – Delinquent & Criticized Loans
ASSET QUALITY – DELINQUENT & CRITICIZED LOANS Criticized Loans(2)（$ 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 30: 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% $2
Slide 31: Asset Quality – Gross & Net Loan Charge-offs
ASSET QUALITY – GROSS & NET LOAN CHARGE -OFFS Net charge-offs for the first quarter were Net Charge-offs (Recoveries)（$ 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 32: 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 33: 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 34: Securities Portfolio
SECURITIES PORTFOLIO Available for Sale(1) Unrealized Loss The $900.0 million securities $900 Million $64 Million US Agy portfolio (all AFS, no HTM) represented Municipal 12% 2% 11% of assets at March 31, 2026, and Municipal US Agy CMO 8% UST 14% US Agy US Agy CMO 8% had a weighted average modified
Slide 35: Liquidity
LIQUIDITY Cash & Securities at Company-only （$ 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 36: 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 37: 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 38: 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 $1.13 billion, or 17% of Hotel 20% the deposit portfolio at March 31, 2026. Food 5% Polyester Manufact 4% U
Slide 39: Loan Portfolio Maturities
LOAN PORTFOLIO MATURITIES ($ 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 40: 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 41: 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 42: 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 43: 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 44: 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 45: 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 46: Equipment Finance Portfolio
EQUIPMENT FINANCE PORTFOLIO Portfolio by Equipment 28% 29% The equipment finance portfolio represented $392.6 million, or 6% of the loan portfolio, at March 31, 2026. 8% 7% 6% 5% 5% 4% 4% 4% Portfolio by Industry Other Services 3% (1) Hospitality Other 12% Transportation Portfolio by State 4% 18% Wh
Slide 47: 1Q26 Financial Summary
1Q26 FINANCIAL SUMMARY (1) Change ($ 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 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) 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 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 $ 825,453 $ 847,283 $ 1,030,325 $ 904,943 $ 904,943 $ 977,985 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 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
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