Hanmi Financial Corporation · NASDAQ:HAFC
Hanmi Financial — Q4 2025 Earnings Presentation
35 slides from Hanmi Financial's earnings presentation, Jan 27, 2026
Slide 1: 4Q25 Earnings Supplemental Presentation
NASDAQ | HAFC 4Q25 Earnings Supplemental Presentation January 27, 2026 California | Colorado | Georgia | Illinois | New Jersey | New York | Texas | Virginia | Washington
Slide 2: Table of Contents
4Q25 PERFORMANCE RESULTS 5 – 21 TABLE OF LOAN PORTFOLIO DETAILS 22 – 31 CONTENTS 4Q25 FINANCIAL SUMMARY 32 – 32 NON-GAAP RECONCILIATION 33 – 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, in
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: 4Q25 Highlights
4Q25 HIGHLIGHTS Earnings Performance • Net income was $21.2 million, or $0.70 per diluted share, down 3.7% from the third quarter due to lower noninterest income of $1.6 million primarily related to bank owned life insurance. While noninterest expense increased $1.8 million due to higher salaries an
Slide 6: Loan Production
LOAN PRODUCTION New Production and Weighted Average Interest Rate(5) ($ in millions) Loan production of $374.8 million in the fourth quarter, which included Commercial Real Estate 7.37% 7.35% 7.10% production of $125.9 million. 6.91% 6.90% $570.8 8% $125.9M $82.1M $52.5M 18% Commercial real estate C
Slide 7: Loan Portfolio
LOAN PORTFOLIO Outstanding ($ in millions) 4Q25 Average Yield Commercial Real Estate $6.56 Billion Loan Portfolio $4,030 5.72% (as of December 31, 2025) (CRE)(1,2) Portfolio Residential Real Estate (RRE)(3) Portfolio $1,050 5.38% Equipment Commercial & Industrial C&I (1,6) Finance (C&I)(1,6) Portfol
Slide 8: Deposit Portfolio
DEPOSIT PORTFOLIO $3,669 $3,009 Total deposits decreased 1% to $6.68 billion, Deposits quarter-over-quarter. as of 4Q25 55% 45% ($ in millions) Noninterest-bearing demand deposits represented 30.2% of total deposits at December 31, 2025. Estimated uninsured deposit liabilities Business Personal were
Slide 9: Net Interest Income | Net Interest Margin
NET INTEREST INCOME | NET INTEREST MARGIN Net Interest Margin Net interest income for the fourth quarter was $62.9 million(2) and net interest margin (taxable equivalent) was 3.28%(2), both up from the third quarter. 0.14% (1) (2) -0.02% 3.22% 3.28% 3.02% 3.07% 2.91% -0.06% (1) 3.28% 3.28% (2) (2) 3
Slide 10: Net Interest Income Sensitivity
NET INTEREST INCOME SENSITIVITY Loan & Deposit Beta(1) Fed Funds Rate & Rate on CDs 4.55% 4.50% 4.50% 4.25% Fed 3.93% Funds 6.05% Rate on 4.50% Rate(3) 5.91% 6.02% 6.00% 6.04% 5.95% 5.90% 5.93% 5.99% 5.95% 5.89% Yield for 4.17% 4.05% 3.97% 3.75% Loans CDs(2) 5.50% Fed 4Q24 1Q25 2Q25 3Q25 4Q25 Funds
Slide 11: Noninterest Income
NONINTEREST INCOME Noninterest income for the fourth quarter was $8.3 4Q25 Service Charges, Fees & Other（$ in millions） million, down 16% from the third quarter, primarily due to the absence of a $0.9 million death benefit $0.8 Service charges on deposit accounts claim from bank-owned life insurance
Slide 12: Noninterest Expense
NONINTEREST EXPENSE Noninterest expense was $39.1 million for the fourth quarter, up 5% from the third quarter, primarily due to seasonally higher advertising and promotion expense, higher OREO expense related to property taxes, as well as an increase in personnel and higher professional fees and da
Slide 13: Asset Quality – Delinquent & Criticized Loans
ASSET QUALITY – DELINQUENT & CRITICIZED LOANS Criticized Loans(2)（$ in millions） The $51.6 million increase in criticized loans in the 2.64% 2.62% fourth quarter was primarily driven by a $55.0 million commercial real estate hospitality loan 1.48% Criticized loans / downgraded to special mention. 0.
Slide 14: Asset Quality – Nonperforming Assets & Nonaccrual Loans
ASSET QUALITY – NONPERFORMING ASSETS & NONACCRUAL LOANS Nonperforming assets were $20.1 million at the end of the fourth quarter, down from $21.4 million Nonaccrual Loans（$ in millions） at the end of the third quarter. (2) $35.5 Nonperforming Assets(1)（$ in millions） (2) Nonperforming 0.46% $26.0 0.
Slide 15: Asset Quality – Gross & Net Loan Charge-offs
ASSET QUALITY – GROSS & NET LOAN CHARGE -OFFS Net charge-offs for the fourth quarter were Net Charge-offs (Recoveries)（$ in millions） $1.6 million. 0.73% Net Charge-offs / 0.13% 0.10% Gross Charge-offs（$ in millions） -0.01% -0.03% Average loans $12.4 $11.4 (2) (2) $9.0 (2) $9.4 $1.6 $1.9 $3.4 $0.2 $
Slide 16: ACL Trend
ACL TREND Allowance for credit losses was $69.9 million at December 31, 2025, or 1.07% to total loans, Credit Loss Expense（$ in millions） compared with $69.8 million, or 1.07% of total loans, at the end of the prior quarter. $7.6 Allowance for Credit Losses（$ in millions） 1.12% 1.12% 1.06% 1.07% 1.0
Slide 17: ACL Analysis by Loan Type
ACL ANALYSIS BY LOAN TYPE ($ in millions) December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 Allowance Loans Allowance Loans Allowance Loans Allowance Loans Allowance Loans CRE $ 38.7 $ 4,030.1 $ 40.2 $ 4,015.3 $ 37.5 $ 3,948.9 $ 41.4 $ 3,975.7 $ 39.3 $ 3,949.6 C&I 7
Slide 18: Securities Portfolio
SECURITIES PORTFOLIO Available for Sale(1) Unrealized Loss The $941.8 million securities $942 Million $61 Million US Agy portfolio (all AFS, no HTM) represented Municipal 11% 2% US Agy CMO 12% of assets at December 31, 2025, Municipal 8% UST 14% US Agy 7% US Agy CMO and had a weighted average modifi
Slide 19: Liquidity
LIQUIDITY Cash & Securities at Company-only （$ in millions） The Bank and the Company had ample liquidity Balance resources at December 31, 2025. Cash $ 9 Securities (AFS) 46 $ 55 Liquidity Position（$ in millions） Liquidity Ratios Balance % of Assets Liquid Assets to Total Assets Liquid Assets to Dep
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% and share repurchase program. Tangible book value 9.80% 9.59% 9.58% TCE / TA(1) per share (TBVPS)(1) increased to $26.27 at
Slide 21: Regulatory Capital
REGULATORY CAPITAL The Company exceeded regulatory minimums and the Bank remained well capitalized at December 31, 2025. Company Bank CET1 CET1 4.50% 2.50% 7.00% 6.50% Capital Capital 12.05% 13.17% 11.43% 12.55% Tier 1 Tier 1 6.00% 2.50% 8.50% 8.00% Capital Capital 12.37% 13.17% 11.75% 12.55% Total
Slide 22: USKC Loans & Deposits
USKC (1) LOANS & DEPOSITS USKC Loans – Top 10 Industries (as of 4Q25) Auto Part Manufacturing USKC portfolio represented $862.1 million, or 13% 31% RE Investment 22% of the loan portfolio, and $1.02 billion, or 15% of Hotel 19% the deposit portfolio at December 31, 2025. Polyester Manufacturing 7% F
Slide 23: Loan Portfolio Maturities
LOAN PORTFOLIO MATURITIES ($ in millions) <1 Year 1-3 Years >3 Years Total Real Estate Loans Retail $ 211.7 $ 346.7 $ 574.0 $ 1,132.4 Hospitality 195.1 278.1 374.8 848.0 Office 244.2 200.1 59.0 503.3 Other 409.4 462.6 660.7 1,532.7 Commercial Property $ 1,060.4 $ 1,287.5 $ 1,668.5 $ 4,016.4 Construc
Slide 24: Loan Portfolio Distribution
LOAN PORTFOLIO DISTRIBUTION Residential Real CRE C&I Estate & Equipment Finance Owner Non-owner Lines of Residential Equipment ($ in millions) Multifamily Construction(1) Term(2) Occupied Occupied Credit(2) Real Estate Finance Total Balance $905 $2,637 $474 $14 $579 $496 $1,050 $408 Average $1.27 $3
Slide 25: Loan Portfolio Diversification
LOAN PORTFOLIO DIVERSIFICATION • CRE(1) represents 61% of the total portfolio • C&I(2) represents 16% of the total portfolio. Gas Station Mixed Use 5% 3% Other Multifamily 7% CRE Portfolio(1) 11% C&I Portfolio(2) Manufacturing Other 32% $4,030M Office Retail $1,075M 38% 12% 28% Industrial Retail Tra
Slide 26: CRE Portfolio Geographical Exposure
CRE PORTFOLIO GEOGRAPHICAL Multifamily by State $474 Construction by State $14 EXPOSURE Illinois $11 Other $15 3% 2% New York ($ in millions) $79 17% California California $268 Other $7 CRE Composition by State Texas $101 57% $7 50% $4,030 21% 50% Illinois Other $101 $654 3% 16% Owner Occupied by St
Slide 27: Office Loan Portfolio
OFFICE LOAN PORTFOLIO Portfolio by State The CRE office portfolio(1) was $503.3 million(2) at 2% December 31, 2025, representing 8% of the total loan 5% portfolio. 8% 82% Remaining = 3% $4.2M 2.05x 53.7% Average balance of the portfolio Weighted average debt Weighted average coverage ratio(3) of the
Slide 28: Hospitality Segment
HOSPITALITY SEGMENT Hospitality segment represented $848.0 million(1), Hospitality by Type or 13% of the total loan portfolio and 21% of the Convention Center total CRE portfolio, at December 31, 2025. Airport 2% 5% Resort 6% (2) $4.6M 2.05x 52.0% Destination / Suburban (3) Metropolitan (3) Average
Slide 29: Retail Segment
RETAIL SEGMENT Retail segment represents $1.13 billion(1), or 17% Percentage of Portfolio of the total loan portfolio, and 28% of the total CRE portfolio, at December 31, 2025. Illinois 2% Other Georgia 3% 12% (2) Texas 12% $1.6M 2.01x 46.48% California 71% Average balance of the (3) Weighted averag
Slide 30: Residential Real Estate Portfolio
RESIDENTIAL REAL ESTATE PORTFOLIO The RRE(1) portfolio was $1.05 billion at December Percentage of Portfolio 31, 2025, representing 16% 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 (L
Slide 31: Equipment Finance Portfolio
EQUIPMENT FINANCE PORTFOLIO Portfolio by Equipment 28% 30% Equipment finance portfolio represented $408.5 million, or 6% of the loan portfolio, at December 31, 2025 7% 7% 6% 5% 5% 4% 4% 4% Portfolio by Industry Other Services 4% Wholesale Trade 12% (1) Other Transportation Portfolio by State 4% 19%
Slide 32: 4Q25 Financial Summary
4Q25 FINANCIAL SUMMARY Change (1) ($ in millions, except EPS) December 31, 2025 September 30, 2025 December 31, 2024 Q/Q Y/Y Income Statement Summary Net interest income before credit loss $ 62.9 $ 61.1 $ 53.4 2.9% 17.6% Noninterest income 8.3 9.9 7.4 -16.0% 12.8% Operating revenue 71.2 71.0 60.8 0.
Slide 33: 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) December 31, September 30, June 30, March 31, December 31, Hanmi Financial Corporation 2025 2025 2025 2025 2024 Assets $ 7,869,185 $ 7,856,731 $
Slide 34: 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 $ 816,424 $ 838,150 $ 1,020,898 $ 892,795 $ 892,795 $ 965,653 Unrealized loss on A
Slide 35: 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 December 31, September 30, June 30, March 31, December 31, Q4-25 Q4-25 Hanmi Financial Corporation 2025 2025 2025 2025 2024 vs. Q3-25 vs. Q4-24 Net income $ 21,238 $ 22,061 $ 15,117 $ 17,672 $ 17,695