Hanmi Financial Corporation · NASDAQ:HAFC
Hanmi Financial — Q3 2025 Earnings Presentation
34 slides from Hanmi Financial's earnings presentation, Oct 21, 2025
Slide 1: 3Q25 Earnings Supplemental Presentation
NASDAQ | HAFC 3Q25 Earnings Supplemental Presentation October 21, 2025 California | Colorado | Georgia | Illinois | New Jersey | New York | Texas | Virginia | Washington
Slide 2: Table of Contents
3Q25 PERFORMANCE RESULTS 5 – 21 TABLE OF LOAN PORTFOLIO DETAILS 22 – 31 CONTENTS 3Q25 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: 3Q25 Highlights
3Q25 HIGHLIGHTS Earnings Performance • Third quarter net income was $22.1 million, or $0.73 per diluted share, compared with $15.1 million, or $0.50 per diluted share in the second quarter, driven by an increase in net interest income and a decrease in credit loss expense. • Preprovision net revenue
Slide 6: Loan Production
LOAN PRODUCTION New Production and Weighted Average Coupon ($ in millions) Loan production of $570.8 million in the third quarter included a meaningful contribution from 7.92% commercial and industrial production, which increased 7.37% 7.35% 7.10% 6.91% 296% to $211.5 million quarter-over-quarter. $
Slide 7: Loan Portfolio
LOAN PORTFOLIO Outstanding ($ in millions) 3Q25 Average Yield Commercial Real Estate $6.53 Billion Loan Portfolio $4,015 5.74% (as of September 30, 2025) (CRE)(1,2) Portfolio Residential Real Estate (RRE)(3) Portfolio $1,044 5.38% Equipment Commercial & Industrial C&I Finance (C&I)(1) Portfolio $1,0
Slide 8: Deposit Portfolio
DEPOSIT PORTFOLIO $3,728 $3,039 Total deposits increased 0.6% to $6.77 billion, led Deposits by a $58.0 million, or 2.4%, increase in time as of 3Q25 55% 45% deposits, quarter-over-quarter. ($ in millions) Noninterest-bearing demand deposits represented 30.8% of total Business Personal deposits at S
Slide 9: Net Interest Income | Net Interest Margin
NET INTEREST INCOME | NET INTEREST MARGIN Net Interest Margin Net interest income for the third quarter was $61.1 million and net interest margin (taxable equivalent) was 3.22%, both up from the second quarter. (1) 0.01% 3.22% 0.04% 0.04% (1) 3.02% 3.07% 2.91% 0.06% 2.74% (1) 3.21% 3.22% (1) 3.17% (
Slide 10: Net Interest Income Sensitivity
NET INTEREST INCOME SENSITIVITY Loan & Deposit Beta(1) Fed Funds Rate & Cost of CDs 5.00% Fed 4.55% 4.50% 4.50% 4.25% Funds Loan Cost of Rate(3) 6.05% 5.91% 6.02% 6.00% 6.04% 5.95% 5.90% 5.93% 5.99% 5.95% CDs(2) 4.79% 4.50% 4.17% 4.05% 3.97% 5.73% Yield 5.50% 5.50% Fed 3Q24 4Q24 1Q25 2Q25 3Q25 Funds
Slide 11: Noninterest Income
NONINTEREST INCOME 3Q25 Service Charges, Fees & Other（$ in million） Noninterest income for the third quarter was $9.9 million, up 22% from the second quarter, primarily Service charges on deposit accounts because of $1.2 million gains on sale of mortgage 12% $0.8 32% loans and a $0.5 million increas
Slide 12: Noninterest Expense
NONINTEREST EXPENSE Noninterest expense was $37.4 million for the third quarter, up 3% from the second quarter, primarily due to the gain on OREO asset in the second quarter. 1.85% 1.86% 1.89% 1.90% Noninterest expense / 1.82% Average assets $36.3 $37.4 $35.1 $34.5 $35.0 $4.5 (1) $4.8 $4.4 $3.9 (1)
Slide 13: Asset Quality – Delinquent & Criticized Loans
ASSET QUALITY – DELINQUENT & CRITICIZED LOANS Criticized Loans(2)（$ in millions） 2.56% 2.64% 2.62% Criticized loans improved by $1.2 million in the third quarter. Criticized loans / 0.74% 0.69% Total loans $160.0 $165.3 $164.9 Delinquent Loans(1)（$ in millions） 0.30% Delinquent 0.28% 0.24% loans / (
Slide 14: Asset Quality – Nonperforming Assets & Nonaccrual Loans
ASSET QUALITY – NONPERFORMING ASSETS & NONACCRUAL LOANS Nonperforming assets were $21.4 million at the end of the third quarter, down from $26.0 million Nonaccrual Loans（$ in millions） at the end of the second quarter. (2) $35.5 Nonperforming Assets(1)（$ in millions） Nonperforming 0.46% 0.33% 0.27%
Slide 15: Asset Quality – Gross & Net Loan Charge-offs
ASSET QUALITY – GROSS & NET LOAN CHARGE -OFFS Net recoveries for the third quarter were Net Charge-offs (Recoveries)（$ in millions） $482 thousand. 0.73% Net Charge-offs / 0.06% 0.13% Gross Charge-offs（$ in millions） -0.01% -0.03% Average loans $12.4 $11.4 (2) (2) $9.4 $9.0 $0.9 $1.9 $3.8 $3.4 $3.2 $
Slide 16: ACL Trend
ACL TREND Allowance for credit losses was $69.8 million at September 30, 2025, or 1.07% to total loans, Credit Loss Expense（$ in millions） compared with $66.8 million, or 1.06% of total loans, at the end of the prior quarter. $7.6 Allowance for Credit Losses（$ in millions） 1.11% 1.12% 1.12% 1.06% 1.
Slide 17: ACL Analysis by Loan Type
ACL ANALYSIS BY LOAN TYPE ($ in millions) September 30, 2025 June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 Allowance Loans Allowance Loans Allowance Loans Allowance Loans Allowance Loans CRE $ 40.2 $ 4,015.3 $ 37.5 $ 3,948.9 $ 41.4 $ 3,975.7 $ 39.3 $ 3,949.6 $ 37.8 $ 3,932.1 C&I
Slide 18: Securities Portfolio
SECURITIES PORTFOLIO Available for Sale(1) Unrealized Loss The $972.4 million securities $972 Million $68 Million US Agy portfolio (all AFS, no HTM) represented Municipal 12% 3% US Agy CMO 12% of assets at September 30, 2025 Municipal US Agy CMO 7% UST 14% US Agy 7% and had a weighted average modifi
Slide 19: Liquidity
LIQUIDITY Cash & Securities at Company-only （$ in millions） The Bank and the Company have ample liquidity Balance resources at September 30, 2025. Cash $ 6 Securities (AFS) 44 $ 50 Liquidity Position（$ in millions） Liquidity Ratios Balance % of Assets Liquid Assets to Total Assets Liquid Assets to D
Slide 20: Capital Management
CAPITAL MANAGEMENT Dividend, Share Repurchase & TCE/TA(1)（$ in millions） Prudent capital management while driving shareholder return through stable quarterly dividends 9.80% and share repurchase program. Tangible book value 9.59% 9.58% TCE / TA(1) 9.42% 9.41% per share (TBVPS)(1) increased to $25.64
Slide 21: Regulatory Capital
REGULATORY CAPITAL The Company exceeds regulatory minimums and the Bank remains well capitalized at September 30, 2025. Company Bank CET1 CET1 4.50% 2.50% 7.00% 6.50% Capital Capital 12.00% 13.20% 11.30% 12.50% Tier 1 Tier 1 6.00% 2.50% 8.50% 8.00% Capital Capital 12.33% 13.20% 11.63% 12.50% Total T
Slide 22: USKC Loans & Deposits
USKC (1) LOANS & DEPOSITS USKC Loans – Top 10 Industries (as of 3Q25) Auto Part Manufacturing USKC portfolio represented $910.2 million, or 14% 29% RE Investment 26% of the loan portfolio, and $1.04 billion, or 15% of Hotel 18% the deposit portfolio. Food 5% Polyester Manufacturing 4% USKC CRE portf
Slide 23: Loan Portfolio Maturities
LOAN PORTFOLIO MATURITIES ($ in millions) <1 Year 1-3 Years >3 Years Total Real Estate Loans Retail $ 208.2 $ 309.1 $ 589.1 $ 1,106.4 Hospitality 101.3 363.4 358.4 823.1 Office 236.6 237.8 58.6 533.0 Other 404.5 463.8 614.5 1,482.8 Commercial Property $ 950.5 $ 1,374.2 $ 1,620.6 $ 3,945.3 Constructi
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 $847 $2,658 $440 $70 $550 $502 $1,044 $417 Average $1.19 $3
Slide 25: Loan Portfolio Diversification
LOAN PORTFOLIO DIVERSIFICATION • CRE(1) represents 62% of the total portfolio • C&I(2) represents 16% of the total portfolio. Gas Station Mixed Use Construction 5% 3% 2% Other 7% CRE Portfolio(1) Multifamily C&I Portfolio(2) Manufacturing 10% Other 30% $4,015M Industrial Retail $1,052M 37% 12% 28% F
Slide 26: CRE Portfolio Geographical Exposure
CRE PORTFOLIO GEOGRAPHICAL Multifamily by State $440 Construction by State $70 EXPOSURE Illinois $12 Other $14 3% Other 3% $15 ($ in millions) New York 22% $79 California 18% New York $235 $17 California 53% CRE Composition by State Texas $100 24% $38 54% $4,015 23% Illinois Other $100 $661 3% 16% O
Slide 27: Office Loan Portfolio
OFFICE LOAN PORTFOLIO Portfolio by State The CRE office portfolio(1) was $533.0 million(2) at 2% September 30, 2025, representing 8% of the total loan 1% portfolio. 13% 81% Remaining = 3% $4.4M 2.02x 54.6% Average balance of the portfolio Weighted average debt Weighted average coverage ratio(3) of t
Slide 28: Hospitality Segment
HOSPITALITY SEGMENT Hospitality segment represented $823.0 million(1), Hospitality by Type or 13% of the total loan portfolio and 20% of the Convention Center total CRE portfolio, at September 30, 2025. Airport 2% 5% Resort 7% (2) $4.5M 2.08x 52.5% Destination / Suburban (3) Metropolitan (3) Average
Slide 29: Retail Segment
RETAIL SEGMENT Retail segment represents $1.11 billion(1), or 17% Percentage of Portfolio of the total loan portfolio and 28% of the total CRE portfolio at September 30, 2025. Illinois 2% Other Georgia 3% 12% (2) Texas 12% $1.6M 2.01x 45.8% California 71% Average balance of the (3) Weighted average
Slide 30: Residential Real Estate Portfolio
RESIDENTIAL REAL ESTATE PORTFOLIO The RRE(1) portfolio was $1.04 billion at September Percentage of Portfolio 30, 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 (
Slide 31: Equipment Finance Portfolio
EQUIPMENT FINANCE PORTFOLIO Portfolio by Equipment 30% 27% Equipment finance portfolio represented $416.9 million, or 6% of the loan portfolio, at September 30, 2025 7% 7% 7% 5% 5% 4% 4% 4% Portfolio by Industry Hospitality 3% Other Services Other 12% (1) Portfolio by State 4% Transportation 21% Who
Slide 32: 3Q25 Financial Summary
3Q25 FINANCIAL SUMMARY (1) Change ($ in millions, except EPS) September 30, 2025 June 30, 2025 September 30, 2024 Q/Q Y/Y Income Statement Summary Net interest income before credit loss $ 61.1 $ 57.1 $ 50.1 6.9% 22.0% Noninterest income 9.9 8.1 8.4 22.4% 17.1% Operating revenue 71.0 65.2 58.5 8.8% 2
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) September 30, June 30, March 31, December 31, September 30, Hanmi Financial Corporation 2025 2025 2025 2024 2024 Assets $ 7,856,731 $ 7,862,363
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 $ 804,474 $ 826,096 $ 1,008,479 $ 884,694 $ 884,694 $ 957,077 Unrealized loss on A