Hanmi Financial Corporation · NASDAQ:HAFC
Hanmi Financial — Western Bank Forum 2026
51 slides from Hanmi Financial's conference presentation, Feb 25, 2026
Slide 1: Western Bank Forum
NASDAQ | HAFC Western Bank Forum February 25, 2026 California | Colorado | Georgia | Illinois | New Jersey | New York | Texas | Virginia | Washington
Slide 2: Table of Contents
HANMI PROFILE 5 – 20 TABLE OF 4Q25 PERFORMANCE RESULTS 21 – 37 CONTENTS LOAN PORTFOLIO DETAILS 38 – 47 4Q25 FINANCIAL SUMMARY 48 – 48 NON-GAAP RECONCILIATION 49 – 51 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: Nationwide Network Investment Highlights
NATIONWIDE NETWORK 1 2 1 INVESTMENT 3 HIGHLIGHTS As of 4Q25 1 20 2 1 1 1 1 Branch $7.9B $6.6B TOTAL ASSETS LOANS 5 1 Loan Production Office & Centers $6.7B 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 deposits since • Strong 9% CAGR in average loans since 2013 2013 • Average noninterest-bearing deposits of Premier Diversified • Significant progress diversifying loan portfolio across CRE, equipment finance, $1.94 billion represent 30% of average deposits Depo
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 62% Loan Composition Loan Composition (as of December 31, 2013) (as of December 31, 2025) $2.23 Billion $6.56 Billion (3) Equipment Financ
Slide 10: Average Loan Trend
AVERAGE LOAN TREND Strong average loan growth reflecting a 9% CAGR since 2013 $6,303 $5,968 $6,111 $5,597 $4,685 $4,795 $4,456 $4,508 $4,039 $3,423 $2,902 $2,441 ($ in millions) $2,157 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 30% of total deposits. $6,568 $6,191 $6,308 $5,950 $5,560 $4,946 $4,691 $4,461 $4,160 55% 65% 70% $3,503 $3,608 59% 70% $2,872 66% ($
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 NIM 3.94% 3.88% 3.90% 3.95% 3.82% 3.57% 3.37% 3.50% 3.19% 3.08% 3.08% 3.15% 2.78% $238 $236 $221 Net Interest Income ($ in millions) $203 $195 $177 $181 $176 $181 $160 $148 $123 $109 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 13
Slide 14: Noninterest Income Trend
NONINTEREST INCOME TREND NII / Average Assets 1.24% 1.17% 0.99% 0.76% 0.67% 0.73% 0.50% 0.62% 0.46% 0.49% 0.46% 0.42% 0.44% Noninterest Income ($ in millions) $48 $42 $43 18% $40 8% 12% $34 $34 $34 $33 $33 $32 $28 43% 6% 18% $28 17% 5% 26% $25 28% 23% 19% 29% 19% 20% 92% 82% 88% 82% 83% 74% 81% 57%
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% 1.85% 1.84% $148 Non-Interest Expense ($ in millions) $141 $137 $130 $126 $124 $115 $118 $119 $114 $108 $99 $78 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 15
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% 0.84% 0.72% 0.70% $90 $73 $72 Allowance for Credit Losses ($ in millions) $69 $70 $70 $61 $58 $53 $43 $32 $31 $32 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 16
Slide 17: Nonperforming Assets Trend
NONPERFORMING ASSETS TREND Nonperforming Assets / Total Assets NPAs/Total Assets 1.38% 1.15% 0.87% 0.97% 0.65% 0.40% 0.34% 0.29% 0.20% 0.14% 0.21% 0.19% 0.26% $2.4 $0.1 Nonperforming Assets ($ in millions) $83.0 $15.8 $63.8 $0.8 $8.5 $1.9 $2.0 $7.5 $0.7 $0.7 $0.1 $0.1 $25.9 $25.3 $19.1 $0.1 $15.5 $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% 0.23% 0.05% 0.07% 0.02% 0.02% 0.12% 0.07% -0.06% -0.07% -0.13% $30.9 $26.4 $14.4 Net charge offs (recoveries) ($ in millions) $7.0 $4.1 $7.1 $6.3 $6.2 $2.2 $3.1 $6.3 $0.7 $1.4 $7.2 $7.7 $7.3 $6.2 $0.8 $
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: 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 $1.8 million due to higher salaries an
Slide 22: Loan Production
LOAN PRODUCTION New Production and Weighted Average Interest Rate(5) ($ 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 $52.5M 18% Commercial real estate C
Slide 23: Loan Portfolio
LOAN PORTFOLIO Outstanding ($ 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 24: 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 25: 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 26: 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 27: 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 28: Noninterest Expense
NONINTEREST EXPENSE Noninterest expense was $39.1 million for the fourth quarter, up 5% from the third quarter, primarily due to seasonally higher advertising and promotion expense, higher OREO expense related to property taxes, as well as an increase in personnel and higher professional fees and da
Slide 29: Asset Quality – Delinquent & Criticized Loans
ASSET QUALITY – DELINQUENT & CRITICIZED LOANS Criticized Loans(2)（$ 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 30: 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% $26.0 0.
Slide 31: Asset Quality – Gross & Net Loan Charge-offs
ASSET QUALITY – GROSS & NET LOAN CHARGE -OFFS Net charge-offs for the fourth quarter were Net Charge-offs (Recoveries)（$ 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 32: 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 33: 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 34: Securities Portfolio
SECURITIES PORTFOLIO Available for Sale(1) Unrealized Loss The $941.8 million securities $942 Million $61 Million US Agy portfolio (all AFS, no HTM) represented Municipal 11% 2% US Agy CMO 12% of assets at December 31, 2025, Municipal 8% UST 14% US Agy 7% US Agy CMO and had a weighted average modifi
Slide 35: Liquidity
LIQUIDITY Cash & Securities at Company-only （$ 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 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% 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 37: 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 38: 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 $1.02 billion, or 15% of Hotel 19% the deposit portfolio at December 31, 2025. Polyester Manufacturing 7% F
Slide 39: Loan Portfolio Maturities
LOAN PORTFOLIO MATURITIES ($ 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 40: 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 41: 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% Construction Other Multifamily 0% 7% CRE Portfolio(1) 11% C&I Portfolio(2) Manufacturing Other 32% $4,030M Office Retail $1,075M 38% 12% 28% Indus
Slide 42: 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 43: 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 44: 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 45: 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 46: 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 47: Equipment Finance Portfolio
EQUIPMENT FINANCE PORTFOLIO Portfolio by Equipment 28% 30% Equipment finance portfolio represented $408.5 million, or 6% of the loan portfolio, at December 31, 2025 7% 7% 6% 5% 5% 4% 4% 4% Portfolio by Industry Other Services 4% Wholesale Trade 12% (1) Other Transportation Portfolio by State 4% 19%
Slide 48: 4Q25 Financial Summary
4Q25 FINANCIAL SUMMARY Change (1) ($ 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 49: 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 50: 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 51: 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