10-Q · May 8, 2026
Hanmi Financial Corporation reported Q1 2026 results with revenue of $71.74 million, exceeding estimates of $71.20 million, which reflects a 4.35% increase from the previous quarter's revenue of $68.73 million. The…
Earnings analysis · 10-Q
HAFC earnings analysis
Filed August 7, 2026 · Our reading of the company's report
The latest report
Hanmi Financial delivered Q2 diluted EPS of $0.79, beating the $0.77 estimate and increasing 4.2% sequentially to $23.5 million of net income. Net interest income of $63.9 million supported results, but reported revenue…
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Hanmi Financial delivered Q2 diluted EPS of $0.79, beating the $0.77 estimate and increasing 4.2% sequentially to $23.5 million of net income. Net interest income of $63.9 million supported results, but reported revenue of $72.205 million missed estimates by approximately 2.5% and was below the prior-year and prior-quarter levels in the supplied history. The filing provides no quantitative forward guidance and reports no material changes to previously disclosed risk factors.
Reported figures
- Earnings per share
- $0.79
What stood out
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EPS beat and sequential earnings growth
Diluted EPS was $0.79, above the $0.77 consensus estimate and up from $0.75 in Q1 2026 and $0.50 in Q2 2025. Net income increased 4.2% sequentially to $23.5 million.
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Net interest income supported earnings
Net interest income was $63.9 million, while credit-loss expense was $1.2 million, supporting the quarter’s $23.5 million of net income.
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Continued share repurchases
The company repurchased 160,000 shares during Q2 at an average price of $30.24. As of June 30, 2026, 1,991,495 shares remained available under the repurchase program.
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Repurchase authorization expanded
The Board expanded the repurchase authorization by 1.5 million shares on January 29, 2026, and the program has no scheduled expiration date.
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Controls remained effective
Management concluded that disclosure controls and procedures were effective as of June 30, 2026, and reported 0 material changes to internal control over financial reporting during the quarter.
What to watch
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Revenue missed estimates and prior periods
Operating revenue was $72.205 million versus the $74.037 million estimate, a shortfall of approximately 2.5%. Revenue also declined from $109 million in Q2 2025 and $111 million in Q1 2026 based on the supplied quarterly history.
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Revenue volatility
Diluted EPS of $0.79 improved from $0.75 sequentially, but the filing’s reported operating revenue of $72.205 million was materially below the $111 million reported for Q1 2026 in the supplied history, indicating potential revenue volatility.
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Capital allocated to repurchases
The company deployed approximately $4.8 million for the 160,000 shares repurchased at an average price of $30.24 during Q2. This represents capital that was not available for liquidity, lending or other corporate purposes.
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No new risk-factor disclosures
The filing states there were no material changes to the risk factors from the December 31, 2025 Form 10-K; therefore, 0 new or modified material risk factors were identified in this 10-Q.
Management's outlook
No quantitative forward revenue or EPS outlook was provided in the filing. The filing states disclosure controls were effective as of June 30, 2026.
Earlier filings 1
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.