Hanmi Financial reported third quarter 2026 net income of $23.7 million, or $0.80 per share, with total revenue reaching $76.6 million. While the company exceeded revenue and margin expectations, results were tempered by a specific $3.2 million commercial real estate loan charge-off.
Key Highlights
- Net interest margin (NIM) expanded to 3.44%, significantly outperforming the 2.85% estimate due to higher loan yields and disciplined deposit pricing.
- Total revenue of $76.6 million beat the $68.4 million estimate, supported by a 5.8% sequential increase in net interest income.
- Credit loss expense rose to $4.5 million, driven by a $3.2 million charge-off on a $21.2 million commercial real estate loan moved to held-for-sale.
- Asset quality remains stable with nonperforming assets at 0.12% of total assets, though criticized loans increased to 2.05% of the portfolio from 1.74% in the prior quarter.