Hanmi Financial Corp., the holding company of Hanmi Bank, reported net income of $17.67 million for the first quarter of 2025, or $0.58 per diluted share, surpassing Wall Street’s consensus estimate of $0.57 per share.
The figure remained virtually unchanged from the previous quarter’s $17.70 million (also $0.58 per share) but represents a 16.5% increase from the $15.16 million ($0.50 per share) reported in the first quarter of 2024.
Total assets reached $7.73 billion, up 0.7% from $7.68 billion in Q4 2024 and up 2.9% from $7.51 billion in Q1 2024.
Loan balances grew modestly to $6.28 billion, up 0.5% from $6.25 billion in the previous quarter and up 1.7% from $6.18 billion a year ago.
Deposits totaled $6.62 billion, reflecting a 2.9% increase from $6.44 billion in Q4 2024 and a 3.8% increase from $6.38 billion in Q1 2024.
Return on assets (ROA) rose by 1 basis point to 0.94%, compared to 0.93% in the previous quarter and up 13 basis points from 0.81% a year earlier.
Net interest margin (NIM) also improved, rising to 3.02% in Q1 2025—an increase of 11 basis points from Q4 2024 and 24 basis points from the same quarter last year.
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