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LOS ANGELES - Hanmi Financial Corporation (NASDAQ:HAFC), the holding company for Hanmi Bank, has declared a quarterly cash dividend of $0.27 per share for the second quarter of 2025, representing a 4.64% yield at current prices. The dividend is payable on May 21, 2025, to shareholders on record as of May 5, 2025. According to InvestingPro data, the company has maintained dividend payments for 13 consecutive years, with an 8% dividend growth over the last twelve months.
Hanmi Financial Corporation, based in Los Angeles, California, operates Hanmi Bank, which caters to multi-ethnic communities. With a market capitalization of $698.1 million and trading at a P/E ratio of 11.03, the bank has demonstrated strong performance with a 61.91% return over the past year. The bank’s network includes 32 full-service branches and various loan production offices and centers spread across nine states, including California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia. Hanmi Bank’s primary focus is providing real estate, commercial, Small Business Administration (SBA), and trade finance lending services to small and middle market businesses.
This announcement follows Hanmi’s ongoing financial activities and strategic plans, which are subject to a variety of economic and market conditions that affect the financial industry. For deeper insights into Hanmi’s financial health and future prospects, InvestingPro subscribers can access comprehensive analysis, including exclusive ProTips and detailed financial metrics that help evaluate the company’s investment potential. The company has outlined potential factors that could impact future results in its forward-looking statements, such as economic and business conditions, market volatility, interest rate fluctuations, competition, demographic shifts, geopolitical events, natural disasters, operational risks, and regulatory changes, among others.
Hanmi Financial Corporation’s ability to maintain adequate capital and liquidity levels to support operations is critical, as are the overall health of the economy and the behavior of consumers in terms of spending, borrowing, and saving.
Investors and stakeholders are advised that the information disclosed in this announcement is based on a press release statement from Hanmi Bank. As with all forward-looking statements, actual outcomes may differ due to various risks and uncertainties. The company regularly files reports with the U.S. Securities and Exchange Commission, which provide further details on potential risks and uncertainties that could affect the company’s business and financial performance.
In other recent news, Hanmi Financial Corporation reported its first-quarter earnings for 2025, meeting analysts’ expectations with an earnings per share (EPS) of $0.58. The company’s revenue slightly missed projections, coming in at $62.8 million compared to the expected $63.45 million. Despite the revenue shortfall, Hanmi Financial experienced a 17% year-over-year increase in net income, reaching $17.7 million. The company’s strategic initiatives have led to growth in deposits and loan portfolios, highlighting its strong market position. Additionally, Hanmi Financial is expanding its reach by opening new branches, including a recent launch in Duluth, Georgia. In terms of analyst insights, firms such as D.A. Davidson and KBW have shown interest in Hanmi’s loan production and credit quality. The company’s net interest margin improved to 3.02%, up by 11 basis points, driven by a decrease in deposit interest expenses. Hanmi Financial continues to focus on expanding its U.S.-Korea Corporate initiative, projecting low to mid-single-digit loan growth for the future.
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