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/HAFC
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Hanmi Financial Corp

Hanmi Financial Corp

HAFC
$32.63USD↓-2.04%-0.68 today

MARKET CAP

971.3M

P/E (TTM)

12.2x

FWD P/E

9.8x

DAY RANGE

$32 – $33

52W RANGE

$22
$34

AI Summary

Stalk
StalkMedium

HAFC remains in a Stage 2 advance with strong HH/HL structure and rising EMAs supporting price. A recent parabolic acceleration has extended price above the EMA envelope into overbought territory, but no clear exhaustion is evident. While medium-term bias stays bullish, short-term extension and OB readings counsel deferment. We will stalk near the 9/21 EMA support zone for a more favorable entry point within our Value + EPS framework.

  • ↑Q1 net income $22.6M ($0.75/share), ROAA 1.18%, NIM 3.38%
  • ↑CNI loan production surged 64% QoQ to $135M; deposits +7% annualized
  • ↓Residential mortgage production fell 59% QoQ to $29M; non-interest income weakening
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The case for & against

Bull & Bear analysis

Bullish

Hanmi Financial Corporation (NASDAQ: HAFC) is a community-focused commercial bank primarily serving the Korean-American community through a relationship-based banking model. It specializes in a range of banking services, including commercial and industrial (CNI) loans, residential mortgages, and small business administration (SBA) lending. Positioned within a competitive banking environment, Hanmi emphasizes maintaining asset quality while targeting growth through strategic initiatives, particularly in expanding its US-Korea Corporate (USKC) relationships and leveraging its strong deposit base. The bank's commitment to customer-centric services aligns it with trends of personalization and engagement in the financial services sector.

Bull says

  • ↑Q1 net income $22.6M ($0.75/share), ROAA 1.18%, NIM 3.38%
  • ↑CNI loan production surged 64% QoQ to $135M; deposits +7% annualized
  • ↑Non-performing assets at 0.16% of assets, highlighting strong credit quality
  • ↑Returned $13.4M via dividends and buybacks; capital levels remain robust
  • ↑Stock trading above 200-day MA with average analyst target of $32.10
  • ↑High earnings yield and favorable book-to-price ratio suggest undervaluation

Bear says

  • ↓Residential mortgage production fell 59% QoQ to $29M; non-interest income weakening
  • ↓Intense competition in CRE and deposit markets pressures margins
  • ↓Elevated rates dampen loan demand; rate sensitivity risks profits
  • ↓Geopolitical uncertainties may mute US-Korea corporate loan growth
  • ↓Low profitability and liquidity factors indicate earnings and funding challenges
  • ↓Negative dividend yield and limited earnings revisions signal cautious outlook

Investment themes with HAFC

Regional Banks↑ +0.50%

FLG · TCBI · ZION

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-23-2026neutral

Transcript signals

Bull points

  • First quarter loan production was $378 million, up 3 million or 0.8% from the prior quarter, with a weighted average interest rate of 6.54% compared to 6.90% last quarter.
  • Total commitments for our commercial lines of credit were over $1.3 billion in the first quarter of 3% or 14% on an annualized basis.
  • deposits increased 2% from the prior quarter, driven primarily by growth in interest-bearing deposits and a modest increase in non-interest-bearing demand deposits.

Bear points

  • Residential mortgage loan production was 29 million for the first quarter, down 59% or 41 million from the previous quarter.
  • Due to ongoing uncertainty about the impact of tariffs, loan activity remains muted.
  • For the second quarter, we do not expect a similar decrease in the average cost of interest-bearing deposits.
Read full transcript analysis ›