Hanmi Financial Corp

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