HANMI FINANCIAL CORP

Net income was $15.1 million, or $0.50 per diluted share, for the three months ended June 30, 2025 compared with $14.5 million, or $0.48 per diluted share, for the same period a year ago. The increase in net income was driven by a $8.5 million increase in net interest income, offset by a $6.6 million increase in credit loss expense, a $1.1 million increase in noninterest expense, and a $0.1 million higher income tax expense. Credit loss expense for the second quarter of 2025 was $7.6 million compared with a $1.0 million expense for the second quarter of 2024.

Net income was $32.8 million, or $1.08 per diluted share, for the six months ended June 30, 2025 compared with $29.6 million, or $0.97 per diluted share, for the same period a year ago. The $3.2 million increase in net income was driven by a $13.0 million increase in net interest income and a $0.4 million decrease in noninterest expense, offset by increases in credit loss expense of $9.2 million and income tax expense of $1.0 million. Credit loss expense for the six months ended June 30, 2025 was $10.4 million compared with credit loss expense of $1.2 million for the six months ended June 30, 2024.

Additional significant financial highlights include:

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Loans receivable increased by $58.0 million, or 0.94%, to $6.24 billion as of June 30, 2025, compared with $6.18 billion as of December 31, 2024. The net increase was due to loan production of $0.7 billion, offset by payoffs, loan sales, and prepayments of $0.6 billion.

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Deposits were $6.73 billion at June 30, 2025 compared with $6.44 billion at December 31, 2024 as money market and savings accounts increased by $159.3 million, time deposits increased by $115.5 million, and demand deposits increased by $18.9 million.

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Return on average assets and return on average stockholders’ equity for the six months ended June 30, 2025 were 0.86% and 8.19%, respectively, as compared with 0.79% and 7.70%, respectively for the six months ended June 30, 2024.