HANMI FINANCIAL CORP
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
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Noninterest Expense
The following table sets forth the components of noninterest expense for the periods indicated:
| Three Months Ended September 30, · Increase (Decrease) | ||||
|---|---|---|---|---|
| 2026 | 2025 | Amount | Percent | |
| (dollars in thousands) | ||||
| Salaries and employee benefits | $23,334 | $22,163 | $1,171 | 5.3% |
| Occupancy and equipment | 4,529 | 4,507 | 22 | 0.5 |
| Data processing | 4,706 | 3,860 | 846 | 21.9 |
| Professional fees | 1,696 | 1,978 | (282) | (14.3) |
| Supplies and communications | 489 | 423 | 66 | 15.6 |
| Advertising and promotion | 728 | 712 | 16 | 2.2 |
| All other operating expenses | 3,227 | 3,665 | (438) | (12.0) |
| Subtotal | 38,709 | 37,308 | 1,401 | 3.8 |
| Other real estate owned expense (income) | (22) | 17 | (39) | (229.4) |
| Repossessed personal property expense | 35 | 32 | 3 | 9.4 |
| Subordinated debt redemption | 1,127 | — | 1,127 | — |
| Total noninterest expense | $39,849 | $37,357 | $2,492 | 6.7% |
Noninterest expense increased 6.7%, or $2.5 million, to $39.8 million for the three months ended September 30, 2026 from $37.4 million for the three months ended September 30, 2025. The increase was mainly attributed to a $1.2 million increase in salaries and employee benefits due to annual merit increases, a $1.1 million increase in subordinated debt redemption expense due to the recognition of deferred debt issuance costs upon the redemption of the 2031 Notes, and a $0.8 million increase in data processing expense due primarily to higher license and maintenance costs as a result of greater transaction volumes and increased vendor pricing. Partially offsetting the increases was a $0.4 million decrease in all other operating expenses.
| Nine Months Ended September 30, · Increase (Decrease) | ||||
|---|---|---|---|---|
| 2026 | 2025 | Amount | Percent | |
| (dollars in thousands) | ||||
| Salaries and employee benefits | $68,074 | $65,204 | $2,870 | 4.4% |
| Occupancy and equipment | 13,326 | 13,301 | 25 | 0.2 |
| Data processing | 13,647 | 11,374 | 2,273 | 20.0 |
| Professional fees | 6,473 | 5,171 | 1,302 | 25.2 |
| Supplies and communications | 1,536 | 1,455 | 81 | 5.6 |
| Advertising and promotion | 2,096 | 2,094 | 2 | 0.1 |
| All other operating expenses | 11,178 | 10,409 | 769 | 7.4 |
| Subtotal | 116,330 | 109,008 | 7,322 | 6.7 |
| Other real estate owned income | (361) | (403) | 42 | (10.4) |
| Repossessed personal property expense | 160 | 84 | 76 | 90.5 |
| Subordinated debt redemption | 1,127 | — | 1,127 | — |
| Total noninterest expense | $117,256 | $108,689 | $8,567 | 7.9% |
Noninterest expense increased 7.9%, or $8.6 million, to $117.3 million for the nine months ended September 30, 2026 from $108.7 million for the nine months ended September 30, 2025. The increase was mainly attributed to a $2.9 million increase in salaries and employee benefits due to annual merit increases, a $2.3 million increase in data processing due to higher license and maintenance costs as a result of greater transaction volumes and increased vendor pricing, a $1.3 million increase in professional fees due to higher legal and consulting fees, and a $1.1 million increase due to the accelerated amortization of deferred debt issuance costs.
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