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Hanmi Financial (Hanmi Financial) Retained Earnings : $319.0 Mil (As of Dec. 2023)


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What is Hanmi Financial Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Hanmi Financial's retained earnings for the quarter that ended in Dec. 2023 was $319.0 Mil.

Hanmi Financial's quarterly retained earnings increased from Jun. 2023 ($296.9 Mil) to Sep. 2023 ($308.0 Mil) and increased from Sep. 2023 ($308.0 Mil) to Dec. 2023 ($319.0 Mil).

Hanmi Financial's annual retained earnings increased from Dec. 2021 ($196.8 Mil) to Dec. 2022 ($269.5 Mil) and increased from Dec. 2022 ($269.5 Mil) to Dec. 2023 ($319.0 Mil).


Hanmi Financial Retained Earnings Historical Data

The historical data trend for Hanmi Financial's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Hanmi Financial Retained Earnings Chart

Hanmi Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 100.55 114.62 196.78 269.54 319.05

Hanmi Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 283.91 296.90 308.01 319.05 326.53

Hanmi Financial Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Hanmi Financial  (NAS:HAFC) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Hanmi Financial (Hanmi Financial) Business Description

Traded in Other Exchanges
N/A
Address
900 Wilshire Boulevard, Suite 1250, Los Angeles, CA, USA, 90017
Hanmi Financial Corp is a Los Angeles-based bank that caters to Korean-Americans and other multi-ethnic communities across California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia, and Washington. The bank mainly focuses on small businesses and commercial and real estate loans. Hanmi also offers trade-finance products. The bank has several lending offices outside California and plans to expand outside the state mainly through acquisitions. The Bank's revenues are derived from interest and fees on loans, interest, and dividends on the securities portfolio, service charges on deposit accounts, and sales of SBA loans.
Executives
Romolo Santarosa officer: SEVP, Corp. Finance & Strategy 6538 VERDE RIDGE ROAD, RANCHO PALOS VERDES CA 90275
Harry Chung director C/O IMPERIAL CAPITAL GROUP, INC., 2000 AVENUE OF THE STARS, 9TH FL. SOUTH, LOS ANGELES CA 90067
Michael Yang director 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Gloria J Lee director 900 WILSHIRE BLVD., SUITE 1250, LOS ANGELES CA 90017
Joseph Pangrazio officer: Chief Accounting Officer 900 WILSHIRE BLVD., SUITE 1250, LOS ANGELES CA 90017
Gideon Yu director 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
John J Ahn director 150 SOUTH FIFTH STREET, SUITE 1360, MINNEAPOLIS MN 55402
Patrick M Carr officer: Chief Accounting Officer 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Bonita Lee officer: SEVP & Chief Operating Officer 3731 WILSHIRE BLVD, SUITE 1000, LOS ANGELES CA 90010
David L Rosenblum director 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Anthony I. Kim officer: Chief Banking Officer 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Michael Du officer: Chief Risk Officer 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Joseph K Rho director 3660 WILSHIRS BLVD PH-A, LOS ANGELES CA 90010
Scott Diehl director 3660 WILSHIRE BLVD., PH-A, LOS ANGELES CA 90010
Kiho Choi director 3435 WILSHIRE BLVD., SUITE 2240, LOS ANGELES CA 90010