Hanmi Financial (Hanmi Financial) Net Margin % : 31.15% (As of Dec. 2023)

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What is Hanmi Financial Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Hanmi Financial's Net Income for the three months ended in Dec. 2023 was $18.6 Mil. Hanmi Financial's Revenue for the three months ended in Dec. 2023 was $59.8 Mil. Therefore, Hanmi Financial's net margin for the quarter that ended in Dec. 2023 was 31.15%.

The historical rank and industry rank for Hanmi Financial's Net Margin % or its related term are showing as below:

HAFC' s Net Margin % Range Over the Past 10 Years
Min: 16.22 Med: 28.7 Max: 41.96
Current: 32.08

HAFC's Net Margin % is ranked better than
68.72% of 1458 companies
in the Banks industry
Industry Median: 25.41 vs HAFC: 32.08

Hanmi Financial Net Margin % Historical Data

The historical data trend for Hanmi Financial's Net Margin % 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 Net Margin % Chart

Hanmi Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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16.22

18.96

41.96

37.30

32.08

Hanmi Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Net Margin %	Get a 7-Day Free Trial															33.22	33.58	30.28	31.15	25.97

Competitive Comparison of Hanmi Financial's Net Margin %

For the Banks - Regional subindustry, Hanmi Financial's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hanmi Financial's Net Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Hanmi Financial's Net Margin % distribution charts can be found below:

* The bar in red indicates where Hanmi Financial's Net Margin % falls into.

Hanmi Financial Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Hanmi Financial's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	80.041	/	249.507
	=	32.08 %

Hanmi Financial's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	18.633	/	59.821
	=	31.15 %

Hanmi Financial (NAS:HAFC) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

Hanmi Financial Net Margin % Related Terms

Thank you for viewing the detailed overview of Hanmi Financial's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Hanmi Financial (Hanmi Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hanmi Financial Corp (NAS:HAFC) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

900 Wilshire Boulevard, Suite 1250, Los Angeles, CA, USA, 90017

Website

https://www.hanmi.com

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