Q4 2025 Hanmi Financial Corp Earnings Call Transcript
Key Points
- Hanmi Financial Corp (HAFC) achieved mid-single-digit loan growth and further diversified its loan portfolio.
- Net interest income increased by 16.5% for the full year, with a net interest margin expansion of 37 basis points.
- Non-interest income rose by 7.6%, driven by a 39% increase in SBA loan sales.
- The company maintained a strong credit quality with non-performing assets at 0.26% of total assets.
- Hanmi Financial Corp (HAFC) returned $42 million to shareholders through share repurchases and dividends in 2025.
- Net income for the fourth quarter decreased by 3.7% due to lower non-interest income.
- Fourth-quarter loan production was down 34% from the prior quarter.
- Non-interest expenses increased by 4.6% for the year, primarily due to higher salaries and benefits.
- Deposits decreased by 1.3% in the fourth quarter, driven by a decline in demand deposits, money market, and savings.
- The company faced intense competition in the CD market, affecting pricing power.
Ladies and gentlemen, welcome to Hanmi Financial Corporation's fourth-quarter and full-year 2025 conference call. As a reminder, today's call is being recorded for replay purposes. (Operator Instructions)
I would now like to turn the call over to Ben Brodkowitz, Investor Relations for the company. Please go ahead.
Thank you, operator, and thank you, all, for joining us today to discuss Hanmi's fourth-quarter and full-year 2025 results. This afternoon, Hanmi issued its earnings release and supplemental slide presentation to accompany today's call. Both documents are available in the IR section of the company's website at hanmi.com.
I'm here today with Bonnie Lee, President and Chief Executive Officer of Hanmi Financial Corporation; Anthony Lee, Chief Banking Officer; and Ron Santarosa, Chief Financial Officer.
Finally, we'll begin today's call with an overview. Anthony will discuss loan and deposit activities, Ron will provide details on our financial performance, and then
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