What is Hanmi Financial Efficiency Overhead Ratio %?
Efficiency Overhead Ratio % for banks is non-interest expenses divided by revenue. It helps show how well banks control their overhead expenses. A lower Efficiency Overhead Ratio suggests that the bank is operating better.
Hanmi Financial's Efficiency Overhead Ratio % for the quarter that ended in Dec. 2023 was 58.86%
, which is higher than
51.82% for the pervious quarter ended in Sep. 2023.
Hanmi Financial's Efficiency Overhead Ratio % for the annual that ended in Dec. 2023 was 53.45%
, which is higher than
47.93% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Hanmi Financial's Efficiency Overhead Ratio % or its related term are showing as below:
HAFC's Efficiency Overhead Ratio % is not ranked *
in the Banks industry.
Industry Median: * Ranked among companies with meaningful Efficiency Overhead Ratio % only.
Hanmi Financial Efficiency Overhead Ratio % Historical Data
The historical data trend for Hanmi Financial's Efficiency Overhead Ratio % 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.
Competitive Comparison of Hanmi Financial's Efficiency Overhead Ratio %
For the Banks - Regional subindustry, Hanmi Financial's Efficiency Overhead Ratio %, along with its competitors' market caps and Efficiency Overhead Ratio % 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 (NAS:HAFC) Efficiency Overhead Ratio % Calculation
Efficiency Overhead Ratio % is calculated as
Efficiency Overhead Ratio %
=
Non-interest Expenses
/
Revenue
* 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.
Hanmi Financial (NAS:HAFC) Efficiency Overhead Ratio % Explanation
Efficiency Overhead Ratio % is typically used to analyze how well a company uses its assets and liabilities. It typically calculates the turnover of receivables, the repayment of liabilities, etc. In the banking industry, Efficiency Overhead Ratio % specifically refers to non-interest expenses divided by revenue. This ratio shows how well banks control their overhead expenses and allows analysts to assess their performance.
An Efficiency Overhead Ratio lower than 50% is considered to be optimal. If the Efficiency Overhead Ratio decreases, it means the bank’s expenses are decreasing and revenues are increasing, suggesting the bank is operating better.
Hanmi Financial Efficiency Overhead Ratio % Related Terms
Thank you for viewing the detailed overview of Hanmi Financial's Efficiency Overhead Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hanmi Financial (Hanmi Financial) Business Description
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HAFC has been successfully added to your 