Hanmi Financial (FRA:HF7N) Credit Losses Provision : €2.3 Mil (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Hanmi Financial Credit Losses Provision?

Hanmi Financial's credit losses provision for the three months ended in Mar. 2024 was €0.2 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was €2.3 Mil.

Hanmi Financial's quarterly credit losses provision declined from Sep. 2023 (€4.8 Mil) to Dec. 2023 (€-2.6 Mil) but then increased from Dec. 2023 (€-2.6 Mil) to Mar. 2024 (€0.2 Mil).

Hanmi Financial's annual credit losses provision increased from Dec. 2021 (€-21.6 Mil) to Dec. 2022 (€0.8 Mil) and increased from Dec. 2022 (€0.8 Mil) to Dec. 2023 (€4.0 Mil).

Hanmi Financial Credit Losses Provision Historical Data

The historical data trend for Hanmi Financial's Credit Losses Provision 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 Credit Losses Provision Chart

Hanmi Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

Get a 7-Day Free Trial

27.15

37.36

-21.60

0.79

3.98

Hanmi Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															1.99	-0.07	4.83	-2.63	0.21

Hanmi Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €2.3 Mil.

Hanmi Financial (FRA:HF7N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hanmi Financial Corp (FRA:HF7N) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

HAFC:USA

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.

Hanmi Financial (FRA:HF7N) Headlines

No Headlines