Hanmi Financial Corporation (NASDAQ: HAFC) declared a cash dividend of $0.28 per share on its common stock for the third quarter of 2026. The Los Angeles-based financial holding company, parent of Hanmi Bank, confirmed the payout will be distributed on August 19, 2026, to shareholders who held the stock at the close of business on the record date of August 3, 2026.

The declaration by Hanmi Financial’s Board of Directors underscores the company’s continued capital return strategy to its investors. This distribution follows standard corporate governance procedures and aligns with the firm’s ongoing commitment to shareholder value amidst its operations in multi-ethnic communities across nine states.

Dividend Details

About Hanmi Financial

Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which operates a network of 32 full-service branches, five loan production offices, and three loan centers. The bank serves communities in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington, and Georgia. Hanmi Bank specializes in real estate, commercial, Small Business Administration (SBA), and trade finance lending, primarily targeting small and middle-market businesses.

Forward-Looking Statements

This press release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those projected. Key risk factors include potential failures to maintain adequate capital and liquidity, general economic conditions including recessionary risks, volatility in credit and equity markets, and changes in investor sentiment or consumer spending habits.

Additional risks cited include inflation, interest rate fluctuations affecting margins and yields, geopolitical events such as military conflict or terrorism, and cybersecurity threats. The company also highlighted risks associated with SBA loans, potential federal government shutdowns impacting loan sales, and changes in regulatory environments, including FDIC insurance premiums and monetary policies set by the U.S. Treasury and the Federal Reserve Board. Furthermore, Hanmi Bank’s ability to make distributions to Hanmi Financial Corporation is restricted by factors such as retained earnings, net income, prior distributions, and specific financial tests.

Hanmi Financial Corporation reported net income of $23.5 million, or $0.79 per diluted share, for the second quarter of 2026, an increase of 4.2% compared to $22.6 million, or $0.75 per diluted share, in the first quarter of 2026. The parent company of Hanmi Bank achieved a return on average assets of 1.20% and a return on average equity of 11.09% for the quarter. Deposits grew 2.3% sequentially to $6.96 billion, driven by a 5.2% increase in noninterest-bearing deposits, while total assets rose 2.1% to $8.00 billion.

CEO Commentary

"Hanmi delivered another quarter of strong earnings growth, reflecting consistent execution across our business," said Bonnie Lee, President and Chief Executive Officer. "Our capital position remained healthy while returning 58% of earnings to shareholders in the form of dividends and share repurchases. Return on average equity increased to 11.1%, supported by robust deposit growth, solid loan production, lower funding costs, and prudent expense management."

Q2 2026 Financial Performance Summary

The following table summarizes key financial metrics for the second quarter of 2026 compared to prior periods:

Net Interest Income and Margin

Net interest income increased $0.7 million, or 1.0%, to $63.9 million for the second quarter of 2026, from $63.2 million for the first quarter. This increase was principally due to higher interest income on loans and securities. Net interest margin declined by two basis points to 3.36%, driven by lower contributions from loans and FHLB stock. The average yield on loans remained unchanged at 5.90%, while the cost of interest-bearing deposits decreased to 3.17%.

Financial Position: Loans and Deposits

Total loans held for investment were $6.54 billion at June 30, 2026, down 0.2% from the prior quarter. New loan production was $371.9 million for the second quarter at an average rate of 6.59%. Deposits were $6.96 billion at the end of the second quarter, up $154.7 million, or 2.3%, from the prior quarter. Noninterest-bearing demand deposits represented 30.7% of total deposits.

Asset Quality

Asset quality remained strong during the second quarter. Nonperforming assets were $9.9 million, or 0.12% of total assets, at June 30, 2026, compared with $12.4 million, or 0.16% of total assets, at March 31, 2026. The allowance for credit losses was $70.5 million, or 1.08% of loans, at both June 30 and March 31, 2026.

Capital Position and Shareholder Returns

Hanmi returned 58% of second-quarter net earnings to shareholders in the form of $8.3 million in dividends and $5.2 million in share repurchases. During the second quarter, Hanmi repurchased 160,000 shares of common stock at an average price of $30.24. Hanmi Financial's total risk-based capital ratio stood at 15.29% and Hanmi Bank's total risk-based capital ratio was 14.48% at June 30, 2026.