Hanmi Financial Corp - Understand $hafc stock

$HAFC Market Cap: $777.3 Million

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Financial Snapshot

Revenue

$298.7M

TTM

Gross Margin

Net Earnings

$63.02M

TTM

Current Assets

Current Liabilities

$141.8M

Q3 2024

Current Ratio

Total Assets

$7.712B

Q3 2024

Total Liabilities

$6.976B

Q3 2024

Book Value

$736.7M

Q3 2024

Cash

$287.8M

Q3 2024

P/E

12.33

Nov 29, 2024 EST

Free Cash Flow

$41.91M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Revenue	$369.3M	$273.8M	$216.7M	$223.9M	$246.8M	$234.4M	$209.3M	$178.5M	$164.2M	$136.7M	$119.1M	$117.3M	$128.8M	$144.5M
YoY Change	34.88%	26.37%	-3.21%	-9.28%	5.28%	11.98%	17.29%	8.67%	20.11%	14.77%	1.58%	-8.95%	-10.87%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$369.3M	$273.8M	$216.7M	$223.9M	$246.8M	$234.4M	$209.3M	$178.5M	$164.2M	$136.7M	$119.1M	$117.3M	$128.8M	$144.5M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$3.300M	$3.900M	$4.400M	$4.000M	$3.300M	$2.600M	$2.900M	$2.900M	$3.100M	$2.200M	$1.900M	$2.100M	$2.200M	$2.300M	$4.200M	$4.900M	$5.300M	$5.300M	$5.500M	$4.300M	$1.800M	$1.400M	$1.300M	$600.0K	$1.600M	$1.500M
YoY Change	-15.38%	-11.36%	10.0%	21.21%	26.92%	-10.34%	0.0%	-6.45%	40.91%	15.79%	-9.52%	-4.55%	-4.35%	-45.24%	-14.29%	-7.55%	0.0%	-3.64%	27.91%	138.89%	28.57%	7.69%	116.67%	-62.5%	6.67%	200.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$148.1M	$36.17M	$21.63M	$42.97M	$70.90M	$53.38M	$32.52M	$18.27M	$16.11M	$14.03M	$13.51M	$18.75M	$27.63M	$38.64M
YoY Change	309.38%	67.24%	-49.67%	-39.4%	32.81%	64.16%	77.95%	13.44%	14.79%	3.89%	-27.94%	-32.16%	-28.49%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Pretax Income	$114.6M	$140.7M	$135.5M	$59.50M	$47.35M	$83.97M	$95.28M	$89.39M	$92.01M	$72.58M	$62.52M	$43.34M	$28.88M	-$88.02M	-$153.4M	-$103.4M	-$36.50M	$105.7M	$94.70M	$59.70M	$31.60M	$26.00M	$27.50M	$26.30M	$20.70M	$14.50M
YoY Change	-18.58%	3.86%	127.75%	25.65%	-43.61%	-11.87%	6.6%	-2.84%	26.76%	16.1%	44.25%	50.07%	-132.81%	-42.62%	48.36%	183.29%	-134.53%	11.62%	58.63%	88.92%	21.54%	-5.45%	4.56%	27.05%	42.76%	15.08%
Income Tax	$34.54M	$39.33M	$36.82M	$17.30M	$14.56M	$26.10M	$40.62M	$32.90M	$38.18M	$22.38M	$22.73M	-$46.82M	$733.0K	-$12.00K	-$31.10M	-$1.400M	$24.30M	$40.40M	$36.50M	$23.00M	$12.40M	$9.000M	$10.70M	$10.80M	$8.700M	$5.200M
% Of Pretax Income	30.14%	27.95%	27.17%	29.08%	30.75%	31.08%	42.63%	36.8%	41.5%	30.83%	36.36%	-108.03%	2.54%					38.22%	38.54%	38.53%	39.24%	34.62%	38.91%	41.06%	42.03%	35.86%
Net Earnings	$80.04M	$101.4M	$98.68M	$42.20M	$32.79M	$57.87M	$54.66M	$56.49M	$53.82M	$49.76M	$39.86M	$90.32M	$28.15M	-$88.01M	-$122.3M	-$102.1M	-$60.80M	$65.40M	$58.20M	$36.70M	$19.20M	$17.00M	$16.80M	$15.50M	$12.00M	$9.300M
YoY Change	-21.06%	2.75%	133.85%	28.69%	-43.34%	5.87%	-3.24%	4.95%	8.16%	24.85%	-55.87%	220.9%	-131.98%	-28.04%	19.78%	67.93%	-192.97%	12.37%	58.58%	91.15%	12.94%	1.19%	8.39%	29.17%	29.03%	13.41%
Net Earnings / Revenue	21.67%	37.03%	45.54%	18.85%	13.29%	24.69%	26.11%	31.65%	32.77%	36.39%	33.45%	77.01%	21.85%	-60.9%
Basic Earnings Per Share	$2.63	$3.33	$3.22	$1.38	$1.06	$1.80	$1.70	$1.76	$1.69	$1.57	$1.26	$2.87	$1.38	-$7.46
Diluted Earnings Per Share	$2.62	$3.32	$3.22	$1.38	$1.06	$1.79	$1.69	$1.75	$1.68	$1.56	$1.26	$2.87	$1.38	-$7.46	-$20.73M	-$17.91M	-$10.13M	$10.55M	$9.387M	$6.796M	$5.333M	$4.857M	$4.800M	$4.559M	$3.529M	$3.207M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$64.36M	$63.25M	$71.10M	$78.60M	$62.60M	$27.80M	$26.70M	$28.70M	$29.80M	$30.90M	$14.20M	$15.20M	$16.60M	$17.60M	$18.70M	$20.30M	$20.80M	$20.10M	$20.80M	$19.70M	$8.400M	$8.200M	$7.800M	$6.700M	$8.900M	$9.100M
YoY Change	1.75%	-11.04%	-9.54%	25.56%	125.18%	4.12%	-6.97%	-3.69%	-3.56%	117.61%	-6.58%	-8.43%	-5.68%	-5.88%	-7.88%	-2.4%	3.48%	-3.37%	5.58%	134.52%	2.44%	5.13%	16.42%	-24.72%	-2.2%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$35.23M	$51.92M	$44.10M	$42.70M	$36.80M	$27.40M	$32.50M	$46.30M	$52.10M	$70.20M	$51.90M			$0.00	$3.600M	$29.50M	$18.50M	$13.10M	$9.700M	$5.000M	$7.200M	$4.200M	$4.300M	$5.100M	$5.600M	$2.400M
YoY Change	-32.16%	17.74%	3.28%	16.03%	34.31%	-15.69%	-29.81%	-11.13%	-25.78%	35.26%				-100.0%	-87.8%	59.46%	41.22%	35.05%	94.0%	-30.56%	71.43%	-2.33%	-15.69%	-8.93%	133.33%
Total Long-Term Assets
YoY Change
Total Assets	$7.570B	$7.378B	$6.859B	$6.202B	$5.538B	$5.502B	$5.211B	$4.701B	$4.235B	$4.232B	$3.054B	$2.883B	$2.745B	$2.907B	$3.163B	$3.876B	$3.984B	$3.725B	$3.414B	$3.104B	$1.787B	$1.456B	$1.159B	$1.035B	$740.3M	$650.8M
YoY Change
Accounts Payable	$39.31M	$7.792M	$1.200M	$4.600M	$11.20M	$11.40M	$5.300M	$2.600M	$3.200M	$4.400M	$3.400M	$11.80M	$16.00M	$16.00M	$12.60M	$18.50M	$21.80M	$22.60M	$11.90M	$7.100M	$4.400M	$3.400M	$4.700M	$6.400M	$3.200M	$3.200M
YoY Change	404.44%	549.33%	-73.91%	-58.93%	-1.75%	115.09%	103.85%	-18.75%	-27.27%	29.41%	-71.19%	-26.25%	0.0%	26.98%	-31.89%	-15.14%	-3.54%	89.92%	67.61%	61.36%	29.41%	-27.66%	-26.56%	100.0%	0.0%
Accrued Expenses	$92.93M	$85.15M	$75.20M	$75.00M	$56.30M	$18.10M	$26.00M	$19.90M	$29.10M	$39.50M	$8.900M	$9.700M	$10.90M	$12.90M
YoY Change	9.15%	13.23%	0.27%	33.21%	211.05%	-30.38%	30.65%	-31.62%	-26.33%	343.82%	-8.25%	-11.01%	-15.5%
Deferred Revenue
YoY Change
Short-Term Debt													$0.00	$1.600M	$1.700M	$800.0K		$900.0K	$2.800M	$2.900M	$3.100M	$3.300M	$2.900M	$2.300M	$10.40M	$200.0K
YoY Change													-100.0%	-5.88%	112.5%			-67.86%	-3.45%	-6.45%	-6.06%	13.79%	26.09%	-77.88%	5100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$132.2M	$92.94M	$76.40M	$79.60M	$67.50M	$29.50M	$31.30M	$22.50M	$32.30M	$43.90M	$12.30M	$21.50M	$26.90M	$28.90M	$12.60M	$18.50M	$21.80M	$22.60M	$11.90M	$7.100M	$4.400M	$3.400M	$4.700M	$6.400M	$3.200M	$3.200M
YoY Change	42.29%	21.65%	-4.02%	17.93%	128.81%	-5.75%	39.11%	-30.34%	-26.42%	256.91%	-42.79%	-20.07%	-6.92%	129.37%	-31.89%	-15.14%	-3.54%	89.92%	67.61%	61.36%	29.41%	-27.66%	-26.56%	100.0%	0.0%
Long-Term Debt	$130.0M	$129.4M	$215.0M	$119.0M	$118.4M	$117.8M	$117.3M	$19.00M	$18.70M	$18.50M	$0.00	$82.40M	$82.40M	$82.40M	$82.40M	$82.40M	$82.40M	$82.40M	$82.40M	$82.40M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.47%	-39.81%	80.67%	0.51%	0.51%	0.43%	517.37%	1.6%	1.08%		-100.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Other Long-Term Liabilities								$3.100M	$6.100M	$8.000M	$100.0K
YoY Change								-49.18%	-23.75%	7900.0%
Total Long-Term Liabilities	$130.0M	$129.4M	$215.0M	$119.0M	$118.4M	$117.8M	$117.3M	$22.10M	$24.80M	$26.50M	$100.0K	$82.40M	$82.40M	$82.40M	$82.40M	$82.40M	$82.40M	$82.40M	$82.40M	$82.40M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	0.47%	-39.81%	80.67%	0.51%	0.51%	0.43%	430.77%	-10.89%	-6.42%	26400.0%	-99.88%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Total Liabilities	$6.868B	$6.741B	$6.215B	$5.625B	$4.975B	$4.950B	$4.648B	$4.170B	$3.741B	$3.779B	$2.654B	$2.504B	$2.459B	$2.734B	$3.013B	$3.612B	$3.613B	$3.238B	$2.988B	$2.704B	$1.648B	$1.332B	$1.054B	$948.2M	$672.4M	$591.8M
YoY Change	1.89%	8.46%	10.5%	13.06%	0.51%	6.49%	11.45%	11.49%	-1.02%	42.38%	5.99%	1.83%	-10.05%	-9.26%	-16.58%	-0.03%	11.58%	8.39%	10.47%	64.13%	23.72%	26.37%	11.15%	41.02%	13.62%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	30.27M	30.30M	30.39M	30.28M	30.73M	31.92M	32.07M	31.90M shares	31.79M shares	31.70M shares	31.60M shares	31.48M shares	20.40M shares	11.79B shares
Diluted Shares Outstanding	30.33M	30.39M	30.47M	30.28M	30.76M	32.05M	32.25M	32.05M shares	31.88M shares	31.98M shares	31.70M shares	31.52M shares	20.42M shares	11.79B shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $777.25 Million

About HANMI FINANCIAL CORP

Hanmi Financial Corp. is a holding company, which engages in the provision of commercial banking and financial services. The company is headquartered in Los Angeles, California and currently employs 609 full-time employees. The Bank serves multi-ethnic communities through its network of 35 full-service branches and eight loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington and Georgia. The Bank is a California state-chartered financial institution. The Bank specializes in real estate, commercial, small business administration (SBA) and trade finance lending to small and middle market businesses. The Bank originates loans for its own portfolio and for sale in the secondary market. Its lending activities include real estate loans (commercial property, construction and residential property), commercial and industrial loans (commercial term, commercial lines of credit and international), equipment lease financing and SBA loans. The Bank maintains a small construction portfolio for multifamily and commercial and industrial properties within its market areas.

Industry: National Commercial Banks Peers: Amalgamated Financial Corp. Bank First Corp COMMUNITY TRUST BANCORP INC /KY/ FARMERS & MERCHANTS BANCORP FIRST BANCSHARES INC /MS/ GREAT SOUTHERN BANCORP, INC. Metropolitan Bank Holding Corp. PNC FINANCIAL SERVICES GROUP, INC. REPUBLIC BANCORP INC /KY/ UNIVEST FINANCIAL Corp