Hanmi Financial Reports Q3 2026 Growth in Net Interest Income and Loan Production
Hanmi Financial Corporation (HAFC) reported a solid third quarter for 2026, characterized by a net income of $23.7 million and an expansion of the net interest margin to 3.44%. The company saw significant momentum in loan production, which rose 46.2% sequentially, though overall net loan growth was tempered to 0.5% due to elevated payoffs from competitor refinancing and property sales. Strategically, Hanmi's USKC initiative reached a milestone with $1.3 billion in deposits, now representing 19% of total deposits. While the bank proactively downgraded certain multifamily loans due to New York City rent control regulation changes, it maintained disciplined expense management, reflected in an improved efficiency ratio of 52.02%. The company also optimized its capital structure by redeeming $110 million in subordinated debt.
Tickers: $HAFC
Topics: Commercial Real Estate Loans Deposits Loan Production Net Income Net Interest Margin
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Part of the story Citizens Financial Services Reports Growth in Net Income and Interest Income for Q3 2026 (63 articles)