Hanmi Financial Reports Third Quarter 2026 Earnings Growth and Strategic Debt Reduction
Hanmi Financial (HAFC) reported strong third-quarter 2026 results, highlighted by a 10.8% sequential growth in pre-provision net revenue. The bank's specialized Corporate Korea unit successfully expanded low-cost deposit balances by $145 million to reach over $1.3 billion, enhancing liquidity and reducing reliance on expensive wholesale funding. Management has taken proactive steps to manage credit risk and interest expenses. By accepting immediate charge-offs on troubled commercial real estate loans, the bank maintained nonperforming assets at a low 0.12% of total assets. Additionally, Hanmi reduced annual interest expenses by $550,000 through the redemption of subordinated notes and the use of interest rate swaps to mitigate volatility.
Tickers: $HAFC
Topics: banking operations commercial real estate deposit expansion earnings report revenue growth