Hanmi reported second-quarter 2026 net income of $23.5 million, or $0.79 per diluted share, up from $22.6 million in Q1. Return on average assets was 1.20% and return on average equity was 11.09% for the quarter, while tangible common equity to tangible assets was 10.03%. Total deposits grew 2.3% sequentially to $6.96 billion and net interest income rose to $63.9 million.
Financial Highlights
- Net income: $23.5 million for Q2 2026 (up from $22.6 million in Q1 2026).
- Net income per diluted common share: $0.79 for Q2 2026.
- Net interest income: $63.857 million for Q2 2026 (1.0% increase from prior quarter).
- Total deposits: $6.955 billion at June 30, 2026, a 2.3% increase from March 31, 2026.
- Tangible common equity to tangible assets: 10.03% at June 30, 2026; tangible common equity per share: $27.04.
Business Highlights
- Deposit mix improved with noninterest-bearing demand deposits rising to $2.135 billion, representing 30.7% of total deposits and increasing 5.2% sequentially.
- Loan production remained steady: new loan production of $371.9 million in Q2 2026 across commercial real estate, C&I, residential and equipment finance.
- Credit quality remained strong: nonperforming assets fell to 0.12% of total assets and nonperforming loans to 0.15% of total loans.
- Capital actions: returned 58% of quarterly earnings to shareholders via $8.3 million in dividends and $5.2 million in share repurchases (160,000 shares bought at an average $30.24).
- Operational drivers: sequential growth in commercial real estate and commercial & industrial lending supported higher net interest income; continued diversification of loan portfolio noted by management.
Original SEC Filing:
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