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Stockreport

Hanmi Reports Strong Fourth Quarter and Full Year Results Driven by Loan Growth and Expanding Net Interest Income

HANMI FINANCIAL (HAFC)  More Company Research Source: GlobeNewswire
Last hanmi financial earnings: 1/23 04:01 pm Check Earnings Report
PDF 2017 Fourth Quarter and Full Year Highlights:    Fourth quarter net income of $11.5 million, or $0.36 per diluted share Income tax expense for the quarter and year reflects a charge of $3.9 million, or $0.12 per diluted share, from the re-measurement of deferred tax assets due to the change in the Federal corporate tax rate signed into law on December 22, 2017. Fourth quarter net interest income increased to $46.3 million, up 3.2% from the prior quarter; Net interest income for the year was $176.8 million, up 10.4%.Fourth quarter net interest margin, on a taxable equivalent basis, was 3.79%, unchanged from prior quarter and compares to 3.96% from a year agoLoans and leases receivable of $4.3 billion, up 10.4% in the fourth quarter on an annualized basis driven by new loan and lease production of $262.4 million; Loans and leases receivable up 12.0% year-over-year.Deposits of $4.3 billion, up 4.8% in the fourth quarter on an annualized basis; Total deposits were up 14.1% year-over-year [Read more]

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