Hanmi Financial Corp. Reports Strong Q4 Earnings, Exceeding Analyst Estimates
LOS ANGELES, Calif. -- Hanmi Financial Corp. (HAFC) reported positive fourth-quarter results on Tuesday, with net income of $17.7 million or 58 cents per share, surpassing Wall Street expectations.
Analysts surveyed by Zacks Investment Research had forecasted earnings of 53 cents per share. The bank's revenue for the period reached $107.5 million, with $60.8 million after interest expenses.
For the full year, Hanmi Financial reported a profit of $62.2 million or $2.05 per share. Revenue for the year stood at $234.4 million.
Hanmi Financial's stock performance can be tracked through the Zacks stock report on HAFC at https://www.zacks.com/ap/HAFC.