Hanmi Financial (HAFC) Q2 2026 earnings summary

Executive summary

• Net income for Q2 2026 was $23.5 million ($0.79 per diluted share), up 4.2% sequentially and 55.4% year-over-year, driven by higher net interest income, lower credit loss expense, and prudent expense management.

• Return on average assets was 1.20% and return on average equity was 11.09% for the quarter.

• Deposits grew 2.3% sequentially to $7.0 billion, with noninterest-bearing deposits rising 5.2% and now 31% of total deposits.

• Credit quality remained strong, with nonperforming assets at 0.12% of total assets and nonperforming loans at 0.15% of total loans.

• Total assets reached $8.00 billion as of June 30, 2026, up from $7.87 billion at year-end 2025.

Financial highlights

• Net interest income for Q2 2026 was $63.9 million, up 1.0% sequentially and 11.8% year-over-year; net interest margin was 3.36%.

• Noninterest income for Q2 2026 was $8.3 million, down 2.2% sequentially but up 3.4% year-over-year.

• Noninterest expense for Q2 2026 was $39.0 million, up 1.7% sequentially and 7.4% year-over-year.

• Efficiency ratio was 54.07%, reflecting strong operating discipline and improved from 55.74% a year ago.

• Credit loss expense for Q2 2026 was $1.2 million, down from $7.6 million in Q2 2025.

Outlook and guidance

• Management expects low to mid-single digit loan growth for 2026, led by C&I and CRE segments, and stable net interest margin assuming no Fed policy changes.

• SBA loan production is expected to return to a historical run rate of $45 million per quarter in the second half.

• Continued focus on profitable loan growth, core deposit expansion, disciplined expense management, and strong credit culture.

• Management remains optimistic for continued earnings growth in the second half of 2026, citing robust loan and deposit pipelines.

• Forward-looking statements caution on economic, regulatory, and market uncertainties.