HANMI FINANCIAL CORPORATION HAFC Income Statement

Hanmi financial corporation (HAFC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and dividend income:
Interest and fees on loans receivable
225,716	229,402	231,082	229,514	226,350	219,590	213,819	207,723	201,986	195,790	187,394	178,279	170,953	164,642	159,244	154,560	150,830	148,797	146,874	141,320	131,927	122,222	110,831	109,017	109,334	108,804	108,636	106,319	105,721	106,464	109,726	112,300	114,308	117,671	123,190	128,321	0	0	0
Interest on securities
14,860	14,661	14,271	13,740	13,168	12,817	12,734	12,684	12,435	11,850	11,207	10,720	10,657	11,154	11,289	11,472	11,565	12,422	14,305	14,579	13,975	12,638	10,531	9,413	9,138	8,717	8,394	8,346	8,436	8,418	8,259	8,289	9,193	9,768	9,381	8,718	0	0	0
Dividends on FHLB stock
1,147	1,147	1,413	1,413	1,413	1,413	1,147	1,147	1,147	1,232	1,870	2,003	2,299	2,467	2,121	2,309	2,846	2,786	3,037	2,893	2,013	1,767	1,890	1,621	1,532	1,404	576	406	288	209	100	93	84	76	91	94	0	0	0
Tax-exempt interest on securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	332	361	387	394	399	340	278	216	178	216	0	0	0
Interest on deposits in other banks
1,560	1,562	1,264	1,222	798	577	524	496	486	449	379	311	237	208	217	230	221	221	195	156	134	107	137	136	142	209	359	473	508	422	275	208	228	315	408	432	0	0	0
Interest on term federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	706	866	724	574	276	126	88	0	0	0
Interest on federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	-113	-93	-62	60	184	169	147	27	30	41	0	0	0
Dividends on FRB stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	816	772	724	609	492	450	414	458	438	429	0	0	0
Total interest and dividend income
243,283	246,772	248,030	245,889	241,729	234,397	228,224	222,050	216,054	209,321	200,850	191,313	184,146	178,471	172,871	168,571	165,462	164,226	163,975	158,512	147,805	136,734	123,011	120,076	120,112	119,140	119,022	116,797	116,383	117,282	120,301	122,573	125,226	128,807	133,842	138,339	0	0	0
Interest expense:
Interest on deposits
60,164	63,105	62,542	58,241	50,978	43,080	36,345	31,722	28,720	26,089	23,489	20,776	17,997	16,570	15,716	15,239	15,357	15,410	15,371	14,768	14,119	13,560	12,954	12,793	12,740	12,678	12,742	13,264	14,117	15,877	17,812	19,903	22,142	23,958	26,956	30,039	0	0	0
Interest on borrowings
1,188	763	859	1,792	2,792	3,400	3,364	2,262	1,311	1,100	921	902	1,152	879	688	510	215	76	97	133	159	151	151	150	161	151	154	158	160	165	170	176	372	662	960	1,253	0	0	0
Interest on subordinated debentures
6,972	7,032	7,047	7,039	7,003	6,925	6,848	6,766	6,674	5,353	3,916	2,455	1,015	825	754	706	661	623	527	369	0	-	0	0	-	678	981	1,785	2,498	2,703	3,167	3,102	3,016	2,915	2,887	2,840	0	0	0
Interest on rescinded stock obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest on other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0
Total interest expense
68,324	70,900	70,448	67,036	60,752	53,384	46,513	40,742	36,682	32,519	28,326	24,133	20,164	18,274	17,158	16,455	16,233	16,109	16,084	15,519	14,745	14,033	13,265	12,943	12,985	13,507	13,877	15,207	16,775	18,745	21,243	23,275	25,625	27,630	30,826	34,186	0	0	0
Net interest income before credit loss expense
174,959	175,872	177,582	178,853	180,977	181,013	181,711	181,308	179,372	176,802	172,524	167,180	163,982	160,197	155,713	152,116	149,229	148,117	147,891	142,993	133,060	122,701	109,746	107,133	107,127	105,633	105,145	101,590	99,608	98,537	99,058	99,298	99,601	101,177	103,016	104,153	0	0	0
Credit loss expense
44,792	30,170	22,459	21,057	4,458	3,990	1,169	1,238	1,560	831	762	-957	-2,894	-4,339	-8,324	-10,578	-11,466	-11,614	-21,156	-17,500	-11,231	-6,258	0	0	0	-	-	-	-	6,000	14,100	0	0	-	0	-	-	0	0
Net interest income after credit loss expense
130,167	145,702	155,123	157,796	176,519	177,023	180,542	180,070	177,812	175,971	171,762	168,137	166,876	164,536	164,037	162,694	160,695	159,731	154,811	146,161	137,691	128,959	116,288	113,723	109,851	105,057	105,145	101,590	95,608	92,537	89,058	81,198	85,501	89,077	72,916	44,653	0	0	0
Noninterest income:
Service charges on deposit accounts
9,993	9,951	10,010	10,005	9,847	10,000	10,081	10,246	10,379	10,396	10,265	10,470	10,907	11,380	11,924	12,419	12,690	12,900	13,207	12,712	12,111	11,374	10,570	10,417	10,733	11,307	11,853	11,974	12,026	12,146	12,137	12,511	12,853	12,826	13,086	13,463	0	0	0
Bargain purchase gain, net of deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance commissions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	4,719	4,567	4,476	4,500	4,492	4,758	0	0	0
Trade finance and other service charges and fees
4,648	4,786	4,685	4,622	4,567	4,616	4,496	4,501	4,621	4,495	4,581	4,440	4,235	4,232	4,232	4,355	4,400	4,623	5,680	5,718	5,775	4,946	5,713	5,041	4,416	4,475	2,078	2,073	2,019	1,976	1,912	1,905	1,917	1,925	1,914	1,968	0	0	0
Trade finance fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1,083	1,109	1,125	1,140	1,197	1,264	1,300	1,305	1,347	1,418	0	0	0
Other service charges and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1,476	1,488	1,533	1,499	1,462	1,490	1,478	1,447	1,499	1,482	0	0	0
Bank-owned life insurance income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	931	936	941	1,110	1,111	1,113	1,108	939	937	935	0	0	0
Gain on sale of Small Business Administration ("SBA") loans
5,479	5,251	4,737	4,084	4,432	4,954	6,026	7,458	8,718	8,734	8,464	7,534	6,640	6,034	8,119	8,124	7,923	8,749	6,106	5,706	4,631	3,494	4,202	3,975	5,855	8,000	7,836	12,315	0	-	0	0	-	-	0	-	0	0	0
Other-than-temporary impairment loss on investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	0	-
Disposition gains on Purchased Credit Impaired (PCI) loans
-	-	-	-	-	-	-	-	-	-	3,261	3,071	4,494	-	5,552	9,097	9,604	10,167	8,026	3,692	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sales of securities
-	1,295	1,296	1,315	812	-341	-68	180	1,051	1,748	1,474	1,253	315	46	513	2,515	4,427	6,611	6,303	4,322	2,774	2,011	1,968	2,512	2,451	1,039	927	326	1,404	1,396	3,096	3,016	0	-	0	0	-	0	-
Net loss on sales of other loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18,272	-17,757	-11,971	-9,481	11,291	10,699	0	-	0	0	-	-	-
Less: Portion of Loss Recognized in Other Comprehensive Income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	-
Net Impairment Loss Recognized in Earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Other operating income
6,831	6,269	6,414	6,471	5,055	5,291	7,068	6,840	7,673	8,042	10,727	11,862	11,710	11,383	6,726	5,443	4,669	4,552	4,579	5,224	5,216	4,462	5,455	4,161	3,517	3,079	2,348	2,072	1,974	1,996	657	635	740	751	682	670	0	0	0
Total noninterest income
27,521	27,552	27,142	26,497	24,713	24,520	25,901	28,502	32,259	33,415	33,802	33,660	33,331	33,075	37,066	41,953	43,713	47,602	44,527	52,577	46,932	42,296	40,059	24,507	25,757	27,900	25,225	25,686	26,137	21,413	23,690	23,148	21,976	23,851	23,174	23,872	0	0	0
Noninterest expense:
Salaries and employee benefits
69,911	67,900	65,993	65,899	66,471	69,435	70,861	70,372	69,542	67,944	66,921	65,924	65,362	63,956	62,550	62,697	62,178	62,864	64,814	61,564	56,302	50,177	41,425	37,679	36,037	35,129	33,281	33,328	34,139	33,898	37,140	36,138	35,451	35,465	35,584	36,449	0	0	0
Occupancy and equipment
17,018	17,064	16,622	15,779	16,393	15,944	15,836	16,034	15,830	15,740	15,384	15,418	15,478	14,992	15,299	16,278	16,564	17,371	17,755	15,957	14,202	12,295	10,377	9,840	9,857	10,017	9,941	10,003	10,138	10,177	10,372	10,354	10,383	10,353	10,522	10,591	0	0	0
Unconsummated acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Deposit insurance premiums and regulatory assessments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	2,308	2,283	3,264	4,431	4,813	6,082	5,961	6,630	7,252	9,775	0	0	0
Data processing
9,341	8,755	8,526	7,861	7,275	6,870	6,789	6,823	7,007	6,960	6,602	6,153	5,869	5,674	5,656	5,744	5,625	6,321	7,219	7,277	7,054	6,080	4,881	4,551	4,570	4,582	4,594	4,659	4,826	4,909	5,094	5,266	5,455	5,601	5,715	5,819	0	0	0
Professional fees
9,326	9,060	8,427	7,227	6,458	6,178	5,761	5,345	5,685	5,464	5,223	5,103	5,058	5,374	5,986	6,836	7,028	7,905	10,760	10,206	9,157	7,564	3,002	2,215	3,927	5,335	6,855	7,368	6,093	4,686	4,063	4,098	4,147	4,187	3,827	3,702	0	0	0
Directors and officers liability insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	956	1,033	1,109	1,186	1,624	2,065	2,503	2,940	2,920	2,899	0	0	0
Supplies and communications
2,873	2,936	3,016	3,095	3,139	3,003	2,983	2,933	2,985	2,912	2,818	2,884	2,848	2,949	3,210	3,269	3,488	3,582	3,526	3,274	2,941	2,612	2,252	2,157	2,161	2,155	2,048	2,184	2,161	2,224	2,340	2,383	2,303	2,323	2,469	2,331	0	0	0
Advertising and promotion
3,771	3,797	3,949	3,836	3,925	4,041	3,712	4,045	4,026	3,952	4,105	4,111	4,190	3,910	4,111	4,248	4,200	4,201	4,151	3,670	3,377	3,435	3,009	3,239	3,320	3,411	3,148	3,132	3,307	3,236	3,521	3,129	3,028	2,993	2,672	2,544	0	0	0
Merger and integration costs (income)
-	-	-	-	-	-	-	-	-	-	0	0	-	312	224	224	360	1,971	4,821	8,236	8,172	6,646	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
OREO expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	399	551	355	307	1,315	349	362	-49	-747	-65	-85	-59	-80	331	420	344	448	10	747	1,620	4,129	5,933	0	0	0
Loan-related expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	403	476	473	527	648	706	802	827	953	1,041	0	0	0
Amortization of other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	34	288	408	553	700	842	982	0	0	0
Expense related to unconsummated capital offerings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Other operating expenses
15,669	16,394	13,735	12,972	12,374	11,256	11,622	11,664	11,584	11,170	10,164	11,228	10,743	11,056	13,021	10,994	10,206	10,806	10,741	11,329	11,408	9,911	9,632	8,859	8,401	9,141	5,029	5,120	5,098	4,959	8,211	7,971	8,180	8,189	7,773	8,505	0	0	0
Total noninterest expense
127,909	125,906	121,114	117,515	116,881	117,573	117,533	117,185	116,619	114,102	110,799	110,476	109,395	108,223	110,456	110,841	110,004	115,328	124,391	121,151	112,264	98,671	76,451	68,605	69,073	70,441	68,708	69,876	71,032	70,611	78,562	78,610	81,733	84,048	86,878	92,791	0	0	0
Income before tax
29,779	47,348	61,151	66,778	84,351	83,970	88,910	91,387	93,452	95,284	94,765	91,321	90,812	89,388	90,647	93,806	94,404	92,005	74,947	77,587	72,359	72,584	79,896	69,625	66,535	62,516	61,662	57,400	50,713	43,339	34,186	25,736	25,744	28,880	9,212	-24,266	0	0	0
Income tax expense
9,260	14,560	19,978	21,978	26,678	26,102	30,973	34,563	37,720	40,624	37,186	35,544	35,344	32,899	33,748	36,069	36,831	38,182	30,023	24,822	22,069	22,379	25,586	26,800	25,892	22,732	18,148	10,922	-42,213	-46,818	-47,715	-47,089	693	733	1,148	1,130	0	0	0
Income from continuing operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,205	54,593	42,120	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Income from operations of discontinued subsidiaries (including gain on disposal of $51 in the second quarter of 2014)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37	148	392	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	481	523	607	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-444	-375	-215	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Net income
20,466	32,788	41,088	44,793	57,685	57,868	57,981	56,823	55,732	54,660	57,579	55,777	55,468	56,489	56,899	57,737	57,573	53,823	44,925	52,766	49,824	49,761	53,708	42,293	40,738	39,857	43,911	46,805	93,093	90,324	81,901	72,825	25,051	28,147	8,064	-25,396	0	0	0
Basic earnings per share:
Income from continuing operations, net of taxes (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.18	0.69	0.36	0.35	-	0.33	0.30	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of taxes (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.01	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Basic earnings per share
0.08	0.09	0.40	0.09	0.48	0.36	0.50	0.48	0.46	0.36	0.46	0.45	0.43	0.45	0.41	0.44	0.46	0.46	0.44	0.44	0.35	0.18	0.69	0.35	0.35	0.31	0.33	0.30	0.32	0.45	0.42	1.77	0.23	0.19	0.22	0.42	0.55	-0.12	-0.57
Diluted earnings per share:
Income from continuing operations, net of taxes (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.19	0.68	0.36	0.34	-	0.33	0.29	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations, net of taxes (in usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	-0.01	0.00	-	-	0.01	-	-	-	-	-	-	-	-	-	-	-
Diluted earnings per share
0.08	0.09	0.40	0.09	0.48	0.35	0.50	0.48	0.46	0.35	0.46	0.45	0.43	0.44	0.41	0.44	0.46	0.45	0.44	0.44	0.35	0.19	0.68	0.35	0.34	0.31	0.33	0.30	0.32	0.45	0.42	1.77	0.23	0.19	0.22	0.42	0.55	-0.12	-0.57
Weighted-average shares outstanding:
Basic
30,469	30,718	30,830	30,685	30,667	31,210	32,155	32,189	32,145	32,111	32,095	32,078	32,001	31,956	31,912	31,882	31,846	31,831	31,799	31,774	31,747	31,735	31,708	31,681	31,659	31,644	31,621	31,590	31,538	-31,407,569	31,475	31,475	31,470,520	-18,844,630	18,888,474	18,888	18,882	122,789	51,036
Diluted
30,472	30,734	30,859	30,727	30,720	31,292	32,275	32,336	32,301	32,309	32,255	32,243	32,191	32,148	32,088	32,029	31,928	31,662	31,909	31,908	32,026	32,002	32,001	31,974	31,934	31,770	31,733	31,655	31,626	-31,426,551	31,545	31,499	31,489,569	-18,863,425	18,907,299	18,907	18,910	122,789	51,036
DIVIDENDS DECLARED PER SHARE
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00