Hanmi Financial: 2Q24 net income fell 4.7% to $14.5 million, or $0.48 per diluted share
Hanmi Financial furnished a September 2024 investor presentation with 2Q24 results, showing net income of $14.5 million, or $0.48 per diluted share, down 4.7% from $15.2 million, or $0.50 per share, in the prior quarter. Net interest income fell 4.0% to $48.6 million and net interest margin fell to 2.69%, both attributed to higher interest-bearing deposit costs. The presentation references an earnings release dated July 23, 2024, and the company reports a $0.25 per share cash dividend.
- Net income $14.5 million, or $0.48 per diluted share, versus $15.2 million, or $0.50, in 1Q24
- Net interest income $48.6 million, down 4.0%; net interest margin 2.69%, with cost of interest-bearing deposits at 4.27%, up 11 basis points
- Noninterest income $8.1 million, up 4.2%; noninterest expense $35.3 million, down 3.2%
- Cash dividend of $0.25 per share; tangible book value per share $22.99 at 2Q24