Hanmi Q4 profit rises to $17.7 million; 2024 net income falls to $62.2 million
Hanmi Financial reported fourth-quarter 2024 net income of $17.7 million, or $0.58 per diluted share, up from $14.9 million, or $0.49, in the third quarter of 2024. Full-year 2024 net income was $62.2 million, or $2.05 per diluted share, down from $80.0 million, or $2.62, in 2023, so the sequential quarterly gain did not offset the annual decline for shareholders.
Key points
- Q4 2024 net interest margin rose 17 basis points to 2.91%, and net interest income rose 6.8% from Q3 to $53.4 million.
- Full-year 2024 net interest income was $202.8 million, down 8.4% from $221.3 million in 2023.
- Q4 2024 net income of $17.7 million compared with $18.6 million in Q4 2023.
- Nonperforming assets were 0.19% of total assets at December 31, 2024, down from 0.21% at September 30, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 28, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.