WallStSmart
HAFC

Hanmi Financial Corporation

NASDAQ: HAFC · FINANCIAL SERVICES · BANKS - REGIONAL

$29.38
-0.10% today

Updated 2026-06-05

Market cap
$905.79M
P/E ratio
11.35
P/S ratio
3.43x
EPS (TTM)
$2.68
Dividend yield
3.58%
52W range
$21 – $31
Volume
0.2M

Hanmi Financial Corporation (HAFC) Financial statements

SEC filings — annual and quarterly data.

Income statement — annual

Item20062007200820092010201120122013201420152016201720182019202020212022202320242025
Revenue$297.15M$321.98M$273.45M$216.26M$168.77M$151.83M$138.17M$147.04M$164.45M$211.83M$211.55M$242.74M$258.92M$273.09M$265.56M$256.80M$308.01M$397.56M$429.51M$444.74M
Revenue growth (YoY)+8.4%-15.1%-20.9%-22.0%-10.0%-9.0%+6.4%+11.8%+28.8%-0.1%+14.7%+6.7%+5.5%-2.8%-3.3%+19.9%+29.1%+8.0%+3.5%
Cost of revenue$114.12M$167.43M$179.46M$279.31M$161.13M$39.73M$24.75M$14.08M$7.78M$4.50M$13.94M$33.35M$57.37M$101.07M$88.42M$-2.78M$37.00M$152.40M$200.43M$189.18M
Gross profit$183.03M$154.54M$93.99M$-63.05M$7.64M$112.10M$113.42M$132.96M$156.68M$207.33M$197.61M$209.39M$201.54M$172.02M$177.14M$259.58M$271.01M$245.16M$229.08M$255.56M
Gross margin61.6%48.0%34.4%-29.2%4.5%73.8%82.1%90.4%95.3%97.9%93.4%86.3%77.8%63.0%66.7%101.1%88.0%61.7%53.3%57.5%
R&D$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
SG&A$40.51M$47.04M$54.64M$53.34M$50.35M$45.03M$39.52M$35.13M$50.18M$62.86M$63.96M$67.94M$69.44M$67.90M$66.99M$72.56M$76.14M$81.40M$83.37M$7.51M
Operating income$105.72M$-36.46M$-103.45M$-153.40M$-88.02M$28.88M$43.34M$62.52M$72.58M$92.00M$89.39M$95.28M$83.97M$47.35M$59.49M$135.49M$140.73M$114.58M$88.61M$107.93M
Operating margin35.6%-11.3%-37.8%-70.9%-52.2%19.0%31.4%42.5%44.1%43.4%42.3%39.3%32.4%17.3%22.4%52.8%45.7%28.8%20.6%24.3%
EBITDA$112.59M$-28.92M$-98.59M$-149.22M$-84.59M$31.74M$50.82M$69.19M$81.28M$109.85M$103.97M$108.14M$95.08M$56.88M$70.45M$151.58M$153.11M$121.37M$95.07M$113.58M
EBITDA margin37.9%-9.0%-36.1%-69.0%-50.1%20.9%36.8%47.1%49.4%51.9%49.1%44.5%36.7%20.8%26.5%59.0%49.7%30.5%22.1%25.5%
EBIT$105.72M$-36.46M$-103.45M$-153.40M$-88.02M$28.88M$43.34M$62.52M$72.58M$92.00M$89.39M$95.28M$83.97M$47.35M$59.49M$135.49M$140.73M$114.58M$88.61M$107.93M
Interest expense$106.95M$129.11M$103.78M$82.92M$38.64M$27.63M$18.75M$13.51M$14.03M$16.11M$18.27M$32.52M$53.38M$70.90M$42.97M$21.63M$36.17M$148.06M$196.01M$174.74M
Income tax
Effective tax rate0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net income$65.35M$-60.76M$-102.09M$-122.28M$-88.01M$28.15M$90.32M$39.86M$49.76M$53.82M$56.49M$54.66M$57.87M$32.79M$42.20M$98.68M$101.39M$80.04M$62.20M$76.09M
Net income growth (YoY)-193.0%-68.0%-19.8%+28.0%+132.0%+220.9%-55.9%+24.8%+8.2%+5.0%-3.2%+5.9%-43.3%+28.7%+133.9%+2.8%-21.1%-22.3%+22.3%
Profit margin22.0%-18.9%-37.3%-56.5%-52.1%18.5%65.4%27.1%30.3%25.4%26.7%22.5%22.4%12.0%15.9%38.4%32.9%20.1%14.5%17.1%

Frequently asked questions

What is Hanmi Financial Corporation's revenue?

Hanmi Financial Corporation's trailing twelve-month revenue is $264.48M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.

How profitable is HAFC?

In its most recent fiscal year, HAFC ran a gross margin of 57.46%, an operating margin of 24.27%, and a net margin of 17.11%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.

How much free cash flow does HAFC generate?

HAFC produced $203.70M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.

Is HAFC's balance sheet healthy?

HAFC holds $212.84M in cash and equivalents against $130.46M in long-term debt, on $796.39M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.