Hanmi Financial Corporation (NASDAQ: HAFC) has announced an increase in its cash dividend for the 2026 first quarter, with the dividend on its common stock rising by 4% to $0.28 per share from the prior quarter. This dividend is set to be paid on February 25, 2026, to stockholders of record as of the close of business on February 9, 2026.
Additionally, the company has expanded its existing share repurchase authorization by 1.5 million, bringing the total repurchase capacity to approximately 2.3 million shares of common stock in the aggregate. This represents an increase from the previous remaining 837 thousand shares and now accounts for approximately 7.8% of shares outstanding as of December 31, 2025.
Bonnie Lee, President and CEO of Hanmi Financial Corporation, expressed confidence in the company's financial strength and outlook, attributing the dividend increase to the board's belief in Hanmi's momentum. The expansion of the repurchase authorization underscores the company's commitment to enhancing stockholder returns and reflects the compelling value seen in its stock.
Headquartered in Los Angeles, California, Hanmi Financial Corporation operates Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches, five loan production offices, and three loan centers across several states. Hanmi Bank specializes in real estate, commercial, SBA, and trade finance lending to small and middle-market businesses. Following these announcements, the company's shares moved -0.76%, and are now trading at a price of $28.64. Check out the company's full 8-K submission here.
