Hanmi Financial’s second-quarter 2026 presentation showed a bank that has kept growing its balance sheet while holding credit costs and problem assets near low levels.
Total loans reached $7.0 billion at June 30, 2026, up from $6.54 billion in the loan composition slide and $6.67 billion in average loans for 2025. Average loans were $6.44 billion in 2Q26, compared with $6.31 billion in 2025 and $2.16 billion in 2013, a 9% compound annual growth rate since 2013.
Deposits also rose over the longer term. Average deposits were $6.67 billion in 2Q26, versus $6.57 billion in 2025 and $2.39 billion in 2013. Average noninterest-bearing deposits were $1.95 billion in 2Q26, equal to 29% of average deposits, compared with 27% in 2013. The bank said average deposits have grown at a 9% CAGR since 2013, while average noninterest-bearing deposits have grown at an 8% CAGR.
Net income for 2Q26 year-to-date was $46 million, down from $76 million in 2025 and $62 million in 2024. Earnings had been $80 million in 2023, $101 million in 2022, and $99 million in 2021. Earnings per share were $1.54 for 2Q26 YTD, versus $2.51 in 2025 and $2.05 in 2024.
Net interest income was $127 million in 2Q26 YTD, down from $236 million in 2025 and $203 million in 2024. Net interest margin was 3.37% in 2Q26 YTD, up from 3.15% in 2025 and 2.78% in 2024, but below 3.50% in 2022. In the earlier years shown, NII was $109 million in 2013, $123 million in 2014, and $238 million in 2022.
Noninterest income was $17 million in 2Q26 YTD, down from $34 million in 2025 and $32 million in 2024. The slide showed this category at $48 million in 2013, $43 million in 2019, and $34 million in 2021. Noninterest expense was $77 million in 2Q26 YTD, below $148 million in 2025 and $141 million in 2024, but above $78 million in 2013.
Credit metrics remained tight. The allowance for credit losses was $70 million in 2Q26, unchanged from 2024 and 2025, while the allowance-to-total-loans ratio was 1.08%, up slightly from 1.07% in 2025 and 1.08% in 2024, but well below 2.58% in 2013. Nonperforming assets were $7.5 million in 2Q26, down from $25.9 million in 2025 and $19.1 million in 2024. As a share of total assets, nonperforming assets were 0.12% in 2Q26, compared with 0.26% in 2025 and 0.19% in 2024.
Charge-offs were also limited. Net charge-offs were $0.7 million in 2Q26, compared with $1.0 million in 2025 and $2.7 million in 2024. The ratio of net charge-offs to average loans was 0.02% in 2Q26, versus 0.05% in 2025 and 0.07% in 2024.
On capital, tangible common equity to tangible assets was 10.03% at June 30, 2026. Common equity tier 1 capital was 12.28%, and total capital was 15.29%. The company also reported a quarterly cash dividend of $0.28 per share. The market has reacted to these announcements by moving the company's shares 0.63% to a price of $31.88. For the full picture, make sure to review HANMI FINANCIAL CORP's 8-K report.
