Improvements At Hanmi Financial Corporation Support An Upgrade

Hanmi Financial Corporation is upgraded to Buy, reflecting improved operational metrics and a stronger bottom line. HAFC maintains a robust deposit base with 30.7% non-interest-bearing deposits. Net interest margin stood at 3.36% in Q2 2026. Commercial real estate loans comprise 61% of the loan portfolio, with non-owner-occupied CRE at 41%. Heavy concentration of these loans in California adds risk here. Despite some challenges with the company's perception in the market, recent results and the 2026 outlook outweigh concerns, supporting a positive investment stance.

Headquartered in Los Angeles, Hanmi Financial Corporation ( HAFC ) is the holding company for Hanmi Bank. The company's roots date back to 1982, when it opened to assist Korean-American immigrants with their financial needs.