Hanmi Financial Corporation (NASDAQ: HAFC) (“the company”) is a $7.9 billion BHC for Hanmi Bank (“the bank”), an FDIC designated minority depository institution. Domiciled in Los Angeles, CA, the bank operates 32 branches and 5 offices across the U.S., strategically located in high Asian American and multi-ethnic population MSAs across the U.S., though Southern CA remains the base for the bank’s operations (18 branches), as well as the area where the preponderance of loan and deposit activities are conducted. The bank’s deposit market share is significant relative to its targeted customer base and amongst its CA Korean bank competitors.
The loan portfolio is commercially oriented. As of 4Q25, NOO CRE (including multifamily) and OO CRE and C&I loans (collectively) represented 46% and 33% of total loans, respectively, while residential loans amounted to 17%.
HAFC’s strategy remains centered on targeted geographic and product expansion, loan…
Log in or Sign up for free access to this report.
KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by creating new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research across various sectors within the United States and European markets. We strive to provide the investment community with the products and tools needed to make informed investment decisions.