Janney CEO Forum
February 2, 2022
Forward-Looking Statements
Hanmi Financial Corporation (the "Company") cautions investors that any statements contained herein that are not historical facts are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, those statements regarding operating and financial performance, financial position and liquidity, business strategies, regulatory, economic and competitive outlook, investment and expenditure plans, capital and financing needs and availability, litigation, plans and objectives, merger or sale activity, the effects of COVID-19 on our business, financial condition and results of operations, and all other forecasts and statements of expectation or assumption underlying any of the foregoing. These statements involve known and unknown risks and uncertainties that are difficult to predict. Investors should not rely on any forward-looking statement and should consider risks, such as changes in governmental policy, legislation and regulations, economic climate uncertainty, fluctuations in interest rate and credit risk, competitive pressures, the ability to succeed in new markets, balance sheet management, the ability to identify and remediate any material weakness in internal controls over financial reporting, and other operational factors.
Further, given its ongoing and dynamic nature, it is difficult to predict the full impact of the COVID-19 pandemic on our business, financial condition and results of operations. The extent of such impact will depend on future developments, which are highly uncertain, including when the coronavirus can be controlled and abated. As the result of the COVID- 19 pandemic and the related adverse local and national economic consequences, we could be subject to various risks, any of which could have a material, adverse effect on our business, financial condition, liquidity, and results of operations.
Forward-looking statements are based upon the good faith beliefs and expectations of management as of this date only and are further subject to additional risks and uncertainties, including, but not limited to, the risk factors set forth in our earnings release dated January 25, 2022, including the section titled "Forward Looking Statements and the Company's most recent Form 10-K,10-Q and other filings with the Securities and Exchange Commission ("SEC"). Investors are urged to review our earnings release dated January 25, 2022, including the section titled "Forward Looking Statements and the Company's SEC filings. The Company disclaims any obligation to update or revise the forward-looking statements herein.
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The Hanmi Story
1982 | 2014 |
First Korean American Bank in the U.S. | Acquired Central Bancorp, Inc. ($1.3B |
in assets acquired) | |
1988 | 2016 |
Began offering SBA loans | Acquired Commercial Equipment Leasing |
Acquired First Global Bank | Division (CELD) |
2001 | 2017 |
Listed HAFC common stock | Assets surpassed $5 billion |
Opened a Manhattan, NY branch | |
2004 | 2018 |
Acquired Pacific Union Bank | Opened Houston Chinatown |
($1.2B in assets acquired) | branch in Texas |
2007 | 2020 |
Completed $70 million secondary | Embarked on mortgage & digital |
common stock offering | banking initiatives by on-boarding |
new management team |
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Management Team
Banking | Hanmi | |||
Name | Position | Experience | Experience | Previous Experience |
(Years) | (Years) | |||
Bonnie Lee | President & CEO | 35 | 8 | BBCN Bancorp, Shinhan Bank America, Nara |
Bank | ||||
Romolo Santarosa | SEVP, Chief Financial Officer | 30 | 6 | Opus Bank, First California Financial Group, |
Sanwa Bank, Shawmut National Corporation | ||||
Anthony Kim | EVP, Chief Banking Officer | 27 | 8 | Nara Bank / Saehan Bank |
BBCN Bancorp | ||||
Matthew Fuhr | EVP, Chief Credit Administration Officer | 25 | 6 | Pacific Western Bank, Wells Fargo Bank, |
Foothill Independent Bank, FDIC | ||||
Mike Park | EVP, Chief Credit Risk Officer | 33 | 7 | East West Bank, Nara Bank, Sanwa/Bank of |
the West, Center Bank | ||||
Anna Chung | EVP, Chief SBA Lending Officer | 38 | 7 | East West Bank, Nara Bank, Wilshire Bank, |
First American Bank | ||||
Navneeth Naidu | EVP, Chief Technology Officer | 19 | 3 | Columbia Bank, American Marine Bank, First |
Capital Bank of Texas | ||||
Fremont Investment and Loan, Capital | ||||
Michael Du | SVP, Chief Risk Officer | 22 | 2 | Source, Banc of California, Unify Financial |
Federal Credit Union, Pacific Western Bank | ||||
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Hanmi at a Glance
Equity Snapshot (as of January 27, 2022) | |
Headquarters: | Los Angeles, CA |
Ticker: | NASDAQ: HAFC |
Share Price: | $26.39 |
52 Week Range: | $13.68 - $28.84 |
Market Cap: | $796.0 Million |
Avg. 3M Daily Volume: | 181,260 |
Dividend Yield: | 3.03% |
Bank Network(1)
WASHINGTON
1 | 3 | 1 | 2 | 1 | |||||||||
NY / NJ | |||||||||||||
1 | ILLINOIS | ||||||||||||
VIRGINIA | |||||||||||||
COLORADO | 1 | 1 | |||||||||||
CALIFORNIA | |||||||||||||
GEORGIA | |||||||||||||
22 | 1 | ||||||||||||
1 | |||||||||||||
TEXAS
7 1
Branch
Loan Production Office (LPO)
Focus on growth and value preservation for our shareholders
- Second largest Korean American Bank with 39 years of history and $6.9 billion in assets
- 35 branches coast-to-coast in major banking markets & 8 LPOs
- Commitment to conservative, disciplined underwriting, and strong asset quality
- Well capitalized, significantly above the regulatory requirements
Assets | Loans | ||||||||||
$ billions | $ billions | ||||||||||
$5.2 | $5.5 | $5.5 | $6.2 | $6.9 | $3.8 | $4.3 | $4.6 | $4.6 | $4.9 | $5.2 | |
$4.7 | |||||||||||
2016 2017 2018 2019 2020 2021 2016 2017 2018 2019 2020 2021
Deposits | Net Income | |||||||||||
$ billions | $ millions | |||||||||||
$4.8 | $4.7 | $5.3 | $5.8 | |||||||||
$4.4 | $98.7 | |||||||||||
$3.8 | ||||||||||||
$56.5 | $54.7 | $57.9 | $42.2 | |||||||||
101% | 99% | 97% | 98% | 93% | 89% | $32.8 | ||||||
2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |||||||
2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
- Branches and LPO's are strategically located in the top MSAs for Asian Americans: Los Angeles, San Francisco, New York, Chicago, Dallas, Houston, Seattle, Colorado, and Atlanta
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Hanmi Financial Corporation published this content on 02 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 February 2022 12:08:03 UTC.