Hanmi Financial Corporation

The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington. The Bank's client base reflects the multi-ethnic composition of these communities. The Bank maintains a branch network of over 40 full-service branch offices in California, Illinois, New Jersey, New York, Texas and Virginia, and loan production offices in California, Colorado, Texas, Virginia and Washington State. Its lending activities include real estate loans (commercial property, construction and residential property), commercial and industrial loans (commercial term loans, commercial lines of credit and international), and consumer loans and small business administration (SBA) loans. Its revenues are derived from interest and fees on its loans.
Company Growth (employees)
Type
Public
HQ
Los Angeles, US
Founded
1982
Size (employees)
638 (est)
Website
hanmi.com
Hanmi Financial Corporation was founded in 1982 and is headquartered in Los Angeles, US

Hanmi Financial Corporation Office Locations

Hanmi Financial Corporation has an office in Los Angeles
Los Angeles, US (HQ)
Penthouse Suite A 3660 Wilshire Boulevard

Hanmi Financial Corporation Data and Metrics

Hanmi Financial Corporation Financial Metrics

Hanmi Financial Corporation's revenue was reported to be $55.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

55.6 m

Gross profit (Q1, 2017)

49.6 m

Gross profit margin (Q1, 2017), %

89%

Net income (Q1, 2017)

13.8 m

Market capitalization (17-Aug-2017)

854.4 m

Cash (31-Mar-2017)

138.6 m
Hanmi Financial Corporation's current market capitalization is $854.4 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

122.3 m136.7 m164.2 m178.5 m

Revenue growth, %

12%20%9%

Cost of goods sold

16.1 m18.3 m

Gross profit

148.1 m160.2 m

Gross profit Margin, %

90%90%

Sales and marketing expense

64 m

R&D expense

5.7 m

General and administrative expense

15 m

Operating expense total

115.3 m108.2 m

EBIT

159.7 m

EBIT margin, %

97%

Net Income

39.9 m49.8 m53.8 m56.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

52.2 m53.6 m49.6 m53.5 m53 m55.6 m

Cost of goods sold

4 m4 m4.1 m4.2 m4.7 m6 m

Gross profit

48.2 m49.5 m45.5 m49.4 m48.3 m49.6 m

Gross profit Margin, %

92%92%92%92%91%89%

Sales and marketing expense

15.5 m16.1 m15.7 m16.1 m16 m17.1 m

R&D expense

1.3 m1.4 m1.4 m1.5 m1.3 m1.6 m

General and administrative expense

4.2 m4.9 m3.5 m3.9 m3.9 m4 m

Operating expense total

21.1 m22.4 m20.6 m21.5 m21.2 m22.7 m

EBIT

39.6 m39.7 m40.1 m41.5 m41 m

EBIT margin, %

76%74%81%78%77%

Pre tax profit

21 m23 m21.4 m22.4 m

Income tax expense

10.6 m6.2 m8.9 m8.2 m8.6 m

Net Income

22 m35.3 m11.1 m25 m39 m14.8 m29 m42.1 m13.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

179.4 m158.3 m164.4 m147.2 m

Accounts Receivable

7.1 m9.7 m9.5 m11 m

PP&E

14.2 m30.9 m29.8 m28.7 m

Total Assets

3.1 b4.2 b4.2 b4.7 b

Accounts Payable

3.4 m3.5 m3.2 m3.8 b

Total Debt

168.5 m188.7 m334 m

Total Liabilities

4.2 b

Additional Paid-in Capital

552.3 m554.9 m557.8 m562.4 m

Retained Earnings

(72.1 m)(32.4 m)6.4 m41.7 m

Total Equity

401.2 m453.4 m493.9 m531 m

Debt to Equity Ratio

0.4 x0.4 x0.6 x

Debt to Assets Ratio

0 x0 x0.1 x

Financial Leverage

7.6 x9.3 x8.6 x8.9 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

123.8 m197 m182.1 m153.2 m235.3 m137.5 m156.6 m130.2 m138.6 m

PP&E

13.9 m31.2 m30.9 m30.7 m29.9 m30.1 m29.8 m27.7 m28.4 m

Total Assets

3.1 b4.2 b4.1 b4 b4.2 b4.3 b4.4 b4.4 b4.8 b

Accounts Payable

2.5 b3.6 b3.6 b3.4 b3.5 b3.5 b3.6 b3.8 b4.1 b

Additional Paid-in Capital

553.7 m554.4 m555.7 m556.3 m557.1 m558.9 m560.1 m560.9 m563.2 m

Retained Earnings

(55.6 m)(44.6 m)(24.8 m)(14.4 m)(3.9 m)16.7 m26.4 m33.4 m49.4 m

Total Equity

426.3 m435.2 m467.5 m472.7 m485.4 m510.9 m525.2 m531.2 m539.5 m

Financial Leverage

7.3 x9.7 x8.7 x8.4 x8.7 x8.4 x8.5 x8.3 x8.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

39.9 m49.8 m53.8 m56.5 m

Depreciation and Amortization

8.7 m17.8 m14.6 m

Cash From Operating Activities

60.7 m25.5 m64.3 m54.4 m

Purchases of PP&E

(124.4 m)(232 m)(20 m)

Cash From Investing Activities

(304.4 m)16.4 m(20.3 m)(491.5 m)

Dividends Paid

(6.7 m)(10.5 m)(25.7 m)

Cash From Financing Activities

155 m(62.9 m)(38 m)420 m

Interest Paid

21.9 m14.4 m16.4 m18.9 m

Income Taxes Paid

15.1 m37 m7.9 m23.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

22 m35.3 m11.1 m25 m39 m14.8 m29 m42.1 m13.8 m

Depreciation and Amortization

5.4 m9.6 m15.2 m4 m7.6 m10.8 m3.9 m

Cash From Operating Activities

26.4 m24.7 m(5 m)16 m36.6 m5.8 m10.9 m36.9 m20.1 m

Purchases of PP&E

(124.4 m)(124.4 m)(55.8 m)

Cash From Investing Activities

(82.1 m)185.6 m248.6 m86.2 m(197.8 m)(128.2 m)

Dividends Paid

(4.5 m)(2.2 m)(2.2 m)(7 m)(9 m)(13.5 m)(19.6 m)(6.1 m)

Cash From Financing Activities

163 k(44.8 m)(156.8 m)(269.6 m)(45.8 m)61.4 m176.2 m126.8 m99.4 m

Interest Paid

6.4 m10.8 m3.9 m7.9 m12.4 m4 m8.4 m13.8 m5.9 m

Income Taxes Paid

8.9 m20.9 m13.2 m14.3 m13.5 m9.9 m16.5 m21.7 m(101 k)
USDY, 2017

Revenue/Employee

87.1 k

Financial Leverage

8.9 x

Hanmi Financial Corporation Market Value History

Traffic Overview of Hanmi Financial Corporation

Hanmi Financial Corporation Company Life and Culture

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