Short answer
HANMI FINANCIAL CORP (HAFC) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $71M (down 29.3% year over year) with net income of $22M.
Q3 2025 key financials · XBRL
- Revenue
- $71M
- −29.3% YoY · +8.8% QoQ
- Net income
- $22M
- +48.1% YoY · +45.9% QoQ
- Operating margin
- 31.1%
- EPS (diluted)
- $0.74
- +48.0% YoY · +48.0% QoQ
Source: XBRL data from the HANMI FINANCIAL CORP (HAFC) Q3 2025 10-Q on SEC EDGAR. USD.
HANMI FINANCIAL CORP Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $70.9M Q3 2025, up $13.4M (23.3%) YoY driven by $11.0M net interest income increase and $1.4M noninterest income increase
- Net interest margin 3.22% Q3 2025 vs 2.74% Q3 2024; net interest spread 1.94% vs 1.19%, driven by higher yields and lower deposit costs
- Best segment: SBA loans gain $1.9M Q3 2025 vs $1.5M Q3 2024; worst: deposits cost decreased to 3.56% from 4.27%, but funding costs still a drag
- Cash & Deposits increased to $6.77B (Dec 2024 $6.44B); loans up $277M to $6.46B; operating expenses rose 6.5% YoY to $37.4M in Q3
- Management sees continued net interest income growth; headwinds include rising credit losses (+$9M YTD) and increased tax expense (+$3.2M Q3)
Risk Factors
- New SBA lending risk from potential prolonged U.S. federal government shutdown impacting non-interest income
- Most materially updated risk: SBA loan sales hindered by shutdown risks affecting secondary market transactions
- Regulatory risk: SBA Preferred Lender designation dependent on federal government operations
- Market risk: Non-interest income concentration in SBA lending gain from loan sales
- Financial risk: SBA lending revenue exposure tied to government funding continuity
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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