Hanmi Financial Corporation (HAFC) financial statements (2021 and earlier)

Company profile

Business Address 3660 WILSHIRE BLVD SUITE PH-A
LOS ANGELES, CA 90010
State of Incorp. DE
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments392122155154147164 
Cash and cash equivalents392122155154147164 
Disposal group, including discontinued operation      5
Total current assets:3921221551541471645
Noncurrent Assets
Operating lease, right-of-use asset5237
Property, plant and equipment26262827293031
Intangible assets, net (including goodwill), including:121212131334
Goodwill1111111111  
Intangible assets, net (excluding goodwill)1112131334
Other undisclosed intangible assets, net (including goodwill)  (11)(11)(11)  
Deferred income tax assets 37
Amortization method qualified affordable housing project investments810    
Total noncurrent assets:981214039423335
Other undisclosed assets5,7125,2965,3075,0174,5134,0374,192
TOTAL ASSETS:6,2025,5385,5025,2104,7014,2354,232
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      0
Interest and dividends payable      0
Debt  55150315170150
Total current liabilities:  55150315170150
Noncurrent Liabilities
Liabilities, other than long-term debt00     
Qualified affordable housing project investments, commitment00    
Total noncurrent liabilities:00     
Other undisclosed liabilities5,6254,9754,8954,4983,8553,5713,629
Total liabilities:5,6254,9754,9504,6484,1703,7413,779
Stockholders' equity
Stockholders' equity attributable to parent577563553562531494453
Common stock0000000
Treasury stock, value(119)(117)(109)(72)(71)(70)(70)
Additional paid in capital578576570566562558555
Accumulated other comprehensive income (loss)33(6)(2)(2)(0)0
Retained earnings (accumulated deficit)1151019871426(32)
Total stockholders' equity:577563553562531494453
TOTAL LIABILITIES AND EQUITY:6,2025,5385,5025,2104,7014,2354,232

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues228251238229193190155
Net investment income223246233208176161135
Cost of revenue(45)(30)   (1) 
Cost of goods and services sold     (1) 
Provision for loan, lease, and other losses(45)(30) 
Gross profit:183221238229193189155
Operating expenses(42)(42)(37)(103)(97)(104)(103)
Other operating income, net
(Noninterest Income, Other Operating Income)
10656654
Operating income:1501852061321038956
Nonoperating income      17
Investment income, nonoperating      16
Interest and debt expense(43)(71)(53)(33)(18)(16)(14)
Income from continuing operations before equity method investments, income taxes:107114153100847359
Other undisclosed income (loss) from continuing operations before income taxes(48)(67)(69)(4)51914
Income from continuing operations before income taxes:59478495899273
Income tax expense(17)(15)(26)(41)(33)(38)(22)
Income from continuing operations:42335855565450
Loss from discontinued operations      (0)
Net income attributable to parent:42335855565450
Undistributed earnings (loss) allocated to participating securities, basic(1)(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic    (0)(0) 
Net income available to common stockholders, diluted:42335854565450

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:42335855565450
Other comprehensive income (loss)(0)9(4)1(2)(1)10
Comprehensive income, net of tax, attributable to parent:42425455545360

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: