Hanmi Financial Corporation (HAFC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments609392122155154147164
Cash and cash equivalents609392122155154147164
Total current assets:609392122155154147164
Noncurrent Assets
Operating lease, right-of-use asset465237
Property, plant and equipment25262628272930
Intangible assets, net (including goodwill), including:1112121213133
Goodwill111111111111 
Intangible assets, net (excluding goodwill)0111213133
Other undisclosed intangible assets, net (including goodwill)   (11)(11)(11) 
Deferred income tax assets  37
Amortization method qualified affordable housing project investments8810    
Total noncurrent assets:909812140394233
Other undisclosed assets6,1595,7125,2965,3075,0174,5134,037
TOTAL ASSETS:6,8596,2025,5385,5025,2104,7014,235
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   55150315170
Total current liabilities:   55150315170
Noncurrent Liabilities
Liabilities, other than long-term debt000    
Qualified affordable housing project investments, commitment000    
Total noncurrent liabilities:000    
Other undisclosed liabilities6,2155,6254,9754,8954,4983,8553,571
Total liabilities:6,2155,6254,9754,9504,6484,1703,741
Stockholders' equity
Stockholders' equity attributable to parent643577563553562531494
Common stock0000000
Treasury stock, value(126)(119)(117)(109)(72)(71)(70)
Additional paid in capital581578576570566562558
Accumulated other comprehensive income (loss)(8)33(6)(2)(2)(0)
Retained earnings1971151019871426
Total stockholders' equity:643577563553562531494
TOTAL LIABILITIES AND EQUITY:6,8596,2025,5385,5025,2104,7014,235

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues233228251238229193190
Net investment income216223246233208176161
Cost of revenue (45)(30)   (1)
Cost of goods and services sold      (1)
Provision for loan, lease, and other losses (45)(30) 
Gross profit:233183221238229193189
Operating expenses(42)(42)(42)(37)(103)(97)(104)
Other operating income, net
(Noninterest Income, Other Operating Income)
81065665
Operating income:19915018520613210389
Interest and debt expense(22)(43)(71)(53)(33)(18)(16)
Income from continuing operations before equity method investments, income taxes:1771071141531008473
Other undisclosed income (loss) from continuing operations before income taxes(42)(48)(67)(69)(4)519
Income from continuing operations before income taxes:135594784958992
Income tax expense(37)(17)(15)(26)(41)(33)(38)
Net income attributable to parent:99423358555654
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic     (0)(0)
Net income available to common stockholders, diluted:98423358545654

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:99423358555654
Other comprehensive income (loss)(12)(0)9(4)1(2)(1)
Comprehensive income, net of tax, attributable to parent:87424254555453

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.

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