Equibles

8-K

HANMI FINANCIAL CORP (HAFC)

8-K 2025-07-22 For: 2025-07-22
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Added on April 04, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  July 22, 2025

HANMI FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware 000-30421 95-4788120
(State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.)

900 Wilshire Boulevard, Suite 1250

Los Angeles, CA 90017

(Address of Principal Executive Offices) (Zip Code)

(213) 382-2200

(Registrant's telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $0.001 par value HAFC Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company,indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On July 22, 2025, Hanmi Financial Corporation (“Hanmi Financial”) issued a press release announcing its financial results for the quarter ended June 30, 2025. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K. In connection therewith, Hanmi Financial provided a supplemental presentation on its website at https://investors.hanmi.com. A copy of the supplemental presentation is attached hereto as Exhibit 99.2.

This information set forth under “Item 2.02. Results of Operations and Financial Condition,” including Exhibit 99.1 and 99.2 attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01. Financial Statements and Exhibits.

(d)       Exhibits

99.1 Press release issued by Hanmi Financial dated July 22, 2025
99.2 Hanmi Financial Second Quarter 2025 Earnings Supplemental Presentation
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

Forward-Looking Statements

This press release contains forward-looking statements, which are included in accordance with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are “forward–looking statements” for purposes of federal and state securities laws, including, but not limited to, statements about our anticipated future operating and financial performance, financial position and liquidity, business strategies, regulatory and competitive outlook, investment and expenditure plans, capital and financing needs and availability, plans and objectives of management for future operations, developments regarding our capital and strategic plans, and other similar forecasts and statements of expectation and statements of assumption underlying any of the foregoing. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of such terms and other comparable terminology. Although we believe that our forward-looking statements to be reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ from those expressed or implied by the forward-looking statements. These factors include the following:

• a failure to maintain adequate levels of capital and liquidity to support our operations;
• general economic and business conditions internationally, nationally and in those areas in which we operate, including any potential recessionary conditions;
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• volatility and deterioration in the credit and equity markets;
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• changes in investor sentiment or consumer spending, borrowing and savings habits;
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• availability of capital from private and government sources;
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• demographic changes;
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• competition for loans and deposits and failure to attract or retain loans and deposits;
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• inflation and fluctuations in interest rates that reduce our margins and yields, the fair value of financial instruments, the level of loan originations or prepayments on loans we have made and make, the level of loan sales and the cost we pay to retain and attract deposits and secure other types of funding;
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• our ability to enter new markets successfully and capitalize on growth opportunities;
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• the imposition of tariffs or other domestic or international governmental polices and retaliatory responses;
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• the current or anticipated impact of military conflict, terrorism or other geopolitical events;
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• the effect of potential future supervisory action against us or Hanmi Bank and our ability to address any issues raised in our regulatory exams;
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• risks of natural disasters;
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• legal proceedings and litigation brought against us;
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• a failure in or breach of our operational or security systems or infrastructure, including cyberattacks;
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• the failure to maintain current technologies;
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• risks associated with Small Business Administration loans;
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• failure to attract or retain key employees;
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• our ability to access cost-effective funding;
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• changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio;
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• fluctuations in real estate values;
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• changes in accounting policies and practices;
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• changes in governmental regulation, including, but not limited to, any increase in FDIC insurance premiums and changes in the monetary policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System;
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• the ability of Hanmi Bank to make distributions to Hanmi Financial Corporation, which is restricted by certain factors, including Hanmi Bank’s retained earnings, net income, prior distributions made, and certain other financial tests;
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• strategic transactions we may enter into;
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• the adequacy of and changes in the economic assumptions and methodology for computing our allowance for credit losses;
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• our credit quality and the effect of credit quality on our credit losses expense and allowance for credit losses;
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• changes in the financial performance and/or condition of our borrowers and the ability of our borrowers to perform under the terms of their loans and other terms of credit agreements;
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• our ability to control expenses; and
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• cyber security and fraud risks against our information technology and those of our third-party providers and vendors.
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In addition, we set forth certain risks in our reports filed with the U.S. Securities and Exchange Commission, including, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K that we will file hereafter, which could cause actual results to differ from those projected. We undertake no obligation to update such forward-looking statements except as required by law.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

HANMI FINANCIAL CORPORATION
Date: July 22, 2025 By: /s/ Bonita I. Lee
Bonita I. Lee
Chief Executive Officer

EdgarFiling EXHIBIT 99.1

Hanmi Reports 2025 Second Quarter Results

LOS ANGELES, July 22, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today reported financial results for the second quarter of 2025.

Net income for the second quarter of 2025 was $15.1 million, or $0.50 per diluted share, compared with $17.7 million, or $0.58 per diluted share for the first quarter of 2025. The return on average assets for the second quarter of 2025 was 0.79% and the return on average equity was 7.48%, compared with a return on average assets of 0.94% and a return on average equity of 8.92% for the first quarter of 2025.

CEO Commentary

“Hanmi delivered solid performance in the second quarter, highlighted by strong operational metrics,” said Bonnie Lee, President and Chief Executive Officer. “We further expanded our net interest margin to 3.07%, and grew preprovision net revenue by 3.7%, primarily driven by lower funding costs.”

“Loans grew 1.6% on an annualized basis with healthy C&I and residential mortgage loan production. Our relationship-based model continued to drive deposit growth, up 1.7% for the quarter. Noninterest-bearing demand deposit balances remained strong, accounting for over 30% of total deposits.”

“Our second quarter net income was impacted by credit loss expense; however, importantly, asset quality remained excellent with significant improvement from the prior quarter. Criticized loans, nonaccrual loans and delinquent loans all declined notably. Looking to the second half of the year, we are encouraged by the strength of our loan pipeline and remain focused on deepening client relationships, expanding our market presence and leveraging our balance sheet to deliver sustainable long-term growth.”

Second Quarter 2025 Highlights:

  • Second quarter net income was $15.1 million, or $0.50 per diluted share, compared with $17.7 million, or $0.58 per diluted share in the first quarter; the decline was driven by credit loss expense of $7.6 million.

  • Preprovision net revenue^1^ grew 3.7%, or $1.0 million, reflecting a 3.7% increase in net interest income, a five basis point increase in the net interest margin, a 4.5% increase in noninterest income and well-managed noninterest expenses with the efficiency ratio remaining unchanged at 55.7%.

  • Asset quality improved significantly from the first quarter - criticized loans dropped 71.8% to 0.74% of total loans reflecting $85.3 million in loan upgrades of two CRE loans, a $20.0 million loan payment, and an $8.6 million loan charge-off; nonaccrual loans fell 26.8% to 0.41% of total loans reflecting the loan charge-off; and loan delinquencies declined to 0.17% of total loans.

  • Loans receivables were $6.31 billion at June 30, 2025, up 0.4% from the end of the first quarter of 2025; loan production for the second quarter was $329.6 million, with a weighted average interest rate of 7.10%.

  • Deposits were $6.73 billion at June 30, 2025, up 1.7% from the end of the first quarter of 2025; noninterest-bearing demand deposits at June 30, 2025 were 31.3% of total deposits.

  • Hanmi's capital position remains strong with the ratio of tangible common equity to tangible assets^2^ at 9.58% and the common equity tier 1 capital ratio at 12.12%; both essentially unchanged from the first quarter; tangible book value per share^3^ was $24.91.

____________________________________ ^1^ See non-GAAP reconciliation provided at the end of this news release.

For more information about Hanmi, please see the Q2 2025 Investor Update (and Supplemental Financial Information), which is available on the Bank’s website at www.hanmi.com and via a current report on Form 8-K on the website of the Securities and Exchange Commission at www.sec.gov. Also, please refer to “Non-GAAP Financial Measures” herein for further details of the presentation of certain non-GAAP financial measures.

Quarterly Highlights (Dollars in thousands, except per share data)

As of or for the Three Months Ended Amount Change
June 30, March 31, December 31, September 30, June 30, Q2-25 Q2-25
2025 2025 2024 2024 2024 vs. Q1-25 vs. Q2-24
Net income $ 15,117 $ 17,672 $ 17,695 $ 14,892 $ 14,451 $ (2,555 ) $ 666
Net income per diluted common share $ 0.50 $ 0.58 $ 0.58 $ 0.49 $ 0.48 $ (0.08 ) $ 0.02
Assets $ 7,862,363 $ 7,729,035 $ 7,677,925 $ 7,712,299 $ 7,586,347 $ 133,328 $ 276,016
Loans receivable $ 6,305,957 $ 6,282,189 $ 6,251,377 $ 6,257,744 $ 6,176,359 $ 23,768 $ 129,598
Deposits $ 6,729,122 $ 6,619,475 $ 6,435,776 $ 6,403,221 $ 6,329,340 $ 109,647 $ 399,782
Return on average assets 0.79 % 0.94 % 0.93 % 0.79 % 0.77 % -0.15 0.02
Return on average stockholders' equity 7.48 % 8.92 % 8.89 % 7.55 % 7.50 % -1.44 -0.02
Net interest margin 3.07 % 3.02 % 2.91 % 2.74 % 2.69 % 0.05 0.38
Efficiency ratio ^(1)^ 55.74 % 55.69 % 56.79 % 59.98 % 62.24 % 0.05 -6.50
Tangible common equity to tangible assets ^(2)^ 9.58 % 9.59 % 9.41 % 9.42 % 9.19 % -0.01 0.39
Tangible common equity per common share ^(2)^ $ 24.91 $ 24.49 $ 23.88 $ 24.03 $ 22.99 0.42 1.92
^(1)^Noninterest expense divided by net interest income plus noninterest income.
^(2)^Refer to "Non-GAAP Financial Measures" for further details.

Results of Operations Net interest income for the second quarter was $57.1 million, up 3.7% from $55.1 million for the first quarter of 2025. The increase reflected the benefit of lower rates on interest-bearing liabilities, a higher volume of interest-earning assets and one additional day in the quarter. Average interest-earning assets increased 1.2% while the average yield decreased by one basis point. Average loans receivable increased 1.1% while the average yield decreased by two basis points to 5.93%. Average interest-bearing liabilities increased 0.9% while the average rate paid declined seven basis points. Average interest-bearing deposits, however, increased 3.7% while the average rate paid declined by five basis points to 3.64%, primarily due to lower rates paid on time deposits. Average borrowings fell 66.5% while the average rate paid increased one basis point.

Net interest margin (taxable equivalent) for the second quarter was 3.07%, up five basis points from 3.02% for the first quarter of 2025. The increase in the net interest margin reflected principally the benefit from lower average borrowings and a higher average balance of interest-bearing deposits in other banks.

____________________________________ ^2^ See non-GAAP reconciliation provided at the end of this news release. ^3^ See non-GAAP reconciliation provided at the end of this news release.

For the Three Months Ended (in thousands) Percentage Change
Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, Q2-25 Q2-25
Net Interest Income 2025 2025 2024 2024 2024 vs. Q1-25 vs. Q2-24
Interest and fees on loans receivable ^(1)^ $ 92,589 $ 90,887 $ 91,545 $ 92,182 $ 90,752 1.9 % 2.0 %
Interest on securities 6,261 6,169 5,866 5,523 5,238 1.5 % 19.5 %
Dividends on FHLB stock 354 360 360 356 357 -1.7 % -0.8 %
Interest on deposits in other banks 2,129 1,841 2,342 2,356 2,313 15.6 % -8.0 %
Total interest and dividend income $ 101,333 $ 99,257 $ 100,113 $ 100,417 $ 98,660 2.1 % 2.7 %
Interest on deposits 41,924 40,559 43,406 47,153 46,495 3.4 % -9.8 %
Interest on borrowings 684 2,024 1,634 1,561 1,896 -66.2 % -63.9 %
Interest on subordinated debentures 1,586 1,582 1,624 1,652 1,649 0.3 % -3.8 %
Total interest expense 44,194 44,165 46,664 50,366 50,040 0.1 % -11.7 %
Net interest income $ 57,139 $ 55,092 $ 53,449 $ 50,051 $ 48,620 3.7 % 17.5 %
^(1)^Includes loans held for sale.
For the Three Months Ended (in thousands) Percentage Change
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Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, Q2-25 Q2-25
Average Earning Assets and Interest-bearing Liabilities 2025 2025 2024 2024 2024 vs. Q1-25 vs. Q2-24
Loans receivable ^(1)^ $ 6,257,741 $ 6,189,531 $ 6,103,264 $ 6,112,324 $ 6,089,440 1.1 % 2.8 %
Securities 993,975 1,001,499 998,313 986,041 979,671 -0.8 % 1.5 %
FHLB stock 16,385 16,385 16,385 16,385 16,385 0.0 % 0.0 %
Interest-bearing deposits in other banks 200,266 176,028 204,408 183,027 180,177 13.8 % 11.1 %
Average interest-earning assets $ 7,468,367 $ 7,383,443 $ 7,322,370 $ 7,297,777 $ 7,265,673 1.2 % 2.8 %
Demand: interest-bearing $ 81,308 $ 79,369 $ 79,784 $ 83,647 $ 85,443 2.4 % -4.8 %
Money market and savings 2,109,221 2,037,224 1,934,540 1,885,799 1,845,870 3.5 % 14.3 %
Time deposits 2,434,659 2,345,346 2,346,363 2,427,737 2,453,154 3.8 % -0.8 %
Average interest-bearing deposits 4,625,188 4,461,939 4,360,687 4,397,183 4,384,467 3.7 % 5.5 %
Borrowings 60,134 179,444 141,604 143,479 169,525 -66.5 % -64.5 %
Subordinated debentures 130,880 130,718 130,567 130,403 130,239 0.1 % 0.5 %
Average interest-bearing liabilities $ 4,816,202 $ 4,772,101 $ 4,632,858 $ 4,671,065 $ 4,684,231 0.9 % 2.8 %
Average Noninterest Bearing Deposits
Demand deposits - noninterest bearing $ 1,934,985 $ 1,895,953 $ 1,967,789 $ 1,908,833 $ 1,883,765 2.1 % 2.7 %
^(1)^Includes loans held for sale.
For the Three Months Ended Yield/Rate Change
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Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, Q2-25 Q2-25
Average Yields and Rates 2025 2025 2024 2024 2024 vs. Q1-25 vs. Q2-24
Loans receivable ^(1)^ 5.93 % 5.95 % 5.97 % 6.00 % 5.99 % -0.02 -0.06
Securities ^(2)^ 2.55 % 2.49 % 2.38 % 2.27 % 2.17 % 0.06 0.38
FHLB stock 8.65 % 8.92 % 8.75 % 8.65 % 8.77 % -0.27 -0.12
Interest-bearing deposits in other banks 4.26 % 4.24 % 4.56 % 5.12 % 5.16 % 0.02 -0.90
Interest-earning assets 5.44 % 5.45 % 5.45 % 5.48 % 5.46 % -0.01 -0.02
Interest-bearing deposits 3.64 % 3.69 % 3.96 % 4.27 % 4.27 % -0.05 -0.63
Borrowings 4.58 % 4.57 % 4.59 % 4.33 % 4.50 % 0.01 0.08
Subordinated debentures 4.84 % 4.84 % 4.97 % 5.07 % 5.07 % 0.00 -0.23
Interest-bearing liabilities 3.68 % 3.75 % 4.01 % 4.29 % 4.30 % -0.07 -0.62
Net interest margin (taxable equivalent basis) 3.07 % 3.02 % 2.91 % 2.74 % 2.69 % 0.05 0.38
Cost of deposits 2.56 % 2.59 % 2.73 % 2.97 % 2.98 % -0.03 -0.42
^(1)^Includes loans held for sale.
^(2)^Amounts calculated on a fully taxable equivalent basis using the federal tax rate in effect for the periods presented.

Credit loss expense for the second quarter was $7.6 million, compared with $2.7 million for the first quarter of 2025. The increase in credit loss expense reflected the increase in net charge-offs as well as an increase in quantitative and qualitative estimated loss rates. Net charge-offs included an $8.6 million loan charge-off on the syndicated commercial real estate office loan designated as nonaccrual, with an associated specific allowance of $6.2 million, in the first quarter of 2025. Second quarter credit loss expense included a $7.5 million credit loss expense for loan losses and a $0.1 million credit loss expense for off-balance sheet items. First quarter credit loss expense included a $2.4 million credit loss expense for loan losses and a $0.3 million credit loss expense for off-balance sheet items.

Noninterest income for the second quarter increased $0.4 million, or 4.5%, to $8.1 million from $7.7 million for the first quarter of 2025. The increase was primarily due to a $0.2 million increase on gains from the sale of SBA loans and an increase in bank-owned life insurance income of $0.4 million from a death benefit claim, partially offset by the absence of gain on sale of mortgage loans. Gain on sales of SBA loans were $2.2 million for the second quarter of 2025, compared with $2.0 million for the first quarter of 2025. The volume of SBA loans sold for the second quarter increased to $35.4 million from $32.2 million for the first quarter of 2025, while trade premiums were 7.61% for the second quarter of 2025 compared with 7.82% for the first quarter. There were no mortgage loans sales during the second quarter, compared with $10.0 million of mortgage loans sold at a 2.50% premium for the first quarter. Gains on mortgage loans sold were $0.2 million for the first quarter. Subsequent to the end of the second quarter, $41.9 million of mortgage loans were sold at a 2.38% premium resulting in a gain of $0.7 million.

For the Three Months Ended (in thousands) Percentage Change
Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, Q2-25 Q2-25
Noninterest Income 2025 2025 2024 2024 2024 vs. Q1-25 vs. Q2-24
Service charges on deposit accounts $ 2,169 $ 2,217 $ 2,192 $ 2,311 $ 2,429 -2.2 % -10.7 %
Trade finance and other service charges and fees 1,461 1,396 1,364 1,254 1,277 4.7 % 14.4 %
Servicing income 754 732 668 817 796 3.0 % -5.3 %
Bank-owned life insurance income 708 309 316 320 638 129.1 % 11.0 %
All other operating income 819 897 1,037 1,008 908 -8.7 % -9.8 %
Service charges, fees & other 5,911 5,551 5,577 5,710 6,048 6.5 % -2.3 %
Gain on sale of SBA loans 2,160 2,000 1,443 1,544 1,644 8.0 % 31.4 %
Gain on sale of mortgage loans - 175 337 324 365 -100.0 % -100.0 %
Gain on sale of bank premises - - - 860 - 0.0 % 0.0 %
Total noninterest income $ 8,071 $ 7,726 $ 7,357 $ 8,438 $ 8,057 4.5 % 0.2 %

Noninterest expense for the second quarter increased $1.3 million to $36.3 million from $35.0 million for the first quarter of 2025. Second quarter noninterest expense was up 3.9% sequentially due to increases in salaries and benefits, professional fees, advertising and promotion and all other operating expenses, partially offset by a $0.6 million gain on sale of other real estate owned. Salaries and benefits increased $1.1 million due to annual merit adjustments and lower capitalized salaries related to loan production. Professional fees increased $0.3 million due to new project activities and fees for services. Advertising and promotion increased $0.2 million primarily due to a new branch opening. All other operating expenses increased $0.4 million due to loan and deposit operating expenses. The efficiency ratio for the second quarter was 55.7%, unchanged from the first quarter of 2025.

For the Three Months Ended (in thousands) Percentage Change
Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, Q2-25 Q2-25
2025 2025 2024 2024 2024 vs. Q1-25 vs. Q2-24
Noninterest Expense
Salaries and employee benefits $ 22,069 $ 20,972 $ 20,498 $ 20,851 $ 20,434 5.2 % 8.0 %
Occupancy and equipment 4,344 4,450 4,503 4,499 4,348 -2.4 % -0.1 %
Data processing 3,727 3,787 3,800 3,839 3,686 -1.6 % 1.1 %
Professional fees 1,725 1,468 1,821 1,492 1,749 17.5 % -1.4 %
Supplies and communication 515 517 551 538 570 -0.4 % -9.6 %
Advertising and promotion 798 585 821 631 669 36.4 % 19.3 %
All other operating expenses 3,567 3,175 3,847 2,875 3,251 12.3 % 9.7 %
Subtotal 36,745 34,954 35,841 34,725 34,707 5.1 % 5.9 %
Branch consolidation expense - - - - 301 0.0 % -100.0 %
Other real estate owned expense (income) (461 ) 41 (1,588 ) 77 6 N/M N/M
Repossessed personal property expense (income) 63 (11 ) 281 278 262 -672.7 % -76.0 %
Total noninterest expense $ 36,347 $ 34,984 $ 34,534 $ 35,080 $ 35,276 3.9 % 3.0 %

Hanmi recorded a provision for income taxes of $6.1 million for the second quarter of 2025, compared with $7.4 million for the first quarter of 2025, representing an effective tax rate of 28.8% and 29.6%, respectively.

Financial Position Total assets at June 30, 2025 increased 1.7%, or $133.3 million, to $7.86 billion from $7.73 billion at March 31, 2025. The increase reflected a $51.0 million increase in cash, a $37.8 million increase in loans held for sale, a $27.6 million increase in loans, a $11.1 million increase in securities available for sale, and a $6.7 million increase in prepaid expenses and other assets.

Loans receivable, before allowance for credit losses, were $6.31 billion at June 30, 2025, up from $6.28 billion at March 31, 2025.

Loans held-for-sale were $49.6 million at June 30, 2025, up from $11.8 million at March 31, 2025. At the end of the second quarter, loans held-for-sale consisted of $41.9 million of residential mortgage loans and $7.7 million of the guaranteed portion of SBA 7(a) loans.

As of (in thousands) Percentage Change
Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, Q2-25 Q2-25
2025 2025 2024 2024 2024 vs. Q1-25 vs. Q2-24
Loan Portfolio
Commercial real estate loans $ 3,948,922 $ 3,975,651 $ 3,949,622 $ 3,932,088 $ 3,888,505 -0.7 % 1.6 %
Residential/consumer loans 993,869 979,536 951,302 939,285 954,209 1.5 % 4.2 %
Commercial and industrial loans 917,995 854,406 863,431 879,092 802,372 7.4 % 14.4 %
Equipment finance 445,171 472,596 487,022 507,279 531,273 -5.8 % -16.2 %
Loans receivable 6,305,957 6,282,189 6,251,377 6,257,744 6,176,359 0.4 % 2.1 %
Loans held for sale 49,611 11,831 8,579 54,336 10,467 319.3 % 374.0 %
Total $ 6,355,568 $ 6,294,020 $ 6,259,956 $ 6,312,080 $ 6,186,826 1.0 % 2.7 %
As of
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,
2025 2025 2024 2024 2024
Composition of Loan Portfolio
Commercial real estate loans 62.2 % 63.1 % 63.1 % 62.3 % 62.9 %
Residential/consumer loans 15.6 % 15.6 % 15.2 % 14.9 % 15.4 %
Commercial and industrial loans 14.4 % 13.6 % 13.8 % 13.9 % 13.0 %
Equipment finance 7.0 % 7.5 % 7.8 % 8.0 % 8.5 %
Loans receivable 99.2 % 99.8 % 99.9 % 99.1 % 99.8 %
Loans held for sale 0.8 % 0.2 % 0.1 % 0.9 % 0.2 %
Total 100.0 % 100.0 % 100.0 % 100.0 % 100.0 %

New loan production was $329.6 million for the second quarter of 2025 with an average rate of 7.10%, while payoffs were $119.1 million during the quarter at an average rate of 6.47%.

Commercial real estate loan production for the second quarter of 2025 was $112.0 million. Residential mortgage loan production was $83.8 million. Commercial and industrial loan production was $53.4 million, SBA loan production was $46.8 million, and equipment finance production was $33.6 million.

For the Three Months Ended (in thousands)
Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,
2025 2025 2024 2024 2024
New Loan Production
Commercial real estate loans $ 111,993 $ 146,606 $ 146,716 $ 110,246 $ 87,632
Residential/consumer loans 83,761 55,000 40,225 40,758 30,194
Commercial and industrial loans 53,444 42,344 60,159 105,086 59,007
SBA loans 46,829 55,242 49,740 51,616 54,486
Equipment finance 33,567 46,749 42,168 40,066 42,594
Subtotal 329,594 345,941 339,008 347,772 273,913
Payoffs (119,139 ) (125,102 ) (137,933 ) (77,603 ) (148,400 )
Amortization (151,357 ) (90,743 ) (60,583 ) (151,674 ) (83,640 )
Loan sales (35,388 ) (42,193 ) (67,852 ) (43,868 ) (42,945 )
Net line utilization 12,435 (53,901 ) (75,651 ) 9,426 1,929
Charge-offs & OREO (12,377 ) (3,190 ) (3,356 ) (2,668 ) (2,338 )
Loans receivable-beginning balance 6,282,189 6,251,377 6,257,744 6,176,359 6,177,840
Loans receivable-ending balance $ 6,305,957 $ 6,282,189 $ 6,251,377 $ 6,257,744 $ 6,176,359

Deposits were $6.73 billion at the end of the second quarter of 2025, up $109.6 million, or 1.7%, from $6.62 billion at the end of the prior quarter. Driving the change was a $42.7 million increase in time deposits, a $38.7 million increase in noninterest-bearing demand deposits and a $18.9 million increase in money market and savings deposits. Noninterest-bearing demand deposits represented 31.3% of total deposits at June 30, 2025 and the loan-to-deposit ratio was 93.7%.

As of (in thousands) Percentage Change
Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, Q2-25 Q2-25
2025 2025 2024 2024 2024 vs. Q1-25 vs. Q2-24
Deposit Portfolio
Demand: noninterest-bearing $ 2,105,369 $ 2,066,659 $ 2,096,634 $ 2,051,790 $ 1,959,963 1.9 % 7.4 %
Demand: interest-bearing 90,172 80,790 80,323 79,287 82,981 11.6 % 8.7 %
Money market and savings 2,092,847 2,073,943 1,933,535 1,898,834 1,834,797 0.9 % 14.1 %
Time deposits 2,440,734 2,398,083 2,325,284 2,373,310 2,451,599 1.8 % -0.4 %
Total deposits $ 6,729,122 $ 6,619,475 $ 6,435,776 $ 6,403,221 $ 6,329,340 1.7 % 6.3 %
As of
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,
2025 2025 2024 2024 2024
Composition of Deposit Portfolio
Demand: noninterest-bearing 31.3 % 31.2 % 32.6 % 32.0 % 31.0 %
Demand: interest-bearing 1.3 % 1.2 % 1.2 % 1.2 % 1.3 %
Money market and savings 31.1 % 31.3 % 30.0 % 29.7 % 29.0 %
Time deposits 36.3 % 36.3 % 36.2 % 37.1 % 38.7 %
Total deposits 100.0 % 100.0 % 100.1 % 100.0 % 100.0 %

Stockholders’ equity at June 30, 2025 was $762.8 million, up $11.3 million from $751.5 million at March 31, 2025. The increase included net income, net of dividends paid, of $7.0 million for the second quarter. In addition, the increase in stockholders' equity included a $5.5 million decrease in unrealized after-tax losses on securities available for sale, due to changes in interest rates during the second quarter of 2025. Hanmi also repurchased 70,000 shares of common stock at a cost of $1.6 million, for an average share price of $23.26, during the quarter. At June 30, 2025, 1,110,500 shares remain under Hanmi’s share repurchase program. Tangible common stockholders’ equity was $751.8 million, or 9.58% of tangible assets at June 30, 2025 compared with $740.5 million, or 9.59% of tangible assets at the end of the prior quarter. Please refer to the Non-GAAP Financial Measures section below for more information.

Hanmi and the Bank exceeded minimum regulatory capital requirements, and the Bank continues to exceed the minimum for the “well capitalized” category. At June 30, 2025, Hanmi’s preliminary common equity tier 1 capital ratio was 12.12% and its total risk-based capital ratio was 15.20%, compared with 12.12% and 15.28%, respectively, at the end of the prior quarter.

As of Ratio Change
Jun 30, Mar 31, Dec 31, Sep 30, Jun 30, Q2-25 Q2-25
2025 2025 2024 2024 2024 vs. Q1-25 vs. Q2-24
Regulatory Capital ratios^(1)^
Hanmi Financial
Total risk-based capital 15.20 % 15.28 % 15.24 % 15.03 % 15.24 % -0.08 -0.04
Tier 1 risk-based capital 12.46 % 12.46 % 12.46 % 12.29 % 12.46 % 0.00 0.00
Common equity tier 1 capital 12.12 % 12.12 % 12.11 % 11.95 % 12.11 % 0.00 0.01
Tier 1 leverage capital ratio 10.63 % 10.67 % 10.63 % 10.56 % 10.51 % -0.04 0.12
Hanmi Bank
Total risk-based capital 14.39 % 14.47 % 14.43 % 14.27 % 14.51 % -0.08 -0.12
Tier 1 risk-based capital 13.32 % 13.34 % 13.36 % 13.23 % 13.47 % -0.02 -0.15
Common equity tier 1 capital 13.32 % 13.34 % 13.36 % 13.23 % 13.47 % -0.02 -0.15
Tier 1 leverage capital ratio 11.43 % 11.49 % 11.47 % 11.43 % 11.41 % -0.06 0.02
^(1)^Preliminary ratios for June 30, 2025

Asset Quality Loans 30 to 89 days past due and still accruing were 0.17% of loans at the end of the second quarter of 2025, compared with 0.28% at the end of the prior quarter.

Criticized loans totaled $46.6 million at June 30, 2025, down from $164.9 million at the end of the prior quarter. The $118.3 million decrease resulted from a $105.7 million decrease in special mention loans, and a $12.6 million decrease in classified loans. The $105.7 million decrease in special mention loans included loan upgrades of $85.3 million of two commercial real estate loans, paydowns of $20.0 million and amortization of $0.7 million, offset by downgrades of $0.3 million. The $12.6 million decrease in classified loans resulted from $8.7 million of loan charge-offs (primarily due to the previously mentioned $8.6 million commercial real estate loan charge-off), $2.9 million of equipment financing charge-offs, $1.6 million of amortization/paydowns, $4.0 million of loan upgrades and, $0.2 million of payoffs, offset by $4.8 million in additions. Additions included newly classified equipment financing agreements of $2.4 million and loan downgrades of $2.4 million.

Nonperforming loans were $26.0 million at June 30, 2025, down from $35.6 million at the end of the prior quarter. The $9.6 million decrease primarily reflected charge-offs of $11.6 million, $1.3 million in paydowns, loan upgrades of $1.0 million, and pay-offs of $0.2 million. Additions included $2.1 million of loans and $2.5 million of equipment financing agreements.

Nonperforming assets were $26.0 million at June 30, 2025, down from $35.7 million at the end of the prior quarter. As a percentage of total assets, nonperforming assets were 0.33% at June 30, 2025, and 0.46% at the end of the prior quarter.

Gross charge-offs for the second quarter of 2025 were $12.4 million, compared with $3.2 million for the preceding quarter. The increase in gross charge-offs was primarily due to a $8.6 million charge-off on a commercial real estate loan designated as nonaccrual during the first quarter of 2025. Charge-offs during the second quarter also included $2.9 million on equipment financing agreements. Recoveries of previously charged-off loans were $1.0 million in the second quarter of 2025, which included $0.6 million of recoveries on equipment financing agreements. As a result, there were $11.4 million of net charge-offs for the second quarter of 2025, compared to $1.9 million for the prior quarter.

The allowance for credit losses was $66.8 million at June 30, 2025, compared with $70.6 million at March 31, 2025. Collectively evaluated allowances increased $3.8 million and specific allowances for loans decreased $7.6 million. The decrease in specific allowances was a result of the previously mentioned $8.6 million charge-off. The ratio of the allowance for credit losses to loans was 1.06% at June 30, 2025 and 1.12% at the end of the prior quarter.

Amount Change
Mar 31, Dec 31, Sep 30, Jun 30, Q2-25 Q2-25
2025 2024 2024 2024 vs. Q1-25 vs. Q2-24
Asset Quality Data and Ratios
Delinquent loans:
Loans, 30 to 89 days past due and still accruing 10,953 $ 17,312 $ 18,454 $ 15,027 $ 13,844 $ (6,359 ) $ (2,891 )
Delinquent loans to total loans 0.17 % 0.28 % 0.30 % 0.24 % 0.22 % (0.11 ) (0.05 )
Criticized loans:
Special mention 12,701 $ 118,380 $ 139,612 $ 131,575 $ 36,921 $ (105,679 ) $ (24,220 )
Classified 33,857 46,519 25,683 28,377 33,945 (12,662 ) (88 )
Total criticized loans (1) 46,558 $ 164,899 $ 165,295 $ 159,952 $ 70,866 $ (118,341 ) $ (24,308 )
Criticized loans to total loans 0.74 % 2.62 % 2.64 % 2.56 % 1.15 % (1.88 ) (0.41 )
Nonperforming assets:
Nonaccrual loans 25,968 $ 35,459 $ 14,272 $ 15,248 $ 19,245 $ (9,491 ) $ 6,723
Loans 90 days or more past due and still accruing - 112 - 242 - (112 ) -
Nonperforming loans (2) 25,968 35,571 14,272 15,490 19,245 (9,603 ) 6,723
Other real estate owned, net - 117 117 772 772 (117 ) (772 )
Nonperforming assets (3) 25,968 $ 35,688 $ 14,389 $ 16,262 $ 20,017 $ (9,720 ) $ 5,951
Nonperforming assets to assets (2) 0.33 % 0.46 % 0.19 % 0.21 % 0.26 % -0.13 0.07
Nonperforming loans to total loans 0.41 % 0.57 % 0.23 % 0.25 % 0.31 % -0.16 0.10
(1) Includes nonaccrual loans of 24.1 million, 34.4 million, 13.4 million, 13.6 million, and 18.4 million as of Q2-25, Q1-25, Q4-24, Q3-24, and Q2-24, respectively.
(2) Excludes a 27.2 million nonperforming loan held-for-sale as of September 30, 2024.
(3) Excludes repossessed personal property of 0.6 million, 0.7 million, 0.6 million, 1.2 million, and 1.2 million as of Q2-25, Q1-25, Q4-24, Q3-24, and Q2-24, respectively.

All values are in US Dollars.

As of or for the Three Months Ended (in thousands)
Jun 30, Mar 31, Dec 31, Sep 30, Jun 30,
2025 2025 2024 2024 2024
Allowance for credit losses related to loans:
Balance at beginning of period $ 70,597 $ 70,147 $ 69,163 $ 67,729 $ 68,270
Credit loss expense (recovery) on loans 7,524 2,396 855 2,312 1,248
Net loan (charge-offs) recoveries (11,365 ) (1,946 ) 129 (878 ) (1,789 )
Balance at end of period $ 66,756 $ 70,597 $ 70,147 $ 69,163 $ 67,729
Net loan charge-offs (recoveries) to average loans ^(1)^ 0.73 % 0.13 % -0.01 % 0.06 % 0.12 %
Allowance for credit losses to loans 1.06 % 1.12 % 1.12 % 1.11 % 1.10 %
Allowance for credit losses related to off-balance sheet items:
Balance at beginning of period $ 2,399 $ 2,074 $ 1,984 $ 2,010 $ 2,297
Credit loss expense (recovery) on off-balance sheet items 107 325 90 (26 ) (287 )
Balance at end of period $ 2,506 $ 2,399 $ 2,074 $ 1,984 $ 2,010
Unused commitments to extend credit $ 915,847 $ 896,282 $ 782,587 $ 739,975 $ 795,391
^(1)^Annualized

Corporate Developments On April 24, 2025, Hanmi’s Board of Directors declared a cash dividend on its common stock for the 2025 second quarter of $0.27 per share. Hanmi paid the dividend on May 21, 2025, to stockholders of record as of the close of business on May 5, 2025.

Earnings Conference Call Hanmi Bank will host its second quarter 2025 earnings conference call today, July 22, 2025, at 2:00 p.m. PST (5:00 p.m. EST) to discuss these results. This call will also be webcast. To access the call, please dial 1-877-407-9039 before 2:00 p.m. PST, using access code Hanmi Bank. To listen to the call online, either live or archived, please visit Hanmi’s Investor Relations website at https://investors.hanmi.com/ where it will also be available for replay approximately one hour following the call.

About Hanmi Financial Corporation Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches and eight loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington and Georgia. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at www.hanmi.com.

Forward-Looking Statements This press release contains forward-looking statements, which are included in accordance with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are “forward–looking statements” for purposes of federal and state securities laws, including, but not limited to, statements about our anticipated future operating and financial performance, financial position and liquidity, business strategies, regulatory and competitive outlook, investment and expenditure plans, capital and financing needs and availability, plans and objectives of management for future operations, developments regarding our capital and strategic plans, and other similar forecasts and statements of expectation and statements of assumption underlying any of the foregoing. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of such terms and other comparable terminology. Although we believe that our forward-looking statements to be reasonable, we cannot guarantee future results, levels of activity, performance or achievements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ from those expressed or implied by the forward-looking statements. These factors include the following:

  • a failure to maintain adequate levels of capital and liquidity to support our operations;
  • general economic and business conditions internationally, nationally and in those areas in which we operate, including any potential recessionary conditions;
  • volatility and deterioration in the credit and equity markets;
  • changes in investor sentiment or consumer spending, borrowing and savings habits;
  • availability of capital from private and government sources;
  • demographic changes;
  • competition for loans and deposits and failure to attract or retain loans and deposits;
  • inflation and fluctuations in interest rates that reduce our margins and yields, the fair value of financial instruments, the level of loan originations or prepayments on loans we have made and make, the level of loan sales and the cost we pay to retain and attract deposits and secure other types of funding;
  • our ability to enter new markets successfully and capitalize on growth opportunities;
  • the current or anticipated impact of military conflict, terrorism or other geopolitical events;
  • the effect of potential future supervisory action against us or Hanmi Bank and our ability to address any issues raised in our regulatory exams;
  • risks of natural disasters;
  • legal proceedings and litigation brought against us;
  • a failure in or breach of our operational or security systems or infrastructure, including cyberattacks;
  • the failure to maintain current technologies;
  • risks associated with Small Business Administration loans;
  • failure to attract or retain key employees;
  • our ability to access cost-effective funding;
  • the imposition of tariffs or other domestic or international governmental policies and retaliatory responses;
  • changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio;
  • fluctuations in real estate values;
  • changes in accounting policies and practices;
  • changes in governmental regulation, including, but not limited to, any increase in FDIC insurance premiums and changes in the monetary policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System;
  • the ability of Hanmi Bank to make distributions to Hanmi Financial Corporation, which is restricted by certain factors, including Hanmi Bank’s retained earnings, net income, prior distributions made, and certain other financial tests;
  • strategic transactions we may enter into;
  • the adequacy of and changes in the economic assumptions and methodology for computing our allowance for credit losses;
  • our credit quality and the effect of credit quality on our credit losses expense and allowance for credit losses;
  • changes in the financial performance and/or condition of our borrowers and the ability of our borrowers to perform under the terms of their loans and other terms of credit agreements;
  • our ability to control expenses; and
  • cyber security and fraud risks against our information technology and those of our third-party providers and vendors.

In addition, we set forth certain risks in our reports filed with the U.S. Securities and Exchange Commission, including, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024, our Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K that we will file hereafter, which could cause actual results to differ from those projected. We undertake no obligation to update such forward-looking statements except as required by law.

Investor Contacts: Romolo (Ron) Santarosa Senior Executive Vice President & Chief Financial Officer 213-427-5636

Lisa Fortuna Investor Relations Financial Profiles, Inc. lfortuna@finprofiles.com 310-622-8251

Hanmi Financial Corporation and Subsidiaries Consolidated Balance Sheets (Unaudited) (Dollars in thousands)

June 30, March 31, Percentage June 30, Percentage
2025 2025 Change 2024 Change
Assets
Cash and due from banks $ 380,050 $ 329,003 15.5 % $ 313,079 21.4 %
Securities available for sale, at fair value 918,094 907,011 1.2 % 877,638 4.6 %
Loans held for sale, at the lower of cost or fair value 49,611 11,831 319.3 % 10,467 374.0 %
Loans receivable, net of allowance for credit losses 6,239,201 6,211,592 0.4 % 6,108,630 2.1 %
Accrued interest receivable 23,749 23,536 0.9 % 23,958 -0.9 %
Premises and equipment, net 20,607 20,866 -1.2 % 21,955 -6.1 %
Customers' liability on acceptances 214 552 -61.2 % 551 -61.2 %
Servicing assets 6,420 6,422 0.0 % 6,836 -6.1 %
Goodwill and other intangible assets, net 11,031 11,031 0.0 % 11,048 -0.2 %
Federal Home Loan Bank ("FHLB") stock, at cost 16,385 16,385 0.0 % 16,385 0.0 %
Bank-owned life insurance 56,985 57,476 -0.9 % 56,534 0.8 %
Prepaid expenses and other assets 140,016 133,330 5.0 % 139,266 0.5 %
Total assets $ 7,862,363 $ 7,729,035 1.7 % $ 7,586,347 3.6 %
Liabilities and Stockholders' Equity
Liabilities:
Deposits:
Noninterest-bearing $ 2,105,369 $ 2,066,659 1.9 % $ 1,959,963 7.4 %
Interest-bearing 4,623,753 4,552,816 1.6 % 4,369,377 5.8 %
Total deposits 6,729,122 6,619,475 1.7 % 6,329,340 6.3 %
Accrued interest payable 30,567 29,646 3.1 % 47,699 -35.9 %
Bank's liability on acceptances 214 552 -61.2 % 551 -61.2 %
Borrowings 127,500 117,500 8.5 % 292,500 -56.4 %
Subordinated debentures 130,960 130,799 0.1 % 130,318 0.5 %
Accrued expenses and other liabilities 81,166 79,578 2.0 % 78,880 2.9 %
Total liabilities 7,099,529 6,977,550 1.7 % 6,879,288 3.2 %
Stockholders' equity:
Common stock 34 34 0.0 % 34 0.0 %
Additional paid-in capital 592,825 591,942 0.1 % 588,647 0.7 %
Accumulated other comprehensive (loss) (54,511 ) (60,002 ) 9.2 % (78,000 ) 30.1 %
Retained earnings 367,251 360,289 1.9 % 333,392 10.2 %
Less treasury stock (142,765 ) (140,778 ) -1.4 % (137,014 ) -4.2 %
Total stockholders' equity 762,834 751,485 1.5 % 707,059 7.9 %
Total liabilities and stockholders' equity $ 7,862,363 $ 7,729,035 1.7 % $ 7,586,347 3.6 %

Hanmi Financial Corporation and Subsidiaries Consolidated Statements of Income (Unaudited) (Dollars in thousands, except share and per share data)

Three Months Ended
June 30, March 31, Percentage June 30, Percentage
2025 2025 Change 2024 Change
Interest and dividend income:
Interest and fees on loans receivable $ 92,589 $ 90,887 1.9 % $ 90,752 2.0 %
Interest on securities 6,261 6,169 1.5 % 5,238 19.5 %
Dividends on FHLB stock 354 360 -1.7 % 357 -0.8 %
Interest on deposits in other banks 2,129 1,841 15.6 % 2,313 -8.0 %
Total interest and dividend income 101,333 99,257 2.1 % 98,660 2.7 %
Interest expense:
Interest on deposits 41,924 40,559 3.4 % 46,495 -9.8 %
Interest on borrowings 684 2,024 -66.2 % 1,896 -63.9 %
Interest on subordinated debentures 1,586 1,582 0.3 % 1,649 -3.8 %
Total interest expense 44,194 44,165 0.1 % 50,040 -11.7 %
Net interest income before credit loss expense 57,139 55,092 3.7 % 48,620 17.5 %
Credit loss expense 7,631 2,721 180.4 % 961 694.1 %
Net interest income after credit loss expense 49,508 52,371 -5.5 % 47,659 3.9 %
Noninterest income:
Service charges on deposit accounts 2,169 2,217 -2.2 % 2,429 -10.7 %
Trade finance and other service charges and fees 1,461 1,396 4.7 % 1,277 14.4 %
Gain on sale of Small Business Administration ("SBA") loans 2,160 2,000 8.0 % 1,644 31.4 %
Other operating income 2,281 2,113 8.0 % 2,707 -15.7 %
Total noninterest income 8,071 7,726 4.5 % 8,057 0.2 %
Noninterest expense:
Salaries and employee benefits 22,069 20,972 5.2 % 20,434 8.0 %
Occupancy and equipment 4,344 4,450 -2.4 % 4,607 -5.7 %
Data processing 3,727 3,787 -1.6 % 3,686 1.1 %
Professional fees 1,725 1,468 17.5 % 1,749 -1.4 %
Supplies and communications 515 517 -0.4 % 570 -9.6 %
Advertising and promotion 798 585 36.4 % 669 19.3 %
Other operating expenses 3,169 3,205 -1.1 % 3,561 -11.0 %
Total noninterest expense 36,347 34,984 3.9 % 35,276 3.0 %
Income before tax 21,232 25,113 -15.5 % 20,440 3.9 %
Income tax expense 6,115 7,441 -17.8 % 5,989 2.1 %
Net income $ 15,117 $ 17,672 -14.5 % $ 14,451 4.6 %
Basic earnings per share: $ 0.50 $ 0.59 $ 0.48
Diluted earnings per share: $ 0.50 $ 0.58 $ 0.48
Weighted-average shares outstanding:
Basic 29,948,836 29,937,660 30,055,913
Diluted 30,054,456 30,058,248 30,133,646
Common shares outstanding 30,176,568 30,233,514 30,272,110

Hanmi Financial Corporation and Subsidiaries Consolidated Statements of Income (Unaudited) (Dollars in thousands, except share and per share data)

Six Months Ended
June 30, June 30, Percentage
2025 2024 Change
Interest and dividend income:
Interest and fees on loans receivable $ 183,476 $ 182,427 0.6 %
Interest on securities 12,430 10,193 21.9 %
Dividends on FHLB stock 714 719 -0.7 %
Interest on deposits in other banks 3,969 4,914 -19.2 %
Total interest and dividend income 200,589 198,253 1.2 %
Interest expense:
Interest on deposits 82,483 92,133 -10.5 %
Interest on borrowings 2,708 3,551 -23.7 %
Interest on subordinated debentures 3,167 3,295 -3.9 %
Total interest expense 88,358 98,979 -10.7 %
Net interest income before credit loss expense 112,231 99,274 13.1 %
Credit loss expense 10,352 1,188 771.4 %
Net interest income after credit loss expense 101,879 98,086 3.9 %
Noninterest income:
Service charges on deposit accounts 4,387 4,878 -10.1 %
Trade finance and other service charges and fees 2,858 2,691 6.2 %
Gain on sale of Small Business Administration ("SBA") loans 4,161 3,126 33.1 %
Other operating income 4,390 5,095 -13.8 %
Total noninterest income 15,796 15,790 0.0 %
Noninterest expense:
Salaries and employee benefits 43,041 42,019 2.4 %
Occupancy and equipment 8,794 9,144 -3.8 %
Data processing 7,514 7,237 3.8 %
Professional fees 3,194 3,642 -12.3 %
Supplies and communications 1,031 1,172 -12.0 %
Advertising and promotion 1,382 1,576 -12.3 %
Other operating expenses 6,374 6,930 -8.0 %
Total noninterest expense 71,330 71,720 -0.5 %
Income before tax 46,345 42,156 9.9 %
Income tax expense 13,556 12,541 8.1 %
Net income $ 32,789 $ 29,615 10.7 %
Basic earnings per share: $ 1.09 $ 0.98
Diluted earnings per share: $ 1.08 $ 0.97
Weighted-average shares outstanding:
Basic 29,943,279 30,089,341
Diluted 30,048,704 30,166,181
Common shares outstanding 30,176,568 30,272,110

Hanmi Financial Corporation and Subsidiaries Average Balance, Average Yield Earned, and Average Rate Paid (Unaudited) (Dollars in thousands)

Three Months Ended
June 30, 2025 March 31, 2025 June 30, 2024
Interest Average Interest Average Interest Average
Average Income / Yield / Average Income / Yield / Average Income / Yield /
Balance Expense Rate Balance Expense Rate Balance Expense Rate
Assets
Interest-earning assets:
Loans receivable ^(1)^ $ 6,257,741 $ 92,589 5.93 % $ 6,189,531 $ 90,887 5.95 % $ 6,089,440 $ 90,752 5.99 %
Securities ^(2)^ 993,975 6,261 2.55 % 1,001,499 6,169 2.49 % 979,671 5,238 2.17 %
FHLB stock 16,385 354 8.65 % 16,385 360 8.92 % 16,385 357 8.77 %
Interest-bearing deposits in other banks 200,266 2,129 4.26 % 176,028 1,841 4.24 % 180,177 2,313 5.16 %
Total interest-earning assets 7,468,367 101,333 5.44 % 7,383,443 99,257 5.45 % 7,265,673 98,660 5.46 %
Noninterest-earning assets:
Cash and due from banks 53,977 53,670 55,442
Allowance for credit losses (70,222 ) (69,648 ) (67,908 )
Other assets 250,241 249,148 252,410
Total assets $ 7,702,363 $ 7,616,613 $ 7,505,617
Liabilities and Stockholders' Equity
Interest-bearing liabilities:
Deposits:
Demand: interest-bearing $ 81,308 $ 29 0.15 % $ 79,369 $ 27 0.14 % $ 85,443 $ 32 0.15 %
Money market and savings 2,109,221 17,342 3.30 % 2,037,224 16,437 3.27 % 1,845,870 17,324 3.77 %
Time deposits 2,434,659 24,553 4.05 % 2,345,346 24,095 4.17 % 2,453,154 29,139 4.78 %
Total interest-bearing deposits 4,625,188 41,924 3.64 % 4,461,939 40,559 3.69 % 4,384,467 46,495 4.27 %
Borrowings 60,134 684 4.58 % 179,444 2,024 4.57 % 169,525 1,896 4.50 %
Subordinated debentures 130,880 1,586 4.84 % 130,718 1,582 4.84 % 130,239 1,649 5.07 %
Total interest-bearing liabilities 4,816,202 44,194 3.68 % 4,772,101 44,165 3.75 % 4,684,231 50,040 4.30 %
Noninterest-bearing liabilities and equity:
Demand deposits: noninterest-bearing 1,934,985 1,895,953 1,883,765
Other liabilities 140,053 144,654 162,543
Stockholders' equity 811,123 803,905 775,078
Total liabilities and stockholders' equity $ 7,702,363 $ 7,616,613 $ 7,505,617
Net interest income $ 57,139 $ 55,092 $ 48,620
Cost of deposits 2.56 % 2.59 % 2.98 %
Net interest spread (taxable equivalent basis) 1.76 % 1.70 % 1.16 %
Net interest margin (taxable equivalent basis) 3.07 % 3.02 % 2.69 %
^(1)^Includes average loans held for sale
^(2)^Income calculated on a fully taxable equivalent basis using the federal tax rate in effect for the periods presented.

Hanmi Financial Corporation and Subsidiaries Average Balance, Average Yield Earned, and Average Rate Paid (Unaudited) (Dollars in thousands)

Six Months Ended
June 30, 2025 June 30, 2024
Interest Average Interest Average
Average Income / Yield / Average Income / Yield /
Balance Expense Rate Balance Expense Rate
Assets
Interest-earning assets:
Loans receivable ^(1)^ $ 6,223,825 $ 183,476 5.94 % $ 6,113,664 $ 182,427 6.00 %
Securities ^(2)^ 997,716 12,430 2.52 % 974,596 10,193 2.12 %
FHLB stock 16,385 714 8.79 % 16,385 719 8.82 %
Interest-bearing deposits in other banks 188,214 3,969 4.25 % 190,950 4,914 5.18 %
Total interest-earning assets 7,426,140 200,589 5.44 % 7,295,595 198,253 5.46 %
Noninterest-earning assets:
Cash and due from banks 53,824 56,912
Allowance for credit losses (69,936 ) (68,507 )
Other assets 249,697 248,555
Total assets $ 7,659,725 $ 7,532,555
Liabilities and Stockholders' Equity
Interest-bearing liabilities:
Deposits:
Demand: interest-bearing $ 80,344 $ 56 0.14 % $ 85,922 $ 61 0.14 %
Money market and savings 2,073,421 33,779 3.29 % 1,830,478 33,877 3.72 %
Time deposits 2,390,249 48,648 4.10 % 2,480,492 58,195 4.72 %
Total interest-bearing deposits 4,544,014 82,483 3.66 % 4,396,892 92,133 4.21 %
Borrowings 119,460 2,708 4.57 % 165,972 3,551 4.30 %
Subordinated debentures 130,799 3,167 4.84 % 130,163 3,295 5.06 %
Total interest-bearing liabilities 4,794,273 88,358 3.72 % 4,693,027 98,979 4.24 %
Noninterest-bearing liabilities and equity:
Demand deposits: noninterest-bearing 1,915,577 1,902,477
Other liabilities 142,341 163,533
Stockholders' equity 807,534 773,518
Total liabilities and stockholders' equity $ 7,659,725 $ 7,532,555
Net interest income $ 112,231 $ 99,274
Cost of deposits 2.58 % 2.94 %
Net interest spread (taxable equivalent basis) 1.73 % 1.22 %
Net interest margin (taxable equivalent basis) 3.05 % 2.74 %
^(1)^Includes average loans held for sale
^(2)^Amounts calculated on a fully taxable equivalent basis using the federal tax rate in effect for the periods presented.

Non-GAAP Financial Measures

These disclosures should not be viewed as a substitute for results determined in accordance with GAAP, nor is it necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Tangible Common Equity to Tangible Assets Ratio

Tangible common equity to tangible assets ratio is supplemental financial information determined by a method other than in accordance with U.S. generally accepted accounting principles (“GAAP”). This non-GAAP measure is used by management in the analysis of Hanmi’s capital strength. Tangible common equity is calculated by subtracting goodwill and other intangible assets from stockholders’ equity. Banking and financial institution regulators also exclude goodwill and other intangible assets from stockholders’ equity when assessing the capital adequacy of a financial institution. Management believes the presentation of this financial measure excluding the impact of these items provides useful supplemental information that is essential to a proper understanding of the capital strength of Hanmi.

The following table reconciles this non-GAAP performance measure to the GAAP performance measure for the periods indicated:

Tangible Common Equity to Tangible Assets Ratio (Unaudited) (In thousands, except share, per share data and ratios)

June 30, March 31, December 31, September 30, June 30,
Hanmi Financial Corporation 2025 2025 2024 2024 2024
Assets $ 7,862,363 $ 7,729,035 $ 7,677,925 $ 7,712,299 $ 7,586,347
Less goodwill and other intangible assets (11,031 ) (11,031 ) (11,031 ) (11,031 ) (11,048 )
Tangible assets $ 7,851,332 $ 7,718,004 $ 7,666,894 $ 7,701,268 $ 7,575,299
Stockholders' equity ^(1)^ $ 762,834 $ 751,485 $ 732,174 $ 736,709 $ 707,059
Less goodwill and other intangible assets (11,031 ) (11,031 ) (11,031 ) (11,031 ) (11,048 )
Tangible stockholders' equity ^(1)^ $ 751,803 $ 740,454 $ 721,143 $ 725,678 $ 696,011
Stockholders' equity to assets 9.70 % 9.72 % 9.54 % 9.55 % 9.32 %
Tangible common equity to tangible assets ^(1)^ 9.58 % 9.59 % 9.41 % 9.42 % 9.19 %
Common shares outstanding 30,176,568 30,233,514 30,195,999 30,196,755 30,272,110
Tangible common equity per common share $ 24.91 $ 24.49 $ 23.88 $ 24.03 $ 22.99
^(1)^There were no preferred shares outstanding at the periods indicated.

Preprovision Net Revenue

Preprovision net revenue is supplemental financial information determined by a method other than in accordance with U.S. GAAP. This non-GAAP measure is used by management to measure Hanmi’s core operational performance, excluding the impact of provisions for loan losses. By isolating preprovision net revenue, management can better understand the Company’s profitability and make more informed strategic decisions. Preprovision net revenue is calculated adding income tax expense and credit loss expense to net income. Management believes this financial measure highlights the Company's net revenue activities and operational efficiency, excluding unpredictable credit loss expense.

The following table details the Company's preprovision net revenue, which are non-GAAP measures, for the periods indicated:

Preprovision Net Revenue (Unaudited) (In thousands, except percentages)

Percentage Change
June 30, March 31, December 31, September 30, June 30, Q2-25 Q2-25
Hanmi Financial Corporation 2025 2025 2024 2024 2024 vs. Q1-25 vs. Q2-24
Net income $ 15,117 $ 17,672 $ 17,695 $ 14,892 $ 14,451
Add back:
Credit loss expense 7,631 2,721 945 2,286 961
Income tax expense 6,115 7,441 7,632 6,231 5,989
Preprovision net revenue $ 28,863 $ 27,834 $ 26,272 $ 23,409 $ 21,401 3.7 % 34.9 %

EdgarFiling

EXHIBIT 99.2

California | Colorado | Georgia | Illinois | New Jersey | New York | Texas | Virginia | Washington 2 Q 2 5 Ea rning s S u pp l e m en ta l Pre s en tat i o n July 22, 2025 NASDAQ | HAFC

2 TABLE OF CONTENTS 2Q25 PERFORMANCE RESULTS 5 – 21 LOAN PORTFOLIO DETAILS 22 – 31 2Q25 FINANCIAL SUMMARY 32 – 32 NON - GAAP RECONCILIATION 33 – 34

3 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 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, 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, changes in monetary policy, economic uncertainty and changes in economic conditions, potential recessionary conditions, inflation, the effect of the imposition of tariffs and any retaliatory responses, fluctuations in interest rate and credit risk, competitive pressures, our ability to access cost - effective funding, the ability to enter into new markets successfully and capitalize on growth opportunities, balance sheet management, liquidity and sources of funding, the size and composition of our deposit portfolio, including the percentage of uninsured deposits in the portfolio, increased assessments by the Federal Deposit Insurance Corporation, risk and effect of natural disasters, a failure in or breach of our operational or security systems or infrastructure, including cyberattacks, the adequacy of and changes in the economic estimates and methodology of calculating our allowance for credit losses, and other operational factors . 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 July 22 , 2025 , 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 . The Company disclaims any obligation to update or revise the forward - looking statements herein .

4 NON - GAAP FINANCIAL INFORMATION This presentation contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America (“GAAP”) . These non - GAAP measures include tangible common equity to tangible assets, and tangible common equity per share (including without the impact of accumulated other comprehensive income) and pro forma regulatory capital . Management uses these “non - GAAP” measures in its analysis of the Company’s performance . Management believes these non - GAAP financial measures allow for better comparability of period to period operating performance . Additionally, the Company believes this information is utilized by regulators and market analysts to evaluate a company’s financial condition and therefore, such information is useful to investors . These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non - GAAP performance measures that may be presented by other companies . A reconciliation of the non - GAAP measures used in this presentation to the most directly comparable GAAP measures is provided in the Appendix to this presentation .

5 2Q25 HIGHLIGHTS (1) Non - GAAP financial measure; refer to the non - GAAP reconciliation slide Net Income $15.1M Diluted EPS $0.50 ROAA 0.79% ROAE 7.48% NIM 3.07% Efficiency Ratio 55.74% Earnings Performance • Second quarter net income was $15.1 million, or $0.50 per diluted share, compared with$17.7 million, or $0.58 per diluted share in the first quarter; the decline was driven by credit loss expense. • Preprovision net revenues grew 3.7%, or $1.0 million, reflecting a 3.7% increase in net interest income and a five - basis point increase in net interest margin, a 4.5% increase in noninterest income and well - managed noninterest expenses with the efficiency ratio remaining unchanged at 55.7%. Loans and Deposits • Loans receivables were $6.31 billion at June 30, 2025, up 0.4% from the end of the first quarter; loan production for the second quarter was $329.6 million, with a weighted average interest rate of 7.10%. • Deposits were $6.73 billion on June 30, 2025, up 1.7% from the end of the first quarter; noninterest - bearing deposits were 31.3% of total deposits. Asset Quality • Asset quality improved significantly from the first quarter – criticized loans dropped 71.8% to 0.74% of total loans reflecting $85.3 million in loan upgrades, a $20.0 million loan payment, and an $8.6 million loan charge - off • Nonaccrual loans fell 26.8% to 0.41% of total loans reflecting the loan charge - off, and loan delinquencies declined to 0.17% of total loans. Capital • Hanmi’s capital position remains strong with the ratio of tangible common equity to tangible assets (1) at 9.58% and the common equity tier 1 capital ratio at 12.12%, both essentially unchanged from the first quarter • Tangible book value per share was $24.91.

LOAN PRODUCTION 6 Loan production of $329.6 million in the second quarter included a meaningful contribution from residential mortgage production, which increased 52% to $83.8 million quarter - over - quarter. (1) Residential mortgage includes $0.9 million of consumer loans for 2Q25 (2) $54.5 million, $51.6 million, $49.7 million, $55.2 million, and $46.8 million of SBA loan production includes $31.4 million, $25.6 million, $15.4 million, $30.8 million, and $23.3 million of loans secured by CRE and the remainder representing C&I loans for 2Q24, 3Q24, 4Q24, 1Q25 and 2Q25, respectively (3) Production includes purchases of guaranteed SBA loans of $14.5 million, $13.7 million, $20.3 million, $11.0 million, and $0 million for 2Q24, 3Q24, 4Q24, 1Q25, and 2Q25, respectively (4) Production includes mortgage loan purchases of $5.2 million, $10.7 million, $10.0 million, and $10.3 million for 2Q24, 3Q24, 1Q25, and 2Q25, respectively (5) Production includes C&I loan purchases of $0.6 million for 4Q24 $112.0M Commercial real estate loan production $53.4M Commercial and industrial loan production $33.6M Equipment finance production $83.8M Residential mortgage (1,4) production $46.8M SBA (2,3) loan production 32% 32% 43% 42% 34% 30% 10% 16% 26% $273.9 20% 11% 16% 21% $347.8 15% 12% 11% $339.0 15% 12% 12% 18% $345.9 16% 16% 14% 12% $329.6 14% 3Q24 2Q25 2Q24 CRE C&I 4Q24 1Q25 Equipment Finance RRE SBA Weighted Average Coupon on New Production 8.31% 7.92% 7.37% 7.35% 7.10% ($ in millions) (2,3) (1,4) (5)

CRE Construction 1% C&I 15% Equipment Finance 7% (2) (2,5) CRE Multifamily 7% CRE O w (2 ) n er 12% CRE Investor (2) (non - owner) 42% (3) RRE 16% $6.31 Billion Loan Portfolio (as of June 30, 2025) LOAN PORTFOLIO 7 Note: Numbers may not add due to rounding (1) Includes syndicated loans of $395.9 million in total commitments ($283.9 million disbursed) across C&I ($303.3 million committed and $215.0 million disbursed) and CRE ($92.6 million committed and $68.9 million disbursed) (2) CRE is a combination of Investor (non - owner), Owner Occupied, Multifamily, and Construction. Investor (or non - owner occupied) property is where the investor (borrower) does not occupy the property. The primary source of repayment stems from the rental income associated with the respective properties. Owner occupied property is where the borrower owns the property and also occupies it. The primary source of repayment is the cash flows from the ongoing operations and activities conducted by the borrower/owner. Multifamily real estate is a residential property that has 5 or more housing units. (3) Residential real estate is a loan (mortgage) secured by a single family residence, including one to four units (duplexes, triplexes, and fourplexes). RRE also includes $1.2 million of HELOCs and $7.1 million in consumer loans (4) Weighted average DCR and weighted average LTV calculated when the loan was first underwritten or renewed subsequently (5) $75.7 million, or 17.2%, of the CRE multifamily loans are rent - controlled in New York City 2Q25 Average Yield Outstanding ($ in millions) 5.68% $3,949 Commercial Real Estate (CRE) (1,2) Portfolio 5.38% $994 Residential Real Estate (RRE) (3) Portfolio 7.45% $918 Commercial & Industrial (C&I) (1) Portfolio 6.57% $445 Equipment Finance Portfolio Weighted Average Debt Coverage Ratio (4) Weighted Average Loan - to - Value Ratio (4) # of Loans 2.04x 47.9% 836 CRE (2) Investor (non - owner) 2.78x 46.2% 714 CRE (2) Owner Occupied 1.59x 53.8% 153 CRE (2,5) Multifamily

$4,625 $4,462 $4,361 $4,397 $4,384 2Q25 1Q25 4Q24 3Q24 2Q24 4.27% 4.27% 3.96% 3.69% 3.64% Interest - bearing Deposit Costs Average Interest - bearing Deposits DEPOSIT PORTFOLIO Total deposits increased 2% to $6.73 billion , led by a $42.7 million , or 2% , and $38.7 million , or 2% , increase in time and demand deposits, respectively, quarter - over - quarter. Noninterest - bearing demand deposits represented 31.3% of total deposits at June 30, 2025. Estimated uninsured deposit liabilities were 43.3% of the total deposit liabilities. Brokered deposits remained low at 1.3% of the deposit base. Note: Numbers may not add due to rounding 29% 30% 30% 23% Deposits $6,329 16% $6,436 $6,403 16% 15% 20% 22% $6,729 $6,619 17% 18% 20% 19% 31% 31% 1% 1% 1% 1% 1% 31% 31% 33% 31% 32% 2Q25 1Q25 4Q24 2Q24 3Q24 Time > $250K Money Market & Savings Demand Noninterest - bearing Time <= $250K Demand Interest - bearing ($ in millions) Deposits as of 2Q25 ($ in millions) Business Personal $3,006 45% $3,723 55% 8

9 $48.6 $50.1 $53.4 $55.1 $57.1 2.69% 2.74% 2.91% 3.02% 3.07% 2Q24 3Q24 4Q24 Net Interest Income 1Q25 2Q25 NIM NET INTEREST INCOME | NET INTEREST MARGIN ($ in millions) 3.02% - 0.03% 0.02% - 0.03% 0.09% 3.07% 1Q25 Loans Other IB liabilities 2Q25 Other earning IB - deposits assets Increase Decrease Net interest income for the second quarter was $ 57 . 1 million and net interest margin (taxable equivalent) was 3 . 07 % , both up from the first quarter . Net Interest Margin

10 5.78% 5.73% 5.91% 6.02% 6.00% 6.04% 5.95% 5.90% 5.93% 5.99% 3.60% 3.53% 3.97% 4.20% 4.28% 4.29% 4.22% 3.83% 3.67% 3.60% 5.25% 5.50% 5.50% 5.50% 5.50% 5.50% 5.00% 4.50% 4.50% NET INTEREST INCOME SENSITIVITY $90.0 $60.0 $642.9 $658.5 $603.9 $732.9 $718.5 $603.9 $291.5 $289.9 4.12% 3.91% 3.97% 3.92% 3Q25 $1.6 2Q26 4Q25 Wholesale 1Q26 Retail 5.50% 5.00% 4.50% 4.50% 4.50% 4.78% 4.79% 4.55% 4.17% 4.05% 2Q24 3Q24 4Q24 Deposits – CD Maturities 㸦 $ in million 㸧 1Q25 2Q25 Fed Funds Rate (3) Cost of CDs (2) Cost of CDs (4) Numbers may not add due to rounding (1) Loan yield and cost of interest - bearing deposit represent monthly average yield and cost, respectively. Fed funds rate represents the rate at the end of the month. Beta is measured monthly between August 2024, when the fed funds rate was 5.50%, and June 2025, when the fed funds rate was 4.50%. (2) Cost of CDs and interest bearing - deposits for the month of June 2025 wa s 4.01% and 3.60%, respectively (3) Fed funds rate represents the upper - target rate at the end of the quarter (4) Represent weighted average contractual rates Fed Funds Rate Interest - bearing deposit cost Loan Yield Change in the Fed Funds Rate: - 100 bps Loan Beta: 5% Deposit Beta: 69% Loan & Deposit Beta (1) Fed Funds Rate & Cost of CDs

11 37% $2.2 25% $1.5 12% $0.7 14% $0.8 12% $0.7 Service charges on deposit accounts Trade finance and other service charges and fees Servicing income Bank - owned life insurance All other operating income NONINTEREST INCOME $54.5 $51.6 $49.7 $55.2 $46.8 $23.5 $23.0 $21.6 $32.2 $35.4 8.54% 8.54% 8.53% 7.82% 7.61% 2Q24 3Q24 SBA Production 4Q24 SBA Loan Sales 1Q25 2Q25 SBA Trade Premium $6.1 $6.6 $5.7 $5.5 $2.2 $0.3 $1.5 $8.1 $0.4 $1.6 $7.4 $0.3 $1.4 $7.7 $0.2 $2.0 $8.1 2Q24 3Q24 Service charges, fees & other 4Q24 Gain on sale of SBA loans 1Q25 2Q25 Gain of sale of mortgage loans Noninterest Income 㸦 $ in millions 㸧 $8.4 Numbers may not add due to rounding (1) Includes a $0.3 million BOLI benefit in 2Q24, a $0.9 million gain on sale - and - leaseback of bank premises in 3Q24, and a $0.4 million BOLI benefit in 2Q25. Noninterest income for the second quarter was $8.1 million , up 5% from the first quarter, primarily because of a $0.4 million increase in bank - owned life insurance income. 2Q25 Service Charges, Fees & Other 㸦 $ in million 㸧 SBA 7(a) Loan Production and Sales 㸦 $ in million 㸧 (1) (1) (1) $5.9

NONINTEREST EXPENSE 12 (1) Includes a $1.6 million and a $0.6 million gain from the sale of an OREO property in 4Q24 and 2Q25, respectively. Noninterest expense was $36.3 million for the second quarter, up 4% from the first quarter, primarily reflecting a $1.1 million increase in salaries and benefits in the second quarter. $3.7 $4.3 $1.7 $35.3 $5.2 $1.7 $3.7 $4.3 $22.1 $21.0 $20.5 $20.9 $20.4 2Q25 1Q25 4Q24 3Q24 2Q24 Data Processing Occupancy and equipment All other expenses benefits Salaries and employee Professional Fees $35.0 $4.2 $1.5 $3.8 $34.5 $3.9 (1) $1.8 $3.8 $35.1 $4.4 $1.5 $3.8 $4.5 $4.5 $4.5 1.89% 1.85% 1.82% 1.86% 1.89% $36.3 $4.5 (1) Noninterest expense / Average assets ($ in millions)

13 $7.7 $10.7 $13.8 $6.1 $7.7 $15.0 $7.9 $7.1 $18.4 $17.3 $8.2 $9.1 10.9 $3.5 $7.4 0.22% 0.24% 0.28% 0.17% 1Q25 2Q25 All Other Delinquent Loans 2Q24 3Q24 4Q24 Equipment Finance Delinquent Loans Numbers may not add due to rounding ASSET QUALITY – DELINQUENT & CRITICIZED LOANS Delinquent loans / Total loans $34.0 $28.4 $25.7 $46.5 $36.9 $131.6 $139.6 $118.4 $70.9 $160.0 $165.3 $164.9 $46.6 1.15% 2.56% 2.64% 2.62% 0.74% 2Q24 3Q24 Classified 4Q24 1Q25 Special Mention 2Q25 Criticized loans / Total loans (1) Represents loans 30 to 89 days past due and still accruing (2) Includes nonaccrual loans of $18.4 million, $13.6 million, $13.4 million $34.4 million, and $24.1 million as of 2Q24, 3Q24, 4Q24, 1Q25, and 2Q25, respectively (3) Includes two special mention CRE loans of $109.7 million in the hospitality industry and a $20.1 million C&I loan in the healthcare industry (4) Includes two special mention CRE loans of $106.5 million in the hospitality industry, a $19.5 million C&I loan in the healthcare industry and a $12.4 million C&I relationship in the retail industry (5) Includes two special mention CRE loans of $105.8 million in the hospitality industry and a $12.2 million C&I relationship in the retail industry (6) Includes $20.0 million CRE loan designated nonaccrual at March 31, 2025 (7) Includes $12.2 million C&I relationship in the retail industry (8) Includes $11.0 million CRE loan designated nonaccrual at June 30, 2025 Delinquent Loans (1) 㸦 $ in millions 㸧 0.30% (3) (4) The $118.3 million decrease in criticized loans in the second quarter was primarily driven by a $85.3 million upgrade of two CRE loans, a $20.0 million loan paydown, and an $8.6 million loan charge - off. Criticized Loans (2) 㸦 $ in millions 㸧 (5) (6) $12.7 (7) $33.9 (8)

14 Nonperforming assets were $26.0 million at the end of the second quarter, down from $35.5 million at the end of the fourth quarter. The decrease was primarily driven by an $8.6 million charge - off on a commercial real estate loan designated as nonaccrual during the first quarter of 2025. $19.2 $15.5 $14.3 $35.6 $26.0 $0.8 $0.8 $0.1 $0.1 $20.0 $16.3 $14.4 $35.7 $26.0 1Q25 2Q25 2Q24 3Q24 4Q24 Nonperforming loans Note: Numbers may not add due to rounding OREO ASSET QUALITY – NONPERFORMING ASSETS & NONACCRUAL LOANS (1) Nonperforming assets exclude repossessed personal property of $1.2 million, $1.2 million, $0.6 million, $0.7 million, and $0.6 million for 2Q24, 3Q24, 4Q24, 1Q25, and 2Q25, respectively; also excludes the $27.2 million held for sale nonperforming loan at 3Q24. (2) Specific allowance for credit losses for 2Q24, 3Q24, 4Q24, 1Q25, and 2Q25 was $6.8 million, $5.2 million, $6.2 million, $11.8 million, and $4.1 million, respectively (3) RRE includes consumer loans (4) Represents a $11.0 million CRE loan at June 30, 2025 $9.6 $8.8 $8.2 $7.0 $4.5 $2.8 $4.0 $4.0 $20.0 $11.0 $15.2 $3.7 $1.9 $35.5 (2) 4Q24 2Q24 3Q24 Equipment Finance All other CRE and C&I < $3M $19.2 (2) $3.9 $5.9 $0.8 $8.6 (2) $26.0 (2) $14.3 (2) $3.6 $1.9 1Q25 2Q25 RRE (3) All other CRE and C&I >= $3M (4) Nonperforming Assets (1) 㸦 $ in millions 㸧 0.26% 0.21% 0.19% 0.46% 0.33% Nonperforming assets / Total assets Nonaccrual Loans 㸦 $ in millions 㸧

15 $2.1 $2.5 $2.8 $3.0 $0.2 $0.4 $9.4 $2.3 $3.8 $1.3 $3.4 $0.5 $2.9 $3.2 $12.4 2Q24 3Q24 4Q24 Equipment Finance Charge - offs 1Q25 2Q25 All Other Loan Charge - offs ASSET QUALITY – GROSS & NET LOAN CHARGE - OFFS Net Charge - offs / Average loans Note: Numbers may not add due to rounding (1) Includes an $8.6 million commercial real estate loan charge - off $2.4 $2.3 ($0.1) $9.0 $1.8 $1.8 $0.9 $2.0 ($1.1) $1.9 $2.0 $11.4 0.12% 0.06% - 0.01% 0.13% 0.73% ($2.5) ($0.1) 4Q24 2Q24 3Q24 1Q25 2Q25 All Other Net Charge - offs Equipment Finance Net Charge - offs Net charge - offs for the second quarter were $11.4 million and included an $8.6 million loan charge - off. Gross Charge - offs 㸦 $ in millions 㸧 Net Charge - offs (Recoveries) 㸦 $ in millions 㸧 (1) (1)

16 ACL TRENDS $66.8 $70.6 $70.1 $69.2 $67.7 2Q25 1Q25 4Q24 3Q24 2Q24 1.10% 1.11% 1.12% 1.12% 1.06% Allowance for credit losses ACL to Loans $1.0 $2.3 $0.9 $2.4 $7.6 2Q24 3Q24 4Q24 Credit loss expense 1Q25 2Q25 Allowance for credit losses was $ 66 . 8 million at June 30 , 2025 , or 1 . 06 % to total loans, compared with $ 70 . 6 million and 1 . 12 % at the end of the prior quarter . Allowance for Credit Losses 㸦 $ in millions 㸧 Credit Loss Expense 㸦 $ in millions 㸧

17 ACL ANALYSIS BY LOAN TYPE June 30, 2024 September 30, 2024 December 31, 2024 March 31, 2025 June 30, 2025 ($ in millions) Loans Allowance Loans Allowance Loans Allowance Loans Allowance Loans Allowance $ 3,888.5 $ 36.1 $ 3,932.1 $ 37.8 $ 3,949.6 $ 39.3 $ 3,975.7 $ 41.4 $ 3,948.9 $ 37.5 CRE 802.4 10.6 879.1 9.8 863.4 10.0 854.4 6.2 918.0 6.9 C&I 531.3 15.0 507.3 15.7 487.0 15.0 472.6 13.0 445.2 11.8 Equipment Finance 954.2 6.0 939.3 5.9 951.3 5.8 979.5 10.0 993.9 10.6 RRE & Consumer $ 6,176.4 $ 67.7 $ 6,257.7 $ 69.2 $ 6,251.3 $ 70.1 $ 6,282.2 $ 70.6 $ 6,306.0 $ 66.8 Total Note: Numbers may not add due to rounding

18 15 Year 67% 20 Year 19% SECURITIES PORTFOLIO $162 $205 $238 $131 $25 $28 $23 $17 $187 $233 $261 $148 2024 Actual 2027 2026 Interest 3% US Agy MBS - Residential 61% US Agy MBS - Commercial 16% US Agy CMO 7% Municipal 13% UST 12% US Agy 9% US Agy MBS - Residential 44% US Agy MBS - Commerical 7% US Agy CMO 20% Municipal 8% Available for Sale (1) $995 Million < 1 Year 13% 1 to 3 Year 23% 3 to 5 Years 41% > 5 Years 23% Unrealized Loss $77 Million US Agy Securities Duration 3.9 Years $435 Million (2) 30 Year 14% 2025 (3) Principal Note: Numbers may not add due to rounding (1) Based on the book value (2) 93.9% constitutes CRA bonds (3) 2025 year - to - date of $109.6 million of principal paydowns and $14.1 million of interest payments The $994.6 million securities portfolio (all AFS, no HTM) represented 13% of assets at June 30, 2025 and had a weighted average modified duration of 3.9 years with $76.5 million in an unrealized loss position. Principal Paydowns 㸦 $ in millions 㸧 US Agy Residential MBS (Maturity)

19 LIQUIDITY (1) Rate at June 30, 2025, based on 3 - month SOFR + 166 bps (2) Issued in August 2021 and due in July 2031. Commencing on September 1, 2026, the interest rate resets quarterly to the 3 - month SOFR + 310 bps 15.0% 15.5% 15.1% 18.5% 17.9% 17.9% 16.8% 17.3% 16.9% Liquid Assets to Deposits Brokered Deposits to Deposits 18.9% 17.7% 18.3% 17.2% 16.3% 15.3% 0.4% 0.2% 0.9% 1.1% 1.3% 2Q24 3Q24 4Q24 1Q25 2Q25 Liquid Assets to Total Assets Liquid Assets to Total Liabilities Liquidity Position 㸦 $ in millions 㸧 Cash & Securities at Company - only 㸦 $ in millions 㸧 Company - only Subordinated Debentures 㸦 $ in millions 㸧 Liquidity Ratios % of Assets Balance 4.9% 380 $ Cash & cash equivalents 10.8% 847 Securities (unpledged) 0.6% 50 Loans available for Sale 16.3% 1,277 Liquid Assets 19.4% 1,520 FHLB available borrowing capacity 0.3% 26 FRB discount window borrowing capacity 1.8% 140 Federal funds lines (unsecured) available 21.6% 1,686 Secondary Liquidity Sources 37.9% 2,963 $ Bank Liquidity (Liquid Assets + Secondary Liquidity) Balance 9 $ Cash 43 Securities (AFS) 52 $ Amortized Rate Cost Par 5.98% 22 $ 27 $ 2036 Trust Preferred Securities 3.75% 109 110 2031 Subordinated Debt 131 $ 137 $ The Bank and the Company have ample liquidity resources at June 30, 2025. (1) (2)

20 31% 49% 48% 11% 36% 18% 8% 6% 11% 35% 53% 51% 43% 46% 54% $14.5 $14.9 $17.7 $17.7 $15.1 2Q24 Dividend 3Q24 4Q24 Share Repurchase 1Q25 2Q25 Net Income - Retained (2) 9.19% 10.20% 10.15% 9.42% 10.32% 9.41% 10.37% 9.59% 10.27% 9.58% TCE/TA (1) TCE/TA (w/o AFS securities AOCI) (1) (1) Non - GAAP financial measure, refer to the non - GAAP reconciliation slides (2) “Net Income – Retained” is equal to net income minus dividend payout and share repurchases $24.49 $24.91 $23.88 $22.99 $24.03 1Q25 2Q25 4Q24 2Q24 3Q24 9.19% 9.42% 9.41% 9.59% 9.58% CAPITAL MANAGEMENT TCE / TA (1) Prudent capital management while driving shareholder return through stable quarterly dividends and share repurchase program. Tangible book value per share (TBVPS) (1) increased to $24.91 at the end of the second quarter. Contributing to the increase was a $5.5 million decrease in unrealized after - tax losses on securities available for sale, due to changes in interest rates during the second quarter of 2025. TBVPS (1) & TCE/TA (1) Dividend, Share Repurchase & TCE/TA (1) 㸦 $ in millions 㸧

21 REGULATORY CAPITAL 8.00% 6.00% 4.50% 2.50% 15.20% 14.39% 2.50% 12.46% 11.65% 10.50% 8.50% 2.50% 7.00% 12.12% 11.31% Total Capital Tier 1 Capital CET1 Capital Minimum Requirement Company Capital Conservation Buffer Pro Forma (1) 6.50% 13.32% 12.51% 8.00% 13.32% 12.51% 10.00% 14.39% 13.58% Total Capital Tier 1 Capital Bank CET1 Capital Well Capitalized Bank Pro Forma (1) (1) Pro forma illustrates capital ratios with unrealized AFS securities losses at June 30, 2025. Non - GAAP financial measure; refer to the non - GAAP reconciliation slide Company The Company exceeds regulatory minimums and the Bank remains well capitalized at June 30, 2025.

22 USKC ( 1 ) LOANS & DEPOSITS USKC portfolio represented $ 841 . 5 million , or 13 % of the loan portfolio, and $ 950 . 2 million , or 14 % of the deposit portfolio . USKC CRE portfolio had a weighted average debt coverage ratio ( 2 ) of 1 . 97 x and weighted average loan - to - value ( 2 ) of 52 . 3 % . USKC Loans – Top 10 Industries (as of 2Q25) 28% RE Investment 27% 20% 5% 3% Auto Part Manufacturer Hotel Food Education 3% Wholesale - household products 3% Polyester Manufact 2% Golf Course 2% Computer Equipment Manufac 5% 2% Electronics/Home Appliances Other 23% 11% 11% 6% 5% 5% 2% 4% Other Motor Vehicle Parts Manufacturing 3% Electrical 3% Hospitality 27% Auto Part Manufac Electronics/Home Appliances Steel RE Investment/Leasing All Other Financial Investment Activities Food Management of Companies and Enterprises Other USKC Deposits – Top 10 Industries (as of 2Q25) $865 28% 72% $918 26% 74% $937 24% 76% $932 24% 76% $841 23% 77% 2Q24 3Q24 4Q24 CRE C&I USKC Loans by Product 㸦 $ in millions 㸧 1Q25 (3) 2Q25 (4) USKC Deposits by Product 㸦 $ in millions 㸧 $867 $798 $823 61% 57% 53% 54% 59% 35% 37% 42% 41% 36% 2Q25 1Q25 4Q24 3Q24 2Q24 $969 $950 Demand Noninterest - bearing Money Market & Savings (1) U.S. subsidiaries of Korean corporations (2) Weighted average DCR and weighted average LTV calculated when the loan was first underwritten or renewed subsequently (3) Includes $20.0 million CRE loan designated nonaccrual at March 31, 2025 (4) Includes $11.0 million CRE loan designated nonaccrual at June 30, 2025 (5) Time deposits, not illustrated, represent the remainder to add to 100%. (5)

23 Total >3 Years 1 - 3 Years <1 Year ($ in millions) Real Estate Loans 1,116.5 $ 640.7 $ 306.5 $ 169.3 $ Retail 822.0 409.6 267.2 145.2 Hospitality 556.5 65.9 248.8 241.8 Office 1,373.8 570.5 464.6 338.7 Other 3,868.9 $ 1,686.6 $ 1,287.1 $ 895.1 $ Commercial Property 80.1 - 4.0 76.1 Construction 993.9 986.8 - 7.1 RRE/Consumer 4,942.8 $ 2,673.3 $ 1,291.1 $ 978.3 $ Total Real Estate Loans 918.0 348.5 152.8 416.7 C&I (1) 445.2 189.7 222.6 32.8 Equipment Finance 6,306.0 $ 3,211.6 $ 1,666.6 $ 1,427.8 $ Loans Receivable LOAN PORTFOLIO MATURITIES Note: numbers may not add due to rounding (1) $388.1 million of C&I are lines of credit expected to be renewed and maintain a maturity of less than one year

24 LOAN PORTFOLIO DISTRIBUTION Residential Real Estate & Equipment Finance C&I CRE Equipment Finance Residential Real Estate Lines of Credit (2) Term (2) Construction (1) Multifamily Non - owner Occupied Owner Occupied ($ in millions) $445 $994 $479 $439 $80 $440 $2,669 $760 Total Balance $0.04 $0.53 $0.81 $0.38 $10.01 $2.88 $3.19 $1.07 Average $0.03 $0.45 $0.11 $0.07 $6.00 $1.09 $1.17 $0.36 Median $239 $446 $403 $383 $49 $317 $1,889 $557 Top Quintile Balance (3) $0.1 or more $0.7 or more $0.7 or more $0.2 or more $16.4 or more $2.6 or more $3.8 or more $1.2 or more Top Quintile Loan Size $0.12 $1.21 $4.07 $1.68 $24.50 $10.23 $11.45 $3.95 Top Quintile Average $0.09 $0.92 $1.22 $0.41 $24.50 $5.46 $7.88 $2.17 Top Quintile Median (1) Represents the total outstanding amount. Advances require authorization and disbursement requests, depending on the progress of the project and inspections. Advances are non - revolving and are made throughout the term, up to the original commitment amount (2) Term loans are a commitment for a specified term. Majority of the Lines of Credit are revolving, including commercial revolvers, with some non - revolvers (sub - notes and working capital tranches) (3) Top quintile represents top 20% of the loans

LOAN PORTFOLIO DIVERSIFICATION (1) $111.6 million, or 2.8%, and $26.1 million, or 0.7% of the CRE portfolio are unguaranteed and guaranteed SBA loans, respectively (2) $60.0 million, or 6.5%, and $55.9 million, or 6.1%, of the C&I portfolio are unguaranteed and guaranteed SBA loans, respectively Retail 28% Hospitality 21% Office 14% Industrial 11% Multifamily 10% Gas Station 5% Mixed Use 3% Construction 2% Other 6% CRE Portfolio (1) $3,949M Manufacturing 26% Finance & Insurance 18% Retail Trade 6% Wholesale Trade 6% Healthcare 4% Real Estate Rental & Leasing 3% Other 37% C&I Portfolio (2) $918M • CRE (1) represents 62% of the total portfolio • C&I (2) represents 15% of the total portfolio. 25

California $2,558 65% Texas $391 10% Illinois $102 3% New York $256 6% Other $642 16% CRE Composition by State $3,949 ($ in millions) CRE PORTFOLIO GEOGRAPHICAL EXPOSURE 26 California $38 48% New York $17 21% Other $25 31% Construction by State $80 California $439 58% Texas $52 7% New York $8 1% Illinois $14 2% Other $247 32% Owner Occupied by State $760 California $1,843 69% Texas $238 9% Illinois $77 3% New York $155 6% Other $356 13% Investor (Non - owner Occupied) by State $2,669 California $237 54% Texas $101 23% New York $76 17% Illinois $12 3% Other $14 3% Multifamily by State $440

Rate Distribution Portfolio by State Fixed 61% Variable 39% OFFICE LOAN PORTFOLIO 27 (1) Segment represents exposure in CRE and excludes $17.3 million in construction. 5.1% of the portfolio is owner occupied (2) SBA CRE office loans were $9.8 million, or 1.8% of total office loans, at June 30, 2025 (3) Weighted average DCR and weighted average LTV calculated when the loan was first underwritten or renewed subsequently (4) Includes $11.0 million CRE loan designated nonaccrual at June 30, 2025 The CRE office portfolio (1) was $556.5 million (2) at June 30, 2025, representing 9% of the total loan portfolio. $4.5M Average balance of the portfolio 2.02x Weighted average debt coverage ratio (3) of the segment 54.4% Weighted average loan to value (3) of the segment 39.2% of the portfolio is expected to reprice in 1 to 3 months 1.98% of the office portfolio was represented by delinquent loans 2.43% of the office portfolio was represented by criticized loans (4) Remaining = 3% 81% 13% 2% 1%

28 HOSPITALITY SEGMENT (1) SBA loans in the hospitality segment were $19.8 million, or 2.4% of total hospitality loans, at June 30, 2025 (2) Weighted average DCR and weighted average LTV calculated when the loan was first underwritten or renewed subsequently (3) Metropolitan is categorized as a location that is in a major city and in proximity to downtown areas; destination is categorized as a hotel whose location/amenities make it a distinct tourist location; suburban is defined as areas outside of major city hubs and can include more rural areas Hospitality segment represented $822.0 million (1) , or 13% of the total loan portfolio and 21% of the total CRE portfolio at June 30, 2025. $4.5M Average balance of the segment (excluding construction) 2.10x Weighted average debt coverage ratio (2) of the segment 49.4% Weighted average loan to value (2) of the segment $4.0M or 0.49%, of the hospitality segment was criticized as of June 30, 2025 $2.7M in five nonaccrual loans included in the segment - one in a metropolitan (3) area in Texas, one each in suburban/destination areas in Michigan and Tennessee, and two in suburban/destination area in Colorado Metropolitan (3) 60% Destination / Suburban (3) 26% Airport 5% Resort 7% Convention Center 2% Hospitality by Type

29 RETAIL SEGMENT Retail segment represents $1.12 billion (1) , or 18% of the total loan portfolio and 28% of the total CRE portfolio at June 30, 2025. $1.5M Average balance of the segment 2.01x Weighted average debt coverage ratio (2) of the segment 46.0% Weighted average loan to value (2) of the segment $3.7M or 0.3%, of the retail segment was criticized at June 30, 2025 $1.2M or 0.1%, of the retail segment was on nonaccrual status at June 30, 2025 California 72% Texas 12% Illinois Georgia 2% 3% Other 11% Percentage of Portfolio (1) SBA loans in the retail segment are $81.7 million, or 7.3% of total retail loans, at June 30, 2025 (2) Weighted average DCR and weighted average LTV calculated when the loan was first underwritten or renewed subsequently

30 Residential Portfolio RRE Portfolio RESIDENTIAL REAL ESTATE PORTFOLIO The RRE (1) portfolio was $993.9 million at June 30, 2025, representing 16% of the total loan portfolio. Our conservative underwriting policy focuses on high - quality mortgage originations with maximum Loan - to - Value (LTV) ratios between 60% and 70%, maximum Debt - to - Income (DTI) ratios of 43% and minimum FICO scores of 680. 26.1% Fixed Non - QM 91% (3) Jumbo Non - QM 7% (4) QM 2% (2) (1) RRE includes $1.2 million of Home Equity Line of Credit (HELOC) and $7.1 million in consumer loans (2) QM loans conform to the Ability - to - Repay (ATR) rules/requirements of CFPB (3) Non - QM loans do not conform to the CFPB Dodd - Frank Act (4) Jumbo Non - QM loan amounts exceed FHFA limits, but generally conform to the ATR/QM rules Residential Real Estate Portfolio 73.9% Variable 0.67% 0.23% Total 30 - 59 days delinquencies delinquency category 11.6% 88.4% Reset within the Reset after next 12 months 12 months 0.19% 60 - 89 days delinquency category $4.0M / 0.4% on nonaccrual status at June 30, 2025 Percentage of Portfolio

8% EQUIPMENT FINANCE PORTFOLIO 31 21% 7% Portfolio by Industry Portfolio by State Transportation Other (1) 13% Agriculture 3% Other Services 3% Wholesale Trade 6% 4% 4% 3% Remaining = 44% Construction 14% 4% Healthcare 5% 4% 4% 13% 10% Waste Management 13% Manufacturing 12% Retail Trade 5% Professional Services (1) Other includes hospitality and real estate of 3% and 2%, respectively Equipment finance portfolio represented $445.2 million , or 7% of the loan portfolio, at June 30, 2025 Portfolio by Equipment 31% 7% 7% 7% 4% 4% 4% 4% 3% 29%

32 2 Q 25 FINANCIAL SUMMARY Note: numbers may not add due to rounding (1) Percentage change calculated from dollars in thousands; change in basis points for selected balance sheet items and performance metrics (2) Non - GAAP financial measure, refer to the non - GAAP reconciliation slide Change (1) Y/Y Q/Q June 30, 2024 March 31, 2025 June 30, 2025 ($ in millions, except EPS) Income Statement Summary 17.5% 3.7% 48.6 $ 55.1 $ 57.1 $ Net interest income before credit loss 0.2% 4.5% 8.1 7.7 8.1 Noninterest income 15.1% 3.8% 56.7 62.8 65.2 Operating revenue 3.0% 3.9% 35.3 35.0 36.3 Noninterest expense 34.9% 3.7% 21.4 27.8 28.9 Preprovision net revenue 694.1% 180.4% 1.0 2.7 7.6 Credit loss (recovery) expense 3.9% - 15.5% 20.4 25.1 21.3 Pretax income 2.1% - 17.8% 5.9 7.4 6.2 Income tax expense 4.6% - 14.5% 14.5 $ 17.7 $ 15.1 $ Net income 0.48 $ 0.58 $ 0.50 $ EPS - Diluted Selected Balance Sheet Items 2.1% 0.4% 6,176 $ 6,282 $ 6,306 $ Loans receivable 6.3% 1.7% 6,329 6,619 6,729 Deposits 3.6% 1.7% 7,586 7,729 7,862 Total assets 7.9% 1.5% 707 $ 751 $ 763 $ Stockholders’ equity 39 (1) 9.19% 9.59% 9.58% TCE/TA (2) Performance Metrics 2 (15) 0.77% 0.94% 0.79% Return on average assets (2) (144) 7.50% 8.92% 7.48% Return on average equity 38 5 2.69% 3.02% 3.07% Net interest margin (650) 5 62.24% 55.69% 55.74% Efficiency ratio

33 NON - G A A P R E C O N C I L I A T I O N : TANGIBLE COMMON EQUITY TO TANGIBLE ASSET RATIO (1) There were no preferred shares outstanding at the periods indicated June 30, September 30, December 31, March 31, June 30, ($ in thousands, except per share data) 2024 2024 2024 2025 2025 Hanmi Financial Corporation $ 7,586,347 $ 7,712,299 $ 7,677,925 $ 7,729,035 $ 7,862,363 Assets (11,048) (11,031) (11,031) (11,031) (11,031) Less goodwill and other intangible assets $ 7,575,299 $ 7,701,268 $ 7,666,894 $ 7,718,004 $ 7,851,332 Tangible assets $ 707,059 $ 736,709 $ 732,174 $ 751,485 $ 762,834 Stockholders' equity (1) (11,048) (11,031) (11,031) (11,031) (11,031) Less goodwill and other intangible assets $ 696,011 $ 725,678 $ 721,143 $ 740,454 $ 751,803 Tangible stockholders' equity (1) 76,443 55,790 70,342 60,035 54,541 Add AFS securities AOCI $ 772,454 $ 781,468 $ 791,485 $ 800,489 $ 806,344 Tangible stockholder equity without AFS securities AOCI (1) 9.32% 9.55% 9.54% 9.72% 9.70% Stockholders' equity to assets 9.19% 9.42% 9.41% 9.59% 9.58% Tangible common equity to tangible assets (TCE/TA) (1) 10.20% 10.15% 10.32% 10.37% 10.27% TCE/TA (w/o AFS securities AOCI) (1) 30,272,110 30,196,755 30,195,999 30,233,514 30,176,568 Common shares outstanding $ 22.99 $ 24.03 $ 23.88 $ 24.49 $ 24.91 Tangible common equity per common share

34 NON - G A A P R E C O N C I L I A T I O N : PRO FORMA REGULATORY CAPITAL Bank (1) Company (1) ($ in thousands) Total Risk - based Tier 1 Common Equity Tier 1 Total Risk - based Tier 1 Common Equity Tier 1 $942,875 $873,118 $873,118 $996,444 $816,687 $794,364 Regulatory capital (54,541) (54,541) (54,541) (54,450) (54,450) (54,450) Unrealized losses on AFS securities $888,334 $818,577 $818,577 $941,994 $762,237 $739,914 Adjusted regulatory capital $6,553,634 $6,553,634 $6,553,634 $6,553,725 $6,553,725 $6,553,725 Risk weighted assets (11,760) (11,760) (11,760) (11,233) (11,233) (11,233) Risk weighted assets impact of unrealized losses on AFS securities $6,541,874 $6,541,874 $6,541,874 $6,542,492 $6,542,492 $6,542,492 Adjusted Risk weighted assets 14.39% 13.32% 13.32% 15.20% 12.46% 12.12% Regulatory capital ratio as reported - 0.81% - 0.81% - 0.81% - 0.81% - 0.81% - 0.81% Impact of unrealized losses on AFS securities 13.58% 12.51% 12.51% 14.39% 11.65% 11.31% Pro forma regulatory capital ratio Note: numbers may not add due to rounding (1) Pro forma capital ratios at June 30, 2025.

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