Hanmi Bank rises from Koreatown lender to regional bank

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Hanmi Bank rises from Koreatown lender to regional bank - Korea Economic Daily

Quick Summary:

Profile photo of Hanmi Capital CEO Bonnie Lee (far left) (Captured from Hanmi Bank LinkedIn profile)SOLID EARNINGSHanmi Financial’s net income edged up to $14.9 million in the third quarter, compared with $14.5 million in the prior three months.“These results reflect the continued success of our relationship banking model and our portfolio diversification strategy,” said Bonnie Lee, CEO of Hanmi, in a third-quarter earnings report in October.

OUTPERFORMING A LARGER RIVALDespite its smaller assets and earnings, Hanmi Financial outperformed Hope Bancorp in terms of both net interest margin (NIM) and share price in the third quarter.

Today, Hanmi Bank, under Nasdaq-listed Hanmi Financial Corp., has grown into one of the US' top 10 Asian American-owned banks, symbolizing the rising influence of the Korean community in the world's largest economy.