Hanmi Financial Declares Cash Dividend of $0.27 per share

LOS ANGELES, April 24, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or "Hanmi"), the parent company of Hanmi Bank (the "Bank"), today announced that its Board of Directors declared a cash dividend on its common stock for the 2025 second quarter of $0.27 per share. The dividend will be paid on May 21, 2025, to stockholders of record as of the close of business on May 5, 2025.

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, five loan production offices and three loan centers 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 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; 
 
   -- 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 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

Source: Hanmi Bank

(END) Dow Jones Newswires

April 24, 2025 08:30 ET (12:30 GMT)