Filing Flows › Hanmi Financial (HAFC) › Q1 2025
Hanmi Financial (HAFC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Hanmi Financial (HAFC) reported revenue of $62.8M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +3% from the quarter before. Operating margin was 28.1%, net earnings $17.7M (28.1% of revenue).
Hanmi Financial, Q1 2025: revenue $62.8M (+8% year over year), operating margin 28.1%, net earnings $17.7M, operating cash flow $26.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $62.8M | +3% | +8% |
| Operating profit | $17.7M | -0.1% | +17% |
| Net earnings | $17.7M | -0.1% | +17% |
| Operating cash flow | $26.4M | +91% | -12% |
| Free cash flow | $26.1M | +101% | -11% |
What changed
Revenue was $62.8M in Q1 2025, up 8% year over year and up 3% from the previous quarter.
Operating profit was $17.7M, a 28.1% margin (up 2.2 points year over year). Of the extra revenue versus a year earlier, 57% reached operating profit, above the 26% margin then. Total costs grew 4% against revenue growth of 8%. Net earnings were $17.7M, up 17% year over year. The effective tax rate was 29.6%. Non-operating items added $7.4M, 30% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $26.4M (down 12% year over year), 149% of net earnings. Non-cash charges added back $1.6M of depreciation and amortization and $873K of share-based compensation. Working capital and other items added $6.2M. Capital expenditures of $263K left free cash flow of $26.1M.
Questions
What was Hanmi Financial's revenue in the first quarter 2025?
Hanmi Financial (HAFC) reported revenue of $62.8M for the first quarter 2025 (Q1 2025), +8% from a year earlier and +3% from the quarter before.
Was Hanmi Financial profitable in the first quarter 2025?
Operating profit was $17.7M (28.1% of revenue) and net earnings $17.7M.
Source: Hanmi Financial 10-Q on SEC EDGAR.