LOS ANGELES, March 25, 2022 (GLOBE NEWSWIRE) — Hanmi Monetary Company (Nasdaq: HAFC) (“Hanmi”), the holding firm for Hanmi Financial institution, introduced right now that it was named by S&P International Market Intelligence as one of many top-performing neighborhood banks in america.
Hanmi was ranked No. 16 in S&P International Market Intelligence’s 2021 Prime 50 Neighborhood Banks with property between $3 billion and $10 billion.
“We’re thrilled to be acknowledged among the many nation’s prime giant neighborhood banks,” Bonnie Lee, President and Chief Government Officer of Hanmi Monetary Company, stated.
“Our robust 2021 monetary efficiency is reflective of the strategic enlargement of our product and repair choices and diversifying our mortgage and deposit portfolios. By working intently with our prospects, we additional strengthened our portfolio and asset high quality metrics. Mixed, these efforts resulted in very robust monetary outcomes for the 12 months. This rating is a particular recognition of the Hanmi workforce’s laborious work to ship for our prospects, communities, and shareholders,” Lee added.
To compile this rating, S&P International Market Intelligence calculated scores for every firm primarily based on six metrics: pretax return on tangible widespread fairness; effectivity ratio; working income progress; internet charge-offs to common loans and leases internet of Paycheck Safety Program loans ratio; nonperforming property and loans 90 days or extra overdue as a proportion of complete property, internet of PPP loans; and leverage ratio. Every firm’s commonplace deviation from the trade imply was calculated for each rating metric, weighted, then mixed to derive a efficiency rating. To assist normalize the info and mitigate the impression of outliers, caps and flooring had been utilized for every metric.
About Hanmi Monetary Company
Headquartered in Los Angeles, California, Hanmi Monetary Company owns Hanmi Financial institution, which serves multi-ethnic communities by means of its community of 35 full-service branches and 9 mortgage manufacturing workplaces in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington and Georgia. Hanmi Financial institution makes a speciality of actual property, industrial, SBA and commerce finance lending to small and center market companies. Further data is offered at www.hanmi.com.
Contacts
Romolo (Ron) Santarosa
Senior Government Vice President & Chief Monetary Officer
213-427-5636
Larry Clark
Investor Relations
Monetary Profiles, Inc.
310-622-8223
Supply: Hanmi Financial institution
