Hanmi Financial Corp. in Los Angeles said late Tuesday that it lost $105.5 million, or $2.30 a share, in the second quarter as a result of a $107.4 million goodwill impairment charge as well as a sixfold increase in its loan-loss provision from a year earlier, to $19.2 million.

Analysts on average had expected Hanmi to earn 12 cents a share, according to Thomson Reuters.

The year earlier, Hanmi’s net income was $15.3 million.

The $3.9 billion-asset company said that its Hanmi Bank remained well-capitalized at June 30, with Tier 1 and total risk-based capital ratios of 9.39% and 10.64%, respectively.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.