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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
October 28
Hanmi Financial Corp. of Los Angeles said Thursday that its net loss improved in the third quarter and its bank returned to a well-capitalized regulatory standing.
The $3 billion-asset Korean-American banking company posted a net loss of $14.6 million in the quarter compared with a net loss of $59.7 million a year earlier and a net loss of $29.3 million in the second quarter.
In July, Hanmi raised $120 million in capital through a public offering and a rights offering. This helped the company raise capital ratios at its banking subsidiary, Hanmi Bank, which regulators had ordered to raise $100 million in capital.
Hanmi Bank became well capitalized, with a total risk-based capital ratio of 11.61% as of Sept. 30, compared with 7.35% at the end of the previous quarter.
The company has been reducing its balance sheet aggressively in the past two years. Total assets fell 14% year over year, to $2.97 billion, but rose 2% compared with the second quarter.
Hanmi reduced its total nonperforming loans by 19%, to $215.3 million, compared with the second quarter.
Nonperforming assets, however, were up nearly 7% from the third quarter of 2009.
