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Compared to Estimates, Hanmi Financial (HAFC) Q3 Earnings: A Look at Key Metrics
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Hanmi Financial (HAFC - Free Report) reported $66.08 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 8.2%. EPS of $0.62 for the same period compares to $0.89 a year ago.
The reported revenue represents a surprise of +5.45% over the Zacks Consensus Estimate of $62.67 million. With the consensus EPS estimate being $0.61, the EPS surprise was +1.64%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hanmi Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency Ratio: 51.8% versus 54.6% estimated by three analysts on average.
Net interest margin: 3% versus 3% estimated by three analysts on average.
Net loan charge-offs (recoveries) to average loans: 0.6% versus 0.1% estimated by three analysts on average.
Average Balance - Total interest-earning assets: $7.20 billion versus $7.16 billion estimated by two analysts on average.
Total Non-interest income: $11.23 million versus $7.93 million estimated by three analysts on average.
Net Interest Income: $54.86 million versus $54.90 million estimated by two analysts on average.
Net Interest Income (tax equivalent basis): $54.86 million versus $54.70 million estimated by two analysts on average.
Service charges on deposit accounts: $2.61 million compared to the $2.81 million average estimate based on two analysts.
Other operating income: $6.30 million versus $2.46 million estimated by two analysts on average.
Trade finance & other service charges and fees: $1.16 million versus the two-analyst average estimate of $1.10 million.
Shares of Hanmi Financial have returned -9.4% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Compared to Estimates, Hanmi Financial (HAFC) Q3 Earnings: A Look at Key Metrics
Hanmi Financial (HAFC - Free Report) reported $66.08 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 8.2%. EPS of $0.62 for the same period compares to $0.89 a year ago.
The reported revenue represents a surprise of +5.45% over the Zacks Consensus Estimate of $62.67 million. With the consensus EPS estimate being $0.61, the EPS surprise was +1.64%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hanmi Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 51.8% versus 54.6% estimated by three analysts on average.
- Net interest margin: 3% versus 3% estimated by three analysts on average.
- Net loan charge-offs (recoveries) to average loans: 0.6% versus 0.1% estimated by three analysts on average.
- Average Balance - Total interest-earning assets: $7.20 billion versus $7.16 billion estimated by two analysts on average.
- Total Non-interest income: $11.23 million versus $7.93 million estimated by three analysts on average.
- Net Interest Income: $54.86 million versus $54.90 million estimated by two analysts on average.
- Net Interest Income (tax equivalent basis): $54.86 million versus $54.70 million estimated by two analysts on average.
- Service charges on deposit accounts: $2.61 million compared to the $2.81 million average estimate based on two analysts.
- Other operating income: $6.30 million versus $2.46 million estimated by two analysts on average.
- Trade finance & other service charges and fees: $1.16 million versus the two-analyst average estimate of $1.10 million.
View all Key Company Metrics for Hanmi Financial here>>>Shares of Hanmi Financial have returned -9.4% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.