Hanmi Financial Corporation (HAFC) announced its fourth-quarter profit, which, although lower than the previous year's figures, surpassed Wall Street's projections.
The company's earnings amounted to $17.70 million, translating to $0.58 per share, compared to $18.63 million or $0.61 per share from the same quarter last year.
On average, analysts had projected earnings of $0.53 per share, typically excluding any special items.
Overview of Hanmi Financial Corporation's GAAP earnings:
- Net Income: $17.70 million compared to last year's $18.63 million.
- Earnings Per Share (EPS): $0.58 versus $0.61 from the prior year.
