Hanmi Financial Declares Cash Dividend of $0.07 Per Share
December 19 2014 - 9:21PM
Hanmi Financial Corporation (Nasdaq:HAFC) ("Hanmi"), the holding
company for Hanmi Bank, today announced that its Board of Directors
declared a cash dividend on its common stock of $0.07 per share.
The dividend will be paid on January 15, 2015, to stockholders of
record as of the close of business on December 31, 2014. The
payment of cash dividends remains subject to review by the
appropriate regulatory authorities on a quarterly basis.
About Hanmi Financial Corporation
Headquartered in Los Angeles, Hanmi Bank, a wholly-owned
subsidiary of Hanmi Financial Corporation, provides services to the
multi-ethnic communities across California, Texas, Illinois,
Virginia, New Jersey and New York with 49 full-service branches as
well as loan production offices in Colorado, Texas, Virginia, and
Washington State. Hanmi Bank specializes in commercial, SBA and
trade finance lending, and is a recognized community leader. Hanmi
Bank's mission is to provide a full range of quality products and
premier services to its customers and to maximize shareholder
value. Additional information is available at www.hanmi.com.
Forward-Looking Statements
This press release contains forward-looking statements, which
are included in accordance with the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995. In some cases,
you can identify forward-looking statements by terminology such as
"may," "will," "should," "could," "expects," "plans," "intends,"
"anticipates," "believes," "estimates," "predicts," "potential," or
"continue," or the negative of such terms and other comparable
terminology. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.
All statements other than statements of historical fact are
"forward--looking statements" for purposes of federal and state
securities laws, including, but not limited to, statements about
anticipated future operating and financial performance, financial
position and liquidity, business strategies, regulatory and
competitive outlook, investment and expenditure plans, capital and
financing needs and availability, plans and objectives of
management for future operations, developments regarding our
capital plans, strategic alternatives for a possible business
combination, merger or sale transaction, and other similar
forecasts and statements of expectation and statements of
assumption underlying any of the foregoing. These statements
involve known and unknown risks, uncertainties and other factors
that may cause our actual results, levels of activity, performance
or achievements to differ from those expressed or implied by the
forward-looking statement. These factors include the following:
failure to maintain adequate levels of capital and liquidity to
support our operations; the effect of potential future supervisory
action against us or Hanmi Bank; general economic and business
conditions internationally, nationally and in those areas in which
we operate; volatility and deterioration in the credit and equity
markets; changes in consumer spending, borrowing and savings
habits; availability of capital from private and government
sources; demographic changes; competition for loans and deposits
and failure to attract or retain loans and deposits; fluctuations
in interest rates and a decline in the level of our interest rate
spread; risks of natural disasters related to our real estate
portfolio; risks associated with Small Business Administration
loans; failure to attract or retain key employees; changes in
governmental regulation, including, but not limited to, any
increase in FDIC insurance premiums; ability of Hanmi Bank to make
distributions to Hanmi Financial, which is restricted by certain
factors, including Hanmi Bank's retained earnings, net income,
prior distributions made, and certain other financial tests;
ability to identify a suitable strategic partner or to consummate a
strategic transaction; adequacy of our allowance for loan losses;
credit quality and the effect of credit quality on our provision
for credit losses and allowance for loan losses; changes in the
financial performance and/or condition of our borrowers and the
ability of our borrowers to perform under the terms of their loans
and other terms of credit agreements; our ability to control
expenses; and changes in securities markets. In addition, we set
forth certain risks in our reports filed with the U.S. Securities
and Exchange Commission, including, Item 1A of our Annual Report on
Form 10-K for the year ended December 31, 2013, our Quarterly
Reports on Form 10-Q, and Current Reports on Form 8-K that we will
file hereafter, which could cause actual results to differ from
those projected. We undertake no obligation to update such
forward-looking statements except as required by law.
CONTACT: Michael McCall
EVP & Chief Financial Officer
213-427-5701
Lasse Glassen
Investor Relations, Addo Communications
310-829-5400
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