Revenue during the quarter grew 5.52 percent to $49.65 million from $47.06 million in the previous year period. Net interest income for the quarter rose 9.81 percent over the prior year period to $42.35 million. Non-interest income for the quarter rose 3.68 percent over the last year period to $7.22 million.

Hanmi Financial Corporation has made negative provision of $0.08 million for loan losses during the quarter, compared with a negative provision of $1.52 million in the same period last year.

Net interest margin contracted 9 basis points to 3.89 percent in the quarter from 3.98 percent in the last year period. Efficiency ratio for the quarter improved to 54.95 percent from 57.25 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

Mr. C. G. Kum, president and chief executive officer, said, "Hanmi’s first quarter results represent a good start to the year with strong loan and deposit growth, improving asset quality and a successful debt capital raise. Robust origination activity drove loans receivable 10% higher on an annualized basis in the first quarter and up more than 19% from a year ago, while net interest income grew nearly 10% year-over-year. During the quarter we continued to benefit from our C&I lending efforts with solid performance from our Commercial Equipment Leasing division. Importantly, credit quality remained excellent with nonperforming assets declining to 36 basis points of total assets and net recoveries in the quarter of $803,000. In addition, I continue to be very pleased with our deposit franchise, and in particular, the strength of our retail branch network as our money market and savings balances grew more than 15% in the quarter. As a result, total deposits increased nearly 29% on an annualized basis in the quarter and 17% compared to last year."

Deposits stood at $4,083.16 million as on Mar. 31, 2017, up 16.66 percent compared with $3,499.99 million on Mar. 31, 2016.

Noninterest-bearing deposit liabilities were $1,241.27 million or 30.40 percent of total deposits on Mar. 31, 2017, compared with $1,172.44 million or 33.50 percent of total deposits on Mar. 31, 2016.

Investments stood at $548.01 million as on Mar. 31, 2017, down 18.82 percent or $127.02 million from year-ago. Shareholders equity was at $539.54 million as on Mar. 31, 2017.

Return on average assets moved down 23 basis points to 1.18 percent in the quarter from 1.41 percent in the last year period. At the same time, return on average equity decreased 146 basis points to 10.46 percent in the quarter from 11.92 percent in the last year period.

Nonperforming assets moved down 32.22 percent or $8.28 million to $17.41 million on Mar. 31, 2017 from $25.69 million on Mar. 31, 2016. Meanwhile, nonperforming assets to total assets was 0.36 percent in the quarter, down from 0.60 percent in the last year period.

Tier-1 leverage ratio stood at 11.22 percent for the quarter, down from 11.70 percent for the previous year quarter. Average equity to average assets ratio was 11.21 percent for the quarter, down from 11.85 percent for the previous year quarter.