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3Q23 Earnings Supplemental Presentation

October 24, 2023

Forward-Looking Statements

Hanmi Financial Corporation (the "Company") cautions investors that any statements contained herein that are not historical facts are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, those statements regarding operating and financial performance, financial position and liquidity, business strategies, regulatory, economic and competitive outlook, investment and expenditure plans, capital and financing needs and availability, litigation, plans and objectives, merger or sale activity, the effects of COVID-19 on our business, financial condition and results of operations, and all other forecasts and statements of expectation or assumption underlying any of the foregoing. These statements involve known and unknown risks and uncertainties that are difficult to predict. Investors should not rely on any forward-looking statement and should consider risks, such as changes in governmental policy, legislation and regulations, economic uncertainty and changes in economic conditions, inflation, the continuing impact of the COVID-19 pandemic on our business and results of operations, fluctuations in interest rate and credit risk, competitive pressures, the ability to succeed in new markets, balance sheet management, liquidity and sources of funding, the size and composition of our deposit portfolio, a potential government shutdown, including the percentage of uninsured deposits in the portfolio, increased assessments by the Federal Deposit Insurance Corporation, and other operational factors.

Forward-looking statements are based upon the good faith beliefs and expectations of management as of this date only and are further subject to additional risks and uncertainties, including, but not limited to, the risk factors set forth in our earnings release dated October 24, 2023, including the section titled "Forward Looking Statements and the Company's most recent Form 10-K,10-Q and other filings with the Securities and Exchange Commission ("SEC"). Investors are urged to review our earnings release dated October 24, 2023, including the section titled "Forward Looking Statements and the Company's SEC filings. The Company disclaims any obligation to update or revise the forward-looking statements herein.

2

Non-GAAP Financial Information

This presentation contains financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). These non-GAAP measures include tangible common equity to tangible assets, and tangible common equity per share. Management uses these "non-GAAP" measures in its analysis of the Company's performance. Management believes these non-GAAP financial measures allow for better comparability of period to period operating performance. Additionally, the Company believes this information is utilized by regulators and market analysts to evaluate a company's financial condition and therefore, such information is useful to investors. These disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. A reconciliation of the non-GAAP measures used in this presentation to the most directly comparable GAAP measures is provided in the Appendix to this presentation.

3

3Q23 Highlights

Net Income

Diluted EPS

ROAA

ROAE

NIM

Efficiency Ratio

TBVPS(1)

$18.8M

$0.62

1.00%

9.88%

3.03%

51.82%

$21.45

    • Net income was $18.8 million, or $0.62 per diluted share, down 8.8% from $20.6 million, or $0.67 per diluted share, for the prior quarter
      • Net interest income was $54.9 million, down 1.0% from the prior quarter
      • Noninterest income was $11.2 million, up 41.5% from the prior quarter; includes $4.0 million gain on a branch sale-and-leaseback
      • Noninterest expense was $34.2 million, down 0.1% from the prior quarter
      • Efficiency ratio was 51.82%, compared with 54.11% for the prior quarter
    • Loans receivable were $6.02 billion, up 0.9% from the prior quarter
      • Loan production was $336.3 million with a weighted average interest rate of 7.80%
    • Deposits were $6.26 billion, down 0.9% from the prior quarter, with noninterest-bearing demand deposits representing 34.5% of total deposits
      • Cost of interest-bearingdeposits was 3.53%, up 28 basis points from the prior quarter
    • Credit loss expense was $5.2 million; allowance for credit losses to loans was 1.12% at September 30, 2023
    • Tangible common equity to tangible assets(1) was 8.89%, Common equity tier 1 capital ratio was 11.95% and total capital ratio was 15.07%
  2. Non-GAAPfinancial measure; refer to the non-GAAP reconciliation slide

4

Loan Production

Loan production of $336.3 million for 3Q23 reflected balanced contribution from nearly all business lines and meaningful increases in the weighted average interest rate on new production.

90000%

80000%

70000%

60000%

50000%

40000%

30000%

20000%

10000%

0%

6.85% 7.19% 7.39% 7.80%

5.55%

($ in millions)

$492.3

$473.8

9%

11%

29%

23%

$303.6

$336.3

11%

11%

$259.3

17%

19%

16%

12%

32%

21%

18%

39%

29%

23%

20%

20%

27%

9%

13%

32%

18%

25%

16%

3Q22

4Q22

1Q23

2Q23

3Q23

CRE

C&I

Equipment Finance

RRE(1)

SBA (2)

0.0021

Weighted average

interest rate on

new production

•

Weighted average interest rate on new

production was up 41 basis points

sequentially.

•

Commercial real estate loan production

was $106.2 million and equipment finance

production was $71.1 million for the third

quarter.

•

Commercial and industrial loan production

was $67.9 million and residential

mortgage(1) loan production was $55.0

million.

•

SBA(2) loan production was $36.1 million for

the third quarter.

0

  1. Residential mortgage includes $0.0, $0.1 million, $2.0 million, $0.0, and $0.0 of consumer loans for 3Q22, 4Q22, 1Q23, 2Q23, and 3Q23, respectively
  2. $44.9 million, $53.2 million, $34.5 million, $30.9 million, and $18.5 million of SBA loan production includes $27.1 million, $36.7 million, $22.6 million, $19.4 million, and $17.6 million of loans secured by CRE and the remainder representing C&I as of 3Q22, 4Q22, 1Q23, 2Q23, and 3Q23, respectively

5

Loan Portfolio

$6.02 Billion Loan Portfolio

(as of September 30, 2023)

Commercial Real Estate (CRE)(1,2) Portfolio

Outstanding ($ in millions)

$3,773

3Q23 Average Yield

5.39%

Residential Real Estate (RRE)(3) Portfolio

Outstanding ($ in millions)

$926

3Q23 Average Yield

4.83%

Commercial & Industrial (C&I)(1) Portfolio

Outstanding ($ in millions)

$729

3Q23 Average Yield

8.88%

Equipment Finance Portfolio

Outstanding ($ in millions)

$593

3Q23 Average Yield

5.56%

Note: Numbers may not add due to rounding

Equipment

Finance

- 10%

C&I -

12%

(3)

RRE -

15%

CRE(2)

CRE(2)

Construction

Owner

- 1%

- 12%

CRE (2)

Multifamily

- 7%

CRE

Investor

(non- owner)(2)

- 43%

CRE(2) Investor (non-owner)

# of Loans

887

Weighted Average Loan-to-Value Ratio(4)

50.4%

Weighted Average Debt Coverage Ratio(4)

2.08x

CRE(2) Owner Occupied

# of Loans

757

Weighted Average Loan-to-Value Ratio(4)

47.8%

Weighted Average Debt Coverage Ratio(4)

2.67x

CRE(2) Multifamily

# of Loans

158

Weighted Average Loan-to-Value Ratio(4)

56.7%

Weighted Average Debt Coverage Ratio(4)

1.62x

  1. Includes syndicated loans of $278.6 million in total commitments ($220.8 million disbursed) across C&I ($249.3 million committed and $191.5 million disbursed) and CRE ($29.3 committed and disbursed)
  2. Commercial Real Estate (CRE) is a combination of Investor (non-owner), Owner Occupied, Multifamily, and Construction. Investor (or non-owner occupied) property is where the investor does not occupy the property. The primary source of repayment stems from the rental income associated with the respective properties. Owner occupied property is where the borrower owns the property and also occupies it. The primary source of repayment is the cash flow from the ongoing operations and activities conducted by the borrower/owner. Multifamily real estate is a residential property that has 5 or more housing units.
  3. Residential real estate is a loan (mortgage) secured by a single family residence, including one to four units (duplexes, triplexes, and fourplexes). RRE also includes $2.0 million of HELOCs and $4.2 million in consumer loans
  4. Weighted average DCR and weighted average LTV calculated when the loan was first underwritten or renewed subsequently

6

Loan Portfolio Diversification

Loan portfolio is well diversified across collateral types and industry types; CRE represents 63% of the total portfolio and C&I represents 12%.

CRE Portfolio(1)

C&I Portfolio(2)

$3.77B

$729M

Construction

2%

Mixed Use -

Other -

3%

Gas Station -

6%

Manufacturing

6%

Retail -

- 26%

Other - 33%

29%

Multifamily -

10%

Industrial -

Finance &

Insurance -

10%

14%

Hospitality -

Real Estate

19%

Rental &

Office -

Leasing -

5%

15%

Healthcare -

Wholesale

8%

Trade - 6%

Retail Trade -

(1)

$113.6 million, or 3.0%, of the CRE portfolio are unguaranteed SBA loans

8%

(2)

$50 million, or 6.9%, of the C&I portfolio are unguaranteed SBA loans

7

CRE Portfolio Geographical Exposure

($ in millions)

CRE Composition by State

$3,773

Illinois -

$85

2%Other -

$513

Multifamily by State

Construction by State

$388

$85

Illinois -

Other -

$14

$16

4%

4%

Other -

New York -

$7

$79

7%

20%

New York -

$18

22%

Texas -

California -

California -

$65

$214

$60

17%

55%

New York - $217 6%

13%

71%

Owner Occupied by State

Investor (Non-owner

Occupied) by State

$728

Texas - $363 10%

California -

$2,595

69%

$2,572

Illinois -

$56

2%

New York -

Other -

$281

Other -

California -

$112

11%

$211

$451

4%

Illinois -

29%

62%

$15

Texas -

2%

$254

10%

New York -

$7

California -

1%

$1,869

Texas -

($ in millions)

73%

$44

6%

8

Loan Portfolio Distribution

CRE

($ in millions)

Owner

Non-owner

(1)

Multifamily

Construction

Occupied

Occupied

Total Balance

Total Balance

$728

$2,572

$388

$85

Average

Average

$0.96

$2.90

$2.46

$9.42

Median

Median

$0.31

$1.13

$1.00

$2.09

Top Quintile Balance(3)

Top Quintile Balance

(3)

$544

$1,834

$275

$56

Top Quintile Loan Size

Top Quintile Loan Size

$1.1 or more

$3.5 or more

$2.4 or more

$25.7 or more

Top Quintile Average

Top Quintile Average

$3.62

$10.42

$8.59

$27.90

Top Quintile Median

Top Quintile Median

$2.00

$6.69

$4.27

$27.90

Residential Real Estate & Equipment Finance

Residential Real Estate

Equipment Finance

Total Balance

$926

$593

Average

$0.53

$0.05

Median

$0.46

$0.03

Top Quintile Balance (3)

$380

$299

Top Quintile Loan Size

$0.7 or more

$0.1 or more

Top Quintile Average

$1.10

$0.12

Top Quintile Median

$0.92

$0.10

C&I

($ in millions)

Term (2)

Lines of Credit(2)

$375

$354

$0.38

$0.64

$0.05

$0.05

$337

$304

$0.1 or more

$0.7 or more

$1.76

$4.06

$0.23

$1.48

($ in millions)

  1. Represents the total outstanding amount. Advances require authorization and disbursement requests, depending on the progress of the project and inspections. Advances are non-revolving and are made throughout the term, up to the original commitment amount
  2. Term loans are commitment for a specified term. Majority of the Lines of Credit are revolving, including commercial revolvers, with some non-revolvers(sub-notes and working capital tranches)
  3. Top quintile represents top 20% of the loans

9

Loan Portfolio Maturities

($ in millions)

<1 Year

1-3 Years

>3 Years

Total

Real estate loans

Retail

$

106.9

$

309.4

$

681.4

$

1,097.7

Hospitality

112.7

221.2

371.8

705.7

Office

47.1

224.2

304.0

575.3

Other

115.8

455.9

737.8

1,309.5

Commercial Property

382.5

1,210.7

2,095.0

3,688.2

Construction

54.4

28.3

2.1

84.8

RRE / Consumer

4.1

0.1

922.1

926.3

Total Real Estate Loans

441.0

1,239.1

3,019.2

4,699.3

C&I (1)

261.8

208.4

258.6

728.8

Equipment Finance

28.0

187.8

376.9

592.7

Loans receivable

$

730.8

$

1,635.3

$

3,654.7

$

6,020.8

Note: numbers may not add due to rounding

  1. $224.7 million of C&I are lines of credit expected to be renewed and maintain a maturity of less than one year

10

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Disclaimer

Hanmi Financial Corporation published this content on 24 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 October 2023 20:28:02 UTC.