Hanmi Financial Corporation Q4 Profit Declines 20%

(RTTNews) - Hanmi Financial Corporation (HAFC) announced earnings for fourth quarter that lost ground from last year.

The company said its profit declined to $11.50 million, or $0.36 per share. This was down from $14.42 million, or $0.45 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.48 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Hanmi Financial Corporation earnings at a glance:

-Earnings (Q4): $11.50 Mln. vs. $14.42 Mln. last year. -Earnings Decline (Y-o-Y): -20.2% -EPS (Q4): $0.36 vs. $0.45 last year. -EPS Decline (Y-o-Y): -20.0% -Analysts Estimate: $0.48