Hanmi Financial Management

Management criteria checks 3/4

Hanmi Financial's CEO is Bonnie Lee, appointed in Aug 2013, has a tenure of 11.25 years. total yearly compensation is $2.07M, comprised of 36.8% salary and 63.2% bonuses, including company stock and options. directly owns 0.54% of the company’s shares, worth €4.04M. The average tenure of the management team and the board of directors is 7.7 years and 8.6 years respectively.

Key information

Bonnie Lee

Chief executive officer

US$2.1m

Total compensation

CEO salary percentage	36.8%
CEO tenure	11.3yrs
CEO ownership	0.5%
Management average tenure	7.7yrs
Board average tenure	8.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bonnie Lee's remuneration changed compared to Hanmi Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$63m
Jun 30 2024	n/a	n/a	US$67m
Mar 31 2024	n/a	n/a	US$73m
Dec 31 2023	US$2m	US$763k	US$80m
Sep 30 2023	n/a	n/a	US$89m
Jun 30 2023	n/a	n/a	US$98m
Mar 31 2023	n/a	n/a	US$102m
Dec 31 2022	US$2m	US$704k	US$101m
Sep 30 2022	n/a	n/a	US$106m
Jun 30 2022	n/a	n/a	US$105m
Mar 31 2022	n/a	n/a	US$102m
Dec 31 2021	US$2m	US$616k	US$98m
Sep 30 2021	n/a	n/a	US$79m
Jun 30 2021	n/a	n/a	US$69m
Mar 31 2021	n/a	n/a	US$56m
Dec 31 2020	US$1m	US$545k	US$42m
Sep 30 2020	n/a	n/a	US$31m
Jun 30 2020	n/a	n/a	US$27m
Mar 31 2020	n/a	n/a	US$20m
Dec 31 2019	US$1m	US$477k	US$33m
Sep 30 2019	n/a	n/a	US$41m
Jun 30 2019	n/a	n/a	US$45m
Mar 31 2019	n/a	n/a	US$57m
Dec 31 2018	US$444k	US$389k	US$58m
Sep 30 2018	n/a	n/a	US$58m
Jun 30 2018	n/a	n/a	US$56m
Mar 31 2018	n/a	n/a	US$55m
Dec 31 2017	US$560k	US$349k	US$54m

Compensation vs Market: Bonnie's total compensation ($USD2.07M) is above average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Bonnie's compensation has been consistent with company performance over the past year.

CEO

Bonnie Lee (61 yo)

11.3yrs

Tenure

US$2,073,765

Compensation

Ms. Bonita I. Lee, also known as Bonnie, has been Chief Executive Officer of Hanmi Financial Corporation and Hanmi Bank since May 3, 2019 and its President since June 15, 2018. She served as Chief Operatin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Bonita Lee	President	11.3yrs	US$2.07m	0.54% € 4.0m
Romolo Santarosa	Senior EVP & CFO	9yrs	US$977.96k	0.21% € 1.6m
Anthony Kim	Senior EVP & Chief Banking Officer	no data	US$670.51k	0.13% € 956.0k
Matthew Fuhr	Executive VP & Chief Credit Officer of Hanmi Bank	7.7yrs	US$591.25k	0.10% € 747.8k
Michael Du	Executive VP & Chief Risk Officer	5yrs	US$435.44k	0.037% € 271.6k
Joseph Pangrazio	Senior VP & Chief Accounting Officer	3.1yrs	no data	0.0097% € 71.8k
Vivian Kim	Executive VP	no data	no data	no data

7.7yrs

Average Tenure

61yo

Average Age

Experienced Management: HF7N's management team is seasoned and experienced (7.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bonita Lee	President	5.6yrs	US$2.07m	0.54% € 4.0m
Michael Yang	Independent Director	8.8yrs	US$129.01k	0.092% € 681.1k
James Marasco	Independent Director	less than a year	no data	no data
Gideon Yu	Independent Director	3.8yrs	US$124.09k	0.042% € 310.6k
John Ahn	Independent Chairman	9.9yrs	US$153.14k	0.16% € 1.2m
Harry Chung	Independent Director	8.8yrs	US$129.39k	0.11% € 852.5k
Thomas Williams	Independent Director	8.4yrs	US$132.18k	0.078% € 580.5k
David Rosenblum	Independent Vice Chairman	10.6yrs	US$149.68k	0.11% € 834.2k
Christie Chu	Independent Director	9.7yrs	US$131.93k	0.092% € 679.1k
Gloria Lee	Independent Director	3yrs	US$121.30k	0.035% € 261.3k

8.6yrs

Average Tenure

59yo

Average Age

Experienced Board: HF7N's board of directors are considered experienced (8.6 years average tenure).

Hanmi Financial Management

Management criteria checks 3/4

Key information

Recent management updates

Hanmi Financial Corporation, Annual General Meeting, May 22, 2024

Hanmi Financial Corporation and Hanmi Bank Appoints James Marasco to the Board of Directors

Hanmi Financial Corporation, Annual General Meeting, May 25, 2022

High number of new directors

Hanmi Names Gideon Yu to Its Board of Directors

Hanmi Financial Corporation Announces Management Appointments

Recent updates

Investor sentiment improves as stock rises 20%

Third quarter dividend of US$0.25 announced

Hanmi Financial Corporation Declares Cash Dividend for the Fourth Quarter 2024, Payable on November 20, 2024

Third quarter 2024 earnings released: EPS: US$0.50 (vs US$0.62 in 3Q 2023)

Hanmi Financial Corporation to Report Q3, 2024 Results on Oct 22, 2024

Second quarter dividend of US$0.25 announced

Hanmi Financial Corporation Declares Cash Dividend for the Third Quarter of 2024, Payable on August 21, 2024

Second quarter 2024 earnings released: EPS: US$0.48 (vs US$0.68 in 2Q 2023)

Investor sentiment improves as stock rises 18%

Hanmi Financial Corporation to Report Q2, 2024 Results on Jul 23, 2024

First quarter dividend of US$0.25 announced

First quarter 2024 earnings released: EPS: US$0.50 (vs US$0.72 in 1Q 2023)

Hanmi Financial Corporation Reports Net Charge Offs for the First Quarter Ended March 31, 2024

The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Hanmi Financial Corporation

The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Hanmi Financial Corporation

Hanmi Financial Corporation, Annual General Meeting, May 22, 2024

Full year 2023 earnings released: EPS: US$2.63 (vs US$3.33 in FY 2022)

Fourth quarter dividend of US$0.25 announced

Hanmi Financial Corporation and Hanmi Bank Appoints James Marasco to the Board of Directors

Full year 2023 earnings released: EPS: US$2.64 (vs US$3.33 in FY 2022)

Hanmi Financial Corporation to Report Q4, 2023 Results on Jan 23, 2024

Hanmi Financial Corporation Declares Cash Dividend for the 2023 Fourth Quarter, Payable on November 22, 2023

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.62 (vs US$0.89 in 3Q 2022)

Hanmi Financial Corporation to Report Q3, 2023 Results on Oct 24, 2023

Hanmi Financial Corporation Declares Cash Dividend, Payable on August 23, 2023

Second quarter 2023 earnings released: EPS: US$0.68 (vs US$0.82 in 2Q 2022)

Hanmi Financial Corporation to Report Q2, 2023 Results on Jul 25, 2023

First quarter 2023 earnings released: EPS: US$0.72 (vs US$0.68 in 1Q 2022)

Full year 2022 earnings released: EPS: US$3.33 (vs US$3.23 in FY 2021)

Hanmi Financial Corporation Declares Cash Dividend on Its Common Stock for the 2023 First Quarter, Payable on February 23, 2023

Full year 2022 earnings released: EPS: US$3.35 (vs US$3.23 in FY 2021)

Hanmi Financial Corporation to Report Q4, 2022 Results on Jan 24, 2023

Hanmi Financial Corporation Declares Cash Dividend, Payable on November 23, 2022

Third quarter 2022 earnings released: EPS: US$0.90 (vs US$0.87 in 3Q 2021)

Hanmi Financial Corporation Reports Net Charge-Offs for the Third Quarter of 2022

Hanmi Financial Corporation to Report Q3, 2022 Results on Oct 25, 2022

Hanmi Financial Corporation Increases Quarterly Cash Dividend, Payable on August 24, 2022

Second quarter 2022 earnings released: EPS: US$0.83 (vs US$0.72 in 2Q 2021)

Hanmi Financial Corporation to Report Q2, 2022 Results on Jul 26, 2022

First quarter 2022 earnings released: EPS: US$0.68 (vs US$0.54 in 1Q 2021)

Hanmi Financial Corporation, Annual General Meeting, May 25, 2022

Hanmi Financial Corporation to Report Q1, 2022 Results on Apr 26, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Hanmi Financial Corporation Increases First Quarter Cash Dividend, Payable on February 24, 2022

High number of new directors

Third quarter 2021 earnings released: EPS US$0.87 (vs US$0.53 in 3Q 2020)

Independent Director Kiho Choi has left the company

Second quarter 2021 earnings released: EPS US$0.73 (vs US$0.30 in 2Q 2020)

Hanmi Financial Corporation(NasdaqGS:HAFC) dropped from Russell Microcap Growth Index

Hanmi Financial Corporation Declares Cash Dividend for the Second Quarter of 2021, Payable on May 27, 2021

First quarter 2021 earnings released: EPS US$0.55 (vs US$0.077 in 1Q 2020)

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS US$1.38 (vs US$1.06 in FY 2019)

New 90-day high: €13.10

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS US$1.39 (vs US$1.06 in FY 2019)

New 90-day high: €11.30

Hanmi Names Gideon Yu to Its Board of Directors

Full year 2020 earnings released: EPS US$1.39 (vs US$1.06 in FY 2019)

Hanmi Financial Corporation to Report Q4, 2020 Results on Jan 26, 2021

New 90-day high: €9.45

New 90-day high: €9.15

New 90-day high: €9.05

Third quarter 2020 earnings released: EPS US$0.54

Third quarter earnings released

Hanmi Financial Corporation Announces Management Appointments

Hanmi Financial Corporation to Report Q3, 2020 Results on Oct 27, 2020

New 90-day low - €7.50