What Drove The Revenue Change For Nasdaq:Hafc Last Quarter?

I’ll keep this punchy and practical: last quarter’s revenue change for Hanmi (Nasdaq:HAFC) is most likely driven by three stacked factors — net interest income swings, volatility in noninterest income, and one-off adjustments.

Net interest income changes come from how fast loan yields reprice versus how quickly deposit costs rise. If rates were higher and Hanmi’s loans repriced faster than deposit costs, NII likely rose; if deposit betas ate into yields, margin could compress. Noninterest income is where surprises hide — lower mortgage origination income, fewer loan sales, or weaker fee income can drop revenue, while gains on securities or a strong quarter of wealth-management fees can boost it. Then there are one-time items like asset sales, merger costs, or reserve adjustments that move headline revenue without reflecting ongoing operations.

To be sure, I’d read the quarterly press release and the 'Form 10-Q', check MD&A and the earnings call for management color, and compare line items like net interest margin, average earning assets, mortgage banking income, and gains/losses on securities. That gives the clearest picture beyond the headline number, and usually answers whether the change was structural or temporary.

Alright — digging into what likely drove the revenue movement for Nasdaq:HAFC last quarter, I’d break it down like I’m explaining a plot twist in a favorite series: there are a couple of main characters (net interest income and noninterest income) and a few surprise cameos (one-time items, credit provisioning, and deposit behavior) that shift the story.

Net interest income is usually the headline for a regional bank like Hanmi. If short-term rates moved up in the prior months, Hanmi’s loan yields would generally rise as variable-rate loans reprice, which boosts interest income. But there’s a counterparty: deposit cost. When deposit betas climb (customers demanding higher rates on their savings), interest expense rises and can eat into net interest margin. So revenue changes often reflect the tug-of-war between loan/asset yields rising faster than funding costs, or vice versa. I’d be looking at whether the quarter showed loan growth (new loans added), changes in the securities portfolio yields, or notable shifts in average earning assets — those are core reasons for material NII swings.

Beyond that, noninterest income tends to be the wildcard. Mortgage banking income, service charges, wealth management fees, and gains or losses on securities/loan sales can move a lot quarter-to-quarter. If mortgage origination volumes slumped (which a lot of banks experienced amid higher rates), that could drag revenue down. Conversely, a quarter with a securities sale gain or a strong quarter of fee income can bump total revenue up even if NII is stable. One-time items matter too: asset sales, litigation settlements, merger-related gains or costs, or reserve releases/charges can make the headline revenue look different from core operating performance.

If I were checking this live, I’d scan Hanmi’s press release and the 'Form 10-Q' for the period and focus on the Management Discussion & Analysis and the income statement footnotes. Look for changes in net interest margin, average loans and deposits, mortgage banking revenue, and any reported gains/losses or restructuring charges. Finally, listen to the earnings call transcript — management often calls out deposit betas, loan pipeline commentary, and one-offs. For me, the most believable narrative is a mix: some NII movement from rate/funding dynamics plus a swing in noninterest income (mortgage or securities-related) and perhaps a small one-off that nudged the quarter’s top-line. That’s the kind of multilayered explanation I’d expect, and it usually matches what I see when I dig into the statement line-by-line.