Hanmi Financial Corporation (NASDAQ:HAFC) Q2 2023 Earnings Conference Call July 25, 2023 5:00 PM ET

Company Participants

Larry Clark - Investor Relations

Bonnie Lee - President and Chief Executive Officer

Anthony Kim - Chief Banking Officer

Ron Santarosa - Chief Financial Officer

Conference Call Participants

Matthew Erdner - JonesTrading Institutional Services

Matt Fedorjaka - KBW

Adam Butler - Piper Sandler

Operator

Ladies and gentlemen, welcome to the Hanmi Financial Corporation's Second Quarter 2023 Conference Call. As a reminder, today's call is being recorded for replay purposes. [Operator Instructions]

I would now like to turn the call over to Larry Clark, Investor Relations for the company. Please go ahead.

Larry Clark

Thank you, Doug, and thank you all for joining us today to discuss Hanmi's second quarter 2023 financial results. This afternoon, Hanmi issued its earnings release and quarterly supplemental slide presentation to accompany today's call. Both documents are available in the IR section of the company's website at hanmi.com.

I'm here today with Bonnie Lee, President and Chief Executive Officer of Hami Financial Corporation; Anthony Kim, Chief Banking Officer; and Ron Santarosa, Chief Financial Officer. Bonnie will begin today's call with an overview and Anthony will discuss loan and deposit activities as Ron will provide details on our financial performance and then Bonnie will provide closing comments before we open the call up to your questions.

Before we begin, I'd like to remind you that today's comments may include forward-looking statements under the federal securities laws. Forward-looking statements are based on current plans, expectations, events and financial industry trends that may affect the company's future operating results and financial position. Our actual results may differ materially from those contemplated by our forward-looking statements, which involve risks and uncertainties. Discussions of the factors that could cause our actual results to differ materially from these forward-looking statements can be found in our SEC filings, including our reports on Forms 10-K and 10-Q. In particular, we direct you to the discussion of certain risk factors affecting our business contained in our earnings release, in our investor presentation and in our Form 10-K.

With that, I would now like to turn the call over to Bonnie Lee. Bonnie, please go ahead.

Bonnie Lee

Thank you, Larry. Good afternoon, everyone, and thank you for joining us today to discuss our results for the second quarter of 2023. As you all well know, the second quarter was a challenging time for the banking industry with the rising interest rates, ongoing economic uncertainty and the aftermath of the banking industry events in March. I am pleased to report that even with these challenges, Hanmi delivered solid results for the second quarter of 2023 highlighted by healthy deposit growth, continued expansion of our Corporate Korea initiative, disciplined expense management and continued improvement in credit quality. We attribute these results to our successful relationship banking model and our team's consistent and steady execution of our strategy.