KBRA Releases Comment on Hanmi’s Fourth-Quarter 2019 Results
NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases a comment on Hanmi Financial Corporation’s (NASDAQ: HAFC) (“Hanmi” or “the company”) fourth-quarter 2019 results. On January 28, 2020, Los Angeles, California-based HAFC (KBRA senior BHC rating: BBB ) released earnings, and the current quarter results included a material provision expense totaling $10.8 million, of which $6.9 million is associated with a $39.7 million credit relationship placed on nonaccrual in 2Q19. Although l
KBRA Releases Comment on Hanmi’s Fourth-Quarter 2019 Results
NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) releases a comment on Hanmi Financial Corporation’s (NASDAQ: HAFC) (“Hanmi” or “the company”) fourth-quarter 2019 results. On January 28, 2020, Los Angeles, California-based HAFC (KBRA senior BHC rating: BBB ) released earnings, and the current quarter results included a material provision expense totaling $10.8 million, of which $6.9 million is associated with a $39.7 million credit relationship placed on nonaccrual in 2Q19. Although l