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Hanmi Financial HAFC IL — Operating Loss Carryforwards

Other geography segments

CA
$131.4M0.0%

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Other financials

Income statement

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Revenue$72.2M+10.7%
Operating income$23.5M+55.5%
Net income$23.5M+55.5%
EPS (diluted)$0.79+58.0%

Balance sheet

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Total debt$36.1M-6.6%
Total equity$812.7M+6.5%
Total assets$8.0B+1.8%

Cash flow

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Operating cash flow$23.9M-9.4%
CapEx$1.1M+92.1%
Free cash flow$23.4M-10.4%

Valuation

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Market cap$939.29M+36.3%
P/E10.5×0.0×
P/S3.3×+0.5×

Profitability

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Operating margin29.1%
Net margin31.2%+4.8pp
FCF margin78.8%+59.2pp

Returns & leverage

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Return on equity11.3%+2.4pp
Debt / equity0.0×

Where this comes from

Reported directly by Hanmi Financial in its filing.

Tagged under the XBRL concept us-gaap:OperatingLossCarryforwards.

The source filing: Hanmi Financial’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 3:48 PM EST
Fiscal year
FY2025
Accession
0001193125-26-082425

As of December 31, 2025, the Company had net operating loss carryforwards of $2.2 million and $192.3 million for federal and state income tax purposes, respectively. The federal net operating loss carryforwards of $2.2 million expire in 2035. The state net operating loss carryforwards included California of $131.4 million which expire at various dates from 2034 through 2040, and Illinois of $60.9 million which expire at various dates from 2038 through 2039. Management determined that a partial valuation allowance was required against the Illinois net operating loss carryforwards.

Item 16. Form 10-K Summary

FAQ

What is Hanmi Financial's IL — operating loss carryforwards?
Hanmi Financial (HAFC) reported IL — operating loss carryforwards of $60.9M in Q4 2025.
How has Hanmi Financial's IL — operating loss carryforwards changed year-over-year?
Hanmi Financial's IL — operating loss carryforwards decreased by 1.6% year-over-year, from $61.9M to $60.9M.
What does IL — operating loss carryforwards mean?
This metric represents the accumulated tax losses generated by operations within the Illinois geographic segment that can be applied to offset future taxable income. It serves as a tax asset that reflects the historical profitability challenges or strategic investments made within this specific regional market. Investors monitor this to assess the potential for future tax savings and the long-term recovery trajectory of the bank's operations in this territory.

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