Hanmi Financial Corp. (HAFC) reported fourth-quarter net income of $5.51 million, up from $5.31 million in the same quarter of last year. However, on a per share basis, net income declined to $0.22 from $0.28 last year.
Net interest income for the quarter declined to $24.43 million from $25.97 million in the prior year quarter. Total non-interest income was $6.35 million, up from $6.05 million in year ago quarter.
All per share results are adjusted to reflect the 1-for-8 reverse split, which became effective on December 19, 2011, the company said.
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