Shares of Hanmi Financial Corporation (HAFC) surged 6.34% in Wednesday's trading session, driven by the company's impressive third-quarter results and optimistic outlook. The regional bank, which focuses on serving Korean-American communities, reported significant improvements in key financial metrics and raised its full-year guidance.

Hanmi's net income for Q3 2025 jumped to $22.1 million, or $0.73 per diluted share, compared to $15.1 million, or $0.50 per share, in the previous quarter. This substantial increase was primarily attributed to higher net interest income and lower credit loss expenses. The bank's pre-provision net revenue also saw a notable 16.4% increase to $47 million, demonstrating the strength of its core business.

Investors were particularly encouraged by Hanmi's loan growth and improved asset quality. The bank reported a 3.5% increase in total loans to $6.53 billion, with significant growth in commercial and industrial (C&I) loan production. In light of this strong performance, management raised its full-year loan growth guidance to the mid-single-digit range, up from the previous low to mid-single-digit forecast. Additionally, the bank's U.S. subsidiaries of Korean companies (USKC) initiative showed promising results, with USKC loan balances rising 8.2% to $910 million.

The positive sentiment was further reinforced by analysts, with Keefe Bruyette raising its price target on Hanmi Financial to $30.50 from $29, maintaining a Market Perform rating. This upward revision in price targets, coupled with the bank's strong quarterly performance and optimistic outlook, likely contributed to the significant stock price increase observed in the market.