Hanmi Financial Corporation Annual report pursuant to Section 13 and 15(d)

Earnings per Share

12 Months Ended

Dec. 31, 2022

Note 16 — Earnings per Share

The following table is a reconciliation of the components used to derive basic and diluted EPS for the periods indicated:


			Weighted-
	Net		Average		Per
	Income		Shares		Share
	(Numerator)		(Denominator)		Amount (1)
	(dollars in thousands except share and per share data)
Year Ended December 31, 2022
Basic EPS
Net income	$	101,394		30,299,148	$	3.35
Less: income allocated to unvested restricted stock		558		30,299,148		0.02
Basic EPS	$	100,836		30,299,148	$	3.33
Effect of dilutive securities - options and unvested restricted stock		—		92,909		—
Diluted EPS
Net income	$	101,394		30,392,057	$	3.34
Less: income allocated to unvested restricted stock		558		30,392,057		0.02
Diluted EPS	$	100,836		30,392,057	$	3.32

Year Ended December 31, 2021
Basic EPS
Net income	$	98,677		30,393,559	$	3.25
Less: income allocated to unvested restricted stock		671		30,393,559		0.02
Basic EPS	$	98,006		30,393,559	$	3.22
Effect of dilutive securities - options and unvested restricted stock		—		78,188		—
Diluted EPS
Net income	$	98,677		30,471,747	$	3.24
Less: income allocated to unvested restricted stock		671		30,471,747		0.02
Diluted EPS	$	98,006		30,471,747	$	3.22

Year Ended December 31, 2020
Basic EPS
Net income	$	42,196		30,280,415	$	1.39
Less: income allocated to unvested restricted stock		532		30,280,415		0.02
Basic EPS	$	41,664		30,280,415	$	1.38
Effect of dilutive securities - options and unvested restricted stock		—		—		—
Diluted EPS
Net income	$	42,196		30,280,415	$	1.39
Less: income allocated to unvested restricted stock		532		30,280,415		0.02
Diluted EPS	$	41,664		30,280,415	$	1.38

(1)

Per share amounts may not be able to be recalculated using net income and weighted-average shares presented above due to rounding.

There were no anti-dilutive options outstanding for the years ended December 31, 2022, 2021 and 2020.