Hanmi Financial Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2011

NOTE 9 — EARNINGS (LOSS) PER SHARE

Earnings (loss) per share (“EPS”) is calculated on both a basic and a diluted basis. Basic EPS excludes dilution and is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted from the issuance of common stock that then shared in earnings, excluding common shares in treasury. Unvested restricted stock is excluded from the calculation of weighted-average common shares for basic EPS. For diluted EPS, weighted-average common shares include the impact of restricted stock under the treasury method.

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


	2011						2010
	(Numerator)		(Denominator)				(Numerator)			(Denominator)
	Net Income		Weighted- Average Shares		Per Share Amount		Net Loss			Weighted- Average Shares		Per Share Amount
	(Dollars in Thousands, Except Per Share Data)
Three Months Ended September 30:
Basic EPS	$	4,203		151,107,790	$	0.03	$	(14,577	)		122,789,120	$	(0.12	)
Effect of Dilutive Securities – Options, Warrants and Unvested Restricted Stock		—		150,600		—		—			—		—

Diluted EPS	$	4,203		151,258,390	$	0.03	$	(14,577	)		122,789,120	$	(0.12	)

Nine Months Ended September 30:
Basic EPS	$	22,641		151,091,317	$	0.15	$	(93,321	)		75,204,528	$	(1.24	)
Effect of Dilutive Securities – Options, Warrants and Unvested Restricted Stock		—		155,424		—		—			—		—

Diluted EPS	$	22,641		151,246,741	$	0.15	$	(93,321	)		75,204,528	$	(1.24	)

For the three and nine months ended September 30, 2011 and 2010, there were 3,121,200 and 3,226,891 options, warrants and unvested restricted stock outstanding, respectively, that were not included in the computation of diluted EPS because their effect would be anti-dilutive.