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

Earnings per Share

12 Months Ended

Dec. 31, 2019

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⁾
Year Ended December 31, 2019
Basic EPS
Net income	$	32,788		30,725,376	$	1.07
Less: income allocated to unvested restricted stock		230		30,725,376		0.01
Basic EPS	$	32,558		30,725,376	$	1.06
Effect of dilutive securities - options and unvested restricted stock		—		35,046		—
Diluted EPS
Net income	$	32,788		30,760,422	$	1.07
Less: income allocated to unvested restricted stock		230		30,760,422		0.01
Diluted EPS	$	32,558		30,760,422	$	1.06

Year Ended December 31, 2018
Basic EPS
Net income	$	57,868		31,924,863	$	1.81
Less: income allocated to unvested restricted stock		359		31,924,863		0.01
Basic EPS	$	57,509		31,924,863	$	1.80
Effect of dilutive securities - options and unvested restricted stock		—		126,470		—
Diluted EPS
Net income	$	57,868		32,051,333	$	1.80
Less: income allocated to unvested restricted stock		359		32,051,333		0.01
Diluted EPS	$	57,509		32,051,333	$	1.79

Year Ended December 31, 2017
Basic EPS
Net income	$	54,660		32,071,585	$	1.71
Less: income allocated to unvested restricted stock		339		32,071,585		0.01
Basic EPS	$	54,321		32,071,585	$	1.70
Effect of dilutive securities - options and unvested restricted stock		—		178,333		—
Diluted EPS
Net income	$	54,660		32,249,918	$	1.70
Less: income allocated to unvested restricted stock		339		32,249,918		0.01
Diluted EPS	$	54,321		32,249,918	$	1.69

⁽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 and shares of unvested restricted stock outstanding for the years ended December 31, 2019, 2018 and 2017.