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

Earnings per Share

12 Months Ended

Dec. 31, 2020

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, 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

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

⁽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, 2020, 2019 and 2018.