Earnings of Hanmi Financial (HAFC) are likely to dip this year due to the sensitivity of net interest margin to interest rate decline. However, loans will likely continue to grow this year due to management's initiatives, which will support earnings. Moreover, provisions will likely decline in 2020 after surging in 2019 on the back of a problematic relationship. Overall, I'm expecting HAFC's earnings to decrease by 7% year-over-year in 2020. The December 2020 target price suggests a significant upside from the current market price, making HAFC a feasible investment for a holding period