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Last $11.84 USD
Change Today 0.00 / 0.00%
Volume 0.0
HMNF On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

hmn financial inc (HMNF) Snapshot

Open
$11.84
Previous Close
$11.84
Day High
$11.84
Day Low
$11.84
52 Week High
10/2/14 - $13.95
52 Week Low
11/14/14 - $10.06
Market Cap
53.1M
Average Volume 10 Days
901.8
EPS TTM
$0.76
Shares Outstanding
4.5M
EX-Date
10/20/08
P/E TM
15.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for HMN FINANCIAL INC (HMNF)

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hmn financial inc (HMNF) Details

HMN Financial, Inc. operates as the holding company for Home Federal Savings Bank that provides community banking products and services in Minnesota, Iowa, and Wisconsin. It accepts various deposits products, such as savings, negotiable order of withdrawal, money market, and non-interest and bearing checking accounts, as well as certificate accounts comprising individual retirement accounts for retail and commercial customers. The company also offers loan products, including one-to-four family residential real estate loans, commercial real estate and multi-family loans, construction loans, and commercial business loans, as well as consumer loans, including home equity loans, automobile loans, mobile home loans, lot loans, loans secured by deposit accounts, and other loans for household and personal purposes. In addition, it provides financial planning products and services; operates foreclosed properties; and invests in mortgage-backed and related securities, the United States government agency obligations, and other permissible investment products. The company serves its customers through corporate office located in Rochester, Minnesota and its seven branch offices located in Albert Lea, Austin, La Crescent, Rochester, Spring Valley, and Winona, Minnesota; two loan origination offices located in Minnesota and Wisconsin; and two private banking offices located in Rochester, Minnesota. HMN Financial, Inc. was founded in 1933 and is based in Rochester, Minnesota.

180 Employees
Last Reported Date: 07/21/15
Founded in 1933

hmn financial inc (HMNF) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $386.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $246.4K
Chief Operating Officer of Home Federal Savin...
Total Annual Compensation: $246.2K
Compensation as of Fiscal Year 2014.

hmn financial inc (HMNF) Key Developments

HMN Financial Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

HMN Financial Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of USD 5,070,000 compared to USD 5,020,000 a year ago. Net interest income was USD 4,679,000 compared to USD 4,714,000 a year ago. Income before income tax expense was USD 929,000 compared to USD 4,150,000 a year ago. Net income available to common shareholders was USD 585,000 or USD 0.13 per diluted share compared to USD 2,006,000 or USD 0.44 per diluted share a year ago. Return on average assets (annualized) was 0.42% compared to 1.62% a year ago. Return on average equity (annualized) was 3.50% compared to 12.32% a year ago. The decrease in net income in the second quarter of 2015 was due primarily to a USD 2.0 million increase in the provision for loan losses because there were fewer recoveries on previously charged off loans and fewer credit rating upgrades in the second quarter of 2015 compared to the same period in 2014. For the six months period, the company reported total interest income of USD 9,954,000 compared to USD 10,447,000 a year ago. Net interest income was USD 9,237,000 compared to USD 9,807,000 a year ago. Income before income tax expense was USD 1,650,000 compared to USD 6,844,000 a year ago. Net income available to common shareholders was USD 938,000 or USD 0.20 per diluted share compared to USD 3,105,000 or USD 0.68 per diluted share a year ago. Return on average assets (annualized) was 0.37% compared to 1.36 % a year ago. Return on average equity (annualized) was 3.04% compared to 9.91% a year ago. Book value per share was USD 15.06 as on June 30, 2015 compared to USD 14.18 as on June 30, 2014.

HMN Financial, Inc. Announces Board Changes, Effective June 8, 2015

On May 18, 2015, Karen Himle advised HMN Financial Inc. of her resignation from the board of directors of the company, effective June 8, 2015. On May 20, 2015, the board of directors of the company accepted Ms. Himle's resignation and elected Patricia S. Simmons to the board of directors of the company, effective June 8, 2015. Dr. Simmons, age 64, retired in December 2014 from the Mayo Clinic, where she was a member of the medical staff from 1983 until her retirement, and served in various executive and administrative positions, most recently as executive medical director for Health Policy, Medical Director of Mayo Clinic Abroad, and Professor and Chair of the Division of Pediatric and Adolescent Gynecology.

HMN Financial Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

HMN Financial Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $0.5 million for the first quarter of 2015, a decrease of $1.1 million compared to net income of $1.6 million for the first quarter of 2014. Net income available to common shareholders was $0.4 million for the first quarter of 2015, a decrease of $0.7 million from the net income available to common shareholders of $1.1 million for the first quarter of 2014. Diluted earnings per common share for the first quarter of 2015 were $0.08, a decrease of $0.16 from diluted earnings per common share of $0.24 for the first quarter of 2014. The decrease in net income between the periods was due primarily to a $1.6 million increase in the provision for loan losses because there were fewer commercial loan payoffs and credit rating upgrades in the first quarter of 2015 when compared to the first quarter of 2014. Net income also decreased $0.5 million because of a decrease in net interest income due to a decrease in the average interest-earning assets between the periods. These reductions in net income were partially offset by a $0.8 million decrease in income tax expense between the periods due to the decreased income. Net interest income was $4.6 million for the first quarter of 2015, a decrease of $0.5 million, or 10.5%, compared to $5.1 million for the first quarter of 2014. Interest income was $4.9 million for the first quarter of 2015, a decrease of $0.5 million, or 10.0%, from $5.4 million for the first quarter of 2014. Interest income decreased between the periods primarily because of a decrease in the average yields earned and also because of a $35 million decrease in the average interest-earning assets between the periods. The decrease in yields was due primarily to decreasing rates on the commercial loan portfolio due to the low interest rate environment that continued to exist in the first quarter of 2015. Return on average assets for the first quarter of 2015 was 0.33%, compared to 1.08% for the first quarter of 2014. Return on average equity was 2.60% for the first quarter of 2015, compared to 7.61% for the first quarter of 2014. Book value per common share at March 31, 2015 was $14.90, compared to $13.76 at March 31, 2014. Income before income tax expense was $0.721 million against $1.632 million a year ago.

 

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Industry Analysis

HMNF

Industry Average

Valuation HMNF Industry Range
Price/Earnings 15.8x
Price/Sales 1.7x
Price/Book 0.7x
Price/Cash Flow 12.4x
TEV/Sales 0.1x
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