Last $12.51 USD
Change Today -0.085 / -0.67%
Volume 3.0K
HMNF On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

hmn financial inc (HMNF) Snapshot

Open
$12.52
Previous Close
$12.60
Day High
$12.57
Day Low
$12.51
52 Week High
10/2/14 - $13.95
52 Week Low
04/4/14 - $8.94
Market Cap
55.9M
Average Volume 10 Days
2.7K
EPS TTM
$4.86
Shares Outstanding
4.5M
EX-Date
10/20/08
P/E TM
2.6x
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 services in Minnesota and Iowa. The company offers various deposit products to retail and commercial customers, including savings accounts, negotiable order of withdrawal, money market, non-interest bearing checking, and certificate accounts comprising individual retirement accounts. It also provides one-to-four family residential, 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, the company offers financial planning products and services; and operates foreclosed properties. It 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; a loan origination office in Sartell, Minnesota; and two private banking offices located in Rochester, Minnesota. HMN Financial, Inc. was founded in 1933 and is based in Rochester, Minnesota.

165 Employees
Last Reported Date: 03/11/14
Founded in 1933

hmn financial inc (HMNF) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $296.2K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $193.9K
Senior Vice President, Member of Executive Co...
Total Annual Compensation: $140.5K
Senior Vice President of Facilities & Complia...
Total Annual Compensation: $124.6K
Chief Operating Officer of Home Federal Savin...
Total Annual Compensation: $194.9K
Compensation as of Fiscal Year 2013.

hmn financial inc (HMNF) Key Developments

HMN Financial Inc. Enters Loan Agreement with Project Hawkeye, L.L.C

On December 15, 2014, HMN Financial Inc. entered into a Loan Agreement with Project Hawkeye, L.L.C. (the Lender"), providing for a term loan of up to $10 million that will be evidenced by a promissory note (the Note"). The Company may draw the loan on or before March 31, 2015. The principal balance of the Note will bear interest from the date the loan is made until the date the loan is repaid at the rate of 6.5% per annum. The principal balance of the Note will be payable in consecutive equal annual installments of $1 million on each anniversary of the date of the Loan Agreement, commencing on December 15, 2015, with the balance due on the maturity date. The maturity date will be on the earlier of (a) the anniversary of the date of the Loan Agreement obtained by dividing the original principal amount of the loan by $1 million (rounded up to the nearest number of whole years) and (b) the seventh anniversary of the date of the Loan Agreement. Provided that no default or event of default has occurred and is continuing, the Company may, at its option, elect to defer payment of one installment of principal of the Note otherwise due prior to the maturity date, in which event such installment will become due and payable on the maturity date. The Company may voluntarily prepay the Note in whole or in part without payment or penalty.

HMN Financial Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

HMN Financial Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net interest income was $4.834 million against $5.325 million a year ago. Income before income tax expense was $2.592 million against $6.192 million a year ago. Net income for common shareholders was $1.178 million or $0.25 per diluted share against $5.511 million or $1.27 per diluted share a year ago. Return on average assets (annualized) was 1.01% against 4.44% a year ago. Return on average equity (annualized) was 7.89% against 38.17% a year ago. For the nine months, net interest income was $14.641 million against $14.928 million a year ago. Income before income tax expense was $9.436 million against $8.812 million a year ago. Net income for common shareholders was $4.283 million or $0.93 per diluted share against $7.028 million or $1.65 per diluted share a year ago. Return on average assets (annualized) was 1.24% against 1.96% a year ago. Return on average equity (annualized) was 9.24% against 18.55% a year ago. Book value per common share was $14.45 against $9.47 a year ago.

HMN Financial Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

HMN Financial Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $5,020,000 compared to $5,787,000 a year ago. Net interest income was $4,714,000 compared to $4,672,000 a year ago. Income before income tax expense was $4,150,000 compared to $1,854,000 a year ago. Net income available to common shareholders was $2,006,000 or $0.44 per diluted share compared to $1,252,000 or $0.30 per diluted share a year ago. Return on average assets (annualized) was 1.62% compared to 1.21% a year ago. Return on average equity (annualized) was 12.32% compared to 11.78% a year ago. The increase in net income in the second quarter of 2014 was primarily due to a $1.7 million decrease in the provision for loan losses due to the continued improvement in the credit quality of the commercial loan portfolio. The net income available to common shareholders increased primarily because of the increase in the net income between the periods. For the six months period, the company reported total interest income of $10,447,000 compared to $12,110,000 a year ago. Net interest income was $9,807,000 compared to $9,603,000 a year ago. Income before income tax expense was $6,844,000 compared to $2,620,000 a year ago. Net income available to common shareholders was $3,105,000 or $0.68 per diluted share compared to $1,517,000 or $0.36 per diluted share a year ago. Return on average assets (annualized) was 1.36 % compared to 0.84 % a year ago. Return on average equity (annualized) was 9.91% compared to 8.36% a year ago. Book value per share as at June 30, 2014 was $14.18 compared to $13.49 a year ago.

 

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Industry Analysis

HMNF

Industry Average

Valuation HMNF Industry Range
Price/Earnings 2.6x
Price/Sales 1.5x
Price/Book 0.8x
Price/Cash Flow 2.3x
TEV/Sales NM Not Meaningful
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