Last $11.62 USD
Change Today -0.065 / -0.56%
Volume 2.1K
HMNF On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 07/29/14 All times are local (Market data is delayed by at least 15 minutes).

hmn financial inc (HMNF) Snapshot

Open
$11.70
Previous Close
$11.69
Day High
$11.70
Day Low
$11.62
52 Week High
02/26/14 - $13.44
52 Week Low
08/22/13 - $6.76
Market Cap
51.7M
Average Volume 10 Days
4.4K
EPS TTM
$5.88
Shares Outstanding
4.4M
EX-Date
10/20/08
P/E TM
2.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for HMN FINANCIAL INC (HMNF)

Related News

No related news articles were found.

hmn financial inc (HMNF) Related Businessweek News

No Related Businessweek News Found

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.

179 Employees
Last Reported Date: 07/21/14
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. 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.

HMN Financial, Inc. Announces Change of Auditors

HMN Financial Inc. announced that on May 2, 2014, the Audit Committee of the Board of Directors of the Company decided to move forward with a change in its accountants, subject to obtaining an acceptable engagement letter with CliftonLarsonAllen LLP. The Company communicated the Audit Committee's decision to KPMG on that same date. On May 9, 2014, KPMG confirmed its determination that the client-auditor relationship between the Company and KPMG had ceased.

HMN Financial Inc. Announces Dismissal of KPMG LLP as its Auditor

KPMG LLP was previously the principal accountants for HMN Financial Inc. On May 2, 2014, in the view of KPMG that firm was dismissed based on a telephone communication from the chief financial officer of the company. In the view of the company, this communication was intended to convey the company's plan to change accountants, rather than the immediate dismissal of KPMG. On May 9, 2014, KPMG confirmed its determination that the client-auditor relationship between the company and KPMG had ceased. The decision to change accountants was approved by the audit committee of the Board of Directors of the company. KPMG's report on the company's consolidated financial statements for the years ended December 31, 2013 and 2012 did not contain an adverse opinion or a disclaimer of opinion, nor was any such report qualified or modified as to uncertainty, audit scope, or accounting principles.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HMNF:US $11.62 USD -0.065

HMNF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bank First National Corp $20.70 USD 0.00
Baylake Corp $12.29 USD +0.06
Nicolet Bankshares Inc $23.45 USD 0.00
PSB Holdings Inc/WI $33.00 USD 0.00
Southern Michigan Bancorp Inc $19.25 USD 0.00
View Industry Companies
 

Industry Analysis

HMNF

Industry Average

Valuation HMNF Industry Range
Price/Earnings 2.0x
Price/Sales 1.2x
Price/Book 0.7x
Price/Cash Flow 1.8x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HMN FINANCIAL INC, please visit www.hmnf.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.