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Hmn Financial Inc  (HMNF)
Other Ticker:  
 
    Sector  Financial    Industry S&Ls Savings Banks
   Industry S&Ls Savings Banks
   Sector  Financial
 
Price: $20.2600 $0.08 0.396%
Day's High: $20.49 Week Perf: -0.64 %
Day's Low: $ 20.10 30 Day Perf: -1.7 %
Volume (M): 1 52 Wk High: $ 24.95
Volume (M$): $ 26 52 Wk Avg: $19.70
Open: $20.49 52 Wk Low: $17.31



 Market Capitalization (Millions $) 89
 Shares Outstanding (Millions) 4
 Employees 194
 Revenues (TTM) (Millions $) 38
 Net Income (TTM) (Millions $) 6
 Cash Flow (TTM) (Millions $) -25
 Capital Exp. (TTM) (Millions $) 1

Hmn Financial Inc

HMN Financial, Inc. (HMN and, together with its subsidiaries, the Company) is a stock savings bank holding company that owns 100 percent of Home Federal Savings Bank (the Bank). The Bank has a community banking philosophy and operates retail banking and loan production facilities in Minnesota, Iowa, and Wisconsin. The Bank has two wholly owned subsidiaries, Osterud Insurance Agency, Inc. (OIA), which offers financial planning products and services, and HFSB Property Holdings, LLC (HPH), which was inactive in 2015, but has acted as an intermediary for the Bank in holding and operating certain foreclosed properties. HMN was incorporated in Delaware in 1994.

As a community-oriented financial institution, the Company seeks to serve the financial needs of communities in its market area. The Company’s business involves attracting deposits from the general public and businesses and using such deposits to originate or purchase one-to-four family residential, commercial real estate, and multi-family mortgage loans as well as consumer, construction, and commercial business loans. The Company also invests in mortgage-backed and related securities, U.S. government agency obligations and other permissible investments. The executive offices of the Company are located at 1016 Civic Center Drive Northwest, Rochester, Minnesota 55901. Its telephone number at that address is (507) 535-1200.

Historically, the Company has originated 15 and 30 year fixed rate mortgage loans secured by one-to-four family residences for its loan portfolio. Over the past 15 years, the Company has focused on managing interest rate risk and increasing interest income by increasing its investment in shorter term and generally higher yielding commercial real estate, commercial business and construction loans, while reducing its investment in longer term one-to-four family real estate loans. The Company continues to originate 15 and 30 year fixed rate mortgage loans and some shorter term fixed rate loans. The shorter term fixed rate loans and adjustable rate loans are generally placed into portfolio, while the majority of the 15 and 30 year fixed rate mortgage loans are sold in the secondary mortgage market. Mortgage interest rates continued to be at relatively low levels in 2015 and very few 15 and 30 year loans were placed into portfolio as most were sold into the secondary market in order to manage the Company’s interest rate risk position.

The aggregate amount of loans and extensions of credit that the Bank is permitted to make to any one borrower is generally limited to 15% of unimpaired capital and surplus. In addition to the 15% limit, the Bank is permitted to lend an additional amount equal to 10% of unimpaired capital and surplus if the additional amount is fully secured by “readily marketable collateral” having a current market value of at least 100% of the loan or extension of credit. Similarly, the Bank is permitted to lend additional amounts equal to the lesser of 30% of unimpaired capital and surplus, or $30 million, for certain residential development loans. Applicable law establishes a number of rules for combining loans to separate borrowers. Loans or extensions of credit to one person may be attributed to other persons if: (i) the proceeds of a loan or extension of credit are used for the direct benefit of the other person; or (ii) a common enterprise is deemed to exist between persons.

All of the Banks lending is subject to its written underwriting standards and to loan origination procedures. Decisions on loan applications are made on the basis of detailed applications and property valuations determined by an independent appraiser. The loan applications are designed primarily to determine the borrowers ability to repay. The more significant items on the application are verified through the use of credit reports, financial statements, tax returns, or confirmations.

The Company utilizes the available for sale securities portfolio in virtually all aspects of asset/liability management. In making investment decisions, the Investment-Asset/Liability Committee considers, among other things, the yield and interest rate objectives, the credit risk position, and the Banks liquidity and projected cash flow requirements.

Securities. Federally chartered savings institutions have the authority to invest in various types of liquid assets, including United States Treasury obligations, securities of various federal agencies, certain certificates of deposit of insured banks and savings institutions, certain bankers acceptances, repurchase agreements and federal funds. Subject to various restrictions, the holding company of a federally chartered savings institution may also invest its assets in commercial paper, investment grade corporate debt securities and mutual funds whose assets conform to the investments that a federally chartered savings institution is otherwise authorized to make directly.

The investment strategy of the Company has been directed toward a mix of high-quality assets (primarily government agency obligations) with short and intermediate terms to maturity.

The Banks other available sources of funds include advances from the FHLB and borrowings from the Federal Reserve Bank of Minneapolis. As a member of the FHLB of Des Moines, the Bank is required to own capital stock in the FHLB and is authorized to apply for advances. Each FHLB credit program has its own interest rate, which may be fixed or variable, and range of maturities. The FHLB may prescribe the acceptable uses for these advances, as well as limitations on the size of the advances and repayment provisions. Consistent with its asset/liability management strategy, the Bank has utilized FHLB advances from time to time to fund loan demand and extend the term to maturity of its liabilities. The Bank may also use short-term FHLB and Federal Reserve Bank borrowings to offset short term cash needs due to deposit outflows or loan fundings



   Company Address: 1016 Civic Center Drive Northwest Rochester 55901 MN
   Company Phone Number: 535-1200   Stock Exchange / Ticker: NASDAQ HMNF
   


Customers Net Income grew by HMNF's Customers Net Profit Margin grew to

14.05 %

13.09 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BKU   -4.84%    
BRKL   -5.66%    
CFFN      0% 
NRIM   -1.22%    
TFSL   -3.07%    
WSBF   -4.21%    
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Hmn Financial Inc

S&Ls Savings Banks Revenue Soft in Q4 Earnings Season

The latest financial report from HMNF (Hmn Financial Inc) has raised concerns among investors, as the company reported a significant decrease in both top and bottom-line figures for the fiscal year ending December 31, 2023. Income per share plummeted by -41.15% and revenue decreased by -14.157% year on year. These numbers are alarming, especially when compared to the previous fiscal period where income per share was $0.34 and revenue was $9.67 million.
In the fiscal fourth quarter of 2023, HMNF reported net profits of $1.452 million, which fell by -40.44% from the corresponding period a year before. The company's operating margin also decreased to 20.3% and net margin shrank to 15.76%. Operating earnings dropped by -43.98% to $1.87 million, squeezing the operating margin from 31.11% in the fourth quarter of 2022. Additionally, the accounts receivable declined to $845.7 million, although it was higher than during the same time a year ago.

Hmn Financial Inc

HMNFsn Hit a Rough Patch: Third Quarter of 2023 Sees a Slender Top-Line Deterioration

Hmn Financial Inc, a financial services company, reported disappointing earnings for the fiscal third quarter of 2023. The company's earnings per share (EPS) deteriorated by 19.05% to $0.34 from $0.42 compared to the same period last year. Revenue also depreciated by 0.993% to $9.67 million year on year.
Despite the decline in earnings and revenue, there was an improvement from the previous financial reporting period. Income increased from $0.32 per share, and revenue saw a 2.361% increase from $9.45 million.

Hmn Financial Inc

Latest Fiscal Report Shows Revenue Decline for HMN Financial Inc Amidst Industry Growth



Hmn Financial Inc, a player in the S&Ls Savings Banks industry, witnessed a decline in its financial results during the fiscal second quarter of 2023. With a drop in EPS and Revenue, the company's future prospects now face potential challenges. In this article, we will analyze these financial facts and speculate on their potential impact on Hmn Financial Inc's future.
Revenue Downturn:
Hmn Financial Inc faced a decline in top-line growth during the second quarter of 2023, as Revenue decreased by -7.528% to $9.45 million compared to the same period last year. This downward trend is concerning and suggests a possible decrease in customer demand or market downturn. In the prior quarter, the company generated $10.00 million in Revenue, indicating a decrease of $0.55 million.

Hmn Financial Inc

Hmn Financial Inc surpasses expectations, with a remarkable 8.82% surge in profitability during the first quarter of 2023 earnings season

Hmn Financial Inc, a reputable savings and loan company in the United States, has released its financial report for the first quarter of 2023, and the results have been mixed. While the company was able to improve its return on equity (ROE) compared to the previous quarter, it fell short of its average ROE.
In the first quarter of 2023, Hmn Financial Inc recorded an 8.55% ROE, while its average ROE for the past few years stands at 10.09%. Although this is a decline, the company's return on equity ranking has improved in the current quarter, moving up to 636 from 1774 in the fourth quarter of 2022.






 

Hmn Financial Inc's Segments
 
 
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