Comparing the current results to its competitors, Hmn Financial Inc reported Revenue increase in the 2 quarter 2024 by 5.95 % year on year, while most of its competitors have experienced contraction in revenues by -0.07 %, achieved in the same quarter.
Hmn Financial Inc Net Income in the 2 quarter 2024 fell year on year by -31.74%, while most of its competitors have experienced a contraction in net income by -6.95 %.
Hmn Financial Inc's Comment on Competition and Industry Peers
The Company offers fixed-rate loans insured by the Federal Housing Administration (FHA), Veteran’s Administration (VA), Minnesota Housing Finance Agency, Iowa Finance Authority, and the United States Department of Agriculture-Guaranteed Housing (RD). It also provides adjustable-rate mortgages based on the Average Weekly One Year U.S. Treasury Constant Maturity Index. The Bank is evaluated by its regulator based on financial capacity, size, legal impediments, local economic conditions, demographics, and the competitive environment. The Bank maintains a Community Reinvestment Act (CRA) statement and annual highlights document. Its most recent CRA examination, conducted on March 19, 2023, resulted in an outstanding rating under the Intermediate Small Savings Association criteria. Competitors identified in filings include the FHA, Iowa Finance Authority, Minnesota Housing Finance Agency, RD, and VA.
With revenue growth of 5.95 % within Overall company, Hmn Financial Inc achieved improvement in market share, within Overall company to approximately 0.04 %. << More on HMNF Market Share.
*Market share is calculated based on total revenue.
May 15, 2024
GRAND FORKS, N.D. and ROCHESTER, Minn., May 15, 2024 Alerus Financial Corporation (Nasdaq: ALRS) and HMN Financial, Inc. (Nasdaq: HMNF) jointly announced today a strategic initiative that marks a significant shift in the banking landscape of the Midwest. The companies have signed a definitive Agreement and Plan of Merger, wherein Alerus will acquire HMN Financial in an all-stock transaction valued at approximately $116.4 million. The move will see HMN s subsidiary, Home Federal Savings Bank, merge into Alerus Financial s wholly-owned bank subsidiary, Alerus Financial, National Association.This merger highlights a critical juncture for both institutions which have faced varying degrees of success under cha...
April 24, 2024
HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF) has recently made significant announcements, signaling the company s commitment to its shareholders and its ability to navigate a challenging market environment. Despite facing a revenue decrease in the fourth quarter of 2023 compared to the previous year, HMN Financial Inc displayed a commendable performance when compared to its competitors.The Board of Directors at HMN Financial Inc declared a quarterly dividend of $0.10 per share of common stock, highlighting the company s commitment to its shareholders. This dividend is payable on June 7, 2024, to stockholders of record at the close of business on May 17, 2024. However, it s important to note that th...
Admiral Financial Corp is a company that operates on a specific business model which involves providing financial services or solutions to its customers.
Kentucky First Federal Bancorp operates as a bank holding company, primarily engaging in the provision of financial services. It aims to attract deposits from the general public and businesses, and use those funds to originate loans for residential and commercial purposes within its local market.
Home Federal Bancorp Inc Of Louisiana Share Performance
+46.01%
This Year
Home Federal Bancorp Inc Of Louisiana
Profile
Home Federal Bancorp Inc of Louisiana's business model revolves around providing various banking services to individuals and businesses in Louisiana. These services include deposit accounts, loans, mortgages, and other financial products. The company aims to meet the financial needs of its customers while ensuring the safety and security of their funds.
Northrim Bancorp Inc is a banking company that operates with a community-focused and customer-centric business model, providing a range of financial services to individuals and businesses in Alaska.
Salisbury Bancorp Inc operates as a holding company for Salisbury Bank and Trust Company. They provide banking services to individuals and businesses through their various branches.
Sources:
Hmn Financial Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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