Hmn Finan Stock Price, News & Analysis

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ROCHESTER, Minn., April 26, 2023 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMNF) declared a quarterly dividend of $0.08 per share, payable on June 7, 2023, to shareholders recorded by May 17, 2023. The dividend's future declaration and amount will rely on the Board of Directors’ discretion, considering factors like operational results, financial health, capital needs, and regulatory requirements. HMN operates through Home Federal Savings Bank, with twelve branches in Minnesota and additional offices in Iowa and Wisconsin, reflecting its operational reach and community engagement.

HMN Financial, Inc. (HMNF) reported a net income of $1.6 million for Q1 2023, up from $1.5 million in the same quarter of 2022. Diluted earnings per share increased to $0.37, a rise of $0.03 year-over-year. This growth is attributed to an increase in net interest income of $0.8 million, totaling $8.1 million, due to higher interest-earning assets and yields. Net interest margin improved by 15 basis points to 3.09%. The provision for credit losses decreased by $0.3 million, with overall non-performing assets stable at $1.9 million. However, non-interest income fell to $1.9 million, a decline of 18.8% from last year, primarily due to reduced loan sales. Total non-interest expenses increased by $0.4 million to $7.7 million.

HMN Financial, Inc. (HMNF) reported a net income of $2.4 million for Q4 2022, up from $2.0 million in Q4 2021. Diluted EPS rose to $0.56, an increase of $0.11. Net interest income increased by 26.6% to $8.9 million, attributed to higher yields on interest-earning assets. However, annual net income decreased by $5.6 million to $8.0 million, and diluted EPS fell by $1.18 to $1.83. A notable decrease in loan sales and an increase in the provision for loan losses were highlighted. The company announced a 6 cents dividend per share, payable on March 8, 2023.

HMN Financial, Inc. (HMNF) has announced a quarterly dividend of $0.06 per share, payable on December 6, 2022. Stockholders on record as of November 15, 2022 will receive this dividend. The decision for future dividends will rely on various factors including the company's financial performance and capital needs.

Headquartered in Rochester, Minnesota, HMN operates through Home Federal Savings Bank, with several branch locations across Minnesota, Iowa, and Wisconsin.

HMN Financial reported a net income of $1.8 million for Q3 2022, a decline from $3.6 million in Q3 2021. Diluted earnings per share dropped to $0.42 from $0.81 year-over-year. The provision for loan losses increased by $1.5 million to $0.6 million, attributed to loan growth and rising inflation concerns. Net interest income rose 3.1% to $8.3 million, but the net interest margin fell to 3.13% from 3.32%. Year-to-date, net income stood at $5.6 million, down 51.5% from $11.6 million in 2021, primarily due to increased loan loss provisions and lower loan sales.

On July 27, 2022, HMN Financial, Inc. (HMNF) announced a quarterly dividend of $0.06 per share, payable on September 7, 2022, to stockholders of record on August 16, 2022. The future dividend declarations will be at the discretion of the Board of Directors, influenced by factors like financial condition and operational results. HMN is headquartered in Rochester, Minnesota, operating 12 full-service offices in Minnesota, one in Iowa, and one in Wisconsin, along with two loan origination offices.

HMN Financial, Inc. (HMNF) reported a net income of $2.3 million for Q2 2022, down from $4.5 million a year earlier. Diluted EPS fell to $0.52 from $1.00. The decrease in income was primarily due to a $1.4 million drop in non-interest income, largely from reduced gains on real estate sales. Loan loss provisions increased by $1.0 million. Net interest income rose slightly to $7.8 million, but net interest margin fell to 3.10% from 3.27%. Year-to-date net income declined to $3.8 million, down 52.5% from $7.9 million in 2021.

HMN Financial has declared a quarterly dividend of $0.06 per share, payable on June 7, 2022, to shareholders of record by May 17, 2022. The Board's future dividend declarations will depend on various factors including financial performance and capital needs. Additionally, Wendy S. Shannon and Hans K. Zietlow were re-elected as directors, and Jeffrey W. Bolton has been appointed to the Board. Bolton brings extensive experience in financial management and regulatory compliance, enhancing the board's expertise.