Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 1016 Civic Center Drive Northwest ROCHESTER MN 55901 |
Tel: | N/A |
Website: | N/A |
IR: | N/A |
Key People | ||
Bradley C. Krehbiel President, Chief Executive Officer, Director | Jon J. Eberle Chief Financial Officer, Senior Vice President, Treasurer of the Company and the Bank | Lawrence D. Mcgraw Chief Operating Officer, Executive Vice President of Bank |
Business Overview |
HMN Financial, Inc. is a stock savings bank holding company. The Company is a holding company for Home Federal Savings Bank (the Bank). The Bank operates community banking and loan production offices in Minnesota, Iowa and Wisconsin. The Bank has two wholly owned subsidiaries, Osterud Insurance Agency, Inc. (OIA), which does business as Home Federal Investment Services and offers financial planning products and services, and HFSB Property Holdings, LLC (HPH) which is inactive. Its lending activities include general, single family residential real estate lending, commercial real estate and multi-family lending, construction lending, consumer lending and commercial business lending. It originates 15- and 30-year fixed rate mortgage loans secured by single family residences and sells the majority of these loans into the secondary market. It makes construction loans to individuals for the construction of their residences and to builders for the construction of single family residences. |
Financial Overview |
For the three months ended 31 March 2024, HMN Financial, Inc. interest income increased 21% to $12M. Net interest income after loan loss provision decreased 8% to $7.5M. Net income decreased 19% to $1.3M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 15% to 2.63%, Net Interest Spread, Total - % decrease of 18% to 2.48%, Mortgage-backed and related decrease of 21% to $514K. |
Employees: | 161 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | N/A |
Annual revenue (TTM): | $45.56M as of Mar 31, 2024 |
EBITDA (TTM): | $8.07M as of Mar 31, 2024 |
Net annual income (TTM): | $5.69M as of Mar 31, 2024 |
Free cash flow (TTM): | N/A |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 4,462,555 as of Mar 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |