HMN Financial, Inc. (OQ:HMNF)

Business Focus: Commercial Banks

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

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.