HMN Financial

HMN Financial, Inc. is a stock savings bank holding company which operates retail banking and loan production facilities in Minnesota, Iowa, and Wisconsin. The firm's business involves attracting deposits from the general public and businesses and using such deposits to originate or purchase single family residential, commercial real estate and multi-family mortgage loans as well as consumer, construction and commercial business loans. It also invests in mortgage-backed and related securities, U.S. government agency obligations, and other permissible investments. The company was founded in 1994 and is headquartered in Rochester, MN.

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MILWAUKEE , May 15, 2024 /PRNewswire/ -- Ademi LLP is investigating HMN Financial (Nasdaq: HMNF) for possible breaches of fiduciary duty and other violations of law in its transaction with Alerus. Click here to learn how to join the https://www.ademilaw.com/case/hmn-financial-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether HMN Financial, Inc. has obtained a Fair Price in its Transaction with Alerus

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of HMN Financial, Inc. (NASDAQ: HMNF) to Alerus Financial Corporation for 1.25 shares of Alerus common stock for each share of HMN common stock is fair to HMN shareholders. Halper Sadeh encourages HMN shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

HMNF Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of HMN Financial, Inc. Is Fair to Shareholders

Alerus Financial Corp

GRAND FORKS, N.D. & ROCHESTER, Minn.--(BUSINESS WIRE)--Alerus Financial Corporation (“Alerus”) (Nasdaq: ALRS) and HMN Financial, Inc. (“HMNF”) (Nasdaq: HMNF) jointly announced today the signing of a definitive Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which Alerus will acquire, in an all-stock merger, HMNF, a savings and loan holding company headquartered in Rochester, Minnesota, and the parent company of Home Federal Savings Bank (“Home Federal”). Under the terms of the.

Alerus Financial Corporation and HMN Financial, Inc. Jointly Announce Strategic Transaction

GRAND FORKS, N.D. & ROCHESTER, Minn., May 15, 2024 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (“Alerus”) (Nasdaq: ALRS) and HMN Financial, Inc. (“HMNF”) (Nasdaq: HMNF) jointly announced today the signing of a definitive Agreement and Plan of Merger (the “Merger Agreement”) pursuant to which Alerus will acquire, in an all-stock merger, HMNF, a savings and loan holding company headquartered in Rochester, Minnesota, and the parent company of Home Federal Savings Bank (“Home Federal”). Under the terms of the Merger Agreement, HMNF will merge with and into Alerus (the “Merger”) and Home Federal will merge with and into Alerus' wholly-owned bank subsidiary, Alerus Financial, National Association, in a transaction valued at approximately $116.4 million.

ALERUS FINANCIAL CORPORATION AND HMN FINANCIAL, INC. JOINTLY ANNOUNCE STRATEGIC TRANSACTION

ROCHESTER, Minn., April 24, 2024 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF) today announced that its Board of Directors has declared a quarterly dividend of $0.10 per share of common stock, payable on June 7, 2024 to stockholders of record at the close of business on May 17, 2024. The declaration and amount of any future cash dividends remains subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors.

HMN Financial, Inc. Announces Dividend

First Quarter Summary Net income of $1.3 million, down $0.3 million, from $1.6 million for first quarter of 2023 Diluted earnings per share of $0.30, down $0.07, from $0.37 for first quarter of 2023 Net interest income of $7.3 million, down $0.8 million, from $8.1 million for first quarter of 2023 Net interest margin of 2.63%, down 46 basis points, from 3.09% for first quarter of 2023 Provision for credit losses of ($0.2) million, down $0.2 million, from first quarter of 2023 Net Income Summary   Three Months Ended March 31,         (Dollars in thousands, except per share amounts)   2024   2023   Net income $ 1,318   1,634   Diluted earnings per share   0.30   0.37   Return on average assets (annualized)   0.46 % 0.61 % Return on average equity (annualized)   4.36 % 5.64 % Book value per share $ 24.39   22.35               ROCHESTER, Minn., April 18, 2024 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF), the $1.2 billion holding company for Home Federal Savings Bank (the Bank), today reported net income of $1.3 million for the first quarter of 2024, a decrease of $0.3 million compared to net income of $1.6 million for the first quarter of 2023.

HMN FINANCIAL, INC. ANNOUNCES FIRST QUARTER RESULTS

Fourth Quarter Summary Net income of $1.5 million, down $0.9 million from $2.4 million for fourth quarter of 2022 Diluted earnings per share of $0.33, down $0.23 from $0.56 for fourth quarter of 2022 Net interest income of $7.2 million, down $1.7 million from $8.9 million for fourth quarter of 2022 Net interest margin of 2.58%, down 77 basis points from 3.35% for fourth quarter of 2022 Gain on sales of loans of $0.4 million, up $0.1 million from $0.3 million for fourth quarter of 202 Annual Summary Net income of $6.0 million, down $2.0 million from $8.0 million for 2022 Diluted earnings per share of $1.37, down $0.46 from $1.83 for 2022 Net interest income of $30.8 million, down $1.5 million from $32.3 million for 2022 Net interest margin of 2.84%, down 30 basis points from 3.14% for 2022 Gain on sales of loans of $1.5 million, down $0.9 million from $2.4 million for 2022 Provision for credit losses of $0.7 million, down $0.4 million from $1.1 million for 2022 Net Income Summary   Three Months Ended     Year Ended       December 31,     December 31,   (Dollars in thousands, except per share amounts)   2023     2022     2023   2022   Net income         $ 1,452 2,438   $ 6,005   8,045   Diluted earnings per share           0.33 0.56     1.37 1.83   Return on average assets (annualized)           0.51 % 0.89 %   0.54 % 0.75 % Return on average equity (annualized)           4.76 % 8.32 %   5.03 % 7.03 % Book value per share         $ 24.16 21.72   $ 24.16 21.72                     ROCHESTER, Min., Jan. 25, 2024 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF), the $1.1 billion holding company for Home Federal Savings Bank (the Bank), today reported net income of $1.5 million for the fourth quarter of 2023, a decrease of $0.9 million compared to net income of $2.4 million for the fourth quarter of 2022.

HMN Financial, Inc. Announces Fourth Quarter Results and Declares Dividend

Third Quarter Summary Net income of $1.5 million, down $0.3 million, from $1.8 million for third quarter of 2022 Diluted earnings per share of $0.34, down $0.08, from $0.42 for third quarter of 2022 Net interest income of $7.8 million, down $0.5 million, from $8.3 million for third quarter of 2022 Net interest margin of 2.81%, down 32 basis points, from 3.13% for third quarter of 2022 Net loans receivable of $851 million, up $24 million, from $827 million at June 30, 2023 Year to Date Summary Net income of $4.6 million, down $1.0 million, from $5.6 million for first nine months of 2022 Diluted earnings per share of $1.04, down $0.23, from $1.27 for first nine months of 2022 Net interest income of $23.6 million, up $0.3 million, from $23.3 million for first nine months of 2022 Gain on sales of loans of $1.1 million, down $1.0 million, from $2.1 million for first nine months of 2022 Net interest margin of 2.93%, down 13 basis points, from 3.06% for first nine months of 2022 Net loans receivable of $851 million, up $74 million, from $777 million at December 31, 2022 Net Income Summary   Three Months Ended     Nine Months Ended       September 30,     September 30,   (Dollars in thousands, except per share amounts)   2023     2022     2023     2022   Net income $ 1,498     1,831   $ 4,553     5,607   Diluted earnings per share   0.34     0.42     1.04     1.27   Return on average assets (annualized)   0.52 %   0.67 %   0.55 %   0.71 % Return on average equity (annualized)   4.95 %   6.30 %   5.13 %   6.59 % ROCHESTER, Minn., Oct. 19, 2023 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF), the $1.2 billion holding company for Home Federal Savings Bank (the Bank), today reported net income of $1.5 million for the third quarter of 2023, a decrease of $0.3 million, compared to $1.8 million for the third quarter of 2022.

HMN Financial, Inc. Announces Third Quarter Results

Second Quarter Summary Net income of $1.4 million, down $0.9 million, from $2.3 million for second quarter of 2022 Diluted earnings per share of $0.32, down $0.20, from $0.52 for second quarter of 2022 Net interest income of $7.7 million, down $0.1 million, from $7.8 million for second quarter of 2022 Gain on sales of loans of $0.3 million, down $0.5 million, from $0.8 million for second quarter of 2022 Net interest margin of 2.90%, down 20 basis points, from 3.10% for second quarter of 2022 Loans receivable, net of $826.9 million, up $40.9 million, from $786.0 million at March 31, 2023 Year to Date Summary Net income of $3.1 million, down $0.7 million, from $3.8 million for first six months of 2022 Diluted earnings per share of $0.70, down $0.16, from $0.86 for first six months of 2022 Net interest income of $15.8 million, up $0.8 million from $15.0 million for first six months of 2022 Gain on sales of loans of $0.6 million, down $1.1 million, from $1.7 million for first six months of 2022 Net interest margin of 3.00%, down 2 basis points, from 3.02% for first six months of 2022 Loans receivable, net of $826.9 million, up $49.8 million, from $777.1 million at December 31, 2022 Net Income Summary   Three months ended       Six months ended       June 30,       June 30,   (Dollars in thousands, except per share amounts)   2023     2022       2023     2022   Net income $ 1,421     2,289     $ 3,055     3,776   Diluted earnings per share   0.32     0.52       0.70     0.86   Return on average assets (annualized)   0.52 %   0.88 %     0.56 %   0.73 % Return on average equity (annualized)   4.81 %   8.09 %     5.22 %   6.73 % Book value per share $ 22.76     21.25     $ 22.76     21.25                               ROCHESTER, Minn., July 20, 2023 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF), the $1.1 billion holding company for Home Federal Savings Bank (the Bank), today reported net income of $1.4 million for the second quarter of 2023, a decrease of $0.9 million compared to net income of $2.3 million for the second quarter of 2022.

HMN Financial, Inc. Announces Second Quarter Results

First Quarter Summary Net income of $1.6 million, up $0.1 million, from $1.5 million for first quarter of 2022 Diluted earnings per share of $0.37, up $0.03, from $0.34 for first quarter of 2022 Net interest income of $8.1 million, up $0.8 million from $7.3 million for first quarter of 2022 Gain on sales of loans of $0.3 million, down $0.6 million, from $0.9 million for first quarter of 2022 Net interest margin of 3.09%, up 15 basis points, from 2.94% for first quarter of 2022 No provision for credit losses, down $0.3 million, from $0.3 million for first quarter of 2022 Net Income Summary   Three Months Ended March 31,   (Dollars in thousands, except per share amounts)   2023   2022   Net income         $ 1,634   1,487   Diluted earnings per share           0.37   0.34   Return on average assets (annualized)           0.61 % 0.58 % Return on average equity (annualized)           5.64 % 5.36 % Book value per share          $ 22.35   22.16   ROCHESTER, Minn., April 20, 2023 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF), the $1.1 billion holding company for Home Federal Savings Bank (the Bank), today reported net income of $1.6 million for the first quarter of 2023, an increase of $0.1 million compared to net income of $1.5 million for the first quarter of 2022.

HMN Financial, Inc. Announces First Quarter Results

HMN Financial, Inc. Announces Fourth Quarter Results, Declares Dividend and Announces Annual Meeting

ROCHESTER, Minn., April 27, 2022 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF) today announced that its Board of Directors has declared a quarterly dividend of $0.06 per share of common stock, payable on June 7, 2022 to stockholders of record at the close of business on May 17, 2022. The declaration and amount of any future cash dividends remains subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company's results of operations, financial condition, capital requirements, regulatory and contractual restrictions, business strategy and other factors deemed relevant by the Board of Directors.

HMN Financial, Inc. Announces Dividend, Election Results, and Election of New Board Member

HMN Financial, Inc. Announces Fourth Quarter Results and Annual Meeting

At Insider Monkey, we pore over the filings of nearly 817 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of September 30. In this article, we will use that wealth of knowledge to determine whether or not HMN Financial, Inc. (NASDAQ:HMNF) makes for a good investment right now.

Is HMN Financial, Inc. (HMNF) A Good Stock To Buy?

ROCHESTER, Minn., April  29, 2020  (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (NASDAQ:HMNF) today announced the re-election of Allen Berning, Sequoya Borgman and Bernard Nigon as directors.      

HMN Financial, Inc. Announces Election Results and Appointment of New Board Chair

ROCHESTER, Minn., March  25, 2020  (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (NASDAQ:HMNF) announced that to protect the health and well-being of its stockholders and employees during the coronavirus outbreak (COVID-19), the location of the Company’s upcoming Annual Meeting of Stockholders has changed and the meeting will now be an online-only event, with no live gathering at the Rochester Golf and Country Club. The meeting will still be held on Tuesday, April 28, 2020 at 10:00 a.m. local time as previously announced.

HMN Financial, Inc. Announces April 28, 2020 Annual Meeting of Stockholders Will be Virtual Only

News for HMN Financial Stock (HMNF)