See more : Artemis Resources Limited (ARTTF) Income Statement Analysis – Financial Results
Complete financial analysis of HMN Financial, Inc. (HMNF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of HMN Financial, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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HMN Financial, Inc. (HMNF)
About HMN Financial, Inc.
HMN Financial, Inc. operates as a bank holding company for Home Federal Savings Bank that provides various retail banking products and services. The company offers various deposit accounts, such as savings, interest bearing checking, non-interest bearing checking, money market, and certificate accounts. Its loan products include single family residential loans; commercial real estate and multi-family mortgage loans; construction loans; consumer loans, such as home equity, automobile, recreational vehicle, mobile home, and lot loans, as well as loans secured by deposit accounts, and other loans for household and personal purposes; and commercial business loans. The company offers financial planning products and services; and invests in mortgage-backed and related securities, the United States government agency obligations, and other permissible investments. It operates through 14 full service branches located in Minnesota, Wisconsin, and Iowa; and two loan origination offices in Sartell, Minnesota and La Crosse, Wisconsin. HMN Financial, Inc. was founded in 1934 and is headquartered in Rochester, Minnesota.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 43.48M | 41.14M | 44.47M | 44.06M | 37.01M | 35.86M | 33.61M | 34.55M | 27.09M | 27.88M | 27.84M | 31.93M | 35.28M | 38.28M | 41.99M | 40.67M | 46.29M | 45.13M | 42.28M | 36.59M | 34.90M | 27.45M | 24.61M | 23.24M | 22.50M | 19.50M | 18.10M | 17.60M | 16.80M | 14.80M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 43.48M | 41.14M | 44.47M | 44.06M | 37.01M | 35.86M | 33.61M | 34.55M | 27.09M | 27.88M | 27.84M | 31.93M | 35.28M | 38.28M | 41.99M | 40.67M | 46.29M | 45.13M | 42.28M | 36.59M | 34.90M | 27.45M | 24.61M | 23.24M | 22.50M | 19.50M | 18.10M | 17.60M | 16.80M | 14.80M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 3.24M | 17.21M | 16.11M | 15.65M | 15.66M | 14.73M | 15.01M | 14.76M | 14.11M | 13.77M | 13.55M | 13.71M | 16.03M | 16.49M | 16.59M | 13.86M | 12.49M | 11.87M | 11.14M | 10.19M | 8.68M | 8.01M | 7.91M | 6.39M | 6.10M | 6.80M | 5.60M | 4.60M | 4.20M | 3.50M |
| Selling & Marketing | 21.74M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 422.00K | 542.00K | 475.26K | 384.18K | 430.42K | 392.83K | 521.90K | 426.36K | 303.05K | 300.00K | 400.00K | 300.00K | 300.00K | 300.00K | 300.00K |
| SG&A | 24.98M | 17.21M | 16.11M | 15.65M | 15.66M | 14.73M | 15.01M | 14.76M | 14.11M | 13.77M | 13.55M | 13.71M | 16.03M | 16.49M | 16.59M | 14.28M | 13.03M | 12.34M | 11.52M | 10.62M | 9.07M | 8.53M | 8.34M | 6.69M | 6.40M | 7.20M | 5.90M | 4.90M | 4.50M | 3.80M |
| Other Expenses | -34.92M | -45.08M | -41.66M | -45.34M | -41.55M | -38.50M | -38.01M | -37.25M | -35.13M | -28.16M | -25.83M | -33.05M | -51.72M | -60.17M | -51.11M | -37.27M | -1.93M | -14.98M | -11.49M | -12.54M | -11.04M | -7.32M | 5.59M | 13.57M | 10.40M | 11.30M | 10.60M | 8.50M | 10.30M | 7.30M |
| Operating Expenses | -34.92M | -27.87M | -25.54M | -29.69M | -25.89M | -22.51M | -23.01M | -22.49M | -21.02M | -14.39M | -12.28M | -19.34M | -35.70M | -43.68M | -34.52M | -22.99M | 11.10M | -2.63M | 36.50K | -1.92M | -1.97M | 1.21M | 13.93M | 20.26M | 16.80M | 18.50M | 16.50M | 13.40M | 14.80M | 11.10M |
| Cost & Expenses | -34.92M | -27.87M | -25.54M | -29.69M | -25.89M | -22.51M | -23.01M | -22.49M | -21.02M | -14.39M | -12.28M | -19.34M | -35.70M | -43.68M | -34.52M | -22.99M | 11.10M | -2.63M | 36.50K | -1.92M | -1.97M | 1.21M | 13.93M | 20.26M | 16.80M | 18.50M | 16.50M | 13.40M | 14.80M | 11.10M |
| Interest Income | 8.28M | 34.26M | 31.76M | 31.96M | 31.89M | 30.38M | 27.68M | 27.35M | 21.45M | 20.61M | 22.98M | 30.82M | 39.54M | 48.27M | 57.77M | 66.51M | 77.52M | 67.53M | 60.28M | 51.62M | 44.94M | 42.87M | 51.47M | 52.92M | 47.10M | 48.80M | 41.10M | 39.90M | 38.40M | 32.30M |
| Interest Expense | 12.72M | 2.00M | 1.55M | 2.85M | 3.34M | 2.23M | 1.80M | 1.59M | 1.51M | 1.21M | 3.29M | 7.14M | 11.14M | 17.26M | 23.87M | 32.80M | 38.82M | 28.84M | 24.51M | 20.99M | 20.29M | 21.29M | 30.44M | 33.00M | 28.90M | 31.90M | 25.70M | 24.20M | 22.60M | 18.10M |
| Depreciation & Amortization | 1.12M | 1.23M | 2.27M | 2.51M | 2.03M | 1.78M | 1.65M | 850.00K | 1.29M | 1.09M | 1.47M | 1.82M | 1.83M | 2.08M | 2.39M | 1.97M | 2.06M | 20.22K | 1.26M | 1.25M | 3.80M | 2.55M | 1.64M | 1.57M | 1.50M | 2.60M | 500.00K | 0.00 | -400.00K | -200.00K |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 31.00M | 0.00 | 0.00 |
| EBITDA Ratio | 19.67% | 37.45% | 47.70% | 38.34% | 35.47% | 42.06% | 36.32% | 39.38% | 27.18% | 52.31% | 61.16% | 45.14% | 3.99% | -8.68% | 23.48% | 48.34% | 128.43% | 94.21% | 103.06% | 98.17% | 105.24% | 113.71% | 163.25% | 193.93% | 181.33% | 208.21% | 193.92% | 176.14% | 185.71% | 173.65% |
| Operating Income | 8.55M | 13.27M | 18.93M | 14.37M | 11.12M | 13.36M | 10.60M | 12.07M | 6.07M | 13.49M | 15.55M | 12.59M | -420.00K | -5.40M | 7.47M | 17.69M | 57.40M | 42.49M | 42.32M | 34.67M | 32.93M | 28.66M | 38.54M | 43.50M | 39.30M | 38.00M | 34.60M | 31.00M | 31.60M | 25.90M |
| Operating Income Ratio | 19.67% | 32.25% | 42.56% | 32.61% | 30.04% | 37.25% | 31.55% | 34.92% | 22.42% | 48.39% | 55.87% | 39.43% | -1.19% | -14.10% | 17.78% | 43.48% | 123.98% | 94.16% | 100.09% | 94.75% | 94.35% | 104.42% | 156.60% | 187.19% | 174.67% | 194.87% | 191.16% | 176.14% | 188.10% | 175.00% |
| Total Other Income/Expenses | 8.55M | -4.44M | 18.93M | 14.37M | 11.12M | -3.95M | -3.79M | -2.91M | -3.61M | -2.15M | -5.32M | -884.00K | -11.56M | -22.66M | -16.40M | -15.11M | 18.57M | -28.84M | 17.80M | -20.99M | -20.29M | -21.29M | -30.44M | -33.00M | -28.90M | -31.90M | -25.70M | 2.60M | -22.60M | -18.10M |
| Income Before Tax | 8.55M | 11.27M | 18.93M | 14.37M | 11.12M | 11.12M | 8.81M | 10.47M | 4.57M | 12.28M | 12.26M | 5.45M | -11.56M | -22.66M | -16.40M | -15.11M | 18.57M | 13.65M | 17.80M | 13.68M | 12.64M | 7.36M | 8.09M | 10.50M | 10.40M | 6.10M | 8.90M | 6.80M | 9.00M | 7.80M |
| Income Before Tax Ratio | 19.67% | 27.39% | 42.56% | 32.61% | 30.04% | 31.02% | 26.20% | 30.31% | 16.86% | 44.05% | 44.06% | 17.08% | -32.76% | -59.18% | -39.07% | -37.16% | 40.12% | 30.25% | 42.11% | 37.38% | 36.22% | 26.83% | 32.88% | 45.18% | 46.22% | 31.28% | 49.17% | 38.64% | 53.57% | 52.70% |
| Income Tax Expense | 2.55M | 3.23M | 5.37M | 4.07M | 3.32M | 2.89M | 4.40M | 4.12M | 1.61M | 4.90M | -14.41M | 132.00K | 0.00 | 6.32M | -5.61M | -4.98M | 7.30M | 5.23M | 6.74M | 4.39M | 4.04M | 2.10M | 2.63M | 3.80M | 4.00M | 2.00M | 3.30M | 2.50M | 3.40M | 3.10M |
| Net Income | 6.01M | 8.05M | 13.56M | 10.30M | 7.79M | 8.24M | 4.40M | 6.35M | 2.96M | 7.38M | 26.67M | 5.32M | -11.56M | -28.98M | -10.80M | -10.13M | 11.27M | 8.43M | 11.07M | 9.29M | 8.61M | 5.27M | 5.46M | 6.70M | 6.40M | 4.10M | 5.60M | 4.30M | 5.60M | 4.70M |
| Net Income Ratio | 13.81% | 19.55% | 30.50% | 23.38% | 21.06% | 22.97% | 13.10% | 18.38% | 10.91% | 26.47% | 95.81% | 16.66% | -32.76% | -75.70% | -25.71% | -24.90% | 24.35% | 18.68% | 26.18% | 25.39% | 24.65% | 19.18% | 22.18% | 28.84% | 28.44% | 21.03% | 30.94% | 24.43% | 33.33% | 31.76% |
| EPS | 1.38 | 1.85 | 3.03 | 2.23 | 1.69 | 1.72 | 1.04 | 1.52 | 0.69 | 1.40 | 6.15 | 0.88 | -3.00 | -7.69 | -2.92 | -2.77 | 3.02 | 2.20 | 2.89 | 2.40 | 2.26 | 1.40 | 1.45 | 1.75 | 1.47 | 0.82 | 0.67 | 0.64 | 0.49 | 0.21 |
| EPS Diluted | 1.37 | 1.83 | 3.01 | 2.22 | 1.68 | 1.72 | 0.90 | 1.34 | 0.61 | 1.23 | 5.71 | 0.86 | -3.00 | -7.69 | -2.92 | -2.77 | 2.89 | 2.10 | 2.77 | 2.31 | 2.16 | 1.32 | 1.37 | 1.69 | 1.41 | 0.77 | 0.63 | 0.64 | 0.49 | 0.21 |
| Weighted Avg Shares Out | 4.35M | 4.36M | 4.47M | 4.62M | 4.61M | 4.79M | 4.23M | 4.18M | 4.13M | 4.05M | 4.00M | 3.93M | 3.85M | 3.77M | 3.70M | 3.66M | 3.73M | 3.83M | 3.83M | 3.87M | 3.81M | 3.76M | 3.76M | 3.83M | 4.35M | 5.00M | 6.21M | 6.72M | 11.51M | 22.03M |
| Weighted Avg Shares Out (Dil) | 4.38M | 4.39M | 4.50M | 4.65M | 4.64M | 4.79M | 4.89M | 4.74M | 4.67M | 4.61M | 4.31M | 4.02M | 3.85M | 3.77M | 3.70M | 3.66M | 3.90M | 4.01M | 4.00M | 4.02M | 3.98M | 3.99M | 3.98M | 3.97M | 4.54M | 5.32M | 6.21M | 6.72M | 11.51M | 22.03M |
Alerus Financial Corporation Completes Acquisition of HMN Financial, Inc.
GRAND FORKS, N.D.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) and its wholly owned subsidiary, Alerus Financial, National Association, (together, “Alerus”) announced today they have completed the previously announced acquisition of HMN Financial, Inc. (Nasdaq: HMNF) and its wholly owned subsidiary, Home...
ALERUS FINANCIAL CORPORATION AND HMN FINANCIAL, INC. RECEIVE STOCKHOLDER AND REGULATORY APPROVAL TO PROCEED WITH MERGER
GRAND FORKS, N.D. and ROCHESTER, Minn., Sept. 26, 2024 (GLOBE NEWSWIRE) -- Alerus Financial Corporation (Nasdaq: ALRS) and its wholly owned subsidiary, Alerus Financial, National Association, (together, “Alerus”) announced today they have received all regulatory approvals necessary to complete the...
Alerus Financial Corporation and HMN Financial, Inc. Receive Stockholder and Regulatory Approval to Proceed With Merger
GRAND FORKS, N.D. & ROCHESTER, Minn.--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS) and its wholly owned subsidiary, Alerus Financial, National Association, (together, “Alerus”) announced today they have received all regulatory approvals necessary to complete the previously announced acquisition of HMN Financial,...
HMN FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HMN Financial, Inc. - HMNF
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of HMN Financial, Inc. (NasdaqGM: HMNF) to Alerus Financial Corporation (NasdaqCM: ALRS)....
SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger and Upcoming Vote on September 12, 2024, of HMN Financial, Inc. – HMNF
NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are...
SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of HMN Financial, Inc. - HMNF
NEW YORK , July 30, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are...
SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of HMN Financial, Inc. – HMNF
NEW YORK, July 30, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are...
HMN Financial, Inc. Announces Dividend
ROCHESTER, Minn., July 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 September 9, 2024...
HMN Financial, Inc. Announces Second Quarter Results
Second Quarter Summary Net income of $1.0 million, down $0.4 million, from $1.4 million for second quarter of 2023 Diluted earnings per share of $0.22, down $0.10, from $0.32 for second quarter of 2023 Net interest income of $7.5 million,...
Shareholder Alert: Ademi LLP investigates whether HMN Financial, Inc. has obtained a Fair Price in its Transaction with Alerus
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...
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