October 26, 2015

HF Financial Corp. Reports Fiscal First Quarter Core Earnings of $0.30 Per Diluted Share and GAAP Earnings of $0.55 Per Diluted Share Branch Sale Generates $2.8 Million Pre-tax Gain Declares Regular Quarterly Dividend of $0.1125 per Share

SIOUX FALLS, SD, October 26, 2015 -- HF Financial Corp. (Nasdaq: HFFC) today reported fiscal first quarter earnings increased 113% to $3.9 million, or $0.55 per diluted share, compared to $1.8 million, or $0.26 per diluted share one year earlier and from $2.0 million, or $0.28 per diluted share, one quarter earlier. The quarter's earnings reflect a pre-tax gain of $2.8 million on the previously announced sale of the Pierre branch with total deposits of approximately $21.4 million. Core earnings, a non-GAAP measure, were $2.1 million, or $0.30 per diluted share for the first fiscal quarter of 2016, as compared to core earnings of $1.7 million, or $0.24 per diluted share, for the first fiscal quarter a year ago. Core earnings were supported by a stronger tax equivalent net interest margin of 3.55% for the first quarter compared to 2.84% one year earlier...

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