Hmn Financial Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 28, 2019 at 11:30 pm
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HMN Financial Inc. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income was USD 7.147 million compared to USD 6.332 million a year ago. Net income was USD 2.352 million compared to USD 387,000 a year ago. Basic earnings per share was USD 0.52 compared to USD 0.09 a year ago. Diluted earnings per share was USD 0.51 compared to USD 0.08 a year ago. For the full year, net interest income was USD 28.148 million compared to USD 25.883 million a year ago. Net income was USD 8.236 million compared to USD 4.404 million a year ago. Basic earnings per share was USD 1.89 compared to USD 1.04 a year ago. Diluted earnings per share was USD 1.72 compared to USD 0.9 a year ago.
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.
HMN FINANCIAL, INC. 
