OverviewSuggest Edit

HMN Financial is a stock savings bank holding company that owns Home Federal Savings Bank (the Bank). The Bank operates retail banking and loan production facilities in Minnesota, Iowa and Wisconsin. The Bank has two subsidiaries, Osterud Insurance Agency, Inc., which offers financial planning products and services, and HFSB Property Holdings, LLC, which acts as an intermediary for the Bank in holding and operating certain foreclosed properties. HMN's business involves attracting deposits from the general public and businesses and using such deposits to originate or purchase one- to four-family residential, commercial real estate and multi-family mortgage loans, among others. HMN invests in mortgage-backed and related securities, the United States government agency obligations and other permissible investments.
TypePublic
Founded1994
HQRochester, US
Websitejustcallhome.com

Latest Updates

Employees (est.) (Dec 2018)182(-2%)
Job Openings5
Revenue (FY, 2018)$38.1 M(+8%)
Share Price (Oct 2019)$21.2 (-2%)

HMN Financial Office Locations

HMN Financial has offices in Rochester, Albert Lea, Austin, Eagan and in 5 other locations
Rochester, US (HQ)
1016 Civic Center Dr NW
Albert Lea, US
143 W Clark St
Austin, US
2500 W Oakland Ave #434
Eagan, US
2805 Dodd Rd #160
Kasson, US
203 W Main St
Kasson, US
502 Mantorville Ave S
Show all (13)

HMN Financial Financials and Metrics

HMN Financial Revenue

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HMN Financial's revenue was reported to be $38.10 m in FY, 2018
USD

Net income (Q2, 2019)

2.9m

EBIT (Q2, 2019)

8.5m

Market capitalization (16-Oct-2019)

103.6m

Closing stock price (16-Oct-2019)

21.2

Cash (30-Jun-2019)

16.4m
HMN Financial's current market capitalization is $103.6 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

23.0m20.6m29.1m35.6m35.3m38.1m

Revenue growth, %

(10%)4%66%

Cost of goods sold

3.3m1.2m1.5m1.6m1.8m2.2m

Gross profit

19.7m19.4m27.6m34.0m33.5m35.9m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

7.6m7.1m6.7m7.3m6.5m6.9m7.6m8.3m9.3m9.1m8.5m8.9m9.2m8.9m9.9m9.4m

Cost of goods sold

404.0k334.0k306.0k297.0k326.0k391.0k397.0k374.0k395.0k404.0k407.0k461.0k493.0k470.0k526.0k587.0k690.0k829.0k

Gross profit

7.1m6.8m6.4m7.0m6.2m6.5m7.2m7.9m8.9m8.7m8.1m8.4m8.7m8.5m9.3m8.7m

Gross profit Margin, %

95%95%95%96%95%94%95%95%96%96%95%95%95%95%94%93%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

120.7m46.6m39.8m27.6m37.6m20.7m

Accounts Receivable

2.0m1.7m2.3m2.6m

Inventories

PP&E

6.7m7.0m7.5m8.2m8.2m9.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

26.7m7.4m3.0m6.4m4.4m8.2m

Depreciation and Amortization

880.0k576.0k706.0k850.0k949.0k1.1m

Inventories

Accounts Payable

(101.0k)(53.0k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

8.6m1.6m4.2m5.7m461.0k1.0m1.9m1.8m3.3m4.7m1.2m2.2m4.0m1.4m3.2m5.9m1.6m4.5m

Depreciation and Amortization

751.0k131.0k271.0k416.0k161.0k333.0k516.0k195.0k399.0k619.0k233.0k464.0k704.0k258.0k528.0k806.0k273.0k542.0k

Accounts Payable

(120.0k)(39.0k)(43.0k)(46.0k)(31.0k)(23.0k)(124.0k)

Cash From Operating Activities

17.2m5.3m8.0m17.0m536.0k510.0k9.6m4.6m12.4m17.5m4.5m8.4m12.0m4.3m8.4m12.8m3.1m4.1m
USDY, 2019

Financial Leverage

8.1 x
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HMN Financial Online and Social Media Presence

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HMN Financial News and Updates

HMN Financial, Inc. Announces First Quarter Results

First Quarter Highlights

HMN Financial, Inc. Announces Fourth Quarter Results

Fourth Quarter Highlights

HMN Financial, Inc. Announces 2019 Annual Meeting of Shareholders

Rochester, Minn., Jan. 23, 2019 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (NASDAQ:HMNF) today announced that its 2019 annual meeting of shareholders will take place at the Rochester Golf and Country Club in Rochester, Minnesota on April 23, 2019 at 10:00 a.m. CDT.

HMN Financial Blogs

Home Federal Blog

Meet Joleen Mittelstadt

Home Federal's Newest Vice President and Director of Human Resources   All of us at Home Federal are thrilled to welcome Joleen Mittelstadt to our executive team! Joleen joined us June 2019 and is taking on the important role of Vice President / Director of Human Resources at o…

Community Roots: Volunteer Profiles

  Strengthening Communities through Volunteering and Giving At Home Federal, we understand that the strength of a community – or its roots – is directly tied to the individuals, organizations, and businesses that make up that community. Built off the mantra of “Give Today to Hel…

Earn 400: Eve Did this and Earned Money

      Case Study: Eve Did This and Earned Money, You Can Too!   Eve is already a client at Home Federal. She took advantage of the Earn Up To 400 promotion and walked away with money in her pocket. Earn Up To 400 is not only for new clients, this promotion also rewards those…

HMN Financial Frequently Asked Questions

  • When was HMN Financial founded?

    HMN Financial was founded in 1994.

  • How many employees does HMN Financial have?

    HMN Financial has 182 employees.

  • What is HMN Financial revenue?

    Latest HMN Financial annual revenue is $38.1 m.

  • What is HMN Financial revenue per employee?

    Latest HMN Financial revenue per employee is $209.3 k.

  • Who are HMN Financial competitors?

    Competitors of HMN Financial include WeSwap, United Community Financial and Nimble.

  • Where is HMN Financial headquarters?

    HMN Financial headquarters is located at 1016 Civic Center Dr NW, Rochester.

  • Where are HMN Financial offices?

    HMN Financial has offices in Rochester, Albert Lea, Austin, Eagan and in 5 other locations.

  • How many offices does HMN Financial have?

    HMN Financial has 13 offices.