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.
Type
Public
HQ
Rochester, US
Founded
1994
Size (employees)
172 (est)
Website
hmnf.com
HMN Financial was founded in 1994 and is headquartered in Rochester, US
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HMN Financial Office Locations

HMN Financial has an office in Rochester
Rochester, US (HQ)
1016 Civic Center Dr NW
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HMN Financial Financials and Metrics

HMN Financial Financials

HMN Financial's revenue was reported to be $35.55 m in FY, 2016 which is a 65.7% increase from the previous period.
USD

Revenue (Q1, 2018)

8.9 m

Gross profit (Q1, 2018)

8.5 m

Gross profit margin (Q1, 2018), %

94.7%

Net income (Q1, 2018)

1.4 m

EBIT (Q1, 2018)

6.8 m

Market capitalization (25-May-2018)

86.9 m

Closing share price (25-May-2018)

19.3

Cash (31-Mar-2018)

26.6 m
HMN Financial's current market capitalization is $86.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

23 m20.6 m21.5 m35.6 m

Revenue growth, %

(10%)4%66%

Cost of goods sold

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

Gross profit

19.7 m19.4 m19.9 m34 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

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

Cost of goods sold

404 k334 k306 k297 k326 k391 k397 k374 k395 k404 k407 k461 k470 k

Gross profit

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

Gross profit Margin, %

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

Cash

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

Accounts Receivable

2 m1.7 m2.3 m2.6 m

Inventories

PP&E

6.7 m7 m7.5 m8.2 m8.2 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

39.6 m10.4 m13.8 m18.9 m34.6 m12.5 m31.9 m26.6 m

PP&E

7 m7.4 m7.6 m8.1 m8.1 m8.1 m8.2 m8.3 m

Goodwill

802 k802 k802 k802 k802 k

Total Assets

564 m618.9 m638.2 m653.4 m685.7 m681 m725.2 m722.3 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

26.7 m7.4 m3 m6.4 m4.4 m

Depreciation and Amortization

880 k576 k706 k850 k949 k

Inventories

Accounts Payable

(101 k)(53 k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

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

Depreciation and Amortization

751 k131 k271 k416 k161 k333 k516 k195 k399 k619 k233 k464 k258 k

Accounts Payable

(120 k)(39 k)(43 k)(46 k)(31 k)(23 k)

Cash From Operating Activities

17.2 m5.3 m8 m17 m536 k510 k9.6 m4.6 m12.4 m17.5 m4.5 m8.4 m4.3 m
USDY, 2018

Financial Leverage

8.8 x
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