HMN Financial, Inc.

HMN Financial, Inc.

HMN Financial, Inc.

Overview
Date Founded

1994

Headquarters

1016 Civic Center Drive North West,Rochester, MN 55901

Type of Company

Public

Employees (Worldwide)

194

Industries

Holding Companies
Accounting & Financial Services
Retail & Commercial Banking

Company Description

HMN Financial, Inc. is a stock savings bank holding company, which provides retail banking and loan production facilities in Minnesota, Iowa, and Wisconsin. The company's activities include generation of deposits from the general public and businesses, and using such deposits to originate or purchase single family residential, commercial real estate, multi-family mortgage loans, consumer, construction, and commercial business loans; as well as investment in mortgage-backed and related securities, United States government agency obligations, and other permissible investments. It operates through the following segments: Home Federal Savings Banks and Other. The company was founded in 1994 and is headquartered in Rochester, MN.

Contact Data
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Executives & Employees

Director, President & Chief Executive Officer of the Company & Bank

Chief Financial Officer

Chief Operating Officer & Executive Vice President of the Bank

Secretary & Head-Investor Relations

Vice President & Director of Human Resources

Vice President & Director of Communications

Vice President & Director of Retail Banking

Senior Vice President & Director of Business Banking

Director of Operations

Senior Vice President, Director-Marketing & Client Information

Board of Directors

Founding Member at Mayo Clinic Health System - Eau Claire Hospital, Inc.

Director, President & Chief Executive Officer of the Company & Bank at HMN Financial, Inc.

Director-Hiawatha Chapter at Trout Unlimited, Inc.

Founder & Chief Executive Officer at Ambient Clinical Analytics, Inc.

Director-Real Estate at Kwik Trip, Inc.

Former Director-Gamehaven Council at Boy Scouts of America

Senior Vice President at HMN Financial, Inc.

Chief Financial Officer at HMN Financial, Inc.

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Owners & Shareholders
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Tontine Associates is a core value manager that invests in the undervalued stocks of community banks and thrifts. They also invest in the stocks of US small-cap and mid-cap companies in the process industries, consumer durables, energy minerals and industrial services sectors. The firm maintains a medium turnover rate. Tontine Associates is known to engage in shareholder activism investment strategies.

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Founded in 2004, River Oaks Capital LLC is an investment advisory firm located in Wayzata, Minnesota.

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Grace & White focus on investments in the shares of smaller companies that they believe misvalued by the securities markets. The firm seeks to invest in \"good\" companies at low valuations (relative to sales, net worth, earnings, cash flows, or other metrics) and to hold such investments until there is an adverse change or the market valuation appears to be excessive. Grace & While examines companies globally, but most investments are made in companies based in the US and other industrialized countries.

Recent Transactions
Details Hidden

HMN Financial, Inc., Home Federal Savings Bank (Rochester, Minnesota) purchase Deerwood Bank /Albert Lea Branch from Deerwood Bancshares, Inc.

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HMN Financial, Inc., Home Federal Savings Bank (Rochester, Minnesota) purchase Kasson State Bank from Palmer Bancshares, Inc. (Minnesota)

Details Hidden

Pinnacle Bank (Marshalltown, Iowa) purchases Home Federal Savings Bank (Toledo, Iowa Branch) from HMN Financial, Inc.

Advisors & Consultants
Legal Advisor

Former Partner at Faegre Baker Daniels LLP

Key Stats and Financials As of 2018
Market Capitalization
$107M
Total Enterprise Value
$73.5M
Earnings Per Share
$1.71
Revenue
$38.1M
Net Profit
$8.24M
Total Debt
$0
Total Equity
$83.1M
Enterprise Value Sales
1.93x
TEVNet Income
8.93x
Debt TEV
0x
Three Year Compounded Annual Growth Rate Of Revenue
10.03%
Five Year Compounded Annual Growth Rate Of Revenue
4.12%
Suppliers
Iowa Finance Authority Government | Des Moines, IA

Government of the United States of America Holding Companies | Washington, DC

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Minnesota Housing Finance Agency Government | Saint Paul, MN

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