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HMN Financial, Inc. Announces Second Quarter Results


 
ROCHESTER, Minn., July 20, 2021 (GLOBE NEWSWIRE) HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF), the $981 million holding company for Home Federal Savings Bank (the Bank), today reported
net income of $4.5 million for the second quarter of 2021, an increase of $1.8 million, compared to net income of $2.7 million for the second quarter of 2020.  Diluted earnings per share for
the second quarter of 2021 was $1.00, an increase of $0.42 from the diluted earnings per share of $0.58 for the second quarter of 2020.  The increase in net income between the periods was
primarily because of a $1.6 million increase in other non-interest income primarily related to a gain that was realized on the sale of real estate owned, a $1.2 million decrease in the provision ....

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