---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-012479"
form_type: "8-K"
ticker: null
cik: "0000921183"
company_name: "HMN FINANCIAL INC"
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T17:49:55.157679+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# HMN Financial Q1 net income $1.3M ($0.30/share) down 19% YoY; net interest margin shrinks to 2.63%

## Summary
- Net income $1.3M, diluted EPS $0.30, down from $1.6M ($0.37) in Q1 2023.
- Net interest income fell $0.8M to $7.3M; net interest margin dropped 46 bps to 2.63%.
- Provision for credit losses negative $0.2M, down from year ago due to lower general reserves.
- Non-performing assets declined to $2.8M from $3.8M at year-end 2023.
- Book value per share $24.39, up from $22.35 a year ago.

## SEC filing metadata
- accession: 0001437749-24-012479
- form_type: 8-K
- cik: 0000921183
- company_name: HMN FINANCIAL INC
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/921183/000143774924012479/0001437749-24-012479-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/921183/000143774924012479/hmnf20240417_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-012479
- JSON: https://secwatch.observer/filing/0001437749-24-012479.json
- Plain text: https://secwatch.observer/filing/0001437749-24-012479.txt

## Key facts
- Earnings Releases
  HMN FINANCIAL INC reported quarter ended March 31, 2024 results: revenue $7.3 million, net income $1.3 million, EPS $0.30.
  - Period: quarter ended March 31, 2024
  - Revenue: $7.3 million
  - Net income: $1.3 million
  - EPS: $0.30
  - Result: reported results
  source text: First Quarter Summary ● Net income of $1.3 million, down $0.3 million, from $1.6 million for first quarter of 2023 ● Diluted earnings per share of $0.30, down $0.07, from $0.37 for first quarter of 2023 ● Net interest income of $7.3 million, down $0.8 million, from $8.1 million for first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/921183/000143774924012479/0001437749-24-012479-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.