secwatch.observer — SEC 8-K summary
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Issuer:     HMN FINANCIAL INC (—)
CIK:        0000921183
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0001437749-24-012479
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/921183/000143774924012479/0001437749-24-012479-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/921183/000143774924012479/hmnf20240417_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-012479

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer