ROCHESTER, Minn., July 26, 2023 (GLOBE NEWSWIRE) -- HMN Financial, Inc. (HMN or the Company) (Nasdaq:HMNF) today announced that its Board of Directors has declared a quarterly dividend of $0.08 per share of common stock, payable on September 7, 2023 to stockholders of record at the close of business on August 16, 2023. The declaration and amount of any future cash dividends remains subject to the sole discretion of the Board of Directors and will depend upon many factors, including the Company’s
Second Quarter Summary Net income of $1.4 million, down $0.9 million, from $2.3 million for second quarter of 2022Diluted earnings per share of $0.32, down $0.20, from $0.52 for second quarter of 2022Net interest income of $7.7 million, down $0.1 million, from $7.8 million for second quarter of 2022Gain on sales of loans of $0.3 million, down $0.5 million, from $0.8 million for second quarter of 2022Net interest margin of 2.90%, down 20 basis points, from 3.10% for second quarter of 2022Loans re