HMN Financial, Inc. (HMNF) Reports Q4 EPS of $0.30

HMN Financial, Inc. (NASDAQ: HMNF) reported Q4 EPS of $0.30, versus $3.93 reported last year..

The decrease in net income in the fourth quarter of 2014 is due primarily to a $15.8 million increase in income tax expense as a result of eliminating the valuation reserve against the Company's deferred tax asset in the fourth quarter of 2013. Net income also decreased $0.8 million as a result of a decrease in the credit provision for loan losses between the periods. These decreases in net income were partially offset by a $0.2 million decrease in non-interest expenses due primarily to a decrease in legal and other expenses associated with real estate owned.

For earnings history and earnings-related data on HMN Financial, Inc. (HMNF) click here.

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