October 26, 2009
HF Financial Corp. Announces First Quarter Earnings and Quarterly Dividend
SIOUX FALLS, SD, October 26 – HF Financial Corp. (NASDAQ: HFFC), reported earnings of $855,000, or $0.21 in diluted earnings per common share for the fiscal first quarter ended September 30, 2009, versus earnings of $2.0 million, or $0.49 in diluted earnings per common share, in the comparable period in fiscal 2009. Adjusting for other-than-temporary impairment credit loss and net gain on sale of securities as mentioned below, our adjusted earnings (“Adjusted Earnings”) was $1.7 million and adjusted diluted earnings per common share (“Adjusted Diluted Earnings Per Share”) was $0.41 for the three month period ending September 30, 2009 as compared to $1.9 million or $0.48 (as adjusted) for the same period of fiscal 2009. Adjusted Earnings and Adjusted Diluted Earnings Per Share are non-GAAP financial measures...
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