October 31, 2011
HF Financial Corp. Earns $0.21 per share for Fiscal 2012 First Quarter -- Capital Ratios Remain Strong and Credit Quality Improves, Declares Regular Quarterly Dividend of $0.1125 per share
SIOUX FALLS, SD, October 31, 2011 -- HF Financial Corp. (Nasdaq: HFFC) today reported it earned $1.4 million, or $0.21 per diluted share for the first fiscal quarter ended September 30, 2011, compared to $490,000, or $0.07 per diluted share, for the first fiscal quarter a year ago. Nonperforming assets declined to 2.64% at the end of September, from 3.12% at the end of the preceding quarter, reflecting improving conditions in the regional agricultural market. Capital ratios continued to expand and remain well above minimum regulatory requirements as a result of the addition of lower risk assets, controlled growth and retained earnings...
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