HF Financial Corp. Reports Earnings of $0.28 per share in Third Fiscal Quarter
April 29, 2014
SIOUX FALLS, SD, April 28, 2014 -- HF Financial Corp. (Nasdaq: HFFC) today reported earnings of $2.0 million, or $0.28 per diluted share, for the third quarter of fiscal 2014, compared to $2.2 million, or $0.31 per diluted share, for the second quarter of fiscal 2014. For the nine months ended March 31, 2014, earnings increased 13.4% to $5.1 million, or $0.73 per share, versus $4.5 million, or $0.64 per share for the comparable period one year earlier. Nonperforming assets as a percentage of total assets declined to 1.50% at March 31, 2014, from 1.71% one quarter earlier. In addition, the net interest margin increased 27 basis points to 2.89% and added $538,000 to pre-tax earnings in the third quarter relative to the second quarter of the current fiscal year.
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