REDWOOD FINANCIAL INC /MN/ (REDW)
Redwood Financial, Inc., established in 1924 and headquartered in Redwood Falls, Minnesota, functions as the financial holding company for HomeTown Bank. This institution provides a comprehensive suite of banking and financial services throughout Minnesota. Its offerings encompass a wide range of deposit options, including checking, savings, money market, and demand accounts, alongside IRAs, HSAs, and certificates of deposit. Lending solutions are equally diverse, covering personal, home equity, real estate, business, and agricultural financing. Beyond traditional banking, the company also provides a varied portfolio of insurance products, such as property, casualty, crop, and health/life coverage. Customers benefit from a host of convenience and business services like ATMs, bill pay, notary, safe deposit boxes, wire transfers, positive pay, remote deposit capture, merchant card services, and ACH transaction processing. Additionally, it offers credit cards and robust digital banking options through online, phone, and mobile platforms. Its extensive client base includes individuals, businesses, and the agricultural community.
Sector: Savings Institution, Federally Chartered
Industry: Banks - Regional
Redwood Financial, Inc.
OTC:REDWFinancial Services · Banks - Regional
+8.10%$199.99
Mkt Cap$110.45M
Float114K
O/S552K
Inst Own-
Div Yield1.17%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$39.22M
Net Income$5.32M
Total Assets$668.76M
Free Cash Flow$3.76M
Debt & Equity
Debt 40%
Equity 60%
Total Debt$33.42M
Total Equity$49.42M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in REDW's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$668.76M
Liabilities$619.34M
Accounts Receivable$2.5M
Accounts Payable$902K
Inventory$0
PP&E (Net)$20.25M
Goodwill$4.48M
Intangible Assets$8.7M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $39.22M | $26.66M | $22.86M | $26.53M | $22.35M | $25.08M | $19.53M |
| YoY Growth | 47.1% | 16.6% | -13.8% | 18.7% | -10.9% | 28.4% | - |
| Cost of Revenue | $8.72M | $0 | -$6.92M | $0 | $0 | $0 | $0 |
| Gross Profit | $30.5M | $26.66M | $29.78M | $26.53M | $22.35M | $25.08M | $19.53M |
| Gross Margin | 77.8% | 100.0% | 130.3% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1M | $781K | $735K | $741K | $465K | $524K | $0 |
| Other | $22.51M | $20.51M | $17.65M | -$5.04M | -$3.9M | -$3.19M | $2.54M |
| Total Operating Expenses | $23.51M | $21.29M | $18.38M | $5.04M | $3.9M | $3.19M | $2.54M |
| Operating Income (EBIT) | $6.99M | $5.37M | $4.49M | $8.34M | $7.39M | $10.2M | $6.89M |
| Operating Margin | 17.8% | 20.1% | 19.7% | 31.4% | 33.0% | 40.7% | 35.3% |
| Interest Expense | $8.72M | $9.45M | $6.9M | $1.62M | $1.07M | $1.95M | $895K |
| Interest Income | $29.99M | $27.14M | $21.11M | $16.19M | $16.95M | $20.72M | $15.73M |
| Other Income (Expense) | $0 | -$395K | -$515K | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $6.99M | $4.97M | $3.98M | $7.57M | $6.91M | $9.56M | $6M |
| Income Tax Expense | $1.67M | $1.38M | $1.09M | $1.91M | $1.9M | $2.69M | $1.62M |
| Net Income | $5.32M | $3.6M | $2.89M | $5.65M | $5.01M | $6.86M | $4.38M |
| Net Income Margin | 13.6% | 13.5% | 12.6% | 21.3% | 22.4% | 27.4% | 22.4% |
| Supplementary Data | |||||||
| EPS | 13.12 | 8.87 | 7.13 | 13.96 | 12.37 | 16.97 | 11.05 |
| Diluted EPS | 13.12 | 8.87 | 7.13 | 13.96 | 12.37 | 16.97 | 11.05 |
| Weighted Average OS | 405,567 | 405,567 | 405,435 | 405,047 | 405,047 | 404,537 | 396,334 |
| EBITDA | $8.87M | $6.68M | -$421K | $8.73M | $9.26M | $10.36M | $6.86M |
| EBITDA Margin | 22.6% | 25.1% | -1.8% | 32.9% | 41.4% | 41.3% | 35.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $14.92M | $15.38M | $18.71M | $27.85M | $15.75M | $16M | -$10.51M |
| Short-Term Investments | $0 | $0 | $0 | -$50.79M | -$25.37M | -$25.87M | $0 |
| Cash and Short-Term Investments | $14.92M | $15.38M | $18.71M | -$22.95M | -$9.62M | -$9.87M | -$10.51M |
| Accounts Receivable | $2.5M | $3.07M | $2.81M | $2.06M | $1.86M | $2.17M | $0 |
| Inventory | $0 | $0 | $0 | $20.88M | $7.76M | $7.71M | $0 |
| Other Current Assets | $0 | $18.45M | $21.52M | $29.91M | $17.61M | $18.16M | $19.24M |
| Total Current Assets | $17.42M | $36.89M | $43.05M | $29.91M | $17.61M | $18.16M | $19.24M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $20.25M | $20.54M | $13.99M | $14.25M | $14.51M | $15.1M | $15.63M |
| Goodwill | $4.48M | $4.48M | $4.48M | $4.48M | $4.48M | $4.48M | $4.48M |
| Intangible Assets | $8.7M | $9.26M | $5.33M | $10.56M | $9.65M | $2.99M | $4.48M |
| Long-Term Investments | $445.38M | $157.17M | $170.41M | $12.13M | $13.22M | $13.98M | $16.81M |
| Deferred Tax Assets | $774K | $2.84M | $7.35M | $8.85M | $2.79M | $2.09M | $1.88M |
| Other Long-Term Assets | $171.76M | -$191.45M | $523.25M | $470.14M | $470.72M | $415.06M | $293.55M |
| Total Long-Term Assets | $651.34M | $569.03M | $724.8M | $520.42M | $515.37M | $453.7M | $336.82M |
| Other Assets | $0 | $0 | -$183.74M | $0 | $0 | $0 | $0 |
| Total Assets | $668.76M | $605.93M | $584.1M | $550.33M | $532.97M | $471.86M | $356.06M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $902K | $1.11M | $868K | $195K | $98K | $242K | $239K |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $899K | $1.9M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$195K | -$98K | -$242K | $0 |
| Other Current Liabilities | $576.45M | $416.07M | $393.74M | -$195K | -$98K | $266.56M | -$2.14M |
| Total Current Liabilities | $577.35M | $417.18M | $394.61M | $314.83M | $315.09M | $267.7M | $157.32M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $33.42M | $0 | $0 | $0 | $0 | $0 | $25.77M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $176.76M | $148.6M | $137.62M | $132.76M |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $4.23M | $4.25M | $3.64M | $4.3M | $3.55M |
| Other Long-Term Liabilities | $8.56M | $9.49M | $153.72M | -$4.29M | -$3.64M | -$4.3M | -$29.31M |
| Total Long-Term Liabilities | $41.99M | $30.66M | $157.96M | $205.75M | $177M | $164.22M | $166.41M |
| Other Liabilities | $0 | $153.77M | -$4.23M | $0 | $0 | $0 | $0 |
| Total Liabilities | $619.34M | $566.57M | $548.33M | $520.59M | $492.09M | $431.92M | $323.73M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $113K | $113K | $113K | $113K | $113K | $113K | $113K |
| Retained Earnings | $58.56M | $54.15M | $51.44M | $49.42M | $44.62M | $40.44M | $34.39M |
| Comprehensive Income & Other | $0 | $0 | $0 | -$17.93M | -$1.98M | $1.3M | $207K |
| Other Stockholders' Equity | -$9.25M | -$14.91M | -$15.78M | -$19.79M | -$3.85M | -$618K | -$2.17M |
| Total Equity | $49.42M | $39.35M | $35.77M | $29.74M | $40.88M | $39.94M | $32.33M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $668.76M | $605.93M | $584.1M | $550.33M | $532.97M | $471.86M | $356.06M |
| Supplementary Data | |||||||
| Total Debt | $33.42M | $21.17M | $38.18M | $28.47M | $29.6M | $17.32M | $27.67M |
| Net Debt | $18.5M | -$15.38M | -$18.71M | $627K | $13.85M | $1.32M | $38.18M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $5.32M | $3.6M | $2.89M | $5.65M | $5.01M | $6.86M | $4.38M |
| Depreciation & Amortization | $1.88M | $1.71M | $1.19M | $1.16M | $1.03M | $801K | $861K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$2.92M | -$256K | -$751K | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$175K | -$257K | $2.55M | $0 | $0 | $0 | $0 |
| Total Working Capital Change | -$3.1M | -$514K | $1.8M | -$1.95M | $319K | $583K | $372K |
| Other Non-Cash Items | $399K | $922K | $1.13M | $3.78M | $2.89M | $1.39M | $1.61M |
| Net Cash from Operating | $4.5M | $5.72M | $7.01M | $6.32M | $7.18M | $8.04M | $5.51M |
| Investing Activities | |||||||
| Capital Expenditures | -$741K | -$7.47M | -$534K | -$405K | -$6.66M | -$267K | -$383K |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$22.86M | -$11.78M | -$8.96M | -$2.8M | -$91.03M | -$142.79M | -$43.72M |
| Sales of Investments | $30.62M | $25.83M | $12.46M | $30.57M | $41.26M | $36.99M | $17.83M |
| Other Investing Activities | -$62.29M | -$30.52M | -$49.36M | $1.09M | $757K | $2.83M | -$6.13M |
| Net Cash from Investing | -$55.27M | -$23.93M | -$46.39M | -$19.46M | -$67.14M | -$114.75M | -$32.4M |
| Financing Activities | |||||||
| Debt Repaid | -$10.28M | $15.03M | -$10.21M | $1.21M | -$12.29M | $8.89M | $209K |
| Common Stock Issuance | $0 | $0 | $56K | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | -$100K |
| Dividends Paid | -$913K | -$892K | -$872K | -$851K | -$830K | -$810K | -$599K |
| Other Financing Activities | $42.17M | $32.77M | $21.09M | $28.48M | $48.24M | $117.23M | $29.72M |
| Net Cash from Financing | $51.53M | $16.84M | $30.49M | $26.46M | $59.71M | $106.07M | $28.82M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $771K | -$1.37M | -$8.89M | $13.32M | -$251K | -$639K | $1.92M |
| Supplementary Data | |||||||
| Operating Cash Flow | $4.5M | $5.72M | $7.01M | $6.32M | $7.18M | $8.04M | $5.51M |
| Capital Expenditure | -$741K | -$7.47M | -$534K | -$405K | -$6.66M | -$267K | -$383K |
| Free Cash Flow | $3.76M | -$1.76M | $6.48M | $5.92M | $517K | $7.77M | $5.12M |
| Cash at Beginning | $12.68M | $14.05M | $22.95M | $9.62M | $9.87M | $10.51M | $0 |
| Cash at End | $13.45M | $12.68M | $14.05M | $22.95M | $9.62M | $9.87M | $1.92M |