HomeStreet

HomeStreet, Inc. is a holding company, which engages in the provision of commercial and consumer banking and real estate lending services. It operates through the Commercial and Consumer Banking. The Commercial and Consumer Banking segment offers diversified financial products and services to its commercial and consumer customers through bank branches, and through automated teller machines (ATMs), online, mobile and telephone banking. The company was founded on August 17, 1921 and is headquartered in Seattle, WA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

HomeStreet Bank reports Q4 earnings, plans acquisitions for growth

HomeStreet Bank's Q4 2022 performance showed a focus on profitability and asset quality.
Strategic initiatives aim to address revenue challenges and enhance operational efficiency.
Anticipated acquisitions and deposit growth strategies are key to future performance.
Challenges from interest rate increases require proactive measures for sustained financial health.

HomeStreet Bank reports Q1 net income of $5.1 million

HomeStreet Bank navigated Q1 2023 with a focus on liquidity management, expense control, and deposit stability. Despite challenges in net interest income and deposit runoff, the bank's diversified loan portfolio and solid capital position provide a foundation for growth. Strategic discussions on optimizing the balance sheet and managing customer loyalty present avenues for future success.

HomeStreet Bank reports Q2 loss, focuses on stability and growth

HomeStreet Bank faced challenges in Q2 2023 with a net loss driven by a goodwill impairment charge. Despite this, the bank maintained profitability and improved capital ratios.
Stable deposits, focus on customer service, and strategic lending initiatives position the bank for future growth. Opportunities exist to attract new deposits and enhance revenue streams.
Addressing challenges related to the goodwill impairment charge and limited loan portfolio growth will be crucial for sustained financial performance. The bank's resilience and commitment to service are key strengths.

HomeStreet Bank reports Q3 earnings, faces margin challenges and opportunities

HomeStreet Bank's Q3 2023 performance reflects a mixed financial outcome with improved capital ratios but challenges in net interest margin and rising costs.
The company's strengths lie in asset quality improvements, dividend payments, and strategic planning for stable operations in the near term.
Challenges include managing funding costs, evaluating acquisition proposals, and navigating market uncertainties for sustained profitability.
Opportunities exist in strategic growth initiatives, cost efficiency enhancements, and leveraging capital strength for future market advantages.

HomeStreet Bank reports Q3 loss, eyes strategic alternatives post-merger

HomeStreet Bank faced challenges with a net loss in Q3 2024, primarily driven by higher interest rates impacting net interest income.
Despite regulatory hurdles for the merger with FirstSun, the company's strong asset quality and stable deposit base offer resilience.
Exploring strategic alternatives and focusing on operational efficiency present opportunities for HomeStreet to navigate current challenges and drive future growth.

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Bank of America

The Seattle-based parent company of HomeStreet Bank agreed to sell $990 million in multifamily commercial real estate loans to Bank of America. The price, including the value of the retained servicing, is 92% of the principal balance of the loans, and the loan sale is expected to close before Tuesday (Dec.

HomeStreet to Sell $990 Million in Loans to Bank of America

HomeStreet Bank, a Seattle-based lender, is making a significant move to shore up its financial position by selling nearly $990 million of its multifamily commercial real estate loans to Bank of America (BofA). This strategic decision, announced Friday, aims to propel the bank back to profitability and alleviate the burden of expensive funding sources.

HomeStreet Bank sells $990M in loans to BofA in strategic profit push

HomeStreet Bank said on Friday it has agreed to sell nearly $990 million of its multifamily commercial real estate loans to Bank of America.

HomeStreet Bank to sell $990 mln multifamily loan portfolio to BofA

SEATTLE--(BUSINESS WIRE)--HomeStreet Enters into agreement to sell $990 Million in Multi-Family Loans.

HomeStreet Enters Into Agreement to Sell $990 Million in Multi-Family Loans

HomeStreet (HMST) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $0.12 per share a year ago.

HomeStreet (HMST) Reports Q3 Loss, Lags Revenue Estimates

Firstsun Capital Bancorp

DENVER & SEATTLE--(BUSINESS WIRE)--FirstSun Capital Bancorp (NASDAQ: FSUN) (“FirstSun”) and HomeStreet, Inc. (NASDAQ: HMST) (“HomeStreet”) announced that, based on discussions FirstSun and its subsidiary, Sunflower Bank, N.A. (“Sunflower”) have had with the Federal Reserve and the Texas Department of Banking, that regulatory approvals necessary for the mergers with HomeStreet and its subsidiary, HomeStreet Bank to proceed have not been obtained and FirstSun and Sunflower have been asked to with.

FirstSun Capital Bancorp and HomeStreet, Inc. Provide Update on Status of Strategic Merger

SEATTLE--(BUSINESS WIRE)--HomeStreet Schedules Third Quarter 2024 Analyst Earnings Call for Wednesday, October 30, 2024.

HomeStreet Schedules Third Quarter 2024 Analyst Earnings Call for Wednesday, October 30, 2024

SEATTLE--(BUSINESS WIRE)--HomeStreet, Inc. (Nasdaq: HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank, today announced the financial results for the quarter ended September 30, 2024. As we present non-GAAP measures in this release, the reader should refer to the non-GAAP reconciliations set forth below under the section “Non-GAAP Financial Measures.”   Operating Results   Third quarter 2024 compared to second quarter 2024.

HomeStreet Reports Third Quarter 2024 Results

While the top- and bottom-line numbers for HomeStreet (HMST) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, HomeStreet (HMST) Q2 Earnings: A Look at Key Metrics

HomeStreet (HMST) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to earnings of $0.17 per share a year ago.

HomeStreet (HMST) Reports Q2 Loss, Misses Revenue Estimates

SEATTLE--(BUSINESS WIRE)--HomeStreet Reports Second Quarter 2024 Results.

HomeStreet Reports Second Quarter 2024 Results

HomeStreet (HMST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate HomeStreet (HMST) to Report a Decline in Earnings: What to Look Out for

Citizens Financial Group

WSFS Financial

The Savings and Loan industry is facing challenges from high interest rates. At the same time, decent loan demand and a stable deposit base will help industry players like Citizens Financial (CFG), WSFS Financial (WSFS) and HomeStreet (HMST) to navigate headwinds.

3 Savings & Loan Stocks to Watch Amid High Interest Rate

HomeStreet was Encouraged by FirstSun Capital Bancorp Management to Hedge Interest Rate Risk After Merger was Announced in January 2024 but Mark Mason Refused HomeStreet's Profitability and Value Declined as Interest Rates Increased On April 30 th, FirstSun Amended and Lowered the Merger Consideration to HomeStreet Shareholders by $30.5 Million to Reflect HomeStreet's Lower Profitability and Value If Shareholders Receive $30.5 Million Less, Why Should HomeStreet Executives Receive $19.6 Million More Via Change in Control Payments? Last Week, HomeStreet Shareholders Voted Against HomeStreet Management Receiving the Payments Blue Lion Capital Encourages HomeStreet's Board to Do the Right Thing and Remove the Management Team Change in Control Payments as Part of the FirstSun Merger Blue Lion Encourages Shareholders to Contact James Mitchell, HomeStreet's Lead Independent Director DALLAS , June 27, 2024 /PRNewswire/ -- Blue Lion Capital, a Dallas-based investment firm ("Blue Lion") that beneficially owns approximately 1.3% of the stock of HomeStreet, Inc. (Nasdaq: HMST) ("HomeStreet" or the "Company"), has issued a letter to the HomeStreet Board of Directors ("Board") regarding Change in Control (CIC) payments that the Company's management team may receive as part of the FirstSun Capital Bancorp ("FSUN" or "FirstSun") merger.

Blue Lion Capital Encourages HomeStreet Board to Remove Management Team Change in Control Payments as Part of FSUN Merger

SEATTLE--(BUSINESS WIRE)--HomeStreet, Inc. (“the Company”) (Nasdaq: HMST) today announced that the preliminary vote count indicates that its shareholders approved the Agreement and Plan of Merger dated as of January 16, 2024, by and between FirstSun Capital Bancorp, the Company and Dynamis Subsidiary, Inc., as amended on April 30, 2024. Final voting results of the shareholder meeting held on June 18, 2024 will be filed with the Company's Form 8-K on Thursday June 20, 2024. “The strong vote in f.

HomeStreet Announces Approval of Merger with FirstSun

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating HomeStreet, Inc . ( NASDAQ: HMST ) , relating to its proposed sale to FirstSun Capital Bancorp. Under the terms of the agreement, HomeStreet stockholders will receive 0.4345 shares of FirstSun common stock per share of HMST they own.

PRESSING INVESTIGATION: The M&A Class Action Firm Investigates Merger and Imminent Vote on June 18, 2024, of HomeStreet, Inc. - HMST

Stericycle

NEW YORK, NY / ACCESSWIRE / June 4, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: HomeStreet, Inc. (NASDAQ:HMST)'s sale to FirstSun Capital Bancorp. Under the terms of the agreement, HomeStreet shareholders will receive 0.3867 shares (revised from 0.4345 shares under the original merger agreement) of FirstSun common stock for each share of HomeStreet common stock.

SHAREHOLDER UPDATE: Halper Sadeh LLC Continues to Investigate HMST, SRCL

Although the revenue and EPS for HomeStreet (HMST) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, HomeStreet (HMST) Q1 Earnings: A Look at Key Metrics

HomeStreet (HMST) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.27 per share a year ago.

HomeStreet (HMST) Reports Q1 Loss, Lags Revenue Estimates

DENVER & SEATTLE--(BUSINESS WIRE)--FirstSun Capital Bancorp (OTCQX: FSUN) (“FirstSun”) and HomeStreet, Inc. (“HomeStreet”) (Nasdaq: HMST) today announced that they have mutually agreed to amend their definitive merger agreement that was entered into on January 16, 2024. The amendment provides for, among other things: an increase in FirstSun's total equity capital raised in connection with the merger of an additional $45 million to $60 million, resulting in an increase from an aggregate capital.

FirstSun Capital Bancorp and HomeStreet, Inc. Amend Merger Agreement

SEATTLE--(BUSINESS WIRE)--HomeStreet Reports First Quarter 2024 Results.

HomeStreet Reports First Quarter 2024 Results

HomeStreet (HMST) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Fast-paced Momentum Stock HomeStreet (HMST) Is Still Trading at a Bargain

While the top- and bottom-line numbers for HomeStreet (HMST) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, HomeStreet (HMST) Q4 Earnings: A Look at Key Metrics

SEATTLE--(BUSINESS WIRE)--HomeStreet Reports Year End and Fourth Quarter 2023 Results.

HomeStreet Reports Year End and Fourth Quarter 2023 Results

Affirm

PNC Financial Services

The United States banking sector had been in the spotlight in the first half of last year, as a series of events shook the industry and the markets. In March 2023, a wave of bond selloffs triggered by rising inflation expectations caused massive losses for banks holding long-term debt securities.

News for HomeStreet Stock (HMST)