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HomeStreet Inc - HMST STOCK NEWS

Welcome to our dedicated news page for HomeStreet (Ticker: HMST), a resource for investors and traders seeking the latest updates and insights on HomeStreet.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect HomeStreet's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of HomeStreet's position in the market.

News
HomeStreet Reports Year End and Fourth Quarter 2023 Results
Rhea-AI Summary
HomeStreet, Inc. (HMST) announced its financial results for the quarter and year ended December 31, 2023. Additionally, the company revealed a definitive merger agreement with FirstSun Capital Bancorp, in which HomeStreet and HomeStreet Bank will merge with and into FirstSun and Sunflower Bank, respectively, in an all-stock transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
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News
HomeStreet Cancels Scheduled Fourth Quarter 2023 Analyst Earnings Call
Rhea-AI Summary
HomeStreet, Inc. cancels analyst earnings call due to merger agreement with FirstSun Capital Bancorp. Earnings release and investor deck still scheduled for availability on the company's website after market close on January 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
Tags
earnings
-
News
FirstSun Capital Bancorp and HomeStreet, Inc. Announce Transformational Strategic Merger and $175 Million Equity Raise
Rhea-AI Summary
FirstSun Capital Bancorp and HomeStreet, Inc. have entered into a merger agreement to create a premier regional bank with $17 billion in total assets and 129 branch locations across the Southwest and West Coast. The merger is expected to result in a 30%+ accretion to FSUN’s 2025 estimated EPS, with a pro forma balance sheet well-positioned and a highly experienced combined executive management team. The companies will combine in an all-stock transaction, with HomeStreet shareholders receiving 0.4345 of a share of FirstSun common stock for each share of HomeStreet common stock, representing a 37% premium to the closing price per share of HomeStreet Shares on January 12, 2024. The merger will create a premier midcap bank in the nation’s best markets and an opportunity to deploy FirstSun’s proven playbook of C&I focused growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.59%
Tags
acquisition
News
HomeStreet Schedules Fourth Quarter 2023 Analyst Earnings Call for Tuesday, January 30, 2024
Rhea-AI Summary
HomeStreet, Inc. (HMST) will conduct its quarterly analyst earnings conference call on January 30, 2024, at 1:00 p.m. ET. Mark K. Mason, Chairman, President and CEO, and John M. Michel, Executive Vice President and CFO, will discuss fourth quarter 2023 results and provide an update on recent events. Shareholders, analysts, and interested parties can register in advance or join the call directly. A rebroadcast will be available approximately one hour after the conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
Tags
earnings
-
News
HomeStreet Announces a Common Stock Dividend of $0.10 Per Share
Rhea-AI Summary
HomeStreet, Inc. (Nasdaq: HMST) has announced a $0.10 per share quarterly dividend. The dividend will be payable on November 22, 2023, to shareholders of record as of November 8, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.69%
Tags
dividends
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News
HomeStreet Reports Third Quarter 2023 Results
Rhea-AI Summary
HomeStreet, Inc. (Nasdaq: HMST) announced its financial results for Q3 2023. Net income was $2.3 million compared to a loss of $31.4 million in Q2. Earnings per share were $0.12 compared to a loss of $1.67. Return on Average Equity was 1.7% compared to -21.7%. Net interest margin decreased to 1.74% from 1.93%. Efficiency ratio increased to 98.3% from 93.7%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.69%
Tags
earnings
News
HomeStreet Schedules Third Quarter 2023 Analyst Earnings Call for Tuesday, October 31, 2023
Rhea-AI Summary
HomeStreet, Inc. (Nasdaq:HMST) will conduct its quarterly analyst earnings conference call on October 31, 2023 at 1:00 p.m. ET. The call will discuss third quarter 2023 results and recent events. Shareholders and analysts can register in advance or join the call directly. A rebroadcast will be available after the conference call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.42%
Tags
earnings
-
News
HomeStreet Responds to Blue Lion Capital Letters to Shareholders
Rhea-AI Summary
HomeStreet, Inc. responds to proposal to sell DUS Business
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.3%
Tags
none
-
News
Blue Lion Capital Updates Shareholders on HomeStreet Bank
Rhea-AI Summary
HomeStreet Has Received At Least One Letter of Intent for the FNMA DUS License and MSRs
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.49%
Tags
none
News
Blue Lion Capital Comments on the Bloomberg News article that HomeStreet Bank Is Said to Explore Options Including Sale
Rhea-AI Summary
Blue Lion Capital, an investment firm, urges HomeStreet to sell its FNMA DUS license, which could generate $100-150 million in proceeds. The sale would transform HomeStreet's balance sheet, remove viability concerns, and potentially lead to a significant revaluation of the stock. Shareholders are encouraged to contact Mark Patterson, HomeStreet's lead independent director.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.88%
Tags
none
Stock HMST logo
HomeStreet Inc

Nasdaq:HMST

HMST Rankings

#3604 Ranked by Market Cap
#5356 Ranked by Stock Gains
#1091 Ranked by Dividends

HMST Stock Data

242.70M
14.81M
5.08%
84.77%
3.11%
Savings Institutions
Finance and Insurance
Link
US
Seattle

About HMST

homestreet bank is one of the largest community banks in the northwest, california and hawaii. since we began in 1921, we've stayed focused on what we believe is most important: building long-term relationships with our customers and providing ongoing support to our communities. we offer a full range of financial services including commercial banking, commercial lending, consumer banking, mortgage lending, residential construction financing, commercial real estate financing and insurance services. our primary area of community focus is housing and homes. homestreet also supports organizations where our employees have an integral involvement.