STOCK TITAN

HomeStreet, Inc. - HMST STOCK NEWS

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

HomeStreet, Inc. (HMST) is a prominent commercial bank headquartered in the Northwest, with extensive operations in California and Hawaii. Since its inception in 1921, HomeStreet has remained committed to fostering long-term relationships with its customers and actively supporting the communities it serves. With nearly a century of experience, HomeStreet offers a comprehensive suite of financial services that cater to both individuals and businesses.

HomeStreet's key services include commercial banking, commercial lending, consumer banking, mortgage lending, residential construction financing, commercial real estate financing, and insurance services. The bank's loan portfolio is diverse, encompassing commercial business loans, agricultural loans, consumer loans, single-family residential mortgages, loans secured by commercial real estate, and construction loans for both residential and commercial real estate projects.

HomeStreet places a significant emphasis on housing and homes, which aligns with its primary community focus. The bank also supports organizations where its employees are actively involved, reflecting its dedication to community engagement and corporate social responsibility.

HomeStreet's recent achievements and current projects underscore its robust financial condition and strategic partnerships. The bank continues to expand its offerings and adapt to the changing needs of its customers, ensuring a stable and progressive future.

For those invested in HomeStreet, Inc., staying updated with the latest developments, financial performance, and news is crucial. HomeStreet consistently provides relevant information and updates to keep its stakeholders informed about ongoing projects and significant milestones.

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
-
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
-
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
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
-
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
-
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
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
-
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
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.37%
Tags
dividends
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.37%
Tags

FAQ

What is the current stock price of HomeStreet (HMST)?

The current stock price of HomeStreet (HMST) is $11.93 as of December 2, 2024.

What is the market cap of HomeStreet (HMST)?

The market cap of HomeStreet (HMST) is approximately 220.4M.

What services does HomeStreet, Inc. offer?

HomeStreet provides commercial banking, consumer banking, mortgage lending, residential construction financing, commercial real estate financing, and insurance services.

Where is HomeStreet, Inc. located?

HomeStreet operates primarily in the Northwest, California, and Hawaii.

What is the main focus of HomeStreet, Inc.'s community efforts?

HomeStreet's primary community focus is on housing and homes, supporting organizations where employees are actively involved.

How long has HomeStreet, Inc. been in operation?

HomeStreet has been operating since 1921.

What types of loans does HomeStreet, Inc. offer?

HomeStreet offers commercial business loans, agricultural loans, consumer loans, single-family residential mortgages, commercial real estate loans, and construction loans.

Does HomeStreet, Inc. offer insurance services?

Yes, HomeStreet provides various insurance services.

What sets HomeStreet, Inc. apart from other banks?

HomeStreet's long-term relationship focus, comprehensive service offerings, and community support distinguish it from other banks.

How can I stay updated on HomeStreet, Inc.'s latest news?

You can stay updated by regularly checking news releases and updates from HomeStreet, Inc.

What is the stock symbol for HomeStreet, Inc.?

The stock symbol for HomeStreet, Inc. is HMST.

What industries does HomeStreet, Inc. primarily serve?

HomeStreet serves a variety of industries including commercial, agricultural, residential construction, and real estate.

HomeStreet, Inc.

Nasdaq:HMST

HMST Rankings

HMST Stock Data

220.35M
17.78M
5.08%
80.56%
2.23%
Banks - Regional
State Commercial Banks
Link
United States of America
SEATTLE