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.
The HMST news page on Stock Titan provides an archive of news and corporate communications related to HomeStreet, Inc., a diversified financial services company that historically traded on the Nasdaq Global Select Market under the ticker HMST. HomeStreet’s disclosures describe it as headquartered in Seattle, Washington and serving consumers and businesses in the Western United States and Hawaii, with principal activities in real estate lending, mortgage banking, and commercial and consumer banking through HomeStreet Bank.
News items for HMST include earnings releases that discuss quarterly and annual financial results, non-GAAP financial measures, credit quality metrics and strategic actions such as loan sales and balance sheet repositioning. For example, HomeStreet has reported on the sale of multifamily commercial real estate loans and the impact of such transactions on funding costs, liquidity and net interest margin.
A major theme in the HMST news record is the strategic merger with Mechanics Bank. Joint press releases and subsequent updates describe the Agreement and Plan of Merger, regulatory approvals, shareholder votes, and the completion of the merger on September 2, 2025. These items explain that HomeStreet Bank merged with and into Mechanics Bank, that the holding company changed its name to Mechanics Bancorp, and that its Class A common stock began trading under the symbol MCHB.
Investors reviewing HMST news can see how HomeStreet communicated its strategic plan, including loan portfolio sales, noninterest expense management and the rationale for combining with Mechanics Bank. The archive also reflects regulatory and shareholder milestones, such as the effectiveness of a registration statement on Form S-4 and the approval of merger-related proposals at a special meeting of shareholders.
Because the HMST ticker transitioned to MCHB in connection with the merger, this news page serves primarily as a historical record of HomeStreet’s standalone operations and its transformation into Mechanics Bancorp.
HomeStreet, Inc. (Nasdaq:HMST) has announced its quarterly earnings conference call to be held on January 25, 2022, at 1:00 p.m. ET. The call will feature insights from CEO Mark K. Mason and CFO John M. Michel, discussing the fourth quarter 2021 results and recent developments. Interested parties can register in advance or dial in to participate. A rebroadcast will be available post-call. HomeStreet, based in Seattle, Washington, primarily engages in real estate lending and banking services across the Western United States and Hawaii.
HomeStreet is launching commercial banking services in Honolulu, Hawaii, expanding their operational footprint after 40 years in retail banking. This move aims to support local businesses with a community banking alternative. Hawaiian native Mel Racadio will lead the new office, leveraging her 30 years of banking experience. HomeStreet celebrates this initiative alongside its 100th anniversary. The company is diversified in financial services, including commercial and residential lending.
HomeStreet Bank announced a matching gift of up to $150,000 to the Seattle Police Foundation to support officer wellness programs in the Seattle area. This initiative comes as the city faces increased violence, with over 100 more shootings compared to the previous year. The bank's CEO, Mark K. Mason, emphasized the importance of public safety and community relationships. Additionally, HomeStreet Bank plans to sponsor National Night Out events to strengthen police-community ties. This support highlights the bank's commitment to enhancing public safety in Seattle.
HomeStreet has achieved a notable milestone by completing its first fully digital loan closing on October 13, utilizing advanced technology from Snapdocs. This positions the bank as one of the pioneering lenders in the U.S. offering a completely digital closing experience, enhancing convenience for customers. The partnership aims to provide a quick, secure, and error-free process for borrowers, removing the traditional barriers of physical presence during notarization. This innovative step reflects HomeStreet's commitment to improving customer experience and streamlining mortgage processes.
HomeStreet (Nasdaq: HMST) announced an expansion of its share repurchase program, allowing for the repurchase of up to $20 million in common stock, pending regulatory approval. The Board also declared a quarterly dividend of $0.25 per share, payable on November 23, 2021 to shareholders of record by November 9, 2021. This buyback initiative aims to enhance shareholder value and reflects the company's confidence in its financial health.
HomeStreet, Inc. (Nasdaq:HMST) reported a net income of $27.2 million for Q3 2021, down from $29.2 million in Q2. Fully diluted EPS was $1.31, with ROE at 14.8% and ROAA at 1.48%. The loan portfolio saw $804 million in originations, despite a 26% decline in single-family loans. Total deposits increased by 4%, and a $5 million recovery of pandemic-related credit losses was noted. The company repurchased 372,622 shares at an average price of $40.26. HomeStreet anticipates loan portfolio growth driven by strong production and operational efficiency.
HomeStreet, Inc. (NASDAQ: HMST) will host its quarterly earnings conference call on October 26, 2021, at 1:00 p.m. ET. CEO Mark K. Mason and CFO John M. Michel will present third-quarter results and recent developments. A Q&A session will follow. Interested parties can register in advance or join by phone. A replay will be accessible an hour post-call. Relevant documentation regarding the results will be available on the company’s website after market close on October 25, 2021.
HomeStreet, Inc. is a diversified financial services firm based in Seattle, serving the Western U.S. and Hawaii.
In the final race of the season, Miss HomeStreet, driven by Jimmy Shane, secured second place at the Bill Muncey Cup Championship during San Diego Bayfair, showcasing speeds nearing 200 mph. Shane initially posted the fastest qualifier at 163 mph and won all preliminary heats. Despite crossing the finish line first, a false start resulted in a penalty. The Miss Madison racing team achieved 2021 National High Points Championship honors, alongside winning the Gold Cup in Madison. HomeStreet Bank CEO Mark K. Mason praised the community and competitors for an exciting season.
HomeStreet, Inc. (Nasdaq: HMST) celebrates its 100th anniversary today, August 18, marking a significant milestone in its history. CEO Mark Mason rang the Nasdaq opening bell on August 9 to honor this achievement. The State of Washington recognized the company with a Century Corporation certificate, highlighting its status among the few remaining incorporations from 1921. Mason acknowledged the contributions of customers and employees in fostering the company’s community-first banking approach. For more details, visit 100.homestreet.com.
HomeStreet, Inc. (Nasdaq: HMST) has announced an expansion of its share repurchase program, allowing for the repurchase of up to $15 million in common stock. This program permits purchases in the open market or through private transactions without obligation for specific amounts. Additionally, the company's Board of Directors approved a $0.25 per share quarterly dividend, payable on August 24, 2021, to shareholders of record by August 10, 2021. These initiatives aim to enhance shareholder value and reflect the company’s robust financial position.
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