Homestreet Stock Price, News & Analysis

HomeStreet, Inc. (Nasdaq:HMST) reported strong financial results for Q1 2021, with net income of $29.7 million and fully diluted EPS of $1.35, reflecting an increase from the previous quarter. The company achieved a net interest margin of 3.29% and a return on equity (ROE) of 16.4%. Loan portfolio originations rose to $769 million, despite a slight decline in single-family loans. HomeStreet also originated $123 million in PPP loans and declared a cash dividend of $0.25 per share, 67% higher than the last quarter. Management expressed confidence in continued capital management and shareholder returns.

HomeStreet, Inc. (Nasdaq:HMST) will host its quarterly earnings call on April 27, 2021, at 1:00 p.m. EDT. CEO Mark K. Mason and CFO John M. Michel will present Q1 2021 financial results and recent developments. Registration is required for participation, which can be done via the provided link or by phone. A rebroadcast will be available approximately one hour after the call. Detailed information will be accessible on the company's website after market close on April 26, 2021.

HomeStreet, Inc. (Nasdaq: HMST) has expanded its share repurchase program by $25 million and increased its quarterly cash dividend from $0.15 to $0.25 per common share, payable on February 24, 2021. The decision reflects strong financial results for the year ended December 31, 2020, along with robust capital and liquidity positions. CEO Mark K. Mason emphasized active capital management as a strategy to enhance shareholder value amidst current economic uncertainties.

HomeStreet, Inc. (Nasdaq: HMST) reported strong financial performance in Q4 2020, with fully diluted EPS of $1.25 and core EPS of $1.47, reflecting a net income increase to $27.6 million. Full year results showed a notable net income of $80 million compared to $17.5 million in 2019. Key metrics included a net interest margin of 3.26% and a return on average assets of 1.47%. The loan portfolio originations rose 20% in Q4 to $734 million. The company anticipates sustained profitability improvements through strategic initiatives and efficient capital management.

HomeStreet, Inc. (Nasdaq:HMST) will hold its quarterly earnings conference call on January 26, 2021, at 1:00 p.m. EST. Mark K. Mason, Chairman, President, and CEO, along with John M. Michel, Executive VP and CFO, will discuss the fourth quarter and year-end 2020 results. A Q&A session will follow the presentation. Interested parties can register in advance or join the call by phone. Conference call details, including a rebroadcast option, will be available on the company's website after market close on January 25, 2021.

HomeStreet, Inc. (HMST) reported strong financial results for Q3 2020, posting a net income of $26.3 million, up from $18.9 million in Q2 2020. Earnings per diluted share rose to $1.15 compared to $0.81 in the previous quarter. The net interest margin increased to 3.20%, while return on average assets climbed to 1.40%. Loan originations fell by 27% but deposits increased by 3%. HomeStreet repurchased 1,018,772 shares in Q3 and declared a cash dividend of $0.15 per share, reaffirming its strong position despite pandemic challenges.

HomeStreet, Inc. (Nasdaq: HMST) has announced the reorganization of its Fannie Mae Delegated Underwriting and Servicing (DUS) business, effective September 30, 2020. This move transfers the origination, sale, and servicing of multifamily mortgages from HomeStreet Capital to HomeStreet Bank. The consolidation is expected to leverage the Bank’s capital resources, allowing for larger loan offerings and improved service to clients. HomeStreet has been active in the DUS program since 1988 and remains one of 23 authorized lenders in the U.S.

HomeStreet, Inc. (Nasdaq:HMST) will host its quarterly earnings conference call on October 27, 2020, at 1:00 p.m. EDT. Chairman and CEO Mark K. Mason and CFO John M. Michel will present Q3 2020 results and address recent developments. Following the presentation, there will be a Q&A session for shareholders and analysts.

Interested parties can register in advance or join by calling in. A rebroadcast will be available one hour post-call. Further details on the call will be accessible on the company's investor relations website after market close on October 26, 2020.

HomeStreet, Inc. (Nasdaq: HMST) has announced the appointment of David Parr as Executive Vice President and Director of Commercial Banking. In this role, Parr will oversee the Bank’s commercial lending operations across Washington, Oregon, California, and Hawaii. Mark K. Mason, the CEO, praised Parr's leadership and achievements, highlighting his 15 years of consecutive President’s Club recognition. Parr is an alumnus of Western Washington University and serves on multiple boards, showcasing his commitment to community and banking education.