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) reported strong financial results for Q2 2021, with fully diluted EPS at $1.37 and ROE at 16.3%. Despite a slight decrease in net income to $29.2 million from $29.7 million, the net interest margin improved to 3.45%, benefiting from PPP loan forgiveness and higher loan balances. Loan originations increased by 19% to $912 million, while noninterest-bearing deposits rose 8%. The company remains focused on returning capital to shareholders, having repurchased 565,356 shares at an average price of $44.22 per share.
In the third hydroplane race of the season, Miss HomeStreet, piloted by Jimmy Shane, secured third place at the HAPO Columbia Cup. The event showcased thrilling speeds of nearly 200 mph on a 2.5-mile course. Shane was the fastest qualifier and won all four preliminary heats, boosting Miss HomeStreet's positioning in the National High Points standings ahead of the next race at San Diego Bayfair. HomeStreet Bank's CEO commended the team's performance and community involvement, celebrating the tradition of hydroplane racing in the Pacific Northwest.
HomeStreet, Inc. (Nasdaq:HMST) celebrates its centennial anniversary on August 18, 2021. The State of Washington has recognized this milestone with a Century Corporation certificate. CEO Mark K. Mason highlights the company's strong culture and community service commitment. HomeStreet Bank has played a significant role in local communities, supporting initiatives aimed at homelessness and domestic violence recovery. The company offers various financial services, emphasizing community banking across the Western U.S. and Hawaii.
HomeStreet, Inc. (Nasdaq:HMST) will host its quarterly earnings conference call on July 27, 2021, at 1:00 p.m. EDT. Mark K. Mason, the CEO, and John M. Michel, CFO, will share insights on the second quarter 2021 results and recent developments. Participants can register in advance or join via phone. A rebroadcast will be available shortly after the call. HomeStreet is a diversified financial services firm in the Western U.S. and Hawaii, focusing on real estate lending and banking services.
HomeStreet, Inc. (Nasdaq: HMST) has announced an expansion of its share repurchase program, authorizing the buyback of up to $25 million of its common stock. This initiative, along with the declaration of a quarterly dividend of $0.25 per share, aims to enhance shareholder value. The dividend is scheduled for payment on May 26, 2021, to shareholders on record by May 11, 2021. The company has stated that repurchases may occur through various methods, reflecting a commitment to returning capital to shareholders while maintaining operational flexibility.
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.