HomeStreet, Inc. operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Western United States. The company offers deposit and insurance products and services. Its loan products include commercial business and agriculture loans, single family residential mortgages, consumer loans, commercial loans secured by residential and commercial real estate, and construction loans for residential and commercial real estate development, as well as consumer installment loans and permanent loans on commercial real estate and single family residences. In addition, the company offers its products and services through bank branches, loan production offices, and ATMs, as well as through online, mobile, and telephone banking. As of December 31, 2020, it operated 62 full-service bank branches located in Washington state, Northern and Southern California, the Portland, Oregon, and Hawaii; and five primary stand-alone commercial lending centers in Central Washington, Oregon, Southern California, Idaho, and Utah. HomeStreet, Inc. serves small and medium sized businesses, real estate investors, professional firms, and individuals. The company was formerly known as Continental Mortgage and Loan Company. HomeStreet, Inc. was incorporated in 1921 and is headquartered in Seattle, Washington.
IPO Year: 2012
Exchange: NASDAQ
Website: homestreet.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/1/2025 | Neutral → Buy | Janney | |
| 11/5/2024 | $12.00 | Neutral → Outperform | Wedbush |
| 6/20/2024 | $13.50 | Neutral → Buy | Janney |
| 4/26/2023 | $21.00 → $12.00 | Outperform → Neutral | Wedbush |
| 2/1/2023 | $24.00 → $28.00 | Underweight → Neutral | Piper Sandler |
| 1/31/2023 | $38.00 → $29.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 6/14/2022 | $55.00 → $43.00 | Buy → Neutral | B. Riley Securities |
| 5/5/2022 | $52.00 → $40.00 | Neutral → Underweight | Piper Sandler |
| 11/10/2021 | $49.00 → $63.00 | Neutral → Outperform | Wedbush |
425 - HomeStreet, Inc. (0001518715) (Subject)
8-K - HomeStreet, Inc. (0001518715) (Filer)
SCHEDULE 13G - HomeStreet, Inc. (0001518715) (Subject)
425 - HomeStreet, Inc. (0001518715) (Subject)
10-Q - HomeStreet, Inc. (0001518715) (Filer)
425 - HomeStreet, Inc. (0001518715) (Subject)
8-K - HomeStreet, Inc. (0001518715) (Filer)
8-K - HomeStreet, Inc. (0001518715) (Filer)
425 - HomeStreet, Inc. (0001518715) (Subject)
DEFA14A - HomeStreet, Inc. (0001518715) (Filer)
4 - HomeStreet, Inc. (0001518715) (Issuer)
4 - HomeStreet, Inc. (0001518715) (Issuer)
4 - HomeStreet, Inc. (0001518715) (Issuer)
HomeStreet, Inc. (NASDAQ:HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank (the "Bank"), today announced the financial results for the quarter ended March 31, 2025. As we present non-GAAP measures in this release, the reader should refer to the non-GAAP reconciliations set forth below under the section "Non-GAAP Financial Measures." "As a result of the implementation of our new strategic plan, we anticipate a return to profitability during 2025," said Mark Mason, Chairman of the Board, President, and Chief Executive Officer. "During the first quarter of 2025, our core net loss was 44% less than the fourth quarter 202
Combination will create the premier, publicly-traded West Coast bank Mechanics Bank and HomeStreet, Inc. (NASDAQ:HMST) ("HomeStreet"), the holding company of HomeStreet Bank, jointly announced today that they have entered into a definitive merger agreement (the "Merger Agreement") providing for an all-stock business combination between HomeStreet and Mechanics Bank. Under the terms of the Merger Agreement, which was unanimously approved by the boards of directors of both companies, HomeStreet Bank will be merged with and into Mechanics Bank (the "Merger"), with Mechanics Bank surviving as a banking corporation incorporated under the laws of the State of California and as a wholly owned sub
HomeStreet, Inc. (NASDAQ:HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank, today announced the financial results for the quarter ended and year ended December 31, 2024. As we present non-GAAP measures in this release, the reader should refer to the non-GAAP reconciliations set forth below under the section "Non-GAAP Financial Measures." "After termination of the merger in the fourth quarter, we implemented a new strategic plan which included selling $990 million of multifamily loans in the fourth quarter," said Mark Mason, Chairman of the Board, President, and Chief Executive Officer. "This loan sale repositioned o
HomeStreet, Inc. (NASDAQ:HMST), the parent company of HomeStreet Bank, will conduct its quarterly analyst earnings conference call on Tuesday, January 28, 2025 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 2024 results and provide an update on recent events. A question and answer session for analysts will follow the presentation. Shareholders, analysts and other interested parties may register for the call at https://www.netroadshow.com/events/login?show=0dc16a05&confId=76173 or join the call by dialing directly at 1-833-470-1428 shortly before 1:00 p.m. ET using Access Code 651499. A rebroadc
HomeStreet, Inc. (NASDAQ:HMST), the parent company of HomeStreet Bank (the "Bank"), announced the closings of the previously announced sale by the Bank, on a servicing retained basis, of $990 million of multifamily commercial real estate loans, at a price, including the value of the retained servicing, of approximately 92% of the principal balance of the loans. Substantially all of the proceeds from the sale were used to pay down Federal Home Loan Bank borrowings. About HomeStreet, Inc. HomeStreet, Inc. (NASDAQ:HMST) is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. The Company is p
HomeStreet, Inc. (NASDAQ:HMST), the parent company of HomeStreet Bank (the "Bank"), today announced that the Bank entered into an agreement to sell to Bank of America, on a servicing retained basis, $990 million of multifamily commercial real estate loans, at a price, including the value of the retained servicing, of 92% of the principal balance of the loans. This loan sale is expected to close before December 31, 2024. "Entering into this agreement and completing the sale of $990 million of multifamily loans is the first step in implementing a new strategic plan which we expect to result in a return to profitability for the Bank and on a consolidated basis early next year," said Mark Mas
FirstSun Capital Bancorp (NASDAQ:FSUN) ("FirstSun") and HomeStreet, Inc. (NASDAQ:HMST) ("HomeStreet") announced that, based on discussions FirstSun and its subsidiary, Sunflower Bank, N.A. ("Sunflower") have had with the Federal Reserve and the Texas Department of Banking, that regulatory approvals necessary for the mergers with HomeStreet and its subsidiary, HomeStreet Bank to proceed have not been obtained and FirstSun and Sunflower have been asked to withdraw their merger applications. FirstSun and HomeStreet are discussing the pursuit of an alternative regulatory structure for the merger. The parties are also discussing terms on which they would terminate the merger agreement if no alte
HomeStreet, Inc. (NASDAQ:HMST), the parent company of HomeStreet Bank, will conduct an analyst earnings conference call on Wednesday, October 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 third quarter 2024 results and provide an update on recent events. A question and answer session for analysts will follow the presentation. Shareholders, analysts and other interested parties may register in advance at the following URL https://events.q4inc.com/attendee/556622279 or may join the call by dialing directly at 1-646-307-1963 or 1-800-715-9871 shortly before 1:00 p.m. ET using Access Code 7202613. A rebr
HomeStreet, Inc. (NASDAQ:HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank, today announced the financial results for the quarter ended September 30, 2024. As we present non-GAAP measures in this release, the reader should refer to the non-GAAP reconciliations set forth below under the section "Non-GAAP Financial Measures." Operating Results Third quarter 2024 compared to second quarter 2024 Reported Results: Net loss: $7.3 million compared to $6.2 million Net loss per fully diluted share: $0.39 compared to $0.33 Net interest margin: 1.33% compared to 1.37% Core Results (1): Net loss: $6.
Continuing Strong Asset Quality With Improved Metrics HomeStreet, Inc. (NASDAQ:HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank, today announced the financial results for the quarter ended June 30, 2024. As we present non-GAAP measures in this release, the reader should refer to the non-GAAP reconciliations set forth below under the section "Non-GAAP Financial Measures." Operating Results Second quarter 2024 compared to first quarter 2024 Reported Results: Net loss: $6.2 million compared to $7.5 million Loss per fully diluted share: $0.33 compared to $0.40 Net interest margin: