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 |
|---|---|---|---|
| 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 |
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:
HomeStreet was Encouraged by FirstSun Capital Bancorp Management to Hedge Interest Rate Risk After Merger was Announced in January 2024 but Mark Mason Refused HomeStreet's Profitability and Value Declined as Interest Rates Increased On April 30th, FirstSun Amended and Lowered the Merger Consideration to HomeStreet Shareholders by $30.5 Million to Reflect HomeStreet's Lower Profitability and Value If Shareholders Receive $30.5 Million Less, Why Should HomeStreet Executives Receive $19.6 Million More Via Change in Control Payments? Last Week, HomeStreet Shareholders Voted Against HomeStreet Management Receiving the Payments Blue Lion Capital Encourages HomeStreet's Board to Do the Right Thing
FirstSun Capital Bancorp (OTCQX:FSUN) ("FirstSun") and HomeStreet, Inc. ("HomeStreet") (NASDAQ:HMST) today announced that they have mutually agreed to amend their definitive merger agreement that was entered into on January 16, 2024. The amendment provides for, among other things: an increase in FirstSun's total equity capital raised in connection with the merger of an additional $45 million to $60 million, resulting in an increase from an aggregate capital raise of $175 million to up to $235 million (as further discussed below); a revised exchange ratio pursuant to which HomeStreet shareholders will receive 0.3867 shares (revised from 0.4345 shares under the original merger agreeme
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 March 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." Operating Results First quarter 2024 compared to fourth quarter 2023 Reported Results: Net loss: $7.5 million compared to $3.4 million Loss per fully diluted share: $0.40 compared to $0.18 Net interest margin: 1.44% compared to 1.59% Core Results (1):
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, 2023. 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." "On January 16, 2024, FirstSun Capital Bancorp ("FirstSun"), the holding company of Sunflower Bank, and HomeStreet jointly announced that they have entered into a definitive merger agreement whereby HomeStreet and HomeStreet Bank will merge with and into FirstSun and Sunflower Bank,
HomeStreet, Inc. ("HomeStreet") (NASDAQ:HMST), the parent company of HomeStreet Bank, previously announced that an analyst earnings call was scheduled to occur on Tuesday January 30, 2024. In light of the announcement on January 16, 2024, that HomeStreet entered into a definitive merger agreement with FirstSun Capital Bancorp (OTCQX:FSUN), HomeStreet has decided that the analyst earnings call will not be held. The earnings release and investor deck are still scheduled to be available on the company's web site after market close on Monday, January 29, 2024. About HomeStreet, Inc. HomeStreet, Inc. (NASDAQ:HMST) is a diversified financial services company headquartered in Seattle, Washin
Combination will create a premier bank operating in the nation's best markets in the Southwest and West Coast Combined assets of approximately $17 billion Dallas, Texas headquartered bank with an extensive footprint in 6 of the top 10 fastest growing MSAs in the United States Top-tier performance metrics on a pro forma combined basis: ~1.4% ROA and ~17% ROATCE 30%+ accretion to FSUN's 2025 estimated EPS $175 million equity raise, led by Wellington Management, is fully committed Pro forma balance sheet well-positioned with a high-quality combined deposit franchise and neutral interest rate risk profile Highly experienced combined executive management team with proven exp
HomeStreet, Inc. (NASDAQ:HMST), the parent company of HomeStreet Bank, will conduct its quarterly analyst earnings conference call on Tuesday, 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. 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://www.netroadshow.com/events/login?show=a2f3ddca&confId=58801 (or internationally at the following URL https://www.netroadshow.com/conferencing/global-numbers?confId=5
HomeStreet, Inc. ("the Company") (NASDAQ:HMST) today announced that its shareholders re-elected the entire slate of directors recommended by the Company's Board of Directors ("the Board") at its 2022 annual shareholders' meeting, effective at the adjournment of the meeting. The Company also announced the retirement of Donald Voss as a director and Lead Independent Director. The Board also appointed Mark Mason to continue his service as Chairman of the Board and Chief Executive Officer and Mark Patterson to succeed Mr. Voss as Lead Independent Director. "We are grateful and deeply appreciative of Don Voss's financial institution experience and steady hand in his service as a board member. D
HomeStreet, Inc. (NASDAQ:HMST) or ("HomeStreet"), the parent company of HomeStreet Bank (the "Bank" and together with HomeStreet, the "Company"), today announced it has appointed Joanne Harrell to the Boards of Directors for both HomeStreet and HomeStreet Bank. Ms. Harrell brings extensive experience in executive roles within the high-tech, telecommunications and non-profit sectors. She has a record of creating public-private partnerships that lead to innovative solutions to pressing civic and societal issues. Most recently, Ms. Harrell worked for Microsoft Corporation for 20 years where she led teams in the sales, marketing and services disciplines focused on enterprise, public sector and
8-K - HomeStreet, Inc. (0001518715) (Filer)
10-Q - HomeStreet, Inc. (0001518715) (Filer)
8-K - HomeStreet, Inc. (0001518715) (Filer)
8-K - HomeStreet, Inc. (0001518715) (Filer)
8-K - HomeStreet, Inc. (0001518715) (Filer)
8-K - HomeStreet, Inc. (0001518715) (Filer)
10-Q - HomeStreet, Inc. (0001518715) (Filer)
8-K - HomeStreet, Inc. (0001518715) (Filer)
8-K - HomeStreet, Inc. (0001518715) (Filer)
8-K - HomeStreet, Inc. (0001518715) (Filer)
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:
HomeStreet was Encouraged by FirstSun Capital Bancorp Management to Hedge Interest Rate Risk After Merger was Announced in January 2024 but Mark Mason Refused HomeStreet's Profitability and Value Declined as Interest Rates Increased On April 30th, FirstSun Amended and Lowered the Merger Consideration to HomeStreet Shareholders by $30.5 Million to Reflect HomeStreet's Lower Profitability and Value If Shareholders Receive $30.5 Million Less, Why Should HomeStreet Executives Receive $19.6 Million More Via Change in Control Payments? Last Week, HomeStreet Shareholders Voted Against HomeStreet Management Receiving the Payments Blue Lion Capital Encourages HomeStreet's Board to Do the Right Thing
HomeStreet, Inc. ("the Company") (NASDAQ:HMST) today announced that the preliminary vote count indicates that its shareholders approved the Agreement and Plan of Merger dated as of January 16, 2024, by and between FirstSun Capital Bancorp, the Company and Dynamis Subsidiary, Inc., as amended on April 30, 2024. Final voting results of the shareholder meeting held on June 18, 2024 will be filed with the Company's Form 8-K on Thursday June 20, 2024. "The strong vote in favor of our merger with FirstSun reflects the attractiveness of the combination for the Company," said Mark Mason, Chairman of the Board, President, and Chief Executive Officer. "We are excited to accomplish this milestone in
FirstSun Capital Bancorp (OTCQX:FSUN) ("FirstSun") and HomeStreet, Inc. ("HomeStreet") (NASDAQ:HMST) today announced that they have mutually agreed to amend their definitive merger agreement that was entered into on January 16, 2024. The amendment provides for, among other things: an increase in FirstSun's total equity capital raised in connection with the merger of an additional $45 million to $60 million, resulting in an increase from an aggregate capital raise of $175 million to up to $235 million (as further discussed below); a revised exchange ratio pursuant to which HomeStreet shareholders will receive 0.3867 shares (revised from 0.4345 shares under the original merger agreeme
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 March 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." Operating Results First quarter 2024 compared to fourth quarter 2023 Reported Results: Net loss: $7.5 million compared to $3.4 million Loss per fully diluted share: $0.40 compared to $0.18 Net interest margin: 1.44% compared to 1.59% Core Results (1):
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, 2023. 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." "On January 16, 2024, FirstSun Capital Bancorp ("FirstSun"), the holding company of Sunflower Bank, and HomeStreet jointly announced that they have entered into a definitive merger agreement whereby HomeStreet and HomeStreet Bank will merge with and into FirstSun and Sunflower Bank,
HomeStreet, Inc. ("HomeStreet") (NASDAQ:HMST), the parent company of HomeStreet Bank, previously announced that an analyst earnings call was scheduled to occur on Tuesday January 30, 2024. In light of the announcement on January 16, 2024, that HomeStreet entered into a definitive merger agreement with FirstSun Capital Bancorp (OTCQX:FSUN), HomeStreet has decided that the analyst earnings call will not be held. The earnings release and investor deck are still scheduled to be available on the company's web site after market close on Monday, January 29, 2024. About HomeStreet, Inc. HomeStreet, Inc. (NASDAQ:HMST) is a diversified financial services company headquartered in Seattle, Washin
4 - HomeStreet, Inc. (0001518715) (Issuer)
SC 13G - HomeStreet, Inc. (0001518715) (Subject)
SC 13G - HomeStreet, Inc. (0001518715) (Subject)
SC 13G - HomeStreet, Inc. (0001518715) (Subject)
SC 13G/A - HomeStreet, Inc. (0001518715) (Subject)
SC 13G/A - HomeStreet, Inc. (0001518715) (Subject)
SC 13G/A - HomeStreet, Inc. (0001518715) (Subject)
SC 13G/A - HomeStreet, Inc. (0001518715) (Subject)
SC 13G/A - HomeStreet, Inc. (0001518715) (Subject)
SC 13G/A - HomeStreet, Inc. (0001518715) (Subject)
SC 13G/A - HomeStreet, Inc. (0001518715) (Subject)
4 - HomeStreet, Inc. (0001518715) (Issuer)
4 - HomeStreet, Inc. (0001518715) (Issuer)
4 - HomeStreet, Inc. (0001518715) (Issuer)
4 - HomeStreet, Inc. (0001518715) (Issuer)
4 - HomeStreet, Inc. (0001518715) (Issuer)
4 - HomeStreet, Inc. (0001518715) (Issuer)
4 - HomeStreet, Inc. (0001518715) (Issuer)
4 - HomeStreet, Inc. (0001518715) (Issuer)
4 - HomeStreet, Inc. (0001518715) (Issuer)
4 - HomeStreet, Inc. (0001518715) (Issuer)
Wedbush upgraded HomeStreet from Neutral to Outperform and set a new price target of $12.00
Janney upgraded HomeStreet from Neutral to Buy and set a new price target of $13.50
Wedbush downgraded HomeStreet from Outperform to Neutral and set a new price target of $12.00 from $21.00 previously
Piper Sandler upgraded HomeStreet from Underweight to Neutral and set a new price target of $28.00 from $24.00 previously
Keefe Bruyette downgraded HomeStreet from Outperform to Mkt Perform and set a new price target of $29.00 from $38.00 previously
B. Riley Securities downgraded HomeStreet from Buy to Neutral and set a new price target of $43.00 from $55.00 previously
Piper Sandler downgraded HomeStreet from Neutral to Underweight and set a new price target of $40.00 from $52.00 previously
Wedbush upgraded HomeStreet from Neutral to Outperform and set a new price target of $63.00 from $49.00 previously
DA Davidson resumed coverage of HomeStreet with a rating of Neutral and set a new price target of $49.00 from $43.00 previously
DA Davidson downgraded HomeStreet from Buy to Neutral and set a new price target of $49.00 from $43.00 previously
HomeStreet, Inc. ("the Company") (NASDAQ:HMST) today announced that the preliminary vote count indicates that its shareholders approved the Agreement and Plan of Merger dated as of January 16, 2024, by and between FirstSun Capital Bancorp, the Company and Dynamis Subsidiary, Inc., as amended on April 30, 2024. Final voting results of the shareholder meeting held on June 18, 2024 will be filed with the Company's Form 8-K on Thursday June 20, 2024.
Keefe, Bruyette & Woods analyst Wood Lay maintains HomeStreet (NASDAQ:HMST) with a Market Perform and maintains $13.5 price target.
Keefe, Bruyette & Woods analyst Wood Lay maintains HomeStreet (NASDAQ:HMST) with a Market Perform and lowers the price target from $15.5 to $13.5.
HomeStreet (NASDAQ:HMST) reported quarterly losses of $(0.40) per share which missed the analyst consensus estimate of $(0.08) by 400 percent.
an increase in FirstSun's total equity capital raised in connection with the merger of an additional $45 million to $60 million, resulting in an increase from an aggregate capital raise of $175 million to up to $235 million (as further discussed below);a revised exchange ratio pursuant to which HomeStreet shareholders will receive 0.3867 shares (revised from 0.4345 shares under the original merger agreement) of FirstSun common stock for each share of HomeStreet common stock, which represents a value of $13.53 per share (based on the closing price per share of FirstSun shares on April 29, 2024);a reduced termination fee payable by HomeStreet in certain circumstances if HomeStreet receives a c
More than a dozen banks in the U.S. find themselves under the keen eye of financial watchdogs due to their sizable portfolios of commercial real estate (CRE) loans. The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency jointly indicated their intent to scrutinize banks with CRE loan portfolios exceeding triple their capital and with growth that has exceeded 50% over the past three years. New York Community Bancorp, Inc (NYSE:NYCB) is not among institutions deserving increasing scrutiny. Despite having a CRE loan to total capital ratio of 462% — surpassing the regulatory concern threshold of 300% — NYCB’s portfolio growth of 25% over the pas
Wedbush analyst David Chiaverini maintains HomeStreet (NASDAQ:HMST) with a Neutral and raises the price target from $15 to $16.
HomeStreet (NASDAQ:HMST) reported its Q4 earnings results on Monday, January 29, 2024 at 04:01 PM. Here's what investors need to know about the announcement. Earnings HomeStreet missed estimated earnings by 700.0%, reporting an EPS of $-0.12 versus an estimate of $0.02. Revenue was down $19.42 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.07 which was followed by a 5.69% increase in the share price the next day. Here's a look at HomeStreet's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.05 0.19 0.40 0.75 EPS Actual 0.12 0.17 0.27 0.45 Revenue Estimate 52.92M 56.63M 63.24M 69.43M Revenue Act
HomeStreet (NASDAQ:HMST) reported quarterly losses of $(0.12) per share which missed the analyst consensus estimate of $0.02 by 700 percent. This is a 126.67 percent decrease over earnings of $0.45 per share from the same period last year. The company reported quarterly sales of $45.95 million which missed the analyst consensus estimate of $49.71 million by 7.57 percent. This is a 29.71 percent decrease over sales of $65.36 million the same period last year.