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.
HomeStreet, Inc. (HMST) is a prominent commercial bank headquartered in the Northwest, with extensive operations in California and Hawaii. Since its inception in 1921, HomeStreet has remained committed to fostering long-term relationships with its customers and actively supporting the communities it serves. With nearly a century of experience, HomeStreet offers a comprehensive suite of financial services that cater to both individuals and businesses.
HomeStreet's key services include commercial banking, commercial lending, consumer banking, mortgage lending, residential construction financing, commercial real estate financing, and insurance services. The bank's loan portfolio is diverse, encompassing commercial business loans, agricultural loans, consumer loans, single-family residential mortgages, loans secured by commercial real estate, and construction loans for both residential and commercial real estate projects.
HomeStreet places a significant emphasis on housing and homes, which aligns with its primary community focus. The bank also supports organizations where its employees are actively involved, reflecting its dedication to community engagement and corporate social responsibility.
HomeStreet's recent achievements and current projects underscore its robust financial condition and strategic partnerships. The bank continues to expand its offerings and adapt to the changing needs of its customers, ensuring a stable and progressive future.
For those invested in HomeStreet, Inc., staying updated with the latest developments, financial performance, and news is crucial. HomeStreet consistently provides relevant information and updates to keep its stakeholders informed about ongoing projects and significant milestones.
HomeStreet, Inc. (Nasdaq: HMST) announced a quarterly dividend of $0.35 per share, payable on February 22, 2023, to shareholders of record as of February 8, 2023. The company continues its commitment to returning value to shareholders while maintaining a diversified financial services operation, focusing on real estate lending and commercial and consumer banking. Recently recognized by Newsweek as the "Best Small Bank" in Washington in 2022, HomeStreet aims to enhance its standing in the financial sector and provide significant income to investors.
HomeStreet, Inc. (Nasdaq: HMST) reported Q4 2022 earnings with fully diluted EPS of $0.45, down from $1.08 in Q3 2022. Full year EPS fell to $3.49 from $5.46 in 2021. The company faced challenges due to increased interest rates, leading to a significant decline in loan demand and net interest margin, which was 2.53% in Q4 compared to 3.00% in Q3. However, total deposits rose by $842 million (13%). The company is planning a cash dividend of $0.35 per share and is set to acquire retail branches in California, adding over $450 million in low-cost deposits. A conference call discussing results is scheduled for January 30, 2023.
HomeStreet, Inc. (NASDAQ: HMST) is set to host its quarterly earnings conference call on January 30, 2023, at 1:00 p.m. ET. Led by CEO Mark K. Mason and CFO John M. Michel, the call will cover the company's fourth quarter 2022 results, with a Q&A session to follow. Shareholders and analysts can register for the call in advance or join directly. The relevant financial information will be available on the company's website after the market closes on January 27, 2023.
For more details, visit HomeStreet's Investor Relations.
HomeStreet, Inc. (NASDAQ: HMST) announced a quarterly dividend of $0.35 per share, payable on November 22, 2022, to shareholders on record by November 8, 2022. The company, headquartered in Seattle, Washington, primarily engages in real estate lending and banking services across the Western United States and Hawaii. HomeStreet Bank recently earned the title of 'Best Small Bank' in Washington by Newsweek in 2022.
HomeStreet, Inc. (Nasdaq: HMST) reported a net income of $20.4 million and earnings per share of $1.08 for Q3 2022, showing growth from $17.7 million and $0.94 in Q2 2022. The company grew its loan portfolio by 7% and total deposits by 10%, despite rising interest rates impacting mortgage sales revenue. Net interest income increased by 5% while net interest margin fell to 3.00%. HomeStreet declared a cash dividend of $0.35 and gained $4.3 million from branch sales, with plans to acquire three branches in California.
HomeStreet Bank is set to acquire three branches from MUFG Union Bank in California as part of a strategic divestiture directed by the Department of Justice. The sale, expected to close in Q1 2023, includes approximately
HomeStreet, Inc. (Nasdaq:HMST) will hold its quarterly earnings conference call on October 25, 2022, at 1:00 p.m. ET. Mark K. Mason, CEO, and John M. Michel, CFO, will discuss third-quarter results and recent developments. Participants can register online or join via phone. A rebroadcast will be available shortly after the call. The earnings information will be accessible on the company's website after market close on October 24, 2022.
About HomeStreet, Inc. - A diversified financial services provider in the Western U.S. and Hawaii, focusing on real estate lending and banking services.
Miss HomeStreet, driven by Jimmy Shane, won the Bill Muncey Cup in San Diego on September 18, 2022. Shane set a new average speed record of 165.636 mph, surpassing the previous record of 164.759 mph. The team previously secured the Indiana Governor’s Cup and Columbia Cup Championships, earning the title of 2022 National High Point Champions. HomeStreet Bank's CEO, Mark K. Mason, expressed pride in the team's achievements, emphasizing the community connection.
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