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) has announced its quarterly earnings conference call to be held on January 25, 2022, at 1:00 p.m. ET. The call will feature insights from CEO Mark K. Mason and CFO John M. Michel, discussing the fourth quarter 2021 results and recent developments. Interested parties can register in advance or dial in to participate. A rebroadcast will be available post-call. HomeStreet, based in Seattle, Washington, primarily engages in real estate lending and banking services across the Western United States and Hawaii.
HomeStreet is launching commercial banking services in Honolulu, Hawaii, expanding their operational footprint after 40 years in retail banking. This move aims to support local businesses with a community banking alternative. Hawaiian native Mel Racadio will lead the new office, leveraging her 30 years of banking experience. HomeStreet celebrates this initiative alongside its 100th anniversary. The company is diversified in financial services, including commercial and residential lending.
HomeStreet Bank announced a matching gift of up to $150,000 to the Seattle Police Foundation to support officer wellness programs in the Seattle area. This initiative comes as the city faces increased violence, with over 100 more shootings compared to the previous year. The bank's CEO, Mark K. Mason, emphasized the importance of public safety and community relationships. Additionally, HomeStreet Bank plans to sponsor National Night Out events to strengthen police-community ties. This support highlights the bank's commitment to enhancing public safety in Seattle.
HomeStreet has achieved a notable milestone by completing its first fully digital loan closing on October 13, utilizing advanced technology from Snapdocs. This positions the bank as one of the pioneering lenders in the U.S. offering a completely digital closing experience, enhancing convenience for customers. The partnership aims to provide a quick, secure, and error-free process for borrowers, removing the traditional barriers of physical presence during notarization. This innovative step reflects HomeStreet's commitment to improving customer experience and streamlining mortgage processes.
HomeStreet (Nasdaq: HMST) announced an expansion of its share repurchase program, allowing for the repurchase of up to $20 million in common stock, pending regulatory approval. The Board also declared a quarterly dividend of $0.25 per share, payable on November 23, 2021 to shareholders of record by November 9, 2021. This buyback initiative aims to enhance shareholder value and reflects the company's confidence in its financial health.
HomeStreet, Inc. (Nasdaq:HMST) reported a net income of $27.2 million for Q3 2021, down from $29.2 million in Q2. Fully diluted EPS was $1.31, with ROE at 14.8% and ROAA at 1.48%. The loan portfolio saw $804 million in originations, despite a 26% decline in single-family loans. Total deposits increased by 4%, and a $5 million recovery of pandemic-related credit losses was noted. The company repurchased 372,622 shares at an average price of $40.26. HomeStreet anticipates loan portfolio growth driven by strong production and operational efficiency.
HomeStreet, Inc. (NASDAQ: HMST) will host its quarterly earnings conference call on October 26, 2021, at 1:00 p.m. ET. CEO Mark K. Mason and CFO John M. Michel will present third-quarter results and recent developments. A Q&A session will follow. Interested parties can register in advance or join by phone. A replay will be accessible an hour post-call. Relevant documentation regarding the results will be available on the company’s website after market close on October 25, 2021.
HomeStreet, Inc. is a diversified financial services firm based in Seattle, serving the Western U.S. and Hawaii.
In the final race of the season, Miss HomeStreet, driven by Jimmy Shane, secured second place at the Bill Muncey Cup Championship during San Diego Bayfair, showcasing speeds nearing 200 mph. Shane initially posted the fastest qualifier at 163 mph and won all preliminary heats. Despite crossing the finish line first, a false start resulted in a penalty. The Miss Madison racing team achieved 2021 National High Points Championship honors, alongside winning the Gold Cup in Madison. HomeStreet Bank CEO Mark K. Mason praised the community and competitors for an exciting season.
HomeStreet, Inc. (Nasdaq: HMST) celebrates its 100th anniversary today, August 18, marking a significant milestone in its history. CEO Mark Mason rang the Nasdaq opening bell on August 9 to honor this achievement. The State of Washington recognized the company with a Century Corporation certificate, highlighting its status among the few remaining incorporations from 1921. Mason acknowledged the contributions of customers and employees in fostering the company’s community-first banking approach. For more details, visit 100.homestreet.com.
HomeStreet, Inc. (Nasdaq: HMST) has announced an expansion of its share repurchase program, allowing for the repurchase of up to $15 million in common stock. This program permits purchases in the open market or through private transactions without obligation for specific amounts. Additionally, the company's Board of Directors approved a $0.25 per share quarterly dividend, payable on August 24, 2021, to shareholders of record by August 10, 2021. These initiatives aim to enhance shareholder value and reflect the company’s robust financial position.
FAQ
What is the current stock price of HomeStreet (HMST)?
What is the market cap of HomeStreet (HMST)?
What services does HomeStreet, Inc. offer?
Where is HomeStreet, Inc. located?
What is the main focus of HomeStreet, Inc.'s community efforts?
How long has HomeStreet, Inc. been in operation?
What types of loans does HomeStreet, Inc. offer?
Does HomeStreet, Inc. offer insurance services?
What sets HomeStreet, Inc. apart from other banks?
How can I stay updated on HomeStreet, Inc.'s latest news?
What is the stock symbol for HomeStreet, Inc.?
What industries does HomeStreet, Inc. primarily serve?
