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) 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.
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