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) 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.
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.
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