|
Price: $15.2900
$0.20 
1.325%
|
| Day's High:
| $15.705
| Week Perf:
| 1.59 %
|
| Day's Low: |
$ 15.09 |
30 Day Perf: |
2.62 % |
| Volume (M): |
40 |
52 Wk High: |
$ 16.10 |
| Volume (M$): |
$ 609 |
52 Wk Avg: |
$11.76 |
| Open: |
$15.09 |
52 Wk Low: |
$4.20 |
|
|
| Market Capitalization (Millions $) |
288 |
| Shares
Outstanding (Millions) |
19 |
| Employees |
2,139 |
| Revenues (TTM) (Millions $) |
181 |
| Net Income (TTM) (Millions $) |
-15 |
| Cash Flow (TTM) (Millions $) |
46 |
| Capital Exp. (TTM) (Millions $) |
8 |
Homestreet Inc
HomeStreet, Inc. is a diversified financial services company founded in 1921
headquartered in Seattle, Washington and serving customers primarily in the
western United States, including Hawaii. The Company is principally engaged
in real estate lending, including mortgage banking activities, and commercial
and consumer banking. Our primary subsidiaries are HomeStreet Bank and HomeStreet
Capital Corporation. The Bank is a Washington state-chartered commercial bank
that provides consumer, mortgage and commercial loans, deposit products and
services, non-deposit investment products, private banking and cash management
services. Our primary loan products include consumer loans, single family residential
mortgages, loans secured by commercial real estate, construction loans for residential
and commercial real estate projects, commercial business loans and agricultural
loans. HomeStreet Capital Corporation, a Washington corporation, originates,
sells and services multifamily mortgage loans under the Fannie Mae Delegated
Underwriting and Servicing Program (“DUS"®)1 in conjunction with
HomeStreet Bank. Doing business as HomeStreet Insurance Agency, we provide insurance
products and services for consumers and businesses. We also offer single family
home loans through our partial ownership of WMS Series LLC, an affiliated business
arrangement with various owners of Windermere Real Estate Company franchises
whose home loan businesses are known as Windermere Mortgage Services and Penrith
Home Loans.
Commercial and Consumer Banking. We provide diversified financial products
and services to our commercial and consumer customers through bank branches,
ATMs, and online, mobile and telephone banking. These products and services
include deposit products; residential, consumer, business and agricultural loans
for our portfolio; non-deposit investment products; insurance products and cash
management services. We originate construction loans, bridge loans and permanent
loans for the Companys portfolio, primarily on single family residences, and
on office, retail, industrial and multifamily properties. We originate multifamily
real estate loans through our Fannie Mae DUS business, whereby loans are sold
to or securitized by Fannie Mae, while the Company generally retains the servicing
rights. This segment is also responsible for managing the Companys investment
securities portfolio.
Mortgage Banking. We originate single family residential mortgage loans for
sale in the secondary markets. The majority of our mortgage loans are sold to
or securitized by Fannie Mae, Freddie Mac or Ginnie Mae, while we retain the
right to service these loans. We have become a rated originator and servicer
of jumbo loans, allowing us to sell the loans we originate to other entities
for inclusion in securities. Additionally, we purchase loans from WMS Series
LLC through a correspondent arrangement with that company. We also sell loans
on a servicing-released and servicing-retained basis to securitizers and correspondent
lenders. A small percentage of our loans are brokered to other lenders or sold
on a servicing-released basis to correspondent lenders. On occasion, we may
sell a portion of our mortgage servicing rights ("MSR") portfolio.
We manage the loan funding and the interest rate risk associated with the secondary
market loan sales and the retained single family mortgage servicing rights within
this business segment.
Company Address: 601 Union Street, Suite 2000 Seattle 98101 WA
Company Phone Number: 623-3050 Stock Exchange / Ticker: NASDAQ HMST
|
|
|
Customers Net Income fell by |
HMST's Customers Net Profit Margin fell to |
-60.82 % |
5.98 %
|
|
|
|
|
|
|
|
| Stock Performances by Major Competitors |
|
|
|
| Homestreet Inc
Homestreet Inc, a prominent player in the Regional Banks industry, recently reported weak orders that caused growth in losses for the fiscal first quarter of 2024. The company's net deficit per share rose to $-0.40 from $0.27, a significant decline compared to the same period the previous year. Revenue fell by a staggering -29.451% to $41.61 million from $58.97 million, indicating a worrisome trend.
However, amidst the challenges faced by Homestreet Inc, it is interesting to note that the rest of the Regional Banks industry showed a modest 0.14% improvement relative to the first quarter of 2023. This contrast highlights the potential for growth in the sector, and Homestreet Inc would do well to leverage this opportunity.
|
| Business Update
Published Wed, May 1 2024 12:47 AM UTC
DENVER & SEATTLE - An amendment to the definitive merger agreement previously entered by FirstSun Capital Bancorp (FirstSun) and HomeStreet, Inc. (HomeStreet) on January 16, 2024, has been mutually agreed upon, announced the companies. The amendment provisions a substantial increase in FirstSun?s total equity capital to be raised concerning the merger. An additional $45 mill...
|
| Homestreet Inc
Homestreet Inc, a prominent regional bank, recently released its financial results for the fiscal period ending on December 31, 2023. These results have revealed a decline in business operations, leading to increased deficit and falling revenues. As investors and stakeholders analyze these figures, there is growing speculation on the possible impact it could have on the company going forward.
Decreasing Revenue and Growing Deficit:
Homestreet Inc's financial reports for the fourth quarter of 2023 indicate a significant decline in revenue. Comparing the figures to the same period the previous year, revenue contracted by -26.096% from $61.57 million to $45.50 million. This decline is further exacerbated by a -9.876% decrease from the previous quarter's revenue of $50.49 million.
The company's deficit per share also worsened, with a negative value of $-0.18, compared to $0.45 in the previous year, implying a significant downward trend. Furthermore, Homestreet Inc's net deficit for the fourth quarter came in at $-3.419 million, marking a stark contrast to the $8.501 million net proceeds achieved during the same period a year before.
|
| Homestreet Inc
Homestreet Inc, a leading financial institution, recently released its financial results for the July to September 30, 2023 interval. The figures reveal a significant decline in income, revenue, and net earnings compared to the previous year. Analysts have expressed concerns over the company's financial situation, highlighting the need for a thorough examination of the implications these results may have on Homestreet Inc's future.
Financial Decline and Negative Growth:
Homestreet Inc witnessed a sharp decrease in income, with earnings plummeting by 88.89% to $0.12 per share, compared to $1.08 per share in the same period the previous year. However, there is a silver lining as the income per share turned positive from $-1.67 per share in the previous quarter. This slight improvement hints at potential recovery, but the company still faces significant challenges.
|
| Homestreet Inc
Homestreet Inc, a renowned player in the Regional Banks industry, finds itself in troubled waters as declining orders and a significant increase in shortfall for the most recent fiscal period paint a bleak picture. With revenue plummeting by 25.884% and shortfall per share rising to a disheartening $-1.67, it is evident that Homestreet Inc is grappling with substantial challenges. This article provides a comprehensive analysis of the recent downturn in Homestreet Inc's financials and explores the factors contributing to its decline.
Stagnant Revenue and Declining Orders:
Despite an industry-wide revenue gain in the second quarter of 2023, Homestreet Inc witnessed a concerning 8.168% decrease in revenue compared to the previous quarter. This downturn can be attributed to a decline in orders, indicating potential issues with demand and market competition. Revenue fell from $73.07 million to $54.16 million, reflecting a distressing trend that could hamper the company's future growth prospects.
|
| Per Share |
Current |
| Earnings (TTM) |
-0.79 $ |
| Revenues (TTM) |
9.57 $
|
| Cash Flow (TTM) |
2.42 $ |
| Cash |
73.14 $
|
| Book Value |
27.58 $
|
| Dividend (TTM) |
0.2 $ |
|
|
| Per Share |
|
| Earnings (TTM) |
-0.79 $
|
| Revenues (TTM) |
9.57 $ |
| Cash Flow (TTM) |
2.42 $ |
| Cash |
73.14 $
|
| Book Value |
27.58 $ |
| Dividend (TTM) |
0.2 $ |
|
|
|
|
2.36%