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Homestreet Inc   (HMST)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

Homestreet Inc's Customers Performance

HMST

 
HMST's Source of Revenues In the Q3, Homestreet Inc 's corporate clients experienced a reduction by -0.76 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 6.29 %. During the corresponding time, Homestreet Inc revenue deteriorated by -33.87 % year on year, sequentially revenue fell by -6.78 %. While revenue at the Homestreet Inc 's corporate clients fell by -4.64 % year on year, sequentially revenue grew by 4.35 %.

List of HMST Customers




Customers of Homestreet Inc saw their costs of revenue decrease by -0.76 % in Q3 compare to a year ago, sequentially costs of revenue grew by 6.29 %, for the same period Homestreet Inc revnue deteriorated by -33.87 % year on year, sequentially revnue fell by -6.78 %.

List of HMST Customers


   
Customers Net Income fell in Q3 by Customers Net margin fell to %
-5.8 % 17.2 %



Homestreet Inc's Customers, Q3 2023 Revenue Growth By Industry
Customers in Construction Services Industry -4.58 %   
Customers in Life Insurance Industry -0.44 %   
Customers in Property & Casualty Insurance Industry -4.57 %   
Customers in Miscellaneous Financial Services Industry      12.55 %
Customers in Medical Equipment & Supplies Industry  
     
• Customers Valuation • Customers Mgmt. Effect.


Homestreet Inc's Comment on Sales, Marketing and Customers



At the same time, national banks have been focused on larger customers to achieve economies of scale in lending and depository relationships and have also consolidated business banking operations and support and reduced service levels in the Pacific Northwest. We have taken advantage of the failures and takeovers of certain of our competitors by recruiting well-qualified employees and attracting new customers who seek long-term stability, local decision-making, quality products and outstanding expertise and customer service. We believe there is a significant opportunity for a well-capitalized, community-focused bank that emphasizes responsive and personalized service to provide a full range of financial services to small- and middle-market commercial and consumer customers in markets that are not well served by existing community banks focused on that demographic, including Southern California. Accordingly, we opened additional home lending centers in Southern California while also expanding our home loan production into Arizona, and we increased our presence in Southern California through the acquisition of Simplicity Bank and its seven retail branch network. We have continued to increase our presence in Southern California by adding commercial lending teams and additional single family mortgage loan production personnel. We added another retail deposit branch and increased our commercial lending business further with the acquisition of Orange County Business Bank.






Homestreet Inc's Comment on Sales, Marketing and Customers


At the same time, national banks have been focused on larger customers to achieve economies of scale in lending and depository relationships and have also consolidated business banking operations and support and reduced service levels in the Pacific Northwest. We have taken advantage of the failures and takeovers of certain of our competitors by recruiting well-qualified employees and attracting new customers who seek long-term stability, local decision-making, quality products and outstanding expertise and customer service. We believe there is a significant opportunity for a well-capitalized, community-focused bank that emphasizes responsive and personalized service to provide a full range of financial services to small- and middle-market commercial and consumer customers in markets that are not well served by existing community banks focused on that demographic, including Southern California. Accordingly, we opened additional home lending centers in Southern California while also expanding our home loan production into Arizona, and we increased our presence in Southern California through the acquisition of Simplicity Bank and its seven retail branch network. We have continued to increase our presence in Southern California by adding commercial lending teams and additional single family mortgage loan production personnel. We added another retail deposit branch and increased our commercial lending business further with the acquisition of Orange County Business Bank.










HMST's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Homestreet Inc 262.16 225.18 -15.59 2,139
Arch Capital Group Ltd 33,189.22 13,634.00 4,442.00 5,200
American International Group Inc 52,896.48 46,802.00 3,878.00 36,600
Achari Ventures Holdings Corp I 35.36 855.20 -2.25 214
Beazer Homes Usa Inc 970.67 2,147.69 156.01 1,063
Century Communities Inc 2,778.69 3,727.03 194.24 510
Mr Cooper Group Inc 4,882.19 1,794.00 500.00 7,200
D r Horton Inc 50,167.01 35,928.60 4,782.60 13,237
Essent Group Ltd 5,739.29 1,109.76 696.39 366
Genworth Financial Inc 2,763.81 7,488.00 139.00 5,300
Green Brick Partners Inc 2,678.83 1,758.42 287.48 0
Kb Home 5,576.88 6,410.63 590.18 1,590
Lennar Corp 45,469.29 34,233.37 3,961.29 9,495
Lgi Homes Inc 2,699.50 2,358.58 199.23 390
Mbia Inc 306.97 95.00 -407.00 252
M d c Holdings Inc 4,752.93 4,520.11 401.01 0
Mi Homes Inc 3,645.69 4,033.50 465.37 1,008
Mgic Investment Corp 5,695.00 1,155.10 712.95 800
Meritage Homes Corporation 5,844.00 1,518.56 738.75 1,409
Nmi Holdings Inc 2,523.20 579.00 322.11 243
Nobility Homes Inc 109.85 64.82 11.32 129
Nvr Inc 26,196.16 9,518.20 1,591.61 6,600
New Home Co Inc 165.83 497.10 5.23 234
Radian Group Inc 4,661.77 1,240.59 603.12 1,881
Taylor Morrison Home Corp 6,262.31 7,901.79 871.98 113
Toll Brothers Inc 12,726.07 9,994.94 1,372.07 3,900
Tri Pointe Homes Inc 3,524.69 4,167.88 349.20 1,036
Vanjia Corporation 165.60 0.02 0.04 1
SUBTOTAL 286,427.30 203,533.87 26,861.90 98,771


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