Homestreet Inc (NASDAQ: HMST) |
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Homestreet Inc's Customers Performance
HMST
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HMST's Source of Revenues |
Homestreet Inc's Corporate Customers have recorded an advance in their cost of revenue by 8.16 % in the 3 quarter 2024 year on year, sequentially costs of revenue grew by 4.79 %. During the corresponding time, Homestreet Inc revenue deteriorated by -21.41 % year on year, sequentially revenue fell by -7.57 %. While revenue at the Homestreet Inc 's corporate clients fell by -3.47 % year on year, sequentially revenue grew by 4.2 %.
• List of HMST Customers
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Homestreet Inc's Customers have recorded an advance in their cost of revenue by 8.16 % in the 3 quarter 2024 year on year, sequentially costs of revenue grew by 4.79 %, for the same period Homestreet Inc revnue deteriorated by -21.41 % year on year, sequentially revenue fell by -7.57 %.
• List of HMST Customers
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Customers Net Income fell in Q3 by |
Customers Net margin fell to % |
-25 % |
13.36 % |
Customers Net Income fell in Q3 by -25 % |
Customers Net margin fell to 13.36 % 13.36 % |
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.
News about Homestreet Inc Contracts |
DENVER and 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 million to $60 million is expected, therefore escalating from previous overall capital projections.FirstSun and HomeStreet s announcement comes upon an era marked by dynamic changes in HomeStreet Inc s revenue patterns. During Q4 2023, HomeStreet s corporate customers noted an increase in their cost of revenue by 1.46% year on year. The rat...
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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 |
199.06 |
320.22 |
87.47 |
827 |
Arch Capital Group Ltd |
35,267.18 |
16,867.00 |
5,710.00 |
6,400 |
American International Group Inc |
46,992.26 |
35,715.00 |
-2,300.00 |
25,200 |
Achari Ventures Holdings Corp I |
34.17 |
855.20 |
-2.63 |
0 |
Beazer Homes Usa Inc |
813.82 |
2,327.29 |
140.18 |
1,158 |
Century Communities Inc |
2,292.99 |
4,030.34 |
229.37 |
445 |
Mr Cooper Group Inc |
6,192.13 |
1,975.00 |
547.00 |
6,800 |
D r Horton Inc |
45,719.82 |
36,801.40 |
4,806.00 |
9,429 |
Essent Group Ltd |
5,711.29 |
1,225.15 |
736.87 |
536 |
Genworth Financial Inc |
3,002.66 |
7,424.00 |
214.00 |
3,900 |
Green Brick Partners Inc |
2,438.91 |
1,950.61 |
379.08 |
229 |
Hovnanian Enterprises Inc |
980.44 |
3,004.92 |
242.01 |
1,500 |
Kb Home |
4,940.34 |
6,604.18 |
614.72 |
2,366 |
Lennar Corp |
37,265.42 |
35,055.87 |
4,081.90 |
12,284 |
Lgi Homes Inc |
2,048.83 |
2,253.62 |
197.29 |
1,540 |
Mbia Inc |
328.45 |
13.00 |
-579.00 |
0 |
M d c Holdings Inc |
0.00 |
5,132.93 |
347.77 |
1,763 |
Mi Homes Inc |
3,706.78 |
4,271.98 |
535.54 |
1,607 |
Mgic Investment Corp |
7,200.63 |
1,174.39 |
875.01 |
1,100 |
Meritage Homes Corporation |
2,797.92 |
1,727.80 |
967.29 |
1,838 |
Nmi Holdings Inc |
2,886.82 |
635.85 |
357.35 |
238 |
Nobility Homes Inc |
108.17 |
54.82 |
8.87 |
142 |
Nvr Inc |
26,282.72 |
10,111.44 |
1,634.57 |
6,300 |
Radian Group Inc |
4,844.76 |
1,300.44 |
598.84 |
1,461 |
Taylor Morrison Home Corp |
6,465.06 |
7,832.18 |
815.71 |
900 |
Toll Brothers Inc |
13,197.62 |
11,179.25 |
1,601.94 |
4,900 |
Tri Pointe Homes Inc |
3,378.66 |
5,101.26 |
463.52 |
1,438 |
Vanjia Corporation |
71.10 |
0.02 |
0.02 |
0 |
SUBTOTAL |
264,968.95 |
204,624.92 |
23,223.19 |
93,474 |
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