HomeStreet Inc (OQ:HMST)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 601 UNION STREET STE. 2000, 2000 TWO UNION SQUARE SEATTLE WA 98101 |
| Tel: | N/A |
| Website: | https://ir.homestreet.com |
| IR: | See website |
| Key People | ||
| Mark K. Mason Chairman of the Board, President, Chief Executive Officer | David Parr Executive Vice President and Director of Commercial Banking of HomeStreet Bank | John M. Michel Chief Financial Officer, Executive Vice President |
| Godfrey B. Evans Chief Administrative Officer, Executive Vice President, General Counsel, Corporate Secretary | Darrell S. Van Amen Chief Investment Officer, Executive Vice President, Treasurer | Troy D. Harper Executive Vice President, Chief Information Officer |
| Jay C. Iseman Executive Vice President, Chief Credit Officer | William D. Endresen Executive Vice President of Commercial Real Estate and Commercial Capital President | Erik D. Hand Executive Vice President, Residential Lending Director | Paulette Lemon Executive Vice President of Retail Banking Director of HomeStreet Bank |
| Business Overview |
| HomeStreet, Inc. is a diversified financial services company. The Company is principally engaged in commercial banking, mortgage banking and consumer/retail banking activities serving customers primarily in the Western United States. It operates through its subsidiaries, which include HomeStreet Bank (the Bank), HomeStreet Statutory Trusts and HomeStreet Capital Corporation. The Bank provides commercial banking products and services to small and medium sized businesses, real estate investors and professional firms and consumer banking products and services to individuals. The Bank offers consumer and commercial banking, mortgage lending and loans for residential construction, commercial real estate financing, and insurance products and services on the West Coast and Hawaii. The Company's commercial loan portfolio is comprised of the non-owner occupied commercial real estate (CRE), multifamily, construction and land development, owner occupied CRE and commercial business loan classes. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, HomeStreet Inc interest income increased 31% to $399.7M. Net interest income after loan loss provision decreased 30% to $167.2M. Net loss totaled $27.5M vs. income of $66.5M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % decrease of 37% to 1.88%, Net Interest Spread - Total - % decrease of 52% to 1.3%. |
| Employees: | 883 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $240.48M as of Dec 31, 2023 |
| Annual revenue (TTM): | $399.74M as of Dec 31, 2023 |
| EBITDA (TTM): | $113.44M as of Dec 31, 2023 |
| Net annual income (TTM): | -$27.51M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$8.10M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $9.10M as of Dec 31, 2023 |
| Shares outstanding: | 18,857,566 as of Feb 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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