Trade HomeStreet Inc - HMST CFD

HomeStreet Company profile

About HomeStreet Inc

HomeStreet, Inc. is a financial services company serving customers primarily in the western United States. It 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. It is principally engaged in commercial banking, consumer banking, and real estate lending, including construction and permanent loans on commercial real estate and single-family residences. It also sells insurance products for consumer clients. It provides its financial products and services to its customers through bank branches, loan production offices, automated teller machines (ATMs), online, mobile and telephone banking channels. Its lending units under, which its loans are offered include commercial lending, single family residential lending, commercial real estate (CRE) lending and residential construction lending. Treasury management and digital banking are its deposit services.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, HomeStreet Inc interest income decreased 3% to $244.3M. Net interest income after loan loss provision increased 29% to $242.1M. Net income increased 44% to $115.4M. Net interest income after loan loss provision reflects Net Interest Margin - Total - % increase of 8% to 3.38%, Net Interest Spread - Total - % increase of 12% to 3.27%.

Equity composition

Common Stock no par, 03/12, 40M auth., 17,049,574 issd. Insiders own 18.25%. IPO:TBA. 03/12, 2-for-1 Stock split. 11/12, 2-for-1 Stock split.