HomeStreet Bank

HomeStreet Cancels Scheduled Fourth Quarter 2023 Analyst Earnings Call

Retrieved on: 
Tuesday, January 23, 2024

HomeStreet, Inc. (“HomeStreet”) (Nasdaq:HMST), the parent company of HomeStreet Bank, previously announced that an analyst earnings call was scheduled to occur on Tuesday January 30, 2024.

Key Points: 
  • HomeStreet, Inc. (“HomeStreet”) (Nasdaq:HMST), the parent company of HomeStreet Bank, previously announced that an analyst earnings call was scheduled to occur on Tuesday January 30, 2024.
  • In light of the announcement on January 16, 2024, that HomeStreet entered into a definitive merger agreement with FirstSun Capital Bancorp (OTCQX: FSUN), HomeStreet has decided that the analyst earnings call will not be held.
  • The earnings release and investor deck are still scheduled to be available on the company's web site after market close on Monday, January 29, 2024.

FirstSun Capital Bancorp and HomeStreet, Inc. Announce Transformational Strategic Merger and $175 Million Equity Raise

Retrieved on: 
Tuesday, January 16, 2024

FirstSun Capital Bancorp (“FirstSun,” or the “Company”) (OTCQX: FSUN), the holding company of Dallas-based Sunflower Bank, N.A.

Key Points: 
  • FirstSun Capital Bancorp (“FirstSun,” or the “Company”) (OTCQX: FSUN), the holding company of Dallas-based Sunflower Bank, N.A.
  • FirstSun also announced today that it has entered into investment agreements with investors to raise capital to support the merger, led by Wellington Management (“Wellington”, and combined the “Investors”).
  • FirstSun is excited about the strategic synergies of this merger and the opportunities created to deliver strong sustainable growth and superior shareholder value creation.
  • The acquisition equity capital is expected to close concurrently with the merger, subject to the concurrent closing of the merger and other closing conditions.

HomeStreet Schedules Fourth Quarter 2023 Analyst Earnings Call for Tuesday, January 30, 2024

Retrieved on: 
Monday, January 8, 2024

HomeStreet, Inc. (Nasdaq:HMST), the parent company of HomeStreet Bank, will conduct its quarterly analyst earnings conference call on Tuesday, January 30, 2024 at 1:00 p.m.

Key Points: 
  • HomeStreet, Inc. (Nasdaq:HMST), the parent company of HomeStreet Bank, will conduct its quarterly analyst earnings conference call on Tuesday, January 30, 2024 at 1:00 p.m.
  • ET.
  • Mark K. Mason, Chairman, President and CEO, and John M. Michel, Executive Vice President and CFO, will discuss fourth quarter 2023 results and provide an update on recent events.
  • The information to be discussed in the conference call will be available on the company's web site after market close on Monday, January 29, 2024.

HomeStreet Reports Third Quarter 2023 Results

Retrieved on: 
Monday, October 30, 2023

HomeStreet, Inc. (Nasdaq: HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank, today announced the financial results for the quarter ended September 30, 2023.

Key Points: 
  • HomeStreet, Inc. (Nasdaq: HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank, today announced the financial results for the quarter ended September 30, 2023.
  • “Our operating results for the quarter reflect the continuing adverse impact of the historically record velocity and magnitude of increases in short-term interest rates,” said Mark K. Mason HomeStreet’s Chairman of the Board, President, and Chief Executive Officer.
  • “Today, we do not see any meaningful credit challenges on the horizon.”
    HomeStreet, Inc. (Nasdaq: HMST), the parent company of HomeStreet Bank, will conduct a quarterly earnings conference call on Tuesday October 31, 2023, at 1:00 p.m.
  • Mark K. Mason, CEO and President, and John M. Michel, CFO, will discuss third quarter 2023 results and provide an update on recent events.

HomeStreet Announces a Common Stock Dividend of $0.10 Per Share

Retrieved on: 
Monday, October 30, 2023

HomeStreet, Inc. (Nasdaq: HMST) (“HomeStreet”), the parent company of HomeStreet Bank (the “Bank” and together with HomeStreet, the “Company”), announced that the Company's Board of Directors approved a $0.10 per share quarterly dividend.

Key Points: 
  • HomeStreet, Inc. (Nasdaq: HMST) (“HomeStreet”), the parent company of HomeStreet Bank (the “Bank” and together with HomeStreet, the “Company”), announced that the Company's Board of Directors approved a $0.10 per share quarterly dividend.
  • The dividend is payable on November 22, 2023 to shareholders of record at the close of business on November 8, 2023.

HomeStreet Schedules Third Quarter 2023 Analyst Earnings Call for Tuesday, October 31, 2023

Retrieved on: 
Thursday, October 5, 2023

HomeStreet, Inc. (Nasdaq:HMST), the parent company of HomeStreet Bank, will conduct its quarterly analyst earnings conference call on Tuesday, October 31, 2023 at 1:00 p.m.

Key Points: 
  • HomeStreet, Inc. (Nasdaq:HMST), the parent company of HomeStreet Bank, will conduct its quarterly analyst earnings conference call on Tuesday, October 31, 2023 at 1:00 p.m.
  • ET.
  • Mark K. Mason, Chairman, President and CEO, and John M. Michel, Executive Vice President and CFO, will discuss third quarter 2023 results and provide an update on recent events.
  • The information to be discussed in the conference call will be available on the company's web site after market close on Monday, October 30, 2023.

HomeStreet Responds to Blue Lion Capital Letters to Shareholders

Retrieved on: 
Friday, September 22, 2023

HomeStreet, Inc. (Nasdaq: HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank, today responded to Blue Lion Capital Letters to Shareholders, set forth in the letter below.

Key Points: 
  • HomeStreet, Inc. (Nasdaq: HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank, today responded to Blue Lion Capital Letters to Shareholders, set forth in the letter below.
  • In several recent letters to our Board of Directors and shareholders written by Chuck Griege, managing partner of Blue Lion Capital, he has proposed the Company sell our FNMA Delegated Underwriter and Servicer business (per Griege the “DUS license”) and related loan servicing portfolio (together our “DUS Business”) and utilize the gain and proceeds to sell certain low yielding loans and reduce borrowings.
  • .
  • One of the members of this third party group was recommended to us by Mr. Griege in a prior letter to our Board of Directors.

Blue Lion Capital Comments on the Bloomberg News article that HomeStreet Bank Is Said to Explore Options Including Sale

Retrieved on: 
Thursday, August 3, 2023

DALLAS, August 3, 2023 /PRNewswire/ -- Blue Lion Capital, a Dallas-based investment firm ("Blue Lion") that beneficially owns approximately 2.0% of the stock of HomeStreet, Inc. (Nasdaq: HMST) ("HomeStreet" or the "Company"), has issued a letter to shareholders regarding the Bloomberg News article dated August 1, 2023 that HomeStreet Bank is exploring options including a sale.

Key Points: 
  • Blue Lion believes that HomeStreet should immediately proceed with a sale of its FNMA DUS license and use the proceeds from the sale to re-position its balance sheet and remove the concerns regarding the viability of the bank.
  • This is not the first time that Blue Lion has made comments regarding HomeStreet and its DUS license.
  • At present, rather than aggressively pursuing options to remove the potential of bank failure, HomeStreet's management is hoping the current interest rate environment will change.
  • As a result, Blue Lion is strongly encouraging all shareholders to contact Mark Patterson, HomeStreet's lead independent director and express support for this strategy.

HomeStreet Reports Second Quarter 2023 Results

Retrieved on: 
Friday, July 28, 2023

HomeStreet, Inc. (Nasdaq: HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank, today announced the financial results for the quarter ended June 30, 2023.

Key Points: 
  • HomeStreet, Inc. (Nasdaq: HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank, today announced the financial results for the quarter ended June 30, 2023.
  • “As required under generally accepted accounting principles and based primarily on the significant decline in our stock price during the second quarter, we determined that our goodwill was impaired.
  • Additionally, loan delinquencies declined and our net charge-offs during the second quarter were only $0.1 million,” added Mr. Mason.
  • Mark K. Mason, CEO and President, and John M. Michel, CFO, will discuss second quarter 2023 results and provide an update on recent events.

HomeStreet Announces a Common Stock Dividend of $0.10 Per Share

Retrieved on: 
Friday, July 28, 2023

HomeStreet, Inc. (Nasdaq: HMST) (“HomeStreet”), the parent company of HomeStreet Bank (the “Bank” and together with HomeStreet, the “Company”), announced that the Company's Board of Directors approved a $0.10 per share quarterly dividend.

Key Points: 
  • HomeStreet, Inc. (Nasdaq: HMST) (“HomeStreet”), the parent company of HomeStreet Bank (the “Bank” and together with HomeStreet, the “Company”), announced that the Company's Board of Directors approved a $0.10 per share quarterly dividend.
  • The dividend is payable on August 23, 2023 to shareholders of record at the close of business on August 9, 2023.