HomeStreet, Inc. Stock News

HomeStreet, Inc. (NASDAQ:HMST ) Q4 2024 Earnings Conference Call January 28, 2025 1:00 PM ET Company Participants Mark K. Mason - Chairman, President and CEO John M.

HomeStreet faced a challenging 2024 despite early merger optimism; the failed deal with FirstSun left the bank struggling with high Loan to Deposit ratios. A strategic sale of $990 million in multifamily CRE loans to Bank of America helped reduce borrowings and improve the Loan to Deposit ratio. HomeStreet's cost of deposits is declining, improving net interest margin and net interest income, s...

SEATTLE--(BUSINESS WIRE)--HomeStreet Reports Year End and Fourth Quarter 2024 Results.

SEATTLE--(BUSINESS WIRE)--HomeStreet Schedules Fourth Quarter 2024 Analyst Earnings Call for Tuesday, January 28, 2025.

SEATTLE--(BUSINESS WIRE)--HomeStreet, Inc. (Nasdaq:HMST), the parent company of HomeStreet Bank (the "Bank"), announced the closings of the previously announced sale by the Bank, on a servicing retained basis, of $990 million of multifamily commercial real estate loans, at a price, including the value of the retained servicing, of approximately 92% of the principal balance of the loans. Substan...

The Seattle-based parent company of HomeStreet Bank agreed to sell $990 million in multifamily commercial real estate loans to Bank of America. The price, including the value of the retained servicing, is 92% of the principal balance of the loans, and the loan sale is expected to close before Tuesday (Dec.

HomeStreet Bank, a Seattle-based lender, is making a significant move to shore up its financial position by selling nearly $990 million of its multifamily commercial real estate loans to Bank of America (BofA). This strategic decision, announced Friday, aims to propel the bank back to profitability and alleviate the burden of expensive funding sources.

HomeStreet Bank said on Friday it has agreed to sell nearly $990 million of its multifamily commercial real estate loans to Bank of America.