HomeStreet Management

Management criteria checks 3/4

HomeStreet's CEO is Mark Mason, appointed in Jan 2010, has a tenure of 14.33 years. total yearly compensation is $1.86M, comprised of 44.2% salary and 55.8% bonuses, including company stock and options. directly owns 1% of the company’s shares, worth $2.07M. The average tenure of the management team and the board of directors is 9.1 years and 4.5 years respectively.

Key information

Mark Mason

Chief executive officer

US$1.9m

Total compensation

CEO salary percentage	44.2%
CEO tenure	14.3yrs
CEO ownership	1.0%
Management average tenure	9.1yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

Here's Why Shareholders May Want To Be Cautious With Increasing HomeStreet, Inc.'s (NASDAQ:HMST) CEO Pay Packet

May 21

HomeStreet declares $0.25 dividend

Apr 30

CEO Compensation Analysis

How has Mark Mason's remuneration changed compared to HomeStreet's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$40m
Dec 31 2023	US$2m	US$824k	-US$28m
Sep 30 2023	n/a	n/a	-US$16m
Jun 30 2023	n/a	n/a	US$2m
Mar 31 2023	n/a	n/a	US$52m
Dec 31 2022	US$2m	US$794k	US$67m
Sep 30 2022	n/a	n/a	US$87m
Jun 30 2022	n/a	n/a	US$94m
Mar 31 2022	n/a	n/a	US$106m
Dec 31 2021	US$3m	US$775k	US$115m
Sep 30 2021	n/a	n/a	US$114m
Jun 30 2021	n/a	n/a	US$113m
Mar 31 2021	n/a	n/a	US$103m
Dec 31 2020	US$2m	US$738k	US$80m
Sep 30 2020	n/a	n/a	US$65m
Jun 30 2020	n/a	n/a	US$52m
Mar 31 2020	n/a	n/a	US$42m
Dec 31 2019	US$2m	US$700k	US$40m
Sep 30 2019	n/a	n/a	US$39m
Jun 30 2019	n/a	n/a	US$34m
Mar 31 2019	n/a	n/a	US$30m
Dec 31 2018	US$2m	US$700k	US$26m
Sep 30 2018	n/a	n/a	US$49m
Jun 30 2018	n/a	n/a	US$55m
Mar 31 2018	n/a	n/a	US$62m
Dec 31 2017	US$2m	US$690k	US$43m

Compensation vs Market: Mark's total compensation ($USD1.86M) is about average for companies of similar size in the US market ($USD1.63M).

Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.

CEO

Mark Mason (63 yo)

14.3yrs

Tenure

US$1,864,109

Compensation

Mr. Mark K. Mason has been the Chief Executive Officer and Director of HomeStreet, Inc. since January 20, 2010 and has been its President since August 16, 2010 and has been its Executive Chairman since Mar...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Mark Mason	Executive Chairman	14.3yrs	US$1.86m	1% $ 2.1m
John Michel	Executive VP & CFO	4yrs	US$904.89k	0.46% $ 948.8k
William Endresen	Commercial Capital President & Executive VP of Commercial Real Estate of Homestreet Bank	no data	US$1.26m	0.11% $ 229.7k
Troy Harper	Executive VP	8.9yrs	no data	0.086% $ 178.7k
Darrell van Amen	Chief Investment Officer	11.8yrs	US$650.76k	0.45% $ 922.8k
Godfrey Evans	Chief Administrative Officer	14.5yrs	US$587.72k	0.38% $ 787.1k
Jay Iseman	Executive VP & Chief Credit Officer	no data	US$354.33k	0.44% $ 908.5k
Richard W. Bennion	Executive Vice President	no data	US$514.90k	no data
Paul Renstrom	Senior VP of Homestreet Bank & Enterprise Risk Management Director	no data	no data	no data
Erik Hand	Executive VP & Residential Lending Director of HomeStreet Bank	5.3yrs	US$927.06k	0.068% $ 141.5k
Paulette Lemon	Executive VP & Retail Banking Director of HomeStreet Bank	9.3yrs	no data	0.10% $ 212.2k
David Parr	Executive VP & Director of Commercial Banking at HomeStreet Bank	3.7yrs	no data	0.039% $ 81.5k

9.1yrs

Average Tenure

63yo

Average Age

Experienced Management: HMST's management team is seasoned and experienced (9.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Mark Mason	Executive Chairman	14.3yrs	US$1.86m	1% $ 2.1m
S. Tompkins	Independent Director	less than a year	US$75.15k	0.030% $ 62.5k
Joanne Harrell	Independent Director	2.3yrs	US$132.00k	0.079% $ 163.7k
Scott Boggs	Independent Director	12.3yrs	US$133.77k	0.20% $ 410.4k
Sandra Cavanaugh	Independent Director	6yrs	US$143.42k	0.11% $ 226.1k
James Faulstich	Director Emeritus	no data	no data	no data
Nancy Pellegrino	Independent Director	4.6yrs	US$129.59k	0.086% $ 178.1k
Richard Page	Director Emeritus	no data	no data	no data
Julianne Zimmerman	Director Emeritus	no data	no data	no data
James Mitchell	Lead Independent Director	4.3yrs	US$152.57k	0.091% $ 188.4k
Jeffrey Green	Independent Director	3.9yrs	US$135.75k	0.098% $ 203.0k

4.5yrs

Average Tenure

69yo

Average Age

Experienced Board: HMST's board of directors are considered experienced (4.5 years average tenure).

HomeStreet Management

Management criteria checks 3/4

Key information

Recent management updates

HomeStreet, Inc. and FirstSun Capital Bancorp Announce Board Appointments

Executive Chairman exercised options and sold US$53k worth of stock

Executive VP & CFO recently bought US$60k worth of stock

Lead Independent Director recently bought US$457k worth of stock

Executive Chairman exercised options and sold US$79k worth of stock

Lead Independent Director recently bought US$870k worth of stock

Recent updates

Price target decreased by 7.9% to US$14.50

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates have been downgraded.

Full year 2023 earnings: EPS and revenues miss analyst expectations

HomeStreet, Inc. Announces Not to Pay Dividend for the First Quarter of 2024

HomeStreet, Inc. Announces Not to Pay Dividend for the First Quarter of 2024

Full year 2023 earnings: EPS and revenues miss analyst expectations

HomeStreet, Inc. and FirstSun Capital Bancorp Announce Board Appointments

FirstSun Capital Bancorp (OTCPK:FSUN) entered into a definitive merger agreement to acquire HomeStreet, Inc. (NasdaqGS:HMST) for approximately $280 million.

Strategic Merger Between HomeStreet And FirstSun: Everything You Need To Know

FirstSun Capital Bancorp (OTCPK:FSUN) entered into a definitive merger agreement to acquire HomeStreet, Inc. (NasdaqGS:HMST) for approximately $280 million.

New major risk - Share price stability

FirstSun Capital Bancorp (OTCPK:FSUN) entered into a definitive merger agreement to acquire HomeStreet, Inc. (NasdaqGS:HMST) for approximately $280 million.

Price target increased by 13% to US$9.50

HomeStreet, Inc. to Report Q4, 2023 Results on Jan 29, 2024

Executive Chairman exercised options and sold US$53k worth of stock

Price target decreased by 9.0% to US$7.63

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

HomeStreet, Inc. Announces Common Stock Dividend, Payable on November 22, 2023

Investor sentiment deteriorates as stock falls 17%

HomeStreet, Inc. to Report Q3, 2023 Results on Oct 30, 2023

HomeStreet Rejects Insufficient Offer for Sale of DUS Business

Consensus EPS estimates have been downgraded.

New minor risk - Earnings quality

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

HomeStreet, Inc. Announces Goodwill Impairment for the Second Quarter Ended June 30, 2023

Investor sentiment improves as stock rises 16%

HomeStreet, Inc. to Report Q2, 2023 Results on Jul 28, 2023

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 17%

Consensus EPS estimates fall by 11%

Executive VP & CFO recently bought US$60k worth of stock

Lead Independent Director recently bought US$457k worth of stock

Upcoming dividend of US$0.10 per share at 20% yield

Investor sentiment deteriorates as stock falls 44%

Price target decreased by 29% to US$15.50

Price target decreased by 18% to US$23.00

Investor sentiment deteriorates as stock falls 18%

Full year 2022 earnings: EPS misses analyst expectations

HomeStreet, Inc. (NasdaqGS:HMST) acquired Three former MUFG Union Bank, N.A. branches in Southern California, USA.

Consensus revenue estimates fall by 11%

Price target decreased by 7.3% to US$28.75

Now 26% undervalued

Full year 2022 earnings: EPS misses analyst expectations

HomeStreet, Inc. Announces Common Stock Dividend, Payable on February 22, 2023

Executive Chairman exercised options and sold US$79k worth of stock

Now 21% undervalued after recent price drop

HomeStreet, Inc. to Report Q4, 2022 Results on Jan 27, 2023

Price target decreased to US$32.20

Price target decreased to US$32.20

HomeStreet, Inc. Announces Common Stock Dividend, Payable on November 22, 2022

Price target decreased to US$35.60

Third quarter 2022 earnings: EPS exceeds analyst expectations

HomeStreet, Inc. to Report Q3, 2022 Results on Oct 24, 2022

Price target decreased to US$39.60

HomeStreet, Inc. Approves Quarterly Dividend, Payable on August 23, 2022

HomeStreet declares $0.35 dividend

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased to US$42.83

HomeStreet, Inc. to Report Q2, 2022 Results on Jul 25, 2022

Lead Independent Director recently bought US$870k worth of stock

Price target decreased to US$47.33

HomeStreet, Inc. Announces Board Changes

Independent Director recently bought US$1.1m worth of stock

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased to US$51.83

HomeStreet, Inc., Annual General Meeting, May 26, 2022

HomeStreet, Inc. to Report Q1, 2022 Results on Apr 25, 2022

Executive Chairman exercised options and sold US$141k worth of stock