HomeStreet Past Earnings Performance

Past criteria checks 0/6

HomeStreet's earnings have been declining at an average annual rate of -13.9%, while the Banks industry saw earnings growing at 9.5% annually. Revenues have been declining at an average rate of 1.7% per year.

Key information

-13.9%

Earnings growth rate

-10.7%

EPS growth rate

Banks Industry Growth	11.2%
Revenue growth rate	-1.7%
Return on equity	-7.6%
Net Margin	-20.9%
Last Earnings Update	31 Mar 2024

Recent past performance 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

Revenue & Expenses Breakdown
Beta

How HomeStreet makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:HMST Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	192	-40	200
31 Dec 23	209	-28	201
30 Sep 23	225	-16	203
30 Jun 23	251	2	204
31 Mar 23	270	52	203
31 Dec 22	290	67	205
30 Sep 22	320	87	207
30 Jun 22	331	94	209
31 Mar 22	348	106	213
31 Dec 21	362	115	215
30 Sep 21	370	114	223
30 Jun 21	375	113	226
31 Mar 21	367	103	227
31 Dec 20	338	80	236
30 Sep 20	307	65	220
30 Jun 20	287	52	220
31 Mar 20	274	42	224
31 Dec 19	264	40	216
30 Sep 19	254	39	215
30 Jun 19	240	34	200
31 Mar 19	226	30	188
31 Dec 18	223	26	195
30 Sep 18	289	49	242
30 Jun 18	365	55	312
31 Mar 18	438	62	374
31 Dec 17	216	43	186
30 Sep 17	503	36	441
30 Jun 17	526	50	442
31 Mar 17	544	61	441
31 Dec 16	535	58	430
30 Sep 16	517	65	405
30 Jun 16	465	47	384
31 Mar 16	430	37	363
31 Dec 15	416	41	345
30 Sep 15	391	38	319
30 Jun 15	357	33	293
31 Mar 15	323	30	267
31 Dec 14	286	22	246
30 Sep 14	265	16	235
30 Jun 14	254	12	230
31 Mar 14	252	15	225
31 Dec 13	264	24	222
30 Sep 13	291	46	222
30 Jun 13	311	66	209

Quality Earnings: HMST is currently unprofitable.

Growing Profit Margin: HMST is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HMST is unprofitable, and losses have increased over the past 5 years at a rate of 13.9% per year.

Accelerating Growth: Unable to compare HMST's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HMST is unprofitable, making it difficult to compare its past year earnings growth to the Banks industry (-13.2%).

Return on Equity

High ROE: HMST has a negative Return on Equity (-7.6%), as it is currently unprofitable.

HomeStreet Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Full year 2023 earnings: EPS and revenues miss analyst expectations

Full year 2023 earnings: EPS and revenues miss analyst expectations

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

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

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

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

Revenue & Expenses Breakdown
Beta