HomeStreet Inc. (HMST) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
601 UNION STREET SEATTLE, WA 98101 |
| State of Incorp. | WA |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 218,731 | 320,327 | 215,664 | 226,704 | 173,101 | 377,031 | |||
| Cash and cash equivalents | 218,731 | 320,327 | 215,664 | 226,704 | 173,101 | 377,031 | |||
| Financing receivable, accrued interest, after allowance for credit loss | ✕ | ✕ | 29,200 | 27,700 | 27,000 | 27,600 | |||
| Total current assets: | 218,731 | 349,527 | 215,664 | 254,404 | 200,101 | 404,631 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 318 | ||||||||
| Operating lease, right-of-use asset | 27,594 | ||||||||
| Property, plant and equipment | 50,353 | 56,171 | 53,582 | 54,114 | 54,661 | 55,333 | |||
| Intangible assets, net (including goodwill), including: | 8,391 | 9,016 | 9,641 | 10,429 | 11,217 | 51,862 | |||
| Intangible assets, net (excluding goodwill) | 8,391 | 9,016 | |||||||
| Other undisclosed intangible assets, net (including goodwill) | 9,641 | 10,429 | 11,217 | 51,862 | |||||
| Total noncurrent assets: | 58,744 | 65,187 | 91,135 | 64,543 | 65,878 | 107,195 | |||
| Other undisclosed assets | 8,988,564 | 9,040,468 | 9,085,651 | 9,139,804 | 9,235,496 | 9,347,063 | |||
| TOTAL ASSETS: | 9,266,039 | 9,455,182 | 9,392,450 | 9,458,751 | 9,501,475 | 9,858,889 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 1,886,000 | 2,094,000 | 1,745,000 | 1,873,000 | 1,972,000 | 1,878,000 | |||
| Total current liabilities: | 1,886,000 | 2,094,000 | 1,745,000 | 1,873,000 | 1,972,000 | 1,878,000 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 6,859,922 | 6,833,849 | 7,109,063 | 7,083,264 | 7,001,852 | 7,405,895 | |||
| Total liabilities: | 8,745,922 | 8,927,849 | 8,854,063 | 8,956,264 | 8,973,852 | 9,283,895 | |||
| Equity | |||||||||
| Equity, attributable to parent | 520,117 | 527,333 | 538,387 | 502,487 | 527,623 | 574,994 | |||
| Common stock | 231,721 | 230,814 | 229,889 | 228,972 | 228,260 | 227,293 | |||
| Accumulated other comprehensive loss | (93,226) | (91,341) | (86,859) | (127,018) | (100,769) | (85,758) | |||
| Retained earnings | 381,622 | 387,860 | 395,357 | 400,533 | 400,132 | 433,459 | |||
| Total equity: | 520,117 | 527,333 | 538,387 | 502,487 | 527,623 | 574,994 | |||
| TOTAL LIABILITIES AND EQUITY: | 9,266,039 | 9,455,182 | 9,392,450 | 9,458,751 | 9,501,475 | 9,858,889 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Net Investment Income) | 90,963 | 91,827 | 89,608 | 88,397 | 87,835 | 84,288 | ||
| Cost of revenue | (1,402) | (593) | ||||||
| Provision for loan, lease, and other losses | (593) | |||||||
| Amortization of mortgage servicing rights (msrs) | (1,402) | |||||||
| Gross profit: | 90,963 | 90,425 | 89,608 | 88,397 | 87,835 | 83,695 | ||
| Operating expenses | (10,605) | (11,377) | (9,377) | (9,202) | (49,732) | (10,355) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 4,572 | 1,875 | 3,259 | 2,545 | 1,892 | 2,083 | ||
| Operating income: | 84,930 | 80,923 | 83,490 | 81,740 | 39,995 | 75,423 | ||
| Interest and debt expense | (70,390) | (66,290) | (61,794) | (57,231) | (47,675) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 84,930 | 10,533 | 17,200 | 19,946 | (17,236) | 27,748 | ||
| Other undisclosed loss from continuing operations before income taxes | (92,933) | (21,092) | (21,211) | (18,549) | (19,389) | (21,266) | ||
| Income (loss) from continuing operations before income taxes: | (8,003) | (10,559) | (4,011) | 1,397 | (36,625) | 6,482 | ||
| Income tax expense (benefit) | 1,765 | 3,062 | 592 | 898 | 5,183 | (1,424) | ||
| Net income (loss) available to common stockholders, diluted: | (6,238) | (7,497) | (3,419) | 2,295 | (31,442) | 5,058 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (6,238) | (7,497) | (3,419) | 2,295 | (31,442) | 5,058 | ||
| Other undisclosed comprehensive income | 12,671 | |||||||
| Comprehensive income (loss): | (6,238) | (7,497) | 9,252 | 2,295 | (31,442) | 5,058 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (1,885) | (4,482) | 27,488 | (26,249) | (15,011) | 13,772 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (8,123) | (11,979) | 36,740 | (23,954) | (46,453) | 18,830 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.