HomeStreet, Inc. (HMST) financial statements (2022 and earlier)

Company profile

Business Address 601 UNION STREET
SEATTLE, WA 98101
State of Incorp. WA
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments65585858735433
Cash and cash equivalents65585858735433
Total current assets:65585858735433
Noncurrent Assets
Finance lease, right-of-use asset118
Operating lease, right-of-use asset384687
Property, plant and equipment586577951057864
Intangible assets, net (including goodwill), including:32332823232212
Goodwill  2823232212
Other undisclosed intangible assets, net (including goodwill)3233     
Total noncurrent assets:12914520011712710075
Other undisclosed assets7,0107,0346,5546,8676,5426,0904,787
TOTAL ASSETS:7,2047,2376,8127,0426,7426,2444,894
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt41323341927964821962
Total current liabilities:41323341927964821962
Noncurrent Liabilities
Other undisclosed liabilities6,4486,1975,7925,3765,0744,7933,467
Total liabilities:6,4896,5196,1336,3036,0385,6144,429
Stockholders' equity
Stockholders' equity attributable to parent715718680740704629465
Common stock25027911111
Additional paid in capital  300342339336222
Accumulated other comprehensive income (loss)21354(15)(7)(10)(2)
Retained earnings444404375412372303245
Total stockholders' equity:715718680740704629465
TOTAL LIABILITIES AND EQUITY:7,2047,2376,8127,0426,7426,2444,894

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues236248274250253229180
Net investment income233241267248216191154
Financial services revenue373826
Cost of revenue (28)(5)(7)(1)(5)(7)
Cost of goods and services sold  (0)(0)0(0)(0)
Provision for loan, lease, and other losses (22)1(3)
Amortization of mortgage servicing rights (msrs) (6)(5)(4)   
Financial services costs(1)(4)(6)
Gross profit:236220269243253224173
Operating expenses(38)(53)(48)(59)(68)(67)(62)
Other operating income, net
(Noninterest Income, Other Operating Income)
1210    1
Operating income:211178221184184157113
Nonoperating income (expense)(12)(48)(52)0008
Investment income, nonoperating (11)(17)   8
Gains on sales of other real estate  00000
Mortgage servicing rights (msr) impairment (recovery)(12)(38)(36)    
Interest and debt expense(17)(45)(88)(68)(43)(29)(17)
Other undisclosed loss from continuing operations before equity method investments, income taxes(66)(5)(40)    
Income from continuing operations before equity method investments, income taxes:1158041116142127104
Income from equity method investments   0122
Other undisclosed income (loss) from continuing operations before income taxes31228(70)(76)(39)(49)
Income from continuing operations before income taxes:1471024946669157
Income tax expense (benefit)(31)(22)(8)(6)3(33)(16)
Income from continuing operations:115804140695841
Loss from discontinued operations  (23)    
Net income attributable to parent:115801840695841
Preferred stock dividends and other adjustments  (1)    
Undistributed earnings (loss) allocated to participating securities, basic  (0)  
Net income available to common stockholders, diluted:115801740695841

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:115801840695841
Other comprehensive income (loss)(14)31     
Comprehensive income:1011111840695841
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  22(8)3(8)(4)
Comprehensive income, net of tax, attributable to parent:1011113932725037

Statements sources

The financial statements are based on the company's filings with the 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.

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