HomeStreet, Inc. (HMST) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58585873543331
Cash and cash equivalents58585873543331
Disposal group, including discontinued operation      621
Total current assets:585858735433652
Noncurrent Assets
Finance lease, right-of-use asset18
Operating lease, right-of-use asset4687
Property, plant and equipment657795105786445
Intangible assets, net (including goodwill), including:33282323221212
Goodwill 282323221212
Other undisclosed intangible assets, net (including goodwill)33      
Total noncurrent assets:1452001171271007557
Other undisclosed assets7,0346,5546,8676,5426,0904,7872,826
TOTAL ASSETS:7,2376,8127,0426,7426,2444,8943,535
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt323341927964821962532
Total current liabilities:323341927964821962532
Noncurrent Liabilities
Other undisclosed liabilities6,1975,7925,3765,0744,7933,4672,701
Total liabilities:6,5196,1336,3036,0385,6144,4293,233
Stockholders' equity
Stockholders' equity attributable to parent718680740704629465302
Common stock279111111
Additional paid in capital 30034233933622297
Accumulated other comprehensive income (loss)354(15)(7)(10)(2)2
Retained earnings404375412372303245204
Total stockholders' equity:718680740704629465302
TOTAL LIABILITIES AND EQUITY:7,2376,8127,0426,7426,2444,8943,535

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues248274250253229180155
Net investment income241267248216191154104
Financial services revenue37382651
Cost of revenue(28)(5)(7)(1)(5)(7)(1)
Cost of goods and services sold (0)(0)0(0)(0)(0)
Provision for loan, lease, and other losses(22)1(3)
Amortization of mortgage servicing rights (msrs)(6)(5)(4)   (2)
Financial services costs(1)(4)(6)1
Gross profit:220269243253224173154
Operating expenses(53)(48)(59)(68)(67)(62)(47)
Other operating income, net
(Noninterest Income, Other Operating Income)
10    11
Operating income:178221184184157113107
Nonoperating income (expense)(48)(52)00083
Investment income, nonoperating(11)(17)   83
Gains on sales of other real estate 000001
Mortgage servicing rights (msr) impairment (recovery)(38)(36)     
Interest and debt expense(45)(88)(68)(43)(29)(17)(13)
Other undisclosed loss from continuing operations before equity method investments, income taxes(5)(40)     
Income from continuing operations before equity method investments, income taxes:804111614212710498
Income from equity method investments  01220
Other undisclosed income (loss) from continuing operations before income taxes228(70)(76)(39)(49)(64)
Income from continuing operations before income taxes:102494666915733
Income tax expense (benefit)(22)(8)(6)3(33)(16)(11)
Income from continuing operations:80414069584122
Loss from discontinued operations (23)     
Net income attributable to parent:80184069584122
Preferred stock dividends and other adjustments (1)     
Undistributed earnings (loss) allocated to participating securities, basic (0)  
Net income available to common stockholders, diluted:80174069584122

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:80184069584122
Other comprehensive income31      
Comprehensive income:111184069584122
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 22(8)3(8)(4)14
Comprehensive income, net of tax, attributable to parent:111393272503736

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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