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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments58587354333134
Cash and cash equivalents58587354333134
Disposal group, including discontinued operation     621 
Total current assets:585873543365234
Noncurrent Assets
Finance lease, right-of-use asset8
Operating lease, right-of-use asset87
Property, plant and equipment779510578644537
Intangible assets, net (including goodwill)28232322121212
Goodwill28232322121212
Total noncurrent assets:200117127100755749
Other undisclosed assets6,5546,8676,5426,0904,7872,8262,983
TOTAL ASSETS:6,8127,0426,7426,2444,8943,5353,066
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt341927964821962532 
Total current liabilities:341927964821962532 
Noncurrent Liabilities
Other undisclosed liabilities5,7925,3765,0744,7933,4672,7012,800
Total liabilities:6,1336,3036,0385,6144,4293,2332,800
Stockholders' equity
Stockholders' equity attributable to parent680740704629465302266
Common stock1111111
Additional paid in capital3003423393362229794
Accumulated other comprehensive income (loss)4(15)(7)(10)(2)2(12)
Retained earnings375412372303245204183
Total stockholders' equity:680740704629465302266
TOTAL LIABILITIES AND EQUITY:6,8127,0426,7426,2444,8943,5353,066

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues274250253229180155 
Net investment income267248216191154104 
Financial services revenue37382651 
Cost of revenue(5)(7)(1)(5)(7)(1) 
Cost of goods and services sold(0)(0)0(0)(0)(0) 
Provision for loan, lease, and other losses1(3)
Amortization of mortgage servicing rights (msrs)(5)(4)   (2) 
Financial services costs(1)(4)(6)1 
Gross profit:269243253224173154 
Operating expenses(48)(59)(68)(67)(62)(47)(48)
Other operating income, net
(Noninterest Income, Other Operating Income)
    112
Operating income (loss):221184184157113107(43)
Nonoperating income (expense)(52)000831
Investment income, nonoperating(17)   83 
Gains on sales of other real estate0000011
Mortgage servicing rights (msr) impairment (recovery)(36)      
Interest and debt expense(88)(68)(43)(29)(17)(13)(15)
Other undisclosed loss from continuing operations before equity method investments, income taxes(40)      
Income (loss) from continuing operations before equity method investments, income taxes:4111614212710498(57)
Income from equity method investments 012201
Other undisclosed income (loss) from continuing operations before income taxes8(70)(76)(39)(49)(64)91
Income from continuing operations before income taxes:49466691573335
Income tax expense (benefit)(8)(6)3(33)(16)(11)(11)
Income from continuing operations:41406958412224
Loss from discontinued operations(23)      
Net income attributable to parent:18406958412224
Preferred stock dividends and other adjustments(1)      
Undistributed earnings (loss) allocated to participating securities, basic(0)  
Net income available to common stockholders, diluted:17406958412224

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:18406958412224
Comprehensive income:18406958412224
Other undisclosed comprehensive income (loss), net of tax, attributable to parent22(8)3(8)(4)14(21)
Comprehensive income, net of tax, attributable to parent:3932725037363

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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