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HomeStreet ( (HMST) ) has shared an update.
HomeStreet, Inc. has announced a first-quarter 2025 net loss of $4.5 million, or $0.24 per share, with a core net loss of $2.9 million. Despite this, HomeStreet Bank reported a net income of $1.1 million, and the company saw an increase in total deposits by $131 million from December 31, 2024, to March 31, 2025. The company has also announced a merger agreement with Mechanics Bank, expected to close in the third quarter of 2025, which could potentially impact its market positioning and stakeholder interests.
Spark’s Take on HMST Stock
According to Spark, TipRanks’ AI Analyst, HMST is a Neutral.
HomeStreet faces significant financial challenges, evidenced by recent losses and high leverage. Technical indicators show some positive momentum, but valuation remains a concern with a negative P/E ratio. While strategic steps to improve liquidity and reduce costs are underway, the path to profitability remains uncertain.
To see Spark’s full report on HMST stock, click here.
More about HomeStreet
HomeStreet, Inc. is a Seattle-based diversified commercial and consumer bank founded in 1921, serving customers throughout the western United States. The company focuses on markets such as Seattle/Puget Sound, Southern California, Portland, Hawaiian Islands, Idaho, and Utah, with a total asset base of $7.8 billion.
YTD Price Performance: 0.36%
Average Trading Volume: 179,049
Technical Sentiment Signal: Buy
Current Market Cap: $211.3M
See more data about HMST stock on TipRanks’ Stock Analysis page.