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HomeStreet ( (HMST) ) has shared an announcement.
On January 27, 2025, HomeStreet, Inc. reported a net loss of $123.3 million for the fourth quarter of 2024, alongside strategic efforts to improve profitability through the sale of $990 million in multifamily loans. This action, along with expected decreases in interest rates, is anticipated to enhance liquidity and accelerate the company’s return to profitability in 2025.
More about HomeStreet
HomeStreet, Inc. is a diversified commercial and consumer bank based in Seattle, founded in 1921, serving customers throughout the western United States. The company operates with a focus on markets such as Seattle/Puget Sound, Southern California, Portland, Hawaiian Islands, Idaho, and Utah, with total assets amounting to $8.1 billion.
YTD Price Performance: -8.63%
Average Trading Volume: 203,213
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $191.8M
Find detailed analytics on HMST stock on TipRanks’ Stock Analysis page.
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