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HomeStreet Reports Q4 Loss, Sells Multifamily Loans

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HomeStreet Reports Q4 Loss, Sells Multifamily Loans

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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