Breakdown | ||||
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
402.57M | 178.77M | 254.90M | 319.12M | 328.02M | Gross Profit |
402.57M | 178.77M | 254.90M | 319.12M | 328.02M | EBIT |
365.37M | -41.36M | 155.64M | 146.69M | 101.89M | EBITDA |
0.00 | 0.00 | 103.02M | 165.35M | 118.36M | Net Income Common Stockholders |
-144.34M | -27.51M | 66.54M | 115.42M | 79.99M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
1.46B | 209.26M | 72.83M | 65.21M | 58.05M | Total Assets |
8.12B | 9.39B | 9.36B | 7.20B | 7.24B | Total Debt |
225.13M | 1.97B | 2.26B | 167.03M | 448.64M | Net Debt |
-181.47M | 1.75B | 2.18B | 101.81M | 390.59M | Total Liabilities |
7.73B | 8.85B | 8.80B | 6.49B | 6.52B | Stockholders Equity |
397.00M | 538.39M | 562.15M | 715.34M | 717.75M |
Cash Flow | Free Cash Flow | |||
-46.41M | 4.21M | 211.54M | 170.09M | -28.84M | Operating Cash Flow |
-45.92M | 8.02M | 218.33M | 173.03M | -25.55M | Investing Cash Flow |
206.00K | 484.05M | -2.65B | -125.64M | -232.62M | Financing Cash Flow |
-1.10B | -349.24M | 2.44B | -40.23M | 258.34M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
72 Outperform | $201.16M | 7.97 | 13.99% | 2.06% | 0.40% | -10.62% | |
64 Neutral | $12.65B | 9.74 | 8.04% | 17044.64% | 12.65% | -5.11% | |
63 Neutral | $214.01M | 9.43 | 10.65% | 2.85% | 6.05% | -9.27% | |
61 Neutral | $184.47M | 8.82 | 5.58% | 1.13% | 22.97% | 27.73% | |
59 Neutral | $249.39M | 14.04 | 7.26% | 1.47% | 25.96% | 485.31% | |
52 Neutral | $214.94M | ― | -30.45% | 0.98% | -22.63% | -251.47% | |
50 Neutral | $215.58M | ― | -2.01% | 4.85% | 5.36% | -2.23% |
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.
On March 28, 2025, HomeStreet, Inc. and Mechanics Bank entered into a merger agreement for an all-stock business combination, with HomeStreet Bank merging into Mechanics Bank, which will become a wholly-owned subsidiary of HomeStreet. The merger, unanimously approved by both boards, will result in HomeStreet being renamed Mechanics Bancorp and remaining publicly traded. The merger agreement outlines the exchange ratios for both voting and non-voting common stock and includes provisions for governance, equity awards, and termination rights. The merger is subject to shareholder and regulatory approvals, with a termination fee of $10 million payable by HomeStreet under certain conditions. Additionally, a consulting agreement with HomeStreet’s CEO, Mark Mason, will take effect post-merger, and certain executives are expected to terminate their employment following the merger.
On March 31, 2025, HomeStreet, Inc. and Mechanics Bank announced a merger agreement, dated March 28, 2025, where HomeStreet Bank will merge into Mechanics Bank, making it a wholly-owned subsidiary of HomeStreet. The transaction is anticipated to close in the third quarter of 2025, pending regulatory and shareholder approvals. This merger is expected to strengthen HomeStreet’s market position on the West Coast, although it carries risks such as potential legal proceedings, integration challenges, and market condition impacts that could affect the anticipated benefits.