Financial Data and Key Metrics Changes - HomeStreet's shareholders voted on five proposals related to a merger with Mechanics Bank, including a name change and an increase in authorized shares [9][10][12] - The number of authorized shares of HomeStreet common stock is proposed to increase from 160 million to 1.9 billion [9][12] Business Line Data and Key Metrics Changes - The proposals include the issuance of two classes of HomeStreet common stock, with 1.8975 billion shares designated as Class A common stock and 2.5 million shares as Class B common stock [9][12] Market Data and Key Metrics Changes - The merger will represent more than 20% of the existing HomeStreet common stock outstanding immediately prior to the merger [10][12] Company Strategy and Development Direction - The company is undergoing a significant merger with Mechanics Bank, which involves a strategic name change and restructuring of its share classes [9][10] - The adoption of the HomeStreet 2025 equity incentive plan is part of the strategic initiatives related to the merger [10][13] Management's Comments on Operating Environment and Future Outlook - Management expressed gratitude for shareholder support and emphasized the importance of the merger for future growth [14][15] Other Important Information - The final voting results will be reported in a Form 8-K to be filed with the Securities and Exchange Commission [14] Q&A Session All Questions and Answers Question: What is the difference between A and B shares? - Class A shares are common shares with full voting rights, while Class B shares are common shares without voting rights [16][17]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-Q ________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2025 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission file number: 001-35424 ________________________________ HOMESTREET, INC. (Exa ...

Core Insights - HomeStreet (HMST) reported revenue of $48.97 million for the quarter ended June 2025, reflecting a year-over-year increase of 14.1% and a surprise of +0.87% over the Zacks Consensus Estimate of $48.55 million [1] - The company's EPS was -$0.16, an improvement from -$0.23 in the same quarter last year, but fell short of the consensus estimate of $0.05, resulting in an EPS surprise of -420% [1] Financial Performance Metrics - Net Interest Margin stood at 1.9%, matching the average estimate from two analysts [4] - Efficiency Ratio was reported at 93.2%, better than the average estimate of 96.5% from two analysts [4] - Net Interest Income was $33.87 million, below the average estimate of $35.59 million from two analysts [4] - Net gain on loan origination and sale activities was $3.24 million, compared to the average estimate of $3.54 million from two analysts [4] - Total noninterest income reached $15.1 million, exceeding the average estimate of $12.75 million from two analysts [4] Stock Performance - HomeStreet's shares have returned +5% over the past month, slightly outperforming the Zacks S&P 500 composite's +4.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Company Performance - HomeStreet reported a quarterly loss of $0.16 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.05, representing an earnings surprise of -420.00% [1] - The company posted revenues of $48.97 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.87%, and showing an increase from $42.93 million year-over-year [2] - Over the last four quarters, HomeStreet has not been able to surpass consensus EPS estimates, although it has topped consensus revenue estimates twice [2] Stock Outlook - HomeStreet shares have increased by approximately 16% since the beginning of the year, outperforming the S&P 500's gain of 8.6% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the coming quarter is $0.12 on $50 million in revenues, and $0.16 on $194.65 million in revenues for the current fiscal year [7] Industry Context - The Financial - Savings and Loan industry, to which HomeStreet belongs, is currently in the bottom 30% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact HomeStreet's stock performance [5][6]

HomeStreet Reports Second Quarter 2025 Results SEATTLE –July 28, 2025 – (BUSINESS WIRE) – HomeStreet, Inc. (Nasdaq: HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank (the "Bank"), today announced the financial results for the quarter ended June 30, 2025. As we present non-GAAP measures in this release, the reader should refer to the non-GAAP reconciliations set forth below under the section "Non-GAAP Financial Measures." "While we con ...

2nd Quarter 2025 Nasdaq: HMST July 28, 2025 Important Disclosures Forward-Looking Statements This presentation includes forward-looking statements, as that term is defined for purposes of applicable securities laws, our industry, our future financial performance, business plans and expectations. These statements are, in essence, attempts to anticipate or forecast future events, and thus subject to many risks and uncertainties. These forward-looking statements are based on our management's current expectatio ...

Financial Performance - HomeStreet reported a net loss of $4.5 million, or $0.24 per share, for the first quarter of 2025[11] - Core net loss was $2.9 million, or $0.15 per share[11] - Net interest margin stood at 1.82%[11] - Nonperforming assets to total assets ratio was 0.75% as of March 31, 2025[11] - The company's efficiency ratio was 102.9%[65] Balance Sheet Highlights - Total assets amounted to $7.8 billion[16] - Total deposits increased by $131 million from December 31, 2024, to March 31, 2025[11] - Uninsured deposits represented 9% of total deposits, totaling $542 million as of March 31, 2025[11, 22] - On-balance sheet liquidity was 19% as of March 31, 2025[22] - Available contingent liquidity borrowing sources totaled $5.5 billion, equivalent to 91% of total deposits outstanding as of March 31, 2025[22] Strategic Developments - A Merger Agreement with Mechanics Bank was announced, with an estimated closing in the third quarter of 2025[9]

Financial Data and Key Metrics Changes - The company reported a net loss of $144 million for February 2024, with a core net loss of $21 million when excluding certain factors [15] - In the first quarter of 2025, the core net loss was 44% less than the February core net loss, indicating improvement [15] - The net interest margin improved from 1.38% in February to 1.82% in February [15] Business Line Data and Key Metrics Changes - HomeStreet Bank achieved $1.1 million in net income in February, marking a return to profitability [16] - The company sold $990 million of multifamily loans in February, which helped reposition the balance sheet and improve liquidity [13][14] Market Data and Key Metrics Changes - The merger with Mechanics Bank is expected to enhance the company's branch footprint and deposit market share in key markets in the West [17] - The combined entity will have a diversified loan portfolio and a growing wealth management and trust business [17] Company Strategy and Development Direction - Following the termination of a previous merger, the company implemented a new strategic plan focused on improving liquidity and reducing costs [13] - The merger with Mechanics Bank is seen as a validation of the company's customer base and management strength, aiming to create new opportunities for employees [17][18] Management's Comments on Operating Environment and Future Outlook - Management anticipates core earnings growth in 2025 due to expected reductions in higher-cost borrowings and effective noninterest expense management [16] - The company does not expect to recognize any income tax expense on earnings for the next few years due to a deferred tax asset valuation allowance [16] Other Important Information - The company is in the process of completing the S-4 filing and proxy for the merger, with a special shareholders meeting expected in July [18] Q&A Session Summary Question: No active questions were raised during the meeting - The meeting concluded without any questions from shareholders [19]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ FORM 10-Q ________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2025 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission file number: 001-35424 ________________________________ HOMESTREET, INC. (Ex ...

Financial Performance - HomeStreet (HMST) reported revenue of $45.36 million for the quarter ended March 2025, marking a year-over-year increase of 9% [1] - The EPS for the same period was -$0.15, an improvement from -$0.29 a year ago [1] - The reported revenue exceeded the Zacks Consensus Estimate of $44.39 million, resulting in a surprise of +2.19% [1] - The company experienced an EPS surprise of -114.29%, with the consensus EPS estimate being -$0.07 [1] Key Metrics - Net Interest Margin was reported at 1.8%, slightly below the estimated 1.9% [4] - Efficiency Ratio was 102.9%, higher than the estimated 101.2% [4] - Net Interest Income was $33.22 million, compared to the average estimate of $35.94 million [4] - Net gain on loan origination and sale activities was $3.22 million, exceeding the estimated $2.09 million [4] - Total noninterest income reached $12.14 million, significantly above the average estimate of $9.36 million [4] Stock Performance - HomeStreet shares have returned +20.1% over the past month, contrasting with the Zacks S&P 500 composite's -4.3% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]