Financial Data and Key Metrics Changes - In Q2 2020, net income was $18.9 million, or $0.81 per share, compared to $7.1 million, or $0.30 per share, in Q1 2020, representing a significant increase [9] - Core income for Q2 2020 was $20.2 million, or $0.86 per share, up from $8.1 million, or $0.34 per share, in Q1 2020 [9] - Pre-provision core income before income taxes was $32 million in Q2 2020, compared to $24.1 million in Q1 2020 [9] - Net interest margin increased to 3.12% in Q2 2020, attributed to decreased funding costs [10] Business Line Data and Key Metrics Changes - Non-interest income increased by $7.5 million in Q2 2020 due to higher gains on loan sales, partially offset by a $3.7 million decrease in loan servicing income [15] - Non-interest expense rose by $2.5 million in Q2 2020, primarily due to non-core charges and additional compensation costs related to loan origination [16] Market Data and Key Metrics Changes - The commercial business loan portfolio showed resilience, with 88% of loans granted forbearance resuming regular payments [22] - Forbearance on commercial business loans declined by 91% to $4.5 million, and for owner-occupied CRE loans by 77% to $21.3 million as of June 30 [23] Company Strategy and Development Direction - The company aims to support communities and customers while maintaining employee safety during the pandemic [29] - A focus on cost efficiency and strong mortgage banking profitability contributed to solid financial performance [18] - The company plans to resume its share repurchase program, having repurchased 396,795 shares at an average price of $24.17 [32] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the loan portfolio's performance amid the pandemic, noting that many borrowers have reopened businesses [20] - The company anticipates average loans held for investment to increase moderately, offset by high levels of prepayments and forgiveness of PPP loans [35] - Management expects net interest margin to continue increasing, with further declines in deposit costs anticipated [37] Other Important Information - The company has a strong capital base, with consolidated Tier 1 risk-based capital ratios of 9.3% and 13.48% [30] - An additional $25 million stock repurchase program was approved by the Board, reflecting strong second-quarter results [33] - The company recorded a slight increase in non-accrual loans due to downgrading of a few commercial business loans acquired prior to the pandemic [25] Q&A Session Summary Question: Margin expectations and PPP impact - Management confirmed that margin expectations include the impact of PPP income, which is expected to decline as forgiveness occurs [56][57] Question: Non-accrual loans and segments - Non-accrual loans were primarily related to dental practice loans, which have shown strong recovery with most practices operating at 70%-80% of normal revenue [61][63] Question: Reserve build methodology - Management explained that reserves are conservatively built based on current credit health and increased probabilities of default for loans in forbearance [64][66] Question: Loan pipeline and yields - The company noted that loan yields are low due to competitive rates, with commercial real estate loans averaging between 3.40% to 3.70% [82][87] Question: IT expenses and efficiency ratio - Significant reductions in IT expenses are expected in 2021 due to renegotiated contracts, contributing to improved efficiency ratios [88][90] Question: Real estate plans and office space - The company is reconsidering its real estate needs, with excess space in Seattle and potential changes in office requirements due to remote work trends [131][134]

Bank 2nd Quarter 2020 Nasdaq: HMST as of July 28, 2020 Important Disclosures Forward-Looking Statements This presentation includes forward-looking statements, as that term is defined for purposes of applicable securities laws, about 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 c ...

Financial Performance - Net interest income for Q1 2020 was $45,434,000, a slight decrease from $45,512,000 in Q4 2019[316] - Noninterest income rose significantly to $32,630,000 in Q1 2020, up from $21,931,000 in Q4 2019, representing a 48.9% increase[316] - Income from continuing operations decreased to $7,139,000 in Q1 2020, down from $13,105,000 in Q4 2019, a decline of 45.5%[316] - Net income for Q1 2020 was $7,139,000, compared to $10,988,000 in Q4 2019, a decrease of 34.5%[316] - Total net revenue for Q1 2020 was $78.1 million, a 40% increase from $55.6 million in Q1 2019[340] - Net income for Q1 2020 was $7.1 million, compared to a net loss of $1.7 million in Q1 2019, representing a 516% improvement[341] - Basic income per common share from continuing operations was $0.30 in Q1 2020, down from $0.54 in Q4 2019, a decline of 44.4%[316] - The comprehensive income for the first quarter of 2020 was $20,547,000, compared to $8,449,000 in the first quarter of 2019, indicating a year-over-year increase of 143%[13]. Credit Losses and Provisions - Provision for credit losses increased to $14,000,000 in Q1 2020, compared to a reversal of $(2,000,000) in Q4 2019[316] - The allowance for credit losses increased to $60,606 thousand, up from $42,837 thousand in the previous quarter, representing an increase of 41.5%[318] - Provision for credit losses increased to $14.0 million in Q1 2020 from $1.5 million in Q1 2019, an increase of 833%[340] - The provision for credit losses increased to $14.0 million for the three months ended March 31, 2020, compared to $1.5 million for the same period in 2019[411] - The allowance for credit losses was 1.14% of loans held for investment as of March 31, 2020, compared to 0.80% as of March 31, 2019[366] - The total allowance for credit losses, including reserves for unfunded commitments, was $60.606 million as of March 31, 2020, representing 100% of total loans[416] - Consumer loans accounted for 35% of the total allowance for credit losses, with single-family loans at $8.587 million and home equity loans at $12.891 million[416] - The company is actively working with COVID-19 affected borrowers to defer payments, which may impact future interest income and credit losses[330]. Assets and Liabilities - Total assets at the end of Q1 2020 were $6,806,718,000, slightly down from $6,812,435,000 at the end of Q4 2019[316] - Loans held for investment, net, were $5,034,930,000 in Q1 2020, a decrease from $5,072,784,000 in Q4 2019[316] - Total liabilities were $6,129,404,000 as of March 31, 2020, compared to $6,132,712,000 at the end of 2019[9] - Total deposits decreased to $5.26 billion at March 31, 2020, a decline of $82.9 million, or 1.6% from December 31, 2019[395] - Cash and cash equivalents increased to $72.4 million at March 31, 2020, up $14.6 million, or 25.2% from December 31, 2019[385] - Investment securities rose to $1.06 billion at March 31, 2020, an increase of $115.3 million, or 12.2% from December 31, 2019[386] Operational Efficiency - Noninterest expense increased to $55,184,000 in Q1 2020, compared to $53,215,000 in Q4 2019, reflecting a 3.7% rise[316] - The efficiency ratio improved to 70.69%, down from 83.87% in the previous quarter, indicating better cost management[318] - The company suspended its share repurchase program on March 20, 2020, to preserve capital amid the COVID-19 pandemic[337] - The company authorized share repurchase programs of up to $35 million in Q1 2020, but these were suspended in March 2020 due to the COVID-19 pandemic[25]. Regulatory and Capital Ratios - The Tier 1 leverage capital ratio for HomeStreet, Inc. was 10.15% as of March 31, 2020, remaining above regulatory minimums[344] - HomeStreet Bank's Tier 1 leverage capital ratio was 10.06%, significantly above the minimum requirement of 4.0%[457] - The common equity Tier 1 capital ratio was 12.75% as of March 31, 2020, well above the minimum requirement of 4.5%[457] - The total risk-based capital ratio for HomeStreet, Inc. was 13.50% as of March 31, 2020, exceeding the minimum requirement of 8.0%[457] COVID-19 Impact - As of May 5, 2020, the company granted forbearance on 393 loans with an outstanding balance of $223.0 million due to COVID-19[335] - The company closed or approved 1,479 Paycheck Protection Program loans totaling $304.7 million, which are fully guaranteed by the U.S. government[336] - The company is evaluating its policy for interest income recognition for loans receiving forbearance due to COVID-19 hardships[424] - The company expects that the volume of TDRs will not increase significantly in the near term due to temporary relief under the CARES Act[422].

HomeStreet, Inc. (NASDAQ:HMST) Q1 2020 Earnings Conference Call April 28, 2020 1:00 PM ET Company Participants Mark Mason - Chairman, President and CEO Mark Ruh - CFO Conference Call Participants Jeff Rulis - D.A. Davidson Steve Moss - B. Riley FBR Matthew Clark - Piper Sandler Jackie Bohlen - KBW Operator Good day and welcome to the HomeStreet, Inc. First Quarter 2020 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded. I ...

HomeStreet Bank 4036 IomeStree 1st Quarter 2020 Nasdaq: HMST as of April 27, 2020 Important Disclosures Forward-Looking Statements This presentation includes forward-looking statements, as that term is defined for purposes of applicable securities laws, about 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________________ FORM 10-K ____________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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. (Exact name of registr ...

Financial Data and Key Metrics Changes - Consolidated net income for Q4 2019 was $11 million or $0.45 per diluted share, down from $13.8 million or $0.55 per diluted share in Q3 2019 [24] - Net income from continuing operations for Q4 2019 was $13.1 million or $0.54 per diluted share, compared to $13.7 million or $0.54 per diluted share in Q3 2019 [25] - Core net income from continuing operations for Q4 2019 was $14.9 million or $0.61 per diluted share, up from $14.3 million or $0.57 per diluted share in Q3 2019 [25] - Net interest income decreased by $1.6 million to $45.5 million in Q4 2019 from $47.1 million in Q3 2019 [27] - Non-interest income decreased by $2.6 million from $24.6 million in Q3 2019 to $21.9 million in Q4 2019 [35] Business Line Data and Key Metrics Changes - The company originated $675 million of commercial real estate loans in Q4 2019, a quarterly record [13] - Loans held for investment decreased by $66.7 million to $5.1 billion at the end of Q4 2019, primarily due to $450 million of prepayments and $295 million of transfers to held-for-sale [28] - Core deposits increased by $38.1 million or 2.4% and consumer core deposits increased by $71.8 million or 3.9% during the quarter [13][30] Market Data and Key Metrics Changes - Deposit balances were $5.4 billion at December 31, 2019, an 8% decrease from September 30, 2019 [29] - Non-performing assets totaled $40.3 million, remaining at 21 basis points of total assets at December 31, 2019 [32] Company Strategy and Development Direction - The company executed a significant reduction in its mortgage banking business, including the exit of standalone home loan centers and the sale of related mortgage servicing rights [9][10] - The Board initiated a quarterly common dividend of $0.15 per share for Q1 2020, reflecting confidence in the company's future performance [19][21] - The company aims to improve efficiency and profitability through organizational and operational changes, targeting an efficiency ratio in the low-70% range and a return on average tangible equity of approximately 11% by Q3 2020 [48][49] Management's Comments on Operating Environment and Future Outlook - Management noted that the lower interest rate environment and flat yield curve have adversely impacted loan balances and net interest margin [14] - The company expects to achieve substantial progress toward reducing expenses and increasing profitability by Q3 2020, despite delays in some cost-saving initiatives [47][49] - The company anticipates stabilization of the single-family mortgage portfolio later in 2020, with a focus on commercial real estate and general commercial lending [76][95] Other Important Information - The company adopted the CECL accounting standard on January 1, 2020, resulting in a $3.7 million increase in the allowance for credit losses [34] - The company plans to repurchase up to an additional $25 million of common stock, reflecting confidence in future performance [22][92] Q&A Session Summary Question: Discussion on Board's strategic changes - Management highlighted the ongoing Board refreshment to enhance diversity and expertise, with recent appointments aimed at addressing business goals [60][61] Question: Core expenses and guidance for 2020 - Management indicated a downward trend in core non-interest expenses, with expectations for continued reductions in salaries and related costs [62][64] Question: Loan growth and pipeline outlook - Management confirmed a strong commercial loan pipeline and anticipated continued growth in commercial real estate lending [78][81] Question: Buyback activity and future repurchases - Management is analyzing future repurchase activity, with plans for continued repurchases depending on capital planning discussions with the FDIC [90][92] Question: Tax rate expectations for 2020 - Management advised an effective tax rate range of 19.5% to 20.5% for 2020 [118]

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: September 30, 2019 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. ...

HomeStreet, Inc. (NASDAQ:HMST) Q3 2019 Earnings Conference Call October 22, 2019 1:00 PM ET Company Participants Mark Mason - Chairman, President and Chief Executive Officer Mark Ruh - Executive Vice President and Chief Financial Officer Conference Call Participants Jeff Rulis - D. A. Davidson & Co. Steve Moss - B. Riley FBR, Inc. Timothy O’Brien - Sandler O’Neill + Partners, L.P. Jacquelynne Bohlen - Keefe, Bruyette & Woods, Inc. Tim Coffey - Janney Montgomery Scott LLC Operator Good day, and welcome to th ...

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, 2019 Commission file number: 001-35424 ________________________________ HOMESTREET, INC. (Exact name of registrant as specified in its charter) ________________________________ (State or other jurisdiction of incorporation) (IRS Emplo ...