HomeStreet(HMST) - 2025 Q1 - Earnings Call Presentation

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]