HomeStreet(US:HMST)2023-10-31 17:14Financial Performance - Net income for the quarter was $2.3 million, or $0.12 per share[5] - Core net income was $10.5 million, or $0.56 per share[5] - Net interest margin was 1.74%[5] - The company declared and paid a quarterly cash dividend of $0.10 per share[5] Balance Sheet - Total deposits decreased by $137 million to $5.8 billion, excluding broker deposits[5] - Book value per share was $26.74, and tangible book value per share was $26.18 on September 30, 2023[5] - Uninsured deposits were $535 million as of September 30, 2023, representing 8% of total deposits[17,39] Loan Portfolio - The company's total assets are $9.5 billion[34] - Loans held for investment remained stable[17] - The loan portfolio composition includes $7.4 billion in loans[57] - Nonperforming assets to total assets was 0.42% on September 30, 2023[17] Strategy and Outlook - The company is focused on variable rate loan production[36] - The company aims to replace borrowings and certificates of deposit with transaction accounts through organic growth and acquisitions[10]