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NASDAQ:HMST
HomeStreet Stock Earnings Reports
$8.95
+0.240 (+2.76%)
At Close: Mar 14, 2025
HomeStreet Earnings Calls
Q4 2024
Missed
-$0.270 (-22.73%)
| Release date | Jan 27, 2025 |
| EPS estimate | -$0.220 |
| EPS actual | -$0.270 |
| EPS Surprise | -22.73% |
| Revenue estimate | 41.31M |
| Revenue actual | 99.072M |
| Revenue Surprise | 139.83% |
Q3 2024
Missed
-$0.320 (-60.00%)
| Release date | Oct 29, 2024 |
| EPS estimate | -$0.200 |
| EPS actual | -$0.320 |
| EPS Surprise | -60.00% |
| Revenue estimate | 42.56M |
| Revenue actual | 31.935M |
| Revenue Surprise | -24.96% |
Q2 2024
Beat
-$0.230 (4.17%)
| Release date | Jul 29, 2024 |
| EPS estimate | -$0.240 |
| EPS actual | -$0.230 |
| EPS Surprise | 4.17% |
| Revenue estimate | 42.81M |
| Revenue actual | 114.349M |
| Revenue Surprise | 167.11% |
Q1 2024
Missed
-$0.290 (-383.33%)
| Release date | Apr 30, 2024 |
| EPS estimate | -$0.0600 |
| EPS actual | -$0.290 |
| EPS Surprise | -383.33% |
| Revenue estimate | 46.63M |
| Revenue actual | 102.541M |
| Revenue Surprise | 119.90% |
Last 4 Quarters for HomeStreet
Below you can see how HMST performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Missed
| Release date | Apr 30, 2024 |
| Fiscal end date | Mar 31, 2024 |
| Price on release | $12.25 |
| EPS estimate | -$0.0600 |
| EPS actual | -$0.290 |
| EPS surprise | -383.33% |
| Date | Price |
|---|---|
| Apr 24, 2024 | $12.27 |
| Apr 25, 2024 | $12.23 |
| Apr 26, 2024 | $12.05 |
| Apr 29, 2024 | $12.28 |
| Apr 30, 2024 | $12.25 |
| May 01, 2024 | $10.97 |
| May 02, 2024 | $10.82 |
| May 03, 2024 | $10.98 |
| May 06, 2024 | $10.69 |
| 4 days before | -0.163% |
| 4 days after | -12.73% |
| On release day | -10.45% |
| Change in period | -12.88% |
Q2 2024
Beat
| Release date | Jul 29, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $13.87 |
| EPS estimate | -$0.240 |
| EPS actual | -$0.230 |
| EPS surprise | 4.17% |
| Date | Price |
|---|---|
| Jul 23, 2024 | $13.79 |
| Jul 24, 2024 | $13.52 |
| Jul 25, 2024 | $13.33 |
| Jul 26, 2024 | $13.99 |
| Jul 29, 2024 | $13.87 |
| Jul 30, 2024 | $14.40 |
| Jul 31, 2024 | $14.40 |
| Aug 01, 2024 | $14.20 |
| Aug 02, 2024 | $14.11 |
| 4 days before | 0.580% |
| 4 days after | 1.73% |
| On release day | 3.82% |
| Change in period | 2.32% |
Q3 2024
Missed
| Release date | Oct 29, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $13.92 |
| EPS estimate | -$0.200 |
| EPS actual | -$0.320 |
| EPS surprise | -60.00% |
| Date | Price |
|---|---|
| Oct 23, 2024 | $14.49 |
| Oct 24, 2024 | $14.47 |
| Oct 25, 2024 | $14.08 |
| Oct 28, 2024 | $14.29 |
| Oct 29, 2024 | $13.92 |
| Oct 30, 2024 | $9.06 |
| Oct 31, 2024 | $9.06 |
| Nov 01, 2024 | $9.07 |
| Nov 04, 2024 | $9.09 |
| 4 days before | -3.93% |
| 4 days after | -34.70% |
| On release day | -34.91% |
| Change in period | -37.27% |
Q4 2024
Missed
| Release date | Jan 27, 2025 |
| Fiscal end date | Dec 31, 2024 |
| Price on release | $10.43 |
| EPS estimate | -$0.220 |
| EPS actual | -$0.270 |
| EPS surprise | -22.73% |
| Date | Price |
|---|---|
| Jan 21, 2025 | $11.00 |
| Jan 22, 2025 | $10.72 |
| Jan 23, 2025 | $10.41 |
| Jan 24, 2025 | $10.17 |
| Jan 27, 2025 | $10.43 |
| Jan 28, 2025 | $10.07 |
| Jan 29, 2025 | $9.66 |
| Jan 30, 2025 | $10.21 |
| Jan 31, 2025 | $10.07 |
| 4 days before | -5.18% |
| 4 days after | -3.45% |
| On release day | -3.45% |
| Change in period | -8.45% |
HomeStreet Earnings Call Transcript Summary of Q4 2024
Nonperforming assets rose to 71 basis points of total assets.
Minimal Credit Issues: The bank reported very few identified credit issues in its portfolio and no provisions for credit losses.
Tax and Capital Outlook
- A deferred tax asset valuation allowance was recorded due to cumulative losses, affecting the tax recorded for the quarter but not overall regulatory capital levels.
- The expectation is that the Tier 1 capital ratio will equal or exceed pro forma levels in future periods.
Future Guidance
- Strategic Plan: HomeStreet has initiated a new strategic plan focused on restoring profitability in the first half of 2025 by continuing to manage noninterest expenses and aggressive loan repricing strategies.
- Positive Outlook: Management forecasts stability in earnings and potential return to profitability, driven by an improving interest rate environment and ongoing adjustments to the loan portfolio.
Market Positioning
- Liquidity Position: The bank’s cash and securities balance was reported at $1.5 billion, representing 18% of total assets, which provides a cushion for future operations.
- Regulatory Decisions: The Board of Directors is actively reviewing strategic alternatives to enhance shareholder value.
Investors should monitor HomeStreet Bank for improvements in profitability and efficiency in managing its loan portfolio and operational costs as well as its ongoing strategic initiatives in response to changing interest rates and market conditions.
HomeStreet Earnings History
Earnings Calendar
FAQ
When is the earnings report for HMST?
HomeStreet (HMST) has scheduled its earnings report for Apr 29, 2025 before the markets open.
What is the HMST price-to-earnings (P/E) ratio?
HMST P/E ratio as of Mar 14, 2025 (TTM) is -1.17.
What is the HMST EPS forecast?
The forecasted EPS (Earnings Per Share) for HomeStreet (HMST) for the first fiscal quarter 2025 is -$0.0700.
What are HomeStreet's retained earnings?
On its balance sheet, HomeStreet reported retained earnings of $99.07 million for the latest quarter ending Dec 31, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
