HomeStreet (HMST) Misses Q1 EPS by 20c
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HomeStreet, Inc. Reports First Quarter 2018 Results
April 23, 2018 4:16 PM EDTKey highlights and developments for first quarter 2018:
Loans held for investment grew to $4.78 billion, an increase of $250.9 million, or 6%, from $4.53 billion at December 31, 2017, and an increase of $794.4 million, or 20%, from $3.99 billion at March 31, 2017 Deposits increased to $5.05 billion, up 6% from December 31, 2017 and 10% from March 31, 2017 The ratio of non-performing assets to total assets fell to 0.16%, the lowest level since 2006 Three de novo retail deposit branches opened during the quarter Mortgage Banking segment results were adversely impacted by reduced gain-on-sale margins, lower... More