HomeStreet, Inc. Reports Year-End and Fourth Quarter 2018 Results
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HomeStreet (HMST) Reports In-Line Q4 EPS
January 22, 2019 8:06 AM ESTHomeStreet (NASDAQ: HMST) reported Q4 EPS of $0.36, in-line with the analyst estimate of $0.36.
Achieved record net income in our Commercial and Consumer Banking segment of $56.8 million, or $52.9 million excluding the impact of tax reform, acquisition, and restructuring related itemsGrew loans held for investment to $5.09 billion, an increase of $564.1 million, or 12% from $4.53 billion at December 31, 2017Increased deposits to $5.05 billion, an increase of $290.5 million, or 6% from $4.76 billion at December 31, 2017Implemented cost savings initiatives, excluding the impact of restructuring and acquisition related charges, that reduced expenses by $14.0 million in base salaries, $11.3 million in... More