HomeStreet : First Quarter Investor Presentation
HMST
NasdaAq:pHrMil S2T8, 2025
Quarterly Results
Net loss of $4.5 million, or $0.24 per share
Core net loss of $2.9 million, or $0.15 per share(1)
HomeStreet Bank Net Income, $1.1 million
Net interest margin of 1.82%
Deposits (excluding broker deposits),
average deposits $42 million higher in the first quarter compared to the fourth quarter of 2024
total deposits: increased $131 million from 12/31/24 to 03/31/2025
Uninsured deposits were $542 million as of March 31, 2025 (9% of total deposits)
Nonperforming assets to total assets: 0.75% on March 31, 2025
Book value per share: $21.18 on March 31, 2025
Tangible book value per share of $20.83(1) on March 31, 2025 Strategic Matters
Announced a Merger Agreement with Mechanics Bank, estimated to close in the third quarter of 2025
Profitability Plan Implemented -Expected return to core profitability in 2025
See appendix for reconciliation of these non-GAAP financial measures. p. 2
HomeStreet
Seattle-based diversified commercial & consumer bank - company founded in 1921
Serving customers throughout the western United States
Total assets $7.8 billion
Seattle Metro
Washington
Market Focus:
Seattle / Puget Sound
Southern California
Portland, OR
Hawaiian Islands
Idaho/Utah(Single Family Construction Lending)
The number of offices depicted does not include satellite offices that have a limited number of staff which report to a manager located in a separate primary office.
Hawaii
Southern California
Oregon
California
Idaho
Utah
p. 3
Low level of uninsured deposits
Diversified deposit base
Continuing ability to attract new deposit clients
Strong on balance sheet and contingent Liquidity
Loan originations focus is on variable rate products
p. 4
Disclaimer
HomeStreet Inc. published this content on April 29, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 29, 2025 at 15:52 UTC.