Home Street Inc - Understand $hmst stock

$HMST Market Cap: $219.1 Million

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Financial Snapshot

Revenue

$303.5M

TTM

Gross Margin

Net Earnings

-$24.44M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$9.201B

Q3 2024

Total Liabilities

$8.663B

Q3 2024

Book Value

$538.3M

Q3 2024

Cash

$205.9M

Q3 2024

P/E

-8.967

Nov 14, 2024 EST

Free Cash Flow

-$27.57M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$399.7M	$304.3M	$244.3M	$252.0M	$277.6M	$251.5M	$212.3M	$209.5M	$165.1M	$111.3M	$88.98M	$80.69M	$79.19M	$93.85M
YoY Change	31.37%	24.56%	-3.06%	-9.22%	10.4%	18.44%	1.33%	26.9%	48.36%	25.08%	10.27%	1.89%	-15.61%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Revenue	$399.7M	$304.3M	$244.3M	$252.0M	$277.6M	$251.5M	$212.3M	$209.5M	$165.1M	$111.3M	$88.98M	$80.69M	$79.19M	$93.85M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$43.01M	$41.58M	$35.68M	$35.81M	$38.44M	$41.20M
YoY Change	3.44%	16.52%	-0.35%	-6.84%	-6.71%
% of Gross Profit
Research & Development	$29.90M	$29.98M	$27.91M	$30.00M	$31.60M	$31.85M	$25.90M	$33.06M	$29.05M	$20.05M	$14.49M	$8.867M	$5.902M	$5.223M
YoY Change	-0.27%	7.41%	-6.97%	-5.06%	-0.76%	22.97%	-21.67%	13.8%	44.89%	38.38%	63.43%	50.24%	13.0%
% of Gross Profit
Depreciation & Amortization	$10.52M	$11.25M	$12.20M	$12.10M	$10.80M	$13.90M	$13.50M	$11.40M	$10.90M	$7.400M	$4.600M	$2.700M	$2.000M	$2.400M	$21.90M
YoY Change	-6.47%	-7.79%	0.83%	12.04%	-22.3%	2.96%	18.42%	4.59%	47.3%	60.87%	70.37%	35.0%	-16.67%	-89.04%	75.2%
% of Gross Profit
Operating Expenses	$72.91M	$71.56M	$63.60M	$65.81M	$70.04M	$73.05M	$25.90M	$33.06M	$29.05M	$20.05M	$14.49M	$8.867M	$5.902M	$5.223M
YoY Change	1.89%	12.52%	-3.37%	-6.04%	-4.12%	182.07%	-21.67%	13.8%	44.89%	38.38%	63.43%	50.24%	13.0%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	$233.0M	$70.98M	$17.24M	$43.35M	$88.22M	$61.50M	$37.78M	$29.49M	$16.78M	$12.62M	$14.53M	$19.95M	$30.70M	$54.57M
YoY Change	228.24%	311.77%	-60.24%	-50.86%	43.44%	62.79%	28.12%	75.77%	32.89%	-13.13%	-27.15%	-35.02%	-43.74%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	-$32.76M	$84.66M	$146.7M	$101.9M	$48.71M	$28.26M	$25.77M	$90.78M	$56.91M	$33.32M	$34.79M	$103.7M	$15.91M	-$33.55M	-$157.2M
YoY Change	-138.69%	-42.29%	43.96%	109.19%	72.39%	9.63%	-71.61%	59.52%	70.81%	-4.25%	-66.44%	551.82%	-147.41%	-78.66%	-1455.17%
Income Tax	-$5.249M	$18.12M	$31.27M	$21.90M	$7.988M	$2.032M	-$16.89M	$32.63M	$15.59M	$11.06M	$10.99M	$21.55M	-$214.0K	$697.0K	-$47.00M
% Of Pretax Income		21.4%	21.32%	21.5%	16.4%	7.19%	-65.55%	35.94%	27.39%	33.19%	31.57%	20.78%	-1.35%
Net Earnings	-$27.51M	$66.54M	$115.4M	$79.99M	$17.51M	$40.03M	$68.95M	$58.15M	$41.32M	$22.26M	$23.81M	$82.13M	$16.12M	-$34.25M	-$110.3M
YoY Change	-141.34%	-42.35%	44.3%	356.77%	-56.25%	-41.94%	18.56%	40.74%	85.63%	-6.51%	-71.01%	409.5%	-147.07%	-68.95%	-1413.1%
Net Earnings / Revenue	-6.88%	21.87%	47.25%	31.74%	6.31%	15.92%	32.47%	27.75%	25.02%	20.0%	26.76%	101.78%	20.35%	-36.49%
Basic Earnings Per Share	-$1.46	$3.51	$5.53	$3.50	$0.66	$1.48	$2.57	$2.36	$1.98	$1.50	$1.65	$6.17	$2.98	-$6.34
Diluted Earnings Per Share	-$1.47	$3.49	$5.46	$3.47	$0.65	$1.47	$2.54	$2.34	$1.96	$1.49	$1.61	$5.98	$2.80	-$6.34	-$20.43M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$53.58M	$85.60M	$96.90M	$111.7M	$171.8M	$88.10M	$104.7M	$77.60M	$63.70M	$45.30M	$36.60M	$15.20M	$6.600M	$6.800M	$8.900M
YoY Change	-37.4%	-11.66%	-13.25%	-34.98%	95.01%	-15.85%	34.92%	21.82%	40.62%	23.77%	140.79%	130.3%	-2.94%	-23.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets				$0.00	$28.60M	$474.8M				$36.40M	$42.80M	$38.60M
YoY Change				-100.0%	-93.98%					-14.95%	10.88%
Total Long-Term Assets
YoY Change
Total Assets	$9.385B	$9.365B	$7.204B	$7.237B	$6.812B	$7.042B	$6.742B	$6.244B	$4.895B	$3.535B	$3.066B	$2.631B	$2.265B	$2.486B	$3.210B
YoY Change
Accounts Payable	$113.2M	$67.08M	$124.9M	$185.5M	$99.60M	$169.2M	$210.4M	$232.7M	$137.1M	$121.4M	$134.5M	$108.1M	$49.00M	$64.40M	$40.60M
YoY Change	68.78%	-46.29%	-32.67%	86.24%	-41.13%	-19.58%	-9.58%	69.73%	12.93%	-9.74%	24.42%	120.61%	-23.91%	58.62%
Accrued Expenses	$35.04M	$42.85M	$49.60M	$62.60M	$104.6M
YoY Change	-18.22%	-13.61%	-20.77%	-40.15%
Deferred Revenue
YoY Change
Short-Term Debt	$645.0M				$125.0M	$19.00M		$0.00	$0.00	$50.00M	$0.00
YoY Change					557.89%				-100.0%
Long-Term Debt Due	$59.77M	$160.4M	$62.00M	$61.80M	$60.70M
YoY Change	-62.74%	158.72%	0.32%	1.81%
Total Short-Term Liabilities	$113.2M	$270.3M	$236.5M	$309.9M	$264.9M	$169.2M	$210.4M	$232.7M	$137.1M	$121.4M	$134.5M	$108.1M	$49.00M	$64.40M	$40.60M
YoY Change	-58.12%	14.31%	-23.69%	16.99%	56.56%	-19.58%	-9.58%	69.73%	12.93%	-9.74%	24.42%	120.61%	-23.91%	58.62%
Long-Term Debt	$224.8M	$64.36M	$64.80M	$65.10M	$73.50M	$125.5M	$125.3M	$125.1M	$61.90M	$61.90M	$64.80M	$61.90M	$61.90M	$66.90M	$66.90M
YoY Change	249.24%	-0.68%	-0.46%	-11.43%	-41.43%	0.16%	0.16%	102.1%	0.0%	-4.48%	4.68%	0.0%	-7.47%	0.0%
Other Long-Term Liabilities				$0.00	$2.600M	$167.9M
YoY Change				-100.0%	-98.45%
Total Long-Term Liabilities	$224.8M	$64.36M	$64.80M	$65.10M	$76.10M	$293.4M	$125.3M	$125.1M	$61.90M	$61.90M	$64.80M	$61.90M	$61.90M	$66.90M	$66.90M
YoY Change	249.24%	-0.68%	-0.46%	-14.45%	-74.06%	134.16%	0.16%	102.1%	0.0%	-4.48%	4.68%	0.0%	-7.47%	0.0%
Total Liabilities	$8.846B	$8.803B	$6.489B	$6.519B	$6.133B	$6.303B	$6.038B	$5.614B	$4.429B	$3.233B	$2.800B	$2.368B	$2.179B	$2.427B	$3.118B
YoY Change	0.5%	35.66%	-0.47%	6.3%	-2.7%	4.39%	7.54%	26.76%	37.0%	15.46%	18.27%	8.67%	-10.23%	-22.15%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	18.78M shares	18.93M shares	20.89M shares	22.87M shares	25.57M shares	26.97M shares	26.86M shares	24.62M shares	20.82M shares	14.80M shares	14.41M shares	13.31M shares	5.403M shares	5.403M shares
Diluted Shares Outstanding	18.78M shares	19.04M shares	21.14M shares	23.08M shares	25.77M shares	27.17M shares	27.09M shares	24.84M shares	21.06M shares	14.96M shares	14.80M shares	13.74M shares	5.748M shares	5.403M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $219.12 Million

About HomeStreet Inc

HomeStreet, Inc. is a holding company, which engages in the provision of commercial and consumer banking and real estate lending services. The company is headquartered in Seattle, Washington and currently employs 858 full-time employees. The company went IPO on 2012-02-10. The firm is principally engaged in commercial banking, mortgage banking and consumer/retail banking activities serving customers primarily in the Western United States. The company operates through its subsidiaries, which include HomeStreet Bank (the Bank), HomeStreet Statutory Trusts and HomeStreet Capital Corporation. The Bank provides commercial banking products and services to small and medium sized businesses, real estate investors and professional firms and consumer banking products and services to individuals. The Bank offers consumer and commercial banking, mortgage lending and loans for residential construction, commercial real estate financing, and insurance products and services on the West Coast and Hawaii. The Company’s commercial loan portfolio is comprised of the non-owner occupied commercial real estate (CRE), multifamily, construction and land development, owner occupied CRE and commercial business loan classes.

Industry: State Commercial Banks Peers: CAMBRIDGE BANCORP Camden National Corp Capital City Bank Group Inc Central Pacific Financial Corp First Financial Corp Flushing Financial Corp Midland States Bancorp Inc Old Second Bancorp Inc Peapack-Gladstone Financial Corp PNC Financial Services Group Inc