HomeStreet: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2023, 04:39 PM ET
Last Updated - Jun 22, 2023, 04:26 AM EDT
SEATTLE (AP) — SEATTLE (AP) — HomeStreet Inc. (HMST) on Monday reported first-quarter net income of $5.1 million.
The Seattle-based company said it had net income of 27 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The real estate lender posted revenue of $107.2 million in the period. Its adjusted revenue was $59.6 million, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $62.2 million.
