HomeStreet (HMST) Tops Q2 EPS by 22c

HomeStreet (NASDAQ: HMST) reported Q2 EPS of $0.90, $0.22 better than the analyst estimate of $0.68.

Key highlights:

• Total assets of $5.94 billion grew $523.9 million, or 9.7%, from $5.42 billion at March 31, 2016
• Announced agreement in June 2016 to purchase two retail deposit branches and certain related deposits in Southern California
• Announced agreement in May 2016 to purchase two retail deposit branches and related loans and deposits in Lake Oswego, Oregon
• Closed offering of $65 million in senior notes in May 2016
• During the quarter we opened three home-loan centers and two commercial lending centers

For earnings history and earnings-related data on HomeStreet (HMST) click here.

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