HomeStreet: 3Q Earnings Snapshot
SEATTLE (AP) _ HomeStreet Inc. (HMST) on Monday reported third-quarter profit of $26.3 million.
The Seattle-based company said it had profit of $1.15 per share. Earnings, adjusted for restructuring costs, came to $1.23 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.
The real estate lender posted revenue of $91.8 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $86.2 million.
HomeStreet shares have fallen 9.5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $30.78, dropping slightly in the last 12 months.