HomeStreet, Inc.

HomeStreet, Inc.

HomeStreet, Inc.

Overview
Date Founded

1921

Headquarters

601 Union Street,Street 2000,Seattle, WA 98101

Type of Company

Public

Employees (Worldwide)

2,036

Industries

Retail & Commercial Banking
Holding Companies

Company Description

HomeStreet, Inc. is a holding company, which engages in the provision of commercial and consumer banking and real estate lending services. It operates through the Commercial and Consumer Banking, and Mortgage Banking segments. The Commercial and Consumer Banking segment offers diversified financial products and services to its commercial and consumer customers through bank branches, and through automated teller machines (ATMs), online, mobile and telephone banking. The Mortgage Banking segment originates and purchases single family mortgage loans for sale in the secondary markets. The company was founded on August 17, 1921 and is headquartered in Seattle, WA.

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Executives & Employees

Chairman, Chief Executive Officer & President

Executive Vice President & Chief Financial Officer

Chief Investment Officer & Treasurer

Executive Vice President, General Counsel, Chief Administrative Officer & Corporate Secretary

Executive Vice President & Chief Risk Officer

Executive Vice President & Chief Information Officer

Executive Vice President & Chief Credit Officer

Executive Vice President & Head-Commercial Real Estate

Executive Vice President & Human Resources Director of HomeStreet Bank

Senior Executive Vice President & Mortgage Lending Director of Bank

Board of Directors

Chairman, Chief Executive Officer & President at HomeStreet, Inc.

Chief Executive Officer, Private Client Services at Russell Investment Management LLC

Former Vice President & Corporate Controller at Microsoft Corporation

President & Chief Executive Officer at Miller & Smith, Inc.

Former Director-Physicians Group at University of Washington

Former Managing Director at FBR Capital Markets & Co.

Limited Partner & Chief Investment Officer at Roaring Blue Lion Capital Management LP

San Diego Community Bank

Former Executive Vice President & Manager-Banking Division at First Interstate Bank (Billings, Montana)

Former Vice President-Investor Relations at U.S. Bancorp

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HomeStreet, Inc.
Owners & Shareholders
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Investment Counselors of Maryland (ICM) offers clients value investment solutions across the market-cap spectrum. In doing so, the firm utilizes two distinct investment processes. Both approaches employ a value-oriented investment method with a focus on fundamental analysis. ICM attempts to measure the value of a security by looking at economic and financial factors including the overall economy, industry conditions, and the financial condition and management of the company itself, to determine if the company is underpriced or overpriced. These two strategies include: Small Cap, SMID Cap & Mid-Cap Value and Large Cap Value.In selecting investments for their Small Cap, SMID Cap & Mid-Cap Value strategies, ICM seeks to invest in companies that they estimate to be undervalued that also possess leading market share positions, shareholder-oriented management teams, and strong balance sheets and cash flow ratios. Usually, the shares of the companies they buy are selling at a price-to-earnings ratio below the average price-to-earnings ratio of the stocks in the broad capitalization-specific indices (i.e. Russell 2000 , Russell 2500 and Russell Midcap). The companies usually have higher return-on-equity and return-on-capital than the average company in those same indices. Using screening parameters such as price-to-earnings, relative return-on-equity and other financial ratios, ICM screens the universe of investments to identify potentially undervalued securities. They further narrow the list of potential investments through traditional fundamental security analysis.For their Large Cap Value strategy, ICM seeks to identify companies that are well-capitalized with sustainable competitive advantages and strong management teams. Using various screening parameters, they seek to identify potentially undervalued securities. ICM further narrows the list of potential investments through traditional fundamental security analysis. Investment are chosen once ICM is convinced the securities are undervalued and after they have attempted to discover a positive inflection point in the company's business momentum. ICM's primary focus is to confirm the competitive position of the company and that it is sufficiently undervalued based on historical valuation parameters, given their projected estimates for earnings and free-cash-flow.

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Context BH Capital Management LP is an American private company located in Bala Cynwyd, PA, with operations in the United States, that provides investment advice. The firm was founded in 2012.

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Philadelphia Financial Management of San Francisco (PFMSF) manages private investment funds that seek to maximize total returns by investing primarily in the financial service industry. The funds' assets predominantly (but not exclusively) are invested in U.S. and Canadian publicly-traded securities of finance companies including: banks, thrifts, brokers, asset managers, insurance, mortgage, specialty finance, REITs, homebuilders, financial technology, and other financial intermediaries. Although their focus is on the financial sector, PFMSF may invest a portion of the funds' assets in other sectors in which they have investment experience, such as the automotive sector. The firm may sell securities short, engage in some short-term trading, and may invest and trade in options, other derivatives and other instruments. They take long positions primarily in undervalued small- to medium-sized companies they believe offer attractive investment opportunities while shorting those with deteriorating fundamentals, questionable accounting practices, or flawed business models. The funds may use leverage and stock options in attempting to hedge positions and enhance returns. The funds may invest in any type of instrument, including private equity, distressed debt or securities of financial service companies. While the funds may invest throughout the world, typically less than 15% of a fund's assets is invested in investments other than U.S. securities, Canadian securities and securities traded on the London Stock Exchange or Euronext.

Recent Transactions
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HomeBridge Financial Services, Inc. purchases Homestreet, Inc. /Home Loan Centers from HomeStreet, Inc.

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HomeStreet, Inc., HomeStreet Bank purchase Silvergate Bank /San Marcos Ca Branch from Silvergate Capital Corp.

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HomeStreet Bank, HomeStreet, Inc. purchase Opus Bank /El Cajon Branch from Opus Bank

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onHomeStreet, Inc. purchases Simplicity Bancorp, Inc.

Investment Advisor

Advised onHomeStreet, Inc. purchases Simplicity Bancorp, Inc.

Escrow Agent

Advised onHomeStreet, Inc. issued Common Stock

Legal Advisor

Advised onHomeStreet, Inc. purchases Simplicity Bancorp, Inc.

Associate

Advised onHomeStreet, Inc. issued Common Stock

Key Stats and Financials As of 2018
Market Capitalization
$763M
Total Enterprise Value
$1.6B
Earnings Per Share
$1.47
Revenue
$548M
Net Profit
$40M
Total Debt
$1.08B
Total Equity
$740M
Enterprise Value Sales
2.91x
TEVNet Income
39.85x
Debt TEV
0.68x
Three Year Compounded Annual Growth Rate Of Revenue
5.94%
Five Year Compounded Annual Growth Rate Of Revenue
13.59%
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The Allstate Corp. Insurance: Life & Health | Northbrook, Illinois

The Allstate Corp. engages in the property and casualty insurance business and the sale of life and accident and health insurance products through its subsidiaries. It operates through following business segments: Allstate Protection, Service Businesses, Allstate Life, Allstate Benefits, Allstate Annuities, Discontinued Lines and Coverages, and Corporate and Other. The Allstate Protection segment sells private passenger auto and homeowners insurance through agencies and directly through call centers and the internet. These products are marketed under the Allstate, Encompass, and Esurance brand names. The Service Businesses segment offers a range of products and services that expand and enhance customer value propositions including SquareTrade, Arity, Allstate Roadside, and Allstate Dealer Services. The Allstate Life segment provides traditional, interest-sensitive, and variable life insurance products through Allstate exclusive agencies and exclusive financial specialists. The Allstate Benefits segment offers voluntary benefits products, including life, accident, critical illness, short-term disability and other health products sold through workplace enrolling independent agents and Allstate exclusive agencies. The Allstate Annuities segment consists of deferred fixed annuities and immediate fixed annuities. The Discontinued Lines and Coverages segment includes results from property and casualty insurance coverage that primarily relates to policies written during the 1960s through the mid-1980s. The Corporate and Other segment comprises of the company's activities and certain non-insurance operations. The company was founded on April 17, 1931 and is headquartered in Northbrook, IL.

Competitors
Hilltop Holdings, Inc. Retail & Commercial Banking - Dallas, TX

Hilltop Holdings, Inc. is a financial holding company, which engages in the provision of business and consumer banking services through PlainsCapital Bank. It operates through the following segments: Banking, Broker-Dealer, Mortgage Origination and Insurance. The Banking segment includes business banking, personal banking, wealth and investment management. The Broker-Dealer segment includes the following lines of business: public finance, capital markets, retail, structured finance, clearing services and securities lending. The Mortgage Origination segment, through the Bank's subsidiary, PrimeLending, handles loan processing, underwriting and closings in-house. The Insurance segment operates through NLC, which provides fire and limited homeowners insurance for low value dwellings and manufactured homes. The company was founded in 1998 and is headquartered in Dallas, TX.

Wintrust Financial Corp. Retail & Commercial Banking - ROSEMONT, IL

Wintrust Financial Corp. operates as a bank holding company, which engages in the provision of banking and financial services. It operates through the following segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment provides community-oriented, personal and commercial banking services to customers located in its market area. The Specialty Finance segment offers financing of insurance premiums for businesses and individuals; accounts receivable financing, value-added, out-sourced administrative services; and other specialty finance businesses. The Wealth Management segment offers wealth management services through Wintrust Investments, CTC, Great Lakes Advisors and CDEC; trust and investment services, tax-deferred like-kind exchange services, asset management, securities brokerage services and 401(k) and retirement plan services. The company was founded by Edward Joseph Wehmer on December 30, 1992 and is headquartered in Rosemont, IL.

TowneBank Retail & Commercial Banking - Portsmouth, VA

TowneBank provides retail and commercial banking services to the individuals and small & medium size businesses. It offers full range of banking and related financial services. It operates through the following segments: Banking, Realty, and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. It also includes commercial mortgage brokerage and a variety of investment & asset management services. The Realty segment provides residential real estate services and originations of a variety of mortgage loans. It also provides resort property management and residential and commercial title insurance. The Insurance segment provides individual and business members with a wide array of insurance products, including life, property, casualty, travel, and vehicle insurance, as well as employee and group benefits. The company was founded by R. Scott Morgan on September 3, 1998 and is headquartered in Portsmouth, VA.

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