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HomeStreet reports Q3 core EPS 45c, consensus 41c.

"During the third quarter of 2018 we made significant progress on our long-term strategy to build a better HomeStreet," said Mark K. Mason, Chairman, President, and Chief Executive Officer. "Our Commercial and Consumer Banking segment achieved record net income for the quarter. This was in the face of a continued flat yield curve that pressured our net interest margin. Loans held for investment grew 3% during the quarter and asset quality remained strong, with our ratio of nonperforming assets at 0.15% of total assets at quarter end. Additionally, increasing market interest rates and seasonal withdrawal of funds from business accounts slowed core deposit growth this quarter."

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Publication:The Fly
Article Type:Financial report
Date:Oct 22, 2018
Words:107
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