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HomeStreet: 4Q Earnings Snapshot

SEATTLE (AP) _ HomeStreet Inc. (HMST) on Tuesday reported fourth-quarter net income of $15.2 million.

The Seattle-based company said it had profit of 56 cents per share. Earnings, adjusted for one-time gains and costs, were 36 cents per share.

The real estate lender posted revenue of $120.8 million in the period. Its adjusted revenue was $100 million, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $103.8 million.

For the year, the company reported profit of $40 million, or $1.47 per share. Revenue was reported as $439.4 million.

HomeStreet shares have risen 22 percent since the beginning of the year. The stock has fallen 17 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HMST at https://www.zacks.com/ap/HMST