HomeStreet reports Q1 core EPS 21c, consensus 41c
"The first quarter of 2018 was one of meeting challenges," said Mark K. Mason, Chairman, President, and Chief Executive Officer. "The limited supply of new and resale housing has become acute and is beginning to be felt nationwide, the yield curve has flattened considerably to near historic lows, and the capital markets experienced periods of extreme volatility during the quarter. Nevertheless, we made significant progress on our strategic goals of growth and diversification with loans held for investment increasing by 6% during the quarter while asset quality continued to improve. Nonperforming assets decreased to 0.16% of total assets, representing the lowest absolute and relative levels of problem assets since 2006. We were also able to increase deposits by 6%, aided by a 4.3% increase in business deposits."