Homestreet, INC

Market Movers (8-K)

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Mechanics Bancorp announced a net income of $57.7 million for the second quarter of 2026, a significant increase from the previous quarter, driven by successful merger integration and strategic business line sales.
Mechanics Bancorp's 2026 Annual Meeting saw shareholders re-elect all eight director nominees and approve executive compensation and auditor ratification.
Mechanics Bancorp announced its Board of Directors approved a cash dividend of $0.70 per Class A share and $7.00 per Class B share, payable May 28, 2026.
Mechanics Bancorp has finalized the sale of its Fannie Mae Delegated Underwriting and Servicing business to Fifth Third Bank for $126 million in cash.
Mechanics Bancorp announced its first quarter 2026 financial results, reporting net income of $44.1 million, with significant progress made on the HomeStreet merger integration.
Worse than expected
Mechanics Bancorp announced a cash dividend for Class A and Class B common stock and adopted amended bylaws clarifying uncertificated shares.

Quarterly Earnings (10-Q)

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Mechanics Bancorp reported a net income of $57.7 million for Q2 2026, with total assets decreasing to $21.2 billion, while navigating post-merger integration and asset sales.
Mechanics Bancorp reports Q1 2026 net income of $44.1 million, reflecting ongoing integration following the HomeStreet Bank merger.
Mechanics Bancorp reports significant growth in Q3 2025, driven by the HomeStreet Bank merger, which resulted in a $90.4 million bargain purchase gain and expanded its asset base.
HomeStreet, Inc. reported a reduced net loss in Q2 2025, driven by improved net interest income and lower expenses, but faced a significant increase in provision for credit losses due to adverse loan migration.
Worse than expected
Capital raise
HomeStreet, Inc. announced a net loss for the first quarter of 2025, while also reporting a definitive merger agreement with Mechanics Bank expected to close in the third quarter of 2025.
Worse than expected
HomeStreet Inc. reported a net loss for the third quarter of 2024, while also facing challenges with its proposed merger.
Worse than expected
Delay expected

Annual Reports (10-K)

HomeStreet, Inc. reports a net loss of $144.3 million for 2024, prompting a strategic shift including the sale of $990 million in multifamily loans to improve profitability.
Worse than expected
HomeStreet Inc. has filed an amendment to its 2023 annual report to include previously omitted information regarding directors, executive compensation, and corporate governance.
Worse than expected
Delay expected
HomeStreet Inc. has released its 10-K annual report for the year ended December 31, 2023, detailing financial performance and operational activities while also highlighting the pending merger with FirstSun Capital Bancorp.
Worse than expected

Insider Trading (Form 4)

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Mechanics Bancorp Director and 10% Owner Edward Michael Downer reported the sale of 2 shares of Class A Common Stock at $15.13 per share.
Mechanics Bancorp director Nancy D. Pellegrino was granted 5,513 restricted stock units vesting in May 2027.
Mechanics Bancorp director Kenneth D. Russell was granted 5,513 restricted stock units vesting in May 2027.
Director Patricia Cochran acquired 3,301 shares of Mechanics Bancorp through the vesting of restricted stock units.
Director Douglas E. Downer reported the vesting of 3,301 restricted stock units and a new grant of 5,513 units in Mechanics Bancorp.
Director Jon R. Wilcox acquired 3,301 shares of Mechanics Bancorp via RSU vesting and received a new grant of 5,513 RSUs.

Proxy Statements (Def-14A)

Mechanics Bancorp schedules its 2026 Annual Meeting for May 28, 2026, to address director elections, executive compensation, and auditor ratification.
HomeStreet, Inc. has filed a definitive proxy statement with the SEC regarding its upcoming shareholder meeting.
HomeStreet, Inc. invites shareholders to its virtual-only 2025 Annual Meeting on May 29, 2025, to vote on director elections, executive compensation, and auditor ratification.
Worse than expected
HomeStreet shareholders are being asked to vote on a proposed merger with FirstSun Capital Bancorp, aiming to create a premier bank in the Southwest and West Coast with approximately $17 billion in assets.
Worse than expected
Capital raise

Schedule 13D - Activist Investments

A group of Ford-affiliated entities and Carl B. Webb have reported beneficial ownership of 78.1% of Mechanics Bancorp's Class A common stock following a recent merger.

Schedule 13G - Passive Investments

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Maltese Capital Management LLC and Terry Maltese have filed an amended Schedule 13G, disclosing a 0.5% beneficial ownership in Mechanics Bancorp's Class A Common Stock as of September 30, 2025.
Wellington Management Group and its affiliates have filed an amended Schedule 13G, reporting zero beneficial ownership in Mechanics Bancorp common stock.
Worse than expected
The Vanguard Group has filed an amended Schedule 13G, disclosing a 0.44% beneficial ownership stake in Mechanics Bancorp's common stock.
BlackRock, Inc. has filed an amendment to its beneficial ownership of Mechanics Bancorp common stock, reporting a 0.3% stake.
Philadelphia Financial Management of San Francisco, LLC and its affiliated entities have disclosed a passive 8.2% ownership stake in Home Street Inc.'s Class A common stock.
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 6.8% beneficial ownership stake in HomeStreet Inc. held for passive investment purposes.