HomeStreet Q3 Profit Plunges - Quick Facts

(RTTNews) - HomeStreet, Inc. (HMST), the parent company of HomeStreet Bank, reported third-quarter net income of $1.7 million, or $0.11 per share, compared to $22.0 million, or $1.50 per share, in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to report profit of $0.27 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income was $20.4 million, up from $16.5 million in the prior year period, while Non-interest income was $38.2 million, compared to $69.1 million in the year-ago period.