HOMESTREET, INC. (NASDAQ:HMST) Files An 8-K Regulation FD Disclosure

The information provided to this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any filing or other document filed by the Company to the Exchange Act or the Securities Act except as shall be expressly set forth by specific reference in such filing or document. The information provided to this Item 7.01 shall instead be deemed “furnished.”

On October 2, 2017, HomeStreet, Inc. (the “Company”) announced a restructuring of its Mortgage Banking segment in a press release attached hereto as Exhibit 99.1.

The press release includes forward-looking statements within the meaning of the Securities Exchange Act of 1934, as amended, the Securities Act of 1933, as amended, and the rules under each of those statutes. Such statements are subject to a number of risks and uncertainties. In particular, statements about many aspects of the single family lending restructuring, including the actual amount of charges incurred, anticipated future savings and expected operating efficiencies, which we may not be able to realize, expectations about revenue, income, origination volume and the direction and impact of economic growth and conditions in our primary markets, and factors that affect the success of the measures announced in the press release, as well as statements that anticipate these events, are forward looking in nature. We cannot give assurances that additional restructuring charges will not be taken in the future as market conditions evolve, or that our expectations about revenue, income and origination volume will not change. Forward looking statements are based on many beliefs, assumptions, estimates and expectations of our future performance, taking into account information currently available to us, and include statements about the competitiveness of the banking industry. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and generally beyond HomeStreet’s control. You should consider, among other things, the risk factors included in our periodic reports filed with the Securities and Exchange Commission, including but not limited to our most recent Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2017. Forward looking statements speak only as of the date made, and we do not undertake to update them to reflect changes or events that occur after that date.

The information reported in this report, including the materials attached as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended.

HomeStreet, Inc. ExhibitEX-99.1 2 exhibitpressreleaseoctober2.htm HOMESTREET,…To view the full exhibit click here
About HOMESTREET, INC. (NASDAQ:HMST)
HomeStreet, Inc. is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. Its operating segments include Commercial and Consumer Banking, and Mortgage Banking. The Company’s subsidiaries include HomeStreet Bank (the Bank) and HomeStreet Capital Corporation. The Bank is a savings bank that provides mortgage and commercial loans, deposit products and services, non-deposit investment products, private banking and cash management services. Doing business as HomeStreet Insurance Agency, the Company provides insurance products and services for consumers and businesses. The Company has a network of over 40 retail deposit branches located in Washington state, Southern California, Portland, Oregon and Hawaii, as well as over 60 stand-alone lending centers located within its retail deposit branch footprint.