SEATTLE — HomeStreet Inc. on Monday reported fourth-quarter earnings of $11 million.
On a per-share basis, the Seattle-based company said it had net income of 45 cents. Earnings, adjusted to account for discontinued operations and restructuring costs, were 61 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
The real estate lender posted revenue of $88.7 million in the period. Its adjusted revenue was $67.4 million.
For the year, the company reported profit of $17.5 million, or 65 cents per share. Revenue was reported as $263.8 million.
HomeStreet shares have fallen 4.5 percent since the beginning of the year. The stock has climbed 33 percent in the last 12 months.
