HomeStreet, Inc. - Common Stock (HMST)

Competitors to HomeStreet, Inc. - Common Stock (HMST)

Banc of California, Inc. 

Banc of California directly competes with HomeStreet by focusing on commercial banking and real estate lending in California. Both banks aim to cultivate relationships with small to medium-sized businesses, although Banc of California has a more prominent focus on tech and innovation within their services, likely providing a fresh competitive angle that appeals to modern clientele. This strategic shift gives Banc of California a competitive edge in terms of attracting tech-centric businesses.

Citizens Financial Group, Inc. 

Citizens Financial Group operates on a much larger scale compared to HomeStreet, competing primarily through a more diversified portfolio of financial products, including personal banking, commercial lending, and wealth management—services that HomeStreet is also aiming to grow. Citizens possesses substantial resources, strong brand recognition, and advanced technological capabilities, positioning it as a leading competitor in the banking sector with advantages in both market accessibility and product offerings.

Pacific Premier Bancorp, Inc. 

Pacific Premier Bancorp competes with HomeStreet by providing similar banking products and services within the Western United States. Both banks focus on commercial banking and real estate lending; however, Pacific Premier has been more aggressive in expanding through acquisitions, allowing it to achieve greater scale and market penetration, thus creating a competitive edge in their regional offerings compared to HomeStreet.

Washington Federal, Inc. 

Washington Federal (WaFd) shares a competitive landscape with HomeStreet, targeting similar customer bases through residential and commercial banking services across the Western U.S. HomeStreet competes effectively with WaFd on customer service and a community-oriented approach; however, WaFd's broader branch network and established banking legacy may give it an edge in terms of market reach and established customer relationships.

Zions Bancorporation 

Zions Bancorporation and HomeStreet, Inc. both operate in the banking and financial services industry with a focus on regional markets. Zions offers a variety of banking services, including commercial and personal lending, which directly competes with HomeStreet's offerings. Zions has a larger geographical footprint and more diversified service lines, providing it with a competitive advantage in terms of brand recognition and customer base.