An Analysis of HomeStreet, Inc.'s Executive Compensation and Financial Performance

HomeStreet, Inc. (NASDAQ: HMST), a well-known player within the commercial banking industry, has had an interesting trajectory over recent years, both in terms of executive compensation and financial maneuvers. As HomeStreet continues to navigate the complexities of the financial sector, understanding the compensation trends of its key executives provides critical insights into the company's internal dynamics.


In 2024, the total compensation for William Endresen, the Commercial Real Estate President and Executive Vice President, totaled $1,141,764. This package included a base salary of $427,890 and a stock award of $254,155, without any bonuses or option awards, highlighting a consistent structure aligned with previous years. This contrasts sharply with his compensation in 2020, which totaled $1,611,253, attributed largely to a higher stock award and significant all other compensation, which included various perks and benefits.[^1][^3]

Looking back to 2021, Mark K. Mason, who served as the Chief Executive Officer, received a total compensation of $2,502,021. His salary of $775,000 was complemented by a substantial stock award of $765,386, though, similar to Endresen, he did not receive a bonus or option awards during that period. Mason's compensation in 2020 was slightly lower at $2,158,239, reflective of a fluctuating incentive structure, particularly noted through the incentive plan compensation in that year.[^2][^4]

The context around these compensation figures can be partially understood by the recent strategic moves by HomeStreet. The company reported the closing of a significant sale of $990 million in multi-family loans in December 2024, which likely impacted the firm's financial positioning and strategy moving into 2025.[^5][^6] Despite these moves, recent earnings reports for Q1 2025 reveal a loss, though revenue exceeded expectations. Such financial results likely contribute to the market's response, as evidenced by a notable, but volatile, rise in the stock price earlier in April 2025.[^7][^8][^10]

Moreover, HomeStreet's share price currently stands at $12.28, reflecting a decrease of 2.85% in recent trading sessions. This downward trend, combined with an ongoing investigation into a proposed merger with Mechanics Bank, underscores the challenges faced by HomeStreet in maintaining stability and growth.[^11][^12]

In conclusion, HomeStreet's compensation strategies for its top executives reflect a firm navigating complex market dynamics while attempting to capitalize on strategic financial decisions. Such data not only highlights the company's adaptive strategies in compensation but also reflects broader market conditions impacting their overall operational and financial performance.

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1. SEC Filing for William D. Endresen, 2024: https://www.sec.gov/Archives/edgar/data/1518715/000151871525000066/0001518715-25-000066-index.htm
2. SEC Filing for Mark K. Mason, 2021: https://www.sec.gov/Archives/edgar/data/1518715/000151871523000082/0001518715-23-000082-index.htm
3. SEC Filing for William D. Endresen, 2020: https://www.sec.gov/Archives/edgar/data/1518715/000121390022019986/0001213900-22-019986-index.htm
4. SEC Filing for Mark K. Mason, 2020: https://www.sec.gov/Archives/edgar/data/1518715/000121390021022346/0001213900-21-022346-index.htm
5. HomeStreet Closes Sale of $990 Million in Multi-Family Loans, 2024: https://www.businesswire.com/news/home/20250428360176/en
6. HomeStreet Enters Into Agreement to Sell $990 Million in Multi-Family Loans: https://www.businesswire.com/news/home/20250428360176/en
7. HomeStreet (HMST) Reports Q1 Loss, Tops Revenue Estimates: https://www.zacks.com/stock/news/2457264
8. HomeStreet (HMST) Q1 Earnings Analysis: https://www.zacks.com/stock/news/2457401
9. SEC Filing for William Endresen, 2019: https://www.sec.gov/Archives/edgar/data/1518715/000121390020009648/0001213900-20-009648-index.htm
10. HomeStreet Reports First Quarter 2025 Results: https://www.businesswire.com/news/home/20250428360176/en/HomeStreet-Reports-First-Quarter-2025-Results/
11. HomeStreet Shareholder Alert: https://www.prnewswire.com/news-releases/hareholder-alert-the-ma-class-action-firm-investigates-the-merger-of-homestreet-inc--hmst-302416256.html
12. Stock overview for HomeStreet: Market insights as per recent trading data.