HomeStreet, Inc. (HMST), the parent company of HomeStreet Bank, reported fourth-quarter net income of $21.5 million, or $1.46 per share, compared to $7.0 million, or $1.21 per share, for the fourth quarter of 2011.
Analysts polled by Thomson Reuters expected the company to report profit of $1.22 per share for the quarter. Analysts' estimates typically exclude special items.
Net interest income was $16.6 million, up 29.8%, from the fourth quarter of 2011. Noninterest income was $71.7 million, up 160%, from $27.5 million in the fourth quarter of 2011.
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