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[ HomeStreet ] Fully diluted EPS $ 1.37 Operating Results HomeStreet Reports Second Quarter 2021 Results Financial Position ROE : 16.3 % ROTCE : 17.2 % SEATTLE -July 26 , 2021 – ( BUSINESS WIRE ) – HomeStreet , Inc. ( Nasdaq : HMST ) ( including its consolidated subsidiaries , the " Company " or " Home Street " ) , the parent company of HomeStreet Bank , today announced the financial results for the quarter ended June 30 , 2021. As we present non - GAAP measures in this release , the reader should refer to the non - GAAP reconciliations set forth below under the section " Non - GAAP Financial Measures . " Ⓡ " Our second quarter results continued our outstanding start to 2021 , " stated Mark Mason , HomeStreet's Chairman , Chief Executive Officer and President . " Each of our lines of business continues to meet or exceed our expectations and the strong credit quality of our loan portfolio continues to improve . Our earnings for the second quarter remained solid as higher net interest income , lower noninterest expenses and a recovery of our allowance for credit losses offset an expected decrease in single family mortgage volumes and profit margins . Our higher net interest income benefited from Paycheck Protection Program ( " PPP " ) loan forgiveness , higher loan portfolio balances and still declining deposit costs . Additionally , our continuing strategic focus on improving our operating efficiency and deposit composition is evident in our results over the last year . " ● ROAA : 1.59 % Second quarter compared to first quarter 2021 Net income : $ 29.2 million compared with $ 29.7 million Earnings per fully diluted share : $ 1.37 compared to $ 1.35 Net interest margin : 3.45 % , compared to 3.29 % ROE : 16.3 % compared to 16.4 % ROTCE : 17.2 % compared to 17.3 % Return on average assets : 1.59 % compared to 1.65 % Efficiency ratio : 62.8 % compared to 60.0 % Second quarter compared to first quarter 2021 Loan portfolio originations : $ 912 million , a 19 % increase Single family loans held for sale originations : $ 563 million , a 10 % decrease Commercial and consumer noninterest - bearing deposits increased 8 % Period ending cost of deposits : 0.16 % , compared to 0.21 % Book value per share : $ 34.09 , compared to $ 32.84 Tangible book value per share : $ 32.53 , compared to $ 31.31 1 " Our loan portfolio originations were $ 912 million in the second quarter , resulting in a 2 % increase in loans held for investment , " added Mr. Mason . " Excluding the impact of the paydown in PPP loans , and despite continuing high levels of prepayments , our loans held for investment increased $ 278 million , an annualized rate of 23 % . Of note , we originated $ 1.2 billion of CRE loans , including multifamily , non - owner occupied and construction loans in the first half of this year , a record for the Company . Additionally , our deposit composition continued to improve as noninterest - bearing deposits as a percentage of total deposits increased to 26 % . "