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HomeStreet (HomeStreet) Effective Interest Rate on Debt % : 13.04% (As of Dec. 2023)


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What is HomeStreet Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. HomeStreet's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $265.2 Mil. HomeStreet's average total debt for the quarter that ended in Dec. 2023 was $2,033.7 Mil. Therefore, HomeStreet's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 13.04%.


HomeStreet Effective Interest Rate on Debt % Historical Data

The historical data trend for HomeStreet's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

HomeStreet Effective Interest Rate on Debt % Chart

HomeStreet Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.66 8.29 5.60 10.09 14.52

HomeStreet Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.15 11.41 10.65 11.51 13.04

Competitive Comparison of HomeStreet's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, HomeStreet's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HomeStreet's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, HomeStreet's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where HomeStreet's Effective Interest Rate on Debt % falls into.



HomeStreet Effective Interest Rate on Debt % Calculation

HomeStreet's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -232.99/( (1240.404+1969.766)/ 2 )
=-1  *  -232.99/1605.085
=14.52 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=224.404 + 1016
=1240.404

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=224.766 + 1745
=1969.766

HomeStreet's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -265.16/( (2097.671+1969.766)/ 2 )
=-1  *  -265.16/2033.7185
=13.04 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=224.671 + 1873
=2097.671

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=224.766 + 1745
=1969.766

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


HomeStreet  (NAS:HMST) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


HomeStreet Effective Interest Rate on Debt % Related Terms

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HomeStreet (HomeStreet) Business Description

Industry
Traded in Other Exchanges
N/A
Address
601 Union Street, Suite 2000, Seattle, WA, USA, 98101
HomeStreet Inc is a commercial bank. It provides commercial and consumer loans including mortgage loans, deposit products, private banking, and cash management services. The company loan products include commercial business loans and agriculture loans, consumer loans, single family residential mortgages, loans secured by commercial real estate and construction loans for residential and commercial real estate projects.
Executives
Diane P Novak officer: EVP, CHIEF RISK OFFICER 601 UNION ST, SUITE 2000, SEATTLE WA 98101
Sidney Craig Tompkins director 5995 SEPULVEDA BOULEVARD, SUITE 300, CULVER CITY CA 90230
John Michel officer: EVP, Chief Financial Officer 18101 VON KARMAN AVENUE, SUITE 750, IRVINE CA 92612
David L Parr officer: EVP, DIR. OF COMM'L BANKING 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
William Endresen officer: EVP, Comm'l RE (Interim) 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Scott M Boggs director
Erik D Hand officer: EVP, Mortgage Lending Director 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Mark Robert Patterson director 602 UNION STREET, SUITE 2000, SEATTLE WA 98101
Troy Harper officer: EVP & CIO 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Amen Darrell Van officer: SVP, Treasurer 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Douglas Irvine Smith director 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Joanne R Harrell director 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Jay C Iseman officer: EVP - Chief Credit Officer 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Sandra A Cavanaugh director 601 UNION STREET, SUITE 2000, SEATTLE WA 98101
Godfrey B Evans officer: EVP - General Counsel 601 UNION STREET, SUITE 2000, SEATTLE WA 98101