Mark Mason on sector exposure
From HomeStreet, Inc HMST CEO Mark Mason on Q2 2020 Results · · Daily Earnings Calls
“Additionally, we have generally avoided lending to riskier industries like hospitality and leisure travel, food service, fitness, energy and entertainment; this conservatism has served us well in the pandemic.”
On , Mark Mason, Executive Chairman, President & Chief Executive Officer at HOMESTREET INC, spoke about sector exposure during HomeStreet, Inc HMST CEO Mark Mason on Q2 2020 Results on Daily Earnings Calls.
About Mark Mason
Mark Mason, executive chairman, president and CEO of HomeStreet, discussed the company's performance during the second quarter of 2020, stating that the pandemic illustrated the need for community banks. He said that the company was encouraged by the performance of its loan portfolio and that its conservatism in underwriting had served it well. Mason noted that the company had resumed its share repurchase program and that the board had approved an additional $25 million in stock repurchases. He also expressed concern about Seattle city council initiatives, including a proposed tax on highly paid employees