Mark Mason on capital allocation
From HomeStreet, Inc HMST CEO Mark Mason on Q2 2020 Results · · Daily Earnings Calls
“These conditions gave us the confidence in the second quarter to resume our previously suspended share repurchase program; yesterday we also announced that the board has approved an additional $25 million of stock repurchases subject to regulatory non-objection and the board of directors also declared a 15 cent per share common stock dividend.”
On , Mark Mason, Executive Chairman, President & Chief Executive Officer at HOMESTREET INC, spoke about capital allocation 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