Welcome to our dedicated page for Heritage Finl Wash news (Ticker: HFWA), a resource for investors and traders seeking the latest updates and insights on Heritage Finl Wash stock.
Heritage Financial Corporation (NASDAQ: HFWA) provides comprehensive banking services across Washington, Oregon, and Idaho through its Heritage Bank subsidiary. This news hub offers investors and stakeholders centralized access to official announcements, including earnings reports, regulatory updates, and strategic initiatives.
Our curated collection features press releases detailing HFWA's commercial lending activities, balance sheet optimization strategies, and community banking developments. Users will find updates on deposit services, real estate construction loans, and risk management practices that define this regional financial institution.
Key content categories include quarterly financial results, leadership changes, operational expansions, and regulatory compliance updates. The archive serves as an essential resource for tracking HFWA's market position in Pacific Northwest banking and its responses to interest rate fluctuations.
Bookmark this page for direct access to Heritage Financial's verified communications. Check regularly for updates on loan portfolio growth, investment repositioning strategies, and other developments impacting the company's performance in community-focused commercial banking.
Heritage Financial (NASDAQ: HFWA) reported Q1 2025 net income of $13.9 million ($0.40 per diluted share), up from $11.9 million ($0.34 per share) in Q4 2024. The quarter included a $3.9 million pre-tax loss on security sales, impacting EPS by $0.09.
Key highlights include:
- Net interest margin increased to 3.44% from 3.36% in Q4 2024
- Deposits grew by $160.7 million (2.8%)
- Cost of interest-bearing deposits decreased to 1.92% from 1.98%
- Company expanded into Spokane market with three new commercial bankers
- Declared regular cash dividend of $0.24 per share
The company maintained strong credit quality with stable classified loans at 1.4% and implemented strategic balance sheet repositioning to improve future profitability.
Heritage Financial (Nasdaq: HFWA) has scheduled its first quarter 2025 earnings release for Thursday, April 24, 2025, before market opening. The company will host a conference call to discuss the results at 10:00 a.m. Pacific time (1:00 p.m. Eastern time) on the same day.
The conference call will include a live Q&A session, and participants are advised to join 10 minutes before the start time. The recorded call will be available for replay until May 1, 2025. Heritage Financial operates through its subsidiary Heritage Bank, maintaining a network of 51 banking offices across Washington, Oregon, and Idaho, including operations under the Whidbey Island Bank name on Whidbey Island.
Heritage Bank (NASDAQ: HFWA) has announced its expansion into the Spokane, Washington market, pending regulatory approvals. The bank has appointed three experienced commercial banking professionals: James Krejci as Senior VP and Commercial Team Leader, Timothy Engh as Senior VP Commercial Banking Officer, and Sean O'Regan as VP Commercial Banking Officer.
The expansion includes plans to open a new branch in Spokane, subject to regulatory approval. CEO Bryan McDonald emphasized that Heritage Bank's size, culture, services, and local support align with Spokane's community needs. The appointed team brings significant experience: Krejci has been in commercial banking since 2011, Engh has over 20 years of industry experience, and O'Regan brings more than 20 years of commercial and private business banking expertise.
Heritage Financial (NASDAQ: HFWA) reported Q4 2024 net income of $11.9 million ($0.34 per diluted share), up from $11.4 million ($0.33 per diluted share) in Q3 2024. The quarter included a $3.9 million pre-tax loss on securities sales and $2.9 million in BOLI restructuring costs, impacting earnings by $0.17 per share.
Key highlights include: loans receivable increased by $122.6 million (2.6%); net interest margin improved to 3.39% from 3.33%; cost of total deposits decreased to 1.39% from 1.42%. The company declared a regular cash dividend of $0.24 per share, representing a 4.3% increase from the previous quarter.
For full-year 2024, net income was $43.3 million ($1.24 per diluted share), compared to $61.8 million ($1.75 per diluted share) in 2023. The company's strategic balance sheet repositioning resulted in $22.7 million pre-tax losses on investment securities sales during 2024.
Heritage Financial (Nasdaq: HFWA) has announced it will release its fourth quarter and year-end earnings on Thursday, January 23, 2025, before market opening. The company will host a conference call to discuss the results on the same day at 10:00 a.m. Pacific time (1:00 p.m. Eastern time).
The conference call will include a live Q&A session, and participants can register online to receive dial-in details. A replay of the call will be available for 24 hours until January 30, 2025. Heritage Financial operates through Heritage Bank, its wholly-owned subsidiary, with 50 banking offices across Washington, Oregon, and Idaho, including operations under the Whidbey Island Bank name.
Heritage Financial (NASDAQ: HFWA) has appointed Karen R. Saunders to its Board of Directors and the Board of Heritage Bank, effective January 1, 2025. Saunders brings extensive financial services expertise as a former KPMG audit partner, where she served from 1986 to 2024. During her KPMG tenure, she led the Pacific Northwest Region's community banking practice and served as lead banking partner in Los Angeles. She holds a Bachelor's degree from the University of Washington's Foster School of Business and is a CPA licensed in Washington and California.
Heritage Financial (HFWA) reported Q3 2024 net income of $11.4 million, or $0.33 per diluted share, down from $14.2 million in Q2 2024. The quarter included a $6.9 million pre-tax loss on securities sales. Notable highlights include loans receivable growth of $146.9 million (3.2%) and deposit increase of $192.8 million (3.5%). Net interest margin improved to 3.33% from 3.29% in Q2. The company maintained strong capital levels and declared a regular cash dividend of $0.23 per share.
Heritage Financial (Nasdaq: HFWA) has appointed Nicholas Bley as Executive Vice President and Chief Operating Officer of Heritage Bank and Executive Vice President of Heritage, effective October 28, 2024. Bley joins from JPMorgan Chase & Co., where he served for 16 years, most recently as Managing Director and Commercial Real Estate Senior Regional Sales Manager. His experience spans sales management, digital operations, loan operations, and information systems. Bley serves on the Seattle Metropolitan Chamber of Commerce board and holds degrees from Western Washington University and the University of Washington's Foster School of Business.
Heritage Financial (Nasdaq: HFWA) has announced the release date for its third quarter earnings. The company plans to issue the earnings release on Thursday, October 24, 2024, before the market opens. A telephone conference call is scheduled for the same day at 10:00 a.m. Pacific time (1:00 p.m. Eastern time) to discuss the results.
Participants can register for the call using a provided link to receive dial-in details. The conference call will include a live question-and-answer session following the presentation. A replay of the call will be available for 24 hours until October 31, 2024. Heritage Financial is an Olympia-based bank holding company with Heritage Bank as its sole wholly-owned banking subsidiary, operating 50 branches across Washington, Oregon, and Idaho.
Heritage Financial (Nasdaq GS: HFWA) reported net income of $14.2 million for Q2 2024, up from $5.7 million in Q1 2024. Diluted earnings per share (EPS) were $0.41, a significant rise from $0.16 in Q1 2024. The quarter included a loss on sale of securities of $1.9 million, impacting EPS by $0.04. Loans receivable rose by $104.5 million or 2.4% during the quarter. The net interest margin (NIM) fell slightly to 3.29% from 3.32% in Q1 2024. The cost of total deposits increased to 1.34% from 1.19% in the previous quarter. The efficiency ratio improved to 69.4% from 83.0% in Q1 2024. The company declared a regular cash dividend of $0.23 per share. A CEO succession plan was announced, with Bryan McDonald taking over as CEO of Heritage Bank from July 1, 2024.
