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Heritage Finl Corp Wash - HFWA STOCK NEWS

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.

Rhea-AI Summary

Heritage Financial (Nasdaq: HFWA) will release its second-quarter earnings on Thursday, July 25, 2024, before the market opens. A conference call to discuss the earnings is scheduled for the same day at 10:00 a.m. Pacific time (1:00 p.m. Eastern time). Investors can access the call at (833) 470-1428 using access code 281184. A replay will be available until August 1, 2024, at (866) 813-9403, access code 638306. For further details, contact Kaylene Lahn at 360-943-1500. Heritage Financial, based in Olympia, Washington, operates 50 banking offices in Washington, Oregon, and Idaho under Heritage Bank and Whidbey Island Bank.

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Heritage Financial (Nasdaq GS: HFWA) announced a CEO succession plan. Current CEO Jeff Deuel will retire in May 2025, transitioning to an advisory role. Bryan McDonald, currently President and COO of Heritage Bank, will assume the roles of President and CEO for both Heritage Bank and Heritage Financial effective July 1, 2024. Deuel will assist with the transition to ensure continuity. McDonald brings over 30 years of banking experience, holding significant roles within the industry. The transition aims to maintain stability and continued growth for the company.

Heritage Financial operates 50 branches across Washington, Oregon, and Idaho, serving the Pacific Northwest. The company's stock trades on NASDAQ under 'HFWA'.

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Heritage Financial reported a net income of $5.7 million for Q1 2024, with diluted earnings per share at $0.16. The company declared a cash dividend of $0.23 per share and approved a new stock repurchase program. Loans receivable increased by 2.1%, while net interest margin decreased to 3.32%. The company incurred a loss on the sale of securities and severance costs due to expense management measures.
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Heritage Financial (HFWA) is set to release its first-quarter earnings on April 25, 2024, with a scheduled conference call to discuss the results. Investors can access the call using the provided numbers and codes.
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Heritage Financial Corporation announced the resignation of Director Eric K. Chan from the Boards of Directors of the Company and the Bank effective February 6, 2024. Mr. Chan resigned due to his new position as Chief Business and Strategy Officer at The Gap. Board Chair Brian L. Vance expressed regret at Mr. Chan's departure, acknowledging his valuable contributions to the Board.
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Heritage Financial Corporation reported a decrease in net income for the fourth quarter of 2023 compared to the third quarter of 2023. The company incurred a pre-tax loss of $10.0 million on the sale of investment securities due to the strategic repositioning of its investment portfolio. Additionally, costs relating to expense management measures totaling $2.0 million were recognized in the fourth quarter. However, the company declared a regular cash dividend of $0.23 per share on January 24, 2024, an increase of 4.5% from the previous quarter. Heritage Bank is partnering with Community Roots Housing on the renovation of the historic Devonshire Apartments, providing a $16.9 million construction loan and $2.6 million permanent loan for the project.
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Heritage Financial Corporation (HFWA) to release fourth quarter and year-end earnings on January 25, 2024. Conference call scheduled to discuss the earnings.
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Heritage Financial Corporation reports net income of $18.2 million for Q3 2023, with diluted earnings per share of $0.51. Return on average equity increased to 8.80%. Capital remains strong with a leverage ratio of 9.9% and a total capital ratio of 14.1%. Loans receivable increased $15.5 million. Total deposits increased $39.6 million. Declared a regular cash dividend of $0.22 per share.
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Heritage Financial Corporation anticipates issuing its Q3 earnings release on October 19, 2023. A conference call to discuss the earnings will be held on the same day. The call will be recorded and available for replay until October 26, 2023.
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Heritage Finl Corp Wash

Nasdaq:HFWA

HFWA Rankings

HFWA Stock Data

781.45M
33.39M
1.84%
83.76%
2.27%
Banks - Regional
Savings Institutions, Not Federally Chartered
Link
United States
OLYMPIA