Welcome to our dedicated page for Heritage Financial news (Ticker: HFWA), a resource for investors and traders seeking the latest updates and insights on Heritage Financial stock.
Heritage Financial Corp (NASDAQ: HFWA), based in Olympia, Washington, is a prominent bank holding company. Through its wholly-owned subsidiary, Heritage Bank, the company provides a comprehensive suite of financial solutions including commercial lending, deposit services, real estate construction loans, consumer loans, and first mortgage loans primarily in Washington, Oregon, and Idaho.
Heritage Bank, operating under the Whidbey Island Bank name in certain locations, has a robust network of 50 banking offices. Their offerings cater to small and medium-sized businesses, as well as the general public, with products such as noninterest demand accounts, money market accounts, savings accounts, and certificates of deposit. The company's focus on prudent risk management and strategic growth is evident in its recent financial performance and development projects.
In recent quarters, Heritage Financial has reported steady earnings, maintaining a strong balance sheet with ample liquidity. They remain committed to sustaining long-term shareholder returns through a combination of strong core deposits and active loan production. Executive efforts are also directed at partnering with community organizations to foster social benefits, such as financing affordable housing projects.
The company’s latest financial activities include the strategic repositioning of its balance sheet through the sale and purchase of investment securities, aimed at enhancing interest income. Heritage Financial’s capital ratios are well above regulatory requirements, ensuring a stable financial outlook.
Recent news highlights include the announcement of quarterly earnings and upcoming conference calls to discuss financial results, reflecting their transparency and commitment to stakeholder communication. The company continues to adapt to changing market conditions while upholding its mission to provide exceptional banking services.
Heritage Financial Corporation (NASDAQ: HFWA) reported a net income of $19.4 million for Q4 2021, down from $20.6 million in Q3 2021 and $23.9 million in Q4 2020. Diluted EPS for Q4 2021 was $0.55, compared to $0.58 in Q3 2021 and $0.66 in Q4 2020. Total assets as of December 31, 2021, increased to $7.43 billion. The Board declared a quarterly cash dividend of $0.21 per share, payable on February 23, 2022. The bank continues to invest in affordable housing projects while managing capital levels exceeding regulatory requirements.
Heritage Financial Corporation (Nasdaq: HFWA) will release its fourth quarter and year-end earnings on January 27, 2022, before the market opens. A conference call to discuss these earnings is scheduled for the same day at 11:00 a.m. PT (2:00 p.m. ET). Investors can access the call at (844) 200-6205 with an access code of 09084. A replay of the call will be available until February 3, 2022.
Heritage is a bank holding company operating Heritage Bank with a network of 49 branches in Washington and Oregon.
Heritage Financial Corporation (NASDAQ: HFWA) announced the appointment of Trevor Dryer and Gail Giacobbe to its Board of Directors, effective January 1, 2022. Mr. Dryer brings expertise in fintech and small business lending, having co-founded Mirador, while Ms. Giacobbe offers experience in digital transformation from her role at Microsoft. Both appointments aim to enhance Heritage's capabilities in navigating the ongoing digital changes within the banking sector, as noted by Board Chair Brian L. Vance.
Heritage Financial Corporation (NASDAQ: HFWA) reported a net income of $20.6 million for Q3 2021, down from $32.7 million in Q2 2021, but up from $16.6 million in Q3 2020. Diluted earnings per share fell to $0.58 compared to $0.90 in Q2 2021. The company announced a quarterly dividend of $0.21 per share, payable on November 17, 2021. Total assets increased to $7.26 billion, while loans receivable decreased to $3.91 billion primarily due to reduced SBA PPP loans. The company launched a $13 million affordable housing project and established a new Community Development Entity.
Heritage Financial Corporation (Nasdaq: HFWA) will release its third quarter earnings on October 21, 2021, before the market opens. A conference call to discuss the results is scheduled for the same day at 11:00 a.m. Pacific time (2:00 p.m. Eastern time). Participants can join the live call at (844) 200-6205 using access code 212793. A replay will be available until October 28, 2021, at (866) 813-9403 with access code 056393. For further details, inquiries can be directed to Kaylene Lahn at 360-943-1500.
Heritage Financial Corporation (NASDAQ: HFWA) reported a net income of $32.7 million for Q2 2021, a significant increase from $25.3 million in Q1 2021 and a recovery from a $6.1 million loss in Q2 2020. Diluted earnings per share rose to $0.90 compared to $0.70 in the previous quarter. The company declared a dividend of $0.20 per share, payable on August 18, 2021. The reduction in nonperforming assets and effective risk management contributed to improved financial performance.
Heritage Financial Corporation (Nasdaq: HFWA) will release its second quarter earnings on July 22, 2021, before market opening. A conference call to discuss the earnings will be held on the same day at 11:00 a.m. PT (2:00 p.m. ET). The call can be accessed at (844) 291-6362 with access code 1137604. A recorded replay will be available after the live call until August 5, 2021, at (866) 207-1041, using access code 4937664.
Heritage Financial Corporation (NASDAQ: HFWA) has appointed Bryan D. McDonald as the President and Chief Operating Officer of Heritage Bank, effective July 1, 2021. McDonald has been with Heritage since May 2014 and has played a key role in achieving the Bank's strategic goals. His leadership has been crucial during challenging times. Heritage Financial Corporation operates Heritage Bank, which has 53 locations across Washington and Oregon, under the HFWA ticker on NASDAQ.
Heritage Financial Corporation (NASDAQ: HFWA) reported a net income of $25.3 million for Q1 2021, up from $23.9 million in Q4 2020 and $12.2 million in Q1 2020. Diluted earnings per share increased to $0.70 from $0.66. The bank's total assets rose to $7.03 billion, and total deposits grew by 7.5% to $6.02 billion. A quarterly cash dividend of $0.20 per share was declared, payable on May 19, 2021. The company also reported a decrease in credit losses and nonperforming assets, showcasing a positive trend despite pandemic challenges.
Heritage Financial Corporation (Nasdaq: HFWA) plans to release its first quarter earnings on April 22, 2021, before market opening. A conference call will be held on the same day at 11:00 a.m. Pacific time to discuss the earnings report. Interested parties can join the live call by dialing (877) 692-8955 with the access code 1839701. A replay will be available 2 hours post-call until May 7, 2021. Heritage Financial, based in Olympia, operates Heritage Bank, which has 53 branches in Washington and Oregon.
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