Heritage Financial

Heritage Financial Corp. is bank holding company, which engages in the business of planning, directing, and coordinating the business activities of wholly owned subsidiary Heritage Bank. It includes commercial lending and deposit relationships with small and medium businesses and their owners in market areas, and attracting deposits from the general public. It also offers real estate construction and land development loans, and consumer loans. The company was founded in August 1997 and is headquartered in Olympia, WA.

Earnings data Q1 2021

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Earnings data Q3 2024

Earnings data Q4 2024

Heritage Financial excels in Q4 2022 amidst market challenges

Heritage Financial delivered a strong performance in Q4 and full-year 2022, driven by organic loan growth and prudent credit quality management.
While facing challenges such as deposit balance reduction and inflationary pressures, the company remains focused on efficiency and growth strategies.
Opportunities lie in mid single-digit loan production, stable retail sectors, and adapting to evolving market trends for sustained success.
Overall, Heritage Financial maintains confidence in its portfolio and is well-positioned to navigate current market conditions.

Heritage Financial reports solid Q1 performance amidst industry challenges

Heritage Financial Corporation delivered a solid performance in Q1 2023, with strong loan growth and a focus on credit quality. Despite challenges like declining net interest income, the company remains optimistic about deposit growth and loan opportunities.
The company's liquidity position was strengthened, and credit quality remained stable. Opportunities lie in capital management strategies, new hires driving growth, and a favorable market position with a strong commercial loan pipeline.
While facing challenges like margin decline and slower deal movements, Heritage Financial Corporation's strategic focus on core relationships and new customer opportunities positions it well for future success. The company's cautious approach to capital management reflects a prudent stance amidst economic uncertainty.

Heritage Financial reports solid Q2 performance amidst credit quality focus

Heritage Financial's Q2 performance was solid, with a focus on credit quality and loan growth.
The company faces challenges from deposit pricing pressures and inflationary impacts on expenses.
Opportunities lie in margin stabilization, economic recovery signs, and strategic loan portfolio management.
Maintaining a strong credit profile and capital position remains a key strength for the company.

Heritage Financial (HFWA) reports solid Q3 earnings amidst margin pressure

Heritage Financial's Q3 performance showed resilience in earnings but faced challenges with margin pressure. Despite this, the company's strong credit quality and management's confidence provide a solid foundation for navigating future uncertainties and exploring growth opportunities.

Heritage Financial (HFWA) posts strong Q4 results amidst expense reduction and loan growth

Heritage Financial (HFWA) reported strong Q4 earnings driven by robust loan growth and solid credit quality. The company's focus on expense reduction and active balance sheet management set a positive outlook for 2024. Challenges in deposit balances and net interest income were addressed through strategic measures, highlighting the company's resilience and adaptability.

Heritage Financial (HFWA) reports solid Q1 performance and growth outlook

Heritage Financial's Q1 performance showcased resilience amidst challenges, with a focus on managing expenses and driving growth.
Strong loan growth and stable credit quality underscore the company's sound financial position and risk management practices.
While facing challenges such as decreased deposit balances, the company remains optimistic about future prospects and opportunities for improvement.

Heritage Financial (HFWA) reports strong Q2 performance and outlines growth strategies

Heritage Financial's Q2 2024 earnings call showcased strong performance, stable credit quality, and prudent risk management. The company's focus on active balance sheet management and robust loan growth positions it well for future opportunities and growth.

Heritage Financial (HFWA) reports robust Q3 results and eyes growth opportunities

Heritage Financial delivered strong financial performance in Q3 2024, marked by growth in key areas and effective capital management. While facing challenges in credit quality, the company is well-positioned to capitalize on opportunities for further growth and optimization.

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Heritage Financial Corp. is a bank holding company, which engages in the business of planning, directing, and coordinating the business activities of wholly owned subsidiary, Heritage Bank. It operates through the following loan portfolio segments: Commercial Business, Residential Real Estate, Real Estate Construction and Land Development, and Consumer. The Commercial Business segment focuses on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The Residential Real Estate segment includes secured by one-to-four family residences located in its primary market areas. The Real Estate Construction and Land Development segment offers construction loans for residential and for commercial and multifamily properties. The Consumer segment provides consumer loans and lines of credit that are both secured and unsecured. The company was founded on August 28, 1997 and is headquartered in Olympia, WA.

Heritage Financial Corporation (HFWA) Q3 2024 Earnings Call Transcript

Although the revenue and EPS for Heritage Financial (HFWA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Heritage Financial (HFWA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Heritage Financial (HFWA) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.51 per share a year ago.

Heritage Financial (HFWA) Lags Q3 Earnings and Revenue Estimates

Third Quarter 2024 Highlights Net income was $11.4 million, or $0.33 per diluted share, compared to $14.2 million, or $0.41 per diluted share, for the second quarter of 2024. Results include a pre-tax loss on sale of securities of $6.9 million, or $0.16 per diluted share on an after-tax basis.

HERITAGE FINANCIAL ANNOUNCES THIRD QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.23 PER SHARE

OLYMPIA, Wash. , Oct. 23, 2024 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage"), the parent company of Heritage Bank (the "Bank"), announces that Nicholas ("Nic") Bley will become the Executive Vice President and Chief Operating Officer ("COO") of Heritage Bank and Executive Vice President of Heritage, effective October 28, 2024.

Nicholas Bley Named Chief Operating Officer at Heritage Bank

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Stocks in the Zacks Savings and loan industry like SFBS, BHLB and HFWA should benefit from the decline in mortgage rates and an improving lending scenario.

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OLYMPIA, Wash. , Oct. 1, 2024 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage") anticipates issuing its third quarter earnings release on Thursday, October 24, 2024 before the market opens.

Heritage Financial Announces Earnings Release Date and Conference Call

Heritage Financial Corporation (NASDAQ:HFWA ) Q2 2024 Results Conference Call July 25, 2024 1:00 PM ET Company Participants Jeff Deuel - CEO & Director Don Hinson - Executive VP & CFO Tony Chalfant - Executive VP & Chief Credit Officer Bryan McDonald - President Conference Call Participants Eric Spector - Raymond James Jeff Rulis - D.A. Davidson Matthew Clark - Piper Sandler Kelly Motta - KBW Operator Hello, everyone, and welcome to the Heritage Financial 2024 Q2 Earnings Call.

Heritage Financial Corporation (HFWA) Q2 2024 Earnings Call Transcript

The headline numbers for Heritage Financial (HFWA) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Heritage Financial (HFWA) Reports Q2 Earnings: What Key Metrics Have to Say

Heritage Financial (HFWA) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.48 per share a year ago.

Heritage Financial (HFWA) Q2 Earnings Beat Estimates

Second Quarter 2024 Highlights Net income was $14.2 million, or $0.41 per diluted share, for the second quarter compared to $5.7 million, or $0.16 per diluted share, for the first quarter. The second quarter results include a loss on sale of securities of $1.9 million, or $0.04 per diluted share.

HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND

Heritage Financial (HFWA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Heritage Financial (HFWA) to Report a Decline in Earnings: What to Look Out for

Retiring Chief Executive Jeff Deuel Remains CEO of Heritage Financial Corporation until May 2025; Bryan McDonald Named President and CEO of Heritage Bank and President of Heritage Financial Corporation OLYMPIA, Wash. , June 25, 2024 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq GS: HFWA) (the "Company or "Heritage"), the parent company of Heritage Bank (the "Bank"), has named Bryan D.

Heritage Financial Announces CEO Succession Plan

Heritage Financial Corporation (HFWA) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Heritage Financial (HFWA) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Heritage Financial (HFWA) Q1 Earnings

Net income was $5.7 million, or $0.16 per diluted share, for the first quarter of 2024 compared to $6.2 million, or $0.18 per diluted share, for the fourth quarter of 2023. Significant items in the first quarter of 2024 results include a loss on sale of securities of $10.0 million, or $0.22 per diluted share, and costs relating to expense management measures of $1.1 million, or $0.02 per diluted share.

HERITAGE FINANCIAL ANNOUNCES FIRST QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND

OLYMPIA, Wash. , Feb. 7, 2024 /PRNewswire/ -- Heritage Financial Corporation ("Company") (Nasdaq: HFWA), the holding company for Heritage Bank ("Bank"), announced that on February 6, 2024 Director Eric K.

Heritage Financial Corporation Announces that Director Eric K. Chan Resigned from the Board of Directors

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Heritage Financial Corporation (HFWA) Q4 2023 Earnings Call Transcript

The headline numbers for Heritage Financial (HFWA) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Heritage Financial (HFWA) Q4 Earnings: A Look at Key Metrics

Net income was $6.2 million, or $0.18 per diluted share, for the fourth quarter of 2023 compared to $18.2 million, or $0.51 per diluted share, for the third quarter of 2023. Significant items in the fourth quarter of 2023 results include a loss on sale of securities totaling $10.0 million, or $0.22 per diluted share, and costs relating to expense management measures totaling $2.0 million, or $0.04 per diluted share.

HERITAGE FINANCIAL ANNOUNCES FOURTH QUARTER AND ANNUAL 2023 RESULTS AND DECLARES REGULAR CASH DIVIDEND

Get a deeper insight into the potential performance of Heritage Financial (HFWA) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Heritage Financial (HFWA) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

Heritage Financial (HFWA) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Heritage Financial (HFWA) Soars 5.7%: Is Further Upside Left in the Stock?

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has downgraded the Financial Strength Rating (FSR) to C++ (Marginal) from B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “b” (Marginal) from “bbb-” (Good) of United Heritage Property & Casualty Company (UHPC) (Meridian, ID). In addition, AM Best has downgraded the FSR to B (Fair) from B++ (Good) and the Long-Term ICR to “bb” (Fair) from “bbb” (Good) of Sublimity Insurance Company (SIC) (Sublimity, OR). AM Best also has affirmed th.

AM Best Downgrades Credit Ratings of P/C Subsidiaries of United Heritage Financial Group, Inc.; Withdraws Credit Ratings of United Heritage Property & Casualty Company

News for Heritage Financial Stock (HFWA)