Inferra AI / Company / HFWA
Heritage Financial Corp
HFWA · Financials
Last earnings Oct 22, 2026
Key results
Net incomequarter
$12.2 million
Net income was $12.2 million, or $0.36 per diluted share, compared to $13.9 million, or $0.40 per diluted share, for the first quarter of 2025.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
Olympia, WA - Heritage Financial Corporation (Nasdaq GS HFWA) (the Company , we, or us ), the parent company of Heritage Bank (the Bank ), today reported net income of $12.2 million for the second quarter of 2025, compared to $13.9 million for the first quarter of 2025 and $14.2 million for the second quarter of 2024.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
EPSquarter
$0.36
Diluted earnings per share for the second quarter of 2025 were $0.36 compared to $0.40 for the first quarter of 2025 and $0.41 for the second quarter of 2024.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
In the second quarter of 2025, the Company incurred a pre-tax loss of $6.9 million on the sale of investment securities in connection with the strategic repositioning of its balance sheet, which decreased diluted earnings per share by $0.15 for the quarter.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
The Company also incurred pre-tax losses on the sale of investment securities in connection with balance sheet repositioning during the first quarter of 2025 and second quarter of 2024 in the amounts of $3.9 million and $1.9 million, respectively, which decreased diluted earnings per share by $0.09 and $0.04, respectively, for such quarters.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
In addition, the Company surrendered $8.5 million of its bank owned life insurance ( BOLI ) portfolio during the second quarter of 2025, incurring tax expense related to the surrender of BOLI of $515,000 which decreased diluted earnings per share by $0.02 for the quarter.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
FORWARD LOOKING STATEMENTS HERITAGE FINANCIAL CORPORATION OVERVIEW 4 OVERVIEW General Overview Nasdaq symbol HFWA Stock price(2) $25.31 Market capitalization(2) $863 million Institutional ownership(2) 83.9% Headquarters Olympia, WA # of branches 50 Year established 1927 Q2 2025 Financial Highlights Assets $7.1 billion Deposits $5.8 billion Loans receivable $4.8 billion Net income $12.2 million Net interest margin 3.51% ROAE(3) 5.57% ROATCE(1)(4) 7.85% Adjusted ROATCE(1)(4) 11.59% Efficiency ratio 72.7% Adjusted efficiency ratio(1) 64.9% Leverage ratio 10.3% Total capital ratio 13.6% Map obtained from S&P Global Market Intelligence; certain locations of branches overlap on the map.
SEC original ↗Heritage Financial Corp — Presentation / slide deck (8-K exhibit)EX-99Jul 24, 2025
AI analysis
Q2 2025 · reported Jul 24, 2025
Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held
The quarter in charts
Diluted EPS — GAAP
Per diluted share, as stated
EX-99 · Jul 24, 2025 EPS values as stated in the release.
Headline figures
| Metric | Q2 2025 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $12.2 million | — | — |
| EPS | $0.36 | $0.40 | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
htm EX-99.1 Document f FOR IMMEDIATE RELEASE DATE July 24, 2025 HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2025 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.24 PER SHARE Second Quarter 2025 Highlights
What changed vs last quarter
- Diluted EPS (GAAP) -0.04 (-10.0%) computed from stated figures
Event summary
Results included a pre-tax loss on sale of securities of $6.9 million resulting in a negative impact of $0.15 per diluted share
Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
htm EX-99.1 Document f FOR IMMEDIATE RELEASE DATE July 24, 2025 HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2025 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.24 PER SHARE Second Quarter 2025 Highlights
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
Declared a regular cash dividend of $0.24 per share on July 23, 2025.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
All outstanding borrowings at June 30, 2025 were with the Federal Home Loan Bank ( FHLB ) and mature within one year.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
These increases were partially offset by $8.3 million in dividends paid to common shareholders and $4.6 million of stock repurchases.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
(2) Includes FHLB total borrowing availability of $1.24 billion at June 30, 2025 based on pledged assets, however, maximum credit capacity is 45% of the Bank's total assets one quarter in arrears or $3.21 billion.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
The increase was due to a change in the mix of earning assets to higher yielding loan balances and a decrease in borrowing interest expense due to lower average balances, partially offset by an increase in deposit interest expense resulting from increased average balances and rates.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
Strategy & priorities
In the second quarter of 2025, the Company incurred a pre-tax loss of $6.9 million on the sale of investment securities in connection with the strategic repositioning of its balance sheet, which decreased diluted earnings per share by $0.15 for the quarter.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
This is partly due to the ongoing expansion of our net interest margin, due mostly to increases in yields on loans and investment securities.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
We continue to strategically reposition our balance sheet to improve future profitability and will consider investment in new production teams when favorable opportunities are presented.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
As previously noted, the Company sold $91.6 million of investment securities at a pre-tax loss of $6.9 million during the quarter as part of its strategic balance sheet repositioning.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
The decrease was due primarily to higher losses resulting from the above-referenced sale of investment securities recognized in the second quarter of 2025 as part of the strategic repositioning of the balance sheet, compared to losses recognized in the prior quarter.
SEC original ↗Heritage Financial Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025
Risks & headwinds
You should also consider the risks, assumptions and uncertainties set forth in the Risk Factors section in our Annual Report on Form 10-K for the year ended December 31, 2024, as well as those set forth in other reports we file with or furnish to the Securities and Exchange Commission (the SEC ) which are available on our website at www.
SEC original ↗Heritage Financial Corp — Presentation / slide deck (8-K exhibit)EX-99Jul 24, 2025
These risks, assumptions and uncertainties should be considered in evaluating any forward-looking statements, and undue reliance should not be placed on such statements.
SEC original ↗Heritage Financial Corp — Presentation / slide deck (8-K exhibit)EX-99Jul 24, 2025
LEGAL PROCEEDINGS 61 ITEM 1A.
SEC original ↗Heritage Financial Corp — 10-Q Quarterly report10-QAug 7, 2026
These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated or implied by forward-looking statements.
SEC original ↗Heritage Financial Corp — 10-Q Quarterly report10-QAug 7, 2026
Earnings deck slides
0 decks with slide viewHeritage Financial Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Heritage Financial Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Heritage Financial Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Heritage Financial Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Heritage Financial Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Heritage Financial Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Heritage Financial Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Heritage Financial Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Heritage Financial Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
31 documents- Q3 2026
- 8-KHFWA
Oct 22, 2026
- Q2 2026
- 10-QHFWA
- 8-KHFWA
Jul 23, 2026
- Q1 2026
- 8-KHFWA
May 8, 2026
- 10-QHFWA
- 8-KHFWA
Apr 23, 2026
- 8-K/AHFWA
Apr 10, 2026
- Q4 2025
- 8-KHFWA
Mar 23, 2026
- 10-KHFWA
Feb 27, 2026
- 8-KHFWA
Feb 2, 2026
- EX-99HFWA
- 8-KHFWA
Jan 22, 2026
- 8-KHFWA
Jan 22, 2026
- 8-KHFWA
Jan 16, 2026
- EX-99HFWA
Jan 16, 2026
- Q3 2025
- 8-KHFWA
Dec 30, 2025
- EX-99HFWA
Dec 30, 2025
- 8-KHFWA
Dec 19, 2025
- EX-99HFWA
Dec 19, 2025
- 10-QHFWA
- 8-KHFWA
Oct 23, 2025
- Q2 2025
- 8-KHFWA
Sep 26, 2025
- EX-99HFWA
Sep 26, 2025
- 10-QHFWA
- 8-KHFWA
Jul 24, 2025
- Q1 2025
- 10-QHFWA
- 8-KHFWA
May 6, 2025
- EX-99HFWA
- 8-KHFWA
Apr 24, 2025
- Q4 2024
- 10-KHFWA
Feb 27, 2025
- 8-KHFWA
Jan 23, 2025
Earnings releases
10 documentsPresentations
9 documents
Transcripts
0 documentsNo transcripts for Heritage Financial Corp are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.