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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

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 (HFWA) delivered earnings and revenue surprises of 18% and 8.64%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Heritage Financial (HFWA) Q3 Earnings and Revenues Top Estimates

Net income was $21.0 million, or $0.59 per diluted share, for the third quarter of 2022 compared to $18.6 million, or $0.52 per diluted share, for the second quarter of 2022 and $20.6 million, or $0.58 per diluted share, for the third quarter of 2021. Loans receivable grew $127.2 million, or 3.3% (13.0% annualized), in the third quarter of 2022.

HERITAGE FINANCIAL ANNOUNCES THIRD QUARTER 2022 RESULTS AND DECLARES REGULAR CASH DIVIDEND

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Heritage Financial Corporation (NASDAQ:HFWA ) Q2 2022 Earnings Conference Call July 21, 2022 2:00 PM ET Company Participants Jeff Deuel - Chief Executive Officer Donald Hinson - Executive Vice President and Chief Financial Officer Tony Chalfant - Executive Vice President and Chief Credit Officer Bryan McDonald - President and Chief Operating Officer Conference Call Participants Adam Butler - Piper Sandler & Co. Kelly Motta - Keefe, Bruyette & Woods, Inc. Operator Good afternoon. Thank you for attending today's Heritage Financial Corporation Q2 2022 Earnings Call.

Heritage Financial Corporation (HFWA) CEO Jeff Deuel on Q2 2022 Results - Earnings Call Transcript

Heritage Financial (HFWA) delivered earnings and revenue surprises of 15.56% and 1.48%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Heritage Financial (HFWA) Surpasses Q2 Earnings and Revenue Estimates

Net income was $18.6 million, or $0.52 per diluted share, for the second quarter of 2022 compared to $19.8 million, or $0.56 per diluted share, for the first quarter of 2022 and $32.7 million, or $0.90 per diluted share, for the second quarter of 2021. Loans receivable grew $52.9 million, or 1.4% (5.6% annualized), in the second quarter of 2022; excluding SBA PPP loan repayments of $53.6 million, loans receivable grew $106.5 million, or 2.8% (11.2% annualized).

HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2022 RESULTS AND DECLARES REGULAR CASH DIVIDEND

Heritage Financial (HFWA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Heritage Financial (HFWA) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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OLYMPIA, Wash. , June 1, 2022 /PRNewswire/ -- Heritage Bank, a subsidiary of Heritage Financial Corporation (Nasdaq: HFWA), is pleased to announce the addition of new commercial and relationship banking teams in Vancouver, Washington; Portland and Eugene, Oregon.

Heritage Bank announces new commercial and relationship banking teams in Vancouver, Washington; Portland and Eugene, Oregon

Heritage Financial Corporation (NASDAQ:HFWA ) Q1 2022 Earnings Conference Call April 21, 2022 2:00 PM ET Company Participants Jeff Deuel - Chief Executive Officer Don Hinson - Chief Financial Officer Bryan McDonald - President and Chief Operating Officer Tony Chalfant - Chief Credit Officer Conference Call Participants Kelly Motta - KBW Matthew Clark - Piper Sandler * Operator Good afternoon. Thank you for attending today's Heritage Financial Corporation Q1 2022 Earnings Conference Call.

Heritage Financial Corporation (HFWA) CEO Jeff Deuel on Q1 2022 Results - Earnings Call Transcript

Heritage Financial (HFWA) delivered earnings and revenue surprises of 43.59% and 3.32%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Heritage Financial (HFWA) Beats Q1 Earnings and Revenue Estimates

Net income was $19.8 million, or $0.56 per diluted share, for the first quarter of 2022 compared to $19.4 million, or $0.55 per diluted share, for the fourth quarter of 2021 and $25.3 million, or $0.70 per diluted share, for the first quarter of 2021. Reversal of provision for credit losses was $3.6 million for the first quarter of 2022 compared to $5.0 million for the fourth quarter of 2021 and $7.2 million for the first quarter of 2021.

HERITAGE FINANCIAL ANNOUNCES FIRST QUARTER 2022 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.

Earnings Preview: Heritage Financial (HFWA) Q1 Earnings Expected to Decline

Heritage Financial Corporation (HFWA) CEO Jeff Deuel on Q4 2021 Results - Earnings Call Transcript

Heritage Financial (HFWA) delivered earnings and revenue surprises of 19.57% and 0.83%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Heritage Financial (HFWA) Beats Q4 Earnings and Revenue Estimates

OLYMPIA, Wash., Jan. 27, 2022 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ GS: HFWA) (the "Company" or "Heritage"), the parent company of Heritage Bank ("Bank"), today reported net income of $19.4 million for the fourth quarter of 2021 compared to $20.6 million for the third quarter of 2021 and $23.9 million for the fourth quarter of 2020.

HERITAGE FINANCIAL ANNOUNCES FOURTH QUARTER AND ANNUAL 2021 RESULTS AND DECLARES REGULAR CASH DIVIDEND

OLYMPIA, Wash., Nov. 9, 2021 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (NASDAQ: HFWA), is pleased to announce the appointment of Trevor Dryer and Gail Giacobbe to its Board of Directors.

Heritage Financial Corporation Appoints Trevor Dryer and Gail Giacobbe to its Board of Directors

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Heritage Financial Corporation (HFWA) CEO Jeff Deuel on Q3 2021 Results - Earnings Call Transcript

OLYMPIA, Wash., Oct. 21, 2021 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ GS: HFWA) (the "Company" or "Heritage"), the parent company of Heritage Bank ("Bank"), today reported that the Company had net income of $20.6 million for the quarter ended September 30, 2021 compared to $32.7 million for the linked-quarter ended June 30, 2021 and $16.6 million for the quarter ended September 30, 2020.

Heritage Financial Announces Third Quarter 2021 Results And Declares Regular Cash Dividend

Heritage Financial (HFWA) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Heritage Financial (HFWA) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How Heritage Financial (HFWA) Stock Stands Out in a Strong Industry

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News for Heritage Financial Stock (HFWA)