Heritage Finl Corp Wash Stock Price, News & Analysis

Heritage Financial Corporation (NASDAQ: HFWA) has scheduled its third quarter 2025 earnings release for October 23, 2025, before market open. The company will host a conference call to discuss the results at 10:00 a.m. Pacific time (1:00 p.m. Eastern time) on the same day.

The conference call will include a live Q&A session and will be available for replay until November 6, 2025. Heritage Financial operates through its subsidiary Heritage Bank, which maintains 51 banking offices across Washington, Oregon, and Idaho, including operations under the Whidbey Island Bank name.

Heritage Financial Corporation (Nasdaq: HFWA) has announced the acquisition of Olympic Bancorp, Inc. (parent of Kitsap Bank) in an all-stock transaction valued at $176.6 million. Under the agreement, Olympic shareholders will receive 45.0 shares of Heritage common stock for each Olympic share, representing approximately 17.4% ownership in the combined company.

The merger will create a stronger banking platform with combined assets of $8.8 billion, total loans of $5.7 billion, and deposits of $7.2 billion. Post-merger, Heritage will become the second-largest community bank in the Kitsap and Olympic Peninsulas, commanding a 14% deposit market share. The transaction is expected to close in Q1 2026, subject to regulatory and shareholder approvals.

Heritage anticipates an 18% earnings per share accretion following full realization of operating efficiencies. The combined entity will continue operating under the Kitsap Bank name in certain markets on the Kitsap and Olympic peninsulas.

Heritage Financial (NASDAQ:HFWA) reported Q2 2025 net income of $12.2 million, or $0.36 per diluted share, down from $13.9 million ($0.40/share) in Q1 2025. The quarter included a $6.9 million pre-tax loss on security sales, impacting EPS by $0.15.

Key performance metrics showed mixed results with net interest margin increasing to 3.51% from 3.44% and loan yields rising to 5.50%. Total deposits decreased by $60.9 million to $5.78 billion, while loans receivable slightly increased by $10 million to $4.77 billion. The company declared a regular cash dividend of $0.24 per share.

The strategic balance sheet repositioning involved selling $91.6 million of securities yielding 2.63% and purchasing $56.4 million of new securities yielding 5.06%, aiming to improve future profitability.

Heritage Financial Corporation (NASDAQ: HFWA) has scheduled its second quarter 2025 earnings release for Thursday, July 24, 2025, before market opening. The company will host a conference call to discuss the results at 10:00 a.m. Pacific time (1:00 p.m. Eastern time) on the same day.

Heritage Financial operates through its subsidiary Heritage Bank, which maintains 51 banking offices across Washington, Oregon, and Idaho. The conference call will include a live Q&A session and will be available for replay until July 31, 2025.

Heritage Financial Corporation (NASDAQ: HFWA) has announced the appointment of Bryan D. McDonald as President and Chief Executive Officer, effective May 6, 2025. McDonald, who has been serving as President and CEO of Heritage Bank since July 1, 2024, has also been appointed to the Board of Directors of both the Company and the Bank.

McDonald's extensive experience includes roles as President and COO (2021-2024) and EVP and COO (2018-2021) at Heritage Bank. He joined the bank in 2014 through the Whidbey Island Bank merger. The appointment is part of a succession plan announced in June 2024, replacing Jeffrey J. Deuel, who retired as CEO but will continue in an advisory role until March 31, 2027.

Heritage Financial (NASDAQ: HFWA) reported Q1 2025 net income of $13.9 million ($0.40 per diluted share), up from $11.9 million ($0.34 per share) in Q4 2024. The quarter included a $3.9 million pre-tax loss on security sales, impacting EPS by $0.09.

Key highlights include:

• Net interest margin increased to 3.44% from 3.36% in Q4 2024
• Deposits grew by $160.7 million (2.8%)
• Cost of interest-bearing deposits decreased to 1.92% from 1.98%
• Company expanded into Spokane market with three new commercial bankers
• Declared regular cash dividend of $0.24 per share

The company maintained strong credit quality with stable classified loans at 1.4% and implemented strategic balance sheet repositioning to improve future profitability.

Heritage Financial (Nasdaq: HFWA) has scheduled its first quarter 2025 earnings release for Thursday, April 24, 2025, before market opening. The company will host a conference call to discuss the results at 10:00 a.m. Pacific time (1:00 p.m. Eastern time) on the same day.

The conference call will include a live Q&A session, and participants are advised to join 10 minutes before the start time. The recorded call will be available for replay until May 1, 2025. Heritage Financial operates through its subsidiary Heritage Bank, maintaining a network of 51 banking offices across Washington, Oregon, and Idaho, including operations under the Whidbey Island Bank name on Whidbey Island.

Heritage Bank (NASDAQ: HFWA) has announced its expansion into the Spokane, Washington market, pending regulatory approvals. The bank has appointed three experienced commercial banking professionals: James Krejci as Senior VP and Commercial Team Leader, Timothy Engh as Senior VP Commercial Banking Officer, and Sean O'Regan as VP Commercial Banking Officer.

The expansion includes plans to open a new branch in Spokane, subject to regulatory approval. CEO Bryan McDonald emphasized that Heritage Bank's size, culture, services, and local support align with Spokane's community needs. The appointed team brings significant experience: Krejci has been in commercial banking since 2011, Engh has over 20 years of industry experience, and O'Regan brings more than 20 years of commercial and private business banking expertise.

Heritage Financial (NASDAQ: HFWA) reported Q4 2024 net income of $11.9 million ($0.34 per diluted share), up from $11.4 million ($0.33 per diluted share) in Q3 2024. The quarter included a $3.9 million pre-tax loss on securities sales and $2.9 million in BOLI restructuring costs, impacting earnings by $0.17 per share.

Key highlights include: loans receivable increased by $122.6 million (2.6%); net interest margin improved to 3.39% from 3.33%; cost of total deposits decreased to 1.39% from 1.42%. The company declared a regular cash dividend of $0.24 per share, representing a 4.3% increase from the previous quarter.

For full-year 2024, net income was $43.3 million ($1.24 per diluted share), compared to $61.8 million ($1.75 per diluted share) in 2023. The company's strategic balance sheet repositioning resulted in $22.7 million pre-tax losses on investment securities sales during 2024.