Welcome to our dedicated page for Heritage Finl Wash news (Ticker: HFWA), a resource for investors and traders seeking the latest updates and insights on Heritage Finl Wash stock.
Heritage Financial Corporation (NASDAQ: HFWA) provides comprehensive banking services across Washington, Oregon, and Idaho through its Heritage Bank subsidiary. This news hub offers investors and stakeholders centralized access to official announcements, including earnings reports, regulatory updates, and strategic initiatives.
Our curated collection features press releases detailing HFWA's commercial lending activities, balance sheet optimization strategies, and community banking developments. Users will find updates on deposit services, real estate construction loans, and risk management practices that define this regional financial institution.
Key content categories include quarterly financial results, leadership changes, operational expansions, and regulatory compliance updates. The archive serves as an essential resource for tracking HFWA's market position in Pacific Northwest banking and its responses to interest rate fluctuations.
Bookmark this page for direct access to Heritage Financial's verified communications. Check regularly for updates on loan portfolio growth, investment repositioning strategies, and other developments impacting the company's performance in community-focused commercial banking.
Heritage Financial Corporation (NASDAQ: HFWA) reported a net income of $20.5 million, or $0.58 per diluted share, for Q1 2023, down from $22.5 million in Q4 2022. Total loans receivable increased by $76.6 million (1.9%), while total deposits decreased by 2.3% to $5.79 billion. Capital ratios remain robust, with a leverage ratio of 9.9% and a total capital ratio of 14.1%. The company declared a cash dividend of $0.22 per share, payable on May 18, 2023. Despite the decrease in net interest margin to 3.91%, it was up from 2.84% year over year. Nonperforming assets improved to 0.07% of total assets, a significant reduction from 0.22% a year earlier.
Heritage Financial Corporation (NASDAQ: HFWA) is set to release its first quarter earnings on April 20, 2023. The earnings report will be available before the market opens, followed by a conference call scheduled for 10:00 a.m. Pacific time on the same day. Investors can dial (833) 470-1428 to participate, using access code 343702. A replay of the call will be accessible until April 27, 2023, by calling (866) 813-9403 with access code 862416. Heritage Financial Corporation, based in Olympia, operates Heritage Bank, which serves Washington, Oregon, and Idaho with 51 branches.
Heritage Financial Corporation (NASDAQ: HFWA) reported a net income of $22.5 million, or $0.64 per diluted share for Q4 2022, up from $21.0 million in Q3 2022. Annual net income for 2022 totaled $81.9 million, down from $98.0 million in 2021. Loans receivable increased by $49.6 million in Q4 and $235.2 million for the year, excluding PPP repayments. Net interest income rose by 6.4% to $63.1 million in Q4. The company declared a regular cash dividend of $0.22 per share on January 25, 2023, marking a 4.8% increase from the prior dividend.
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