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 reports recurring developments as a bank holding company for Heritage Bank, a full-service commercial bank operating in Washington, Oregon, and Idaho. Company news centers on quarterly and annual earnings, net interest margin, loan yields, deposit costs, credit and balance-sheet trends, and regular cash dividends on HFWA common stock.
Heritage updates also cover corporate actions tied to its regional banking franchise, including completed bank acquisitions, branch-name activity such as Whidbey Island Bank and Kitsap Bank, board and governance changes, shareholder matters, and material events affecting bank operations and disclosure.
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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.