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.
Heritage Financial Corporation, trading under the symbol HFWA, will release its fourth quarter and year-end earnings on January 26, 2023, before the market opens. A conference call is scheduled for the same day at 10:00 AM PT to discuss these earnings. Investors can access the call live or through a replay until February 2, 2023. Heritage Financial operates Heritage Bank, which has 50 branches in Washington and Oregon.
Heritage Bank, a subsidiary of Heritage Financial Corporation (Nasdaq: HFWA), has announced new executive appointments effective January 1, 2023. Matt Ray joins as Chief Lending Officer, Amy Curran as Director of Commercial Banking, and Kelli Wilson as Chief Banking Officer, while Sabrina Robison continues as Chief Human Resources Officer. These appointments come as the bank prepares for the retirement of Cindy Hirman in April 2023. CEO Jeff Deuel emphasized these changes as strategic moves to enhance leadership and foster growth.
Heritage Financial Corporation (Nasdaq: HFWA) has appointed Eric K. Chan to its Board of Directors, effective January 1, 2023. Mr. Chan, the Chief Financial Officer of the Los Angeles Clippers since 2018, brings extensive financial and operational expertise to the board. His previous roles include CFO positions at The Bouqs Company and Loot Crate, along with senior executive positions at Mattel and Cisco Systems. Board Chair Brian L. Vance highlighted Chan's business acumen as a valuable addition for the company.
Heritage Financial Corporation (NASDAQ: HFWA) reported a net income of $21.0 million, or $0.59 per diluted share, for Q3 2022, showing an increase from $18.6 million in Q2 2022. Loans receivable grew by $127.2 million (3.3%) and net interest income surged by $9.2 million (18.5%), driven by higher interest rates. The net interest margin improved to 3.57%. A regular cash dividend of $0.21 per share was declared, payable on November 16, 2022. The company maintains a solid balance sheet with a decrease in nonperforming assets to 0.09%.
Heritage Financial Corporation (Nasdaq: HFWA) will release its third quarter earnings on October 20, 2022, before market opening. A conference call to discuss the results is scheduled for 10:00 a.m. Pacific time on the same day. Interested parties can access the call at (844) 200-6205 with access code 481365. A replay will be available until October 27, 2022, at (866) 813-9403 with access code 989637. Heritage operates a network of 50 branches in Washington and Oregon, focusing on full-service banking.
Heritage Financial Corporation (NASDAQ: HFWA) reported a net income of $18.6 million for Q2 2022, down from $19.8 million in Q1 2022 and $32.7 million in Q2 2021. Diluted earnings per share decreased to $0.52 from $0.56 and $0.90 respectively. Loans receivable rose by $52.9 million (1.4%) in Q2 2022. The net interest margin improved to 3.04%, up from 2.84% in Q1 2022. A cash dividend of $0.21 per share was declared on July 20, 2022, payable on August 17, 2022.
Heritage Financial Corporation (HFWA) plans to release its second quarter earnings on July 21, 2022, before the market opens. A conference call to discuss these earnings will occur the same day at 11:00 a.m. PT (2:00 p.m. ET). Interested parties can join the call by dialing (844) 200-6205 and using access code 476131. A replay will be available until July 28, 2022, at (866) 813-9403 with access code 467910. Heritage Financial is based in Olympia and operates Heritage Bank.
Heritage Bank, part of Heritage Financial Corporation (Nasdaq: HFWA), is expanding its commercial and relationship banking teams in Vancouver, WA; Portland; and Eugene, OR. The newly formed teams consist of a regional manager, three team leaders, banking officers, and credit analysts, all aimed at enhancing services for commercial, small business, and nonprofit clients. President Bryan McDonald expressed confidence in the new hires' potential to support the bank's growth and service expansion in key markets. Heritage Bank operates 49 offices in Washington and Oregon.
Heritage Financial Corporation (NASDAQ: HFWA) reported a net income of $19.8 million, or $0.56 per diluted share, for Q1 2022, showing a slight increase from $19.4 million in Q4 2021 but a decrease from $25.3 million in Q1 2021. Total loans receivable grew by $5.5 million (0.1%), while excluding PPP loan repayments, the increase was $86.4 million (2.4%). The company declared a cash dividend of $0.21 per share. Nonperforming assets decreased to 0.22% of total assets. Total deposits rose by $97.2 million (1.5%) since December 2021.
Heritage Financial Corporation, trading under the symbol HFWA, will release its first quarter earnings on April 21, 2022, before market opening. A conference call to discuss the results is scheduled for the same day at 11:00 a.m. Pacific time. Investors can participate by calling (844) 200-6205, using access code 097736. A replay will be available after the call until April 28, 2022.
Heritage Financial operates Heritage Bank, providing a full range of banking services with 49 branches across Washington and Oregon.