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) is the bank holding company for Heritage Bank, a full-service commercial bank with a network of branches in Washington, Oregon, and Idaho. This news page aggregates company press releases and third-party coverage so readers can follow developments affecting Heritage Financial and Heritage Bank over time.
Heritage Financial regularly issues quarterly earnings announcements, detailing net income, net interest margin, loan and deposit trends, investment securities activity, and credit quality metrics. These releases are often accompanied by conference calls and investor presentations, which are referenced in both news items and related Form 8-K filings. Investors and analysts can use this news flow to track changes in the company’s balance sheet composition, funding mix, and capital ratios.
In addition to earnings, Heritage Financial’s news includes dividend declarations on its common stock, providing information on regular quarterly cash dividends and related record and payment dates. Corporate governance updates, such as appointments to the Board of Directors, are also announced through press releases, offering insight into leadership and oversight at both the holding company and bank levels.
Strategic activity is another key news theme. Heritage Financial has announced an Agreement and Plan of Merger with Olympic Bancorp, Inc., the holding company for Kitsap Bank, and has provided public commentary on the expected combination of their franchises, subject to regulatory and shareholder approvals. News items describe how this transaction is intended to extend Heritage Bank’s footprint and create a larger banking platform across parts of Washington, including the Puget Sound region.
By reviewing the HFWA news feed on this page, readers can follow Heritage Financial’s financial performance, capital actions, strategic transactions, and other corporate developments in one place and return as new releases and updates are published.
Heritage Financial Corporation (NASDAQ: HFWA) announced the appointment of Trevor Dryer and Gail Giacobbe to its Board of Directors, effective January 1, 2022. Mr. Dryer brings expertise in fintech and small business lending, having co-founded Mirador, while Ms. Giacobbe offers experience in digital transformation from her role at Microsoft. Both appointments aim to enhance Heritage's capabilities in navigating the ongoing digital changes within the banking sector, as noted by Board Chair Brian L. Vance.
Heritage Financial Corporation (NASDAQ: HFWA) reported a net income of $20.6 million for Q3 2021, down from $32.7 million in Q2 2021, but up from $16.6 million in Q3 2020. Diluted earnings per share fell to $0.58 compared to $0.90 in Q2 2021. The company announced a quarterly dividend of $0.21 per share, payable on November 17, 2021. Total assets increased to $7.26 billion, while loans receivable decreased to $3.91 billion primarily due to reduced SBA PPP loans. The company launched a $13 million affordable housing project and established a new Community Development Entity.
Heritage Financial Corporation (Nasdaq: HFWA) will release its third quarter earnings on October 21, 2021, before the market opens. A conference call to discuss the results is scheduled for the same day at 11:00 a.m. Pacific time (2:00 p.m. Eastern time). Participants can join the live call at (844) 200-6205 using access code 212793. A replay will be available until October 28, 2021, at (866) 813-9403 with access code 056393. For further details, inquiries can be directed to Kaylene Lahn at 360-943-1500.
Heritage Financial Corporation (NASDAQ: HFWA) reported a net income of $32.7 million for Q2 2021, a significant increase from $25.3 million in Q1 2021 and a recovery from a $6.1 million loss in Q2 2020. Diluted earnings per share rose to $0.90 compared to $0.70 in the previous quarter. The company declared a dividend of $0.20 per share, payable on August 18, 2021. The reduction in nonperforming assets and effective risk management contributed to improved financial performance.
Heritage Financial Corporation (Nasdaq: HFWA) will release its second quarter earnings on July 22, 2021, before market opening. A conference call to discuss the earnings will be held on the same day at 11:00 a.m. PT (2:00 p.m. ET). The call can be accessed at (844) 291-6362 with access code 1137604. A recorded replay will be available after the live call until August 5, 2021, at (866) 207-1041, using access code 4937664.
Heritage Financial Corporation (NASDAQ: HFWA) has appointed Bryan D. McDonald as the President and Chief Operating Officer of Heritage Bank, effective July 1, 2021. McDonald has been with Heritage since May 2014 and has played a key role in achieving the Bank's strategic goals. His leadership has been crucial during challenging times. Heritage Financial Corporation operates Heritage Bank, which has 53 locations across Washington and Oregon, under the HFWA ticker on NASDAQ.
Heritage Financial Corporation (NASDAQ: HFWA) reported a net income of $25.3 million for Q1 2021, up from $23.9 million in Q4 2020 and $12.2 million in Q1 2020. Diluted earnings per share increased to $0.70 from $0.66. The bank's total assets rose to $7.03 billion, and total deposits grew by 7.5% to $6.02 billion. A quarterly cash dividend of $0.20 per share was declared, payable on May 19, 2021. The company also reported a decrease in credit losses and nonperforming assets, showcasing a positive trend despite pandemic challenges.
Heritage Financial Corporation (Nasdaq: HFWA) plans to release its first quarter earnings on April 22, 2021, before market opening. A conference call will be held on the same day at 11:00 a.m. Pacific time to discuss the earnings report. Interested parties can join the live call by dialing (877) 692-8955 with the access code 1839701. A replay will be available 2 hours post-call until May 7, 2021. Heritage Financial, based in Olympia, operates Heritage Bank, which has 53 branches in Washington and Oregon.
Heritage Financial Corporation (NASDAQ GS: HFWA) reported a net income of $23.9 million for Q4 2020, up from $16.6 million in Q3 2020 and $17.1 million YoY. Diluted EPS increased to $0.66 from $0.46 in the prior quarter. The bank funded 4,642 SBA PPP loans totaling $897.4 million. The company highlighted its role in supporting housing development through the Heartwood Apartments project, aiming for a Green 4-star certification. As of Dec 31, 2020, total assets stood at $6.615 billion, and total deposits were $5.598 billion.
Heritage Financial Corporation (NASDAQ: HFWA) will release its fourth quarter and year-end earnings on January 28, 2021, before market opening. A conference call is scheduled for the same day at 11:00 a.m. Pacific time (2:00 p.m. Eastern time) to discuss the earnings results. Access details for the live call and its replay options have been provided. Heritage operates as a bank holding company for Heritage Bank, with a network of 61 locations in Washington and Oregon. For more information, visit www.hf-wa.com.