Heritage Finl Corp Wash SEC Filings

Heritage Financial Corp. reported an insider stock transaction by its EVP and Chief Operating Officer on 12/15/2025. The reporting person converted 4,857 restricted stock units into shares of common stock at $25.43 per share and then had 1,043 shares withheld to cover taxes, leaving 3,814 common shares directly owned.

The derivative holdings table shows 9,715 restricted stock units beneficially owned after this transaction. The award relates to the company’s 2023 Omnibus Equity Plan, under which the shares vest one third per year over a three-year period, with each unit delivering one share of common stock upon vesting.

Heritage Financial Corp (HFWA) executive Thomas J. Henning, EVP Chief Risk Officer, reported equity transactions dated 12/15/2025. He acquired 495 shares of common stock at $25.43 per share through the exercise of restricted stock units, then disposed of 79 shares at the same price to cover related obligations. Following these transactions, he directly owns 14,433 shares of Heritage Financial common stock and holds 991 restricted stock units that remain outstanding.

HERITAGE FINANCIAL CORP reported an insider equity transaction by EVP and Chief HR Officer Sabrina Robison. On 12/15/2025, a transaction coded "M" converted 247 restricted stock units into 247 shares of common stock at $25.43 per share. A separate transaction coded "F" disposed of 39 shares at the same price. After these transactions, the officer directly owns 30,353 shares of common stock and 1,734 restricted stock units.

Heritage Financial Corp executive William Glasby reported updates to his equity holdings. On December 15, 2025, 265 restricted stock units converted into 265 shares of common stock at a listed price of $25.43, and a separate transaction coded “F” involved 40 shares at the same price. After these transactions, he directly owned 8,955 shares of Heritage Financial common stock and held 1,058 restricted stock units.

Heritage Financial Corporation is progressing with its planned merger with Olympic Bancorp, parent of Kitsap Bank, and has shared an integration timeline for employees. A change in control, when Kitsap Bank will legally become part of Heritage Bank, is targeted for January 31, 2026, but customers are expected to see no changes until systems are combined.

The core system conversion to Heritage Bank’s Fiserv DNA platform is targeted for September 18, 2026, at which point Kitsap customers will move to Heritage products and services and receive detailed guides and regulatory disclosures. Until conversion, all loans and deposits will remain on legacy systems and access to Heritage’s core system will be restricted.

Heritage plans to retain the Kitsap Bank name in most locations while gradually introducing an updated visual identity tied to the Heritage brand. The communication also highlights forward-looking statement risks, including the possibility the merger may not close, integration challenges, regulatory and shareholder approvals, and dilution from issuing Heritage common stock. A Form S-4 registration statement with a joint proxy statement/prospectus will be filed for shareholder votes.

Heritage Financial Corporation is preparing for a virtual special shareholder meeting on January 21, 2026 to consider its planned acquisition of Olympic Bancorp, Inc. Shareholders are being mailed a proxy statement/prospectus and proxy card starting December 12, 2025, with instructions to vote, access materials online, or request paper copies.

The board is recommending a FOR vote on issuing Heritage common stock to complete the merger with Olympic Bancorp and on a proposal that would allow adjournment of the meeting to solicit additional proxies if needed. The communication explains how registered and beneficial owners will receive and return proxy cards and stresses that brokerage proxy cards must be returned through the proper channels.

The report also includes extensive forward-looking statement and risk disclosures, outlining uncertainties that could affect completion and integration of the merger, including shareholder approvals, regulatory approvals, integration challenges and potential dilution from issuing additional Heritage common stock. It notes that Heritage will file a Form S-4 registration statement with a joint proxy statement/prospectus, which shareholders are advised to read when available.

Heritage Financial Corp. (HFWA) reported an insider stock transaction by its President on a Form 4. On 11/20/2025, the officer acquired 19,106 shares of common stock in a transaction coded "P" (a purchase) at a price of $22.32 per share.

Following this purchase, the President beneficially owned 31,363 shares, held indirectly through a 401(k) plan. This filing reflects a change in the executive’s equity holdings and provides transparency into insider ownership.

HFWA reported stronger year-to-date results for the nine months ended September 30, 2025. Net income was $10,115, up from $5,037 a year ago, as lower interest expense and a credit loss reversal of $429 lifted earnings. Basic earnings per share rose to $63.50 from $31.62.

Net interest income increased to $38,106 from $36,197, while total non-interest income rose to $12,593 from $8,938, aided by higher “other” income and gains on asset sales. Non-interest expense grew to $39,062 from $36,515. Book value per share improved to $897.96 and tangible book value per share to $790.57.

The balance sheet shows total assets of $1,667,890. Net loans increased to $893,790 and total deposits to $1,420,746. Borrowings declined, with Federal Home Loan Bank advances and other borrowed money at $30,000 versus $128,540 a year earlier. Accumulated other comprehensive loss narrowed to $(48,141), and total shareholders’ equity rose to $143,026.

Heritage Financial (HFWA) reported stronger Q3 2025 results. Net income rose to $19,169 and diluted EPS was $0.55. Net interest income increased to $57,371 as deposit and borrowing costs eased versus last year, while the provision for credit losses was $1,775. Noninterest income improved to $8,325, helped by the absence of security sale losses seen in the prior year period.

For the nine months, net income reached $45,295. On the balance sheet, total deposits were $5,857,464 and borrowings declined to $138,000 from $383,000 at year-end. Stockholders’ equity increased to $904,064, aided by an improvement in accumulated other comprehensive loss to $(33,446). Loans receivable, net were $4,715,186. The report also references a proposed merger with Olympic in the risk and overview sections.