Heritage Financial Corp director Karen R. Saunders exercised restricted stock units into common shares. On May 1, 2026, she converted 2,218 Restricted Stock Units into 2,218 shares of Common Stock at a reference price of $27.61 per share. All shares are held directly, and this filing shows an exercise-and-hold transaction with no reported share sale.
HERITAGE FINANCIAL CORP director Frederick B. Rivera exercised restricted stock units into common shares. He converted 2,218 restricted stock units into 2,218 shares of common stock at $27.61 per share. Following the transaction, he directly holds 7,190 shares of Heritage Financial common stock and no remaining RSUs from this grant.
HERITAGE FINANCIAL CORP (HFWA) director Kimberly T. Ellwanger exercised restricted stock units into common stock. On May 1, 2026, 2,218 restricted stock units converted into 2,218 shares of common stock at an indicated value of $27.61 per share. Following this derivative exercise, Ellwanger directly owns 35,037 shares of common stock. The filing shows no open-market sales, only the conversion of a derivative security into common shares, with no remaining derivative position reported in this Form 4.
Heritage Financial Corp/WA reported that Vanguard Capital Management disclosed beneficial ownership of 2,157,518 shares of Common Stock, representing 5.24% of the class. The filing states Vanguard has sole dispositive power over 2,157,518 shares and sole voting power over 309,612 shares. The Schedule 13G lists Vanguard Capital Management and affiliated business divisions and notes these holdings include shares held for Vanguard funds and managed accounts.
BlackRock, Inc. filed an amendment on Schedule 13G/A reporting beneficial ownership of 5,464,986 shares of Heritage Financial Corp common stock, equal to 13.3% of the class.
The filing shows sole voting power of 5,408,228 and sole dispositive power of 5,464,986. It notes that iShares Core S&P Small-Cap ETF has an interest above 5%. The form is signed by Spencer Fleming on 04/24/2026.
Heritage Financial Corporation reported first quarter 2026 results reflecting merger-driven growth and higher margins. Net income was $18.9 million, or $0.48 per diluted share, compared with $22.2 million, or $0.65, in the prior quarter and $13.9 million, or $0.40, a year earlier. Adjusted diluted earnings per share were $0.59 versus $0.66 in the prior quarter and $0.49 a year ago.
Total assets reached $8.50 billion at March 31, 2026, up 22.0% from $6.97 billion, largely from the $1.6 billion acquisition of Olympic Bancorp, Inc., which added $954.3 million of loans and $1.39 billion of deposits. Loans receivable increased 19.6% to $5.72 billion and total deposits rose 22.4% to $7.25 billion.
Net interest margin expanded to 3.96%, from 3.72% in the fourth quarter of 2025 and 3.44% a year earlier, helped by higher loan yields and lower deposit costs. The allowance for credit losses on loans was 1.06% of loans, while nonperforming assets were 0.19% of total assets. Capital remained strong, with a common equity tier 1 capital ratio of 12.2% and a total capital ratio of 13.5%. The board declared a regular quarterly cash dividend of $0.24 per share, payable May 20, 2026 to shareholders of record on May 6, 2026.
Heritage Financial Corporation filed an amended current report to add audited 2025–2024 financial statements for acquired subsidiary Olympic Bancorp, Inc. and unaudited pro forma combined results. The amendment is mainly administrative; the Olympic acquisition itself was previously completed under a September 25, 2025 merger agreement.
Olympic Bancorp reported total assets of $1.65 billion and deposits of $1.40 billion as of December 31, 2025. Net income rose to $12.4 million in 2025 from $5.2 million in 2024, supported by net interest income of $50.6 million and noninterest income of $16.0 million. Capital ratios at the bank level remained well above “well-capitalized” regulatory thresholds.
Dimensional Fund Advisors reports beneficial ownership of 1,956,477 shares of Heritage Financial Corp. The filing shows a 4.8% stake as of 03/31/2026, with sole voting power over 1,917,302 shares and sole dispositive power over 1,956,477 shares. The filing clarifies the shares are owned by affiliated Funds and Dimensional disclaims direct beneficial ownership.
Heritage Financial Corp: The Vanguard Group filed an amended Schedule 13G/A reporting 0 shares of Common Stock and 0% ownership. The filing explains that, following an internal realignment on January 12, 2026, certain Vanguard subsidiaries now report beneficial ownership separately in reliance on SEC Release No. 34-39538.
The amendment is a disclosure of ownership structure and does not state any purchases or sales; it records that Vanguard no longer is deemed to beneficially own the shares held by those disaggregated subsidiaries.
Heritage Financial Corporation reported a cybersecurity incident involving an internal file share server used by employees, where files were exfiltrated and may contain personal information. The company stated that bank customer accounts, customer systems, and operations were not impacted, and business has continued in the ordinary course.
The company activated its incident response plan, took the affected system offline, and engaged external forensic and legal experts. It also notified banking regulators, law enforcement, and its cyber insurance carrier. As of this report, Heritage Financial has not determined the incident to be material or likely to have a material impact on its financial condition or results.