secwatch.observer — SEC 8-K summary
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Issuer:     HERITAGE FINANCIAL CORP /WA/ (HFWA)
CIK:        0001046025
Form:       8-K
Filed at:   2021-07-23T23:59:59+00:00
Accession:  0001046025-21-000149
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Financial Q2 net income $32.7M ($0.90 EPS); declares $0.20 dividend; plans branch closures
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- Net income $32.7M ($0.90 diluted EPS) vs $25.3M in Q1 2021 and net loss $6.1M in Q2 2020.
- Reversal of provision for credit losses $14.0M vs reversal $7.2M in Q1; NPA ratio 0.50% vs 0.75% prior quarter.
- Declared regular cash dividend $0.20/share, payable Aug 18, record Aug 4.
- Announced closure/consolidation of four branches on Oct 29, reducing branch count from 62 to 49 (21% reduction).
- Noninterest demand deposits 37.2% of total deposits; capital strong with Tier 1 leverage 9.1%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046025/000104602521000149/0001046025-21-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046025/000104602521000149/hfwa-20210722.htm
  HTML page:      https://secwatch.observer/filing/0001046025-21-000149

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer