earnings
confidence high
sentiment positive
materiality 0.70
Heritage Financial Q3 net income $20.6M, diluted EPS $0.58; dividend raised to $0.21
HERITAGE FINANCIAL CORP /WA/
2021-Q3 EPS reported
$2.18
- Net income $20.6M ($0.58 diluted EPS) vs $32.7M ($0.90) in Q2 2021 and $16.6M ($0.46) in Q3 2020.
- Reversal of provision for credit losses $3.1M vs $14.0M reversal in Q2 2021 and $2.7M provision in Q3 2020.
- Nonperforming assets to total assets ratio improved to 0.36% from 0.50% at Q2 2021 and 0.88% at Dec 2020.
- Declared Q4 cash dividend $0.21 per share, up 5% from $0.20 prior quarter; payable Nov 17, record Nov 3.
- Repurchased 841,088 shares at weighted-average price $24.54 during Q3.