---
schema_version: "secwatch.filing_event.v1"
accession: "0001046025-22-000007"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2022-01-27T23:59:59+00:00"
generated_at: "2026-06-27T14:38:27.436072+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Heritage Financial Q4 net income $19.4M ($0.55 EPS); declares $0.21 dividend

## Summary
- Net income $19.4M ($0.55 diluted EPS) in Q4 2021 vs $23.9M ($0.66) in Q4 2020; FY2021 net income $98.0M ($2.73) vs $46.6M ($1.29) in 2020.
- Reversal of provision for credit losses of $5.0M in Q4 vs $3.1M in Q3 2021 and Q4 2020; NPAs/Total assets improved to 0.32% from 0.88%.
- New commercial loan commitments $329.2M in Q4, up from $270.8M in Q3 and $164.5M in Q4 2020.
- Declared regular quarterly cash dividend of $0.21/share, payable Feb 23 to holders of record Feb 9.
- Net interest margin declined to 2.85% from 3.15% (Q3 2021) and 3.53% (Q4 2020); efficiency ratio rose to 66.61% from 60.50%.

## SEC filing metadata
- accession: 0001046025-22-000007
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2022-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046025/000104602522000007/0001046025-22-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000104602522000007/hfwa-20220127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046025-22-000007
- JSON: https://secwatch.observer/filing/0001046025-22-000007.json
- Plain text: https://secwatch.observer/filing/0001046025-22-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.