secwatch.observer — SEC 8-K summary
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Issuer:     HERITAGE FINANCIAL CORP /WA/ (HFWA)
CIK:        0001046025
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0001046025-22-000007
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046025/000104602522000007/0001046025-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046025/000104602522000007/hfwa-20220127.htm
  HTML page:      https://secwatch.observer/filing/0001046025-22-000007

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