earnings
confidence high
sentiment positive
materiality 0.55
Heritage Financial Q3 net income $21M, EPS $0.59; net interest margin expands to 3.57%
HERITAGE FINANCIAL CORP /WA/
2022-Q3 EPS reported
$1.67
- Net income $21.0M ($0.59 diluted EPS) vs $18.6M ($0.52) in Q2 2022 and $20.6M ($0.58) in Q3 2021.
- Net interest margin increased to 3.57% from 3.04% in Q2; loans receivable grew $127.2M (3.3% quarterly).
- Cost of total deposits unchanged at 0.09%; nonperforming assets improved to 0.09% of total assets.
- Declared regular cash dividend of $0.21 per share, payable Nov 16, 2022 to holders of record Nov 2.
- Provided $37.8M in construction financing and tax credit equity for 85 affordable housing units in Seattle.