Heritage Financial Q4 net income $22.5M ($0.64 EPS); net interest margin 3.98%, dividend raised to $0.22

HERITAGE FINANCIAL CORP /WA/

2022-FY EPS reported $2.31

Net income $22.5M, $0.64 diluted EPS, up from Q3 $21.0M ($0.59) and Q4 2021 $19.4M ($0.55).
Net interest margin 3.98% vs 3.57% Q3 and 2.85% Q4 2021; cost of total deposits 0.16%.
Loans rose $49.6M in Q4 (1.2%); 2022 loan growth $235.2M (6.2%) excluding $144.4M PPP repayments.
Regular cash dividend $0.22 per share, up 4.8% from $0.21; payable Feb 22, record Feb 8.
Expanded into Idaho with branch in Boise; funded $7.4M term loan for affordable housing with CHNW.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HERITAGE FINANCIAL CORP /WA/ reported the fourth quarter and year ended December 31, 2022 results: net income $22.5 million, EPS $0.64 per diluted share.

Period: the fourth quarter and year ended December 31, 2022
Net income: $22.5 million
EPS: $0.64 per diluted share
Result: reported results

Exact text from the filing

Heritage Financial Corporation (“Heritage”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2022.

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Source: SEC EDGAR

accession 0001046025-23-000013

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