---
schema_version: "secwatch.filing_event.v1"
accession: "0001046025-23-000013"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:01:30.216925+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001046025-23-000013
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046025/000104602523000013/0001046025-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000104602523000013/hfwa-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046025-23-000013
- JSON: https://secwatch.observer/filing/0001046025-23-000013.json
- Plain text: https://secwatch.observer/filing/0001046025-23-000013.txt

## Key facts
- Earnings Releases
  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
  source text: Heritage Financial Corporation (“Heritage”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046025/000104602523000013/0001046025-23-000013-index.htm

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