secwatch.observer — SEC 8-K summary
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Issuer:     HERITAGE FINANCIAL CORP /WA/ (HFWA)
CIK:        0001046025
Form:       8-K
Filed at:   2023-01-27T23:59:59+00:00
Accession:  0001046025-23-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046025/000104602523000013/0001046025-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046025/000104602523000013/hfwa-20230126.htm
  HTML page:      https://secwatch.observer/filing/0001046025-23-000013

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