secwatch.observer — SEC 8-K summary
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Issuer:     HERITAGE FINANCIAL CORP /WA/ (HFWA)
CIK:        0001046025
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001046025-23-000084
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Financial Q1 EPS $0.58 (down from $0.64 Q4), NIM 3.91%, declares $0.22 dividend
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- Net income $20.5M ($0.58 diluted EPS) vs $22.5M ($0.64) in Q4 2022 and $19.8M ($0.56) in Q1 2022.
- Loans increased $76.6M (1.9%, 7.7% annualized) vs Q4; loan-to-deposit ratio 71.3%.
- Net interest margin 3.91% vs 3.98% Q4 and 2.84% Q1 2022; cost of deposits rose to 0.31% from 0.16%.
- Nonperforming assets to total assets fell to 0.07% from 0.08% Q4; leverage ratio 9.9%, total capital 14.1%.
- Declared $0.22 per share quarterly cash dividend, payable May 18, record May 4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046025/000104602523000084/0001046025-23-000084-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046025/000104602523000084/hfwa-20230420.htm
  HTML page:      https://secwatch.observer/filing/0001046025-23-000084

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