---
schema_version: "secwatch.filing_event.v1"
accession: "0001046025-23-000177"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:21:55.358919+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Heritage Financial Q2 net income $16.8M, EPS $0.48; net interest margin 3.56%, down from 3.91% QoQ

## Summary
- Net income $16.8M ($0.48 diluted EPS) vs Q1 $20.5M ($0.58) and Q2 2022 $18.6M ($0.52).
- Net interest margin fell to 3.56% from 3.91% QoQ; cost of total deposits rose to 0.61% from 0.31%.
- Total deposits decreased $193.5M (-3.3%) QoQ; loans receivable increased $123.9M (+3.0%).
- Nonperforming assets remain low at 0.07% of total assets; capital ratios solid (leverage 9.9%, total capital 14.1%).
- Declared regular cash dividend of $0.22 per share, payable Aug 16, 2023 to record Aug 2.

## SEC filing metadata
- accession: 0001046025-23-000177
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046025/000104602523000177/0001046025-23-000177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000104602523000177/hfwa-20230720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046025-23-000177
- JSON: https://secwatch.observer/filing/0001046025-23-000177.json
- Plain text: https://secwatch.observer/filing/0001046025-23-000177.txt

## Key facts
- Earnings Releases
  HERITAGE FINANCIAL CORP /WA/ reported second quarter of 2023 results: net income $16.8 million, EPS $0.48 per diluted share.
  - Period: second quarter of 2023
  - Net income: $16.8 million
  - EPS: $0.48 per diluted share
  - Result: reported results
  source text: Net income was $16.8 million, or $0.48 per diluted share, for the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046025/000104602523000177/0001046025-23-000177-index.htm

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