secwatch.observer — SEC 8-K summary
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Issuer:     HERITAGE FINANCIAL CORP /WA/ (HFWA)
CIK:        0001046025
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001046025-23-000177
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046025/000104602523000177/0001046025-23-000177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046025/000104602523000177/hfwa-20230720.htm
  HTML page:      https://secwatch.observer/filing/0001046025-23-000177

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