---
schema_version: "secwatch.filing_event.v1"
accession: "0001046025-23-000188"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T19:35:33.273693+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Heritage Financial Q3 net income $18.2M ($0.51 EPS), deposits up $39.6M, declares $0.22 dividend

## Summary
- Net income $18.2M ($0.51 diluted EPS) vs $16.8M ($0.48) in Q2 2023 and $21.0M ($0.59) in Q3 2022.
- Loans receivable increased $15.5M; nonaccrual loans at 0.07% of total loans.
- Total deposits grew $39.6M; cost of total deposits rose to 0.83% from 0.61% QoQ.
- Net interest margin 3.47% vs 3.56% Q2; capital leverage ratio 9.9%, total capital 14.1%.
- Declared regular cash dividend $0.22 per share, payable Nov 15 to holders of record Nov 1.

## SEC filing metadata
- accession: 0001046025-23-000188
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046025/000104602523000188/0001046025-23-000188-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000104602523000188/hfwa-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046025-23-000188
- JSON: https://secwatch.observer/filing/0001046025-23-000188.json
- Plain text: https://secwatch.observer/filing/0001046025-23-000188.txt

## Key facts
- Earnings Releases
  HERITAGE FINANCIAL CORP /WA/ reported the quarter ended September 30, 2023 results: net income $18.2 million, EPS $0.51 per diluted share.
  - Period: the quarter ended September 30, 2023
  - Net income: $18.2 million
  - EPS: $0.51 per diluted share
  - Result: reported results
  source text: Heritage Financial Corporation (“Heritage”) issued a press release announcing its financial results for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046025/000104602523000188/0001046025-23-000188-index.htm

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