---
schema_version: "secwatch.filing_event.v1"
accession: "0001046025-24-000002"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T15:41:25.193408+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Heritage Financial Q4 net income drops to $6.2M ($0.18) from $18.2M; dividend raised 4.5% to $0.23

## Summary
- Net income of $6.2M ($0.18 diluted EPS) vs $18.2M ($0.51) in Q3 2023; includes $10.0M securities loss ($0.22/share) and $2.0M expense management costs.
- Book value per share rose to $24.44 from $23.31; tangible book value per share increased to $17.40 from $16.25.
- Loans receivable grew $68.8M (1.6%) in Q4; net interest margin was 3.41% vs 3.47% in Q3.
- Cost of total deposits increased to 1.01% from 0.83%; capital remains strong with leverage ratio 10.0%.
- Declared regular cash dividend of $0.23 per share, payable Feb 22, 2024 to shareholders of record Feb 8, 2024.

## SEC filing metadata
- accession: 0001046025-24-000002
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046025/000104602524000002/0001046025-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000104602524000002/hfwa-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046025-24-000002
- JSON: https://secwatch.observer/filing/0001046025-24-000002.json
- Plain text: https://secwatch.observer/filing/0001046025-24-000002.txt

## Key facts
- Earnings Releases
  HERITAGE FINANCIAL CORP /WA/ reported the quarter ended December 31, 2023 results: net income $6.2 million, EPS $0.18 per diluted share.
  - Period: the quarter ended December 31, 2023
  - Net income: $6.2 million
  - EPS: $0.18 per diluted share
  - Result: reported results
  source text: Net income was $6.2 million, or $0.18 per diluted share, for the fourth quarter of 2023 compared to $18.2 million, or $0.51 per diluted share, for the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046025/000104602524000002/0001046025-24-000002-index.htm

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