secwatch.observer — SEC 8-K summary
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Issuer:     HERITAGE FINANCIAL CORP /WA/ (HFWA)
CIK:        0001046025
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001046025-24-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046025/000104602524000002/0001046025-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046025/000104602524000002/hfwa-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001046025-24-000002

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