---
schema_version: "secwatch.filing_event.v1"
accession: "0001046025-24-000082"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:11:00.907455+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Heritage Financial Reports Q1 2024 Net Income of $5.7M, Declares $0.23 Dividend and Authorizes 1.7M Share Buyback

## Summary
- Q1 2024 net income $5.7M ($0.16 diluted EPS) vs. $6.2M in Q4 2023 and $20.5M in Q1 2023.
- Incurred $10M pre-tax loss on sale of securities ($0.22 per share impact) and $1.1M severance costs for balance sheet repositioning and expense management.
- Loans increased $92.5M (2.1%) in Q1 2024; net interest margin 3.32% (down from 3.41%); cost of total deposits rose to 1.19% from 1.01%.
- Declared regular quarterly cash dividend of $0.23 per share, payable May 22, 2024 to shareholders of record May 8, 2024.
- Board authorized repurchase of up to 5% of outstanding shares (approx. 1.7 million shares) under new stock repurchase program.

## SEC filing metadata
- accession: 0001046025-24-000082
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046025/000104602524000082/0001046025-24-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000104602524000082/hfwa-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046025-24-000082
- JSON: https://secwatch.observer/filing/0001046025-24-000082.json
- Plain text: https://secwatch.observer/filing/0001046025-24-000082.txt

## Key facts
- Earnings Releases
  HERITAGE FINANCIAL CORP /WA/ reported the quarter ended March 31, 2024 results: net income $5.7 million, EPS $0.16 per diluted share.
  - Period: the quarter ended March 31, 2024
  - Net income: $5.7 million
  - EPS: $0.16 per diluted share
  - Result: reported results
  source text: Heritage Financial Corporation (“Heritage”) issued a press release announcing its financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046025/000104602524000082/0001046025-24-000082-index.htm

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