---
schema_version: "secwatch.filing_event.v1"
accession: "0001046025-24-000159"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:09:06.026652+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Heritage Financial Q2 net income $14.2M ($0.41 EPS) up from $5.7M Q1; CEO succession plan

## Summary
- Net income $14.2M ($0.41 diluted EPS) vs $5.7M ($0.16) in Q1 2024; Q2 2023 net income $16.8M ($0.48).
- Loans receivable increased $104.5M (2.4% QoQ); net interest margin 3.29% vs 3.32% prior quarter.
- Cost of total deposits rose to 1.34% from 1.19% Q1; loss on sale of securities $1.9M ($0.04/share).
- CEO succession: Bryan McDonald named President of HFWA and CEO of Heritage Bank effective July 1; Jeff Deuel remains CEO until May 6, 2025.
- Regular cash dividend $0.23 per share declared, payable Aug 21 to holders of record Aug 7.

## SEC filing metadata
- accession: 0001046025-24-000159
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1046025/000104602524000159/0001046025-24-000159-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000104602524000159/hfwa-20240725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046025-24-000159
- JSON: https://secwatch.observer/filing/0001046025-24-000159.json
- Plain text: https://secwatch.observer/filing/0001046025-24-000159.txt

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