secwatch.observer — SEC 8-K summary
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Issuer:     HERITAGE FINANCIAL CORP /WA/ (HFWA)
CIK:        0001046025
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001046025-24-000159
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046025/000104602524000159/0001046025-24-000159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046025/000104602524000159/hfwa-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001046025-24-000159

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer