secwatch.observer — SEC 8-K summary
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Issuer:     HERITAGE FINANCIAL CORP /WA/ (HFWA)
CIK:        0001046025
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001046025-24-000175
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Financial Q3 net income $11.4M ($0.33 EPS) down from $14.2M in Q2; declares $0.23 dividend
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- Net income $11.4M, EPS $0.33 vs Q2 $14.2M/$0.41 and Q3 2023 $18.2M/$0.51.
- Includes pre-tax loss of $6.9M on sale of securities ($0.16 EPS hit) from strategic balance sheet repositioning.
- Loans grew $146.9M (3.2% sequentially, 12.9% annualized); deposits increased $192.8M (3.5% seq.).
- Net interest margin expanded to 3.33% from 3.29% in Q2; cost of total deposits 1.42% vs 1.34%.
- Declared regular cash dividend of $0.23 per share, payable Nov 20 to holders of record Nov 6.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046025/000104602524000175/0001046025-24-000175-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046025/000104602524000175/hfwa-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001046025-24-000175

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