---
schema_version: "secwatch.filing_event.v1"
accession: "0001046025-25-000008"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2025-01-23T23:59:59+00:00"
generated_at: "2026-05-27T12:58:14.403252+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Heritage Financial Q4 net income $11.9M ($0.34 EPS); loan growth 2.6%, margin expands; dividend raised to $0.24/share

## Summary
- Q4 2024 net income $11.9M ($0.34 diluted EPS) vs Q3 $11.4M ($0.33) and Q4 2023 $6.2M ($0.18).
- Annual net income $43.3M ($1.24 EPS) down from $61.8M ($1.75) in 2023; securities losses of $22.7M pre-tax reduced EPS by $0.51.
- Loans receivable up $122.6M (2.6% sequential); net interest margin expanded to 3.39% from 3.33% in Q3.
- Cost of total deposits decreased to 1.39% from 1.42%; quarterly dividend increased 4.3% to $0.24/share, payable Feb 20.
- Incurred $3.9M pre-tax loss on securities sale to fund higher-yielding loan growth; BOLI restructuring added $2.9M after-tax costs.

## SEC filing metadata
- accession: 0001046025-25-000008
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2025-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046025/000104602525000008/0001046025-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000104602525000008/hfwa-20250123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046025-25-000008
- JSON: https://secwatch.observer/filing/0001046025-25-000008.json
- Plain text: https://secwatch.observer/filing/0001046025-25-000008.txt

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