Heritage Financial Q1 EPS $0.40; NIM expands to 3.44%; deposits up 2.8%

HERITAGE FINANCIAL CORP /WA/

2025-Q1 EPS reported $0.40

Net income $13.9M ($0.40 diluted) vs $11.9M ($0.34) Q4 2024 and $5.7M ($0.16) Q1 2024.
Pre-tax loss $3.9M on sale of $60.9M securities; $28.2M reinvested at 4.55% yield.
Net interest margin 3.44% (up from 3.36%); cost of interest-bearing deposits fell to 1.92%.
Deposits grew $160.7M (2.8%) to $5.845B; hired three commercial bankers in Spokane, WA.
Regular cash dividend $0.24/share declared; payable May 21 to record May 7, 2025.

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