---
schema_version: "secwatch.filing_event.v1"
accession: "0001046025-25-000082"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T06:37:36.418172+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001046025-25-000082
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2025-04-24T23:59:59+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/1046025/000104602525000082/0001046025-25-000082-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000104602525000082/hfwa-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001046025-25-000082
- JSON: https://secwatch.observer/filing/0001046025-25-000082.json
- Plain text: https://secwatch.observer/filing/0001046025-25-000082.txt

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