secwatch.observer — SEC 8-K summary
======================================

Issuer:     HERITAGE FINANCIAL CORP /WA/ (HFWA)
CIK:        0001046025
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001046025-25-000082
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 Q1 EPS $0.40; NIM expands to 3.44%; deposits up 2.8%
-----------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1046025/000104602525000082/0001046025-25-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1046025/000104602525000082/hfwa-20250424.htm
  HTML page:      https://secwatch.observer/filing/0001046025-25-000082

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