---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-046050"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2025-10-23T23:59:59+00:00"
generated_at: "2026-05-17T02:25:08.568277+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Heritage Financial Q3 net income $19.2M ($0.55 EPS), up from $12.2M; declares $0.24 dividend

## Summary
- Net income of $19.2M ($0.55 diluted EPS) vs $12.2M ($0.36) in Q2 2025 and $11.4M ($0.33) in Q3 2024.
- Net interest margin expanded to 3.64% from 3.51% in Q2; deposit costs declined to 1.89% from 1.94%.
- Total deposits rose $73.1M (1.3%) from Q2; noninterest demand deposits up 2.1%.
- Regular cash dividend of $0.24 per share declared, payable Nov 19 to holders of record Nov 5.
- CEO confirmed pending acquisition of Olympic Bancorp (Kitsap Bank) expected to close in Q1 2026.

## SEC filing metadata
- accession: 0001628280-25-046050
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2025-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046025/000162828025046050/0001628280-25-046050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000162828025046050/hfwa-20251023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-046050
- JSON: https://secwatch.observer/filing/0001628280-25-046050.json
- Plain text: https://secwatch.observer/filing/0001628280-25-046050.txt

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