earnings
confidence high
sentiment neutral
materiality 0.65
Heritage Financial Q1 net income $18.9M ($0.48 EPS); NIM expands to 3.96%; declares $0.24 dividend
HERITAGE FINANCIAL CORP /WA/
2026-Q1 EPS reported
$0.48
- Q1 2026 net income $18.9M ($0.48 diluted EPS) vs Q4 2025 $22.2M ($0.65) and Q1 2025 $13.9M ($0.40).
- Adjusted diluted EPS (ex-merger costs) $0.59, vs $0.66 in Q4 2025 and $0.49 in Q1 2025.
- Net interest margin expanded 24 bps to 3.96%; yield on loans up 19 bps to 5.73%.
- Declared $0.24/share regular cash dividend, payable May 20, 2026 to holders of record May 6, 2026.
- Completed acquisition of Olympic Bancorp on Jan 31, 2026; system conversion expected by end of Q3 2026.