---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-026904"
form_type: "8-K"
ticker: "HFWA"
cik: "0001046025"
company_name: "HERITAGE FINANCIAL CORP /WA/"
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:24:08.137690+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Heritage Financial Q1 net income $18.9M ($0.48 EPS); NIM expands to 3.96%; declares $0.24 dividend

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-026904
- form_type: 8-K
- ticker: HFWA
- cik: 0001046025
- company_name: HERITAGE FINANCIAL CORP /WA/
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046025/000162828026026904/0001628280-26-026904-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046025/000162828026026904/hfwa-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-026904
- JSON: https://secwatch.observer/filing/0001628280-26-026904.json
- Plain text: https://secwatch.observer/filing/0001628280-26-026904.txt

## Key facts
- Earnings Releases
  HERITAGE FINANCIAL CORP /WA/ reported first quarter 2026 results: net income $18.9 million, EPS $0.48 per diluted share.
  - Period: first quarter 2026
  - Net income: $18.9 million
  - EPS: $0.48 per diluted share
  - Result: reported results
  source text: Net income was $18.9 million, or $0.48 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046025/000162828026026904/0001628280-26-026904-index.htm

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