Highest-materiality recent filing
Heritage Financial Q2 net income $17.5M ($0.42 EPS); dividend raised 4.2% to $0.25
Net income $17.5M vs $18.9M Q1 2026 and $12.2M Q2 2025; diluted EPS $0.42.
All 11 director nominees elected with strong support; top vote-getter Scott T. Allan received 33,115,522 for votes.
Heritage Financial Q1 net income $18.9M ($0.48 EPS); NIM expands to 3.96%; declares $0.24 dividend
Q1 2026 net income $18.9M ($0.48 diluted EPS) vs Q4 2025 $22.2M ($0.65) and Q1 2025 $13.9M ($0.40).
Heritage Financial completes Olympic Bancorp acquisition, adding $1.655B in assets
Merger effective January 31, 2026; Olympic shareholders receive $78.04 per share in cash and stock.
Heritage Financial detects cyber incident; files exfiltrated may contain personal info
Detected March 2, 2026; internal file share server compromised with exfiltration of files possibly containing personal information.
Heritage Financial completes acquisition of Olympic Bancorp, issuing ~7.17M shares
Merger completed January 31, 2026; Olympic merged into Heritage, Kitsap Bank into Heritage Bank.
Heritage Financial shareholders approve stock issuance for Olympic Bancorp merger
Stock issuance proposal approved with 27,081,202 votes for, 25,429 against, 42,699 abstain.
Heritage Financial Q4 net income $22.2M ($0.65 EPS); Olympic acquisition approved, closing Jan 31
Net income $22.2M ($0.65 diluted EPS) vs Q3 $19.2M ($0.55) and Q4 2024 $11.9M ($0.34); adjusted EPS $0.66
Heritage Financial declares $0.24 dividend, cites Olympic Bancorp merger for advance timing
Quarterly cash dividend of $0.24 per share declared; payable Feb 11, 2026; record date Jan 28, 2026.
Received approvals from FDIC, Washington DFI, and Federal Reserve (non-objection) for merger of Olympic Bancorp and Kitsap Bank into Heritage.
Heritage Financial appoints Scott T. Allan to board effective Jan 1, 2026
Scott T. Allan, age 60, appointed independent director; will serve on Audit and Risk & Technology Committees.
Heritage Financial Q3 net income $19.2M ($0.55 EPS), up from $12.2M; declares $0.24 dividend
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.
Heritage Financial to acquire Olympic Bancorp for ~$176.6M in stock
Olympic Bancorp shareholders receive 45.0 HFWA shares per share; implied total deal value ~$176.6M based on $24.64 close.
Heritage Financial Q2 2025 net income $12.2M ($0.36 EPS); adj. EPS $0.53; declares $0.24 dividend
Net income $12.2M, diluted EPS $0.36 vs $0.40 in Q1 2025 and $0.41 in Q2 2024.
Heritage Financial names Bryan McDonald President and CEO, Deuel retires
CEO Jeffrey Deuel retired May 6, 2025; Bryan McDonald named President and CEO and appointed to Board.
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.
Q4 2024 net income $11.9M ($0.34 diluted EPS) vs Q3 $11.4M ($0.33) and Q4 2023 $6.2M ($0.18).
Heritage Financial appoints Karen Saunders to board; director Gavin to retire at 2025 meeting
Deborah J. Gavin not standing for re-election at 2025 Annual Meeting; term expires then, no disagreement.
Heritage Financial Q3 net income $11.4M ($0.33 EPS) down from $14.2M in Q2; declares $0.23 dividend
Net income $11.4M, EPS $0.33 vs Q2 $14.2M/$0.41 and Q3 2023 $18.2M/$0.51.
Heritage Financial names Nicholas Bley as COO of Heritage Bank, effective Oct 28, 2024
Nicholas Bley named Executive VP and COO of Heritage Bank and Executive VP of Heritage, effective Oct 28, 2024.
Heritage Financial Q2 net income $14.2M ($0.41 EPS) up from $5.7M Q1; CEO succession plan
Net income $14.2M ($0.41 diluted EPS) vs $5.7M ($0.16) in Q1 2024; Q2 2023 net income $16.8M ($0.48).
Bryan McDonald named President and CEO of Heritage Bank effective July 1, 2024; continues as President of Heritage Financial.
Heritage Financial shareholders elect directors, approve say-on-pay, ratify Crowe as auditor
All 10 director nominees elected with substantial majorities; quorum of 28.6M shares out of 34.7M outstanding.
Q1 2024 net income $5.7M ($0.16 diluted EPS) vs. $6.2M in Q4 2023 and $20.5M in Q1 2023.
Director Eric K. Chan resigns from Heritage Financial Board effective Feb 6, 2024
Chan resigned due to new role as Chief Business and Strategy Officer at The Gap.
Heritage Financial Q4 net income drops to $6.2M ($0.18) from $18.2M; dividend raised 4.5% to $0.23
Net income of $6.2M ($0.18 diluted EPS) vs $18.2M ($0.51) in Q3 2023; includes $10.0M securities loss ($0.22/share) and $2.0M expense management costs.
Heritage Financial Q3 net income $18.2M ($0.51 EPS), deposits up $39.6M, declares $0.22 dividend
Net income $18.2M ($0.51 diluted EPS) vs $16.8M ($0.48) in Q2 2023 and $21.0M ($0.59) in Q3 2022.
Heritage Financial Q2 net income $16.8M, EPS $0.48; net interest margin 3.56%, down from 3.91% QoQ
Net income $16.8M ($0.48 diluted EPS) vs Q1 $20.5M ($0.58) and Q2 2022 $18.6M ($0.52).
Heritage Financial annual meeting results: all five proposals approved by shareholders
11 directors elected with for votes ranging from 24.2M to 24.9M; no close races.
Heritage Financial Q1 EPS $0.58 (down from $0.64 Q4), NIM 3.91%, declares $0.22 dividend
Net income $20.5M ($0.58 diluted EPS) vs $22.5M ($0.64) in Q4 2022 and $19.8M ($0.56) in Q1 2022.
Net income $22.5M, $0.64 diluted EPS, up from Q3 $21.0M ($0.59) and Q4 2021 $19.4M ($0.55).
Heritage Financial appoints Eric Chan to Board of Directors effective Jan 1, 2023
Eric K. Chan, CFO of the Los Angeles Clippers, appointed to Heritage and Heritage Bank boards.
Heritage Financial Q3 net income $21M, EPS $0.59; net interest margin expands to 3.57%
Net income $21.0M ($0.59 diluted EPS) vs $18.6M ($0.52) in Q2 2022 and $20.6M ($0.58) in Q3 2021.
Heritage Financial CBO Cindy Hirman to retire April 3, 2023; transition agreement signed
Chief Banking Officer Cindy M. Hirman will retire effective April 3, 2023, with a transition period starting January 1, 2023.
Heritage Financial Q2 net income $18.6M, EPS $0.52; NIM expands to 3.04%
Net income of $18.6M ($0.52 diluted EPS) vs $19.8M ($0.56) in Q1 2022 and $32.7M ($0.90) in Q2 2021.
Heritage Financial shareholders elect all 12 directors, approve say-on-pay and auditor
All 12 director nominees elected with 24.3M to 24.9M votes for; terms expire 2023.
Heritage Financial Q1 net income $19.8M, EPS $0.56; dividend $0.21
Net income $19.8M vs $19.4M Q4'21 and $25.3M Q1'21; diluted EPS $0.56 vs $0.55 and $0.70.
Director Gragg E. Miller will not stand for re-election at Heritage Financial's 2022 annual meeting
Miller informed Heritage in writing on March 11, 2022 of his decision.
Heritage Financial Q4 net income $19.4M ($0.55 EPS); declares $0.21 dividend
Net income $19.4M ($0.55 diluted EPS) in Q4 2021 vs $23.9M ($0.66) in Q4 2020; FY2021 net income $98.0M ($2.73) vs $46.6M ($1.29) in 2020.
Heritage Financial appoints Trevor Dryer and Gail Giacobbe to board effective Jan 1, 2022
Trevor Dryer appointed to Audit and Risk Committees; former CEO of fintech Mirador.
Heritage Financial Q3 net income $20.6M, diluted EPS $0.58; dividend raised to $0.21
Net income $20.6M ($0.58 diluted EPS) vs $32.7M ($0.90) in Q2 2021 and $16.6M ($0.46) in Q3 2020.
Heritage Financial Q2 net income $32.7M ($0.90 EPS); declares $0.20 dividend; plans branch closures
Net income $32.7M ($0.90 diluted EPS) vs $25.3M in Q1 2021 and net loss $6.1M in Q2 2020.
Heritage Bank promotes Bryan D. McDonald to President and COO effective July 1, 2021
Bryan McDonald, age 49, named President & COO of Heritage Bank, effective July 1, 2021.
the Board of Directors ("Board") of Heritage, upon the recommendation of the Governance and Nominating Committee of the Board, approved the appointment of Mr. McDonald to the Board, effective May 6, 2025.
Jeffrey J. Deuel, who had held the title of CEO of Heritage since 2019, retired from his role as CEO effective May 6, 2025
Bryan D. McDonald, age 53, who has held the title of President of Heritage and President and CEO of Heritage Bank since July 1, 2024, succeeded Mr. Deuel as President and CEO of Heritage and its wholly-owned banking subsidiary, Heritage Bank, effective May 6, 2025.
Heritage Financial Corporation, Olympia, Washington (“Heritage”), the parent company of Heritage Bank, issued a press release on October 23, 2024, announcing that Nicholas Bley will become the Executive Vice President and Chief Operating Officer of Heritage Bank and Executive Vice President of Heritage.
Jeffrey J. Deuel, who has served as CEO of Heritage Bank since 2018 and CEO of Heritage since 2019, will remain CEO of Heritage until May 2025, at which time he will be become a non-officer employee of Heritage.
Bryan D. McDonald, age 52, who has held the position of Chief Operating Officer of Heritage Bank since 2018, will succeed Mr. Deuel as President of Heritage and CEO of Heritage Bank effective immediately.
On February 6, 2024, Heritage Financial Corporation (“Company”) accepted the resignation of Director Eric K. Chan from the Boards of Directors of the Company and Heritage Bank.
the Board of Directors (“Board”) of Heritage Financial Corporation (“Heritage”) approved the appointment of Eric Chan to the Heritage Board effective January 1, 2023.
Heritage Financial Corporation, Olympia, Washington (“Heritage”), the parent company of Heritage Bank entered into an agreement on September 26, 2022 for the planned retirement of Cindy M. Hirman (formerly Cindy Huntley), its chief banking officer with her retirement to become effective on April 3, 2023.
Gragg E. Miller, a member of the boards of directors (the “Boards”) of Heritage and the Bank, informed Heritage in writing that he would not stand for re-election as a member of the Heritage’s Board at Heritage’s 2022 Annual Meeting of Shareholders (“Annual Meeting”).
the appointment of Trevor Dryer and Gail Giacobbe to the Heritage Board effective January 1, 2022.
the appointment of Trevor Dryer and Gail Giacobbe to the Heritage Board effective January 1, 2022.
Max materiality 0.85 · Median 0.60 · Most common event earnings