Highest-materiality recent filing
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 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
Received approvals from FDIC, Washington DFI, and Federal Reserve (non-objection) for merger of Olympic Bancorp and Kitsap Bank into Heritage.
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 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 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.
Q1 2024 net income $5.7M ($0.16 diluted EPS) vs. $6.2M in Q4 2023 and $20.5M in Q1 2023.
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.
Max materiality 0.85 · Median 0.65 · Most common event earnings