Machine learning predictions based on historical earnings data and price patterns
1-Day Prediction
-1.56%
$28.10
0% positive prob.
5-Day Prediction
-5.39%
$27.01
0% positive prob.
20-Day Prediction
-4.65%
$27.22
0% positive prob.
| Quarter | Signal | 1D Return | 5D Return | 20D Return | Confidence | Actual 5D |
|---|---|---|---|---|---|---|
| Q3 2026 | SELL | -1.56% | -5.39% | -4.65% | 100.0% | Pending |
| Q2 2026 | SELL | -1.73% | -5.65% | -4.61% | 97.0% | Pending |
| Q1 2026 | SELL | -1.34% | -6.46% | -5.06% | 100.0% | -0.65% |
| Q4 2025 | SELL | -0.60% | -5.96% | -5.97% | 100.0% | -9.45% |
SEC 8-K filings with transcript text
Oct 22, 2026 · 100% conf.
1D
-1.56%
$28.10
Act: +2.33%
5D
-5.39%
$27.01
20D
-4.65%
$27.22
2 a8-kexhibit991q326er.htm
Document
DATE: October 22, 2026
Heritage Financial Announces Third Quarter 2026 Results and Declares Regular Cash Dividend of $0.25 Per Share
Third Quarter 2026 Highlights
•Net income was $18.7 million, or $0.46 per diluted share, compared to $17.5 million, or $0.42 per diluted share, for the second quarter of 2026.
•Adjusted diluted earnings per share (1) were $0.55, compared to $0.57 in the second quarter of 2026.
•Net interest income increased $2.4 million, or 3.3% (13.0% annualized) from the prior quarter.
•Net interest margin increased to 4.05%, an increase of 6 basis points from 3.99% for the second quarter of 2026.
•Yield on loans increased to 5.76%, an increase of 4 basis points from 5.72% for the second quarter of 2026.
•Cost of interest bearing deposits decreased to 1.65%, from 1.67% for the second quarter of 2026.
•Loans receivable increased $133.5 million, or 2.3% (9.2% annualized), from the second quarter of 2026.
•Deposits increased $148.2 million, or 2.1% (8.4% annualized), from the second quarter of 2026.
•Approved a new stock repurchase program authorizing the repurchase of up to 5% of the Company's outstanding shares, or approximately 2.0 million shares.
•Declared a regular cash dividend of $0.25 per share on October 21, 2026.
Olympia, WA - Heritage Financial Corporation (Nasdaq GS: HFWA) (the “Company," ”we," or "us"), the parent company of Heritage Bank (the "Bank"), today reported net income of $18.7 million for the third quarter of 2026, compared to $17.5 million for the second quarter of 2026 and $19.2 million for the third quarter of 2025. Diluted earnings per share were $0.46 for the third quarter of 2026, compared to $0.42 for the second quarter of 2026 and $0.55 for the third quarter of 2025. Adjusted diluted earnings per share(1) were $0.55 for the third quarter of 2026, compared to $0.57 for the second quarter of 2026 and $0.56 for the third quarter of 2025.
During third quarter of 2026, the Company completed the core conversion of customer accounts of Kitsap Bank from the acquisition of its parent company Olympic Bancorp, Inc. (the "Merger") which closed on January 31, 2026. As a result of the core conversion and closure of two branches, the Company recognized Merger-related expenses of $5.2 million in the third quarter of 2026.
Bryan McDonald, President and Chief Executive Officer of the Company, commented, “We are pleased with the continued improvement in our net interest margin and growth in loans and deposits during the third quarter. In addition, we completed the successful conversion of the Kitsap Bank customers to the Heritage Bank system. This was an important step for Heritage to achieve full realization of cost savings from the Merger and operate with improved efficiency going forward.”
(1) Represents a non-GAAP financial measure. See “Non-GAAP Financial Measures” section for a reconciliation to the comparable GAAP financial measure.
1
Financial Highlights
The following table provides financial highlights as of the dates and for the periods indicated:
As of or for the Quarter Ended
September 30, 2026June 30, 2026September 30, 2025
(Dollars in thousands, except per share amounts)
Net income$18,720 $17,546 $19,169
Diluted earnings per share0.46 0.42 0.55
Adjusted diluted earnings per share(1) 0.55 0.57 0.56
Return on average assets(2) 0.88 %0.83 %1.09 %
Adjusted return on average assets(1)(2) 1.07 %1.12 %1.11 %
Return on average common equity(2) 6.71 6.33 8.52
Return on average tangible common equity(1)(2) 10.67 10.17 11.86
Adjusted return on average tangible common equity(1)(2) 12.75 13.29 12.16
Net interest margin(2) 4.05 3.99 3.64
Cost of total deposits(2) 1.19 1.21 1.37
Efficiency ratio71.6 76.5 63.3
Adjusted efficiency ratio(1) 62.2 63.9 61.9
Noninterest expense to average total assets(2) 2.90 3.06 2.36
Adjusted noninterest expense to average total assets(1)(2) 2.52 2.56 2.30
Total assets$8,517,934 $8,430,566 $7,011,879
Loans receivable 5,881,201 5,747,741 4,769,160
Total deposits7,186,934 7,038,706 5,857,464
Loan to deposit ratio(3) 81.8 %81.7 %81.4 %
Book value per share$26.71 $27.13 $26.62
Tangible book value per share(1) 18.74 19.15 19.46
(1) Represents a non-GAAP financial measure. See “Non-GAAP Financial Measures” section for a reconciliation to the comparable GAAP financial measure.
(2) Annualized.
(3) Loans receivable divided by total deposits.
Investment Securities
Total investment securities decreased $31.8 million, or 1.9%, to $1.60 billion at September 30, 2026, from $1.63 billion at June 30, 2026. There were investment maturities and repayments of $45.9 million and a $32.4 million increase in unrealized losses on available for sale securities during the third quarter of 2026. These decreases to carrying value were partially offset by investment security purchases of $46.1 million during the third quarter of 2026.
The following table summa
Jul 23, 2026 · 97% conf.
1D
-1.73%
$29.77
Act: -0.50%
5D
-5.65%
$28.58
20D
-4.61%
$28.89
2 a8-kexhibit991q226er.htm
Document
DATE: July 23, 2026
Heritage Financial Announces Second Quarter 2026 Results and Declares Regular Cash Dividend of $0.25 Per Share
Second Quarter 2026 Highlights
•Net income was $17.5 million, or $0.42 per diluted share, compared to $18.9 million, or $0.48 per diluted share, for the first quarter of 2026.
•Adjusted diluted earnings per share (1) was $0.57, compared to $0.59 in the first quarter of 2026.
•Net interest margin increased to 3.99%, an increase of 3 basis points from 3.96% for the first quarter of 2026.
•Cost of interest bearing deposits decreased to 1.67%, from 1.71% for the first quarter of 2026.
•Declared a regular cash dividend of $0.25 per share on July 22, 2026, an increase of 4.2% from the $0.24 regular cash dividend per share declared in the second quarter of 2026.
Olympia, WA - Heritage Financial Corporation (Nasdaq GS: HFWA) (the “Company," ”we," or "us"), the parent company of Heritage Bank (the "Bank"), today reported net income of $17.5 million for the second quarter of 2026, compared to $18.9 million for the first quarter of 2026 and $12.2 million for the second quarter of 2025. Diluted earnings per share was $0.42 for the second quarter of 2026, compared to $0.48 for the first quarter of 2026 and $0.36 for the second quarter of 2025. Adjusted diluted earnings per share(1) was $0.57 for the second quarter of 2026, compared to $0.59 for the first quarter of 2026 and $0.53 for the second quarter of 2025.
This is the first full quarter of financial results subsequent to the acquisition of Olympic Bancorp, Inc. (the "Merger") which closed on January 31, 2026. The Company recognized merger-related expenses of $7.5 million in the second quarter of 2026, compared to $5.2 million in the first quarter of 2026. After the systems conversion in the third quarter 2026, the Company will recognize additional cost savings.
Bryan McDonald, President and Chief Executive Officer of the Company, commented, "We are pleased with the continued improvement in our net interest margin and our strong credit quality metrics. Although loan growth was muted by higher prepayments in the second quarter, we saw strong loan origination and continue to maintain a solid loan pipeline. As our fixed rate loans reprice to higher yields, we expect that our net interest margin will continue to improve. The increase in net interest margin, as well as the expected cost savings from the acquisition, provides optimism for enhanced future earnings.”
(1) Represents a non-GAAP financial measure. See “Non-GAAP Financial Measures” section for a reconciliation to the comparable GAAP financial measure.
1
Financial Highlights
The following table provides financial highlights as of the dates and for the periods indicated:
As of or for the Quarter Ended
June 30, 2026March 31, 2026June 30, 2025
(Dollars in thousands, except per share amounts)
Net income$17,546 $18,947 $12,215
Diluted earnings per share0.42 0.48 0.36
Adjusted diluted earnings per share(1) 0.57 0.59 0.53
Return on average assets(2) 0.83 %0.97 %0.70 %
Adjusted return on average assets(1)(2) 1.12 %1.18 %1.03 %
Return on average common equity(2) 6.33 7.32 5.57
Return on average tangible common equity(1)(2) 10.17 11.14 7.85
Adjusted return on average tangible common equity(1)(2) 13.29 13.36 11.59
Net interest margin(2) 3.99 3.96 3.51
Cost of total deposits(2) 1.21 1.25 1.40
Efficiency ratio76.5 72.6 72.7
Adjusted efficiency ratio(1) 63.9 63.3 64.4
Noninterest expense to average total assets(2) 3.06 2.89 2.34
Adjusted noninterest expense to average total assets(1)(2) 2.56 2.52 2.32
Total assets$8,430,566 $8,498,404 $7,070,641
Loans receivable 5,747,741 5,722,238 4,774,855
Total deposits7,038,706 7,248,537 5,784,413
Loan to deposit ratio(3) 81.7 %78.9 %82.5 %
Book value per share$27.13 $27.05 $26.16
Tangible book value per share(1) 19.15 19.07 18.99
(1) Represents a non-GAAP financial measure. See “Non-GAAP Financial Measures” section for a reconciliation to the comparable GAAP financial measure.
(2) Annualized.
(3) Loans receivable divided by total deposits.
Investment Securities
Total investment securities decreased $36.1 million, or 2.2%, to $1.63 billion at June 30, 2026, from $1.67 billion at March 31, 2026. The Company sold $38.1 million of investment securities at a pre-tax loss of $217,000 during the quarter. In addition, there were investment maturities and repayments of $35.8 million and a $6.4 million increase in unrealized losses on available for sale securities during the second quarter of 2026. These decreases to carrying value were partially offset by investment security purchases of $44.0 million during the second quarter of 2026.
The following table summarizes the composition of the Company's investment securities portfolio at the dates indicated:
June 30, 2026March 31, 2026Change
Balance% of TotalBalance% of Total$%
(Dollars in thousands)
Apr 23, 2026 · 100% conf.
1D
-1.34%
$27.33
Act: -4.73%
5D
-6.46%
$25.91
Act: -0.65%
20D
-5.06%
$26.30
Act: -2.02%
2 a8-kexhibit991q126er.htm
Document
DATE: April 23, 2026
Heritage Financial Announces First Quarter 2026 Results and Declares Regular Cash Dividend of $0.24 Per Share
First Quarter 2026 Highlights
•Net income was $18.9 million, or $0.48 per diluted share, compared to $22.2 million, or $0.65 per diluted share for the fourth quarter of 2025.
•Excluding merger-related costs, net income was $0.59 per adjusted diluted share(1), compared to $0.66 per adjusted diluted share(1) in the fourth quarter of 2025.
•Net interest margin increased to 3.96%, an increase of 24 basis points from 3.72% for the fourth quarter of 2025.
•Yield on loans increased to 5.73%, an increase of 19 basis points from 5.54% for the fourth quarter of 2025.
•Cost of interest bearing deposits decreased to 1.71%, from 1.83% for the fourth quarter of 2025.
•Declared a regular cash dividend of $0.24 per share on April 22, 2026.
•Completed the acquisition of Olympic Bancorp, Inc. ("Olympic") on January 31, 2026.
Olympia, WA - Heritage Financial Corporation (Nasdaq GS: HFWA) (the “Company," ”we," or "us"), the parent company of Heritage Bank (the "Bank"), today reported net income of $18.9 million for the first quarter of 2026, compared to $22.2 million for the fourth quarter of 2025 and $13.9 million for the first quarter of 2025. Diluted earnings per share were $0.48 for the first quarter of 2026, compared to $0.65 for the fourth quarter of 2025 and $0.40 for the first quarter of 2025. Adjusted diluted earnings per share(1) were $0.59 for the first quarter of 2026, compared to $0.66 for the fourth quarter of 2025 and $0.49 for the first quarter of 2025.
Bryan McDonald, President and Chief Executive Officer of the Company, commented, "We successfully closed our strategic acquisition of Olympic Bancorp during the first quarter. This acquisition provides us with a stronger market position in the Puget Sound region, and has contributed to our improved profitability and net interest margin in the quarter. We are on track to complete the system conversion by the end of the third quarter 2026 at which time we will begin to recognize further cost savings, which aligns with our original timeline.”
“We are pleased with our operating results for the first quarter and remain focused on maintaining our strong banking organization with sustainable growth and prudent risk management which allows us to generate strong capital returns for our shareholders.”
(1) Represents a non-GAAP financial measure. See “Non-GAAP Financial Measures” section for a reconciliation to the comparable GAAP financial measure.
1
Financial Highlights
The following table provides financial highlights as of the dates and for the periods indicated:
As of or for the Quarter Ended
March 31, 2026December 31, 2025March 31, 2025
(Dollars in thousands, except per share amounts)
Net income$18,947 $22,237 $13,911
Diluted earnings per share0.48 0.65 0.40
Adjusted diluted earnings per share(1) 0.59 0.66 0.49
Return on average assets(2) 0.97 %1.27 %0.79 %
Return on average common equity(2) 7.32 9.68 6.51
Return on average tangible common equity(1)(2) 11.14 13.33 9.22
Adjusted return on average tangible common equity(1)(2) 13.36 13.51 11.21
Net interest margin(2) 3.96 3.72 3.44
Cost of total deposits(2) 1.25 1.32 1.38
Efficiency ratio72.6 62.5 71.9
Adjusted efficiency ratio(1) 63.3 61.5 66.8
Noninterest expense to average total assets(2) 2.89 2.37 2.36
Adjusted noninterest expense to average total assets(1)(2) 2.52 2.33 2.35
Total assets$8,498,404 $6,967,350 $7,129,862
Loans receivable 5,722,238 4,783,266 4,764,848
Total deposits7,248,537 5,920,199 5,845,335
Loan to deposit ratio(3) 78.9 %80.8 %81.5 %
Book value per share$27.05 $27.13 $25.85
Tangible book value per share(1) 19.07 19.98 18.70
(1) Represents a non-GAAP financial measure. See “Non-GAAP Financial Measures” section for a reconciliation to the comparable GAAP financial measure.
(2) Annualized.
(3) Loans receivable divided by total deposits.
Acquisition of Olympic Bancorp, Inc. (the "Merger")
On January 31, 2026, the Company completed the acquisition of Olympic, the holding company for Kitsap Bank. As of the acquisition date, Olympic was merged with and into Heritage and Kitsap Bank was merged with and into Heritage Bank.
Pursuant to the Agreement and Plan of Merger, each issued and outstanding share of Olympic capital stock was exchanged for 45.0 shares of Heritage common stock, with cash paid in lieu of fractional shares. After the Merger was completed, based on the number of issued and outstanding shares of Olympic capital stock on January 30, 2026 (the trading day immediately preceding the completion of the Merger), 7,167,600 shares of Heritage common stock were issued as Merger consideration. Based on the closing price of Heritage common stock on Nasdaq as of January 30, 2026 of $25.81, the Merger consideration that an Olympic shareholder was entitled to
This page provides Heritage Financial Corporation (HFWA) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on HFWA's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.