Business
Heritage Financial Announces First Quarter 2026 Results and Declares Regular Cash Dividend of $0.24 Per Share
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
About this update from Heritage Financial Corporation
[{"type":"text","content":"First Quarter 2026 Highlights","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"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.","length":143,"tagName":"p"}]},{"val":[{"type":"text","content":"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.","length":162,"tagName":"p"}]},{"val":[{"type":"text","content":"Net interest margin increased to 3.96%, an increase of 24 basis points from 3.72% for the fourth quarter of 2025.","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"Yield on loans increased to 5.73%, an increase of 19 basis points from 5.54% for the fourth quarter of 2025.","length":108,"tagName":"p"}]},{"val":[{"type":"text","content":"Cost of interest bearing deposits decreased to 1.71%, from 1.83% for the fourth quarter of 2025.","length":96,"tagName":"p"}]},{"val":[{"type":"text","content":"Declared a regular cash dividend of $0.24 per share on April 22, 2026.","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"Completed the acquisition of Olympic Bancorp, Inc. ("Olympic") on January 31, 2026.","length":98,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":795,"olType":false},{"type":"text","content":"OLYMPIA, Wash., April 23, 2026 /PRNewswire/ -- 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.","length":727,"tagName":"p"},{"type":"text","content":"Bryan McDonald, President and Chief Executive Officer of the Company, commented, "We successfully closed our strategic acquisition of Olympic Bancorp durin...