Heritage Financial Corporation (HFWA) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

everyone and a warm welcome to the Heritage Financial 2025 Q2 Earnings Call. My name is Emily and I'll be coordinating your call today. After the presentation you'll have the opportunity to ask any questions by pressing start followed by the number one on your telephone keypad. I would now like to hand the call over to our host Brian McDonald, President, to begin. Please go ahead. Thank you Emily. Welcome and good morning to everyone who called in. For those who may listen later, this is Brian McDonald, CEO of Heritage Financial. Attending with me are John Henson, Chief Financial Officer, and Tony Chalfant, Chief Credit Officer. Our second quarter earnings release went out this morning pre-market, and hopefully you have had an opportunity to review it prior to the call. We have also posted an updated second quarter investor presentation on the investor relations portion of our corporate website, which includes more detail on our deposits, loan portfolio, liquidity, and credit quality. We will reference this presentation during the call. Improving net interest margin and tight controls on non-interest expense growth continue to incrementally drive earnings higher in the second quarter. On an adjusted basis, earnings per share were up 8.2% versus last quarter and up 17.8% versus the second quarter of 2024. We are optimistic these trends will continue, and combined with prudent risk management, will provide progressively higher profitability as we finish out 2025. We will now move to John, who will take a few minutes to cover our financial results. Thank you, Brian. I will be reviewing some of the main drivers of our performance for Q2. As I walk through our financial results, unless otherwise noted, all of the prior period comparisons will be with the first quarter of ...