Heritage Financial Announces Third Quarter 2026 Results and Declares Regular Cash Dividend of $0.25 Per Share
Heritage Financial reported Q3 2026 net income of $18.7 million, or $0.46 per diluted share, up from $17.5 million ($0.42) in Q2 but down from $19.2 million ($0.55) a year ago; adjusted diluted EPS was $0.55, reflecting $5.2 million of Merger-related costs from the Olympic Bancorp/Kitsap Bank integration. Margin momentum was strong: net interest margin expanded 6 basis points sequentially to 4.05%, while loans grew $133.5 million (2.3%) and deposits grew $148.2 million (2.1%) in the quarter. The board declared a $0.25 quarterly dividend and authorized a new buyback for up to 5% of shares outstanding (~2.0 million shares), superseding the April 2024 program that was substantially completed.
Key figures
- Eps
- 0.46
- Roaa
- 0.88%
- Net income
- 18720000
- Total assets
- $8.52 billion
- Loan growth qoq
- $133.5 million, or 2.3%
- Nonaccrual loans
- $32.1 million vs $15.5 million prior quarter
- Deposit growth qoq
- $148.2 million, or 2.1%
- Dividend per share
- 0.25
- Nim qoq change bps
- 6
- Net interest margin
- 4.05%
- Adjusted diluted eps
- 0.55
- Buyback authorization
- up to 5% of outstanding shares, approximately 2.0 million shares
- Merger related expenses
- $5.2 million
AI analysis
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