HERITAGE FINANCIAL CORP /WA/ (HFWA) Form 8-K — Oct 22, 2026
$HFWAForm 8-KItems 2.02, 7.01, 8.01, 9.01Filed Oct 22, 2026, 1:23 PM ET0001628280-26-066841Original filing
Heritage Financial (HFWA) reported Q3 2026 net income of $18.7 million, or $0.46 per diluted share, up from $17.5 million and $0.42 in Q2 2026 but below the $19.2 million and $0.55 a year ago. Adjusted diluted EPS of $0.55 excludes $5.2 million of Merger-related expenses tied to the Kitsap Bank core conversion. The margin story was strong: net interest margin rose 6 bps sequentially to 4.05% (up 41 bps YoY), while loans grew $133.5 million and deposits grew $148.2 million in the quarter. Cost of total deposits improved to 1.19%.
Key figures
- Eps
- 0.46
- Net Income
- 18720000
- Total Debt
- 121900000
- Revenue Yoy
- net interest income +34.7% YoY to $77.3M
- Total Assets
- 8517934000
- Cash Position
- 187067000
- Shares Outstanding
- 40576875
- Roaa
- 0.88%
- Nim yoy change
- +41 bps
- Total deposits
- 7186934000
- Adjusted roatce
- 12.75%
- Loan growth qoq
- +$133.5M / 2.3%
- Efficiency ratio
- 71.6%
- Loans receivable
- 5881201000
- Deposit growth qoq
- +$148.2M / 2.1%
- Dividend per share
- 0.25
- Net interest margin
- 4.05%
- Adjusted diluted eps
- 0.55
- Special mention loans
- 138023000
- Adjusted efficiency ratio
- 62.2%
- Merger related expenses q3
- 5200000
- Buyback authorization shares
- 2000000
- Buyback authorization percent
- 5%
- Tangible book value per share
- 18.74
- Provision for credit losses q3
- 2271000
- Nonperforming assets to total assets
- 0.39%
- Return on avg tangible common equity
- 10.67%
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