Heritage Financial (HFWA)
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Heritage Financial (HFWA) - 2024 Q3 - Quarterly Results
2024-10-24 21:17
FOR IMMEDIATE RELEASE DATE: October 24, 2024 HERITAGE FINANCIAL ANNOUNCES THIRD QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.23 PER SHARE Third Quarter 2024 Highlights • Net income was $11.4 million, or $0.33 per diluted share, compared to $14.2 million, or $0.41 per diluted share, for the second quarter of 2024. • Results include a pre-tax loss on sale of securities of $6.9 million, or $0.16 per diluted share on an after-tax basis. • Loans receivable increased $146.9 million, or 3.2% (12.9 ...
Heritage Financial (HFWA) - 2024 Q3 - Earnings Call Transcript
2024-10-24 20:50
Heritage Financial Corporation (NASDAQ:HFWA) Q3 2024 Results Conference Call October 24, 2024 1:00 PM ET Company Participants Jeff Deuel - CEO & Director Don Hinson - Executive VP & CFO Tony Chalfant - Executive VP & Chief Credit Officer Bryan McDonald - President Conference Call Participants Jeff Rulis - D.A. Davidson Matthew Clark - Piper Sandler Eric Spector - Raymond James Andrew Terrell - Stephens Kelly Motta - KBW Operator Hello, everyone, a warm welcome to the Heritage Financial Q3 2024 Earnings Call ...
Heritage Financial (HFWA) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-10-24 16:06
For the quarter ended September 2024, Heritage Financial (HFWA) reported revenue of $54.8 million, down 11.5% over the same period last year. EPS came in at $0.33, compared to $0.51 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $58.17 million, representing a surprise of -5.80%. The company delivered an EPS surprise of -21.43%, with the consensus EPS estimate being $0.42.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...
Heritage Financial (HFWA) Lags Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-24 14:11
Heritage Financial (HFWA) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -21.43%. A quarter ago, it was expected that this bank holding company would post earnings of $0.41 per share when it actually produced earnings of $0.45, delivering a surprise of 9.76%.Over the last four quarte ...
Nicholas Bley Named Chief Operating Officer at Heritage Bank
Prnewswire· 2024-10-23 20:00
OLYMPIA, Wash., Oct. 23, 2024 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq: HFWA) (the "Company" or "Heritage"), the parent company of Heritage Bank (the "Bank"), announces that Nicholas ("Nic") Bley will become the Executive Vice President and Chief Operating Officer ("COO") of Heritage Bank and Executive Vice President of Heritage, effective October 28, 2024.Mr. Bley held various titles with JPMorgan Chase & Co. over the past 16 years with his most recent role being the Managing Director and Com ...
Heritage Financial (HFWA) - 2024 Q2 - Quarterly Report
2024-08-09 19:37
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ | --- | --- | --- | |-------------------------------------------------|-------------------------------------------------------- ...
Heritage Financial (HFWA) - 2024 Q2 - Earnings Call Transcript
2024-07-25 22:55
Heritage Financial Corporation (NASDAQ:HFWA) Q2 2024 Results Conference Call July 25, 2024 1:00 PM ET Company Participants Jeff Deuel - CEO & Director Don Hinson - Executive VP & CFO Tony Chalfant - Executive VP & Chief Credit Officer Bryan McDonald - President Conference Call Participants Eric Spector - Raymond James Jeff Rulis - D.A. Davidson Matthew Clark - Piper Sandler Kelly Motta - KBW Operator Hello, everyone, and welcome to the Heritage Financial 2024 Q2 Earnings Call. My name is Emily, and I'll be ...
Heritage Financial (HFWA) - 2024 Q2 - Quarterly Results
2024-07-25 19:54
FOR IMMEDIATE RELEASE DATE: July 25, 2024 HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND Second Quarter 2024 Highlights • Net income was $14.2 million, or $0.41 per diluted share, for the second quarter compared to $5.7 million, or $0.16 per diluted share, for the first quarter. • The second quarter results include a loss on sale of securities of $1.9 million, or $0.04 per diluted share. • Loans receivable increased $104.5 million, or 2.4% (9.5% annualized), duri ...
Heritage Financial (HFWA) Q2 Earnings Beat Estimates
ZACKS· 2024-07-25 14:15
Heritage Financial (HFWA) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary ...
Heritage Financial Announces CEO Succession Plan
Prnewswire· 2024-06-25 12:00
OLYMPIA, Wash., June 25, 2024 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq GS: HFWA) (the "Company or "Heritage"), the parent company of Heritage Bank (the "Bank"), has named Bryan D. McDonald to succeed Jeffrey J. Deuel as President and CEO of Heritage Bank and President of Heritage Financial Corporation, effective July 1, 2024. Mr. McDonald has held the titles of President and Chief Operating Officer of Heritage Bank since 2018. "Jeff and his team led the bank through a difficult economic period ...