Compared to Estimates, Heritage Financial (HFWA) Q4 Earnings: A Look at Key Metrics

Core Insights - Heritage Financial (HFWA) reported a revenue of $60.96 million for the quarter ended December 2024, reflecting a year-over-year increase of 20.2$0.51, up from $0.47 in the same quarter last year, surpassing the consensus estimate of$0.46 by 10.87% [1] Financial Performance Metrics - The efficiency ratio was reported at 69.3%, higher than the average estimate of 66.7% from three analysts [4] - The net interest margin stood at 3.4%, slightly above the average estimate of 3.3% from three analysts [4] - Total nonperforming assets were $5.27 million, significantly lower than the average estimate of$8.88 million from two analysts [4] - Total nonaccrual loans were reported at $4.08 million, compared to the average estimate of$6.13 million from two analysts [4] - The average balance of total interest-earning assets was $6.31 billion, close to the estimated$6.33 billion from two analysts [4] - Net charge-offs on loans to average loans receivable were 0%, better than the estimated 0.1% from two analysts [4] - Total noninterest income was $3.29 million, falling short of the average estimate of$7.40 million from three analysts [4] - Net interest income was reported at $53.76 million, exceeding the average estimate of$53.17 million from three analysts [4] Stock Performance - Heritage Financial's shares returned +0.6% over the past month, underperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]