Heritage Financial (HFWA) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Heritage Financial (HFWA) reported revenue of $57.59 million for Q1 2025, an 18.4% year-over-year increase, with EPS of$ 0.49 compared to $0.40 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of$ 61.1 million, resulting in a surprise of -5.74%, while the EPS exceeded the consensus estimate of $0.46 by +6.52% [1] Financial Performance Metrics - Net Interest Margin was reported at 3.4%, matching the average estimate of three analysts [4] - Efficiency Ratio was 71.9%, higher than the estimated 67.6% by three analysts [4] - Total Nonperforming Assets stood at$ 4.44 million, significantly lower than the average estimate of $7.35 million from two analysts [4] - Total Nonaccrual Loans were also reported at$ 4.44 million, again below the average estimate of $7.35 million from two analysts [4] - Average Balance of Total Interest Earning Assets was$ 6.33 billion, slightly below the estimated $6.35 billion by two analysts [4] - Net charge-offs on loans to average loans receivable were reported at 0%, better than the estimated 0.1% by two analysts [4] - Total Noninterest Income was$ 3.90 million, significantly lower than the estimated $7.39 million by three analysts [4] - Net Interest Income was reported at$ 53.69 million, marginally below the estimated $53.70 million by three analysts [4] Stock Performance - Heritage Financial shares have returned -4.9% over the past month, compared to a -5.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]