Heritage Financial (US:HFWA)2025-10-23 17:00Financial Performance - Heritage Financial Corporation's net income for Q3 2025 was $192 million[19], with a net interest margin of 364%[19] - The company's ROAE was 852% and ROATCE was 1186% for Q3 2025[19] Adjusted ROATCE was 1216%[19] - The efficiency ratio was 633%, and the adjusted efficiency ratio was 624% for Q3 2025[19] - The company's leverage ratio was 105% and the total capital ratio was 138%[19] Loan Portfolio - Loans receivable totaled $48 billion as of September 30, 2025[19] - Real estate, rental, and leasing comprised 561% of commercial business loans by industry exposure, totaling $2122 million[46] - Nonaccrual loans to loans receivable was 037% in Q3 2025[56] Deposits - Deposits totaled $59 billion as of September 30, 2025[19] - Noninterest demand deposits were 276% of total deposits as of September 30, 2025[22] - The cost of total deposits was 137%[22] Investment Portfolio - The investment portfolio yield was 335%[86] - Investment cashflows are estimated to be $561 million through Q3 of 2028[88] M&A Activity - On September 25, 2025, Heritage Financial Corporation entered into a definitive agreement with Olympic Bancorp, Inc, which has $17 billion in assets[22, 28]