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AI brief of an SEC Form 8-K · Heritage Financial (HFWA)

Heritage Financial Q3 profit falls to $11.4 million, or $0.33 per diluted share

Negative Impact 3 of 5 earnings Written later

Heritage Financial reported third quarter 2024 net income of $11.4 million, or $0.33 per diluted share, down from $14.2 million, or $0.41, in the second quarter and $18.2 million, or $0.51, a year earlier. The results include a $6.9 million pre-tax loss on the sale of investment securities, which the company tied to a balance sheet repositioning. The board also declared a $0.23 quarterly dividend per share.

Key points

  • Net income was $11.4 million, or $0.33 per diluted share, versus $14.2 million, or $0.41, in Q2 2024 and $18.2 million, or $0.51, in Q3 2023.
  • A $6.9 million pre-tax loss on the sale of $78.0 million of investment securities reduced diluted earnings per share by $0.16.
  • Loans receivable rose $146.9 million, or 3.2%, and total deposits rose $192.8 million, or 3.5%, in the quarter.
  • Quarterly dividend of $0.23 per share is payable November 20, 2024 to shareholders of record on November 6, 2024.

The filing

CompanyHeritage Financial (HFWA)
Form8-K, current report
Filed with the SECOct 24, 2024, 5:17 PM ET
Accession number0001046025-24-000175

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 24, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.