Heritage Financial Q4 profit rises to $0.34 a share; full-year EPS falls to $1.24
Heritage Financial reported fourth-quarter 2024 net income of $11.9 million, or $0.34 per diluted share, up from $0.18 a year earlier and $0.33 in the third quarter. Full-year 2024 net income fell to $43.3 million, or $1.24 per diluted share, from $61.8 million, or $1.75, in 2023. The company also declared a quarterly dividend of $0.24 per share, up 4.3% from $0.23, and disclosed a $3.9 million pre-tax securities loss and BOLI restructuring costs that reduced quarterly earnings.
Key points
- Q4 2024 net income $11.9 million, or $0.34 per diluted share, versus $0.18 in Q4 2023
- Full-year 2024 net income $43.3 million, or $1.24 per diluted share, versus $1.75 in 2023
- Pre-tax securities loss of $3.9 million and BOLI restructuring costs reduced diluted EPS by a combined $0.17 in Q4
- Quarterly dividend of $0.24 per share, payable February 20, 2025, to holders of record on February 6, 2025
The filing
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 January 23, 2025.
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.