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

Heritage Financial Q1 net income rises to $13.9 million, or $0.40 per diluted share

Positive Impact 3 of 5 earnings Written later

Heritage Financial reported first quarter 2025 net income of $13.9 million, or $0.40 per diluted share, up from $0.34 in the fourth quarter of 2024 and $0.16 in the first quarter of 2024. The results included a $3.9 million pre-tax loss on a securities sale tied to balance sheet repositioning, which reduced earnings by $0.09 per share. The board also declared a regular quarterly cash dividend of $0.24 per share.

Key points

  • Net income was $13.9 million, or $0.40 per diluted share, versus $11.9 million, or $0.34, in Q4 2024 and $5.7 million, or $0.16, in Q1 2024.
  • Net interest margin rose to 3.44% from 3.36% in Q4 2024; deposits increased $160.7 million, or 2.8%, to $5.85 billion.
  • A $3.9 million pre-tax loss on sale of securities reduced diluted earnings by $0.09 per share.
  • The $0.24 quarterly dividend is payable May 21, 2025 to shareholders of record at the close of business on May 7, 2025.

The filing

CompanyHeritage Financial (HFWA)
Form8-K, current report
Filed with the SECApr 24, 2025, 2:06 PM ET
Accession number0001046025-25-000082

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 April 24, 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.