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

Heritage Financial Q1 2026 diluted EPS $0.48, down from $0.65 in Q4 2025

Mixed Impact 3 of 5 earnings Written later

Heritage Financial reported first quarter 2026 net income of $18.9 million, or $0.48 per diluted share, compared with $22.2 million, or $0.65, in the fourth quarter of 2025 and $0.40 in the first quarter of 2025. The results reflect the January 31, 2026 acquisition of Olympic Bancorp, which lifted total assets to $8.50 billion and net interest margin to 3.96%, while noninterest expense also rose with Merger-related costs. The company also declared a regular quarterly cash dividend of $0.24 per share.

Key points

  • Net income of $18.9 million, or $0.48 per diluted share, versus $0.65 in Q4 2025 and $0.40 in Q1 2025.
  • Adjusted diluted EPS, excluding merger-related costs, was $0.59, compared with $0.66 in Q4 2025 and $0.49 in Q1 2025.
  • Net interest margin rose to 3.96% from 3.72% in Q4 2025; the efficiency ratio rose to 72.6% from 62.5%.
  • Quarterly dividend of $0.24 per share, payable May 20, 2026, to shareholders of record at the close of business May 6, 2026.

The filing

CompanyHeritage Financial (HFWA)
Form8-K, current report
Filed with the SECApr 23, 2026, 5:05 PM ET
Accession number0001628280-26-026904

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 23, 2026.

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.