Quarterly ResultJul 23, 2026, 05:12 PM
Heritage Financial Q2 Net Income $17.5M, EPS $0.42; Dividend $0.25
AI Summary
Heritage Financial Corporation announced its second quarter 2026 results, reporting net income of $17.5 million, or $0.42 per diluted share, a decrease from $18.9 million in Q1 2026 but an increase from $12.2 million in Q2 2025. The company also declared a regular quarterly cash dividend of $0.25 per common share, representing a 4.2% increase. Net interest margin improved to 3.99%, and the cost of interest-bearing deposits decreased, while merger-related expenses increased to $7.5 million.
Key Highlights
- Net income for Q2 2026 was $17.5 million, or $0.42 per diluted share.
- Adjusted diluted earnings per share was $0.57 for Q2 2026.
- Net interest margin increased to 3.99%, up 3 basis points from Q1 2026.
- Cost of interest-bearing deposits decreased to 1.67%, down 4 basis points QoQ.
- Declared a regular quarterly cash dividend of $0.25 per share, an increase of 4.2%.
- Loans receivable increased by $25.5 million, or 0.4%, during Q2 2026.
- Total deposits decreased by $209.8 million, or 2.9%, during Q2 2026.
- Merger-related expenses were $7.5 million in Q2 2026, up from $5.2 million in Q1 2026.
Price Impact
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