Quarterly ResultOct 22, 2026, 01:26 PM
Heritage Financial Q3 Net Income $18.7M; Declares $0.25 Dividend
AI Summary
Heritage Financial Corporation reported third quarter 2026 net income of $18.7 million, or $0.46 per diluted share, an increase from the previous quarter. The company also announced a new stock repurchase program authorizing the repurchase of up to 5% of its outstanding shares and declared a regular quarterly cash dividend of $0.25 per share. Key highlights include growth in net interest income, net interest margin, loans, and deposits, alongside the successful completion of a core conversion following a recent acquisition.
Key Highlights
- Net income of $18.7 million, or $0.46 per diluted share, compared to $17.5 million, or $0.42 per diluted share, in Q2 2026.
- Adjusted diluted EPS was $0.55, down from $0.57 in Q2 2026.
- Net interest income increased 3.3% to $2.4 million from the prior quarter.
- Net interest margin increased to 4.05%, up 6 basis points from Q2 2026.
- Loans receivable increased $133.5 million (2.3%) to $5.88 billion.
- Deposits increased $148.2 million (2.1%) to $7.19 billion.
- Approved a new stock repurchase program authorizing the repurchase of up to 5% of outstanding shares.
- Declared a regular cash dividend of $0.25 per share, payable November 18, 2026.
Price Impact
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