Earnings summaries and quarterly performance for HERITAGE FINANCIAL CORP /WA/.
Executive leadership at HERITAGE FINANCIAL CORP /WA/.
Bryan D. McDonald
Detailed
President and Chief Executive Officer
CEO
AE
Amy E. Curran
Detailed
Executive Vice President and Director of Commercial Lending
DJ
Donald J. Hinson
Detailed
Executive Vice President and Chief Financial Officer
KA
Kelli A. Wilson
Detailed
Executive Vice President and Chief Retail Banking Officer
MT
Matthew T. Ray
Detailed
Executive Vice President and Chief Lending Officer
NM
Nicholas M. Bley
Detailed
Executive Vice President and Chief Operating Officer
SC
Sabrina C. Robison
Detailed
Executive Vice President and Chief Human Resources Officer
TJ
Thomas J. Henning
Detailed
Executive Vice President and Chief Risk Officer
TW
Tony W. Chalfant
Detailed
Executive Vice President and Chief Credit Officer
WK
William K. Glasby
Detailed
Executive Vice President and Chief Information Officer
Board of directors at HERITAGE FINANCIAL CORP /WA/.
AW
Ann Watson
Detailed
Director
BL
Brian L. Vance
Detailed
Chair of the Board
BS
Brian S. Charneski
Detailed
Lead Independent Director
FB
Frederick B. Rivera
Detailed
Director
GB
Gail B. Giacobbe
Detailed
Director
JS
Jeffrey S. Lyon
Detailed
Director
KR
Karen R. Saunders
Detailed
Director
KT
Kimberly T. Ellwanger
Detailed
Director
TD
Trevor D. Dryer
Detailed
Director
Research analysts who have asked questions during HERITAGE FINANCIAL CORP /WA/ earnings calls.
Jeff Rulis
D.A. Davidson & Co.
7 questions for HFWA
Also covers: ALRS, BANR, BMRC +17 more
Liam Coohill
Raymond James
6 questions for HFWA
Also covers: CVBF, FFWM, FHB +2 more
Adam Kroll
Piper Sandler Companies
5 questions for HFWA
Also covers: BWB, BY, HAFC +4 more
Jackson Laurent
Stephens, Inc.
5 questions for HFWA
Also covers: FFWM, RBB
KM
Kelly Motta
Keefe, Bruyette & Woods
5 questions for HFWA
Also covers: AX, BANR, BOH +20 more
Charlie Driscoll
KBW
2 questions for HFWA
Also covers: FBP, FHB, SMBC
AB
Adam Butler
Piper Sandler
1 question for HFWA
Also covers: BMRC, CATY, CVBF +2 more
Andrew Terrell
Stephens Inc.
1 question for HFWA
Also covers: AVBH, BANC, BANR +18 more
Charlie Driscoll
Keefe, Bruyette & Woods
1 question for HFWA
Also covers: CVBF, FCF, FHB +3 more
David Feaster
Raymond James
1 question for HFWA
Also covers: ABCB, ALRS, AX +20 more
ES
Eric Spector
Raymond James
1 question for HFWA
Also covers: TRMK
Jeffrey Allen Rulis
D.A. Davidson
1 question for HFWA
Also covers: QCRH
MC
Matthew Clark
Piper Sandler
1 question for HFWA
Also covers: AVBH, BANC, BANR +24 more
Recent press releases and 8-K filings for HFWA.
Heritage Financial Corporation Completes Acquisition of Olympic Bancorp, Inc.
HFWA
M&A
- Heritage Financial Corporation completed its previously announced merger with Olympic Bancorp, Inc., effective January 31, 2026.
- Following the merger, Kitsap Bank, a subsidiary of Olympic, merged into Heritage Bank, Heritage Financial Corporation's banking subsidiary.
- Heritage will issue an aggregate of approximately 7,167,600 shares of its common stock as consideration for the transaction.
- Shareholders of Olympic will receive 45.0 shares of Heritage's common stock for each share of Olympic capital stock.
4 days ago
Heritage Financial Corporation Completes Acquisition of Olympic Bancorp, Inc.
HFWA
M&A
- Heritage Financial Corporation (HFWA) completed its merger with Olympic Bancorp, Inc. and the merger of Kitsap Bank into Heritage Bank on January 31, 2026.
- Heritage will issue an aggregate of 7,167,600 shares of its common stock in the transaction.
- Shareholders of Olympic will receive 45.0 shares of Heritage's common stock for each Olympic share, with cash paid in lieu of any fractional shares.
5 days ago
Heritage Financial Announces Strong Q4 2025 Results and Acquisition Update
HFWA
Earnings
Dividends
M&A
- Heritage Financial reported net income of $22.2 million and diluted earnings per share of $0.65 for the fourth quarter of 2025, an increase from $19.2 million and $0.55, respectively, in the third quarter of 2025.
- The company's net interest margin increased to 3.72% in Q4 2025, an 8 basis point rise from the previous quarter, while deposits grew by $62.7 million to $5.92 billion.
- A regular cash dividend of $0.24 per share was declared on January 16, 2026.
- Heritage Financial has received regulatory and shareholder approvals for the acquisition of Olympic Bancorp, Inc., with the transaction expected to close on or about January 31, 2026.
Jan 22, 2026, 6:59 PM
Heritage Financial Reports Strong Q4 2025 Results and Anticipates Olympic Bancorp Merger Close
HFWA
Earnings
M&A
Guidance Update
- Heritage Financial (HFWA) reported strong Q4 2025 results, with adjusted diluted earnings per share up 29% versus Q4 2024 and adjusted return on assets (ROA) improving to 1.29%. The net interest margin increased to 3.7% from 3.36% in the fourth quarter of 2024.
- The merger with Olympic Bancorp received regulatory and shareholder approval and is planned to close at the end of January. This acquisition is expected to add to profitability and potentially push the net interest margin near the 4% range by year-end.
- Total loan balances increased $14 million and total deposits increased $63 million in Q4 2025. The company anticipates resuming loan growth at more historical levels in 2026, with low single digits in Q1 and accelerating to upper single digits later in the year.
- Credit quality remained strong, with net charge-offs of $481,000 for the quarter and $1.4 million for the full year 2025 (0.03% of total loans). Non-accrual loans totaled $21 million or 0.44% of total loans at year-end, an increase from Q3 2025, primarily due to three non-owner-occupied CRE loans.
Jan 22, 2026, 6:00 PM
Heritage Financial Reports Strong Q4 2025 Results and Anticipates Merger Close
HFWA
Earnings
M&A
Guidance Update
- Heritage Financial Corporation reported strong Q4 2025 adjusted diluted EPS up 29% year-over-year and an adjusted ROA of 1.29%, with the net interest margin increasing to 3.7%.
- The company received regulatory and shareholder approval for its merger with Olympic Bancorp, planning to close by the end of January, which is expected to add to profitability and potentially raise the net interest margin near 4% by year-end.
- Management anticipates loan growth to resume at historical levels in 2026, starting with low single digits in Q1 and accelerating to upper single digits later in the year, while maintaining strong credit quality with full-year 2025 net charge-offs of $1.4 million.
Jan 22, 2026, 6:00 PM
Heritage Financial Corporation Announces Q4 2025 Results and Merger Update
HFWA
Earnings
M&A
- Heritage Financial Corporation reported net income of $22.2 million for Q4 2025, with an Adjusted Return on Average Tangible Common Equity (ROATCE) of 13.51% and a Net Interest Margin of 3.72%.
- The company entered into a definitive agreement with Olympic Bancorp, Inc. ($1.7 billion in assets) on September 25, 2025, with the transaction expected to close on or about January 31, 2026, which would result in estimated pro forma assets of $8.6 billion for HFWA.
- As of December 31, 2025, HFWA maintained strong capital ratios, including a Total Capital Ratio of 14.1% and a Leverage Ratio of 10.8%.
- Operational efficiency improvements led to a decrease in full-time equivalent employees to 742 at December 31, 2025, from 803 at December 31, 2023.
Jan 22, 2026, 6:00 PM
HFWA Reports Strong Q4 2025 Results and Anticipates Merger Close
HFWA
Earnings
M&A
Guidance Update
- Heritage Financial Corporation reported strong Q4 2025 adjusted diluted earnings per share up 18% sequentially and 29% year-over-year, with adjusted ROA improving to 1.29%.
- The company's net interest margin increased to 3.7% in Q4 2025 from 3.64% in Q3 2025 and 3.36% in Q4 2024, contributing to a 1.7% increase in net interest income.
- The merger with Olympic Bancorp has received all necessary approvals and is scheduled to close at the end of January, with expectations to boost profitability and growth.
- Management projects continued net interest margin improvement, potentially reaching 4% by year-end for the combined entity, alongside a return to low single-digit loan growth in Q1 2026 accelerating to upper single digits for the full year.
Jan 22, 2026, 6:00 PM
Heritage Financial Announces Fourth Quarter and Annual 2025 Results
HFWA
Earnings
M&A
Dividends
- Heritage Financial Corporation reported net income of $22.2 million and diluted earnings per share of $0.65 for the fourth quarter of 2025, compared to $19.2 million and $0.55, respectively, for the third quarter of 2025.
- The company received regulatory and shareholder approvals to acquire Olympic Bancorp, Inc., with the transaction expected to close on or about January 31, 2026.
- Key financial metrics improved, with return on average assets increasing to 1.27% from 1.09% for the third quarter of 2025, and net interest margin increasing to 3.72% from 3.64% for the third quarter of 2025.
- Deposits increased by $62.7 million, or 1.1%, from the third quarter of 2025, and the cost of interest-bearing deposits decreased to 1.83% from 1.89%.
- A regular cash dividend of $0.24 per share was declared on January 16, 2026.
Jan 22, 2026, 1:00 PM
Heritage Financial Corporation Receives Regulatory Approvals for Olympic Bancorp Merger
HFWA
M&A
- Heritage Financial Corporation (HFWA) has secured all regulatory approvals required for its merger with Olympic Bancorp, Inc..
- The merger involves Olympic Bancorp, Inc. integrating into Heritage, and its subsidiary, Kitsap Bank, merging into Heritage Bank.
- The transaction is anticipated to close on or about January 31, 2026, pending the satisfaction of customary closing conditions, including shareholder approval from both companies.
- This combination is expected to create a more robust banking platform across the Puget Sound region.
Dec 30, 2025, 6:43 PM
Heritage Financial Corporation Receives Regulatory Approval for Olympic Bancorp Merger
HFWA
M&A
- Heritage Financial Corporation (HFWA) has secured all required regulatory approvals for its previously announced merger with Olympic Bancorp, Inc.
- The merger also includes the integration of Kitsap Bank into Heritage Bank.
- The transaction is projected to close on or about January 31, 2026, contingent upon the satisfaction of customary closing conditions, including shareholder approval from both Heritage and Olympic.
- Heritage President and CEO, Bryan McDonald, noted that this combination will establish a more robust banking platform across the Puget Sound region.
Dec 29, 2025, 7:09 PM
Quarterly earnings call transcripts for HERITAGE FINANCIAL CORP /WA/.
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