The earnings call reflects a strong financial performance with significant growth in earnings per share, loan production, and net interest margin. However, there are challenges, including a seasonal decline in deposits and an increase in nonperforming loans. Despite these challenges, the bank maintains a strong capital position and continues to show consistent deposit growth.

Company Guidance -

Q3 2025

During the Heritage Financial 2025 Q2 earnings call, guidance was provided on multiple financial metrics. Earnings per share increased by 8.2% compared to the previous quarter and by 17.8% from the same quarter in 2024. Total loan balances grew by $10 million, while yields on the loan portfolio rose to 5.50%, reflecting a 5 basis point increase. Despite a $60.9 million decline in total deposits due to tax-related seasonality, average deposits increased by $35.4 million. The cost of interest-bearing deposits slightly rose to 1.94%. The company executed a strategic repositioning of its balance sheet by recognizing a pre-tax loss of $6.9 million on the sale of $91.6 million in securities. Net interest income grew by 2.4%, driven by an increased net interest margin, which rose to 3.51%. Noninterest expenses decreased slightly, and the company maintained a TCE ratio of 9.4%. Heritage Financial repurchased 193,700 shares at a cost of $4.5 million, with 797,000 shares still available for repurchase. The credit quality of the loan portfolio remained strong, with nonaccrual loans totaling just under $9.9 million, representing 0.21% of total loans. The commercial lending group closed $248 million in new loan commitments, with a projected increase to $300 million in Q3. The average interest rate for new commercial loans was 6.55%, slightly down from the previous quarter. Overall, Heritage Financial remains well-capitalized and positioned for future growth.

Earnings Per Share Increase

Earnings per share were up 8.2% from the previous quarter and up 17.8% from the second quarter of 2024, indicating strong financial performance.

Loan Production Growth

The commercial lending group closed $248 million in new loan commitments this quarter, up from $183 million last quarter and $218 million in the same quarter of 2024.

Improved Net Interest Margin

Net interest margin increased to 3.51% from 3.44% in the prior quarter, driven by higher yields on loans and investment portfolios.

Consistent Deposit Growth

Average total deposits increased by $35.4 million from the prior quarter, marking the fifth consecutive quarter of growth.

Strong Capital Position

Regulatory capital ratios remain comfortably above well-capitalized thresholds, with a TCE ratio of 9.4%, up from 9.3% in the prior quarter.

Heritage Financial (HFWA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HFWA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2025	2025 (Q3)	0.55 / -	0.33	―	―	―
Jul 24, 2025	2025 (Q2)	0.50 / 0.36	0.41	-12.20% (-0.05)
Apr 24, 2025	2025 (Q1)	0.45 / 0.40	0.16	150.00% (+0.24)
Jan 23, 2025	2024 (Q4)	0.45 / 0.34	0.18	88.89% (+0.16)
Oct 24, 2024	2024 (Q3)	0.41 / 0.33	0.51	-35.29% (-0.18)
Jul 25, 2024	2024 (Q2)	0.40 / 0.41	0.48	-14.58% (-0.07)
Apr 25, 2024	2024 (Q1)	0.40 / 0.16	0.58	-72.41% (-0.42)
Jan 25, 2024	2023 (Q4)	0.45 / 0.18	0.64	-71.88% (-0.46)
Oct 19, 2023	2023 (Q3)	0.43 / 0.51	0.59	-13.56% (-0.08)
Jul 20, 2023	2023 (Q2)	0.48 / 0.48	0.52	-7.69% (-0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HFWA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 24, 2025	$24.70	$23.00	-6.88%
Apr 24, 2025	$22.50	$22.51	+0.04%
Jan 23, 2025	$23.87	$24.11	+1.01%
Oct 24, 2024	$21.01	$21.48	+2.24%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Heritage Financial Corp. (HFWA) report earnings?

Heritage Financial Corp. (HFWA) is schdueled to report earning on Oct 16, 2025, Before Open (Confirmed).

What is Heritage Financial Corp. (HFWA) earnings time?

Heritage Financial Corp. (HFWA) earnings time is at Oct 16, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is HFWA EPS forecast?

HFWA EPS forecast for the fiscal quarter 2025 (Q3) is 0.55.

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