Heritage Financial ( (HFWA) ) just unveiled an announcement.
Heritage Financial Corporation, the parent company of Heritage Bank, reported a net income of $11.4 million for the third quarter of 2024, marking a decrease from the previous quarter and the same period last year. Despite a pre-tax loss of $6.9 million from strategic sales of securities, the company achieved strong growth in loans and deposits, with increases in net interest margin and net interest income. Heritage also declared a regular quarterly cash dividend of $0.23 per share, reflecting confidence in its continued profitability and prudent risk management strategies.
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