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An update from Heritage Financial ( (HFWA) ) is now available.
In its latest financial results announcement for the fourth quarter of 2024, Heritage Financial Corporation reported a net income of $11.9 million, marking an increase from both the previous quarter and the same period in 2023. Despite facing losses due to strategic repositioning of its balance sheet, including a pre-tax loss on sale of securities and restructuring costs, the company managed to improve its net interest margin and reduce the cost of deposits. Additionally, the board declared a regular quarterly cash dividend of $0.24 per share, reflecting an increase from the previous dividend. The company’s strategic efforts, although impacting reported earnings, are aimed at enhancing core earnings and ensuring sustainable long-term shareholder returns.
More about Heritage Financial
Heritage Financial Corporation, the parent company of Heritage Bank, operates in the financial services industry focusing on banking products and services.
YTD Price Performance: 2.74%
Average Trading Volume: 186,596
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $843.9M
Learn more about HFWA stock on TipRanks’ Stock Analysis page.
