Heritage Financial (HFWA) Misses Q2 EPS by 34c

Heritage Financial (NASDAQ: HFWA) reported Q2 EPS of ($0.17), $0.34 worse than the analyst estimate of $0.17.

Jeffrey J. Deuel, President and Chief Executive Officer of Heritage commented, "We are pleased with our progress in the second quarter, particularly our contribution to the origination of SBA PPP loans for our customers and communities. The overlay of COVID-19 has been challenging and, while there is still a lot of uncertainty, we believe we are prepared to manage through this unprecedented time.

We are also pleased with our continuing efforts to make a difference in our local communities. We are proud to have recently been selected as the construction lender and tax credit investor for Yakima Housing Authority's Chuck Austin Place project located in Yakima, Washington. The project includes the rehabilitation of a former U.S. Marine Corps armory building and construction of townhouses providing forty one supportive housing units for homeless veterans."

For earnings history and earnings-related data on Heritage Financial (HFWA) click here.

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