Heritage Financial (HFWA) Tops Q4 EPS by 9c

Heritage Financial (NASDAQ: HFWA) reported Q4 EPS of $0.55, $0.09 better than the analyst estimate of $0.46.

Jeffrey J. Deuel, President and Chief Executive Officer of Heritage, commented, "While we continue to be challenged by the COVID-environment and the related uncertainty, we begin 2022 on solid ground. We are well-positioned to take advantage of a rising rate environment and we continue to benefit from the strong economic climate in the region.

Further, we are pleased with the success of our ongoing efforts to positively impact housing in the communities we serve. In the fourth quarter, we partnered with Sabin Community Development Corporation, providing $13.4 million of construction financing and $11.7 million of permanent funding through our Low Income Housing Tax Credit investment to build affordable housing units for both families and seniors allowing people of color who are at risk of gentrification to live in the heart of Portland\'s historically African-American community in North / Northeast Portland."

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

You May Also Be Interested In

• Tesla to launch Cybercab in Austin this month - report
• XP Inc. (XP) Tops Q2 EPS by 8c
• BofA Securities Reiterates Buy Rating on NVIDIA (NVDA)