Heritage Financial (HFWA) Raises Quarterly Dividend 5% to $0.21; 3.4% Yield

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Heritage Financial Announces Third Quarter 2021 Results And Declares Regular Cash Dividend

October 21, 2021 9:00 AM EDT

OLYMPIA, Wash., Oct. 21, 2021 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ GS: HFWA) (the "Company" or "Heritage"), the parent company of Heritage Bank ("Bank"), today reported that the Company had net income of $20.6 million for the quarter ended September 30, 2021 compared to $32.7 million for the linked-quarter ended June 30, 2021 and $16.6 million for the quarter ended September 30, 2020. Diluted earnings per share for the quarter ended September 30, 2021 were $0.58 compared to $0.90 for the linked-quarter ended June 30, 2021 and $0.46 for the quarter ended September 30, 2020.

Jeffrey J. Deuel, President and Chief Executive Officer of Heritage, commented, "Given the ongoing challenging... More