Heritage Financial (HFWA) Declares $0.21 Quarterly Dividend; 2.7% Yield

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HERITAGE FINANCIAL ANNOUNCES THIRD QUARTER 2022 RESULTS AND DECLARES REGULAR CASH DIVIDEND

October 20, 2022 8:01 AM EDT

Net income was $21.0 million, or $0.59 per diluted share, for the third quarter of 2022 compared to $18.6 million, or $0.52 per diluted share, for the second quarter of 2022 and $20.6 million, or $0.58 per diluted share, for the third quarter of 2021.Loans receivable grew $127.2 million, or 3.3% (13.0% annualized), in the third quarter of 2022. Net interest income increased $9.2 million, or 18.5%, to $59.3 million for the third quarter of 2022 compared to $50.0 million for the second quarter of 2022.Net interest margin increased to 3.57% for the third quarter of 2022 from 3.04% for the second quarter of 2022 and... More