Apr. 24 at 12:15 PM
$HFWA delivers solid Q1 with net income up to
$13.9M (
$0.40 EPS) as NIM expands to 3.44%. Deposits grew 11.4% annualized while cutting funding costs. That strategic securities loss hurts short-term (
$0.09 EPS hit), but swapping 2.6% yield assets for 4.55% plays the long game. Dividend maintained at
$0.24 - slow burn value.
https://www.prnewswire.com/news-releases/heritage-financial-announces-first-quarter-2025-results-and-declares-regular-cash-dividend-of-0-24-per-share-302436510.html