Heritage Financial Q3 adjusted EPS declines

Heritage Financial

22/10/2026 13:11

Overview
US regional bank's Q3 net income fell from a year earlier
Adjusted EPS for Q3 declined yr/yr
Company authorized new stock buyback for up to 5% of shares outstanding

Outlook
Company did not provide specific guidance for future quarters or full-year results in the press release

Result Drivers
NET INTEREST INCOME - Net interest income rose $2.4 mln, or 3.3%, from the prior qtr, driven by higher net interest margin and increased loan yields
LOAN AND DEPOSIT GROWTH - Loans receivable rose $133.5 mln and deposits increased $148.2 mln from the prior qtr, supported by higher new loan funding and typical seasonal deposit inflows
MERGER-RELATED EXPENSES - $5.2 mln in Merger-related costs were recognized in the qtr due to core conversion and branch closures following the Olympic Bancorp acquisition

Company press release: ID:nPn2LBZW6a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$0.46
 
Q3 Net Income
 
$18.72 mln
 
Q3 Net Interest Margin
 
4.05%
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)