Heritage Financial Q4 net income rises

Heritage Financial

22/01/2026 13:08

Overview

Washington bank's Q4 net income rose to $22.2 mln, adjusted EPS up from prior year

Company's deposits increased by $62.7 mln, net interest margin improved to 3.72%

Company received approvals for Olympic Bancorp acquisition, closing expected January 31

Outlook

Company expects to close Olympic Bancorp acquisition by January 31, 2026

Result Drivers

NET INTEREST INCOME - Increased by $1.0 mln due to higher net interest margin and lower interest expense

DEPOSIT GROWTH - Deposits rose by $62.7 mln, driven by increase in non-maturity deposits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.65
Q4 Net Income
$22.24 mln
Q4 Net Interest Margin
3.72%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Heritage Financial Corp is $28.00, about 6.6% above its January 21 closing price of $26.26

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nPnvgJ8sa

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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.)