Heritage Financial Stock Earnings Reports
Heritage Financial Earnings Calls
Release date | Apr 24, 2025 |
EPS estimate | $0.460 |
EPS actual | $0.490 |
EPS Surprise | 6.52% |
Revenue estimate | 61.755M |
Revenue actual | 81.269M |
Revenue Surprise | 31.60% |
Release date | Jan 23, 2025 |
EPS estimate | $0.450 |
EPS actual | $0.510 |
EPS Surprise | 13.33% |
Revenue estimate | 60.2M |
Revenue actual | 57.053M |
Revenue Surprise | -5.23% |
Release date | Oct 24, 2024 |
EPS estimate | $0.410 |
EPS actual | $0.330 |
EPS Surprise | -19.51% |
Revenue estimate | 58.12M |
Revenue actual | 54.795M |
Revenue Surprise | -5.72% |
Release date | Jul 25, 2024 |
EPS estimate | $0.400 |
EPS actual | $0.410 |
EPS Surprise | 2.50% |
Revenue estimate | 58.29M |
Revenue actual | 81.828M |
Revenue Surprise | 40.38% |
Last 4 Quarters for Heritage Financial
Below you can see how HFWA performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Release date | Jul 25, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $22.98 |
EPS estimate | $0.400 |
EPS actual | $0.410 |
EPS surprise | 2.50% |
Date | Price |
---|---|
Jul 19, 2024 | $21.02 |
Jul 22, 2024 | $21.47 |
Jul 23, 2024 | $22.05 |
Jul 24, 2024 | $21.81 |
Jul 25, 2024 | $22.98 |
Jul 26, 2024 | $23.12 |
Jul 29, 2024 | $22.56 |
Jul 30, 2024 | $23.16 |
Jul 31, 2024 | $23.17 |
4 days before | 9.32% |
4 days after | 0.83% |
On release day | 0.609% |
Change in period | 10.23% |
Release date | Oct 24, 2024 |
Fiscal end date | Sep 30, 2024 |
Price on release | $22.36 |
EPS estimate | $0.410 |
EPS actual | $0.330 |
EPS surprise | -19.51% |
Date | Price |
---|---|
Oct 18, 2024 | $22.62 |
Oct 21, 2024 | $21.49 |
Oct 22, 2024 | $21.72 |
Oct 23, 2024 | $21.87 |
Oct 24, 2024 | $22.36 |
Oct 25, 2024 | $22.34 |
Oct 28, 2024 | $22.97 |
Oct 29, 2024 | $22.99 |
Oct 30, 2024 | $23.11 |
4 days before | -1.15% |
4 days after | 3.35% |
On release day | -0.0894% |
Change in period | 2.17% |
Release date | Jan 23, 2025 |
Fiscal end date | Dec 31, 2024 |
Price on release | $24.85 |
EPS estimate | $0.450 |
EPS actual | $0.510 |
EPS surprise | 13.33% |
Date | Price |
---|---|
Jan 16, 2025 | $24.31 |
Jan 17, 2025 | $24.55 |
Jan 21, 2025 | $24.71 |
Jan 22, 2025 | $24.60 |
Jan 23, 2025 | $24.85 |
Jan 24, 2025 | $24.65 |
Jan 27, 2025 | $25.55 |
Jan 28, 2025 | $25.25 |
Jan 29, 2025 | $25.48 |
4 days before | 2.22% |
4 days after | 2.54% |
On release day | -0.80% |
Change in period | 4.81% |
Release date | Apr 24, 2025 |
Fiscal end date | Mar 31, 2025 |
Price on release | $22.99 |
EPS estimate | $0.460 |
EPS actual | $0.490 |
EPS surprise | 6.52% |
Date | Price |
---|---|
Apr 17, 2025 | $21.85 |
Apr 21, 2025 | $21.88 |
Apr 22, 2025 | $22.66 |
Apr 23, 2025 | $22.98 |
Apr 24, 2025 | $22.99 |
Apr 25, 2025 | $22.60 |
Apr 28, 2025 | $22.77 |
Apr 29, 2025 | $22.94 |
Apr 30, 2025 | $22.82 |
4 days before | 5.22% |
4 days after | -0.739% |
On release day | -1.70% |
Change in period | 4.44% |
Heritage Financial Earnings Call Transcript Summary of Q1 2025
Here's a summary of the key points from the Heritage Financial Q1 earnings call that investors should note:
Financial Performance
- Strong Q1 Results: Heritage Bank reported strong deposit growth and margin expansion, with total deposits increasing by $160.7 million, primarily in non-mature deposits (90% of growth).
- Loan Portfolio: Total loan balances decreased by $37 million due to elevated payoffs and prepayments, with new loan commitments amounting to $183 million.
- Interest Margin: Net interest margin improved to 3.44%, attributed to decreasing costs of deposits and borrowings, while yields on the loan portfolio were slightly down at 5.45%.
- Credit Losses: A small provision for credit losses of $51,000 was recognized, with charge-off rates remaining low at 0.03%.
Credit Quality
- Stable Credit Metrics: Non-accrual loans totaled $4.4 million, representing only 0.09% of total loans, maintaining stability in credit quality metrics even amid economic uncertainty.
- Monitoring Risks: There is a focus on monitoring emerging economic risks, particularly related to tariffs and changes in federal funding which could affect credit quality.
Operational Updates
- Employee Expansion: A new team was added in Spokane, contributing to the bank's growth strategy, with a focus on balancing talent acquisition and expense management.
- Future Plans: The bank remains open to exploring mergers and acquisitions as opportunities arise, particularly as regional banking dynamics continue to shift.
Guidance and Market Outlook
- Expectations for Growth: The bank anticipates annualized loan growth in Q2 to be around 5% to 8%, although there are potential uncertainties due to market conditions that could impact growth.
- Cost Management: Non-interest expenses are expected to sustain in the $41 million to $42 million range, with strategic cost-control measures in place.
Strategic Focus
- Relationship Growth: Much of the deposit growth has come from expanding existing relationships coupled with targeted efforts to attract customers from banks facing challenges in the current climate.
- Capital Strategy: The bank maintains a healthy capital ratio (TCE ratio at 9.3%) and has a stock repurchase plan in place, although no shares were repurchased in Q1.
Conclusion
Overall, Heritage Bank showcased strong financial performance in Q1 with a solid deposit base, stable credit quality, and a strategy focused on growth amidst economic uncertainty. Investors might view the bank's cautious yet optimistic outlook positively, as it addresses potential risks while positioning itself for growth.