Heritage Financial Retiring Chief Executive Jeff Deuel Remains CEO Until May 2025; Bryan McDonald Named President And CEO Of Heritage Bank And President Of Heritage Financial Corporation

6/25/24 8:04:18 AM ET

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Retiring Chief Executive Jeff Deuel Remains CEO of Heritage Financial Corporation until May 2025; Bryan McDonald Named President and CEO of Heritage Bank and President of Heritage Financial Corporation

OLYMPIA, Wash., June 25, 2024 /PRNewswire/ -- Heritage Financial Corporation (Nasdaq GS: HFWA) (the "Company or "Heritage"), the parent company of Heritage Bank (the "Bank"), has named Bryan D. McDonald to succeed Jeffrey J. Deuel as President and CEO of Heritage Bank and President of Heritage Financial Corporation, effective July 1, 2024. Mr. McDonald has held the titles of President and Chief Operating Officer of Heritage Bank since 2018.

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Recent Analyst Ratings for
$HFWA

Date	Price Target	Rating	Analyst
4/24/2023	$31.00 → $23.00	Outperform → Mkt Perform	Keefe Bruyette
6/29/2022	$27.00 → $29.00	Neutral → Buy	DA Davidson

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$HFWA
Leadership Updates

Live Leadership Updates

Heritage Bank Appoints New Executive Vice Presidents and Announces the Retirement of Cindy Hirman, Executive Vice President, Chief Banking Officer
OLYMPIA, Wash., Jan. 5, 2023 /PRNewswire/ -- Heritage Bank ("Heritage" or "Bank"), a wholly-owned subsidiary of Heritage Financial Corporation (NASDAQ:HFWA), is pleased to announce the appointment of Matt Ray as Executive Vice President Chief Lending Officer, Amy Curran as Executive Vice President Director of Commercial Banking, Kelli Wilson as Executive Vice President Chief Banking Officer and Sabrina Robison as Executive Vice President Chief Human Resources Officer. Robison assumed her new executive title in September 2022, while Ray, Curran and Wilson assumed their new executive roles on January 1, 2023. Wilson will succeed Cindy Hirman who is scheduled to retire in April 2023. Jeff Deuel
1/5/23 8:00:00 AM ET
$HFWA
Banks
Finance
Heritage Financial Corporation Appoints Eric K. Chan to its Board of Directors
OLYMPIA, Wash., Dec. 21, 2022 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (NASDAQ:HFWA) is pleased to announce the appointment of Eric K. Chan to its Board of Directors. Mr. Chan was also appointed to the Board of Directors of Heritage's wholly-owned subsidiary, Heritage Bank. The appointment is effective January 1, 2023. "We are pleased to welcome Eric to our board of directors," said Brian L. Vance, Board Chair. "Eric brings the depth of finance and operational experience we were searching for along with extensive executive leadership experience. Eric's backg
12/21/22 8:00:00 AM ET
$HFWA
Banks
Finance
Heritage Financial Corporation Appoints Trevor Dryer and Gail Giacobbe to its Board of Directors
OLYMPIA, Wash., Nov. 9, 2021 /PRNewswire/ -- Heritage Financial Corporation ("Heritage") (NASDAQ:HFWA), is pleased to announce the appointment of Trevor Dryer and Gail Giacobbe to its Board of Directors. Mr. Dryer and Ms. Giacobbe were also appointed to the Board of Directors of Heritage's wholly-owned subsidiary, Heritage Bank. The appointments are effective January 1, 2022. "We are pleased to welcome Trevor and Gail to our board of directors," said Brian L. Vance, Board Chair. "Trevor is a fintech and small business lending subject matter expert with executive leadership ex
11/9/21 9:00:00 AM ET
$HFWA
Banks
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HERITAGE FINANCIAL ANNOUNCES THIRD QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.23 PER SHARE
Third Quarter 2024 Highlights Net income was $11.4 million, or $0.33 per diluted share, compared to $14.2 million, or $0.41 per diluted share, for the second quarter of 2024.Results include a pre-tax loss on sale of securities of $6.9 million, or $0.16 per diluted share on an after-tax basis.Loans receivable increased $146.9 million, or 3.2% (12.9% annualized).Deposits increased $192.8 million, or 3.5% (13.9% annualized).Non-interest bearing deposits increased $82.9 million, or 5.2% (20.6% annualized).Net interest margin was 3.33%, compared to 3.29% for the second quarter of 2024.Cost of total deposits was 1.42%, compared to 1.34% for the second quarter of 2024.Noninterest expense to average
10/24/24 8:00:00 AM ET
$HFWA
Banks
Finance
Heritage Financial Announces Earnings Release Date and Conference Call
OLYMPIA, Wash., Oct. 1, 2024 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ:HFWA) (the "Company" or "Heritage") anticipates issuing its third quarter earnings release on Thursday, October 24, 2024 before the market opens. The Company has scheduled a telephone conference call to discuss the third quarter earnings on Thursday, October 24, 2024 at 10:00 a.m. Pacific time (1:00 p.m. Eastern time). There will be a live question-and-answer session following the presentation. Participants may register for the call using the link below to receive dial-in details and their own unique PINs. It is recommended you join 10 minutes prior to the start time. Register for the call with the below lin
10/1/24 6:22:00 PM ET
$HFWA
Banks
Finance
HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND
Second Quarter 2024 Highlights Net income was $14.2 million, or $0.41 per diluted share, for the second quarter compared to $5.7 million, or $0.16 per diluted share, for the first quarter.The second quarter results include a loss on sale of securities of $1.9 million, or $0.04 per diluted share.Loans receivable increased $104.5 million, or 2.4% (9.5% annualized), during the second quarter.Net interest margin was 3.29% for the second quarter compared to 3.32% for the first quarter.Cost of total deposits was 1.34% for the second quarter compared to 1.19% for the first quarter.Noninterest expense to average total assets was 2.21% for the second quarter compared to 2.29% for the first quarter.De
7/25/24 8:00:00 AM ET
$HFWA
Banks
Finance

HERITAGE FINANCIAL ANNOUNCES THIRD QUARTER 2024 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.23 PER SHARE
Third Quarter 2024 Highlights Net income was $11.4 million, or $0.33 per diluted share, compared to $14.2 million, or $0.41 per diluted share, for the second quarter of 2024.Results include a pre-tax loss on sale of securities of $6.9 million, or $0.16 per diluted share on an after-tax basis.Loans receivable increased $146.9 million, or 3.2% (12.9% annualized).Deposits increased $192.8 million, or 3.5% (13.9% annualized).Non-interest bearing deposits increased $82.9 million, or 5.2% (20.6% annualized).Net interest margin was 3.33%, compared to 3.29% for the second quarter of 2024.Cost of total deposits was 1.42%, compared to 1.34% for the second quarter of 2024.Noninterest expense to average
10/24/24 8:00:00 AM ET
$HFWA
Banks
Finance
Nicholas Bley Named Chief Operating Officer at Heritage Bank
OLYMPIA, Wash., Oct. 23, 2024 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ:HFWA) (the "Company" or "Heritage"), the parent company of Heritage Bank (the "Bank"), announces that Nicholas ("Nic") Bley will become the Executive Vice President and Chief Operating Officer ("COO") of Heritage Bank and Executive Vice President of Heritage, effective October 28, 2024. Mr. Bley held various titles with JPMorgan Chase & Co. over the past 16 years with his most recent role being the Managing Director and Commercial Real Estate Senior Regional Sales Manager. While with JPMorgan Chase & Co., Mr. Bley also held a variety of leadership positions with broad experience including sales management,
10/23/24 4:00:00 PM ET
$HFWA
Banks
Finance
Heritage Financial Announces Earnings Release Date and Conference Call
OLYMPIA, Wash., Oct. 1, 2024 /PRNewswire/ -- Heritage Financial Corporation (NASDAQ:HFWA) (the "Company" or "Heritage") anticipates issuing its third quarter earnings release on Thursday, October 24, 2024 before the market opens. The Company has scheduled a telephone conference call to discuss the third quarter earnings on Thursday, October 24, 2024 at 10:00 a.m. Pacific time (1:00 p.m. Eastern time). There will be a live question-and-answer session following the presentation. Participants may register for the call using the link below to receive dial-in details and their own unique PINs. It is recommended you join 10 minutes prior to the start time. Register for the call with the below lin
10/1/24 6:22:00 PM ET
$HFWA
Banks
Finance

Heritage Financial Retiring Chief Executive Jeff Deuel Remains CEO Until May 2025; Bryan McDonald Named President And CEO Of Heritage Bank And President Of Heritage Financial Corporation

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Recent Analyst Ratings for $HFWA

$HFWA Leadership Updates

Live Leadership Updates

Heritage Bank Appoints New Executive Vice Presidents and Announces the Retirement of Cindy Hirman, Executive Vice President, Chief Banking Officer

Heritage Financial Corporation Appoints Eric K. Chan to its Board of Directors

Heritage Financial Corporation Appoints Trevor Dryer and Gail Giacobbe to its Board of Directors

$HFWA SEC Filings

SEC Form 10-Q filed by Heritage Financial Corporation

Heritage Financial Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

Heritage Financial Corporation filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

$HFWA Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

EVP Chief Credit Officer Chalfant Tony sold $78,838 worth of shares (2,975 units at $26.50), decreasing direct ownership by 13% to 20,119 units (SEC Form 4)

SEC Form 3 filed by new insider Bley Nicholas M

SEC Form 4 filed by Director Charneski Brian

$HFWA Market Insights

Live Market Insights

Heritage Financial Q2 2024 Adj EPS $0.45 Beats $0.40 Estimate, Sales $56.359M Miss $58.293M Estimate

Keefe, Bruyette & Woods Maintains Market Perform on Heritage Financial, Maintains $20 Price Target