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Jun 30, 2022
Heritage Financial Q2 2022 Earnings Report
Net income of $18.6 million, or $0.52 per diluted share, was announced for the second quarter of 2022.
Key Takeaways
Heritage Financial Corporation reported a net income of $18.6 million for the second quarter of 2022, a decrease compared to both the previous quarter and the same quarter last year. However, the company saw positive progress in loan growth and improvement in credit quality, along with an increased net interest margin.
Net income was $18.6 million, or $0.52 per diluted share.
Loans receivable grew by $52.9 million, or 1.4% (5.6% annualized).
Net interest margin increased to 3.04%.
The ratio of nonperforming assets to total assets decreased to 0.14%.
Heritage Financial
Heritage Financial
Forward Guidance
This document does not contain forward guidance.