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Dec 31, 2019
Heritage Financial Q4 2019 Earnings Report
Heritage Financial's net income decreased slightly, while diluted earnings per share remained nearly unchanged compared to the previous quarter.
Key Takeaways
Heritage Financial Corporation reported a slight decrease in net income for Q4 2019, with diluted earnings per share remaining almost the same compared to the previous quarter. The company saw growth in total loans and deposits, and an improvement in noninterest expense to average total assets.
Net income was $17.1 million, a slight decrease from $17.9 million in the linked quarter.
Diluted earnings per share were $0.47, compared to $0.48 in the previous quarter and $0.45 in the same quarter of the previous year.
Total loans receivable, net, increased by $36.9 million, reaching $3.73 billion.
Total deposits increased by $20.4 million to $4.58 billion.