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Heritage Financial (HFWA) Reports Q2 Earnings: What Key Metrics Have to Say

Jul 25, 2024, 11:07 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

HFWA's Q2 revenue fell 10.7% year-over-year. EPS of $0.45 exceeded the consensus estimate of $0.41. Net Interest Margin met expectations at 3.3%. Noninterest income also fell short of projections. HFWA shares rose 27% while S&P 500 dropped 0.3%.

  • HFWA's Q2 revenue fell 10.7% year-over-year.
  • EPS of $0.45 exceeded the consensus estimate of $0.41.
  • Net Interest Margin met expectations at 3.3%.
  • Noninterest income also fell short of projections.
  • HFWA shares rose 27% while S&P 500 dropped 0.3%.

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