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 earnings surpassed estimates at $0.45 per share, a 9.76% surprise. Quarterly revenue missed estimates at $56.36 million, down from $63.11 million. Zacks Rank #4 indicates expected stock underperformance, with unfavorable estimate revisions. Industry rank in bottom 32% may hinder HFWA's stock performance. Heritage Financial has only surpassed EPS estimates twice over the last four quarters.