Detail akcie Heritage Finl online

Business Summary: Heritage Financial Corporation is a bank holding company. The Company is primarily engaged in the business of planning, directing, and coordinating the business activities of its wholly owned subsidiary, Heritage Bank (the Bank). Its business consists primarily commercial lending and deposit relationships with small and medium-sized businesses and their owners in its market areas and attracting deposits from the general public. It also makes real estate construction and land development loans, consumer loans and residential real estate loans for sale or investment purposes on residential properties located primarily in its market. It offers a full range of products and services to customers for personal and business banking needs designed to attract both short-term and long-term deposits. It also offers investment advice through a wealth management department that provides objective advice from trusted advisers. The Bank conducts business from its approximately 50 branch offices.
Financial Summary: BRIEF: For the three months ended 31 March 2024, Heritage Financial Corp interest income increased 12% to $74.4M. Net interest income after loan loss provision decreased 16% to $50.1M. Net income decreased 72% to $5.7M. Net interest income after loan loss provision reflects Non-Taxable Int. on Invest. Securties decrease of 69% to $181K. Net income also reflects Deposits increase from $4.5M to $16.4M (expense), Gain on sale of investment securities.