OLYMPIA, Wash. (AP) — OLYMPIA, Wash. (AP) — Heritage Financial Corp. (HFWA) on Thursday reported fourth-quarter earnings of $11.9 million.
The Olympia, Washington-based company said it had profit of 34 cents per share. Earnings, adjusted for non-recurring costs, were 51 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The bank holding company posted revenue of $82.3 million in the period. Its adjusted revenue was $61 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $60.5 million.
For the year, the company reported profit of $43.3 million, or $1.24 per share. Revenue was reported as $239.6 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HFWA at https://www.zacks.com/ap/HFWA
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.