NASDAQ$HFWA
Heritage Financial Corporation · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Announced first quarter 2021 results.
Heritage Financial Corporation reported a net income of $25.3 million for the quarter ended March 31, 2021, an increase compared to $23.9 million for the linked-quarter and $12.2 million for the quarter ended March 31, 2020. Diluted earnings per share were $0.70, compared to $0.66 for the linked-quarter and $0.34 for the quarter ended March 31, 2020.
- Net income was $25.3 million, or $0.70 per diluted share.
- Noninterest expense to average total assets, annualized, was 2.22%.
- Reversal of provision for credit losses was $7.2 million.
- Capital remains strong with Tier 1 leverage ratio of 9.1% and total risk-based capital ratio of 14.5%.
Headline financials
Revenue & EPS history
Heritage Financial · Revenue · Quarterly
$60.5M
Revenue by segment
Heritage Financial · $3.43B total across 4 segments · Q1 2020
- Non-Owner Occupied CRE$1.31B—38.3%
- Commercial & Industrial$890M—25.9%
- Owner-Occupied CRE$806M—23.5%
- Consumer$421M—12.3%
Forward guidance
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements often include words such as "believe," "expect,"anticipate," "estimate," and "intend" or future or conditional verbs such as "will," "would," "should," "could," or "may."
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.6%
Avg return
Earnings day
-1.2%
Avg return
5 days after
+1.1%
Avg return
30 days after
42%
28 / 66 earnings
Positive
+7.3%
Q4 2025
Best reaction
-10.7%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.0% | +0.9% | -0.6% | |
| Q4 2025 | +7.3% | -1.0% | +7.7% | |
| Q3 2025 | +0.5% | +1.7% | +1.3% | |
| Q2 2025 | -0.8% | -2.8% | +2.1% | |
| Q1 2025 | +0.0% | -0.2% | +0.5% | |
| Q4 2024 | +1.0% | +2.6% | -1.8% | |
| Q3 2024 | +2.1% | +5.1% | +21.2% | |
| Q2 2024 | +6.0% | +6.2% | +5.5% | |
| Q1 2024 | -4.0% | -4.7% | -1.8% | |
| Q4 2023 | -1.8% | -3.2% | -11.4% | |
| Q3 2023 | +3.3% | -1.9% | +9.7% | |
| Q2 2023 | -7.4% | -3.4% | -5.4% | |
| Q1 2023 | -1.2% | -12.0% | -19.7% | |
| Q4 2022 | +0.5% | +1.3% | +0.4% | |
| Q3 2022 | -0.2% | +1.5% | +5.0% | |
| Q2 2022 | -4.5% | -2.8% | +1.8% | |
| Q1 2022 | +1.3% | -0.1% | -4.1% | |
| Q4 2021 | -3.9% | -2.6% | +4.4% | |
| Q3 2021 | +1.6% | +0.4% | -0.2% | |
| Q2 2021 | -1.6% | +0.8% | +7.6% | |
| Q1 2021 | +3.7% | +3.7% | +6.7% | |
| Q4 2020 | -1.6% | +0.0% | +8.0% | |
| Q3 2020 | +4.1% | +1.0% | +16.0% | |
| Q2 2020 | -1.1% | -3.1% | -4.9% | |
| Q1 2020 | -10.7% | -14.5% | -12.7% | |
| Q4 2019 | -2.0% | -4.1% | -2.3% | |
| Q3 2019 | -1.5% | +0.9% | -1.1% | |
| Q2 2019 | -4.7% | -5.3% | -13.1% | |
| Q1 2019 | -3.0% | -3.4% | -5.5% | |
| Q4 2018 | +0.3% | +0.5% | +5.2% | |
| Q3 2018 | +5.0% | +8.9% | +13.7% | |
| Q2 2018 | -1.5% | -5.7% | -2.0% | |
| Q1 2018 | -5.2% | -5.2% | +2.2% | |
| Q4 2017 | +2.6% | -0.5% | +1.6% | |
| Q3 2017 | +0.3% | -1.6% | -1.0% | |
| Q2 2017 | +0.9% | +1.9% | -0.7% | |
| Q1 2017 | +3.8% | +0.4% | -8.0% | |
| Q4 2016 | -3.0% | -4.7% | -5.4% | |
| Q3 2016 | +1.4% | +2.8% | +27.3% | |
| Q2 2016 | -3.7% | -5.2% | -0.5% | |
| Q1 2016 | +0.5% | — | — | |
| Q4 2015 | +5.0% | — | — | |
| Q3 2015 | -1.3% | — | — | |
| Q2 2015 | -5.9% | — | — | |
| Q1 2015 | -0.2% | — | — | |
| Q4 2014 | -0.1% | — | — | |
| Q3 2014 | -0.8% | — | — | |
| Q2 2014 | +0.8% | — | — | |
| Q1 2014 | -0.3% | — | — | |
| Q4 2013 | -2.5% | — | — | |
| Q3 2013 | +2.7% | — | — | |
| Q2 2013 | -2.6% | — | — | |
| Q1 2013 | -2.1% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q4 2012 | -3.9% | — | — | |
| Q3 2012 | -1.3% | — | — | |
| Q2 2012 | +5.0% | — | — | |
| Q1 2011 | +0.7% | — | — | |
| Q1 2012 | +4.3% | — | — | |
| Q4 2009 | -3.7% | — | — | |
| Q3 2011 | -1.6% | — | — | |
| Q3 2010 | -1.6% | — | — | |
| Q2 2011 | -3.5% | — | — | |
| Q2 2010 | -3.5% | — | — | |
| Q4 2010 | -3.5% | — | — | |
| Q1 2010 | -2.2% | — | — |
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