NASDAQ$HFWA

Heritage Financial Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Heritage Financial's net income decreased slightly, while diluted earnings per share remained nearly unchanged compared to the previous quarter.

Heritage Financial Corporation reported a slight decrease in net income for Q4 2019, with diluted earnings per share remaining almost the same compared to the previous quarter. The company saw growth in total loans and deposits, and an improvement in noninterest expense to average total assets.

  • Net income was $17.1 million, a slight decrease from $17.9 million in the linked quarter.
  • Diluted earnings per share were $0.47, compared to $0.48 in the previous quarter and $0.45 in the same quarter of the previous year.
  • Total loans receivable, net, increased by $36.9 million, reaching $3.73 billion.
  • Total deposits increased by $20.4 million to $4.58 billion.

Headline financials

Total Revenue

$58.1M

Previous: $59.7M-2.7%
EPS (adj)

$0.47

Previous: $0.47+0.0%
ROAA

1.2%

No prior period
ROAE

8.4%

No prior period
ROATCE

12.9%

No prior period
Net Interest Margin

4.0%

No prior period
Cost of Total Deposits

0.4%

No prior period
Efficiency Ratio

61.9%

No prior period
Noninterest Exp./Avg Assets

2.6%

No prior period
Loans to Deposits

82.2%

No prior period
Equity to Total Assets

14.6%

No prior period
TCE to Tangible Assets

10.4%

No prior period
CET1 Ratio

11.5%

No prior period
Tier 1 Capital Ratio

12.0%

No prior period
Total Capital Ratio

12.7%

No prior period
Capital Expenditures

$2.52M

Previous: $1.8M+40.0%
Free Cash Flow

$24.3M

Previous: $25.2M-3.6%
Net Income

$17.1M

Previous: $16.6M+3.1%
Operating Income

$20.6M

No prior period
Cash & Equivalents

$229M

Previous: $162M+41.2%
Total Assets

$5.55B

Previous: $5.32B+4.4%

Revenue & EPS history

Heritage Financial · Revenue · Quarterly

$58.1M

Q4 2019-2.7%vs Q4 2018
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Heritage Financial · $3.43B total across 4 segments · Q1 2020

  • Non-Owner Occupied CRE
    $1.31B
  • Commercial & Industrial
    $890M
  • Owner-Occupied CRE
    $806M
  • Consumer
    $421M

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 Q4 2019

Historical avgQ4 2019

-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

Earnings price reactions
QuarterReport dateReaction (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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