Heritage Financial Corporation announced its third quarter 2026 financial results, reporting net income of $18.7 million. Alongside its earnings, the company's Board of Directors approved a new stock repurchase program and declared a regular quarterly cash dividend of $0.25 per share.
Key Details
- Q3 2026 Earnings: Net income was $18.7 million, or $0.46 per diluted share, compared to $17.5 million, or $0.42 per diluted share, in Q2 2026.
- New Stock Repurchase Program: The Board authorized the repurchase of up to 5% of the company's outstanding common stock, or approximately 2.0 million shares. This new program supersedes a prior authorization that was substantially completed during the quarter.
- Quarterly Dividend: Declared a cash dividend of $0.25 per share, payable on November 18, 2026, to shareholders of record as of November 4, 2026.
- Balance Sheet Growth: Loans receivable increased by $133.5 million (2.3%) and total deposits increased by $148.2 million (2.1%) compared to the second quarter of 2026.