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Heritage Financial Q1 2023 Earnings Report

Heritage Financial logo
$24.43 -0.02 (-0.08%)
(As of 12/26/2024 05:22 PM ET)

Heritage Financial EPS Results

Actual EPS
$0.58
Consensus EPS
$0.61
Beat/Miss
Missed by -$0.03
One Year Ago EPS
N/A

Heritage Financial Revenue Results

Actual Revenue
$68.10 million
Expected Revenue
$68.30 million
Beat/Miss
Missed by -$200.00 thousand
YoY Revenue Growth
N/A

Heritage Financial Announcement Details

Quarter
Q1 2023
Time
N/A

Conference Call Resources

Conference Call Audio

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Heritage Financial Earnings Headlines

Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
Heritage Financial stock hits 52-week high at $27.57
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About Heritage Financial

Heritage Financial (NASDAQ:HFWA) operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and individuals in the United States. It accepts various deposit products, such as noninterest demand deposits, interest bearing demand deposits, money market accounts, savings accounts, personal checking accounts, and certificates of deposit. The company's loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, commercial business loans, lines of credit, term equipment financing, and term real estate loans, as well as commercial business loans to a range of businesses in industries that include real estate and rental and leasing, healthcare, accommodation and food services, retail trade, and construction. It also originates loans that are guaranteed by the U.S. Small Business Administration; and provides objective advice from trusted advisers. The company was formerly known as Heritage Financial Corporation, M.H.C. and changed its name to Heritage Financial Corporation in 1998. Heritage Financial Corporation was founded in 1927 and is headquartered in Olympia, Washington.

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