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-0.000718648939992798 -0.00179662234998206 -0.000359324469996463 -0.000718648939992798 -0.00107797340998926 -0.00467121810995325 -0.00467121810995325 -0.00467121810995325
Stock impact report

Heritage Financial Q1 Earnings Call Highlights [Yahoo! Finance]

Heritage Financial Corporation (HFWA) 
Last heritage financial corporation earnings: 4/30 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
loans rose about $939 million (including $954M acquired) and investment balances increased roughly $388 million, though deposits fell on an ex-acquisition basis. Net interest margin widened to 3.96% (from 3.72% in Q4) as loan and investment yields rose, and management expects modest further expansion, targeting a 4.0% NIM by year-end. Merger-related costs and intangible amortization have pushed expenses higher; quarterly noninterest expense is forecast about $64–65M in Q2–Q3 before declining to roughly $56–57M in Q4 after a late-Q3 systems conversion. Interested in Heritage Financial Corporation? Here are five stocks we like better. Heritage Financial (NASDAQ:HFWA) detailed first-quarter results that were heavily influenced by its recently completed merger with Olympic Bancorp, which management said improves the company's positioning for growth in the Puget Sound market. President and CEO Bryan D. McDonald said the merger closed during the quarter and noted that the company ex Show less Read more
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