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Heritage Financial: Q1 Earnings Snapshot

April 22, 2021 GMT

OLYMPIA, Wash. (AP) _ Heritage Financial Corp. (HFWA) on Thursday reported first-quarter net income of $25.3 million.

The Olympia, Washington-based company said it had profit of 70 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The bank holding company posted revenue of $62.4 million in the period. Its adjusted revenue was $60.5 million, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $62.7 million.

Heritage Financial shares have risen 17% since the beginning of the year. The stock has risen 50% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HFWA at https://www.zacks.com/ap/HFWA